Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +29.5%
S&P 500 total return (same window) +37.0%
Excess return -7.5%

Annualized: +23.0% · 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: 88.7% · Options excluded: 0.0%

Sector breakdown

04
Technology 22.8%
Industrials 12.4%
Financials 9.7%
Communication Services 8.5%
Retail 7.2%
Healthcare 7.2%
Energy 2.5%
Materials 1.9%
Utilities 1.6%
Real Estate 1.2%
Consumer products 1.1%
Consumer Staples 0.8%
Consumer Discretionary 0.1%
Other/Unmapped 23.0%

Full portfolio 280 positions

05
Type Streak 8Q trend
SPY SPY $368,309,995 5.81% 492,020 $49,413,740 Up ×2
AAPL Apple Inc. - Common Stock $334,827,755 5.28% 1,157,132 $42,626,125 Up ×2
GOOGL Alphabet Inc. - Class A Common Stock $321,130,876 5.07% 898,595 $62,147,003 Down ×1
NVDA NVIDIA Corporation - Common Stock $289,936,317 4.57% 1,449,030 $38,961,583 Up ×2
IJH iShares Trust $286,930,151 4.53% 3,721,050 $39,751,700 Up ×6
PANW Palo Alto Networks, Inc. - Common Stock $236,466,090 3.73% 693,408 $124,272,506 Down ×1
APH Amphenol Corporation Common Stock $231,396,241 3.65% 1,310,574 $59,690,959 Down ×5
VEA Vanguard FTSE Developed Markets ETF $188,503,300 2.97% 2,645,660 $22,475,229 Up ×6
VB Vanguard Morningstar Small-Cap ETF $186,793,786 2.95% 616,237 $27,670,381 Up ×6
MSFT Microsoft Corporation - Common Stock $181,346,048 2.86% 486,156 $4,815,668 Up ×3
AMZN Amazon.com, Inc. - Common Stock $163,531,562 2.58% 686,127 $22,852,420 Up ×6
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $127,963,523 2.02% 255,728 $4,486,344 Down ×3
JPM JP Morgan Chase & Co. Common Stock $123,887,373 1.95% 378,479 $14,108,217 Up ×3
COST Costco Wholesale Corporation - Common Stock $103,629,984 1.63% 110,779 $-5,213,546 Up ×6
V Visa Inc. $103,536,155 1.63% 301,775 $13,100,705 Up ×6
ASML ASML Holding N.V. - New York Registry Shares $101,180,468 1.60% 50,859 $33,650,770 Down ×1
TJX TJX Companies, Inc. (The) Common Stock $99,301,716 1.57% 655,457 $-7,166,366 Down ×4
CB Chubb Limited Common Stock $82,723,625 1.30% 242,087 $2,112,206 Down ×3
MRVL Marvell Technology, Inc. - Common Stock $79,584,055 1.26% 267,159 $49,630,423 Down ×3
ETN Eaton Corporation, PLC Ordinary Shares $77,714,679 1.23% 182,377 $11,983,784 Down ×5
LIN Linde plc - Ordinary Shares $77,336,682 1.22% 149,028 $3,711,851 Up ×2
AVGO Broadcom Inc. - Common Stock $75,307,671 1.19% 199,358 $16,505,020 Up ×6
LLY Eli Lilly and Company Common Stock $73,714,851 1.16% 61,458 $17,609,611 Up ×6
META Meta Platforms, Inc. - Class A Common Stock $73,666,155 1.16% 130,778 $-467,798 Up ×6
AME AMETEK, Inc. $73,540,084 1.16% 303,960 $7,707,772 Down ×6
IWV iShares Russell 3000 Fund $68,085,283 1.07% 159,675 $8,897,073
WCN Waste Connections, Inc. Common Shares $65,150,158 1.03% 390,846 $1,513,113 Down ×1
TTWO Take-Two Interactive Software, Inc. - Common Stock $64,365,526 1.02% 257,483 $13,988,272 Up ×2
JNJ Johnson & Johnson Common Stock $63,469,979 1.00% 249,911 $4,988,863 Up ×1
TMO Thermo Fisher Scientific Inc Common Stock $61,410,976 0.97% 122,380 $902,540 Down ×6
XOM Exxon Mobil Corporation Common Stock $61,234,348 0.97% 447,881 $-14,767,876 Down ×1
NEE NextEra Energy, Inc. Common Stock $61,194,653 0.97% 697,216 $-3,525,721 Up ×2
RTX RTX Corporation Common Stock $60,503,008 0.95% 318,890 $-1,523,133 Down ×6
HD Home Depot, Inc. (The) Common Stock $58,807,844 0.93% 166,746 $4,535,596 Up ×3
DHR Danaher Corporation Common Stock $58,471,825 0.92% 306,357 $-433,705 Down ×6
GS Goldman Sachs Group, Inc. (The) Common Stock $57,476,160 0.91% 56,830 $9,623,609 Up ×6
PSX Phillips 66 Common Stock $53,049,919 0.84% 313,812 $-4,996,206 Down ×5
PG Procter & Gamble Company (The) Common Stock $49,719,587 0.78% 339,059 $2,135,675 Up ×6
GOOG Alphabet Inc. - Class C Capital Stock $48,914,299 0.77% 138,438 $8,416,551 Down ×3
IDXX IDEXX Laboratories, Inc. - Common Stock $48,033,457 0.76% 91,242 $-3,639,793 Down ×5
GE GE Aerospace Common Stock $47,865,859 0.75% 128,076 $12,889,517 Up ×6
BAC Bank of America Corporation Common Stock $47,814,852 0.75% 839,151 $7,531,435 Up ×6
AMT American Tower Corporation (REIT) Common Stock $47,760,808 0.75% 289,000 $-2,141,592 Down ×1
MTD Mettler-Toledo International, Inc. Common Stock $46,527,745 0.73% 36,421 $-74,415 Down ×6
SYK Stryker Corporation Common Stock $45,203,191 0.71% 143,192 $-1,494,374 Up ×6
UNP Union Pacific Corporation Common Stock $45,007,332 0.71% 165,468 $5,515,332 Up ×3
VEU Vanguard FTSE All World Ex US ETF $44,224,303 0.70% 528,051 $4,320,836 Down ×1
AON Aon plc Class A Ordinary Shares (Ireland) $42,330,609 0.67% 127,621 $1,069,642 Down ×1
ROK Rockwell Automation, Inc. Common Stock $41,583,501 0.66% 83,993 $11,554,046 Up ×2
PEP PepsiCo, Inc. - Common Stock $40,511,007 0.64% 299,195 $-7,280,100 Down ×5
AWK American Water Works Company, Inc. Common Stock $39,635,845 0.63% 301,230 $-1,689,775 Down ×6
BSCR Invesco BulletShares 2027 Corporate Bond ETF $35,202,171 0.56% 1,794,655 $1,333,468 Up ×6
INTU Intuit Inc. - Common Stock $34,999,501 0.55% 134,098 $-24,197,471 Down ×1
COP ConocoPhillips Common Stock $34,825,840 0.55% 334,993 $-11,901,140 Down ×5
DE Deere & Company Common Stock $31,662,696 0.50% 49,796 $4,015,028 Up ×1
QCOM QUALCOMM Incorporated - Common Stock $30,972,364 0.49% 167,608 $1,946,630 Down ×6
NOC Northrop Grumman Corporation Common Stock $30,044,515 0.47% 58,991 $-10,360,198 Down ×1
EQIX Equinix, Inc. - Common Stock $29,423,998 0.46% 28,227 $802,496 Down ×6
BSCS Invesco BulletShares 2028 Corporate Bond ETF $28,370,479 0.45% 1,393,100 $1,886,501 Up ×6
SHW Sherwin-Williams Company (The) Common Stock $28,256,906 0.45% 82,066 $1,790,113 Down ×1
TSCO Tractor Supply Company - Common Stock $24,987,620 0.39% 790,497 $-13,175,148 Down ×1
ROP Roper Technologies, Inc. - Common Stock $24,485,314 0.39% 72,358 $-2,719,046 Down ×6
IWB iShares Russell 1000 ETF $23,942,237 0.38% 58,467 $2,927,660 Down ×2
RBC RBC Bearings Incorporated Common Stock $23,072,162 0.36% 35,823 $2,993,558 Down ×6
BSCT Invesco BulletShares 2029 Corporate Bond ETF $22,986,232 0.36% 1,237,482 $4,786,980 Up ×6
MDT Medtronic plc. Ordinary Shares $22,201,121 0.35% 281,324 $-2,377,667 Down ×1
ISRG Intuitive Surgical, Inc. - Common Stock $22,183,625 0.35% 55,783 $-3,899,466 Down ×1
NFLX Netflix, Inc. - Common Stock $22,006,666 0.35% 308,217 $-7,175,590 Up ×6
CAT Caterpillar, Inc. Common Stock $21,885,686 0.35% 20,552 $8,339,315 Up ×4
MUNI PIMCO ETF Trust $19,744,305 0.31% 375,367 $2,288,889 Up ×3
VTI Vanguard Morningstar Total Stock Market ETF $18,789,432 0.30% 50,777 $2,792,331 Up ×1
NOW ServiceNow, Inc. Common Stock $16,435,512 0.26% 165,547 $-458,415 Up ×6
BSCU Invesco BulletShares 2030 Corporate Bond ETF $15,128,765 0.24% 908,907 $1,607,237 Up ×6
ECL Ecolab Inc. Common Stock $15,038,293 0.24% 53,839 $-209,411 Down ×6
TOL Toll Brothers, Inc. Common Stock $14,978,411 0.24% 90,916 $1,602,167 Down ×6
BSCQ Invesco BulletShares 2026 Corporate Bond ETF $14,574,095 0.23% 746,432 $-5,753,358 Down ×2
BSCV Invesco BulletShares 2031 Corporate Bond ETF $10,700,036 0.17% 653,039 $3,752,796 Up ×6
CME CME Group Inc. - Class A Common Stock $10,360,735 0.16% 46,917 $-4,364,768 Down ×6
MCHP Microchip Technology Incorporated - Common Stock $10,071,125 0.16% 110,429 $2,006,004 Down ×6
INTC Intel Corporation - Common Stock $8,930,875 0.14% 63,961 $8,499,195 Up ×2
VIG Vanguard Div Appreciation ETF $7,325,240 0.12% 30,958 $941,867 Up ×1
IVV iShares Trust $7,260,154 0.11% 9,695 $2,072,670 Up ×2
SCHF SCHWAB STRATEGIC TRUST $6,425,691 0.10% 231,974 $684,324
XLY XLY $6,380,116 0.10% 54,401 $386,901 Down ×2
VOO Vanguard S&P 500 ETF $6,264,377 0.10% 9,121 $747,213 Down ×1
VWO Vanguard FTSE Emerging Markets ETF $5,636,179 0.09% 94,424 $516,607 Down ×6
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF $5,606,877 0.09% 106,981 $-262,280 Down ×3
IWF iShares Russell 1000 Growth Fund $5,381,032 0.08% 43,336 $723,891 Up ×1
ADP Automatic Data Processing, Inc. - Common Stock $5,315,947 0.08% 23,573 $398,950 Down ×6
VGT Vanguard Information Tech ETF $5,266,769 0.08% 44,066 $3,116,395 Up ×1
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $4,779,124 0.08% 6,779 $575,155 Down ×6
CVX Chevron Corporation Common Stock $4,694,500 0.07% 28,321 $-1,132,232 Up ×1
ABBV AbbVie Inc. Common Stock $4,531,756 0.07% 18,009 $638,710 Up ×3
ORCL Oracle Corporation Common Stock $3,863,199 0.06% 26,361 $70,708 Up ×3
GLW Corning Incorporated Common Stock $3,845,499 0.06% 15,055 $1,675,685 Down ×2
ACN Accenture plc Class A Ordinary Shares (Ireland) $3,602,787 0.06% 28,952 $-3,110,520 Down ×5
MKC McCormick & Company, Incorporated Common Stock $3,350,863 0.05% 66,459 $-728,899 Down ×4
VSGX Vanguard ESG International Stock ETF $3,315,174 0.05% 40,262 $447,193 Up ×1
VUG Vanguard Morningstar Growth ETF $3,284,002 0.05% 38,124 $519,994 Up ×2
MCD McDonald's Corporation Common Stock $3,272,722 0.05% 12,107 $-407,122 Up ×4

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
IJH $286,930,151 4.53% up ×6
VEA $188,503,300 2.97% up ×6
VB $186,793,786 2.95% up ×6
MSFT $181,346,048 2.86% up ×3
AMZN $163,531,562 2.58% up ×6
JPM $123,887,373 1.95% up ×3
COST $103,629,984 1.63% up ×6
V $103,536,155 1.63% up ×6
AVGO $75,307,671 1.19% up ×6
LLY $73,714,851 1.16% up ×6
META $73,666,155 1.16% up ×6
HD $58,807,844 0.93% up ×3
GS $57,476,160 0.91% up ×6
PG $49,719,587 0.78% up ×6
GE $47,865,859 0.75% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 43849R105) $673,410 3,046 0.01%
Unknown issuer (CUSIP: 438516205) $617,293 2,757 0.01%
SCHX $606,940 20,623 0.01%
DKS $445,682 1,965 0.01%
KLAC $422,394 1,400 0.01%
URI $293,770 259 0.00%
IEMG $280,722 3,389 0.00%
IBTH $257,188 11,497 0.00%
IBTG $251,081 10,969 0.00%
ADI $223,607 563 0.00%
IBDR $214,024 8,833 0.00%
IBDS $207,566 8,570 0.00%
AFL $206,360 1,760 0.00%
GWW $204,060 150 0.00%
STT $203,520 1,200 0.00%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
PANW Trimmed -6K +$124.3M
GOOGL Trimmed -2K +$62.1M
APH Trimmed -46K +$59.7M
MRVL Trimmed -35K +$49.6M
SPY Bought more +3K +$49.4M
AAPL Bought more +6K +$42.6M
IJH Bought more +61K +$39.8M
NVDA Bought more +10K +$39.0M
ASML Trimmed -268 +$33.7M
VB Bought more +9K +$27.7M

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
BSCP Dec. 31, 2025 738,357 $15,276,615 No longer tracked
ANSS Sept. 30, 2025 26,592 $9,339,642 No longer tracked
SNPS Dec. 31, 2025 4,349 $2,145,616 6.8%
CAC Sept. 30, 2025 34,900 $1,416,242 46.6%
HON June 30, 2026 5,611 $1,268,244 -4.2%
VBK Dec. 31, 2025 2,903 $863,991
XLV June 30, 2025 5,025 $733,681 23.3%
JKHY Dec. 31, 2025 4,043 $602,124 -21.3%
STE Dec. 31, 2025 2,418 $598,310 -17.2%
IEMG Dec. 31, 2025 8,679 $572,101
CFR June 30, 2025 3,404 $426,181 19.3%
FISV Dec. 31, 2025 3,216 $414,631 -32.1%
DVY Sept. 30, 2025 2,878 $382,227
GM March 31, 2026 4,236 $344,492 6.3%
AVDV Dec. 31, 2025 3,846 $342,409
INTC June 30, 2025 15,027 $341,263 417.8%
ZTS June 30, 2026 2,883 $340,800 -2.3%
VBR June 30, 2025 1,815 $338,116
SCHX March 31, 2026 11,851 $318,910 18.4%
STZ Dec. 31, 2025 2,354 $317,013 -19.0%
NBBK March 31, 2026 15,930 $315,733 6.5%
YUMC June 30, 2025 5,936 $309,028 -10.3%
HOLX June 30, 2026 3,995 $301,983 No longer tracked
DOW June 30, 2025 8,357 $291,826 6.0%
ACM Sept. 30, 2025 2,500 $282,150 -53.7%
CMG Sept. 30, 2025 4,766 $267,639 -21.4%
NVS June 30, 2026 1,747 $266,858 -10.5%
AFL March 31, 2026 2,405 $265,230 2.1%
MET March 31, 2026 3,180 $251,036 35.5%
SFM June 30, 2025 1,641 $250,482 -60.9%
CTSH Sept. 30, 2025 3,205 $250,086 -12.5%
ADBE Sept. 30, 2025 633 $244,744 -32.7%
RCL June 30, 2026 887 $244,066 -13.9%
DFAT Dec. 31, 2025 4,176 $243,085
RSG Dec. 31, 2025 1,051 $241,183 -0.1%
BWA Sept. 30, 2025 7,179 $240,353 38.6%
NVS Sept. 30, 2025 1,956 $236,698 9.4%
APPF March 31, 2026 1,000 $232,650 32.6%
HPQ Sept. 30, 2025 9,275 $226,866 16.2%
CARR June 30, 2025 3,567 $226,148 -25.2%
COO Dec. 31, 2025 3,281 $224,947 -30.6%
HSIC Sept. 30, 2025 3,077 $224,775 26.5%
AEM June 30, 2026 1,106 $224,421 17.2%
NEM March 31, 2026 2,216 $221,268 5.8%
CLX June 30, 2025 1,500 $220,875 -32.2%
AZO Dec. 31, 2025 51 $218,802 -18.9%
CCI Sept. 30, 2025 2,130 $218,798 -31.7%
HSIC March 31, 2026 2,894 $218,729 14.0%
XLE June 30, 2025 2,328 $217,552 48.4%
GWW June 30, 2025 220 $217,323 22.6%
NVR Dec. 31, 2025 27 $216,936 -18.8%
XLV June 30, 2026 1,479 $216,837 4.8%
CI March 31, 2026 779 $214,374 1.0%
MUB June 30, 2025 2,025 $213,516
BK June 30, 2025 2,532 $212,359 No longer tracked
URI March 31, 2026 261 $211,483 47.3%
VFH June 30, 2025 1,752 $209,325
YUM June 30, 2026 1,346 $209,277 -15.1%
ENB Sept. 30, 2025 4,556 $206,478 -9.1%
DFEM June 30, 2025 7,793 $206,203
PRU June 30, 2025 1,834 $204,821 5.7%
EQR June 30, 2025 2,854 $204,286 No longer tracked
DD March 31, 2026 5,058 $203,339 186.3%
BSX Sept. 30, 2025 1,885 $202,468 -56.0%
ACGL June 30, 2025 2,101 $202,074 3.1%
TRI Sept. 30, 2025 1,000 $201,130 -37.9%
BMY Sept. 30, 2025 4,326 $200,251 30.9%
CXE June 30, 2026 23,104 $85,716 No longer tracked