Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +0.7%
S&P 500 total return (same window) +37.0%
Excess return -36.3%

Annualized: +0.6% · 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: 100.0% · Options excluded: 0.0%

Sector breakdown

04
Materials 47.4%
Consumer Staples 34.4%
Consumer products 9.2%
Consumer Discretionary 9.0%

Full portfolio 4 positions

05
Type Streak 8Q trend
IFF International Flavors & Fragrances, Inc. Common Stock $212,525,871 47.41% 2,682,730 $36,756,809 Up ×2
LW Lamb Weston Holdings, Inc. Common Stock $154,112,874 34.38% 3,569,080 $42,796,653 Up ×2
EL Estee Lauder Companies, Inc. (The) Common Stock $41,077,685 9.16% 520,300 $3,735,754
QSR Restaurant Brands International Inc. Common Shares $40,545,997 9.05% 559,178 $-777,257

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
LW Bought more +935K +$42.8M
IFF Bought more +260K +$36.8M
EL Price move only +0 +$3.7M
QSR Price move only +0 -$777K