Sector breakdown

04
Technology 31.3%
Communication Services 18.2%
Financials 13.6%
Health Care 8.7%
Energy 5.4%
Industrials 5.1%
Consumer Staples 4.8%
Retail 4.4%
Consumer products 2.7%
Consumer Discretionary 2.5%
Utilities 1.7%
Real Estate 0.8%
Materials 0.6%
Other/Unmapped 0.2%

Full portfolio 347 positions

05
Type Streak 8Q trend
GOOGL Alphabet Inc. - Class A Common Stock $315,243 6.30% 882,118 $47,331 Down ×4
MSFT Microsoft Corporation - Common Stock $312,777 6.25% 838,500 $27,818 Up ×2
AAPL Apple Inc. - Common Stock $283,323 5.66% 979,135 $18,392 Down ×1
CSCO Cisco Systems, Inc. - Common Stock $249,841 4.99% 2,127,030 $52,347 Down ×1
IBM International Business Machines Corporation Common Stock $197,451 3.95% 702,147 $31,998 Up ×6
AVGO Broadcom Inc. - Common Stock $181,436 3.63% 480,306 $47,011 Up ×2
V Visa Inc. $174,710 3.49% 509,225 $21,975 Up ×6
JPM JP Morgan Chase & Co. Common Stock $160,133 3.20% 489,209 $17,393 Up ×1
JNJ Johnson & Johnson Common Stock $160,072 3.20% 630,281 $14,555 Up ×1
CVX Chevron Corporation Common Stock $156,493 3.13% 944,091 $-41,831 Down ×1
KO Coca-Cola Company (The) Common Stock $147,857 2.95% 1,819,326 $-19,705 Down ×2
NVDA NVIDIA Corporation - Common Stock $132,068 2.64% 660,044 $2,005 Down ×4
PG Procter & Gamble Company (The) Common Stock $116,596 2.33% 795,119 $21,424 Up ×3
META Meta Platforms, Inc. - Class A Common Stock $105,437 2.11% 187,180 $5,371 Up ×4
CMCSA Comcast Corporation - Class A Common Stock $97,543 1.95% 3,973,225 $24,448 Up ×6
MCD McDonald's Corporation Common Stock $95,659 1.91% 353,887 $29,683 Up ×1
CRM Salesforce, Inc. Common Stock $92,142 1.84% 588,164 $21,091 Up ×4
XOM Exxon Mobil Corporation Common Stock $91,580 1.83% 669,835 $-49,515 Down ×1
AMZN Amazon.com, Inc. - Common Stock $89,652 1.79% 376,150 $8,403 Down ×1
HPQ HP Inc. Common Stock $80,590 1.61% 3,673,187 $39,843 Up ×2
CAT Caterpillar, Inc. Common Stock $79,912 1.60% 75,042 $-207 Down ×5
AMGN Amgen Inc. - Common Stock $75,856 1.52% 209,478 $7,321 Up ×2
PANW Palo Alto Networks, Inc. - Common Stock $74,240 1.48% 217,701 $26,192 Down ×3
HD Home Depot, Inc. (The) Common Stock $69,408 1.39% 196,803 $10,640 Up ×4
VZ Verizon Communications Inc. Common Stock $67,468 1.35% 1,593,486 $-2,284 Up ×5
PYPL PayPal Holdings, Inc. - Common Stock $65,095 1.30% 1,507,517 $64,509 Up ×1
PEP PepsiCo, Inc. - Common Stock $63,742 1.27% 470,767 $216 Up ×5
GS Goldman Sachs Group, Inc. (The) Common Stock $59,503 1.19% 58,834 $5,413 Down ×1
AEP American Electric Power Company, Inc. - Common Stock $57,969 1.16% 423,721 $-788 Down ×1
LLY Eli Lilly and Company Common Stock $41,600 0.83% 34,683 $11,634 Up ×1
DB Deutsche Bank AG Common Stock $34,004 0.68% 1,007,236 $-105,324 Down ×1
TMO Thermo Fisher Scientific Inc Common Stock $32,967 0.66% 65,756 $1,492 Up ×2
ORCL Oracle Corporation Common Stock $30,597 0.61% 208,780 $4,347 Up ×2
WMT Walmart Inc. - Common Stock $28,925 0.58% 255,387 $7,806 Up ×3
MRK Merck & Company, Inc. Common Stock (new) $27,643 0.55% 215,121 $3,662 Up ×1
MA Mastercard Incorporated Common Stock $26,244 0.52% 51,098 $5,112 Up ×1
AMAT Applied Materials, Inc. - Common Stock $24,792 0.50% 34,290 $15,899 Up ×1
QCOM QUALCOMM Incorporated - Common Stock $24,302 0.49% 131,511 $-39,847 Down ×1
GLW Corning Incorporated Common Stock $21,260 0.42% 83,232 $16,666 Up ×3
NFLX Netflix, Inc. - Common Stock $19,604 0.39% 274,559 $-6,803 Down ×1
KLAC KLA Corporation - Common Stock $17,533 0.35% 58,113 $8,862 Up ×1
T AT&T Inc. $16,828 0.34% 812,943 $1,713 Up ×1
BAC Bank of America Corporation Common Stock $16,789 0.34% 294,639 $-864 Down ×1
GE GE Aerospace Common Stock $15,881 0.32% 42,492 $242 Down ×3
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $15,499 0.31% 30,973 $131 Down ×1
BLK BlackRock, Inc. Common Stock $14,930 0.30% 15,527 $1,927 Up ×5
GOOG Alphabet Inc. - Class C Capital Stock $14,687 0.29% 41,568 $-1,529 Down ×1
COST Costco Wholesale Corporation - Common Stock $14,543 0.29% 15,546 $3,476 Up ×2
UNH UnitedHealth Group Incorporated Common Stock (DE) $14,077 0.28% 33,870 $-12,876 Down ×1
WM Waste Management, Inc. Common Stock $13,731 0.27% 61,606 $-16,133 Down ×2
CME CME Group Inc. - Class A Common Stock $12,744 0.25% 57,708 $-3,326 Up ×1
NOW ServiceNow, Inc. Common Stock $12,483 0.25% 125,734 $4,528 Up ×6
MMM 3M Company Common Stock $11,361 0.23% 70,170 $4,890 Up ×3
ACN Accenture plc Class A Ordinary Shares (Ireland) $11,183 0.22% 89,866 $-1,301 Up ×2
TSLA Tesla, Inc. - Common Stock $11,069 0.22% 26,318 $197 Down ×2
PLTR Palantir Technologies Inc. - Class A Common Stock $11,032 0.22% 94,556 $2,878 Up ×2
PFE Pfizer, Inc. Common Stock $10,710 0.21% 444,778 $-1,769 Up ×1
ABT Abbott Laboratories Common Stock $10,580 0.21% 116,599 $-1,458 Down ×1
USB U.S. Bancorp Common Stock $10,490 0.21% 173,676 $275 Down ×1
XYL Xylem Inc. Common Stock New $10,251 0.20% 86,717 $-249 Down ×2
ADBE Adobe Inc. - Common Stock $10,120 0.20% 49,359 $1,370 Up ×1
ABBV AbbVie Inc. Common Stock $9,871 0.20% 39,227 $-5,802 Down ×3
DE Deere & Company Common Stock $9,677 0.19% 15,256 $7,760 Up ×1
WFC Wells Fargo & Company Common Stock $9,432 0.19% 114,129 $49 Down ×1
CL Colgate-Palmolive Company Common Stock $9,431 0.19% 102,868 $6,539 Up ×1
UPS United Parcel Service, Inc. Common Stock $9,386 0.19% 87,308 $499 Down ×3
INTC Intel Corporation - Common Stock $9,206 0.18% 65,933 $2,385 Down ×3
MU Micron Technology, Inc. - Common Stock $9,097 0.18% 7,881 $5,817 Down ×2
LIN Linde plc - Ordinary Shares $8,456 0.17% 16,295 $-173 Down ×1
TRV The Travelers Companies, Inc. Common Stock $8,260 0.17% 25,021 $1,006 Up ×2
CVS CVS Health Corporation Common Stock $8,212 0.16% 79,378 $879 Down ×1
SYK Stryker Corporation Common Stock $8,037 0.16% 25,526 $3,460 Up ×1
COP ConocoPhillips Common Stock $7,870 0.16% 75,707 $-1,396 Up ×1
NEM Newmont Corporation $7,737 0.15% 82,837 $1,675 Up ×3
TXN Texas Instruments Incorporated - Common Stock $7,662 0.15% 25,705 $-4,618 Down ×3
AMT American Tower Corporation (REIT) Common Stock $7,553 0.15% 46,175 $1,057 Up ×1
MDLZ Mondelez International, Inc. - Class A Common Stock $7,500 0.15% 129,672 $-25,012 Down ×1
AMD Advanced Micro Devices, Inc. - Common Stock $7,448 0.15% 12,822 $4,126 Down ×5
FDX FedEx Corporation Common Stock $7,233 0.14% 23,099 $-499 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $6,497 0.13% 13,605 $2,240 Up ×2
MNST Monster Beverage Corporation - Common Stock $6,472 0.13% 67,335 $1,550 Down ×2
TEL TE Connectivity plc Ordinary Shares $6,418 0.13% 31,833 $5,851 Up ×1
UNP Union Pacific Corporation Common Stock $6,098 0.12% 22,419 $391 Down ×3
AXP American Express Company Common Stock $5,895 0.12% 17,428 $2 Down ×5
LOW Lowe's Companies, Inc. Common Stock $5,687 0.11% 25,792 $292 Up ×2
MCO Moody's Corporation Common Stock $5,522 0.11% 12,192 $363 Up ×2
SCHW Charles Schwab Corporation (The) Common Stock $5,408 0.11% 58,614 $-331 Down ×1
NKE Nike, Inc. Common Stock $5,325 0.11% 129,729 $-1,296 Up ×1
CCI Crown Castle Inc. Common Stock $5,318 0.11% 70,223 $397 Up ×1
ELV Elevance Health, Inc. Common Stock $5,255 0.11% 13,589 $1,046 Down ×1
GILD Gilead Sciences, Inc. - Common Stock $5,252 0.10% 41,571 $-2,379 Down ×2
NEE NextEra Energy, Inc. Common Stock $4,955 0.10% 56,459 $979 Up ×1
DOW Dow Inc. Common Stock $4,910 0.10% 179,462 $-1,938 Up ×1
ADI Analog Devices, Inc. - Common Stock $4,793 0.10% 12,067 $-423 Down ×2
Unknown issuer (CUSIP: 438516205) $4,724 0.09% 21,099 Up ×1
ANET Arista Networks, Inc. Common Stock $4,635 0.09% 27,285 $-1,604 Down ×3
MS Morgan Stanley Common Stock $4,634 0.09% 22,168 $-166 Down ×2
Unknown issuer (CUSIP: 43849R105) $4,630 0.09% 20,942 Up ×1
DIS Walt Disney Company (The) Common Stock $4,436 0.09% 46,086 $-459 Down ×2
KMB Kimberly-Clark Corporation - Common Stock $4,362 0.09% 39,737 $278 Down ×2

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
IBM $197,451 3.95% up ×6
V $174,710 3.49% up ×6
PG $116,596 2.33% up ×3
META $105,437 2.11% up ×4
CMCSA $97,543 1.95% up ×6
CRM $92,142 1.84% up ×4
HD $69,408 1.39% up ×4
VZ $67,468 1.35% up ×5
PEP $63,742 1.27% up ×5
WMT $28,925 0.58% up ×3
GLW $21,260 0.42% up ×3
BLK $14,930 0.30% up ×5
NOW $12,483 0.25% up ×6
MMM $11,361 0.23% up ×3
NEM $7,737 0.15% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 438516205) $4,724 21,099 0.09%
Unknown issuer (CUSIP: 43849R105) $4,630 20,942 0.09%
TIGO $1,569 17,284 0.03%
MRVL $1,391 4,670 0.03%
GRMN $1,237 5,206 0.02%
CLS $1,068 2,928 0.02%
WSM $1,028 4,410 0.02%
Unknown issuer (CUSIP: 314352105) $984 6,517 0.02%
YUM $861 5,383 0.02%
BG $814 7,625 0.02%
DRI $774 3,759 0.02%
AON $720 2,171 0.01%
AIG $680 9,121 0.01%
BBY $598 7,877 0.01%
COHR $327 829 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
DB Trimmed -3.7M -$105K
CSCO Trimmed -418K +$52K
XOM Trimmed -162K -$50K
GOOGL Trimmed -50K +$47K
AVGO Bought more +46K +$47K
CVX Trimmed -14K -$42K
QCOM Trimmed -367K -$40K
HPQ Bought more +1.6M +$40K
IBM Bought more +20K +$32K
MCD Bought more +142K +$30K

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
HON June 30, 2026 440,984 $99,676 -4.4%
RACE June 30, 2025 87,773 $37,556 -20.9%
MET June 30, 2026 106,762 $7,550 11.6%
TROW June 30, 2026 76,221 $6,871 -8.0%
WFC June 30, 2025 93,726 $6,729 0.4%
HAL June 30, 2026 158,366 $6,175 -6.2%
MS June 30, 2025 30,583 $3,568 35.1%
SOLS March 31, 2026 66,088 $3,211 -24.2%
SJM June 30, 2026 31,646 $3,052 4.2%
CINF March 31, 2026 16,092 $2,628 2.9%
PPG March 31, 2026 23,630 $2,421 -1.6%
IPG Dec. 31, 2025 83,005 $2,317 No longer tracked
HRL June 30, 2026 82,558 $1,870 -18.4%
YUM March 31, 2026 11,900 $1,800 -12.5%
EBAY March 31, 2026 18,298 $1,594 16.9%
GILD June 30, 2025 13,326 $1,493 30.5%
DKS March 31, 2026 7,511 $1,487 -31.4%
HUM Dec. 31, 2025 5,627 $1,464 51.6%
BBY March 31, 2026 21,695 $1,452 37.0%
AVY March 31, 2026 7,886 $1,434 -1.6%
GEN June 30, 2026 74,943 $1,411 -11.7%
WAT June 30, 2026 4,595 $1,368 13.4%
GRMN March 31, 2026 6,518 $1,322 21.2%
BG March 31, 2026 14,482 $1,290 -16.1%
DRI March 31, 2026 6,937 $1,277 2.2%
PFG March 31, 2026 14,475 $1,277 24.2%
ATO March 31, 2026 7,477 $1,253 -14.9%
CTRA June 30, 2026 35,570 $1,250 No longer tracked
HST June 30, 2025 85,714 $1,218 46.9%
DFS June 30, 2025 7,003 $1,196 No longer tracked
TAP Dec. 31, 2025 25,628 $1,160 -21.0%
GPC March 31, 2026 9,414 $1,158 20.3%
OC Dec. 31, 2025 7,771 $1,100 5.8%
LEN March 31, 2026 10,411 $1,070 -8.1%
WTRG March 31, 2026 27,263 $1,046 -2.2%
CAG Sept. 30, 2025 50,890 $1,042 -27.0%
MAS March 31, 2026 16,184 $1,027 13.2%
PKG March 31, 2026 4,950 $1,021 7.7%
MKC March 31, 2026 14,096 $960 -11.4%
SWKS June 30, 2025 14,237 $921 14.1%
ALB June 30, 2025 12,740 $918 66.9%
AFG March 31, 2026 6,214 $849 8.9%
EQH June 30, 2026 22,123 $821 20.0%
WRB March 31, 2026 11,347 $796 4.1%
SNA March 31, 2026 2,206 $760 1.6%
HAS June 30, 2025 12,109 $745 21.3%
AON March 31, 2026 2,100 $741 -16.5%
NTAP March 31, 2026 6,623 $709 121.0%
IEX March 31, 2026 3,884 $691 22.9%
PM Dec. 31, 2025 4,012 $651 16.9%
AAON June 30, 2026 2,009 $648 -34.4%
CF June 30, 2025 7,834 $613 25.0%
AFG Sept. 30, 2025 3,947 $499 -4.5%
SPOT Sept. 30, 2025 562 $432 -32.3%
EMBC June 30, 2025 33,282 $424 -41.7%
BF-B (filed as BFB) March 31, 2026 15,474 $403 No longer tracked
BABA March 31, 2026 2,670 $391 -15.6%
BXP June 30, 2026 7,492 $389 -8.8%
BXP Sept. 30, 2025 5,440 $368 -18.7%
VTR June 30, 2026 4,461 $365 -5.4%
MRNA June 30, 2025 12,261 $348 588.7%
EQR Sept. 30, 2025 4,957 $335 No longer tracked
ACGL June 30, 2026 3,458 $332 -3.6%
CSGP June 30, 2026 7,761 $313 -3.3%
BEN June 30, 2025 14,801 $285 37.6%
NRG June 30, 2026 1,945 $284 -34.8%
ROP June 30, 2026 775 $274 4.7%
CPRT June 30, 2026 8,129 $270 -3.4%
COIN June 30, 2026 1,517 $265 25.2%
CCL June 30, 2026 10,180 $263 -9.8%
FICO March 31, 2026 155 $262 -38.1%
CE June 30, 2025 4,569 $259 -20.1%
L Dec. 31, 2025 2,565 $258 0.7%
UAL June 30, 2026 2,771 $255 -17.3%
DXCM Sept. 30, 2025 2,881 $252 26.9%
HES Sept. 30, 2025 1,812 $252 No longer tracked
TTWO June 30, 2026 1,272 $251 -18.9%
LYV June 30, 2026 1,641 $250 -7.8%
ANSS Sept. 30, 2025 702 $247 No longer tracked
CSGP Dec. 31, 2025 2,912 $246 -59.3%
WY March 31, 2026 10,325 $245 -24.4%
DD June 30, 2026 5,241 $240 -4.2%
CMG March 31, 2026 6,432 $238 1.1%
LH June 30, 2026 884 $236 10.2%
WTW March 31, 2026 718 $236 -0.7%
NOC June 30, 2026 341 $233 -6.1%
RMD June 30, 2026 1,032 $232 12.3%
ZBH June 30, 2025 2,041 $232 -3.2%
AIG March 31, 2026 2,699 $231 -0.4%
MO Dec. 31, 2025 3,489 $231 16.8%
A June 30, 2026 2,000 $228 26.3%
GPN June 30, 2025 2,316 $227 -2.1%
TYL June 30, 2025 389 $226 -45.5%
MKC Sept. 30, 2025 2,973 $225 -33.2%
DHI June 30, 2026 1,602 $220 -17.1%
CHRW June 30, 2026 1,313 $218 -16.3%
DAL March 31, 2026 3,145 $218 26.5%
FICO Sept. 30, 2025 119 $218 -55.8%
DG Sept. 30, 2025 1,897 $217 15.1%
FIS March 31, 2026 3,244 $216 -30.8%
DG June 30, 2026 1,812 $215 3.3%
APTV Dec. 31, 2025 2,467 $213 -42.8%
GEHC June 30, 2026 2,994 $213 0.4%
DOW June 30, 2025 6,058 $212 5.6%
PHM Dec. 31, 2025 1,594 $211 -1.3%
BRO Dec. 31, 2025 2,217 $208 -24.8%
NOC Dec. 31, 2025 341 $208 -16.2%
BAX June 30, 2025 6,041 $207 -22.4%
LULU June 30, 2025 729 $207 -60.2%
LDOS Dec. 31, 2025 1,090 $206 -34.7%
UDR June 30, 2025 4,555 $206 -18.5%
ULTA March 31, 2026 340 $206 4.0%
CHTR March 31, 2026 981 $205 -49.4%
INCY March 31, 2026 2,076 $205 22.5%
ESS June 30, 2025 662 $203 -5.2%
OTIS June 30, 2025 1,965 $203 -35.3%
ZBH Dec. 31, 2025 2,041 $202 -1.8%
CAH Sept. 30, 2025 1,196 $201 45.5%
DLTR March 31, 2026 1,634 $201 2.4%
KMX June 30, 2025 2,576 $201 -18.3%
VTRS Dec. 31, 2025 17,276 $171 41.4%
PARA Sept. 30, 2025 10,110 $130