Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +72.3%
S&P 500 total return (same window) +37.0%
Excess return +35.3%

Annualized: +54.6% · 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: 89.0% · Options excluded: 0.0%

Sector breakdown

04
Technology 41.2%
Industrials 16.0%
Financials 6.5%
Healthcare 4.4%
Communication Services 4.3%
Energy 4.2%
Retail 2.2%
Materials 1.2%
Utilities 1.0%
Consumer Staples 0.9%
Consumer products 0.7%
Consumer Discretionary 0.4%
Real Estate 0.0%
Other/Unmapped 16.9%

Full portfolio 256 positions

05
Type Streak 8Q trend
WDC Western Digital Corporation - Common Stock $28,205,186 4.96% 44,160 $11,694,246 Down ×3
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $25,567,072 4.50% 26,495 $11,890,677 Down ×3
AAPL Apple Inc. - Common Stock $22,436,157 3.95% 77,536 $-111,148 Down ×5
SNDK Sandisk Corporation - Common Stock $21,129,772 3.72% 9,293 $20,853,399 Up ×1
MU Micron Technology, Inc. - Common Stock $20,711,435 3.64% 17,943 $19,987,426 Up ×1
LRCX Lam Research Corporation - Common Stock $18,675,731 3.28% 43,099 $10,245,340 Up ×1
KLAC KLA Corporation - Common Stock $17,890,198 3.15% 59,296 $9,516,603 Up ×2
VICR Vicor Corporation - Common Stock $16,786,276 2.95% 44,200 $9,670,076
FLEX Flex Ltd. - Ordinary Shares $15,819,168 2.78% 97,607 Up ×1
DDOG Datadog, Inc. - Class A Common Stock $15,130,826 2.66% 58,115 Up ×1
MRVL Marvell Technology, Inc. - Common Stock $14,947,233 2.63% 50,177 Up ×1
HWM Howmet Aerospace Inc. Common Stock $13,046,717 2.29% 48,525 $2,670,520 Up ×2
GOOGL Alphabet Inc. - Class A Common Stock $12,731,712 2.24% 35,627 $1,759,885 Down ×2
KEYS Keysight Technologies Inc. Common Stock $12,631,930 2.22% 36,084 $2,626,431 Up ×1
NVDA NVIDIA Corporation - Common Stock $12,101,932 2.13% 60,481 $1,344,129 Down ×1
IVV iShares Trust $11,227,154 1.97% 14,991 $1,200,181 Down ×1
JPM JP Morgan Chase & Co. Common Stock $10,452,935 1.84% 31,933 $1,210,023 Up ×2
JBL Jabil Inc. Common Stock $10,176,287 1.79% 26,399 Up ×1
MSFT Microsoft Corporation - Common Stock $9,875,001 1.74% 26,472 $-1,336,142 Down ×3
DELL Dell Technologies Inc. Class C Common Stock $9,532,191 1.68% 22,093 Up ×1
AMZN Amazon.com, Inc. - Common Stock $8,200,092 1.44% 34,407 $183,571 Down ×2
VLO Valero Energy Corporation Common Stock $7,324,256 1.29% 28,123 $7,067,800 Up ×1
GBFH GBank Financial Holdings Inc. - Common Stock $7,044,804 1.24% 232,425 $826,449 Up ×4
JNJ Johnson & Johnson Common Stock $6,567,816 1.16% 25,860 $-468,132 Down ×3
CVX Chevron Corporation Common Stock $6,047,405 1.06% 36,483 $-1,820,143 Down ×1
CAT Caterpillar, Inc. Common Stock $5,797,595 1.02% 5,445 $1,388,033 Down ×2
GS Goldman Sachs Group, Inc. (The) Common Stock $5,681,381 1.00% 5,617 $664,848 Down ×4
ALAB Astera Labs, Inc. - Common Stock $5,531,062 0.97% 11,451 $4,276,032
AVGO Broadcom Inc. - Common Stock $5,142,817 0.90% 13,614 $941,472 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $4,074,681 0.72% 8,143 $218,079 Up ×2
ABBV AbbVie Inc. Common Stock $3,966,606 0.70% 15,763 $864,539 Up ×2
PG Procter & Gamble Company (The) Common Stock $3,556,350 0.63% 24,253 $122,997 Up ×1
JEPI J.P. Morgan Exchange-Traded Fund Trust $3,379,070 0.59% 59,829 $456,713 Up ×6
GOOG Alphabet Inc. - Class C Capital Stock $3,245,223 0.57% 9,184 $362,392 Down ×2
EMR Emerson Electric Company Common Stock $3,222,387 0.57% 22,511 $319,128 Up ×1
QQQ Invesco QQQ Trust, Series 1 $3,147,347 0.55% 4,274 $410,960 Down ×2
DIS Walt Disney Company (The) Common Stock $3,089,733 0.54% 32,101 $5,761 Up ×2
NEE NextEra Energy, Inc. Common Stock $3,011,041 0.53% 34,306 $-23,534 Up ×2
HEDG Series Portfolios Trust $2,813,340 0.49% 93,778 $93,565 Down ×1
APD Air Products and Chemicals, Inc. Common Stock $2,809,069 0.49% 9,581 $44,846 Up ×2
PEP PepsiCo, Inc. - Common Stock $2,632,003 0.46% 19,439 $-353,748 Up ×2
NUE Nucor Corporation Common Stock $2,495,480 0.44% 11,203 $1,157,052 Up ×1
SPY SPY $2,493,836 0.44% 3,339 $-2,929,968 Down ×3
IWR iShares Trust $2,306,340 0.41% 20,906 $-1,280,724 Down ×1
CSCO Cisco Systems, Inc. - Common Stock $2,251,918 0.40% 19,172 $166,601 Down ×3
AMGN Amgen Inc. - Common Stock $2,228,124 0.39% 6,153 $25,541 Down ×1
VEU VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $2,206,522 0.39% 26,347 $47,222 Down ×1
TTI Tetra Technologies, Inc. Common Stock $2,125,383 0.37% 187,589 $490,105 Down ×3
VBR VANGUARD INDEX FUNDS $2,115,892 0.37% 8,709 $218,997 Down ×1
MTUM iShares Trust $2,111,148 0.37% 6,158 $633,287
LLY Eli Lilly and Company Common Stock $2,097,804 0.37% 1,749 $-524,461 Down ×1
CSX CSX Corporation - Common Stock $2,089,895 0.37% 43,970 $-416,045 Down ×1
RTX RTX Corporation Common Stock $2,070,104 0.36% 10,911 $-306,795 Down ×6
IJH iShares Trust $2,048,367 0.36% 26,565 $221,770 Down ×1
JEPQ JPMorgan Nasdaq Equity Premium Income ETF $2,020,126 0.36% 32,869 $236,879 Up ×6
VTI VANGUARD INDEX FUNDS $2,009,828 0.35% 5,431 $257,119 Down ×1
ET Energy Transfer LP Common Units $1,986,658 0.35% 103,905 $36,309 Up ×1
IVW iShares Trust $1,941,236 0.34% 14,115 $345,031 Up ×3
MRK Merck & Company, Inc. Common Stock (new) $1,936,774 0.34% 15,072 $154,070 Up ×4
VZ Verizon Communications Inc. Common Stock $1,858,606 0.33% 43,897 $-331,423 Up ×2
BAC Bank of America Corporation Common Stock $1,754,876 0.31% 30,798 $-715,838 Down ×1
VUG VANGUARD INDEX FUNDS $1,655,495 0.29% 19,219 $223,859 Up ×3
VWO VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $1,635,805 0.29% 27,405 $128,397 Down ×2
WMT Walmart Inc. - Common Stock $1,525,557 0.27% 13,469 $-282,735 Down ×3
VEA VANGUARD TAX-MANAGED FUNDS $1,520,075 0.27% 21,335 $176,104 Up ×1
VOO VANGUARD INDEX FUNDS $1,518,798 0.27% 2,212 $197,980 Up ×1
VO VANGUARD INDEX FUNDS $1,513,880 0.27% 18,789 $169,086 Up ×5
IWF iShares Trust $1,480,640 0.26% 11,925 $168,637 Up ×1
LIVN LivaNova PLC - Ordinary Shares $1,447,248 0.25% 17,600 $328,592
IYW iShares Trust $1,437,739 0.25% 5,700 $400,203 Down ×1
KO Coca-Cola Company (The) Common Stock $1,415,400 0.25% 17,416 $53,951 Down ×3
BCHT CUSIP: 59833H200 $1,407,721 0.25% 686,693 $103,005
LMT Lockheed Martin Corporation Common Stock $1,303,201 0.23% 2,558 $-234,373 Up ×1
CEG Constellation Energy Corporation - Common Stock When-Issued $1,278,361 0.22% 5,147 $-34,116 Up ×2
TRGP Targa Resources, Inc. Common Stock $1,269,912 0.22% 4,736 $144,136 Up ×2
DVY iShares Select Dividend ETF $1,244,461 0.22% 7,962 $38,934
NVG Nuveen AMT-Free Municipal Credit Income Fund $1,240,650 0.22% 96,926 $249,247 Up ×2
BMY Bristol-Myers Squibb Company Common Stock $1,234,585 0.22% 21,427 $-74,242 Down ×1
IVE iShares Trust $1,208,187 0.21% 5,321 $89,513 Up ×1
VGT VANGUARD WORLD FUND $1,188,355 0.21% 9,943 $321,281 Up ×2
FDX FedEx Corporation Common Stock $1,185,686 0.21% 3,787 $-11,438 Up ×1
INTC Intel Corporation - Common Stock $1,183,012 0.21% 8,473 $522,054 Down ×2
PFE Pfizer, Inc. Common Stock $1,170,418 0.21% 48,605 $-280,756 Down ×1
NOBL ProShares Trust $1,169,668 0.21% 20,827 $87,667 Up ×6
GEV GE Vernova Inc. Common Stock $1,152,884 0.20% 981 $-491,007 Down ×3
SHY iShares 1-3 Year Treasury Bond ETF $1,145,427 0.20% 13,950 $18,997 Up ×6
AMAT Applied Materials, Inc. - Common Stock $1,130,772 0.20% 1,564 $595,529 Down ×3
MEGI NYLI CBRE Global Infrastructure Megatrends Term Fund Common Shares $1,130,568 0.20% 74,378 $94,557 Up ×5
C Citigroup, Inc. Common Stock $1,113,573 0.20% 7,956 $-25,520 Down ×1
VCSH Vanguard Short-Term Corporate Bond ETF $1,033,149 0.18% 13,072 $58,271 Up ×1
IJR iShares Trust $1,020,824 0.18% 6,882 $-1,483,069 Down ×3
DVA DaVita Inc. Common Stock $1,011,839 0.18% 4,548 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $1,008,359 0.18% 1,790 $25,435 Up ×2
V Visa Inc. $1,006,804 0.18% 2,935 $-85,147 Down ×1
GLW Corning Incorporated Common Stock $1,002,818 0.18% 3,926 $-7,398,796 Down ×1
BSV VANGUARD BOND INDEX FUNDS $975,698 0.17% 12,524 $-11,623 Down ×2
KMI Kinder Morgan, Inc. Common Stock $943,221 0.17% 29,503 $-45,288 Up ×1
VOE VANGUARD INDEX FUNDS $930,327 0.16% 4,708 $62,887 Up ×2
ITOT iShares Trust $924,513 0.16% 5,628 $127,617 Up ×2
BX Blackstone Inc. Common Stock $918,673 0.16% 7,807 $119,237 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
GBFH $7,044,804 1.24% up ×4
JEPI $3,379,070 0.59% up ×6
JEPQ $2,020,126 0.36% up ×6
IVW $1,941,236 0.34% up ×3
MRK $1,936,774 0.34% up ×4
VUG $1,655,495 0.29% up ×3
VO $1,513,880 0.27% up ×5
NOBL $1,169,668 0.21% up ×6
SHY $1,145,427 0.20% up ×6
MEGI $1,130,568 0.20% up ×5
MA $671,189 0.12% up ×4
ILCB $641,657 0.11% up ×3
HYG $621,974 0.11% up ×3
PNC $601,515 0.11% up ×4
VTV $475,792 0.08% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
FLEX $15,819,168 97,607 2.78%
DDOG $15,130,826 58,115 2.66%
MRVL $14,947,233 50,177 2.63%
JBL $10,176,287 26,399 1.79%
DELL $9,532,191 22,093 1.68%
DVA $1,011,839 4,548 0.18%
HPE $895,117 19,843 0.16%
ACN $433,859 3,486 0.08%
CLX $373,646 3,915 0.07%
DIA $334,752 641 0.06%
Unknown issuer (CUSIP: 314352105) $284,677 1,885 0.05%
CVS $273,316 2,642 0.05%
Unknown issuer (CUSIP: 438516205) $237,117 1,059 0.04%
Unknown issuer (CUSIP: 43849R105) $234,129 1,059 0.04%
SCHX $229,054 7,783 0.04%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
STX Trimmed -8K +$11.9M
WDC Trimmed -17K +$11.7M
LRCX Bought more +4K +$10.2M
VICR Price move only +0 +$9.7M
KLAC Bought more +54K +$9.5M
ALAB Price move only +0 +$4.3M
SPY Trimmed -5K -$2.9M
HWM Bought more +4K +$2.7M
KEYS Bought more +650 +$2.6M
CVX Trimmed -2K -$1.8M

5 positions 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
ALB June 30, 2026 51,439 $9,234,692 -22.5%
CIEN June 30, 2026 22,959 $8,913,375 -20.2%
CF June 30, 2026 53,400 $6,933,455 6.2%
LITE June 30, 2026 9,765 $6,862,454 26.5%
MRNA June 30, 2026 125,539 $6,377,383 171.3%
IDXX March 31, 2026 8,191 $5,541,457 -7.7%
CRWD Sept. 30, 2025 10,681 $5,439,941 -44.9%
RCL Dec. 31, 2025 15,554 $5,032,959 -0.4%
EXPE March 31, 2026 17,437 $4,940,073 14.8%
FFIV Sept. 30, 2025 16,455 $4,843,039 40.5%
URI Dec. 31, 2025 4,816 $4,597,644 33.6%
UAL Dec. 31, 2025 47,431 $4,577,126 0.6%
SMCI Sept. 30, 2025 80,570 $3,948,743 -8.9%
NCLH Dec. 31, 2025 146,344 $3,604,455 -32.2%
SGOV Dec. 31, 2025 13,313 $1,340,619 0.3%
FCX June 30, 2026 19,006 $1,117,174 14.5%
UNH June 30, 2025 1,584 $829,809 19.2%
DE June 30, 2026 1,453 $818,546 8.3%
TOL June 30, 2026 5,394 $736,109 -17.1%
TTWO Dec. 31, 2025 2,707 $699,381 -20.8%
APH June 30, 2026 4,916 $621,137 -50.7%
EW June 30, 2026 7,610 $609,407 -5.9%
NFLX Dec. 31, 2025 503 $603,058 -28.5%
UBER Dec. 31, 2025 5,939 $581,846 -16.6%
PANW Sept. 30, 2025 2,802 $573,401 98.0%
DASH Dec. 31, 2025 2,067 $562,208 -16.5%
NRG March 31, 2026 3,424 $545,238 -34.8%
EEM June 30, 2026 8,962 $508,956
HON June 30, 2026 2,120 $479,053 -4.4%
NKE June 30, 2026 8,997 $475,224 -17.5%
INGR June 30, 2026 4,130 $465,286 0.7%
AXON Dec. 31, 2025 644 $462,159 -27.2%
BTI March 31, 2026 7,913 $448,033 -10.0%
GSK June 30, 2026 7,988 $440,861 -10.3%
CALM June 30, 2026 5,475 $433,346 -17.2%
DVN Dec. 31, 2025 12,319 $431,887 30.1%
WFC June 30, 2026 4,924 $392,000 -2.7%
RSP June 30, 2026 2,037 $390,940 -0.8%
CMCSA Dec. 31, 2025 12,261 $385,261 -23.0%
LNC Sept. 30, 2025 11,080 $383,368 -0.1%
MMM June 30, 2026 2,271 $329,803 0.0%
VCIT June 30, 2026 3,839 $317,680
ADI June 30, 2026 995 $316,548 5.0%
INTU June 30, 2026 723 $312,610 7.7%
SWK June 30, 2025 3,469 $266,696 34.8%
SHEL Sept. 30, 2025 3,728 $262,478 34.5%
VNOM (filed as VNOMXXXX) Sept. 30, 2025 6,543 $249,484 6.3%
LDOS June 30, 2026 1,600 $248,832 14.3%
SHOP March 31, 2026 1,500 $241,455 27.6%
AWK June 30, 2025 1,612 $237,802 -6.4%
NE June 30, 2026 4,800 $235,536 9.1%
LNG Dec. 31, 2025 992 $233,100 38.9%
WPM June 30, 2026 1,700 $222,717 21.3%
CHDN Sept. 30, 2025 2,152 $217,352 -21.6%
SHBI March 31, 2026 12,275 $217,022 23.1%
BND Sept. 30, 2025 2,943 $216,711
D June 30, 2025 3,841 $215,366 8.5%
AFL Sept. 30, 2025 2,041 $215,211 -0.1%
ECL March 31, 2026 819 $215,008 2.9%
HSY Sept. 30, 2025 1,287 $213,578 -14.4%
OKE March 31, 2026 2,867 $210,725 -2.8%
CVS March 31, 2026 2,642 $209,668 20.4%
NOC June 30, 2026 307 $209,448 -6.1%
SCHX March 31, 2026 7,783 $209,440 18.4%
CDE June 30, 2026 11,150 $209,286 8.2%
SWK Dec. 31, 2025 2,814 $209,164 23.0%
UNP Dec. 31, 2025 863 $203,987 20.3%
TMO March 31, 2026 351 $203,634 33.2%
CL June 30, 2025 2,153 $201,737 -7.3%
REGL March 31, 2026 2,390 $201,285
AMD Sept. 30, 2025 1,414 $200,647 291.8%
SHW June 30, 2026 625 $200,460 -7.2%
AWK Dec. 31, 2025 1,437 $200,017 -0.2%
ULTY Dec. 31, 2025 32,260 $176,462
MESO Sept. 30, 2025 15,000 $163,350 -12.6%
YCBDPRA June 30, 2025 73,000 $98,550 No longer tracked
HIO June 30, 2026 26,909 $97,681 -9.6%
MRCC June 30, 2026 13,500 $62,100 No longer tracked
SRTA June 30, 2025 20,000 $54,600 17.4%
PRPH Dec. 31, 2025 80,000 $36,624 No longer tracked
QRHC Dec. 31, 2025 20,000 $31,200 -26.3%
KULR June 30, 2025 10,000 $13,200 No longer tracked
PMNT Sept. 30, 2025 24,000 $6,480 No longer tracked
SCDRT Sept. 30, 2025 51,219 $3,643 No longer tracked