Performance vs S&P 500

03
Tracked Q4 2025–Q2 2026 +9.8%
S&P 500 total return (same window) +8.7%
Excess return +1.2%

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: 99.3% · Options excluded: 0.0%

Sector breakdown

04
Communication Services 27.4%
Retail 8.5%
Technology 3.6%
Other/Unmapped 60.5%

Full portfolio 9 positions

05
Type Streak 8Q trend
SPY SPY $165,088,444 28.31% 221,070 $21,317,780
QQQ Invesco QQQ Trust, Series 1 $137,477,043 23.58% 186,688 $29,724,463
GOOGL Alphabet Inc. - Class A Common Stock $98,423,272 16.88% 275,410 $58,630,719 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $61,476,907 10.54% 109,139 $19,059,761 Up ×1
AMZN Amazon.com, Inc. - Common Stock $49,536,109 8.49% 207,838 $10,415,089 Up ×1
VOO Vanguard S&P 500 ETF $25,549,332 4.38% 37,200 $3,320,472
QQQM Invesco NASDAQ 100 ETF $22,722,750 3.90% 75,000 Up ×1
MSFT Microsoft Corporation - Common Stock $20,865,620 3.58% 55,937 $159,421
GLD SPDR Gold Shares $1,989,252 0.34% 5,400 $-334,314

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
QQQM $22,722,750 75,000 3.90%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
GOOGL Bought more +137K +$58.6M
QQQ Price move only +0 +$29.7M
SPY Price move only +0 +$21.3M
META Bought more +35K +$19.1M
AMZN Bought more +20K +$10.4M
VOO Price move only +0 +$3.3M
GLD Price move only +0 -$334K
MSFT Price move only +0 +$159K

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
TQQQ June 30, 2026 267,501 $11,149,442
BRK-B (filed as BRKB) March 31, 2026 7,000 $3,518,550 No longer tracked
ITA June 30, 2026 14,000 $3,062,500 -14.2%
CRTO June 30, 2026 121,000 $2,169,530 -19.9%
APO March 31, 2026 8,365 $1,210,917 2.7%
ARCC March 31, 2026 57,729 $1,167,858 5.2%
BX March 31, 2026 7,454 $1,148,960 -4.8%
OWL March 31, 2026 53,013 $792,014 -3.0%