Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +20.9%
S&P 500 total return (same window) +37.0%
Excess return -16.1%

Annualized: +16.4% · 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: 96.5% · Options excluded: 0.0%

Sector breakdown

04
Financials 13.6%
Communication Services 9.9%
Retail 9.8%
Technology 6.7%
Industrials 4.2%
Consumer Staples 1.6%
Healthcare 1.0%
Other/Unmapped 53.2%

Full portfolio 17 positions

05
Type Streak 8Q trend
ITOT iShares Trust $163,219,822 52.58% 993,607 $21,527,609 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $30,732,643 9.90% 86,980 $-391,954 Down ×4
AMZN Amazon.com, Inc. - Common Stock $24,871,494 8.01% 104,353 $3,119,983 Down ×1
MSFT Microsoft Corporation - Common Stock $17,505,456 5.64% 46,929 $120,052 Down ×1
MA Mastercard Incorporated Common Stock $11,142,552 3.59% 21,695 $-965,709 Down ×1
SPGI S&P Global Inc. Common Stock $9,568,166 3.08% 23,494 $-943,687 Down ×1
UBER Uber Technologies, Inc. Common Stock $7,915,014 2.55% 109,687 $18,826 Down ×1
V Visa Inc. $7,775,106 2.50% 22,662 $212,759 Down ×1
ICE Intercontinental Exchange Inc. Common Stock $7,092,983 2.29% 57,615 $-1,976,096 Down ×1
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $5,533,247 1.78% 57,650 $-1,705,419 Down ×1
VRSK Verisk Analytics, Inc. - Common Stock $5,121,991 1.65% 28,530 Up ×1
NOMD Nomad Foods Limited Ordinary Shares $5,067,003 1.63% 462,740 $616,429 Down ×1
BUR Burford Capital Limited Ordinary Shares $3,442,803 1.11% 839,708 $-353,319 Down ×1
VIA Via Transportation, Inc. Class A Common Stock $3,266,669 1.05% 180,081 $562,004 Down ×1
COIN Coinbase Global, Inc. - 3Class A Common Stock $3,232,553 1.04% 22,112 $-631,392 Down ×1
LLY Eli Lilly and Company Common Stock $3,136,509 1.01% 2,615 Up ×1
FBTC Fidelity Wise Origin Bitcoin Fund $1,786,750 0.58% 35,000 $-12,158,969 Down ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
VRSK $5,121,991 28,530 1.65%
LLY $3,136,509 2,615 1.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
ITOT Trimmed -1K +$21.5M
AMZN Trimmed -86 +$3.1M
ICE Trimmed -47 -$2.0M
BABA Trimmed -47 -$1.7M
MA Trimmed -3K -$966K
SPGI Trimmed -1K -$944K
COIN Trimmed -17 -$631K
NOMD Trimmed -379 +$616K
VIA Trimmed -230 +$562K
GOOG Trimmed -22K -$392K

1 position 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
VTI June 30, 2025 54,219 $14,901,550
IBIT March 31, 2026 233,121 $11,574,458
CALY March 31, 2026 626,689 $7,313,461 4.1%
A Sept. 30, 2025 49,091 $5,793,229 30.7%
WMG June 30, 2025 109,750 $3,440,663 -1.6%
MAR March 31, 2026 3,498 $1,085,220 9.8%