Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +51.3%
S&P 500 total return (same window) +37.0%
Excess return +14.3%

Annualized: +39.3% · 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: 99.2% · Options excluded: 0.0%

Sector breakdown

04
Industrials 25.2%
Technology 23.8%
Consumer Discretionary 22.4%
Communication Services 13.7%
Energy 5.2%
Consumer Staples 4.3%
Retail 3.4%
Real Estate 2.1%

Full portfolio 24 positions

05
Type Streak 8Q trend
ZETA Zeta Global Holdings Corp. Class A Common Stock $81,192,516 11.60% 4,125,636 $9,367,128 Down ×1
UAL United Airlines Holdings, Inc. - Common Stock $58,712,867 8.39% 431,744 $17,016,850 Down ×1
BYD Boyd Gaming Corporation Common Stock $44,215,171 6.32% 500,568 $6,074,940 Up ×2
AS Amer Sports, Inc. Ordinary Shares $39,177,854 5.60% 1,157,738 $15,101,088 Up ×1
GPGI GPGI, Inc. Class A Common Stock $37,144,079 5.31% 2,343,475 $19,020,832 Up ×1
JHX James Hardie Industries plc. Ordinary Shares $36,133,243 5.16% 1,380,185 $13,197,736 Up ×2
TTMI TTM Technologies, Inc. - Common Stock $33,940,016 4.85% 181,478 Up ×1
MSI Motorola Solutions, Inc. Common Stock $32,764,305 4.68% 78,895 $-4,763,251 Down ×1
PRMB Primo Brands Corporation Class A Common Stock $29,912,751 4.27% 1,223,926 $7,775,996 Up ×3
MKSI MKS Inc. - Common Stock $27,073,642 3.87% 60,867 Up ×1
ONON On Holding AG Class A Ordinary Shares $25,659,771 3.67% 724,443 $2,501,234 Up ×3
FIX Comfort Systems USA, Inc. Common Stock $23,989,523 3.43% 12,104 $-6,379,974 Down ×3
GRND Grindr Inc. Common Stock $23,643,924 3.38% 1,645,367 $4,717,621 Up ×2
AMZN Amazon.com, Inc. - Common Stock $23,591,608 3.37% 98,983 $-6,908,076 Down ×1
SNX TD SYNNEX Corporation Common Stock $23,316,860 3.33% 87,218 Up ×1
PUMP ProPetro Holding Corp. Common Stock $22,866,119 3.27% 1,594,569 $11,332,888 Up ×1
ARMK Aramark Common Stock $22,128,922 3.16% 388,909 Up ×1
ASML ASML Holding N.V. - New York Registry Shares $21,119,895 3.02% 10,616 $-11,254,969 Down ×1
RDDT Reddit, Inc. Class A Common Stock $20,628,247 2.95% 118,840 Up ×1
FWRG First Watch Restaurant Group, Inc. - Common Stock $19,368,694 2.77% 1,502,614 $5,136,089 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $18,884,861 2.70% 33,526 $-14,578,451 Down ×1
AMT American Tower Corporation (REIT) Common Stock $14,462,532 2.07% 88,418 $-193,479 Up ×3
SEI Solaris Energy Infrastructure, Inc. Class A Common Stock $13,856,419 1.98% 172,215 Up ×1
LIND Lindblad Expeditions Holdings Inc. - Common Stock $6,331,493 0.90% 224,203 $-8,648,456 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
PRMB $29,912,751 4.27% up ×3
ONON $25,659,771 3.67% up ×3
AMT $14,462,532 2.07% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
TTMI $33,940,016 181,478 4.85%
MKSI $27,073,642 60,867 3.87%
SNX $23,316,860 87,218 3.33%
ARMK $22,128,922 388,909 3.16%
RDDT $20,628,247 118,840 2.95%
SEI $13,856,419 172,215 1.98%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
GPGI Bought more +1.3M +$19.0M
UAL Trimmed -21K +$17.0M
AS Bought more +426K +$15.1M
META Trimmed -25K -$14.6M
JHX Bought more +169K +$13.2M
PUMP Bought more +794K +$11.3M
ASML Trimmed -14K -$11.3M
ZETA Trimmed -386K +$9.4M
LIND Trimmed -642K -$8.6M
PRMB Bought more +48K +$7.8M

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
MSFT March 31, 2026 73,411 $35,503,028 39.8%
ADSK March 31, 2026 103,891 $30,752,775 -11.4%
INTU Sept. 30, 2025 34,548 $27,211,041 -58.8%
DKNG March 31, 2026 756,346 $26,063,683 -14.0%
SKX June 30, 2025 438,221 $24,882,188 No longer tracked
TSM June 30, 2026 73,218 $24,744,023 -1.0%
CNK Sept. 30, 2025 818,011 $24,687,572 28.7%
SN June 30, 2026 232,172 $24,587,015 19.9%
EYE June 30, 2026 793,807 $20,559,601 -13.7%
CPNG March 31, 2026 871,497 $20,558,614 -27.0%
SE Sept. 30, 2025 126,073 $20,164,116 -46.7%
SBUX June 30, 2025 205,442 $20,151,806 3.4%
NKE June 30, 2025 297,891 $18,910,121 -52.3%
CALY June 30, 2026 1,358,453 $18,855,328 -23.1%
T June 30, 2025 646,060 $18,270,577 -16.0%
PLNT March 31, 2026 165,518 $17,953,737 -43.0%
META June 30, 2025 31,061 $17,902,318 -1.4%
WDAY June 30, 2025 75,613 $17,657,904 -22.4%
COHR March 31, 2026 95,053 $17,543,932 41.5%
LULU Sept. 30, 2025 72,108 $17,131,419 -46.9%
WING June 30, 2025 73,165 $16,504,561 -68.3%
ASO March 31, 2026 328,281 $16,400,919 -13.7%
ASO Sept. 30, 2025 365,410 $16,374,022 -2.6%
MNDY Sept. 30, 2025 51,385 $16,159,555 -59.3%
DASH June 30, 2026 100,562 $15,099,384 2.5%
GAP June 30, 2026 617,732 $14,949,114 20.5%
AXON June 30, 2026 34,853 $14,801,721 -26.3%
U Sept. 30, 2025 550,583 $13,324,109 8.9%
GRND Sept. 30, 2025 577,393 $13,106,821 -10.6%
DOCN June 30, 2026 138,359 $11,868,435 -10.8%
NFLX June 30, 2025 11,920 $11,115,758 -95.0%
BIRK March 31, 2026 266,749 $10,910,034 -7.0%
PCOR Dec. 31, 2025 149,579 $10,907,301 -30.0%
COMP June 30, 2026 1,302,526 $9,521,465 -25.2%
WIX Dec. 31, 2025 48,751 $8,659,640 -30.1%
SPOT Sept. 30, 2025 10,852 $8,327,174 -32.3%
GPGI Sept. 30, 2025 580,977 $8,185,966 -38.0%
VRT March 31, 2026 40,123 $6,500,327 0.6%
URBN March 31, 2026 70,425 $5,300,186 27.5%
M March 31, 2026 233,283 $5,143,890 25.6%
BLND Dec. 31, 2025 67,935 $247,963 -66.1%