Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +55.5%
S&P 500 total return (same window) +37.0%
Excess return +18.5%

Annualized: +42.4% · 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: 89.2% · Options excluded: 0.0%

Sector breakdown

04
Technology 26.2%
Consumer Discretionary 0.1%
Other/Unmapped 73.7%

Full portfolio 6 positions

05
Type Streak 8Q trend
ITOT iShares Trust $213,140,325 52.60% 1,297,500 $17,655,150 Down ×4
CRWV CoreWeave, Inc. - Class A Common Stock $105,908,569 26.14% 1,063,980 $23,482,038
IVV iShares Trust $44,933,400 11.09% 60,000 $5,740,800
Unknown issuer (CUSIP: 84615Q103) $40,557,893 10.01% 237,375 Up ×1
NAVN Navan, Inc. - Class A Common Stock $489,372 0.12% 21,398 Up ×1
RBRK Rubrik, Inc. Class A Common Stock $186,169 0.05% 2,319

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 84615Q103) $40,557,893 237,375 10.01%
NAVN $489,372 21,398 0.12%
RBRK $186,169 2,319 0.05%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
CRWV Price move only +0 +$23.5M
ITOT Trimmed -75K +$17.7M
IVV Price move only +0 +$5.7M

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
RBRK Sept. 30, 2025 9,898 $886,762 44.2%
RBRK March 31, 2026 3,092 $236,476 142.1%