Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +18.6%
S&P 500 total return (same window) +37.0%
Excess return -18.4%

Annualized: +14.6% · 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: 99.4% · Options excluded: 0.0%

Sector breakdown

04
Technology 23.1%
Retail 12.7%
Healthcare 11.6%
Financials 10.4%
Utilities 8.3%
Industrials 6.7%
Consumer Staples 5.0%
Communication Services 4.2%
Consumer products 1.6%
Energy 0.6%
Consumer Discretionary 0.2%
Other/Unmapped 15.5%

Full portfolio 62 positions

05
Type Streak 8Q trend
MSFT Microsoft Corporation - Common Stock $26,226,197 13.46% 70,308 $445,060 Up ×1
JPM JP Morgan Chase & Co. Common Stock $12,466,527 6.40% 38,086 $580,845 Down ×1
LLY Eli Lilly and Company Common Stock $10,724,104 5.51% 8,941 $9,592,787 Up ×1
XLV SELECT SECTOR SPDR TRUST $9,405,365 4.83% 59,280 $555,985 Down ×1
WMT Walmart Inc. - Common Stock $9,069,974 4.66% 80,081 $-2,719,600 Down ×1
XLK SELECT SECTOR SPDR TRUST $9,059,292 4.65% 47,550 $2,602,478 Down ×2
AAPL Apple Inc. - Common Stock $9,021,666 4.63% 31,178 $773,999 Down ×1
NVDA NVIDIA Corporation - Common Stock $8,738,931 4.49% 43,675 $572,651 Down ×2
JNJ Johnson & Johnson Common Stock $8,081,325 4.15% 31,820 $-4,017,233 Down ×1
NEE NextEra Energy, Inc. Common Stock $7,544,578 3.87% 85,959 $-3,188,403 Down ×1
HD Home Depot, Inc. (The) Common Stock $7,375,597 3.79% 20,913 $231,120 Down ×3
UNP Union Pacific Corporation Common Stock $5,684,256 2.92% 20,898 $578,803 Down ×5
KO Coca-Cola Company (The) Common Stock $5,378,530 2.76% 66,181 $-1,674,043 Down ×2
GOOGL Alphabet Inc. - Class A Common Stock $4,853,085 2.49% 13,580 $344,144 Down ×2
AMZN Amazon.com, Inc. - Common Stock $4,813,276 2.47% 20,195 $253,204 Down ×2
PEP PepsiCo, Inc. - Common Stock $4,427,445 2.27% 32,699 $-829,277 Down ×6
DUK Duke Energy Corporation (Holding Company) Common Stock $4,393,972 2.26% 34,713 $-2,246,388 Down ×1
AXP American Express Company Common Stock $4,353,278 2.23% 12,870 $216,864 Down ×1
PG Procter & Gamble Company (The) Common Stock $3,149,827 1.62% 21,480 $-522,921 Down ×2
AEP American Electric Power Company, Inc. - Common Stock $2,947,571 1.51% 21,545 $-2,445,716 Down ×1
XLF SELECT SECTOR SPDR TRUST $2,856,931 1.47% 53,291 $138,569 Down ×2
XLY XLY $2,579,339 1.32% 21,993 $168,374 Down ×2
CAT Caterpillar, Inc. Common Stock $2,513,164 1.29% 2,360 $862,452 Up ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $2,401,095 1.23% 5,777 $755,367 Down ×3
COST Costco Wholesale Corporation - Common Stock $2,293,772 1.18% 2,452 $-7,448,324 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $1,999,848 1.03% 5,660
GEV GE Vernova Inc. Common Stock $1,993,737 1.02% 1,697 $512,426
V Visa Inc. $1,593,653 0.82% 4,645 $182,192 Down ×2
XLC SELECT SECTOR SPDR TRUST $1,514,711 0.78% 14,139 $-91,540 Down ×2
WM Waste Management, Inc. Common Stock $1,306,077 0.67% 5,860 $-1,516,893 Down ×1
SO Southern Company (The) Common Stock $1,270,550 0.65% 13,275 $-49,361 Down ×3
XLI SELECT SECTOR SPDR TRUST $1,141,943 0.59% 6,165 $132,748 Down ×2
SPY SPY $1,052,199 0.54% 1,409 $133,919 Down ×3
SYY Sysco Corporation Common Stock $957,994 0.49% 11,462 $104,745 Down ×6
XOM Exxon Mobil Corporation Common Stock $898,934 0.46% 6,575 $-267,479 Down ×5
GS Goldman Sachs Group, Inc. (The) Common Stock $809,096 0.42% 800 $132,304
XLE SELECT SECTOR SPDR TRUST $803,289 0.41% 15,125 $-145,016 Down ×2
DE Deere & Company Common Stock $634,330 0.33% 1,000 $71,030
XLU XLU $599,349 0.31% 13,219 $-1,764 Up ×1
MRK Merck & Company, Inc. Common Stock (new) $549,980 0.28% 4,280 $35,139
T AT&T Inc. $515,430 0.26% 24,900 $-206,421
XLP XLP $513,788 0.26% 6,185 $-5,063 Down ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $445,847 0.23% 891 $-148,840 Down ×1
AMD Advanced Micro Devices, Inc. - Common Stock $435,683 0.22% 750 Up ×1
QQQ Invesco QQQ Trust, Series 1 $405,756 0.21% 551 $87,730
BHVN Biohaven Ltd. Common Shares $401,760 0.21% 27,000 $257,940 Up ×1
TKO TKO Group Holdings, Inc. Class A Common Stock $362,358 0.19% 1,800 $-612
CNI Canadian National Railway Company Common Stock $349,612 0.18% 2,932 $48,290
TSM Taiwan Semiconductor Manufacturing Company Ltd. $334,299 0.17% 700 $97,734
MAR Marriott International - Class A Common Stock $315,002 0.16% 850 $36,992
NSC Norfolk Southern Corporation Common Stock $314,590 0.16% 1,000 $27,590
MS Morgan Stanley Common Stock $313,560 0.16% 1,500 $66,705
LMT Lockheed Martin Corporation Common Stock $305,676 0.16% 600 $-56,958
TJX TJX Companies, Inc. (The) Common Stock $300,728 0.15% 1,985 $-8,292 Up ×1
CVX Chevron Corporation Common Stock $281,792 0.14% 1,700 $-69,938
AMGN Amgen Inc. - Common Stock $277,022 0.14% 765 $7,857
CSCO Cisco Systems, Inc. - Common Stock $252,539 0.13% 2,150 Up ×1
ASML ASML Holding N.V. - New York Registry Shares $248,680 0.13% 125
WFC Wells Fargo & Company Common Stock $247,920 0.13% 3,000 $9,090
CMCSA Comcast Corporation - Class A Common Stock $245,500 0.13% 10,000
GDV Gabelli Dividend & Income Trust Common Shares of Beneficial Interest $244,020 0.13% 8,300 $20,501
ABBV AbbVie Inc. Common Stock $201,312 0.10% 800 $-16,178 Down ×2

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
GOOG $1,999,848 5,660 1.03%
AMD $435,683 750 0.22%
CSCO $252,539 2,150 0.13%
ASML $248,680 125 0.13%
CMCSA $245,500 10,000 0.13%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
COST Trimmed -7K -$7.4M
JNJ Trimmed -18K -$4.0M
NEE Trimmed -30K -$3.2M
WMT Trimmed -15K -$2.7M
XLK Trimmed -1K +$2.6M
AEP Trimmed -20K -$2.4M
DUK Trimmed -16K -$2.2M
KO Trimmed -27K -$1.7M
WM Trimmed -6K -$1.5M
CAT Bought more +30 +$862K

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
META March 31, 2026 2,745 $1,811,947 27.3%
CMCSA Sept. 30, 2025 47,800 $1,705,982 -31.3%
BA Dec. 31, 2025 6,000 $1,294,980 -10.9%
BLK June 30, 2025 1,100 $1,041,128 1.0%
MCD June 30, 2026 2,435 $756,774 -14.2%
ASML March 31, 2026 625 $668,663 41.4%
VZ Dec. 31, 2025 14,312 $629,012 12.7%
NEM March 31, 2026 5,350 $534,198 6.8%
TSLA Dec. 31, 2025 820 $364,670 -17.6%
QCOM June 30, 2025 2,200 $337,942 16.1%
CB June 30, 2025 1,000 $301,990 14.2%
TMO March 31, 2026 423 $245,107 33.2%
VZ June 30, 2026 4,700 $235,940 8.5%
GOOG March 31, 2026 740 $232,212 18.6%
NFLX June 30, 2026 2,400 $230,760 -6.1%
ABBV June 30, 2025 1,000 $209,520 41.6%
BAC Dec. 31, 2025 4,050 $208,940 -2.3%
LHX June 30, 2026 600 $207,090 -18.6%
MDT June 30, 2025 2,300 $206,678 -0.9%
DIS March 31, 2026 1,800 $204,786 6.0%