Performance vs S&P 500

03
Tracked Q3 2025–Q2 2026 +12.4%
S&P 500 total return (same window) +13.0%
Excess return -0.6%

Annualized: +16.9% · S&P 500: +17.7%

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: 88.3% · Options excluded: 0.0%

Sector breakdown

04
Technology 20.1%
Financials 10.0%
Industrials 8.2%
Communication Services 7.1%
Retail 6.9%
Healthcare 6.9%
Energy 2.8%
Utilities 2.7%
Consumer Discretionary 1.4%
Consumer Staples 1.4%
Consumer products 1.2%
Materials 0.9%
Real Estate 0.4%
Other/Unmapped 30.0%

Full portfolio 811 positions

05
Type Streak 8Q trend
AAPL Apple Inc. - Common Stock $71,945,603 5.82% 248,637 $8,189,748 Down ×1
NVDA NVIDIA Corporation - Common Stock $62,254,802 5.03% 311,134 $5,766,816 Down ×1
SPY SPY $46,617,864 3.77% 62,426 $5,892,272 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $42,226,482 3.41% 118,159 $7,132,660 Down ×3
AMZN Amazon.com, Inc. - Common Stock $31,674,909 2.56% 132,898 $3,528,260 Down ×1
MSFT Microsoft Corporation - Common Stock $28,589,745 2.31% 76,644 $209,922 Down ×1
LLY Eli Lilly and Company Common Stock $25,847,716 2.09% 21,550 $5,859,275 Down ×1
IVV iShares Trust $23,593,031 1.91% 31,504 $3,815,792 Up ×3
VOO Vanguard S&P 500 ETF $22,468,302 1.82% 32,714 $544,192 Down ×2
JPM JP Morgan Chase & Co. Common Stock $21,836,184 1.77% 66,710 $2,233,656 Up ×2
CAT Caterpillar, Inc. Common Stock $18,670,892 1.51% 17,533 $5,667,817 Down ×3
RSP Invesco Exchange-Traded Fund Trust $17,293,946 1.40% 81,280 $2,249,913 Up ×3
HD Home Depot, Inc. (The) Common Stock $16,451,111 1.33% 46,646 $858,107 Down ×3
VTI Vanguard Morningstar Total Stock Market ETF $16,189,620 1.31% 43,751 $1,959,772 Down ×1
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF $15,758,167 1.27% 300,671 $799,749 Up ×3
AGG iShares Trust $15,730,001 1.27% 158,921 $1,265,866 Up ×3
COST Costco Wholesale Corporation - Common Stock $15,521,319 1.26% 16,592 $-339,854 Up ×3
NEE NextEra Energy, Inc. Common Stock $15,253,812 1.23% 173,793 $-1,039,383 Down ×3
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $15,192,144 1.23% 21,600 $1,875,679 Up ×2
IJR iShares Trust $15,041,452 1.22% 101,419 $2,894,500 Up ×3
JNJ Johnson & Johnson Common Stock $14,345,496 1.16% 56,485 $148,176 Down ×1
IJH iShares Trust $14,113,520 1.14% 183,031 $2,503,965 Up ×3
QQQ Invesco QQQ Trust, Series 1 $14,085,859 1.14% 19,128 $3,066,916 Up ×1
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF $13,298,508 1.08% 250,113 $216,393 Up ×3
MA Mastercard Incorporated Common Stock $12,299,693 0.99% 23,948 $399,291 Up ×3
BLK BlackRock, Inc. Common Stock $11,599,298 0.94% 12,063 $110,710 Up ×1
WMT Walmart Inc. - Common Stock $11,478,788 0.93% 101,349 $-1,529,475 Down ×3
IEFA iShares Core MSCI EAFE ETF $10,764,324 0.87% 111,455 $1,895,643 Up ×3
TSM Taiwan Semiconductor Manufacturing Company Ltd. $10,524,210 0.85% 22,037 $3,257,947 Up ×3
XOM Exxon Mobil Corporation Common Stock $10,476,443 0.85% 76,627 $382,182 Up ×2
V Visa Inc. $10,469,734 0.85% 30,516 $914,719 Down ×3
AVGO Broadcom Inc. - Common Stock $10,457,253 0.85% 27,683 $1,871,445 Down ×3
PWR Quanta Services, Inc. Common Stock $10,276,411 0.83% 14,272 $2,771,308 Up ×3
VO Vanguard Morningstar Mid-Cap ETF $10,184,934 0.82% 126,411 $929,984 Up ×3
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $10,152,413 0.82% 20,289 $140,967 Down ×1
AMAT Applied Materials, Inc. - Common Stock $9,899,316 0.80% 13,692 $5,114,256 Down ×1
AMGN Amgen Inc. - Common Stock $9,626,598 0.78% 26,584 $-1,502,769 Down ×1
ANET Arista Networks, Inc. Common Stock $9,569,680 0.77% 56,332 $3,171,737 Up ×3
SJNK SPDR SERIES TRUST $9,226,233 0.75% 368,607 $-125,655 Down ×1
MCD McDonald's Corporation Common Stock $9,194,324 0.74% 34,014 $-1,408,588 Down ×1
VEA Vanguard FTSE Developed Markets ETF $9,174,720 0.74% 128,768 $1,647,114 Up ×3
CVX Chevron Corporation Common Stock $9,057,292 0.73% 54,641 $-2,362,553 Down ×3
CSCO Cisco Systems, Inc. - Common Stock $8,585,621 0.69% 73,094 $2,717,955 Down ×1
PG Procter & Gamble Company (The) Common Stock $8,535,181 0.69% 58,205 $-308,880 Down ×2
MRVL Marvell Technology, Inc. - Common Stock $7,316,178 0.59% 24,560 $5,100,132 Up ×3
ABBV AbbVie Inc. Common Stock $6,811,895 0.55% 27,070 $1,263,073 Up ×2
EMXC iShares MSCI Emerging Markets ex China ETF $6,690,011 0.54% 65,396 $1,998,965 Up ×3
IBM International Business Machines Corporation Common Stock $6,377,843 0.52% 22,680 $1,445,934 Up ×3
XLK SELECT SECTOR SPDR TRUST $6,327,360 0.51% 33,211 $1,989,504 Up ×1
AXP American Express Company Common Stock $6,301,936 0.51% 18,631 $659,474 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $6,027,104 0.49% 17,058 $869,361 Down ×3
META Meta Platforms, Inc. - Class A Common Stock $5,934,260 0.48% 10,535 $253,009 Up ×3
UNP Union Pacific Corporation Common Stock $5,887,168 0.48% 21,644 $223,447 Down ×3
BX Blackstone Inc. Common Stock $5,740,413 0.46% 48,784 $-1,268 Down ×1
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $5,241,950 0.42% 7 $-503,170 Down ×1
PANW Palo Alto Networks, Inc. - Common Stock $5,216,583 0.42% 15,297 $2,798,957 Up ×2
NOBL ProShares Trust $5,005,709 0.40% 89,133 $266,108 Up ×1
BAC Bank of America Corporation Common Stock $4,969,055 0.40% 87,207 $813,751 Up ×2
ORCL Oracle Corporation Common Stock $4,852,857 0.39% 33,114 $506,933 Up ×3
MRK Merck & Company, Inc. Common Stock (new) $4,558,410 0.37% 35,474 $112,491 Down ×3
CMI Cummins Inc. Common Stock $4,514,619 0.37% 6,330 $1,031,478 Down ×3
KO Coca-Cola Company (The) Common Stock $4,336,567 0.35% 53,360 $186,138 Down ×1
NFLX Netflix, Inc. - Common Stock $4,316,701 0.35% 60,458 $-1,559,891 Down ×1
PM Philip Morris International Inc Common Stock $4,194,579 0.34% 23,186 $72,322 Down ×3
AMD Advanced Micro Devices, Inc. - Common Stock $4,128,527 0.33% 7,107 $2,305,998 Down ×1
DUK Duke Energy Corporation (Holding Company) Common Stock $4,094,610 0.33% 32,348 $-281,405 Down ×1
RTX RTX Corporation Common Stock $4,060,412 0.33% 21,401 $-15,758 Up ×1
EMR Emerson Electric Company Common Stock $4,057,873 0.33% 28,347 $339,525 Down ×3
GLW Corning Incorporated Common Stock $3,991,349 0.32% 15,626 $1,830,378 Down ×1
BSV VANGUARD BOND INDEX FUNDS $3,976,916 0.32% 51,045 $533,698 Up ×3
TMUS T-Mobile US, Inc. - Common Stock $3,968,660 0.32% 23,661 $-807,002 Up ×3
MS Morgan Stanley Common Stock $3,950,020 0.32% 18,896 $885,891 Up ×1
ABT Abbott Laboratories Common Stock $3,834,128 0.31% 42,254 $-1,057,687 Down ×3
PEP PepsiCo, Inc. - Common Stock $3,826,269 0.31% 28,259 $-762,706 Down ×3
DIA State Street SPDR Dow Jones Industrial Average ETF Trust $3,786,805 0.31% 7,249 $421,266 Down ×3
URI United Rentals, Inc. Common Stock $3,769,125 0.30% 3,327 $1,457,404 Up ×3
TJX TJX Companies, Inc. (The) Common Stock $3,446,171 0.28% 22,747 $775,348 Up ×1
SYK Stryker Corporation Common Stock $3,347,064 0.27% 10,631 $-308,171 Down ×3
TT Trane Technologies plc $3,313,857 0.27% 6,747 $700,064 Up ×3
VUG Vanguard Morningstar Growth ETF $3,287,705 0.27% 38,167 $349,419 Up ×1
LMT Lockheed Martin Corporation Common Stock $3,257,487 0.26% 6,394 $-309,623 Up ×2
TXN Texas Instruments Incorporated - Common Stock $3,218,560 0.26% 10,798 $1,331,519 Up ×3
WRB W.R. Berkley Corporation Common Stock $3,189,296 0.26% 45,219 $55,843 Down ×1
PSX Phillips 66 Common Stock $3,186,931 0.26% 18,852 $-197,063 Up ×3
VLO Valero Energy Corporation Common Stock $3,089,339 0.25% 11,862 $107,578 Down ×3
VIG Vanguard Div Appreciation ETF $3,085,525 0.25% 13,040 $285,874 Up ×1
WM Waste Management, Inc. Common Stock $3,067,943 0.25% 13,765 $-11,013 Up ×3
SO Southern Company (The) Common Stock $2,996,776 0.24% 31,311 $6,876 Up ×3
SCHD SCHWAB STRATEGIC TRUST $2,939,707 0.24% 92,706 $223,238 Up ×1
PH Parker-Hannifin Corporation Common Stock $2,916,754 0.24% 2,982 $-317,748 Down ×3
IWF iShares Russell 1000 Growth Fund $2,806,366 0.23% 22,601 $606,568 Up ×1
DGX Quest Diagnostics Incorporated Common Stock $2,790,322 0.23% 13,165 $264,336 Up ×3
ADI Analog Devices, Inc. - Common Stock $2,782,573 0.23% 7,006 $706,391 Up ×3
GPC Genuine Parts Company Common Stock $2,735,956 0.22% 23,190 $20,825 Down ×3
SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) $2,729,718 0.22% 35,204 $-372,762 Up ×3
AMP Ameriprise Financial, Inc. Common Stock $2,685,122 0.22% 5,853 $62,718 Down ×1
CSX CSX Corporation - Common Stock $2,677,460 0.22% 56,332 $517,532 Up ×3
ED Consolidated Edison, Inc. Common Stock $2,658,992 0.22% 24,035 $125,345 Up ×1
QCOM QUALCOMM Incorporated - Common Stock $2,644,160 0.21% 14,309 $712,975 Down ×3
KLAC KLA Corporation - Common Stock $2,496,952 0.20% 8,276 $1,285,159 Up ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
IVV $23,593,031 1.91% up ×3
RSP $17,293,946 1.40% up ×3
IGSB $15,758,167 1.27% up ×3
AGG $15,730,001 1.27% up ×3
COST $15,521,319 1.26% up ×3
IJR $15,041,452 1.22% up ×3
IJH $14,113,520 1.14% up ×3
IGIB $13,298,508 1.08% up ×3
MA $12,299,693 0.99% up ×3
IEFA $10,764,324 0.87% up ×3
TSM $10,524,210 0.85% up ×3
PWR $10,276,411 0.83% up ×3
VO $10,184,934 0.82% up ×3
ANET $9,569,680 0.77% up ×3
VEA $9,174,720 0.74% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 43849R105) $2,463,494 11,143 0.20%
Unknown issuer (CUSIP: 26614N201) $1,960,676 14,455 0.16%
NTAP $631,421 4,080 0.05%
HOOD $274,366 2,736 0.02%
COHR $118,341 300 0.01%
CTRE $111,527 2,764 0.01%
APA $99,176 3,045 0.01%
CRS $92,526 150 0.01%
CIEN $88,301 180 0.01%
SATS $76,125 750 0.01%
SMH $65,589 100 0.01%
STRL $62,952 75 0.01%
USFR $55,385 1,100 0.00%
SOXX $48,057 75 0.00%
Unknown issuer (CUSIP: 314352105) $40,921 271 0.00%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AAPL Trimmed -3K +$8.2M
GOOGL Trimmed -4K +$7.1M
SPY Trimmed -196 +$5.9M
LLY Trimmed -182 +$5.9M
NVDA Trimmed -13K +$5.8M
CAT Trimmed -821 +$5.7M
AMAT Trimmed -308 +$5.1M
MRVL Bought more +2K +$5.1M
IVV Bought more +1K +$3.8M
AMZN Trimmed -2K +$3.5M

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
HON June 30, 2026 23,291 $5,264,465 -4.4%
DD June 30, 2026 42,441 $1,943,798 -3.6%
BXSL March 31, 2026 47,000 $1,237,510 -0.7%
UL (filed as ULXXXX) Dec. 31, 2025 6,305 $373,760 -8.3%
COO June 30, 2026 3,850 $275,275 -20.8%
VFVA March 31, 2026 1,396 $185,361
SDVY June 30, 2026 3,900 $153,777
FTCS June 30, 2026 1,300 $120,588
DRI Dec. 31, 2025 500 $95,180 8.5%
DY June 30, 2026 250 $84,705 -45.7%
AIRR June 30, 2026 700 $77,546
BYM March 31, 2026 7,000 $76,580 No longer tracked
BSCP Dec. 31, 2025 3,420 $70,760 No longer tracked
JPSE June 30, 2026 1,301 $68,211
DDWM June 30, 2026 1,304 $57,519
MAA Dec. 31, 2025 364 $50,862 -16.2%
QQQE Dec. 31, 2025 500 $50,805
NXST Dec. 31, 2025 252 $49,830 -22.8%
LAMR Dec. 31, 2025 400 $48,968 13.7%
SPMD June 30, 2026 758 $44,889 -4.5%
JLL Dec. 31, 2025 150 $44,742 -10.1%
ET March 31, 2026 2,627 $43,319 No longer tracked
TSN Dec. 31, 2025 697 $37,847 -11.8%
IWV Dec. 31, 2025 98 $37,136
KSS Dec. 31, 2025 2,153 $33,092 -4.3%
NBIS June 30, 2026 300 $31,128 -15.8%
CP Dec. 31, 2025 400 $29,796 16.5%
STIP June 30, 2026 283 $29,271
BBJP Dec. 31, 2025 434 $28,783
FCVT June 30, 2026 643 $28,406
ZS June 30, 2026 200 $28,058 43.0%
IYJ Dec. 31, 2025 170 $24,799 5.7%
FALN June 30, 2026 850 $22,712
HPE March 31, 2026 928 $22,291 187.1%
ANGL June 30, 2026 775 $22,258
SRLN June 30, 2026 546 $21,916
K Dec. 31, 2025 265 $21,735 No longer tracked
MDYV June 30, 2026 255 $21,713 -4.8%
EBAY Dec. 31, 2025 225 $20,464 23.0%
ISTB June 30, 2026 420 $20,353
BFK March 31, 2026 2,000 $20,060 No longer tracked
IQV Dec. 31, 2025 102 $19,374 18.0%
ATKR June 30, 2026 300 $17,673 24.6%
BBCA Dec. 31, 2025 196 $17,097
BBAX Dec. 31, 2025 287 $16,170
WTRG Dec. 31, 2025 400 $15,960 0.8%
EW Dec. 31, 2025 200 $15,554 2.3%
SPDW Dec. 31, 2025 336 $14,377
HOLX Dec. 31, 2025 194 $13,093 No longer tracked
CDNS Dec. 31, 2025 37 $12,997 13.1%
ACHR June 30, 2026 2,500 $12,925 -0.2%
KMX June 30, 2026 300 $12,474 3.7%
PFL June 30, 2026 1,500 $12,000 -13.1%
SFM Dec. 31, 2025 100 $10,880 -18.5%
CCI Dec. 31, 2025 100 $9,649 -24.0%
JOBY June 30, 2026 1,160 $9,582 -35.2%
REGL March 31, 2026 111 $9,348
BCE Dec. 31, 2025 388 $9,075 -17.1%
OWL Dec. 31, 2025 500 $8,465 -40.0%
ZBH Dec. 31, 2025 80 $7,880 1.8%
A June 30, 2026 67 $7,637 29.0%
ZM June 30, 2026 93 $7,476 8.5%
CHTR June 30, 2026 34 $7,340 -24.2%
SMCI Dec. 31, 2025 150 $7,191 47.6%
SCHP Dec. 31, 2025 260 $7,007 -4.6%
BTX June 30, 2026 1,000 $6,600 3.9%
FLG March 31, 2026 500 $6,295 -12.1%
TRP June 30, 2026 100 $6,260 -10.3%
APLD March 31, 2026 250 $6,130 4.0%
SCHC March 31, 2026 134 $6,101
STZ June 30, 2026 40 $6,000 -18.5%
LUV June 30, 2026 150 $5,636 -18.6%
MRNA June 30, 2026 100 $5,080 190.2%
TNA June 30, 2026 89 $3,928 -18.7%
AMC June 30, 2026 3,850 $3,773 46.8%
DTI June 30, 2026 759 $3,286 22.3%
VTRS March 31, 2026 260 $3,237 30.4%
PPG June 30, 2026 24 $2,565 -13.2%
PSTG June 30, 2026 42 $2,480 No longer tracked
JBLU June 30, 2026 550 $2,431 -29.1%
RAL Dec. 31, 2025 50 $2,187 45.3%
WBD Dec. 31, 2025 100 $1,953 7.4%
JIRE Dec. 31, 2025 26 $1,912
KD Dec. 31, 2025 60 $1,802 -56.3%
FAX June 30, 2026 90 $1,298 No longer tracked
VLN Dec. 31, 2025 500 $895 32.4%
NL June 30, 2026 100 $583 17.8%
IRBTQ Dec. 31, 2025 100 $359 No longer tracked
CPB June 30, 2026 12 $267 -13.3%
CHMI Dec. 31, 2025 100 $239 2.0%
AVNS Dec. 31, 2025 12 $139 No longer tracked
SINT Dec. 31, 2025 1 $4 -43.5%