Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +39.1%
S&P 500 total return (same window) +37.0%
Excess return +2.1%

Annualized: +30.3% · 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: 95.8% · Options excluded: 0.0%

Sector breakdown

04
Technology 42.1%
Communication Services 11.2%
Retail 8.7%
Financials 7.8%
Energy 7.5%
Consumer Staples 3.7%
Healthcare 3.1%
Industrials 2.7%
Materials 0.9%
Consumer Discretionary 0.7%
Real Estate 0.1%
Consumer products 0.1%
Utilities 0.0%
Other/Unmapped 11.4%

Full portfolio 149 positions

05
Type Streak 8Q trend
NVDA NVIDIA Corporation - Common Stock $106,588,564 13.61% 532,703 $11,976,732 Down ×3
AAPL Apple Inc. - Common Stock $78,453,914 10.02% 271,129 $8,543,653 Down ×5
GOOGL Alphabet Inc. - Class A Common Stock $47,690,685 6.09% 133,449 $9,201,917 Down ×1
AMD Advanced Micro Devices, Inc. - Common Stock $31,954,697 4.08% 55,008 $21,143,817 Up ×2
AMZN Amazon.com, Inc. - Common Stock $25,331,967 3.23% 106,285 $3,070,612 Down ×1
PANW Palo Alto Networks, Inc. - Common Stock $23,683,498 3.02% 69,449 $12,465,587 Down ×3
MSFT Microsoft Corporation - Common Stock $18,371,803 2.35% 49,252 $-351,619 Down ×3
META Meta Platforms, Inc. - Class A Common Stock $17,906,193 2.29% 31,789 $-686,080 Down ×1
WMB Williams Companies, Inc. (The) Common Stock $16,814,444 2.15% 226,183 $336,688 Down ×2
PM Philip Morris International Inc Common Stock $16,215,144 2.07% 89,631 $820,006 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $15,240,044 1.95% 43,133 $2,850,510 Down ×4
QQQ Invesco QQQ Trust, Series 1 $15,138,169 1.93% 20,557 $2,956,789 Down ×1
V Visa Inc. $14,898,258 1.90% 43,424 $1,783,849 Up ×1
LLY Eli Lilly and Company Common Stock $13,675,487 1.75% 11,402 $3,532,581 Up ×2
ORLY O'Reilly Automotive, Inc. - Common Stock $13,082,397 1.67% 142,061 $-111,471 Down ×2
SPY SPY $12,857,310 1.64% 17,217 $1,512,631 Down ×1
AVGO Broadcom Inc. - Common Stock $11,822,014 1.51% 31,296 $2,332,169 Up ×5
COST Costco Wholesale Corporation - Common Stock $11,736,301 1.50% 12,546 $-697,041 Up ×1
JPM JP Morgan Chase & Co. Common Stock $11,590,817 1.48% 35,410 $1,063,658 Down ×1
XOM Exxon Mobil Corporation Common Stock $11,173,134 1.43% 81,723 $-2,708,234 Down ×5
MRVL Marvell Technology, Inc. - Common Stock $11,031,462 1.41% 37,032 $8,204,278 Up ×1
AMAT Applied Materials, Inc. - Common Stock $10,114,047 1.29% 13,989 $5,124,597 Down ×1
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $9,817,796 1.25% 12,865 $4,818,596 Up ×1
IWF iShares Trust $9,183,737 1.17% 73,961 $1,471,440 Up ×2
IWD iShares Trust $8,965,061 1.14% 36,980 $1,346,871 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $8,446,781 1.08% 17,687 $3,179,154 Up ×2
MA Mastercard Incorporated Common Stock $7,703,158 0.98% 14,998 $35,695 Down ×2
IWR iShares Trust $7,165,210 0.91% 64,949 $1,083,217 Up ×1
EPD Enterprise Products Partners L.P. Common Stock $6,751,728 0.86% 183,670 $-198,364
ABBV AbbVie Inc. Common Stock $6,597,005 0.84% 26,216 $828,509 Down ×1
WMT Walmart Inc. - Common Stock $6,408,977 0.82% 56,586 $-747,455 Down ×1
TJX TJX Companies, Inc. (The) Common Stock $6,196,154 0.79% 40,899 $-345,590 Down ×2
SHW Sherwin-Williams Company (The) Common Stock $6,181,943 0.79% 17,954 $215,698 Down ×1
MO Altria Group, Inc. $5,846,729 0.75% 81,261 $368,107 Down ×1
VOO VANGUARD INDEX FUNDS $5,785,530 0.74% 8,424 $743,540 Down ×2
USMV iShares Trust $5,479,700 0.70% 56,808 $10,729 Down ×1
CAT Caterpillar, Inc. Common Stock $5,045,496 0.64% 4,738 $1,653,390 Down ×2
FFIN First Financial Bankshares, Inc. - Common Stock $4,819,261 0.62% 139,285 $618,042 Down ×1
HD Home Depot, Inc. (The) Common Stock $4,656,320 0.59% 13,203 $-1,273,132 Down ×3
GS Goldman Sachs Group, Inc. (The) Common Stock $4,589,986 0.59% 4,538 $792,858 Up ×1
NFLX Netflix, Inc. - Common Stock $4,466,998 0.57% 62,563 $-2,085,336 Down ×2
QUAL iShares Trust $4,451,869 0.57% 20,288 $524,879 Down ×1
RY Royal Bank Of Canada Common Stock $4,429,365 0.57% 21,401 $967,111
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $4,379,914 0.56% 8,753 $32,612 Down ×4
ET Energy Transfer LP Common Units $3,610,965 0.46% 188,858 $-33,994
SPSM SPDR SERIES TRUST $3,484,479 0.44% 60,421 $570,880 Up ×2
KO Coca-Cola Company (The) Common Stock $3,419,817 0.44% 42,080 $-950,829 Down ×4
MS Morgan Stanley Common Stock $3,127,777 0.40% 14,963 $665,386
PWR Quanta Services, Inc. Common Stock $3,025,608 0.39% 4,202 $693,371 Down ×4
SBLK Star Bulk Carriers Corp. - Common Shares $3,023,168 0.39% 121,072 $394,826 Up ×2
CVX Chevron Corporation Common Stock $2,910,238 0.37% 17,557 $-684,430 Up ×2
ARM Arm Holdings plc - American Depositary Shares $2,906,410 0.37% 8,197 Up ×1
KKR KKR & Co. Inc. Common Stock $2,902,386 0.37% 31,623 $-101,117 Down ×2
MU Micron Technology, Inc. - Common Stock $2,891,496 0.37% 2,505 Up ×1
CRDO Credo Technology Group Holding Ltd - Ordinary Shares $2,890,557 0.37% 10,629 Up ×1
MCD McDonald's Corporation Common Stock $2,842,816 0.36% 10,517 $-2,043,696 Down ×4
IWB iShares Trust $2,762,078 0.35% 6,745 $331,408 Down ×2
MDLZ Mondelez International, Inc. - Class A Common Stock $2,723,570 0.35% 47,088 $9,418
MPLX MPLX LP Common Units Representing Limited Partner Interests $2,632,245 0.34% 46,729 $-34,579
USAC USA Compression Partners, LP Common Units Representing Limited Partner Interests $2,431,179 0.31% 92,125 $-67,251
ESGD iShares ESG Aware MSCI EAFE ETF $2,400,819 0.31% 23,352 $151,167 Down ×1
FTAI FTAI Aviation Ltd. - Common Stock $2,285,167 0.29% 8,447 $215,652
INTC Intel Corporation - Common Stock $2,210,901 0.28% 15,834 $1,699,478 Up ×1
WES Western Midstream Partners, LP Common Units Representing Limited Partner Interests $2,182,880 0.28% 49,883 $129,197
TSLA Tesla, Inc. - Common Stock $2,105,944 0.27% 5,007 $307,789 Up ×3
DELL Dell Technologies Inc. Class C Common Stock $2,035,628 0.26% 4,718 $1,552,101 Up ×1
EFA iShares Trust $1,978,395 0.25% 19,045 $641,109 Up ×2
TRGP Targa Resources, Inc. Common Stock $1,653,351 0.21% 6,166 $107,350
TXN Texas Instruments Incorporated - Common Stock $1,631,635 0.21% 5,474 $568,913
PSX Phillips 66 Common Stock $1,626,796 0.21% 9,623 $-126,352
HESM Hess Midstream LP Class A Representing Limited Partner Interests $1,588,976 0.20% 42,260 $-53,670
VICR Vicor Corporation - Common Stock $1,514,563 0.19% 3,988 $926,108 Up ×1
IVW iShares Trust $1,499,352 0.19% 10,902 $244,962 Down ×1
LRCX Lam Research Corporation - Common Stock $1,484,589 0.19% 3,426 $752,590
ODFL Old Dominion Freight Line, Inc. - Common Stock $1,462,050 0.19% 6,750 $143,100
ENB Enbridge Inc Common Stock $1,423,771 0.18% 26,264 $1,838
UNP Union Pacific Corporation Common Stock $1,281,664 0.16% 4,712 $126,065 Down ×1
EQT EQT Corporation Common Stock $1,164,636 0.15% 21,904 $-343,059 Down ×1
CSCO Cisco Systems, Inc. - Common Stock $1,062,426 0.14% 9,045 $360,624
MRK Merck & Company, Inc. Common Stock (new) $1,037,124 0.13% 8,071 $66,263
OKE ONEOK, Inc. Common Stock $967,990 0.12% 11,134 $-661,019 Down ×1
SNDK Sandisk Corporation - Common Stock $957,240 0.12% 421 Up ×1
SPG Simon Property Group, Inc. Common Stock $910,004 0.12% 4,069 $152,599 Up ×1
COP ConocoPhillips Common Stock $867,848 0.11% 8,348 $-282,889 Down ×3
QXO QXO, Inc. Common Stock $806,527 0.10% 46,674 $-68,519 Up ×3
GLW Corning Incorporated Common Stock $768,844 0.10% 3,010 Up ×1
AMGN Amgen Inc. - Common Stock $751,037 0.10% 2,074 $21,300
QCOM QUALCOMM Incorporated - Common Stock $721,688 0.09% 3,905 $203,677 Down ×1
HCA HCA Healthcare, Inc. Common Stock $717,008 0.09% 1,839 $-153,280
NAD Nuveen Quality Municipal Income Fund Common Stock $692,585 0.09% 57,144 $35,429
IYH iShares Trust $674,121 0.09% 10,060 $54,023
C Citigroup, Inc. Common Stock $603,647 0.08% 4,313 $80,487 Down ×1
IBM International Business Machines Corporation Common Stock $573,950 0.07% 2,041 $79,232
PG Procter & Gamble Company (The) Common Stock $571,309 0.07% 3,896 $-678,819 Down ×1
HDV iShares Trust $570,402 0.07% 20,810 $-68,703 Up ×2
ASO Academy Sports and Outdoors, Inc. - Common Stock $532,192 0.07% 11,292 $-1,218,605 Down ×6
IJR iShares Trust $530,505 0.07% 3,577 $85,848
IYF iShares Trust $525,596 0.07% 4,122 $40,601
IYR iShares Trust $523,316 0.07% 5,118 $39,358
JNJ Johnson & Johnson Common Stock $519,877 0.07% 2,047 $-79,734 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
AVGO $11,822,014 1.51% up ×5
TSLA $2,105,944 0.27% up ×3
QXO $806,527 0.10% up ×3
ORCL $204,517 0.03% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
ARM $2,906,410 8,197 0.37%
MU $2,891,496 2,505 0.37%
CRDO $2,890,557 10,629 0.37%
SNDK $957,240 421 0.12%
GLW $768,844 3,010 0.10%
FTNT $322,602 2,100 0.04%
FEZ $213,732 3,112 0.03%
LYV $208,196 1,137 0.03%
EMR $207,568 1,450 0.03%
APO $206,467 1,745 0.03%
IJT $206,462 1,156 0.03%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AMD Bought more +2K +$21.1M
PANW Trimmed -523 +$12.5M
NVDA Trimmed -10K +$12.0M
GOOGL Trimmed -397 +$9.2M
AAPL Trimmed -4K +$8.5M
MRVL Bought more +8K +$8.2M
AMAT Trimmed -609 +$5.1M
CRWD Bought more +60 +$4.8M
LLY Bought more +374 +$3.5M
TSM Bought more +2K +$3.2M

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
CMG Sept. 30, 2025 92,282 $5,181,634 -17.4%
NOW March 31, 2026 32,070 $4,912,803 28.5%
UNH June 30, 2025 4,013 $2,101,661 19.2%
COIN June 30, 2026 4,849 $846,684 25.2%
BMNR June 30, 2026 33,711 $666,804 97.4%
CRGY June 30, 2026 48,298 $652,023 36.4%
TPL June 30, 2026 1,357 $643,978 -22.3%
CRM June 30, 2026 1,892 $353,180 49.8%
TGT Sept. 30, 2025 3,307 $326,236 73.9%
APO March 31, 2026 2,215 $320,664 2.3%
BMY June 30, 2025 4,008 $244,448 32.1%
ACN Sept. 30, 2025 745 $222,673 -19.3%
FTNT Sept. 30, 2025 2,100 $222,012 115.2%
NKE Dec. 31, 2025 3,127 $218,046 -46.8%
UBER Dec. 31, 2025 2,123 $207,990 -16.6%
WM Dec. 31, 2025 937 $206,918 -6.9%
EMR Dec. 31, 2025 1,575 $206,608 21.8%
HON June 30, 2025 960 $203,280 -2.5%
BX March 31, 2026 1,302 $200,690 -2.8%
FEZ March 31, 2026 3,112 $200,382
FANG Sept. 30, 2025 1,456 $200,054 29.1%