Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +26.4%
S&P 500 total return (same window) +37.0%
Excess return -10.6%

Annualized: +20.6% · 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: 96.3% · Options excluded: 0.0%

Sector breakdown

04
Technology 32.1%
Industrials 16.0%
Healthcare 14.2%
Retail 10.0%
Financials 7.5%
Communication Services 7.2%
Consumer products 2.6%
Energy 2.3%
Materials 2.2%
Utilities 1.1%
Consumer Staples 0.4%
Other/Unmapped 4.5%

Full portfolio 61 positions

05
Type Streak 8Q trend
GOOGL Alphabet Inc. - Class A Common Stock $21,764,190 6.93% 60,901 $2,759,637 Down ×1
AMD Advanced Micro Devices, Inc. - Common Stock $20,407,367 6.50% 35,130 $12,180,658 Down ×1
NVDA NVIDIA Corporation - Common Stock $18,627,779 5.93% 93,097 $518,432 Down ×1
AAPL Apple Inc. - Common Stock $17,068,479 5.44% 58,987 $774,653 Down ×1
ADI Analog Devices, Inc. - Common Stock $14,779,093 4.71% 37,211 $1,928,147 Down ×1
AMZN Amazon.com, Inc. - Common Stock $12,620,579 4.02% 52,952 $1,554,152 Down ×1
MSFT Microsoft Corporation - Common Stock $12,440,589 3.96% 33,351 $46,187 Down ×1
ROK Rockwell Automation, Inc. Common Stock $12,248,774 3.90% 24,741 $2,968,855 Down ×1
MA Mastercard Incorporated Common Stock $11,255,544 3.58% 21,915 $-7,292 Down ×1
JNJ Johnson & Johnson Common Stock $11,112,204 3.54% 43,754 $137,092 Down ×1
AMAT Applied Materials, Inc. - Common Stock $10,852,953 3.46% 15,011 $5,867,606 Up ×4
TJX TJX Companies, Inc. (The) Common Stock $10,225,794 3.26% 67,497 $-689,221 Down ×1
SBGSY CUSIP: 80687P106 $8,854,703 2.82% 135,850 $1,255,732 Down ×1
ADP Automatic Data Processing, Inc. - Common Stock $8,629,017 2.75% 38,531 $493,487 Down ×1
HD Home Depot, Inc. (The) Common Stock $8,258,708 2.63% 23,417 $338,380 Down ×1
PG Procter & Gamble Company (The) Common Stock $8,066,227 2.57% 55,007 $-125,111 Down ×1
LLY Eli Lilly and Company Common Stock $7,498,836 2.39% 6,252 $2,610,257 Up ×5
ABT Abbott Laboratories Common Stock $7,468,446 2.38% 82,306 $-1,129,962 Down ×1
DHR Danaher Corporation Common Stock $7,166,238 2.28% 37,622 $-190,621 Down ×1
CNI Canadian National Railway Company Common Stock $7,042,552 2.24% 59,062 $634,124 Down ×1
ATR AptarGroup, Inc. Common Stock $6,835,670 2.18% 54,598 $-1,026,087 Down ×1
RTX RTX Corporation Common Stock $6,564,467 2.09% 34,599 $-754,930 Down ×1
XYL Xylem Inc. Common Stock New $5,971,614 1.90% 50,517 $-137,463 Down ×1
VRTX Vertex Pharmaceuticals Incorporated - Common Stock $5,828,134 1.86% 11,733 $626,389 Up ×2
AXP American Express Company Common Stock $5,788,811 1.84% 17,114 $1,388,030 Up ×5
SCHW Charles Schwab Corporation (The) Common Stock $5,243,243 1.67% 56,825 $531,087 Up ×5
UBER Uber Technologies, Inc. Common Stock $4,202,815 1.34% 58,243 $483,458 Up ×5
ABBV AbbVie Inc. Common Stock $3,860,661 1.23% 15,342 $523,930
CVX Chevron Corporation Common Stock $3,759,768 1.20% 22,682 $-1,533,147 Down ×1
NEE NextEra Energy, Inc. Common Stock $3,473,936 1.11% 39,580 $642,025 Up ×2
XOM Exxon Mobil Corporation Common Stock $3,378,078 1.08% 24,708 $-822,363 Down ×2
ASML ASML Holding N.V. - New York Registry Shares $2,863,606 0.91% 1,460 $836,132 Down ×1
WCN Waste Connections, Inc. Common Shares $2,808,060 0.89% 16,846 $1,077,749 Up ×1
AVGO Broadcom Inc. - Common Stock $2,166,017 0.69% 5,734 $678,822 Up ×1
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $1,495,754 0.48% 1,960 $752,023 Up ×1
NSRGY CUSIP: 641069406 $1,355,507 0.43% 13,200 $-264,778 Down ×1
NSC Norfolk Southern Corporation Common Stock $1,243,574 0.40% 3,953 $109,063
Unknown issuer (CUSIP: 438516205) $964,337 0.31% 4,307 Up ×1
Unknown issuer (CUSIP: 43849R105) $952,192 0.30% 4,307 Up ×1
PEP PepsiCo, Inc. - Common Stock $859,790 0.27% 6,350 $-132,513 Down ×1
Unknown issuer (CUSIP: 00771X419) $743,818 0.24% 40,142 $114,937 Up ×1
NVO Novo Nordisk A/S Common Stock $587,265 0.19% 12,250 $-9,922 Down ×1
FISV Fiserv, Inc. - Common Stock $577,073 0.18% 11,765 $-2,052,781 Down ×1
EMR Emerson Electric Company Common Stock $572,600 0.18% 4,000 $48,520
SPOT Spotify Technology S.A. Ordinary Shares $567,943 0.18% 1,237 Up ×1
CARR Carrier Global Corporation Common Stock $511,616 0.16% 6,975 $-1,180,781 Down ×1
UNP Union Pacific Corporation Common Stock $496,400 0.16% 1,825 $53,618
Unknown issuer (CUSIP: B798FW902) $456,213 0.15% 7,250 $-119,230 Down ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $447,849 0.14% 895 $78,865 Up ×1
NVS Novartis AG Common Stock $403,554 0.13% 2,575 $10,223
Unknown issuer (CUSIP: 00171A878) $382,470 0.12% 36,219 $184,476 Up ×1
SPY SPY $373,385 0.12% 500 $48,215
V Visa Inc. $348,923 0.11% 1,017 $-416,349 Down ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $342,895 0.11% 825 $-463,463 Down ×2
CSCO Cisco Systems, Inc. - Common Stock $334,761 0.11% 2,850 $113,630
GIS General Mills, Inc. Common Stock $273,180 0.09% 7,850 $-24,580 Down ×1
WMT Walmart Inc. - Common Stock $233,882 0.07% 2,065 $-22,756
IOVA Iovance Biotherapeutics, Inc. - Common Stock $158,080 0.05% 38,000 $24,700
BBAI BigBear.ai, Inc. Common Stock $88,080 0.03% 24,000 $3,600
CLLS Cellectis S.A. - American Depositary Shares $72,000 0.02% 24,000 $-4,080
AUTL Autolus Therapeutics plc - American Depositary Shares $38,400 0.01% 24,000 $5,280

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
AMAT $10,852,953 3.46% up ×4
LLY $7,498,836 2.39% up ×5
AXP $5,788,811 1.84% up ×5
SCHW $5,243,243 1.67% up ×5
UBER $4,202,815 1.34% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 438516205) $964,337 4,307 0.31%
Unknown issuer (CUSIP: 43849R105) $952,192 4,307 0.30%
SPOT $567,943 1,237 0.18%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AMD Trimmed -5K +$12.2M
AMAT Bought more +425 +$5.9M
ROK Trimmed -1K +$3.0M
GOOGL Trimmed -5K +$2.8M
LLY Bought more +937 +$2.6M
FISV Trimmed -35K -$2.1M
ADI Trimmed -3K +$1.9M
AMZN Trimmed -183 +$1.6M
CVX Trimmed -3K -$1.5M
AXP Bought more +3K +$1.4M

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
HON June 30, 2026 8,295 $1,874,919 -4.4%
CRM Dec. 31, 2025 7,005 $1,660,185 -13.3%
MKC March 31, 2026 8,810 $600,049 -9.7%
IVV June 30, 2026 500 $326,605
BDX June 30, 2025 1,226 $280,827 33.4%
BALL Dec. 31, 2025 5,230 $263,697 7.8%
NVS Sept. 30, 2025 1,725 $208,742 9.9%
CHD June 30, 2025 1,850 $203,666 -0.5%