Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +21.6%
S&P 500 total return (same window) +37.0%
Excess return -15.4%

Annualized: +17.0% · 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: 98.6% · Options excluded: 0.0%

Sector breakdown

04
Financials 24.2%
Technology 22.0%
Communication Services 21.0%
Healthcare 11.4%
Retail 7.7%
Industrials 6.1%
Consumer Discretionary 1.7%
Materials 1.7%
Consumer products 1.0%
Other/Unmapped 3.2%

Full portfolio 45 positions

05
Type Streak 8Q trend
GOOGL Alphabet Inc. - Class A Common Stock $31,636,894 9.02% 88,527 $2,238,197 Down ×5
JPM JP Morgan Chase & Co. Common Stock $29,296,362 8.35% 89,501 $-2,247,592 Down ×1
MSFT Microsoft Corporation - Common Stock $23,431,251 6.68% 62,815 $581,811 Up ×3
META Meta Platforms, Inc. - Class A Common Stock $22,548,499 6.43% 40,030 $3,316,217 Up ×1
AMZN Amazon.com, Inc. - Common Stock $21,574,775 6.15% 90,521 $2,690,163 Down ×4
NET Cloudflare, Inc. Class A Common Stock $17,999,628 5.13% 73,384 $4,920,973 Up ×1
TMO Thermo Fisher Scientific Inc Common Stock $16,840,392 4.80% 33,558 $2,977,584 Up ×2
PNC PNC Financial Services Group, Inc. (The) Common Stock $15,791,320 4.50% 64,135 $2,533,906 Up ×3
BAC Bank of America Corporation Common Stock $14,152,180 4.04% 248,371 $-267,875 Down ×1
SYK Stryker Corporation Common Stock $13,288,310 3.79% 42,090 $1,660,325 Up ×3
SNPS Synopsys, Inc. - Common Stock $12,656,344 3.61% 28,373 $1,459,749 Up ×1
Unknown issuer (CUSIP: 884903881) $10,128,060 2.89% 124,012 Up ×1
SHOP Shopify Inc. - Class A Subordinate Voting Shares $7,992,600 2.28% 70,000 $1,334,176 Up ×1
CHTR Charter Communications, Inc. - Class A Common Stock $7,663,412 2.19% 53,888 $-720,935 Up ×3
AAPL Apple Inc. - Common Stock $7,585,283 2.16% 26,214 $2,113,063 Up ×2
NFLX Netflix, Inc. - Common Stock $7,351,058 2.10% 102,956 $-3,269,286 Down ×1
V Visa Inc. $6,184,540 1.76% 18,026 $859,978 Up ×2
MCD McDonald's Corporation Common Stock $6,053,863 1.73% 22,396 $-717,319 Up ×2
JNJ Johnson & Johnson Common Stock $5,642,959 1.61% 22,219 $221,280 Up ×1
LIN Linde plc - Ordinary Shares $5,631,018 1.61% 10,851 $214,344 Down ×1
CB Chubb Limited Common Stock $5,517,208 1.57% 16,144 $208,512 Down ×2
RTX RTX Corporation Common Stock $5,442,215 1.55% 28,684 $-144,748 Down ×5
HD Home Depot, Inc. (The) Common Stock $5,258,459 1.50% 14,910 $545,794 Up ×1
WFC Wells Fargo & Company Common Stock $4,958,400 1.41% 60,000 Up ×1
PYPL PayPal Holdings, Inc. - Common Stock $4,318,000 1.23% 100,000 Up ×1
SPGI S&P Global Inc. Common Stock $4,180,931 1.19% 10,266 $-30,360 Up ×3
XYL Xylem Inc. Common Stock New $4,068,197 1.16% 34,415 $173,692 Up ×2
OTIS Otis Worldwide Corporation Common Stock $3,975,733 1.13% 55,527 $-50,310 Up ×4
ABT Abbott Laboratories Common Stock $3,947,371 1.13% 43,502 $-239,306 Up ×3
DIS Walt Disney Company (The) Common Stock $3,770,584 1.08% 38,872 $171,273 Up ×5
UL Unilever PLC American Depositary Shares (each representing One Ordinary Share) $3,664,915 1.05% 60,960 $397,140 Up ×2
CTAS Cintas Corporation - Common Stock $3,641,753 1.04% 21,412 $52,095 Up ×3
FIG Figma, Inc. Class A Common Stock $3,618,000 1.03% 200,000 Up ×1
ROK Rockwell Automation, Inc. Common Stock $2,774,428 0.79% 5,604 $763,264
ACN Accenture plc Class A Ordinary Shares (Ireland) $2,756,595 0.79% 22,152 $999,349 Up ×1
ROP Roper Technologies, Inc. - Common Stock $1,029,044 0.29% 3,041 $-108,970 Down ×2
GLW Corning Incorporated Common Stock $817,376 0.23% 3,200 Up ×1
SHY iShares 1-3 Year Treasury Bond ETF $770,602 0.22% 9,385
GOOG Alphabet Inc. - Class C Capital Stock $661,434 0.19% 1,872 $80,445 Down ×3
CRH CRH PLC Ordinary Shares $538,745 0.15% 5,035
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $488,881 0.14% 977 $20,658
NEM Newmont Corporation $286,645 0.08% 3,069 $-99,699 Down ×2
SPY SPY $273,266 0.08% 365
CAT Caterpillar, Inc. Common Stock $250,252 0.07% 235
ZTS Zoetis Inc. Class A Common Stock $226,287 0.06% 3,149 $-3,035,363 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
MSFT $23,431,251 6.68% up ×3
PNC $15,791,320 4.50% up ×3
SYK $13,288,310 3.79% up ×3
CHTR $7,663,412 2.19% up ×3
SPGI $4,180,931 1.19% up ×3
OTIS $3,975,733 1.13% up ×4
ABT $3,947,371 1.13% up ×3
DIS $3,770,584 1.08% up ×5
CTAS $3,641,753 1.04% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 884903881) $10,128,060 124,012 2.89%
WFC $4,958,400 60,000 1.41%
PYPL $4,318,000 100,000 1.23%
FIG $3,618,000 200,000 1.03%
GLW $817,376 3,200 0.23%
SHY $770,602 9,385 0.22%
CRH $538,745 5,035 0.15%
SPY $273,266 365 0.08%
CAT $250,252 235 0.07%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
NET Bought more +10K +$4.9M
META Bought more +6K +$3.3M
NFLX Trimmed -8K -$3.3M
TMO Bought more +5K +$3.0M
AMZN Trimmed -153 +$2.7M
PNC Bought more +425 +$2.5M
JPM Trimmed -18K -$2.2M
GOOGL Trimmed -14K +$2.2M
AAPL Bought more +5K +$2.1M
SYK Bought more +7K +$1.7M

1 position hidden — reported move looks larger than the position itself (data completeness check)

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
RY June 30, 2026 76,792 $12,375,075 -6.1%
TRI June 30, 2026 126,045 $11,341,456 18.1%
CNQ Dec. 31, 2025 304,380 $9,867,364 41.9%
FTS June 30, 2026 160,324 $8,916,396 -7.8%
ANSS Sept. 30, 2025 20,335 $7,142,059 No longer tracked
ISRG Dec. 31, 2025 15,474 $6,920,437 -29.7%
TD June 30, 2026 73,733 $6,864,528 -3.4%
NVDA June 30, 2025 60,000 $6,503,400 49.9%
BN June 30, 2026 156,430 $6,318,850 -13.9%
UNH Sept. 30, 2025 20,188 $6,298,050 7.2%
ENB June 30, 2026 105,933 $5,724,444 -15.4%
BNS June 30, 2026 75,384 $5,211,282 4.2%
PBA June 30, 2026 116,582 $5,202,222 -0.7%
CNI June 30, 2026 47,404 $4,863,742 -0.9%
BEP June 30, 2026 138,822 $4,514,357 -18.2%
TLT Dec. 31, 2025 50,000 $4,468,500
MDLZ March 31, 2026 64,453 $3,469,505 0.7%
GIB June 30, 2026 45,425 $3,310,465 9.8%
UL (filed as ULXXXX) Dec. 31, 2025 54,271 $3,217,185 -8.7%
CRH Sept. 30, 2025 20,000 $1,836,000 -32.3%
DHR June 30, 2026 8,990 $1,708,172 13.7%
SHY March 31, 2026 20,415 $1,690,770
BIP June 30, 2026 19,422 $700,879 -0.1%
BMO June 30, 2026 3,725 $502,950 -7.1%
UBER June 30, 2026 5,000 $359,650 -3.7%
AVTR Sept. 30, 2025 25,000 $336,500 23.6%
CAT March 31, 2026 460 $263,520 19.4%
SPY March 31, 2026 365 $249,160 No longer tracked
CNQ June 30, 2026 4,440 $217,896 21.6%
BX March 31, 2026 1,350 $208,089 -4.8%
EMA Dec. 31, 2025 4,277 $205,329 -2.4%
BTE June 30, 2026 19,780 $88,482 13.5%
AQN June 30, 2026 10,929 $67,436 -12.9%
AQN June 30, 2025 12,264 $63,717 -10.9%
BTE June 30, 2025 19,780 $44,175 153.6%