Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +35.1%
S&P 500 total return (same window) +37.0%
Excess return -1.9%

Annualized: +27.2% · 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: 92.1% · Options excluded: 0.0%

Sector breakdown

04
Technology 25.8%
Industrials 10.3%
Financials 9.7%
Communication Services 8.9%
Healthcare 7.6%
Retail 4.8%
Energy 2.4%
Consumer Staples 2.0%
Utilities 1.6%
Materials 1.4%
Consumer Discretionary 1.2%
Consumer products 1.1%
Real Estate 0.9%
Other/Unmapped 22.4%

Full portfolio 388 positions

05
Type Streak 8Q trend
AAPL Apple Inc. - Common Stock $275,880,144 6.69% 953,415 $32,467,619 Down ×1
NVDA NVIDIA Corporation - Common Stock $196,088,208 4.76% 980,000 $29,536,572 Up ×6
GOOG Alphabet Inc. - Class C Capital Stock $195,930,028 4.75% 554,524 $37,417,223 Up ×1
MSFT Microsoft Corporation - Common Stock $184,436,722 4.47% 494,442 $358,576 Down ×1
AMZN Amazon.com, Inc. - Common Stock $140,057,211 3.40% 587,636 $18,688,015 Up ×4
VTI VANGUARD INDEX FUNDS $124,383,640 3.02% 336,136 $16,884,054 Up ×6
AVGO Broadcom Inc. - Common Stock $110,367,505 2.68% 292,170 $19,918,726 Down ×1
SPY SPY $99,121,773 2.40% 132,734 $13,762,042 Up ×2
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF $95,996,199 2.33% 1,831,639 $266,632 Up ×2
AMAT Applied Materials, Inc. - Common Stock $94,746,258 2.30% 131,046 $35,750,205 Down ×5
CAT Caterpillar, Inc. Common Stock $92,283,179 2.24% 86,659 $28,291,523 Down ×5
VOT VANGUARD INDEX FUNDS $87,646,722 2.13% 286,146 $17,471,934 Up ×3
VCSH Vanguard Short-Term Corporate Bond ETF $86,595,144 2.10% 1,095,725 $1,956,719 Up ×6
VCIT Vanguard Intermediate-Term Corporate Bond ETF $75,905,964 1.84% 918,403 $1,160,496 Up ×6
META Meta Platforms, Inc. - Class A Common Stock $73,985,883 1.79% 131,346 $-967,162 Up ×2
JPM JP Morgan Chase & Co. Common Stock $72,036,568 1.75% 220,073 $7,110,146 Down ×1
JNJ Johnson & Johnson Common Stock $70,403,889 1.71% 277,214 $3,032,562 Up ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $66,499,359 1.61% 132,895 $2,625,369 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $55,509,924 1.35% 155,329 $9,228,583 Down ×6
MU Micron Technology, Inc. - Common Stock $48,185,719 1.17% 41,745 $39,422,150 Up ×3
CMI Cummins Inc. Common Stock $45,345,894 1.10% 63,580 $6,006,112 Down ×5
MA Mastercard Incorporated Common Stock $44,981,074 1.09% 87,580 $904,434 Down ×1
IVW iShares Trust $44,625,202 1.08% 324,477 $7,341,340 Down ×6
IWB iShares Trust $42,645,348 1.03% 104,140 $5,342,396 Down ×6
LLY Eli Lilly and Company Common Stock $40,551,277 0.98% 33,809 $10,561,901 Up ×1
RTX RTX Corporation Common Stock $38,710,798 0.94% 204,031 $119,453 Up ×1
GS Goldman Sachs Group, Inc. (The) Common Stock $38,442,075 0.93% 38,010 $6,217,277 Down ×1
APH Amphenol Corporation Common Stock $34,622,220 0.84% 196,359 $16,982,732 Up ×2
PM Philip Morris International Inc Common Stock $30,386,367 0.74% 167,964 $2,957,173 Up ×1
ORCL Oracle Corporation Common Stock $30,036,935 0.73% 204,960 $-351,132 Down ×1
AMGN Amgen Inc. - Common Stock $29,830,989 0.72% 82,379 $1,054,168 Up ×4
JCI Johnson Controls International plc Ordinary Share $29,313,629 0.71% 200,627 $3,433,251 Up ×4
QCOM QUALCOMM Incorporated - Common Stock $29,251,716 0.71% 158,297 $8,559,213 Down ×1
IWM iShares Trust $29,191,434 0.71% 97,160 $4,848,498 Down ×6
PEP PepsiCo, Inc. - Common Stock $29,159,495 0.71% 215,358 $-4,242,766 Up ×1
C Citigroup, Inc. Common Stock $29,059,181 0.70% 207,625 $5,571,512 Up ×4
XOM Exxon Mobil Corporation Common Stock $28,258,511 0.69% 206,689 $-7,432,460 Down ×3
VOO VANGUARD INDEX FUNDS $26,642,738 0.65% 38,792 $3,366,967 Down ×1
PG Procter & Gamble Company (The) Common Stock $25,904,059 0.63% 176,651 $-77,262 Down ×3
NVT nVent Electric plc Ordinary Shares $25,743,028 0.62% 151,778 $7,837,679 Up ×2
SCHW Charles Schwab Corporation (The) Common Stock $24,413,763 0.59% 264,590 $-411,256 Up ×4
LIN Linde plc - Ordinary Shares $23,794,170 0.58% 45,851 $1,375,295 Up ×4
MSBI Midland States Bancorp, Inc. - Common Stock $23,644,166 0.57% 759,286 $6,704,496
LOW Lowe's Companies, Inc. Common Stock $23,320,077 0.57% 105,766 $-1,687,573 Down ×5
CBRE CBRE Group Inc Common Stock Class A $23,292,223 0.56% 172,932 $-157,545 Down ×1
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $23,214,350 0.56% 31 $952,010
CVX Chevron Corporation Common Stock $21,769,212 0.53% 131,328 $-12,609,622 Down ×3
VLO Valero Energy Corporation Common Stock $21,413,391 0.52% 82,220 $1,212,181 Up ×4
TXN Texas Instruments Incorporated - Common Stock $20,961,777 0.51% 70,325 $6,785,284 Down ×2
NUE Nucor Corporation Common Stock $20,917,644 0.51% 93,905 $2,060,995 Down ×1
COF Capital One Financial Corporation Common Stock $19,934,163 0.48% 99,363 $1,734,812 Down ×1
DHR Danaher Corporation Common Stock $19,111,477 0.46% 100,334 $377,269 Up ×2
ABBV AbbVie Inc. Common Stock $18,789,711 0.46% 74,669 $2,155,416 Down ×3
TMO Thermo Fisher Scientific Inc Common Stock $18,755,875 0.45% 37,410 $571,488 Up ×4
CEG Constellation Energy Corporation - Common Stock When-Issued $18,743,413 0.45% 75,466 $-3,280,536 Down ×1
DIS Walt Disney Company (The) Common Stock $18,154,528 0.44% 188,615 $52,374 Up ×2
TSM Taiwan Semiconductor Manufacturing Company Ltd. $18,098,571 0.44% 37,897 $8,480,879 Up ×2
LH Labcorp Holdings Inc. Common Stock $18,021,080 0.44% 64,361 $981,324 Up ×4
EXC Exelon Corporation - Common Stock $17,553,880 0.43% 376,531 $-464,508 Up ×6
ED Consolidated Edison, Inc. Common Stock $17,399,454 0.42% 157,276 $-167,602 Up ×6
CSCO Cisco Systems, Inc. - Common Stock $17,009,975 0.41% 144,815 $5,368,594 Down ×6
GD General Dynamics Corporation Common Stock $16,661,210 0.40% 47,034 $663,382 Up ×1
CI The Cigna Group Common Stock $16,638,868 0.40% 60,356 $626,048 Up ×4
SLB SLB Limited Common Shares $16,327,041 0.40% 351,194 $-1,696,126 Up ×1
EXPD Expeditors International of Washington, Inc. Common Stock $16,137,261 0.39% 99,012 $2,067,911 Up ×2
CL Colgate-Palmolive Company Common Stock $16,078,772 0.39% 175,379 $1,322,788 Up ×6
MO Altria Group, Inc. $16,056,017 0.39% 223,154 $1,574,287 Up ×6
PFE Pfizer, Inc. Common Stock $15,865,629 0.38% 658,872 $-2,638,065 Down ×1
MDT Medtronic plc. Ordinary Shares $13,118,793 0.32% 167,695 $-1,334,359 Up ×6
IWF iShares Trust $12,920,012 0.31% 104,051 $1,651,111 Up ×4
PNR Pentair plc. Ordinary Share $12,796,349 0.31% 166,922 $-1,539,798 Up ×2
CP Canadian Pacific Kansas City Limited Common Shares $12,736,414 0.31% 146,986 $1,279,436 Up ×2
IVV iShares Trust $12,701,174 0.31% 16,960 $2,522,203 Up ×2
ORLY O'Reilly Automotive, Inc. - Common Stock $11,646,459 0.28% 126,470 $111,012 Up ×2
MCD McDonald's Corporation Common Stock $11,508,186 0.28% 42,574 $-2,414,905 Down ×2
ZBRA Zebra Technologies Corporation - Class A Common Stock $11,391,906 0.28% 43,272 $7,844,494 Up ×3
XLF SELECT SECTOR SPDR TRUST $11,218,749 0.27% 209,266 $702,099 Down ×6
TPYP Tortoise Capital Series Trust $11,184,317 0.27% 266,738 $-565,577 Down ×4
BWA BorgWarner Inc. Common Stock $10,942,264 0.27% 164,793 $1,727,161 Down ×4
XLI SELECT SECTOR SPDR TRUST $10,844,478 0.26% 58,546 $1,293,025 Down ×2
VTR Ventas, Inc. Common Stock $10,646,403 0.26% 119,892 $1,061,911 Up ×6
ASML ASML Holding N.V. - New York Registry Shares $10,265,173 0.25% 5,160 $3,703,176 Up ×4
AJG Arthur J. Gallagher & Co. Common Stock $10,119,080 0.25% 44,078 $624,602 Up ×2
LDOS Leidos Holdings, Inc. Common Stock $10,115,771 0.25% 98,238 $-5,141,341 Up ×2
XLE SELECT SECTOR SPDR TRUST $9,949,362 0.24% 187,335 $-1,480,045 Up ×1
MRK Merck & Company, Inc. Common Stock (new) $9,784,005 0.24% 76,140 $227,201 Down ×2
USB U.S. Bancorp Common Stock $9,748,196 0.24% 161,394 $1,062,631 Down ×1
ACN Accenture plc Class A Ordinary Shares (Ireland) $9,648,324 0.23% 77,534 $-5,574,753 Up ×2
DECK Deckers Outdoor Corporation Common Stock $9,492,931 0.23% 95,608 $53,008 Up ×2
FCX Freeport-McMoRan, Inc. Common Stock $9,181,116 0.22% 145,988 $980,887 Up ×3
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $9,120,914 0.22% 12,968 $1,059,859 Down ×1
WMT Walmart Inc. - Common Stock $9,010,969 0.22% 79,560 $-1,112,507 Down ×5
EMR Emerson Electric Company Common Stock $8,919,966 0.22% 62,312 $485,159 Down ×6
QQQ Invesco QQQ Trust, Series 1 $8,868,466 0.22% 12,043 $1,917,485
PSIX Power Solutions International, Inc. - Common Stock $8,555,800 0.21% 220,000 $-4,837,800
INTC Intel Corporation - Common Stock $8,211,501 0.20% 58,809 $5,434,486 Down ×6
MCK McKesson Corporation Common Stock $8,168,232 0.20% 10,810 $-931,722 Up ×3
TSLA Tesla, Inc. - Common Stock $8,114,797 0.20% 19,293 $1,168,687 Up ×6
SYK Stryker Corporation Common Stock $7,770,566 0.19% 24,681 $-567,737 Down ×6
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF $7,532,343 0.18% 78,104 $-1,782 Down ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
NVDA $196,088,208 4.76% up ×6
AMZN $140,057,211 3.40% up ×4
VTI $124,383,640 3.02% up ×6
VOT $87,646,722 2.13% up ×3
VCSH $86,595,144 2.10% up ×6
VCIT $75,905,964 1.84% up ×6
MU $48,185,719 1.17% up ×3
AMGN $29,830,989 0.72% up ×4
JCI $29,313,629 0.71% up ×4
C $29,059,181 0.70% up ×4
SCHW $24,413,763 0.59% up ×4
LIN $23,794,170 0.58% up ×4
VLO $21,413,391 0.52% up ×4
TMO $18,755,875 0.45% up ×4
LH $18,021,080 0.44% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
DELL $6,305,147 14,614 0.15%
Unknown issuer (CUSIP: 314352105) $1,272,930 8,430 0.03%
CW $391,004 516 0.01%
Unknown issuer (CUSIP: 84615Q103) $368,203 2,155 0.01%
KLAC $356,017 1,180 0.01%
SMH $341,720 521 0.01%
EFV $320,209 4,183 0.01%
MRVL $271,378 911 0.01%
VV $265,499 772 0.01%
ANET $253,800 1,494 0.01%
HACK $253,091 2,412 0.01%
EWX $245,579 3,305 0.01%
AIRR $233,188 1,750 0.01%
USXF $225,504 3,247 0.01%
CRWD $223,601 293 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
GOOG Bought more +2K +$37.4M
AMAT Trimmed -42K +$35.8M
AAPL Trimmed -6K +$32.5M
NVDA Bought more +25K +$29.5M
CAT Trimmed -4K +$28.3M
AVGO Trimmed -62 +$19.9M
AMZN Bought more +5K +$18.7M
VOT Bought more +13K +$17.5M
APH Bought more +57K +$17.0M
VTI Bought more +1K +$16.9M

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
DFS June 30, 2025 96,742 $16,513,992 No longer tracked
TPYP (filed as TPYPXXXX) June 30, 2025 294,483 $10,710,337 21.4%
HON June 30, 2026 21,098 $4,768,782 -4.4%
LULU Dec. 31, 2025 7,062 $1,256,548 -54.5%
BOXX June 30, 2026 9,600 $1,116,384
CMA March 31, 2026 8,632 $750,381 No longer tracked
NFRA June 30, 2025 9,767 $562,970
ALL June 30, 2025 2,483 $514,155 11.1%
SCHA Dec. 31, 2025 18,270 $509,733 16.3%
EFG March 31, 2026 3,606 $410,796
SF March 31, 2026 3,006 $376,411 -4.9%
PPG Sept. 30, 2025 3,287 $373,897 0.0%
TFLO June 30, 2026 7,332 $371,219
DD Dec. 31, 2025 4,206 $327,648 223.3%
MGC March 31, 2026 1,200 $301,404
GRND June 30, 2025 16,805 $300,810 -40.8%
INTU June 30, 2026 648 $280,184 7.7%
CXT Dec. 31, 2025 4,073 $273,176 3.6%
FNDX June 30, 2025 11,350 $267,974 30.4%
IGE June 30, 2025 5,774 $262,544 41.9%
TD March 31, 2026 2,782 $262,065 26.3%
FISV June 30, 2026 4,641 $258,967 -9.6%
IMO March 31, 2026 2,990 $258,067 No longer tracked
PYPL March 31, 2026 4,350 $253,954 16.7%
RACE Dec. 31, 2025 523 $253,770 5.1%
ANET March 31, 2026 1,921 $251,708 68.9%
PGR Dec. 31, 2025 1,000 $246,950 -7.6%
ISRG March 31, 2026 436 $246,931 -15.0%
FMBH March 31, 2026 6,303 $245,817 21.3%
NLY March 31, 2026 10,916 $244,082 -12.5%
BND Sept. 30, 2025 3,297 $242,758
YUMC March 31, 2026 5,054 $241,277 -18.0%
SAP March 31, 2026 988 $239,995 21.8%
FMNB March 31, 2026 17,929 $238,814 16.6%
DOW June 30, 2026 5,660 $235,741 2.2%
SOLV March 31, 2026 2,974 $235,660 34.5%
BKNG March 31, 2026 44 $235,632 -5.6%
UPS June 30, 2025 2,130 $234,281 -7.8%
BSX June 30, 2026 3,700 $232,180 -0.2%
IGV March 31, 2026 2,190 $231,461 32.4%
HEES June 30, 2025 2,438 $231,099 No longer tracked
PPL June 30, 2025 6,346 $229,155 -3.2%
ZTS Dec. 31, 2025 1,555 $227,528 -44.6%
TY Dec. 31, 2025 6,641 $225,794 5.0%
MET June 30, 2026 3,168 $224,042 11.6%
MRSH June 30, 2026 1,291 $223,924 2.0%
BAX Sept. 30, 2025 7,377 $223,375 3.2%
K Dec. 31, 2025 2,720 $223,094 No longer tracked
SCHX June 30, 2025 10,091 $222,809 24.3%
GM March 31, 2026 2,730 $222,002 5.1%
EFV Sept. 30, 2025 3,489 $221,482
SNPS March 31, 2026 469 $220,299 23.6%
CTAS March 31, 2026 1,170 $220,044 14.1%
NOW Dec. 31, 2025 238 $219,028 -12.3%
SCCO March 31, 2026 1,523 $218,505 22.3%
SPYM June 30, 2026 2,808 $214,925 3.1%
LYB Dec. 31, 2025 4,371 $214,346 35.3%
SAP Sept. 30, 2025 703 $213,783 -21.9%
APP March 31, 2026 317 $213,601 -32.6%
UPS March 31, 2026 2,139 $212,167 -5.4%
ISRG Sept. 30, 2025 390 $211,930 -12.4%
OXY June 30, 2026 3,259 $211,835 19.6%
ET March 31, 2026 12,816 $211,336 6.1%
HACK Dec. 31, 2025 2,412 $209,362
RSP Dec. 31, 2025 1,092 $207,153 10.2%
WGO June 30, 2025 6,000 $206,760 -9.3%
O March 31, 2026 3,658 $206,202 -11.5%
TROW March 31, 2026 2,000 $204,759 16.1%
GPN Dec. 31, 2025 2,461 $204,459 1.3%
FAST June 30, 2025 2,601 $201,708 20.8%
GEHC March 31, 2026 2,456 $201,438 -9.7%
TQQQ March 31, 2026 3,794 $200,020
WBA Sept. 30, 2025 15,988 $183,544 No longer tracked
AAL Dec. 31, 2025 14,015 $157,529 -15.6%
HLN March 31, 2026 12,645 $127,840 -12.1%
ACEL Dec. 31, 2025 10,000 $110,700 -5.0%
VKI Dec. 31, 2025 11,272 $98,855 No longer tracked
MPT June 30, 2026 11,347 $52,537 -29.2%
LAB June 30, 2026 15,594 $14,335 -9.2%
SCLX (filed as SCLXXXXX) June 30, 2025 15,306 $3,804 -31.1%