Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +28.3%
S&P 500 total return (same window) +37.0%
Excess return -8.7%

Annualized: +22.1% · 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: 90.0% · Options excluded: 0.0%

Sector breakdown

04
Technology 22.5%
Healthcare 14.3%
Financials 11.1%
Retail 7.9%
Industrials 7.0%
Energy 5.6%
Communication Services 5.6%
Consumer Staples 2.3%
Consumer Discretionary 1.4%
Utilities 1.3%
Consumer products 1.2%
Materials 1.1%
Real Estate 0.3%
Other/Unmapped 18.4%

Full portfolio 314 positions

05
Type Streak 8Q trend
AAPL Apple Inc. - Common Stock $57,300,251 5.35% 198,024 $8,832,176 Up ×1
LLY Eli Lilly and Company Common Stock $57,188,824 5.34% 47,680 $14,110,477 Up ×1
MSFT Microsoft Corporation - Common Stock $34,274,163 3.20% 91,883 $3,609,315 Up ×1
NVDA NVIDIA Corporation - Common Stock $33,577,504 3.14% 167,812 $13,173,925 Up ×1
ABBV AbbVie Inc. Common Stock $27,938,583 2.61% 111,026 $3,920,075 Up ×1
JPM JP Morgan Chase & Co. Common Stock $25,630,921 2.39% 78,303 $4,478,760 Up ×1
AVGO Broadcom Inc. - Common Stock $25,090,533 2.34% 66,421 $7,921,394 Up ×1
IVV iShares Trust $24,522,077 2.29% 32,745 $3,056,576 Down ×2
V Visa Inc. $22,587,471 2.11% 65,835 $3,031,511 Up ×1
AMZN Amazon.com, Inc. - Common Stock $21,918,940 2.05% 91,965 $5,744,691 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $21,023,387 1.96% 42,014 $1,634,476 Up ×6
JNJ Johnson & Johnson Common Stock $20,978,799 1.96% 82,604 $1,191,271 Up ×1
IAU iShares Gold Trust Shares $20,344,359 1.90% 269,426 $-3,640,804 Down ×2
XOM Exxon Mobil Corporation Common Stock $18,151,770 1.70% 132,766 $-3,412,700 Up ×1
LRCX Lam Research Corporation - Common Stock $17,981,461 1.68% 41,496 $10,594,594 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $17,950,695 1.68% 50,230 $4,931,703 Up ×1
QQQ Invesco QQQ Trust, Series 1 $17,328,965 1.62% 23,532 $4,173,877 Up ×2
WMT Walmart Inc. - Common Stock $16,465,739 1.54% 145,380 $-991,873 Up ×1
SPY SPY $16,065,263 1.50% 21,513 $2,105,715 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $15,285,055 1.43% 43,260 $3,271,931 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $14,453,657 1.35% 30,265 $5,367,532 Up ×1
TJX TJX Companies, Inc. (The) Common Stock $14,256,455 1.33% 94,102 $-159,984 Up ×1
LMT Lockheed Martin Corporation Common Stock $13,990,283 1.31% 27,461 $-2,576,047 Up ×1
PM Philip Morris International Inc Common Stock $10,516,117 0.98% 58,129 $991,376 Up ×3
PSX Phillips 66 Common Stock $10,126,635 0.95% 59,903 $-382,999 Up ×1
MA Mastercard Incorporated Common Stock $9,762,508 0.91% 19,008 $1,065,424 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $9,693,064 0.91% 16,686 $6,586,891 Up ×1
CSCO Cisco Systems, Inc. - Common Stock $9,571,932 0.89% 81,491 $3,257,502 Up ×5
COST Costco Wholesale Corporation - Common Stock $9,100,251 0.85% 9,728 $1,058,063 Up ×1
SLV iShares Silver Trust $8,887,622 0.83% 166,217 $-2,615,909 Down ×2
HD Home Depot, Inc. (The) Common Stock $8,808,371 0.82% 24,976 $1,523,611 Up ×1
ASML ASML Holding N.V. - New York Registry Shares $8,733,643 0.82% 4,390 $3,762,039 Up ×2
MMM 3M Company Common Stock $8,581,810 0.80% 53,004 $783,891 Down ×1
RTX RTX Corporation Common Stock $8,412,426 0.79% 44,339 $648,406 Up ×3
BLK BlackRock, Inc. Common Stock $8,042,642 0.75% 8,365 $277,910 Up ×6
MRK Merck & Company, Inc. Common Stock (new) $8,000,412 0.75% 62,260 $934,577 Up ×6
CME CME Group Inc. - Class A Common Stock $7,786,908 0.73% 35,262 $-3,020,541 Down ×2
META Meta Platforms, Inc. - Class A Common Stock $7,722,705 0.72% 13,710 $2,780,646 Up ×1
CVX Chevron Corporation Common Stock $7,207,107 0.67% 43,479 $-1,617,627 Up ×3
USB U.S. Bancorp Common Stock $7,074,108 0.66% 117,121 $982,385 Down ×1
MCD McDonald's Corporation Common Stock $6,725,592 0.63% 24,881 $-888,152 Up ×1
AMGN Amgen Inc. - Common Stock $6,525,849 0.61% 18,021 $300,483 Up ×6
GILD Gilead Sciences, Inc. - Common Stock $5,977,398 0.56% 47,312 $-771,873 Down ×3
VLO Valero Energy Corporation Common Stock $5,658,320 0.53% 21,726 $473,840 Up ×5
CAT Caterpillar, Inc. Common Stock $5,534,287 0.52% 5,197 $2,541,043 Up ×1
MO Altria Group, Inc. $5,480,360 0.51% 76,169 $526,886 Up ×3
EWZ iShares MSCI Brazil ETF $5,475,049 0.51% 158,697 $-175,844 Up ×5
LOW Lowe's Companies, Inc. Common Stock $5,339,385 0.50% 24,216 $466,345 Up ×1
QCOM QUALCOMM Incorporated - Common Stock $5,068,790 0.47% 27,430 $2,264,090 Up ×2
NEM Newmont Corporation $5,029,123 0.47% 53,845 $-1,224,047 Down ×1
ETN Eaton Corporation, PLC Ordinary Shares $5,009,892 0.47% 11,757 $1,319,811 Up ×1
EWJ iShares MSCI Japan Index Fund $4,970,825 0.46% 53,295 $729,403 Up ×2
IBM International Business Machines Corporation Common Stock $4,965,886 0.46% 17,659 $1,009,112 Up ×1
XLK SELECT SECTOR SPDR TRUST $4,915,226 0.46% 25,799 $2,019,600 Up ×1
BMY Bristol-Myers Squibb Company Common Stock $4,883,007 0.46% 84,745 $79,709 Up ×3
GE GE Aerospace Common Stock $4,785,987 0.45% 12,806 $1,390,680 Up ×5
BINC iShares Flexible Income Active ETF $4,637,848 0.43% 88,610 $366,085 Up ×6
DUK Duke Energy Corporation (Holding Company) Common Stock $4,505,488 0.42% 35,594 $66,753 Up ×4
KO Coca-Cola Company (The) Common Stock $4,443,732 0.42% 54,679 $804,692 Up ×4
COPX Global X Funds $4,402,299 0.41% 57,195 $794,227 Up ×2
TXN Texas Instruments Incorporated - Common Stock $4,294,294 0.40% 14,407 $1,886,376 Up ×1
CNQ Canadian Natural Resources Limited Common Stock $4,195,216 0.39% 106,208 $-1,081,416 Down ×1
GLW Corning Incorporated Common Stock $4,074,364 0.38% 15,951 $2,163,442 Up ×1
ROST Ross Stores, Inc. - Common Stock $4,055,218 0.38% 19,052 $47,779 Up ×1
ABT Abbott Laboratories Common Stock $4,037,022 0.38% 44,490 $-2,692,177 Down ×2
AEP American Electric Power Company, Inc. - Common Stock $3,851,611 0.36% 28,153 $150,174 Down ×2
AGG iShares Trust $3,835,574 0.36% 38,751 $287,565 Up ×5
KMB Kimberly-Clark Corporation - Common Stock $3,733,389 0.35% 34,011 $3,530,802 Up ×1
ACMR ACM Research, Inc. - Class A Common Stock $3,606,848 0.34% 28,425 $2,984,330 Up ×1
COR Cencora, Inc. Common Stock $3,574,603 0.33% 12,632 $-1,101,207 Down ×2
ACN Accenture plc Class A Ordinary Shares (Ireland) $3,548,408 0.33% 28,515 $1,506,814 Up ×1
CL Colgate-Palmolive Company Common Stock $3,451,661 0.32% 37,649 $2,409,469 Up ×2
NFLX Netflix, Inc. - Common Stock $3,433,840 0.32% 48,093 $730,199 Up ×5
IWF iShares Russell 1000 Growth Fund $3,418,152 0.32% 27,528 $483,240 Up ×1
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $3,405,467 0.32% 35,481 $-898,563 Up ×2
PFE Pfizer, Inc. Common Stock $3,334,430 0.31% 138,473 $-322,878 Up ×4
GDXJ VanEck Junior Gold Miners ETF $3,143,804 0.29% 31,998 $-632,414 Up ×1
LHX L3Harris Technologies, Inc. Common Stock $3,065,970 0.29% 10,551 $-581,177 Down ×1
DIS Walt Disney Company (The) Common Stock $2,983,268 0.28% 30,995 $16,499 Up ×2
OKE ONEOK, Inc. Common Stock $2,957,525 0.28% 34,018 $209,126 Up ×2
PAYX Paychex, Inc. - Common Stock $2,944,289 0.27% 29,943 $-131,776 Down ×6
IEMG iShares, Inc. $2,929,470 0.27% 35,363 $1,721,539 Up ×1
PG Procter & Gamble Company (The) Common Stock $2,891,550 0.27% 19,719 $183,632 Up ×1
REYN Reynolds Consumer Products Inc. - Common Stock $2,883,745 0.27% 107,402 $1,180,492 Up ×1
KMI Kinder Morgan, Inc. Common Stock $2,799,678 0.26% 87,572 $-312,945 Down ×1
URA Global X Uranium ETF $2,788,717 0.26% 63,815 $-266,780 Up ×3
VXF Vanguard Extended Market ETF $2,787,097 0.26% 11,320 $1,074,841 Up ×1
IEFA iShares Core MSCI EAFE ETF $2,590,276 0.24% 26,820 $447,340 Up ×6
RSP Invesco Exchange-Traded Fund Trust $2,554,942 0.24% 12,008 $665,489 Up ×2
SMH SMH $2,434,664 0.23% 3,712 Up ×1
ALAB Astera Labs, Inc. - Common Stock $2,427,659 0.23% 5,026 Up ×1
STT State Street Corporation Common Stock $2,379,318 0.22% 14,029 $482,943 Down ×1
TSLA Tesla, Inc. - Common Stock $2,344,424 0.22% 5,574 $1,429,547 Up ×1
FXI iShares China Large-Cap ETF $2,316,337 0.22% 73,325 $-252,668 Up ×5
GD General Dynamics Corporation Common Stock $2,294,413 0.21% 6,477 $406,017 Up ×3
EIS iShares, Inc. $2,292,283 0.21% 18,990 Up ×1
KWEB Krane Shares Trust $2,201,688 0.21% 89,975 Up ×1
XLC SELECT SECTOR SPDR TRUST $2,201,522 0.21% 20,550 $-21,775 Up ×1
XLV SELECT SECTOR SPDR TRUST $2,197,917 0.21% 13,853 $196,984 Up ×1
CALM Cal-Maine Foods, Inc. - Common Stock $2,128,798 0.20% 26,425 $66,228 Up ×2

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
BRK-B (filed as BRKB) $21,023,387 1.96% up ×6
PM $10,516,117 0.98% up ×3
CSCO $9,571,932 0.89% up ×5
RTX $8,412,426 0.79% up ×3
BLK $8,042,642 0.75% up ×6
MRK $8,000,412 0.75% up ×6
CVX $7,207,107 0.67% up ×3
AMGN $6,525,849 0.61% up ×6
VLO $5,658,320 0.53% up ×5
MO $5,480,360 0.51% up ×3
EWZ $5,475,049 0.51% up ×5
BMY $4,883,007 0.46% up ×3
GE $4,785,987 0.45% up ×5
BINC $4,637,848 0.43% up ×6
DUK $4,505,488 0.42% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
SMH $2,434,664 3,712 0.23%
ALAB $2,427,659 5,026 0.23%
EIS $2,292,283 18,990 0.21%
KWEB $2,201,688 89,975 0.21%
INDA $2,050,080 41,508 0.19%
UNH $1,578,147 3,797 0.15%
PANW $1,559,485 4,573 0.15%
FTI $1,413,980 21,327 0.13%
JPST $1,362,862 26,950 0.13%
MRVL $1,137,940 3,820 0.11%
TLT $1,080,250 12,500 0.10%
STX $895,520 928 0.08%
GVI $795,713 7,500 0.07%
APH $752,357 4,267 0.07%
FCX $730,027 11,608 0.07%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
LLY Bought more +844 +$14.1M
NVDA Bought more +51K +$13.2M
LRCX Bought more +7K +$10.6M
AAPL Bought more +7K +$8.8M
AVGO Bought more +11K +$7.9M
AMD Bought more +1K +$6.6M
AMZN Bought more +14K +$5.7M
TSM Bought more +3K +$5.4M
GOOGL Bought more +5K +$4.9M
JPM Bought more +6K +$4.5M

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
XMHQ June 30, 2025 90,408 $8,275,045
UNH June 30, 2025 8,585 $4,496,395 21.4%
EWY June 30, 2026 25,340 $3,117,074
LYB Dec. 31, 2025 48,711 $2,388,787 36.8%
ZTS Dec. 31, 2025 10,319 $1,509,875 -43.2%
CTRA Sept. 30, 2025 55,932 $1,419,554 No longer tracked
URA June 30, 2025 60,125 $1,378,065 3.6%
EQIX Dec. 31, 2025 1,720 $1,347,173 33.6%
MOS June 30, 2026 38,355 $978,053 0.5%
LNG Dec. 31, 2025 4,061 $954,254 41.4%
HON June 30, 2026 3,919 $885,812 -4.4%
SBAC March 31, 2026 4,000 $773,720 -6.0%
OMER March 31, 2026 42,000 $721,350 79.0%
ADBE March 31, 2026 1,486 $520,086 -1.8%
IJR June 30, 2025 4,001 $418,385 26.5%
KMB Dec. 31, 2025 3,326 $413,555 -5.4%
WDAY March 31, 2026 1,611 $346,011 45.4%
OKE Sept. 30, 2025 4,200 $342,846 21.4%
SCHG March 31, 2026 8,926 $291,166 24.5%
VB June 30, 2025 1,250 $277,188
IDEV March 31, 2026 3,321 $273,916
CMG Sept. 30, 2025 4,703 $264,073 -21.3%
ALB June 30, 2026 1,410 $253,138 -22.7%
SHEL Dec. 31, 2025 3,442 $246,206 31.4%
FTCS Dec. 31, 2025 2,605 $243,932
IRM June 30, 2025 2,815 $242,203 9.5%
SPTS June 30, 2026 8,295 $242,048
GEV Sept. 30, 2025 457 $241,822 61.0%
MCK June 30, 2025 357 $240,257 24.9%
DEO June 30, 2026 3,200 $238,241 4.5%
FISV Dec. 31, 2025 1,825 $235,297 -31.3%
MKL March 31, 2026 109 $234,312 -9.8%
PGR June 30, 2025 817 $231,219 -20.3%
GSLC March 31, 2026 1,715 $227,015
PLTR March 31, 2026 1,268 $225,387 29.5%
KMX Dec. 31, 2025 5,013 $224,933 42.0%
EQT June 30, 2025 4,172 $222,905 -12.3%
UBER Sept. 30, 2025 2,373 $221,401 -29.1%
TDG Sept. 30, 2025 144 $218,972 -17.1%
XLF March 31, 2026 3,860 $211,412 9.1%
GBTC March 31, 2026 3,067 $209,660 25.5%
SCHX March 31, 2026 7,735 $208,149 18.4%
SNA June 30, 2025 606 $204,228 18.1%
JBL Sept. 30, 2025 936 $204,142 38.6%
FBND June 30, 2025 4,440 $202,686
CCK June 30, 2026 2,011 $201,603 -4.7%
OHI Sept. 30, 2025 5,500 $201,575 7.4%
MRSH Dec. 31, 2025 1,000 $201,530 -8.1%
NKE March 31, 2026 3,162 $201,451 -35.7%
FPE March 31, 2026 10,550 $192,221
PSEC Sept. 30, 2025 56,400 $179,352 -29.8%
ESBA June 30, 2025 10,000 $77,600