Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +35.4%
S&P 500 total return (same window) +37.0%
Excess return -1.6%

Annualized: +27.4% · 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: 96.4% · Options excluded: 0.0%

Sector breakdown

04
Technology 18.0%
Communication Services 11.0%
Financials 6.7%
Retail 4.4%
Industrials 2.9%
Healthcare 1.8%
Consumer Discretionary 0.8%
Energy 0.8%
Consumer products 0.7%
Utilities 0.4%
Materials 0.3%
Consumer Staples 0.1%
Other/Unmapped 52.2%

Full portfolio 134 positions

05
Type Streak 8Q trend
SPY SPY $215,224,507 39.72% 288,207 $26,518,305 Down ×3
GOOGL Alphabet Inc. - Class A Common Stock $28,910,876 5.34% 80,899 $6,377,099 Up ×2
NVDA NVIDIA Corporation - Common Stock $27,989,658 5.17% 139,885 $9,207,244 Up ×1
AAPL Apple Inc. - Common Stock $27,411,886 5.06% 94,733 $6,191,243 Up ×2
QQQ Invesco QQQ Trust, Series 1 $24,991,945 4.61% 33,938 $5,398,722 Down ×2
AMZN Amazon.com, Inc. - Common Stock $21,988,295 4.06% 92,256 $4,539,226 Up ×2
MSFT Microsoft Corporation - Common Stock $16,701,634 3.08% 44,774 $3,327,364 Up ×2
TLT iShares 20+ Year Treasury Bond ETF $13,559,298 2.50% 156,900 Call option Up ×1
META Meta Platforms, Inc. - Class A Common Stock $11,271,433 2.08% 20,010 $3,702,153 Up ×2
GOOG Alphabet Inc. - Class C Capital Stock $9,332,907 1.72% 26,414 $5,341,506 Up ×1
AMAT Applied Materials, Inc. - Common Stock $7,971,798 1.47% 11,026 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $5,857,885 1.08% 12,266 $1,678,795 Down ×1
JBBB Janus Detroit Street Trust $5,311,255 0.98% 112,170 $141,124 Up ×3
VOO VANGUARD INDEX FUNDS $4,689,239 0.87% 6,828 $609,469 Up ×1
AVGO Broadcom Inc. - Common Stock $4,553,399 0.84% 12,054 $833,089 Up ×3
GS Goldman Sachs Group, Inc. (The) Common Stock $4,502,619 0.83% 4,452 Up ×1
BAC Bank of America Corporation Common Stock $4,368,885 0.81% 76,674 $-65,123 Down ×2
NFLX Netflix, Inc. - Common Stock $4,109,070 0.76% 57,550 $-1,729,735 Down ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $3,802,964 0.70% 7,600 $2,723,326 Up ×1
XLY XLY $3,049,280 0.56% 26,000 $215,800
MUB iShares Trust $2,978,873 0.55% 31,018 $360,577 Up ×4
C Citigroup, Inc. Common Stock $2,736,218 0.50% 19,550 Up ×1
LQD iShares Trust $2,477,206 0.46% 22,712 $1,704
MOD Modine Manufacturing Company Common Stock $2,284,356 0.42% 8,555 Up ×1
AFL AFLAC Incorporated Common Stock $2,204,300 0.41% 18,800 Up ×1
CSCO Cisco Systems, Inc. - Common Stock $2,008,566 0.37% 17,100 Up ×1
TSLA Tesla, Inc. - Common Stock $1,979,854 0.37% 4,707 $229,948
UBER Uber Technologies, Inc. Common Stock $1,962,391 0.36% 27,195 $-390,224 Down ×2
AGX Argan, Inc. Common Stock $1,952,455 0.36% 2,445 Up ×1
ADI Analog Devices, Inc. - Common Stock $1,913,168 0.35% 4,817 Up ×1
V Visa Inc. $1,906,894 0.35% 5,558 Up ×1
AXP American Express Company Common Stock $1,906,039 0.35% 5,635 Up ×1
DIA State Street SPDR Dow Jones Industrial Average ETF Trust $1,896,798 0.35% 3,631 $214,955
FDX FedEx Corporation Common Stock $1,784,841 0.33% 5,700 Up ×1
PGR Progressive Corporation (The) Common Stock $1,703,910 0.31% 7,800 Up ×1
DAL Delta Air Lines, Inc. Common Stock $1,657,782 0.31% 17,700 Up ×1
DHI D.R. Horton, Inc. Common Stock $1,628,800 0.30% 10,000 Up ×1
MSI Motorola Solutions, Inc. Common Stock $1,610,079 0.30% 3,877 Up ×1
VRTX Vertex Pharmaceuticals Incorporated - Common Stock $1,589,536 0.29% 3,200 Up ×1
XOM Exxon Mobil Corporation Common Stock $1,584,448 0.29% 11,589 $717,316 Up ×1
CVS CVS Health Corporation Common Stock $1,536,853 0.28% 14,856 Up ×1
PNC PNC Financial Services Group, Inc. (The) Common Stock $1,477,320 0.27% 6,000 Up ×1
ORCL Oracle Corporation Common Stock $1,465,500 0.27% 10,000
SPYG SPDR SERIES TRUST $1,432,045 0.26% 12,035 $253,698
ALL Allstate Corporation (The) Common Stock $1,427,640 0.26% 6,000 Up ×1
NEE NextEra Energy, Inc. Common Stock $1,404,320 0.26% 16,000 Up ×1
BK The Bank of New York Mellon Corporation Common Stock $1,371,600 0.25% 10,000 Up ×1
AIZ Assurant, Inc. Common Stock $1,369,503 0.25% 5,100 Up ×1
TRV The Travelers Companies, Inc. Common Stock $1,353,492 0.25% 4,100 Up ×1
MRK Merck & Company, Inc. Common Stock (new) $1,285,000 0.24% 10,000 Up ×1
LOW Lowe's Companies, Inc. Common Stock $1,278,842 0.24% 5,800 Up ×1
LNC Lincoln National Corporation Common Stock $1,272,600 0.23% 36,000 Up ×1
IVV iShares Trust $1,141,077 0.21% 1,524 $692,262 Up ×1
AON Aon plc Class A Ordinary Shares (Ireland) $1,112,820 0.21% 3,355 Up ×1
CI The Cigna Group Common Stock $1,102,720 0.20% 4,000 Up ×1
OMC Omnicom Group Inc. Common Stock $1,012,337 0.19% 13,900 Up ×1
AVT Avnet, Inc. - Common Stock $995,672 0.18% 11,210 Up ×1
CVX Chevron Corporation Common Stock $982,128 0.18% 5,925 $-243,755
WDC Western Digital Corporation - Common Stock $957,441 0.18% 1,499 $752,410 Up ×1
LKQ LKQ Corporation - Common Stock $950,513 0.18% 36,100 Up ×1
JCI Johnson Controls International plc Ordinary Share $927,945 0.17% 6,351 Up ×1
ABBV AbbVie Inc. Common Stock $905,904 0.17% 3,600 Up ×1
EOG EOG Resources, Inc. Common Stock $830,272 0.15% 6,400 Up ×1
GPI Group 1 Automotive, Inc. Common Stock $824,011 0.15% 2,830 Up ×1
IUSB iShares Core Universal USD Bond ETF $813,354 0.15% 17,687 Up ×1
JXN Jackson Financial Inc. Class A Common Stock $798,642 0.15% 7,800 $-25,974
ITT ITT Inc. Common Stock $781,152 0.14% 3,950 Up ×1
GPC Genuine Parts Company Common Stock $768,758 0.14% 6,516 Up ×1
DVN Devon Energy Corporation Common Stock $702,440 0.13% 17,000 Up ×1
BMY Bristol-Myers Squibb Company Common Stock $691,440 0.13% 12,000 Up ×1
CMF iShares Trust $649,719 0.12% 11,300 $8,788
DELL Dell Technologies Inc. Class C Common Stock $636,835 0.12% 1,476 $394,579
PFE Pfizer, Inc. Common Stock $630,896 0.12% 26,200 Up ×1
JPM JP Morgan Chase & Co. Common Stock $627,819 0.12% 1,918 $416,612 Up ×1
HYG iShares Trust $625,406 0.12% 7,821 $3,089
CECO CECO Environmental Corp. - Common Stock $620,662 0.11% 6,840 Up ×1
VZ Verizon Communications Inc. Common Stock $609,696 0.11% 14,400 Up ×1
ED Consolidated Edison, Inc. Common Stock $597,402 0.11% 5,400 Up ×1
NVS Novartis AG Common Stock $595,536 0.11% 3,800 Up ×1
GD General Dynamics Corporation Common Stock $566,784 0.10% 1,600 Up ×1
SNDK Sandisk Corporation - Common Stock $561,611 0.10% 247 Up ×1
LEN Lennar Corporation Class A Common Stock $551,989 0.10% 6,100 Up ×1
THC Tenet Healthcare Corporation Common Stock $539,726 0.10% 2,885 Up ×1
MKSI MKS Inc. - Common Stock $533,760 0.10% 1,200 Up ×1
DIS Walt Disney Company (The) Common Stock $529,375 0.10% 5,500 Up ×1
GRNY Fundstrat Granny Shots US Large Cap ETF $505,387 0.09% 18,278 $69,091
TMHC Taylor Morrison Home Corporation Common Stock $499,310 0.09% 6,960 Up ×1
PEP PepsiCo, Inc. - Common Stock $460,360 0.08% 3,400 Up ×1
Unknown issuer (CUSIP: 314352105) $430,350 0.08% 2,850 Up ×1
SMH SMH $422,393 0.08% 644 $175,483
VCSH Vanguard Short-Term Corporate Bond ETF $414,736 0.08% 5,267 $-1,215
SMG Scotts Miracle-Gro Company (The) Common Stock $395,038 0.07% 5,800 $42,340
AIG American International Group, Inc. New Common Stock $384,202 0.07% 5,155 $-3,712
JNJ Johnson & Johnson Common Stock $383,495 0.07% 1,510 Up ×1
RTX RTX Corporation Common Stock $381,357 0.07% 2,010 Up ×1
DOV Dover Corporation Common Stock $381,276 0.07% 1,700 Up ×1
ITOT iShares Trust $376,838 0.07% 2,294 $50,691 Up ×2
IWM iShares Trust $360,540 0.07% 1,200 $63,024
LSTR Landstar System, Inc. - Common Stock $359,849 0.07% 1,740 Up ×1
COIN Coinbase Global, Inc. - 3Class A Common Stock $353,341 0.07% 2,417 $-361,163 Down ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
JBBB $5,311,255 0.98% up ×3
AVGO $4,553,399 0.84% up ×3
MUB $2,978,873 0.55% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
TLT $13,559,298 156,900 2.50%
AMAT $7,971,798 11,026 1.47%
GS $4,502,619 4,452 0.83%
C $2,736,218 19,550 0.50%
MOD $2,284,356 8,555 0.42%
AFL $2,204,300 18,800 0.41%
CSCO $2,008,566 17,100 0.37%
AGX $1,952,455 2,445 0.36%
ADI $1,913,168 4,817 0.35%
V $1,906,894 5,558 0.35%
AXP $1,906,039 5,635 0.35%
FDX $1,784,841 5,700 0.33%
PGR $1,703,910 7,800 0.31%
DAL $1,657,782 17,700 0.31%
DHI $1,628,800 10,000 0.30%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPY Trimmed -2K +$26.5M
NVDA Bought more +32K +$9.2M
GOOGL Bought more +3K +$6.4M
AAPL Bought more +11K +$6.2M
QQQ Trimmed -2 +$5.4M
GOOG Bought more +12K +$5.3M
AMZN Bought more +8K +$4.5M
META Bought more +7K +$3.7M
MSFT Bought more +9K +$3.3M
BRK-B (filed as BRKB) Bought more +5K +$2.7M

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
QQQ Sept. 30, 2025 26,735 $14,748,095 24.0%
RCL Sept. 30, 2025 5,000 $1,565,700 -14.2%
PANW March 31, 2026 3,736 $688,171 151.5%
BX March 31, 2026 3,351 $516,523 -2.8%
BCSF Dec. 31, 2025 31,500 $448,868 -20.6%
SPOT March 31, 2026 636 $369,332 -2.5%
RBLX Dec. 31, 2025 2,620 $362,922 -45.6%
ALAB March 31, 2026 2,000 $332,720 219.6%
WMT Dec. 31, 2025 3,110 $320,517 -6.4%
ORCL March 31, 2026 1,500 $292,365 -3.3%
VUG Dec. 31, 2025 494 $236,927
AHCO June 30, 2025 21,842 $236,767 -40.6%
SPWR June 30, 2025 150,000 $232,500 -83.7%
GE March 31, 2026 739 $227,634 9.1%
SHOP March 31, 2026 1,410 $226,968 27.6%
UPS Sept. 30, 2025 2,225 $224,592 11.4%
RIVN Dec. 31, 2025 14,908 $218,849 -27.4%
PLTR March 31, 2026 1,200 $213,300 29.0%
DELL Dec. 31, 2025 1,476 $209,253 346.9%
NVTS Sept. 30, 2025 10,000 $65,500 71.7%