Performance vs S&P 500

03
Tracked Q1 2025–Q3 2026 +35.6%
S&P 500 total return (same window) +39.9%
Excess return -4.3%

Annualized: +22.5% · S&P 500: +25.1%

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: 94.7% · Options excluded: 0.0%

Sector breakdown

04
Energy 41.3%
Technology 11.4%
Financials 6.1%
Industrials 5.1%
Communication Services 4.5%
Healthcare 4.4%
Retail 3.1%
Consumer Staples 1.5%
Utilities 1.2%
Consumer Discretionary 0.9%
Real Estate 0.7%
Consumer products 0.6%
Materials 0.2%
Other/Unmapped 19.1%

Full portfolio 181 positions

05
Type Streak 8Q trend
XOM Exxon Mobil Corporation Common Stock $170,471,731 37.20% 1,047,445 $26,524,112 Down ×6
IUSG iShares Core S&P U.S. Growth ETF $23,366,638 5.10% 120,602 $-1,035,218 Down ×6
HF Tidal Trust II $19,142,712 4.18% 853,492 $120,067 Down ×1
IVV iShares Trust $14,954,753 3.26% 19,527 $-1,105,193 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $9,266,166 2.02% 27,194 $-364,982 Down ×3
NVDA NVIDIA Corporation - Common Stock $9,168,098 2.00% 40,144 $1,111,264 Down ×1
AMZN Amazon.com, Inc. - Common Stock $9,162,740 2.00% 36,776 $316,513 Down ×3
AAPL Apple Inc. - Common Stock $8,772,749 1.91% 26,343 $1,001,986 Down ×2
JPM JP Morgan Chase & Co. Common Stock $6,945,714 1.52% 20,995 $-190,802 Down ×2
META Meta Platforms, Inc. - Class A Common Stock $6,923,404 1.51% 9,547 $1,269,662 Down ×1
ETN Eaton Corporation, PLC Ordinary Shares $6,139,267 1.34% 14,287 $2,287 Down ×1
MU Micron Technology, Inc. - Common Stock $4,445,781 0.97% 4,174 $-174,855 Up ×1
IWM iShares Trust $4,424,009 0.97% 15,920 $-435,169 Down ×2
V Visa Inc. $4,350,408 0.95% 12,107 $166,425 Down ×4
ITOT iShares Trust $3,981,575 0.87% 23,945 $-1,551,367 Down ×1
EPD Enterprise Products Partners L.P. Common Stock $3,864,148 0.84% 108,513 $-492,390 Down ×1
AVGO Broadcom Inc. - Common Stock $3,723,211 0.81% 10,602 $-81,086 Up ×3
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $3,574,125 0.78% 13,500 $159,837 Up ×1
PM Philip Morris International Inc Common Stock $3,435,523 0.75% 18,004 $-333,194 Down ×3
MSFT Microsoft Corporation - Common Stock $3,275,379 0.71% 6,386 $859,701 Down ×3
SNOW Snowflake Inc. Common Stock $3,214,954 0.70% 9,468 $537,868 Down ×2
SPY SPY $3,050,520 0.67% 4,000 Put option Up ×1
MPLX MPLX LP Common Units Representing Limited Partner Interests $2,903,183 0.63% 51,548 $-11,782 Down ×1
TMO Thermo Fisher Scientific Inc Common Stock $2,742,297 0.60% 4,062 $702,093 Down ×1
JNJ Johnson & Johnson Common Stock $2,616,955 0.57% 9,885 $36,874 Down ×6
APO Apollo Global Management, Inc. (New) Common Stock $2,592,883 0.57% 22,341 $-101,486 Down ×1
BCRX BioCryst Pharmaceuticals, Inc. - Common Stock $2,535,052 0.55% 304,328 $-1,208,228 Down ×1
ASML ASML Holding N.V. - New York Registry Shares $2,483,800 0.54% 1,371 $-271,574 Down ×4
NOW ServiceNow, Inc. Common Stock $2,471,814 0.54% 18,445 $745,335 Up ×4
MRK Merck & Company, Inc. Common Stock (new) $2,304,762 0.50% 15,861 $181,685 Down ×5
MO Altria Group, Inc. $2,260,475 0.49% 33,568 $-249,483 Down ×1
FFIN First Financial Bankshares, Inc. - Common Stock $2,056,752 0.45% 64,800 $-188,788 Down ×3
IBRX ImmunityBio, Inc. - Common Stock $1,982,400 0.43% 210,000 $1,106,900 Up ×2
PH Parker-Hannifin Corporation Common Stock $1,916,573 0.42% 2,006 $-50,426 Down ×1
AMGN Amgen Inc. - Common Stock $1,875,829 0.41% 4,450 $182,169 Down ×1
SGU Star Group L.P. Common Stock $1,796,817 0.39% 139,939 $0
EOG EOG Resources, Inc. Common Stock $1,792,794 0.39% 13,014 $88,147 Down ×5
SONY Sony Group Corporation American Depositary Shares $1,687,666 0.37% 71,724 $224,851 Down ×2
IEMG iShares, Inc. $1,670,597 0.36% 20,584 $-51,895 Down ×2
SHOP Shopify Inc. - Class A Subordinate Voting Shares $1,643,016 0.36% 11,079 $368,996 Down ×1
AMD Advanced Micro Devices, Inc. - Common Stock $1,631,564 0.36% 2,667 $-14,735 Down ×2
UBER Uber Technologies, Inc. Common Stock $1,628,757 0.36% 23,774 $-148,832 Down ×1
AXP American Express Company Common Stock $1,552,126 0.34% 5,104 $-211,510 Down ×2
USB U.S. Bancorp Common Stock $1,547,390 0.34% 26,790 $-79,122 Down ×4
LHX L3Harris Technologies, Inc. Common Stock $1,543,095 0.34% 6,517 $-119,080 Up ×2
CVX Chevron Corporation Common Stock $1,508,665 0.33% 7,388 $267,838 Down ×1
BA Boeing Company (The) Common Stock $1,500,121 0.33% 8,063 $-253,719 Down ×2
DVN Devon Energy Corporation Common Stock $1,490,947 0.33% 32,384 $133,982 Down ×1
CAT Caterpillar, Inc. Common Stock $1,474,016 0.32% 1,818 $-461,972
DUK Duke Energy Corporation (Holding Company) Common Stock $1,444,963 0.32% 12,674 $-156,021 Up ×2
GLD SPDR Gold Shares $1,407,204 0.31% 3,695 $457,889 Up ×3
BKNG Booking Holdings Inc. - Common Stock $1,321,363 0.29% 8,111 $-543,027 Down ×1
DKS Dick's Sporting Goods Inc Common Stock $1,312,550 0.29% 9,774 $-330,008 Up ×1
MCD McDonald's Corporation Common Stock $1,304,580 0.28% 5,649 $190,632 Up ×1
HD Home Depot, Inc. (The) Common Stock $1,297,559 0.28% 4,561 $-280,331 Up ×1
REFI Chicago Atlantic Real Estate Finance, Inc. - Common Stock $1,290,396 0.28% 128,782 $100,390 Up ×1
CGBD Carlyle Secured Lending, Inc. - Closed End Fund $1,280,459 0.28% 119,781 $19,165
IBIT iShares Bitcoin Trust ETF $1,276,618 0.28% 26,967 $267,498 Down ×1
OC Owens Corning Inc Common Stock New $1,156,076 0.25% 9,903 $-449,897 Down ×3
PSA Public Storage Common Stock $1,150,027 0.25% 4,066 $-150,588 Down ×2
ABBV AbbVie Inc. Common Stock $1,137,984 0.25% 4,350 $27,450 Down ×1
LYV Live Nation Entertainment, Inc. Common Stock $1,120,089 0.24% 6,616 $191,721 Up ×1
MA Mastercard Incorporated Common Stock $1,099,080 0.24% 1,993 $59,040 Down ×4
PLTR Palantir Technologies Inc. - Class A Common Stock $1,069,739 0.23% 5,719 Up ×1
ISRG Intuitive Surgical, Inc. - Common Stock $1,034,060 0.23% 2,543 $-39,278 Down ×1
ORCL Oracle Corporation Common Stock $1,018,491 0.22% 7,418 $36,166 Up ×3
TSLA Tesla, Inc. - Common Stock $1,014,047 0.22% 2,858 $-223,358 Down ×2
DE Deere & Company Common Stock $993,222 0.22% 1,479 $49,339 Down ×1
APH Amphenol Corporation Common Stock $990,778 0.22% 11,753 Up ×1
ZBRA Zebra Technologies Corporation - Class A Common Stock $960,527 0.21% 2,573 $111,777 Down ×3
KMI Kinder Morgan, Inc. Common Stock $955,854 0.21% 31,703 $-69,049 Down ×3
FCX Freeport-McMoRan, Inc. Common Stock $907,550 0.20% 12,965 $94,697 Up ×3
PG Procter & Gamble Company (The) Common Stock $897,827 0.20% 6,180 $-54,235 Down ×6
LOW Lowe's Companies, Inc. Common Stock $896,755 0.20% 4,866 $-215,176 Down ×5
TCBX Third Coast Bancshares, Inc. - Common Stock $894,726 0.20% 21,107 $42,003
PEP PepsiCo, Inc. - Common Stock $886,533 0.19% 6,996 $-96,336 Down ×1
INTU Intuit Inc. - Common Stock $847,257 0.18% 3,073 $-502,374 Down ×1
BSM Black Stone Minerals, L.P. Common units representing limited partner interests $846,699 0.18% 59,127 $10,916 Down ×1
BAC Bank of America Corporation Common Stock $845,461 0.18% 15,533 $-45,307 Down ×1
FTAI FTAI Aviation Ltd. - Common Stock $843,932 0.18% 5,053 $-145,272 Up ×1
WMT Walmart Inc. - Common Stock $841,544 0.18% 8,098 $-90,812 Down ×4
ABT Abbott Laboratories Common Stock $840,944 0.18% 8,509 $-11,014 Down ×3
GOOGL Alphabet Inc. - Class A Common Stock $818,566 0.18% 2,379 $-49,128 Down ×5
GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF $810,792 0.18% 13,984 $-25,716 Down ×2
EXE Expand Energy Corporation - Common Stock $807,432 0.18% 9,602 $-50,484 Up ×1
NOG Northern Oil and Gas, Inc. Common Stock $803,454 0.18% 35,116 $125,624 Down ×1
MDT Medtronic plc. Ordinary Shares $801,893 0.18% 9,293 $64,341 Down ×6
UNH UnitedHealth Group Incorporated Common Stock (DE) $788,855 0.17% 2,149 $-108,490 Down ×5
EFA iShares Trust $779,487 0.17% 7,503 $-20,701 Down ×2
DIS Walt Disney Company (The) Common Stock $764,826 0.17% 7,291 $51,264 Down ×6
CSCO Cisco Systems, Inc. - Common Stock $753,625 0.16% 7,002 $-100,544 Down ×5
Unknown issuer (CUSIP: 438516205) $751,240 0.16% 3,561 $-29,275 Up ×1
FSLR First Solar, Inc. - Common Stock $748,108 0.16% 4,271 $-157,035 Up ×1
CEG Constellation Energy Corporation - Common Stock When-Issued $740,214 0.16% 2,914 $16,464
XLV SELECT SECTOR SPDR TRUST $729,090 0.16% 4,329 $-932,556 Down ×1
IAU iShares Gold Trust Shares $719,692 0.16% 9,215 $23,867
TDG Transdigm Group Incorporated Common Stock $709,103 0.15% 655 $-174,040 Down ×3
VST Vistra Corp. Common Stock $701,850 0.15% 5,073 $-95,107 Up ×2
QXO QXO, Inc. Common Stock $682,275 0.15% 58,364 $-188,689 Up ×1
FDX FedEx Corporation Common Stock $659,698 0.14% 2,314 $-73,652 Down ×6

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
AVGO $3,723,211 0.81% up ×3
NOW $2,471,814 0.54% up ×4
GLD $1,407,204 0.31% up ×3
ORCL $1,018,491 0.22% up ×3
FCX $907,550 0.20% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
SPY $3,050,520 4,000 0.67%
PLTR $1,069,739 5,719 0.23%
APH $990,778 11,753 0.22%
CRBP $518,149 75,975 0.11%
MRVL $513,624 1,944 0.11%
HOOD $408,038 3,627 0.09%
SNDK $367,117 211 0.08%
CRWV $364,162 4,180 0.08%
RQI $359,569 32,988 0.08%
IMTX $263,400 30,000 0.06%
MUA $233,813 24,483 0.05%
MSTR $200,854 1,312 0.04%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
XOM Trimmed -5K +$26.5M
ITOT Trimmed -10K -$1.6M
META Trimmed -490 +$1.3M
BCRX Trimmed -70K -$1.2M
NVDA Trimmed -122 +$1.1M
IBRX Bought more +110K +$1.1M
IVV Trimmed -2K -$1.1M
IUSG Trimmed -9K -$1.0M
AAPL Trimmed -512 +$1.0M
XLV Trimmed -6K -$933K

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
XLK Sept. 30, 2026 12,972 $2,471,425 2.1%
VGT Sept. 30, 2026 15,416 $1,842,520
HON June 30, 2026 6,897 $1,558,859 -4.4%
VOO Sept. 30, 2026 2,213 $1,520,064
SABA Sept. 30, 2026 140,000 $1,169,000 -0.5%
CHTR Sept. 30, 2025 2,613 $1,068,299 -60.3%
VOX Sept. 30, 2026 5,059 $930,603
GTLS March 31, 2026 4,509 $929,891 No longer tracked
PYPL Dec. 31, 2025 12,451 $834,964 -9.6%
VIS Sept. 30, 2026 2,004 $722,202
SLV March 31, 2026 11,153 $718,476 -19.7%
XLI Dec. 31, 2025 3,812 $587,925 9.6%
HOOD Sept. 30, 2025 6,167 $577,416 -21.3%
CTRA June 30, 2026 16,358 $574,820 No longer tracked
MTN Dec. 31, 2025 3,726 $557,298 6.3%
ABNB June 30, 2025 4,662 $556,923 22.7%
VRDN Sept. 30, 2026 30,000 $551,100 -5.8%
CRM Sept. 30, 2026 3,484 $545,803 2.2%
SSB (filed as SSBXXXX) Dec. 31, 2025 5,133 $507,500 8.3%
PYPL Sept. 30, 2026 11,301 $487,977 0.5%
IYW Sept. 30, 2026 1,909 $481,507 0.5%
MSTR Dec. 31, 2025 1,350 $434,984 5.3%
CCL June 30, 2026 16,479 $426,477 -9.8%
EA Sept. 30, 2025 2,667 $425,920 No longer tracked
FCEL Sept. 30, 2026 10,000 $360,100 12.5%
XLY Sept. 30, 2026 2,980 $349,494 No longer tracked
SDS Dec. 31, 2025 23,953 $346,121 -21.8%
SMG Dec. 31, 2025 5,957 $339,251 -16.0%
VFH Dec. 31, 2025 2,559 $335,843
ADBE Sept. 30, 2026 1,614 $330,902 -0.9%
IYC Sept. 30, 2026 3,269 $330,496 0.4%
USO Sept. 30, 2026 3,000 $319,320 1.2%
CSR Sept. 30, 2026 5,480 $307,921 0.2%
GDX June 30, 2025 6,421 $295,173 68.6%
K June 30, 2025 3,550 $292,840 No longer tracked
WSR Sept. 30, 2026 15,400 $291,984 No longer tracked
CMCSA Sept. 30, 2026 11,786 $289,346 -0.9%
IYF Sept. 30, 2026 2,264 $288,683 2.8%
COIN June 30, 2025 1,623 $279,529 -47.8%
NKE June 30, 2026 4,578 $241,810 -17.5%
TAP Sept. 30, 2026 6,179 $240,753 1.1%
NEM June 30, 2025 4,916 $237,344 98.4%
T June 30, 2025 8,198 $231,839 -16.0%
SPY Sept. 30, 2025 362 $223,662 No longer tracked
VUG March 31, 2026 451 $220,025
GLXY Sept. 30, 2026 7,613 $208,139 1.4%
CPT Sept. 30, 2025 1,823 $205,454 -10.1%
SYK June 30, 2026 613 $201,426 -12.5%
CPT March 31, 2026 1,825 $200,938 -1.7%
TXN Sept. 30, 2025 965 $200,451 59.9%
VFC Sept. 30, 2025 16,532 $194,251 -0.7%
UNG March 31, 2026 14,600 $178,996 -10.7%
CLSK Sept. 30, 2026 11,849 $172,403 -1.1%
NCV (filed as NCVXXXX) June 30, 2025 10,856 $140,368 6.6%
ONCY June 30, 2026 100,000 $84,880 -33.6%
DRCT June 30, 2026 102,569 $83,081 -66.4%
NAK June 30, 2026 10,500 $14,700 No longer tracked