Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +33.1%
S&P 500 total return (same window) +37.0%
Excess return -3.9%

Annualized: +25.7% · S&P 500: +28.7%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 89.7% · Options excluded: 0.0%

Sector breakdown

04
Technology 34.4%
Industrials 14.4%
Healthcare 12.0%
Communication Services 8.3%
Retail 7.7%
Financials 4.8%
Energy 2.5%
Consumer products 2.4%
Materials 1.7%
Utilities 0.7%
Consumer Staples 0.5%
Consumer Discretionary 0.3%
Other/Unmapped 10.3%

Full portfolio 95 positions

05
Type Streak 8Q trend
AMD Advanced Micro Devices, Inc. - Common Stock $55,519,893 8.59% 95,574 $34,537,919 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $48,975,056 7.58% 137,043 $9,009,104 Down ×1
NVDA NVIDIA Corporation - Common Stock $38,965,326 6.03% 194,739 $4,235,485 Down ×1
AAPL Apple Inc. - Common Stock $33,869,877 5.24% 117,051 $4,113,507 Down ×1
ADI Analog Devices, Inc. - Common Stock $28,911,990 4.47% 72,795 $4,810,657 Down ×1
MSFT Microsoft Corporation - Common Stock $21,369,569 3.31% 57,288 $739,625 Up ×3
RTX RTX Corporation Common Stock $20,749,443 3.21% 109,363 $-170,755 Up ×2
MA Mastercard Incorporated Common Stock $19,302,628 2.99% 37,583 $865,674 Up ×2
JNJ Johnson & Johnson Common Stock $19,052,575 2.95% 75,019 $1,077,436 Up ×2
ROK Rockwell Automation, Inc. Common Stock $18,704,618 2.89% 37,781 $5,513,625 Up ×2
AMZN Amazon.com, Inc. - Common Stock $18,653,679 2.89% 78,265 $2,856,400 Up ×3
TJX TJX Companies, Inc. (The) Common Stock $16,841,647 2.61% 111,166 $-610,847 Up ×2
AMAT Applied Materials, Inc. - Common Stock $16,536,456 2.56% 22,872 $9,274,444 Up ×4
SBGSY CUSIP: 80687P106 $16,491,583 2.55% 253,016 $2,954,950 Up ×2
PG Procter & Gamble Company (The) Common Stock $15,442,218 2.39% 105,307 $514,778 Up ×3
LLY Eli Lilly and Company Common Stock $14,172,465 2.19% 11,816 $5,648,037 Up ×6
HD Home Depot, Inc. (The) Common Stock $13,031,173 2.02% 36,949 $1,116,475 Up ×3
ADP Automatic Data Processing, Inc. - Common Stock $12,628,764 1.95% 56,391 $1,384,580 Up ×2
DHR Danaher Corporation Common Stock $12,394,724 1.92% 65,071 $-43,984 Down ×1
ABT Abbott Laboratories Common Stock $11,568,715 1.79% 127,493 $-1,307,026 Up ×2
ATR AptarGroup, Inc. Common Stock $10,996,817 1.70% 87,834 $-148,644 Down ×1
CNI Canadian National Railway Company Common Stock $9,955,228 1.54% 83,489 $1,559,023 Up ×2
VRTX Vertex Pharmaceuticals Incorporated - Common Stock $9,710,575 1.50% 19,549 $1,379,925 Up ×2
Unknown issuer (CUSIP: 30254T759) $9,613,498 1.49% 212,453 $640,235 Up ×1
XYL Xylem Inc. Common Stock New $9,039,282 1.40% 76,468 $138,804 Up ×2
Unknown issuer (CUSIP: 74925K581) $8,856,831 1.37% 593,224 $587,291
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $8,146,519 1.26% 10,675 $4,232,659 Up ×1
Unknown issuer (CUSIP: 64128R608) $8,064,356 1.25% 395,700 $304,689
Unknown issuer (CUSIP: 00771X419) $7,365,388 1.14% 397,485 $135,145
Unknown issuer (CUSIP: 00171A878) $7,111,167 1.10% 673,406 $525,257
XOM Exxon Mobil Corporation Common Stock $6,645,827 1.03% 48,609 $-1,145,644 Up ×1
AVGO Broadcom Inc. - Common Stock $5,089,803 0.79% 13,474 $1,659,503 Up ×2
AXP American Express Company Common Stock $5,075,441 0.79% 15,005 $1,572,723 Up ×5
GEV GE Vernova Inc. Common Stock $4,997,854 0.77% 4,254 $1,443,406 Up ×2
NEE NextEra Energy, Inc. Common Stock $4,653,127 0.72% 53,015 $1,778,119 Up ×1
ASML ASML Holding N.V. - New York Registry Shares $4,554,311 0.70% 2,322 $1,912,651 Up ×1
CVX Chevron Corporation Common Stock $4,501,878 0.70% 27,159 $-1,310,563 Down ×1
SPY SPY $3,733,850 0.58% 5,000 $482,150
GOOG Alphabet Inc. - Class C Capital Stock $3,651,666 0.57% 10,335 $526,326 Down ×1
ABBV AbbVie Inc. Common Stock $3,525,728 0.55% 14,011 $517,623 Up ×2
UBER Uber Technologies, Inc. Common Stock $3,434,310 0.53% 47,593 $291,401 Up ×5
TSM Taiwan Semiconductor Manufacturing Company Ltd. $3,390,747 0.52% 7,100 $989,612 Down ×1
SCHW Charles Schwab Corporation (The) Common Stock $3,151,204 0.49% 34,152 $213,203 Up ×4
MRK Merck & Company, Inc. Common Stock (new) $3,017,692 0.47% 23,484 $341,239 Up ×2
UNP Union Pacific Corporation Common Stock $3,005,600 0.47% 11,050 $324,648
ET Energy Transfer LP Common Units $2,390,000 0.37% 125,000 $-22,500
VRT Vertiv Holdings, LLC Class A Common Stock $2,178,004 0.34% 6,505 $624,408 Up ×1
WCN Waste Connections, Inc. Common Shares $2,174,137 0.34% 13,043 $1,202,259 Up ×1
ABNB Airbnb, Inc. - Class A Common Stock $2,133,049 0.33% 14,906 $250,719
SPTM SPDR SERIES TRUST $1,915,669 0.30% 21,100 $207,973 Down ×6
NSRGY CUSIP: 641069406 $1,877,686 0.29% 18,285 $174,653 Up ×2
TT Trane Technologies plc $1,866,408 0.29% 3,800 $282,796
KO Coca-Cola Company (The) Common Stock $1,588,341 0.25% 19,544 $102,020
NU Nu Holdings Ltd. Class A Ordinary Shares $1,535,892 0.24% 114,962 $-116,112
PBA Pembina Pipeline Corp. Ordinary Shares (Canada) $1,518,064 0.23% 32,823 $48,907
ZS Zscaler, Inc. - Common Stock $1,411,500 0.22% 10,000 $8,600
IBM International Business Machines Corporation Common Stock $1,378,210 0.21% 4,901 $190,257
WMT Walmart Inc. - Common Stock $1,227,172 0.19% 10,835 $-131,706 Down ×1
NSC Norfolk Southern Corporation Common Stock $1,179,712 0.18% 3,750 $103,462
INTC Intel Corporation - Common Stock $1,131,422 0.18% 8,103 $771,630 Down ×1
PEP PepsiCo, Inc. - Common Stock $1,051,652 0.16% 7,767 $-1,034,979 Down ×1
GE GE Aerospace Common Stock $982,910 0.15% 2,630 $236,595
UNH UnitedHealth Group Incorporated Common Stock (DE) $877,811 0.14% 2,112 $-552,528 Down ×6
SNOW Snowflake Inc. Common Stock $798,366 0.12% 3,137 $325,244
DE Deere & Company Common Stock $792,912 0.12% 1,250 $88,787
JPM JP Morgan Chase & Co. Common Stock $788,865 0.12% 2,410 $35,815 Down ×1
PFE Pfizer, Inc. Common Stock $693,504 0.11% 28,800 $-129,240 Down ×1
CSCO Cisco Systems, Inc. - Common Stock $680,680 0.11% 5,795 $223,287 Down ×1
FISV Fiserv, Inc. - Common Stock $633,235 0.10% 12,910 $-3,765,256 Down ×6
NOW ServiceNow, Inc. Common Stock $595,680 0.09% 6,000 $-31,620
BMY Bristol-Myers Squibb Company Common Stock $582,942 0.09% 10,117 $-30,654
MMM 3M Company Common Stock $562,637 0.09% 3,475 $25,287 Down ×1
HUBS HubSpot, Inc. Common Stock $547,530 0.08% 3,000 $-184,770
Unknown issuer (CUSIP: 438516205) $501,760 0.08% 2,241 Up ×1
Unknown issuer (CUSIP: 43849R105) $495,440 0.08% 2,241 Up ×1
COP ConocoPhillips Common Stock $482,374 0.07% 4,640 $-130,106
NVS Novartis AG Common Stock $461,697 0.07% 2,946 $-15,036 Down ×1
TMO Thermo Fisher Scientific Inc Common Stock $453,731 0.07% 905 $8,896
GILD Gilead Sciences, Inc. - Common Stock $418,185 0.06% 3,310 $-43,130
MRSH Marsh Common Stock $416,675 0.06% 2,500 $-16,950
IR Ingersoll Rand Inc. Common Stock $359,526 0.06% 4,385 $8,200
PSX Phillips 66 Common Stock $336,408 0.05% 1,990 $-26,130
MO Altria Group, Inc. $330,754 0.05% 4,597 $27,398
KMB Kimberly-Clark Corporation - Common Stock $329,310 0.05% 3,000 $39,900
SLTA CUSIP: 83437G103 $300,000 0.05% 300,000 $0
CP Canadian Pacific Kansas City Limited Common Shares $294,177 0.05% 3,395 Up ×1
NEM Newmont Corporation $291,875 0.05% 3,125 $-46,406
NVO Novo Nordisk A/S Common Stock $242,816 0.04% 5,065 $39,038 Down ×4
CI The Cigna Group Common Stock $234,604 0.04% 851 $7,600
WWD Woodward, Inc. - Common Stock $223,356 0.03% 525 $17,552 Down ×1
MS Morgan Stanley Common Stock $211,339 0.03% 1,011 Up ×1
IRWD Ironwood Pharmaceuticals, Inc. - Class A Common Stock $75,780 0.01% 18,000 $12,600
Unknown issuer (CUSIP: 00171A209) $59,840 0.01% 11,000 $3,630
Unknown issuer (CUSIP: HB0000641) $29,510 0.00% 65,000 $0
Unknown issuer (CUSIP: HB0000094) $2 0.00% 20,000 $0

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

SecurityValue% of portfolioStreak
MSFT $21,369,569 3.31% up ×3
AMZN $18,653,679 2.89% up ×3
AMAT $16,536,456 2.56% up ×4
PG $15,442,218 2.39% up ×3
LLY $14,172,465 2.19% up ×6
HD $13,031,173 2.02% up ×3
AXP $5,075,441 0.79% up ×5
UBER $3,434,310 0.53% up ×5
SCHW $3,151,204 0.49% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 438516205) $501,760 2,241 0.08%
Unknown issuer (CUSIP: 43849R105) $495,440 2,241 0.08%
CP $294,177 3,395 0.05%
MS $211,339 1,011 0.03%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AMD Trimmed -8K +$34.5M
AMAT Bought more +2K +$9.3M
GOOGL Trimmed -2K +$9.0M
LLY Bought more +3K +$5.6M
ROK Bought more +1K +$5.5M
ADI Trimmed -3K +$4.8M
NVDA Trimmed -4K +$4.2M
CRWD Bought more +650 +$4.2M
AAPL Trimmed -197 +$4.1M
SBGSY Bought more +4K +$3.0M

1 position hidden — reported move looks larger than the position itself (data completeness check)

Exited positions

11

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarterShares beforeValue beforePrice since exit
CRM Dec. 31, 2025 10,434 $2,472,858 -11.4%
HON June 30, 2026 4,575 $1,034,087 -4.4%
BALL June 30, 2025 11,958 $622,654 0.5%
CARR June 30, 2026 8,930 $502,849 -24.9%
ADBE Dec. 31, 2025 1,383 $487,853 -32.1%
CSX Sept. 30, 2025 7,800 $254,514 33.6%
MKC June 30, 2026 5,035 $253,965 -11.4%
CHD June 30, 2025 1,880 $206,969 -1.9%
SYK June 30, 2026 625 $205,368 -12.5%