Performance vs S&P 500

03
Tracked Q1 2025–Q3 2026 +25.4%
S&P 500 total return (same window) +39.9%
Excess return -14.5%

Annualized: +16.3% · S&P 500: +25.1%

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: 96.9% · Options excluded: 0.0%

Sector breakdown

04
Technology 20.1%
Consumer Discretionary 15.4%
Financials 11.5%
Industrials 9.6%
Healthcare 8.2%
Communication Services 7.4%
Retail 6.5%
Energy 3.9%
Consumer Staples 2.1%
Real Estate 2.1%
Utilities 1.8%
Consumer products 1.2%
Materials 1.2%
Other/Unmapped 9.1%

Full portfolio 102 positions

05
Type Streak 8Q trend
TSLA Tesla, Inc. - Common Stock $4,366,292 12.54% 12,306 $-776,384 Up ×1
NVDA NVIDIA Corporation - Common Stock $2,128,730 6.11% 9,321 $867,563 Up ×1
MSFT Microsoft Corporation - Common Stock $1,807,460 5.19% 3,524 $623,495 Up ×2
VOO Vanguard S&P 500 ETF $1,414,335 4.06% 2,018 $29,039 Up ×1
AMZN Amazon.com, Inc. - Common Stock $1,136,373 3.26% 4,561 $177,531 Up ×2
AAPL Apple Inc. - Common Stock $1,123,943 3.23% 3,375 $296,373 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $1,090,045 3.13% 3,168 $204,482 Up ×1
JPM JP Morgan Chase & Co. Common Stock $1,010,686 2.90% 3,055 $90,561 Up ×2
AVGO Broadcom Inc. - Common Stock $985,790 2.83% 2,807 $56,903 Up ×2
ABBV AbbVie Inc. Common Stock $766,459 2.20% 2,930 $65,642 Up ×1
Unknown issuer (CUSIP: 30233Q108) $729,934 2.10% 4,485 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $570,717 1.64% 787 $206,832 Up ×2
CSCO Cisco Systems, Inc. - Common Stock $568,179 1.63% 5,279 $-91,594 Down ×3
CAT Caterpillar, Inc. Common Stock $538,365 1.55% 664 $-54,784 Up ×1
AMP Ameriprise Financial, Inc. Common Stock $514,013 1.48% 1,044 $65,346 Up ×2
UNP Union Pacific Corporation Common Stock $510,788 1.47% 1,877 $-50,076 Down ×3
WMB Williams Companies, Inc. (The) Common Stock $498,696 1.43% 7,337 $-39,303 Up ×1
TSLL Direxion Daily TSLA Bull 2X Shares $483,792 1.39% 53,695 $379,362 Up ×1
MRK Merck & Company, Inc. Common Stock (new) $467,172 1.34% 3,215 $-6,351 Down ×2
PM Philip Morris International Inc Common Stock $410,263 1.18% 2,150 $19,316 Down ×1
PG Procter & Gamble Company (The) Common Stock $400,973 1.15% 2,760 $71,033 Up ×5
GLW Corning Incorporated Common Stock $389,628 1.12% 2,534 $-257,632
JNJ Johnson & Johnson Common Stock $378,843 1.09% 1,431 $15,412
MCD McDonald's Corporation Common Stock $359,343 1.03% 1,556 $25,240 Up ×2
DLR Digital Realty Trust, Inc. Common Stock $344,565 0.99% 1,963 $-7,951
WMT Walmart Inc. - Common Stock $337,740 0.97% 3,250 $7,927 Up ×1
HD Home Depot, Inc. (The) Common Stock $336,267 0.97% 1,182 $16,034 Up ×3
DGX Quest Diagnostics Incorporated Common Stock $335,854 0.96% 1,441 $30,434
PEP PepsiCo, Inc. - Common Stock $332,006 0.95% 2,620 $26,408 Up ×5
QCOM QUALCOMM Incorporated - Common Stock $326,119 0.94% 1,772 $-1,329
PLD Prologis, Inc. Common Stock $322,912 0.93% 2,487 $11,466 Up ×1
LMT Lockheed Martin Corporation Common Stock $317,263 0.91% 623 $-131
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $314,206 0.90% 631 $87,529 Up ×2
RTX RTX Corporation Common Stock $308,736 0.89% 1,663 $30,402 Up ×1
CVX Chevron Corporation Common Stock $304,886 0.88% 1,493 $59,561 Up ×1
MDT Medtronic plc. Ordinary Shares $297,787 0.86% 3,451 $27,815
NVS Novartis AG Common Stock $296,688 0.85% 2,081 $-29,446
ETN Eaton Corporation, PLC Ordinary Shares $291,343 0.84% 678 $48,455 Up ×1
V Visa Inc. $285,667 0.82% 795 $58,885 Up ×2
NEE NextEra Energy, Inc. Common Stock $277,739 0.80% 3,667 $-42,622 Up ×1
VZ Verizon Communications Inc. Common Stock $274,715 0.79% 5,989 $21,818 Up ×1
SBUX Starbucks Corporation - Common Stock $273,330 0.78% 2,909 $-23,941
ALL Allstate Corporation (The) Common Stock $260,020 0.75% 1,172 $-20,511 Down ×1
MS Morgan Stanley Common Stock $256,165 0.74% 1,362 $-28,547
MU Micron Technology, Inc. - Common Stock $255,626 0.73% 240 $112,494 Up ×1
COST Costco Wholesale Corporation - Common Stock $251,254 0.72% 276 $42,644 Up ×1
FITB Fifth Third Bancorp - Common Stock $250,371 0.72% 4,950 $-28,661
FTEC FIDELITY COVINGTON TRUST $240,048 0.69% 800 $11,584
BKNG Booking Holdings Inc. - Common Stock $227,259 0.65% 1,395 $22,461 Up ×2
TRP TC Energy Corporation Common Stock $222,857 0.64% 3,857 $-32,824
TEL TE Connectivity plc Ordinary Shares $213,613 0.61% 1,012 $43,656 Up ×1
APD Air Products and Chemicals, Inc. Common Stock $206,447 0.59% 742 $-12,265 Down ×3
TGT Target Corporation Common Stock $206,204 0.59% 1,316 $-43,653 Down ×2
BE Bloom Energy Corporation Class A Common Stock $199,703 0.57% 721 $119,487 Up ×1
CB Chubb Limited Common Stock $194,500 0.56% 598 $27,197 Up ×1
TFC Truist Financial Corporation Common Stock $184,367 0.53% 3,982 $-14,016
HBAN Huntington Bancshares Incorporated - Common Stock $182,632 0.52% 11,968 $-29,561
BX Blackstone Inc. Common Stock $176,318 0.51% 1,573 $22,994 Up ×2
PNC PNC Financial Services Group, Inc. (The) Common Stock $171,362 0.49% 771 $11,319 Up ×1
ENB Enbridge Inc Common Stock $168,619 0.48% 3,627 $-28,001
ECL Ecolab Inc. Common Stock $163,924 0.47% 597 $27,962 Up ×1
NOC Northrop Grumman Corporation Common Stock $160,999 0.46% 333 $27,560 Up ×1
CMI Cummins Inc. Common Stock $160,137 0.46% 310 $29,620 Up ×1
AEP American Electric Power Company, Inc. - Common Stock $158,028 0.45% 1,332 $-24,203
SNA Snap-On Incorporated Common Stock $151,880 0.44% 418 $15,466 Up ×1
USB U.S. Bancorp Common Stock $144,400 0.41% 2,500 $-6,600
TMO Thermo Fisher Scientific Inc Common Stock $137,035 0.39% 203 $70,855 Up ×1
COP ConocoPhillips Common Stock $129,030 0.37% 1,031 $48,045 Up ×1
HAS Hasbro, Inc. - Common Stock $124,769 0.36% 1,423 $7,243
DUK Duke Energy Corporation (Holding Company) Common Stock $116,974 0.34% 1,026 $-12,897
ACN Accenture plc Class A Ordinary Shares (Ireland) $114,240 0.33% 623 $36,714
Unknown issuer (CUSIP: 438516205) $112,642 0.32% 534 $-26,911 Down ×1
CRM Salesforce, Inc. Common Stock $93,205 0.27% 406 $57,643 Up ×1
LLY Eli Lilly and Company Common Stock $87,938 0.25% 76 $-3,219
VEA VANGUARD TAX-MANAGED FUNDS $81,978 0.24% 1,161 $-743
Unknown issuer (CUSIP: 43849R105) $68,187 0.20% 440 $-61,587 Down ×1
DHR Danaher Corporation Common Stock $65,136 0.19% 294 $31,612 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $61,333 0.18% 180 $-2,266
FTV Fortive Corporation Common Stock $54,920 0.16% 1,002 $12,096 Up ×1
AMT American Tower Corporation (REIT) Common Stock $53,527 0.15% 327 $17,051 Up ×1
DTE DTE Energy Company Common Stock $48,720 0.14% 400 $-12,228
ALB Albemarle Corporation Common Stock $46,966 0.13% 444 $-12,987
PRU Prudential Financial, Inc. Common Stock $42,820 0.12% 377 $-144,870 Down ×3
PLTR Palantir Technologies Inc. - Class A Common Stock $40,590 0.12% 217 $32,656 Up ×1
INTC Intel Corporation - Common Stock $37,271 0.11% 310 Up ×1
ADBE Adobe Inc. - Common Stock $35,991 0.10% 150 $13,439 Up ×1
LRCX Lam Research Corporation - Common Stock $32,522 0.09% 99 Up ×1
AMAT Applied Materials, Inc. - Common Stock $30,683 0.09% 60 Up ×1
IAU iShares Gold Trust Shares $29,288 0.08% 375 $972
AMSC American Superconductor Corporation - Common Stock $28,935 0.08% 994 $-12,326
DTM DT Midstream, Inc. Common Stock $23,894 0.07% 200 $-5,454
ECG Everus Construction Group, Inc. Common Stock $21,741 0.06% 185 $-8,960
NEM Newmont Corporation $15,456 0.04% 134 $2,940
MDU MDU Resources Group, Inc. Common Stock (Holding Company) $13,738 0.04% 741 $-1,979
CSR D/B/A Centerspace Common Stock $10,880 0.03% 200 $-358
KNF Knife Riv Holding Co. Common Stock $9,328 0.03% 185 $-6,147
VYM Vanguard High Dividend Yield ETF $6,208 0.02% 40 $-113
ZTS Zoetis Inc. Class A Common Stock $6,145 0.02% 88 $-12,682 Down ×2
T AT&T Inc. $4,124 0.01% 169 $626
Unknown issuer (CUSIP: 724078209) $2,639 0.01% 40 $-255

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
PG $400,973 1.15% up ×5
HD $336,267 0.97% up ×3
PEP $332,006 0.95% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 30233Q108) $729,934 4,485 2.10%
INTC $37,271 310 0.11%
LRCX $32,522 99 0.09%
AMAT $30,683 60 0.09%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
NVDA Bought more +3K +$868K
TSLA Bought more +79 -$776K
MSFT Bought more +350 +$623K
TSLL Bought more +46K +$379K
AAPL Bought more +515 +$296K
GLW Price move only +0 -$258K
META Bought more +141 +$207K
GOOGL Bought more +690 +$204K
AMZN Bought more +538 +$178K
PRU Trimmed -1K -$145K

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
SOXL Sept. 30, 2025 31,520 $791,467 183.2%
BIV March 31, 2026 9,892 $770,389
XOM Sept. 30, 2026 4,113 $562,329 10.8%
VTI Dec. 31, 2025 1,250 $410,213 12.0%
HON June 30, 2026 1,175 $265,585 -3.0%
CCI June 30, 2025 2,253 $234,830 -18.1%
BP Sept. 30, 2026 4,000 $147,800 12.5%
MMIT March 31, 2026 4,985 $121,285
SOXL March 31, 2026 2,697 $113,355 105.9%
CPRX Sept. 30, 2025 3,740 $81,158 No longer tracked
PAAS Dec. 31, 2025 1,715 $66,422 -20.2%
VUG June 30, 2025 165 $61,185 21.6%
PLTR Dec. 31, 2025 324 $59,104 12.2%
PBW Dec. 31, 2025 2,034 $58,742 -1.7%
ETHA Dec. 31, 2025 1,850 $58,294
SYK Dec. 31, 2025 128 $47,318 -13.8%
GSAT Dec. 31, 2025 1,275 $46,397 36.6%
CBOE Dec. 31, 2025 170 $41,693
IWD June 30, 2025 190 $35,750
DOW Sept. 30, 2026 1,068 $29,220 22.7%
VTV June 30, 2025 106 $18,310
VNQ March 31, 2026 199 $17,610
BTI Dec. 31, 2025 322 $17,092 6.0%
VWO June 30, 2025 318 $14,393 17.3%
IDCC Dec. 31, 2025 41 $14,154 2.4%
IEMG June 30, 2025 261 $14,086
VBR June 30, 2025 70 $13,040
ESE Dec. 31, 2025 61 $12,878 21.4%
VBK June 30, 2025 51 $12,840
VMI Dec. 31, 2025 33 $12,795 8.0%
OSIS Dec. 31, 2025 47 $11,714 -20.8%
FSS Dec. 31, 2025 96 $11,423 6.1%
ENS Dec. 31, 2025 97 $10,957 17.9%
ORA Dec. 31, 2025 108 $10,395 -16.9%
TSM March 31, 2026 32 $9,724 29.4%
AGX Dec. 31, 2025 36 $9,722 10.3%
EFV June 30, 2025 159 $9,371
VOE June 30, 2025 58 $9,311
VOT June 30, 2025 37 $9,052
DFIS June 30, 2025 346 $8,941
EFG June 30, 2025 85 $8,500
CECO Dec. 31, 2025 160 $8,192 No longer tracked
TBBK Dec. 31, 2025 108 $8,088 -24.7%
LLY March 31, 2026 7 $7,523 39.3%
OKLO Dec. 31, 2025 66 $7,368 -62.1%
PYPL Sept. 30, 2026 150 $6,477 6.2%
SCZ June 30, 2025 78 $4,955
DIS June 30, 2025 50 $4,935 -11.4%
OKE Dec. 31, 2025 66 $4,816 29.9%
VO June 30, 2025 18 $4,655 14.5%
PIPR March 31, 2026 10 $3,397 -14.6%
TME March 31, 2026 149 $2,612 -8.8%
F June 30, 2025 255 $2,558 8.3%
CCL June 30, 2025 113 $2,207 -0.9%
RAL Dec. 31, 2025 33 $1,443 35.9%
UPS Dec. 31, 2025 10 $835 6.6%
KRON June 30, 2025 943 $778 No longer tracked
ABNB June 30, 2026 5 $631 16.7%
BA June 30, 2025 2 $341 -20.9%
EVGO June 30, 2026 95 $163 -41.1%
SOBO Dec. 31, 2025 5 $141 29.3%
BNBX Sept. 30, 2026 1 $1 No longer tracked