Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 -5.3%
S&P 500 total return (same window) +37.0%
Excess return -42.3%

Annualized: -4.3% · 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: 100.0% · Options excluded: 0.0%

Sector breakdown

04
Industrials 50.6%
Financials 41.4%
Technology 8.1%

Full portfolio 3 positions

05
Type Streak 8Q trend
TDG Transdigm Group Incorporated Common Stock $41,422,448 50.56% 31,097 $5,382,269
MCO Moody's Corporation Common Stock $33,909,215 41.39% 74,868 $1,248,050
GWRE Guidewire Software, Inc. Common Stock $6,595,603 8.05% 53,601 $-1,420,963

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
TDG Price move only +0 +$5.4M
GWRE Price move only +0 -$1.4M
MCO Price move only +0 +$1.2M

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
AMZN June 30, 2025 144,121 $27,420,461 14.6%