Performance vs S&P 500

03
Tracked Q4 2025–Q2 2026 +31.9%
S&P 500 total return (same window) +8.7%
Excess return +23.3%

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: 98.4% · Options excluded: 0.0%

Sector breakdown

04
Industrials 85.6%
Technology 5.0%
Materials 2.7%
Consumer Discretionary 0.4%
Other/Unmapped 6.3%

Full portfolio 28 positions

05
Type Streak 8Q trend
CR Crane Company Common Stock $32,491,930 8.49% 145,658 $13,004,086 Up ×2
FSS Federal Signal Corporation Common Stock $31,346,163 8.19% 243,958 $11,951,253 Up ×1
TDY Teledyne Technologies Incorporated Common Stock $28,430,614 7.43% 42,631 Up ×1
IEX IDEX Corporation Common Stock $27,520,184 7.19% 121,261 $12,880,858 Up ×1
NPO Enpro Inc. Common Stock $25,212,848 6.59% 66,890 $5,554,118 Down ×1
TKR Timken Company (The) Common Stock $24,789,558 6.48% 170,586 $8,775,193 Up ×1
ST Sensata Technologies Holding plc Ordinary Shares $23,214,721 6.07% 486,274 $2,588,937 Down ×1
Unknown issuer (CUSIP: 55293N109) $17,646,457 4.61% 427,482 $11,663,974 Up ×1
GFF Griffon Corporation Common Stock $16,417,615 4.29% 168,334 $-1,752,967 Down ×1
VNT Vontier Corporation Common Stock $15,517,465 4.06% 535,085 Up ×1
ESE ESCO Technologies Inc. Common Stock $14,902,953 3.89% 42,575 $-8,660,096 Down ×1
ATRO Astronics Corporation - Common Stock $13,721,238 3.59% 168,856 $2,019,065 Down ×2
TPC Tutor Perini Corporation Common Stock $12,063,838 3.15% 145,400 $-599,336 Down ×1
CLBT Cellebrite DI Ltd. - Ordinary Shares $11,765,351 3.07% 805,846 $1,283,277 Up ×1
IPGP IPG Photonics Corporation - Common Stock $11,125,456 2.91% 94,830 Up ×1
BCPC Balchem Corporation - Common Stock $10,232,795 2.67% 60,567 $-4,623,483 Down ×2
HLMN Hillman Solutions Corp. - Common Stock $9,355,192 2.45% 1,108,435 $1,942,305 Up ×2
MEC Mayville Engineering Company, Inc. Common Stock $8,824,827 2.31% 235,580 $4,616,000 Up ×2
MEI Methode Electronics, Inc. Common Stock $8,376,811 2.19% 441,582 Up ×1
MITK Mitek Systems, Inc. - Common Stock $7,259,582 1.90% 360,635 $2,067,170 Down ×2
MPTI CUSIP: 55380K109 $6,613,404 1.73% 66,701 $3,788,590 Up ×1
GTES Gates Industrial Corporation plc Ordinary Shares $5,009,986 1.31% 179,120 Up ×1
BDC Belden Inc Common Stock $4,937,414 1.29% 41,176 Up ×1
NWPX NWPX Infrastructure, Inc. - Common Stock $4,591,013 1.20% 30,619 $244,479 Down ×2
FEIM Frequency Electronics, Inc. - Common Stock $4,383,479 1.15% 66,066 $3,586,975 Up ×1
AEBI Aebi Schmidt Holding AG - Common Stock $3,900,176 1.02% 310,771 $910,419 Up ×1
SMP Standard Motor Products, Inc. Common Stock $1,658,602 0.43% 42,561 $-4,330,401 Down ×2
USLM United States Lime & Minerals, Inc. - Common Stock $1,308,061 0.34% 12,497 $-3,794,610 Down ×2

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
TDY $28,430,614 42,631 7.43%
VNT $15,517,465 535,085 4.06%
IPGP $11,125,456 94,830 2.91%
MEI $8,376,811 441,582 2.19%
GTES $5,009,986 179,120 1.31%
BDC $4,937,414 41,176 1.29%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
CR Bought more +32K +$13.0M
IEX Bought more +44K +$12.9M
FSS Bought more +65K +$12.0M
· Bought more +191K +$11.7M
TKR Bought more +11K +$8.8M
ESE Trimmed -41K -$8.7M
NPO Trimmed -12K +$5.6M
BCPC Trimmed -27K -$4.6M
MEC Bought more +1K +$4.6M
SMP Trimmed -130K -$4.3M

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
FTV March 31, 2026 381,449 $21,059,800 4.0%
CWST March 31, 2026 171,186 $16,765,956 4.3%
GBX June 30, 2026 289,039 $15,217,903 -17.2%
SOLS March 31, 2026 279,490 $13,577,624 -24.2%
CNM March 31, 2026 259,427 $13,482,421 -16.3%
ECVT June 30, 2026 815,443 $10,486,597 -18.7%
FUL March 31, 2026 168,992 $10,048,264 -18.6%
MSM March 31, 2026 119,444 $10,045,240 41.0%
BELFB March 31, 2026 55,759 $9,458,399 30.3%
SPXC June 30, 2026 40,603 $8,118,164 -29.4%
RBA March 31, 2026 67,316 $6,924,797 -14.6%
ASTE June 30, 2026 124,069 $6,679,875 -31.4%
ESAB March 31, 2026 59,304 $6,625,443 -27.7%
ROCK June 30, 2026 105,371 $4,201,142 -11.0%
VMI June 30, 2026 9,678 $3,867,038 -17.1%
UNF March 31, 2026 19,550 $3,771,195 0.1%
MTRX June 30, 2026 304,145 $3,491,585 -25.0%
PLPC March 31, 2026 15,414 $3,186,228 54.9%
DORM March 31, 2026 16,219 $1,998,019 17.9%
SWIM March 31, 2026 201,243 $1,277,893 19.4%
BELFA March 31, 2026 2,726 $413,807 16.2%