Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +27.5%
S&P 500 total return (same window) +37.0%
Excess return -9.5%

Annualized: +21.4% · 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: 87.8% · Options excluded: 0.0%

Sector breakdown

04
Technology 29.0%
Industrials 14.0%
Healthcare 13.8%
Financials 11.3%
Retail 8.9%
Communication Services 6.2%
Consumer products 2.2%
Materials 1.4%
Energy 1.4%
Utilities 1.0%
Other/Unmapped 10.8%

Full portfolio 91 positions

05
Type Streak 8Q trend
GOOGL Alphabet Inc. - Class A Common Stock $11,326,842 5.42% 31,695 $1,984,592 Down ×4
NVDA NVIDIA Corporation - Common Stock $11,124,404 5.32% 55,597 $1,161,281 Down ×6
AMD Advanced Micro Devices, Inc. - Common Stock $10,602,188 5.07% 18,251 $6,549,049 Down ×1
AAPL Apple Inc. - Common Stock $9,456,862 4.52% 32,682 $1,184,070 Up ×6
AMAT Applied Materials, Inc. - Common Stock $9,443,826 4.52% 13,062 $5,134,539 Up ×4
ADI Analog Devices, Inc. - Common Stock $8,766,336 4.19% 22,072 $1,273,821 Down ×1
MSFT Microsoft Corporation - Common Stock $7,454,059 3.57% 19,983 $437,857 Up ×3
LLY Eli Lilly and Company Common Stock $7,184,585 3.44% 5,990 $2,005,359 Up ×6
AMZN Amazon.com, Inc. - Common Stock $6,924,253 3.31% 29,052 $880,883 Up ×6
RTX RTX Corporation Common Stock $6,044,228 2.89% 31,857 $-225,214 Down ×2
SBGSY CUSIP: 80687P106 $5,924,275 2.83% 90,891 $1,037,821 Up ×1
TJX TJX Companies, Inc. (The) Common Stock $5,744,576 2.75% 37,918 $-287,293 Up ×1
MA Mastercard Incorporated Common Stock $5,610,053 2.68% 10,923 $314,158 Up ×2
ROK Rockwell Automation, Inc. Common Stock $5,575,095 2.67% 11,261 $1,513,650 Down ×5
JNJ Johnson & Johnson Common Stock $5,546,197 2.65% 21,838 $144,807 Down ×2
HD Home Depot, Inc. (The) Common Stock $4,939,636 2.36% 14,006 $407,531 Up ×6
PG Procter & Gamble Company (The) Common Stock $4,114,425 1.97% 28,058 $169,624 Up ×6
VRTX Vertex Pharmaceuticals Incorporated - Common Stock $4,113,917 1.97% 8,282 $626,441 Up ×2
AXP American Express Company Common Stock $4,069,824 1.95% 12,032 $1,108,846 Up ×6
ADP Automatic Data Processing, Inc. - Common Stock $3,931,664 1.88% 17,556 $375,403 Up ×3
ABT Abbott Laboratories Common Stock $3,844,291 1.84% 42,366 $-709,124 Down ×1
DHR Danaher Corporation Common Stock $3,674,931 1.76% 19,293 $-283,728 Down ×1
XYL Xylem Inc. Common Stock New $3,494,643 1.67% 29,563 $43,246 Up ×3
ATR AptarGroup, Inc. Common Stock $2,892,996 1.38% 23,107 $-282,960 Down ×1
SCHW Charles Schwab Corporation (The) Common Stock $2,717,075 1.30% 29,447 $307,146 Up ×4
UBER Uber Technologies, Inc. Common Stock $2,700,877 1.29% 37,429 $261,444 Up ×5
Unknown issuer (CUSIP: 00171A878) $2,667,962 1.28% 252,648 $197,066
V Visa Inc. $2,487,059 1.19% 7,249 $235,673 Down ×2
CVX Chevron Corporation Common Stock $2,425,732 1.16% 14,634 $-530,868 Up ×3
Unknown issuer (CUSIP: 00771X419) $2,391,508 1.14% 129,061 $46,100 Up ×4
CNI Canadian National Railway Company Common Stock $2,136,780 1.02% 17,920 $261,228 Down ×6
NEE NextEra Energy, Inc. Common Stock $1,928,745 0.92% 21,975 $668,734 Up ×6
AVGO Broadcom Inc. - Common Stock $1,745,583 0.84% 4,621 $828,815 Up ×2
JPM JP Morgan Chase & Co. Common Stock $1,711,281 0.82% 5,228 $173,413
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $1,651,787 0.79% 3,301 $69,948
MS Morgan Stanley Common Stock $1,626,958 0.78% 7,783 $214,454 Down ×1
ABBV AbbVie Inc. Common Stock $1,594,391 0.76% 6,336 $140,253 Down ×2
GOOG Alphabet Inc. - Class C Capital Stock $1,528,152 0.73% 4,325 $264,534 Down ×2
VIG VANGUARD SPECIALIZED FUNDS $1,474,379 0.71% 6,231 $134,340
UNH UnitedHealth Group Incorporated Common Stock (DE) $1,473,824 0.71% 3,546 $-605,660 Down ×3
WCN Waste Connections, Inc. Common Shares $1,302,014 0.62% 7,811 $759,465 Up ×1
Unknown issuer (CUSIP: 921908604) $1,279,557 0.61% 40,634 $100,771
IBM International Business Machines Corporation Common Stock $1,226,076 0.59% 4,360 $-97,373 Down ×2
Unknown issuer (CUSIP: 921909107) $961,603 0.46% 31,272 $69,735
WM Waste Management, Inc. Common Stock $923,169 0.44% 4,142 $-28,621
Unknown issuer (CUSIP: 30161q104) $897,765 0.43% 16,500 $104,300 Down ×2
IWV iShares Trust $896,293 0.43% 2,102 $117,124
CB Chubb Limited Common Stock $885,924 0.42% 2,600 $-26,680 Down ×2
CP Canadian Pacific Kansas City Limited Common Shares $736,092 0.35% 8,495 $148,817 Up ×5
WAB Westinghouse Air Brake Technologies Corporation Common Stock $727,920 0.35% 2,700 $-9,314 Down ×2
MRK Merck & Company, Inc. Common Stock (new) $700,967 0.34% 5,455 $44,786
COST Costco Wholesale Corporation - Common Stock $671,668 0.32% 718 $-43,769
GPN Global Payments Inc. Common Stock $656,668 0.31% 9,050 $-80,267 Down ×2
IWF iShares Trust $620,850 0.30% 5,000 $-18,750 Up ×1
Unknown issuer (CUSIP: 922908710) $543,212 0.26% 785 $52,199 Down ×1
XOM Exxon Mobil Corporation Common Stock $529,790 0.25% 3,875 $-127,642
Unknown issuer (CUSIP: 461418444) $524,003 0.25% 18,201 $-18,990 Down ×2
Unknown issuer (CUSIP: 922908686) $521,076 0.25% 3,590 $70,654
Unknown issuer (CUSIP: 922908728) $520,138 0.25% 2,887 $69,138
TXN Texas Instruments Incorporated - Common Stock $481,383 0.23% 1,615 $167,847
Unknown issuer (CUSIP: 413838202) $466,579 0.22% 14,221 $34,130
MCO Moody's Corporation Common Stock $452,920 0.22% 1,000 $-70,580 Down ×2
APH Amphenol Corporation Common Stock $436,039 0.21% 2,473 $89,082 Down ×1
AMGN Amgen Inc. - Common Stock $420,059 0.20% 1,160 $11,913
WMS Advanced Drainage Systems, Inc. Common Stock $415,944 0.20% 2,650 $-29,728 Down ×4
CARR Carrier Global Corporation Common Stock $401,371 0.19% 5,472 $-307,234 Down ×3
Unknown issuer (CUSIP: 922042700) $396,467 0.19% 2,763 $63,858
Unknown issuer (CUSIP: 922042841) $341,420 0.16% 6,893 $34,604
Unknown issuer (CUSIP: 922042809) $334,552 0.16% 3,022 $43,983 Up ×1
WFC Wells Fargo & Company Common Stock $330,560 0.16% 4,000 $12,120
ITW Illinois Tool Works Inc. Common Stock $319,155 0.15% 1,180 $12,012
REGN Regeneron Pharmaceuticals, Inc. - Common Stock $311,770 0.15% 500 $-74,550
SGI Somnigroup International Inc. Common Stock $305,760 0.15% 3,900 $-86,016 Down ×3
SPGI S&P Global Inc. Common Stock $285,082 0.14% 700 $-55,190 Down ×1
CINF Cincinnati Financial Corporation - Common Stock $277,710 0.13% 1,500 $41,685
WD Walker & Dunlop, Inc Common Stock $273,500 0.13% 5,000 $-50,474 Down ×2
Unknown issuer (CUSIP: 45775L408) $269,866 0.13% 3,119 $-309,969 Down ×2
VOO VANGUARD INDEX FUNDS $267,856 0.13% 390 $34,812
CL Colgate-Palmolive Company Common Stock $265,872 0.13% 2,900 $14,444 Down ×2
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $260,231 0.12% 341 Up ×1
GS Goldman Sachs Group, Inc. (The) Common Stock $252,842 0.12% 250 $41,345
BEP Brookfield Renewable Partners L.P. Limited Partnership Units $251,792 0.12% 7,250 $15,152
WMT Walmart Inc. - Common Stock $246,000 0.12% 2,172 $-23,936
Unknown issuer (CUSIP: 779546308) $242,992 0.12% 2,736 $21,724
FISV Fiserv, Inc. - Common Stock $237,156 0.11% 4,835 $-684,660 Down ×3
Unknown issuer (CUSIP: 30254T759) $232,366 0.11% 5,135 $14,481
ACWX iShares MSCI ACWI ex U.S. ETF $214,250 0.10% 2,815 Up ×1
Unknown issuer (CUSIP: 921908828) $209,026 0.10% 3,254 Up ×1
UNP Union Pacific Corporation Common Stock $206,720 0.10% 760
VTEI VANGUARD MUNICIPAL BOND FUNDS $201,334 0.10% 1,994
Unknown issuer (CUSIP: 74925K581) $193,520 0.09% 12,962 $12,832

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
AAPL $9,456,862 4.52% up ×6
AMAT $9,443,826 4.52% up ×4
MSFT $7,454,059 3.57% up ×3
LLY $7,184,585 3.44% up ×6
AMZN $6,924,253 3.31% up ×6
HD $4,939,636 2.36% up ×6
PG $4,114,425 1.97% up ×6
AXP $4,069,824 1.95% up ×6
ADP $3,931,664 1.88% up ×3
XYL $3,494,643 1.67% up ×3
SCHW $2,717,075 1.30% up ×4
UBER $2,700,877 1.29% up ×5
CVX $2,425,732 1.16% up ×3
None $2,391,508 1.14% up ×4
NEE $1,928,745 0.92% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
CRWD $260,231 341 0.12%
ACWX $214,250 2,815 0.10%
Unknown issuer (CUSIP: 921908828) $209,026 3,254 0.10%
UNP $206,720 760 0.10%
VTEI $201,334 1,994 0.10%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AMD Trimmed -2K +$6.5M
AMAT Bought more +454 +$5.1M
LLY Bought more +359 +$2.0M
GOOGL Trimmed -793 +$2.0M
ROK Trimmed -56 +$1.5M
ADI Trimmed -1K +$1.3M
AAPL Bought more +85 +$1.2M
NVDA Trimmed -2K +$1.2M
AXP Bought more +2K +$1.1M
SBGSY Bought more +1K +$1.0M

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
CRM Dec. 31, 2025 6,395 $1,515,615 -11.4%
NVO Sept. 30, 2025 14,678 $1,013,074 -32.7%
MKC March 31, 2026 9,945 $677,353 -11.4%
BDX June 30, 2025 2,802 $641,826 30.6%
BALL Sept. 30, 2025 7,095 $397,959 11.8%
HON June 30, 2026 1,505 $340,175 -4.4%
NSRGY Sept. 30, 2025 3,325 $330,239 No longer tracked
LYV Sept. 30, 2025 2,000 $302,560 3.3%
SBUX June 30, 2025 3,010 $295,251 3.4%
PEP June 30, 2026 1,870 $290,393 -7.0%
CMCSA Sept. 30, 2025 8,000 $285,520 -31.3%
RELX March 31, 2026 6,750 $272,835 0.8%
ADBE Sept. 30, 2025 705 $272,750 -32.6%
UNP March 31, 2026 1,160 $268,332 14.7%
SPY Dec. 31, 2025 398 $265,140 No longer tracked
DVN March 31, 2026 7,000 $256,410 -5.3%
MORN June 30, 2026 1,494 $252,561 17.6%
SGDM June 30, 2026 3,250 $245,342
MRSH Dec. 31, 2025 1,210 $243,851 -8.3%
CL Sept. 30, 2025 2,600 $236,340 5.4%
PEP June 30, 2025 1,570 $235,406 -4.7%
DIS March 31, 2026 2,000 $227,540 6.0%
AIG June 30, 2026 3,000 $225,750 0.5%
ZS March 31, 2026 1,000 $224,920 40.1%
CMCSA March 31, 2026 7,400 $207,274 -24.9%
VTEI March 31, 2026 1,994 $201,055
EBC June 30, 2025 12,000 $196,800 40.6%
SAN June 30, 2026 10,434 $117,696 -3.2%