Sector breakdown

04
Healthcare 29.8%
Communication Services 12.3%
Industrials 11.1%
Consumer products 9.1%
Consumer Discretionary 5.1%
Technology 4.7%
Retail 1.9%
Consumer Staples 1.7%
Energy 1.3%
Financials 1.2%
Other/Unmapped 21.8%

Full portfolio 90 positions

05
Type Streak 8Q trend
ECML EA Series Trust $66,653,746 15.37% 1,722,782 $-10,344,492 Down ×6
VEA Vanguard FTSE Developed Markets ETF $26,438,025 6.10% 371,060 Up ×1
UL Unilever PLC American Depositary Shares (each representing One Ordinary Share) $22,244,400 5.13% 370,000 $4,868,550 Up ×2
DIS Walt Disney Company (The) Common Stock $19,250,000 4.44% 200,000 $-26,000
AMRZ Amrize Ltd Ordinary Shares $17,322,500 3.99% 325,000 $1,356,800 Up ×1
SONY Sony Group Corporation American Depositary Shares $16,549,500 3.82% 825,000 $2,233,380 Up ×2
HLN Haleon plc American Depositary Shares (Each representing two Ordinary Shares) $15,861,000 3.66% 1,700,000 $1,847,000 Up ×1
SOLV Solventum Corporation Common Stock $15,430,000 3.56% 200,000 $-3,507,000 Down ×1
BLCO Bausch + Lomb Corporation Common Shares $14,589,360 3.36% 881,000 $1,471,860 Up ×1
WMG Warner Music Group Corp. - Class A Common Stock $14,482,450 3.34% 535,000 $-2,118,550 Down ×1
HSIC Henry Schein, Inc. - Common Stock $11,275,200 2.60% 135,000 $10,685,600 Up ×1
IQV IQVIA Holdings, Inc. Common Stock $10,083,186 2.32% 52,185 $-6,152,222 Down ×1
STTK Shattuck Labs, Inc. - Common Stock $9,925,359 2.29% 1,430,167 $436,942 Down ×1
MDT Medtronic plc. Ordinary Shares $7,040,700 1.62% 90,000 $-6,390,050 Down ×1
WLY John Wiley & Sons, Inc. Common Stock $4,579,344 1.06% 94,400 $2,026,644 Up ×1
DDD 3D Systems Corporation Common Stock $4,284,214 0.99% 1,418,614 $1,617,220
SNN Smith & Nephew SNATS, Inc. Common Stock $4,134,235 0.95% 143,500 $-2,857,365 Down ×5
MD Pediatrix Medical Group, Inc. Common Stock $3,875,490 0.89% 153,000 $1,116,180 Up ×1
INDV Indivior Pharmaceuticals, Inc. - Common Stock $3,787,069 0.87% 92,300 $973,765
CPRX Catalyst Pharmaceuticals, Inc. - Common Stock $3,580,443 0.83% 113,918 $759,833
HALO Halozyme Therapeutics, Inc. - Common Stock $3,511,818 0.81% 44,868 $611,999
MO Altria Group, Inc. $3,497,705 0.81% 48,613 $289,733
CROX Crocs, Inc. - Common Stock $3,486,496 0.80% 28,900 $1,087,218
BBY Best Buy Co., Inc. Common Stock $3,315,956 0.76% 43,700 Up ×1
BIIB Biogen Inc. - Common Stock $3,305,718 0.76% 15,300 $500,769
GILD Gilead Sciences, Inc. - Common Stock $3,287,619 0.76% 26,022 $-339,067
ZD Ziff Davis, Inc. - Common Stock $3,269,197 0.75% 62,425 $344,585 Down ×1
STRA Strategic Education, Inc. - Common Stock $3,241,026 0.75% 42,300 $951,330 Up ×1
WEX WEX Inc. common stock $3,075,762 0.71% 21,800 $764,858 Up ×1
TDC Teradata Corporation Common Stock $3,035,340 0.70% 87,600 $531,289 Down ×1
WKC World Kinect Corporation Common Stock $3,017,304 0.70% 91,600 $904,092
HRMY Harmony Biosciences Holdings, Inc. - Common Stock $2,960,133 0.68% 81,300 $682,920
FTDR Frontdoor, Inc. - Common Stock $2,948,420 0.68% 38,000 $939,740
AOS A.O. Smith Corporation Common Stock $2,885,120 0.67% 46,000 Up ×1
DORM Dorman Products, Inc. - Common Stock $2,865,450 0.66% 21,000 $673,890
MTCH Match Group, Inc. - Common Stock $2,846,140 0.66% 74,800 $549,032
INCY Incyte Corporation - Common Stock $2,834,000 0.65% 25,000 $481,000
EXPE Expedia Group, Inc. - Common Stock $2,814,680 0.65% 11,000 $251,801 Down ×1
ADUS Addus HomeCare Corporation - Common Stock $2,813,160 0.65% 28,000 Up ×1
VTRS Viatris Inc. - Common Stock $2,724,468 0.63% 171,566 $406,611
GNTX Gentex Corporation - Common Stock $2,653,350 0.61% 105,000 Up ×1
TNET TriNet Group, Inc. Common Stock $2,598,225 0.60% 52,500 Up ×1
CDW CDW Corporation - Common Stock $2,570,196 0.59% 18,275 $358,556
OSPN OneSpan Inc. - Common Stock $2,539,950 0.59% 177,000 $676,140
BMY Bristol-Myers Squibb Company Common Stock $2,477,660 0.57% 43,000 $-130,290
OPCH Option Care Health, Inc. - Common Stock $2,474,460 0.57% 118,000 Up ×1
MMS Maximus, Inc. Common Stock $2,456,832 0.57% 45,700 $717,286 Up ×1
KFY Korn Ferry Common Stock $2,450,144 0.56% 36,800 $133,584
UPBD Upbound Group, Inc. - Common Stock $2,397,860 0.55% 113,000 $358,210
KBR KBR, Inc. Common Stock $2,389,476 0.55% 69,200 $454,326 Up ×1
PFE Pfizer, Inc. Common Stock $2,329,740 0.54% 96,750 $-387,000
EXE Expand Energy Corporation - Common Stock $2,325,345 0.54% 25,500 Up ×1
ADBE Adobe Inc. - Common Stock $2,294,174 0.53% 11,190 $108,885 Up ×1
MNTN MNTN, Inc. Class A Common Stock $2,281,600 0.53% 248,000 Up ×1
CTSH Cognizant Technology Solutions Corporation - Class A Common Stock $2,219,229 0.51% 57,300 $35,169 Up ×2
DOX Amdocs Limited - Ordinary Shares $2,163,112 0.50% 42,800 $-68,780 Up ×2
DECK Deckers Outdoor Corporation Common Stock $2,134,735 0.49% 21,500 $-17,200
SMPL The Simply Good Foods Company - Common Stock $2,124,800 0.49% 160,000 $582,175 Up ×3
JBI Janus International Group, Inc. Common Stock $2,117,325 0.49% 381,500 $152,600
CLAR Clarus Corporation - Common Stock $2,079,000 0.48% 660,000 Up ×1
OMC Omnicom Group Inc. Common Stock $2,068,372 0.48% 28,400 $-70,432
LDOS Leidos Holdings, Inc. Common Stock $2,028,509 0.47% 19,700 Up ×1
SSNC SS&C Technologies Holdings, Inc. - Common Stock $1,923,550 0.44% 31,000 $-171,120
DBX Dropbox, Inc. - Class A Common Stock $1,888,562 0.44% 68,750 $52,786 Down ×1
BAH Booz Allen Hamilton Holding Corporation Common Stock $1,853,468 0.43% 30,550 $-530,348
BLKB Blackbaud, Inc. - Common Stock $1,833,478 0.42% 61,900 $7,225 Up ×2
VNT Vontier Corporation Common Stock $1,759,546 0.41% 60,674 $-392,561
BBWI Bath & Body Works, Inc. $1,748,628 0.40% 75,600 $337,176
TAP Molson Coors Beverage Company Class B Common Stock $1,583,724 0.37% 40,650 $-517,604 Down ×1
WU Western Union Company (The) Common Stock $1,545,005 0.36% 200,650 $-602,575 Down ×1
CMCSA Comcast Corporation - Class A Common Stock $1,524,555 0.35% 62,100 $-258,336
TASK TaskUs, Inc. - Class A Common Stock $1,453,140 0.34% 310,500 $-630,315
CARS Cars.com Inc. Common Stock $1,411,698 0.33% 129,040 $81,642 Down ×1
HPQ HP Inc. Common Stock $1,389,241 0.32% 63,320 $172,864
YELP Yelp Inc. Common Stock $1,259,715 0.29% 51,375 $-350,859 Down ×1
JNJ Johnson & Johnson Common Stock $1,042,547 0.24% 4,105 $39,121
AAPL Apple Inc. - Common Stock $900,199 0.21% 3,111 $110,658
IBM International Business Machines Corporation Common Stock $859,097 0.20% 3,055 $118,596
PG Procter & Gamble Company (The) Common Stock $843,180 0.19% 5,750 $12,650
DXC DXC Technology Company Common Stock $815,970 0.19% 92,200 $-818,130 Down ×1
SPY SPY $787,096 0.18% 1,054 $101,638
AMZN Amazon.com, Inc. - Common Stock $581,550 0.13% 2,440 $73,371
VB Vanguard Morningstar Small-Cap ETF $409,212 0.09% 1,350 $55,620
GOOGL Alphabet Inc. - Class A Common Stock $393,107 0.09% 1,100 $76,791
MSFT Microsoft Corporation - Common Stock $318,186 0.07% 853 $2,431
XOM Exxon Mobil Corporation Common Stock $304,065 0.07% 2,224 $-73,259
CB Chubb Limited Common Stock $272,592 0.06% 800 $11,848
EFA iShares Trust $246,196 0.06% 2,370 $15,998
JPM JP Morgan Chase & Co. Common Stock $245,498 0.06% 750 $24,878
PEP PepsiCo, Inc. - Common Stock $223,410 0.05% 1,650 $-32,818

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
SMPL $2,124,800 0.49% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
VEA $26,438,025 371,060 6.10%
BBY $3,315,956 43,700 0.76%
AOS $2,885,120 46,000 0.67%
ADUS $2,813,160 28,000 0.65%
GNTX $2,653,350 105,000 0.61%
TNET $2,598,225 52,500 0.60%
OPCH $2,474,460 118,000 0.57%
EXE $2,325,345 25,500 0.54%
MNTN $2,281,600 248,000 0.53%
CLAR $2,079,000 660,000 0.48%
LDOS $2,028,509 19,700 0.47%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
ECML Trimmed -397K -$10.3M
MDT Trimmed -65K -$6.4M
IQV Trimmed -43K -$6.2M
UL Bought more +65K +$4.9M
SOLV Trimmed -90K -$3.5M
SNN Trimmed -76K -$2.9M
SONY Bought more +133K +$2.2M
WMG Trimmed -115K -$2.1M
WLY Bought more +27K +$2.0M
HLN Bought more +300K +$1.8M

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
DNB June 30, 2025 2,667,886 $23,850,901 No longer tracked
FISV Dec. 31, 2025 150,300 $19,378,179 -32.1%
KVUE Sept. 30, 2025 900,000 $18,837,000 6.6%
AVNS June 30, 2026 845,000 $11,838,450 No longer tracked
DEO Dec. 31, 2025 115,000 $10,974,450 -2.9%
PRKS March 31, 2026 300,000 $10,890,000 0.0%
UL (filed as ULXXXX) Dec. 31, 2025 180,000 $10,670,400 -8.7%
PM June 30, 2025 50,300 $7,984,119 3.0%
RTO March 31, 2026 200,000 $5,892,000 -36.5%
BAX Dec. 31, 2025 200,000 $4,554,000 25.0%
REZI Dec. 31, 2025 94,100 $4,063,238 -47.3%
HSII Dec. 31, 2025 67,387 $3,353,851 No longer tracked
LNTH June 30, 2026 42,000 $3,185,700 -9.8%
SNX June 30, 2026 17,299 $2,918,514 5.5%
NTCT June 30, 2026 88,912 $2,826,512 -5.5%
UTHR Dec. 31, 2025 6,730 $2,821,283 10.9%
MIDD March 31, 2026 18,500 $2,750,395 -21.3%
NXT Sept. 30, 2025 49,818 $2,708,605 13.1%
LEA March 31, 2026 22,941 $2,629,039 1.1%
PRDO June 30, 2025 103,403 $2,603,688 -1.8%
AMWD Dec. 31, 2025 37,700 $2,516,852 No longer tracked
SLB March 31, 2026 65,000 $2,494,700 -3.5%
LNTH June 30, 2025 25,237 $2,463,131 22.3%
OSK March 31, 2026 19,395 $2,436,594 -10.1%
GEHC June 30, 2025 30,000 $2,421,300 -13.0%
HAL March 31, 2026 84,100 $2,376,666 -16.9%
BWA June 30, 2026 43,000 $2,333,180 -8.3%
TFX March 31, 2026 18,700 $2,282,148 5.4%
TGNA March 31, 2026 116,410 $2,259,518 No longer tracked
DELL Sept. 30, 2025 18,400 $2,255,840 291.4%
NXST June 30, 2026 12,457 $2,252,599 -12.1%
HAE Dec. 31, 2025 46,000 $2,242,040 30.2%
CI June 30, 2025 6,777 $2,229,633 -18.5%
CVS June 30, 2025 32,885 $2,227,959 25.4%
DOX June 30, 2025 24,076 $2,202,954 -35.8%
YETI June 30, 2026 59,200 $2,166,128 -18.5%
QLYS June 30, 2026 24,000 $2,108,400 42.4%
MTX March 31, 2026 34,100 $2,078,395 -6.6%
ALSN June 30, 2026 17,750 $2,077,815 3.6%
ROCK Sept. 30, 2025 35,000 $2,065,000 -36.0%
SHOO Sept. 30, 2025 86,000 $2,062,280 37.7%
SJM June 30, 2026 20,987 $2,023,986 4.6%
EXPE Sept. 30, 2025 11,400 $1,922,952 22.0%
PINC Sept. 30, 2025 87,234 $1,913,042 No longer tracked
PVH June 30, 2026 27,300 $1,904,448 0.5%
ASGN June 30, 2026 48,800 $1,889,048 No longer tracked
LEN March 31, 2026 18,025 $1,852,970 -10.8%
TRIP Sept. 30, 2025 139,795 $1,824,325 -47.0%
FTDR June 30, 2025 40,522 $1,556,855 31.7%
KHC Dec. 31, 2025 59,124 $1,539,589 -9.6%
BRBR June 30, 2026 94,100 $1,514,069 -40.2%
SWKS Sept. 30, 2025 20,200 $1,505,304 6.9%
HOG June 30, 2025 54,832 $1,384,508 9.8%
CNXC March 31, 2026 29,142 $1,211,724 -6.4%
MAN Dec. 31, 2025 29,309 $1,110,811 83.5%
THRY June 30, 2025 74,390 $952,936 -87.7%
EMBC June 30, 2026 105,211 $930,065 74.2%
XPOF June 30, 2026 144,736 $871,311 -34.0%
HELE June 30, 2026 34,200 $493,164 -9.0%
DH June 30, 2026 239,630 $294,745 16.5%
CPNG March 31, 2026 9,287 $219,080 -26.3%
NOC June 30, 2026 305 $208,083 -6.1%
NOW Dec. 31, 2025 225 $207,063 -11.2%