Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +21.2%
S&P 500 total return (same window) +37.0%
Excess return -15.8%

Annualized: +16.6% · 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: 94.3% · Options excluded: 0.0%

Sector breakdown

04
Technology 13.9%
Healthcare 13.1%
Energy 8.1%
Retail 7.3%
Communication Services 6.9%
Industrials 6.4%
Financials 6.3%
Consumer products 3.1%
Materials 3.0%
Consumer Staples 2.5%
Utilities 0.8%
Real Estate 0.3%
Consumer Discretionary 0.3%
Other/Unmapped 28.0%

Full portfolio 85 positions

05
Type Streak 8Q trend
SCHD SCHWAB STRATEGIC TRUST $8,815,287 7.88% 277,997 $532,577 Up ×4
JNJ Johnson & Johnson Common Stock $5,602,427 5.01% 22,059 $244,402 Up ×2
CSCO Cisco Systems, Inc. - Common Stock $5,324,845 4.76% 45,333 $1,698,146 Down ×1
AAPL Apple Inc. - Common Stock $5,048,594 4.52% 17,447 $580,033 Down ×6
JPM JP Morgan Chase & Co. Common Stock $4,861,505 4.35% 14,852 $456,734 Down ×6
MSFT Microsoft Corporation - Common Stock $4,320,929 3.86% 11,584 $109,320 Up ×3
ABBV AbbVie Inc. Common Stock $3,789,447 3.39% 15,059 $548,629 Up ×2
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $3,631,095 3.25% 5,163 $474,781 Up ×6
AMGN Amgen Inc. - Common Stock $3,324,986 2.97% 9,182 $216,743 Up ×1
CVX Chevron Corporation Common Stock $2,918,536 2.61% 17,607 $-1,002,426 Down ×6
PG Procter & Gamble Company (The) Common Stock $2,916,067 2.61% 19,886 $165,273 Up ×3
HD Home Depot, Inc. (The) Common Stock $2,880,375 2.58% 8,167 $194,137 Down ×1
SCHG SCHWAB STRATEGIC TRUST $2,285,963 2.04% 67,552 $314,938 Down ×1
APD Air Products and Chemicals, Inc. Common Stock $2,183,605 1.95% 7,448 $-13,952 Down ×2
XOM Exxon Mobil Corporation Common Stock $2,122,761 1.90% 15,526 $-584,431 Down ×5
PEP PepsiCo, Inc. - Common Stock $2,079,504 1.86% 15,358 $-323,241 Down ×1
PSX Phillips 66 Common Stock $1,957,430 1.75% 11,579 $-208,508 Down ×6
NVDA NVIDIA Corporation - Common Stock $1,885,448 1.69% 9,423 $319,661 Up ×3
COST Costco Wholesale Corporation - Common Stock $1,822,296 1.63% 1,948 $-74,907 Up ×1
AMZN Amazon.com, Inc. - Common Stock $1,778,970 1.59% 7,464 $273,724 Up ×4
WMT Walmart Inc. - Common Stock $1,705,470 1.53% 15,058 $-165,438 Up ×1
CMI Cummins Inc. Common Stock $1,627,545 1.46% 2,282 $376,648 Down ×5
VCSH Vanguard Short-Term Corporate Bond ETF $1,529,784 1.37% 19,357 $411,839 Up ×2
VIOG VANGUARD ADMIRAL FUNDS $1,412,538 1.26% 9,207 $318,037 Up ×6
SWK Stanley Black & Decker, Inc. Common Stock $1,357,493 1.21% 14,423 $283,563 Down ×1
VZ Verizon Communications Inc. Common Stock $1,310,818 1.17% 30,959 $-237,152 Up ×2
SCHM SCHWAB STRATEGIC TRUST $1,296,202 1.16% 35,156 $204,707 Down ×1
QCOM QUALCOMM Incorporated - Common Stock $1,221,277 1.09% 6,609 $371,458 Up ×1
TXN Texas Instruments Incorporated - Common Stock $1,029,236 0.92% 3,453 $288,980 Down ×2
SCHA SCHWAB STRATEGIC TRUST $1,007,776 0.90% 27,893 $147,996 Down ×6
XLK SELECT SECTOR SPDR TRUST $1,006,327 0.90% 5,282 $335,846 Up ×5
Unknown issuer (CUSIP: 43849R105) $954,623 0.85% 4,318 Up ×1
CB Chubb Limited Common Stock $931,924 0.83% 2,735 $105,691 Up ×6
SCHF SCHWAB STRATEGIC TRUST $923,022 0.83% 33,322 $103,302 Up ×2
HON Honeywell International Inc. - Common Stock $901,198 0.81% 4,025 $-867,261 Down ×1
DUK Duke Energy Corporation (Holding Company) Common Stock $857,073 0.77% 6,771 $50,090 Up ×3
WDIV SPDR INDEX SHARES FUNDS $829,833 0.74% 10,385 $66,522 Up ×4
ABT Abbott Laboratories Common Stock $817,567 0.73% 9,010 $-258,107 Down ×1
LMT Lockheed Martin Corporation Common Stock $803,418 0.72% 1,577 $-146,683 Up ×4
MA Mastercard Incorporated Common Stock $794,026 0.71% 1,546 $51,531 Up ×3
VLO Valero Energy Corporation Common Stock $774,809 0.69% 2,975 $38,511 Down ×5
SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) $772,298 0.69% 9,960 $-303,712 Down ×6
SCHX SCHWAB STRATEGIC TRUST $753,437 0.67% 25,601 $487,807 Up ×4
SPYG SPDR SERIES TRUST $738,571 0.66% 6,207 $131,039 Up ×1
MRK Merck & Company, Inc. Common Stock (new) $706,428 0.63% 5,497 $42,552 Down ×1
IQLT iShares Trust $692,709 0.62% 13,980 $62,086 Up ×4
CSX CSX Corporation - Common Stock $655,914 0.59% 13,800 $77,109 Down ×5
SOLS Solstice Advanced Materials Inc. - Common Stock $627,997 0.56% 7,088 $81,930 Down ×1
CRM Salesforce, Inc. Common Stock $600,008 0.54% 3,830 $-218,167 Down ×1
SPYV SPDR SERIES TRUST $528,751 0.47% 8,698 $36,618
KMB Kimberly-Clark Corporation - Common Stock $524,908 0.47% 4,782 $93,265 Up ×1
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $515,120 0.46% 675 $202,792 Down ×1
SPY SPY $514,525 0.46% 689 $148,384 Up ×3
RSPT Invesco Exchange-Traded Fund Trust $513,227 0.46% 7,957 $159,430 Up ×2
ARM Arm Holdings plc - American Depositary Shares $504,553 0.45% 1,423 $285,500 Down ×1
KO Coca-Cola Company (The) Common Stock $485,386 0.43% 5,973 $46,548 Up ×1
LHX L3Harris Technologies, Inc. Common Stock $467,850 0.42% 1,610 $-92,674 Down ×2
BA Boeing Company (The) Common Stock $461,731 0.41% 2,133 $214,138 Up ×1
LLY Eli Lilly and Company Common Stock $460,581 0.41% 384 $120,266 Up ×1
XMMO Invesco Exchange-Traded Fund Trust $453,083 0.41% 2,663 $115,766 Up ×5
SLYG SPDR SERIES TRUST $438,041 0.39% 3,677 $101,224 Up ×4
SLYV SPDR SERIES TRUST $427,711 0.38% 3,920 $56,957
VV VANGUARD INDEX FUNDS $412,692 0.37% 1,200 $-229,836 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $411,629 0.37% 1,165 Up ×1
XAR SPDR SERIES TRUST $401,563 0.36% 1,415 $48,531 Up ×4
SIGI Selective Insurance Group, Inc. - Common Stock $400,651 0.36% 4,130 $89,290
FNDF SCHWAB STRATEGIC TRUST $395,594 0.35% 7,498 $33,952 Up ×4
META Meta Platforms, Inc. - Class A Common Stock $393,176 0.35% 698 $17,213 Up ×2
O Realty Income Corporation Common Stock $386,016 0.35% 6,230 $54,787 Up ×6
ORCL Oracle Corporation Common Stock $359,802 0.32% 2,455 $-19,485 Down ×3
SCHV SCHWAB STRATEGIC TRUST $331,082 0.30% 9,511 Up ×1
GPC Genuine Parts Company Common Stock $320,564 0.29% 2,717 $12,120 Down ×2
COHR Coherent Corp. Common Stock $315,576 0.28% 800 Up ×1
UNP Union Pacific Corporation Common Stock $308,720 0.28% 1,135 $41,110 Up ×1
DD DuPont de Nemours, Inc. Common Stock $289,320 0.26% 2,133 $-6,502 Down ×2
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF $287,874 0.26% 5,493 Up ×1
GIS General Mills, Inc. Common Stock $285,313 0.26% 8,199 $-87,391 Down ×2
CTVA Corteva, Inc. Common Stock $277,275 0.25% 3,274 $2,539 Down ×1
IVV iShares Trust $275,117 0.25% 367 $63,237 Up ×1
GEV GE Vernova Inc. Common Stock $269,043 0.24% 229 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $258,736 0.23% 724 Up ×1
MPC Marathon Petroleum Corporation Common Stock $257,598 0.23% 1,008 $7,076 Down ×1
VIG VANGUARD SPECIALIZED FUNDS $244,902 0.22% 1,035 Up ×1
OKE ONEOK, Inc. Common Stock $216,307 0.19% 2,488 $-8,583
SCHB SCHWAB STRATEGIC TRUST $215,049 0.19% 7,426 Up ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
SCHD $8,815,287 7.88% up ×4
MSFT $4,320,929 3.86% up ×3
MDY $3,631,095 3.25% up ×6
PG $2,916,067 2.61% up ×3
NVDA $1,885,448 1.69% up ×3
AMZN $1,778,970 1.59% up ×4
VIOG $1,412,538 1.26% up ×6
XLK $1,006,327 0.90% up ×5
CB $931,924 0.83% up ×6
DUK $857,073 0.77% up ×3
WDIV $829,833 0.74% up ×4
LMT $803,418 0.72% up ×4
MA $794,026 0.71% up ×3
SCHX $753,437 0.67% up ×4
IQLT $692,709 0.62% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 43849R105) $954,623 4,318 0.85%
GOOG $411,629 1,165 0.37%
SCHV $331,082 9,511 0.30%
COHR $315,576 800 0.28%
IGSB $287,874 5,493 0.26%
GEV $269,043 229 0.24%
GOOGL $258,736 724 0.23%
VIG $244,902 1,035 0.22%
SCHB $215,049 7,426 0.19%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
CSCO Trimmed -1K +$1.7M
CVX Trimmed -1K -$1.0M
HON Trimmed -4K -$867K
XOM Trimmed -431 -$584K
AAPL Trimmed -160 +$580K
ABBV Bought more +158 +$549K
SCHD Bought more +8K +$533K
SCHX Bought more +15K +$488K
MDY Bought more +45 +$475K
JPM Trimmed -122 +$457K

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
DOW Sept. 30, 2025 40,398 $1,069,739 22.0%
INTU June 30, 2026 2,388 $1,032,523 7.7%
PCAR March 31, 2026 6,992 $765,643 -5.0%
BDX June 30, 2025 3,230 $739,944 30.6%
RTX June 30, 2026 2,425 $467,783 -2.7%
BMY June 30, 2026 6,200 $376,030 6.1%
MCD June 30, 2025 1,163 $363,286 -20.6%
SPY June 30, 2025 580 $324,446 No longer tracked
QQQ June 30, 2025 612 $286,979 35.0%
REGN June 30, 2025 411 $260,669 40.0%
QQQ June 30, 2026 396 $228,563 1.1%
MPC Dec. 31, 2025 1,182 $227,809 159.7%
ARM Dec. 31, 2025 1,571 $222,281 181.3%
REGN March 31, 2026 279 $215,352 -4.8%
RSPH June 30, 2025 7,207 $214,408 28.0%
CTVA June 30, 2025 3,372 $212,200 -84.0%
MMM June 30, 2025 1,444 $212,066 6.3%
DIS Dec. 31, 2025 1,764 $202,016 -10.2%
QIPT March 31, 2026 10,000 $35,300 No longer tracked
QIPT Sept. 30, 2025 10,000 $17,900 No longer tracked