Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +19.0%
S&P 500 total return (same window) +37.0%
Excess return -18.0%

Annualized: +14.9% · 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: 100.0% · Options excluded: 0.0%

Sector breakdown

04
Technology 34.8%
Financials 21.1%
Industrials 14.9%
Health Care 13.4%
Communication Services 7.2%
Retail 3.7%
Consumer Discretionary 3.1%
Other/Unmapped 1.8%

Full portfolio 31 positions

05
Type Streak 8Q trend
AMAT Applied Materials, Inc. - Common Stock $182,601,603 13.21% 252,561 $92,729,290 Down ×3
TSM Taiwan Semiconductor Manufacturing Company Ltd. $126,730,363 9.17% 265,365 $33,729,227 Down ×3
GOOG Alphabet Inc. - Class C Capital Stock $99,884,978 7.22% 282,696 $16,723,403 Down ×3
APH Amphenol Corporation Common Stock $87,165,908 6.30% 494,362 $20,466,754 Down ×4
ADI Analog Devices, Inc. - Common Stock $76,152,979 5.51% 191,739 $12,954,468 Down ×3
V Visa Inc. $69,804,405 5.05% 203,458 $11,170,752 Up ×2
MSFT Microsoft Corporation - Common Stock $63,617,442 4.60% 170,547 $-2,817,338 Down ×3
AXP American Express Company Common Stock $57,877,958 4.19% 171,110 $4,575,840 Down ×3
ROST Ross Stores, Inc. - Common Stock $50,821,769 3.68% 238,768 $-902,543
TMO Thermo Fisher Scientific Inc Common Stock $48,830,459 3.53% 97,396 $957,403
BKNG Booking Holdings Inc. - Common Stock $43,355,276 3.14% 243,241 $5,020,312 Up ×2
NDAQ Nasdaq, Inc. - Common Stock $40,357,653 2.92% 512,023 $-3,107,979
AME AMETEK, Inc. $39,648,159 2.87% 163,876 $4,519,700
RMD ResMed Inc. Common Stock $39,564,732 2.86% 203,021 $-6,009,422
BRO Brown & Brown, Inc. Common Stock $39,148,628 2.83% 610,267 $-3,889,320 Down ×2
ABT Abbott Laboratories Common Stock $38,467,680 2.78% 423,933 $-5,057,521
MA Mastercard Incorporated Common Stock $33,769,714 2.44% 65,751 $5,735,790 Up ×1
ADP Automatic Data Processing, Inc. - Common Stock $31,639,656 2.29% 141,280 $2,934,386
SYK Stryker Corporation Common Stock $29,918,616 2.16% 95,028 $-1,306,635
WRB W.R. Berkley Corporation Common Stock $27,546,691 1.99% 390,567 $1,659,910
GWW W.W. Grainger, Inc. Common Stock $27,073,320 1.96% 19,901 $5,365,110
ESGV VANGUARD WORLD FUND $21,804,789 1.58% 164,888 Up ×1
HDB HDFC Bank Limited Common Stock $21,770,867 1.57% 842,852 $285,967 Down ×2
CRM Salesforce, Inc. Common Stock $18,749,225 1.36% 119,681 $-915,713 Up ×2
ALC Alcon Inc. Ordinary Shares $16,871,217 1.22% 249,707 $-1,639,712
INTU Intuit Inc. - Common Stock $13,688,145 0.99% 52,445 $-7,098,091 Up ×1
ZTS Zoetis Inc. Class A Common Stock $11,746,379 0.85% 163,462 $-23,629,855 Down ×3
EFX Equifax, Inc. Common Stock $10,733,757 0.78% 67,627 $-12,124,149 Down ×3
RBA RB Global, Inc. Common Stock $9,498,128 0.69% 81,664 $248,803 Down ×2
VSGX Vanguard ESG International Stock ETF $2,440,969 0.18% 29,645 Up ×1
EWBC East West Bancorp, Inc. - Common Stock $1,377,648 0.10% 10,672 Up ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
ESGV $21,804,789 164,888 1.58%
VSGX $2,440,969 29,645 0.18%
EWBC $1,377,648 10,672 0.10%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AMAT Trimmed -10K +$92.7M
TSM Trimmed -10K +$33.7M
ZTS Trimmed -136K -$23.6M
APH Trimmed -34K +$20.5M
GOOG Trimmed -7K +$16.7M
ADI Trimmed -7K +$13.0M
EFX Trimmed -59K -$12.1M
V Bought more +9K +$11.2M
INTU Bought more +4K -$7.1M
RMD Price move only +0 -$6.0M

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
MRSH Sept. 30, 2025 187,494 $40,993,688 -15.4%
FDS Sept. 30, 2025 72,174 $32,281,987 -3.5%
HD Sept. 30, 2025 70,543 $25,863,886 -30.6%
NDSN June 30, 2025 119,311 $24,067,415 56.0%
COST Sept. 30, 2025 23,963 $23,721,932 -0.2%
ACN June 30, 2026 114,450 $22,694,291 56.7%
MSCI June 30, 2026 36,194 $19,508,928 -1.4%
NVT June 30, 2026 4,769 $564,077 -1.4%
JKHY June 30, 2026 3,043 $480,916 5.4%
AIT June 30, 2026 1,784 $473,331 2.3%
LFUS June 30, 2026 1,341 $455,068 -0.9%
AAPL Sept. 30, 2025 1,912 $444,444 30.7%
TECH June 30, 2026 8,137 $425,240 2.7%
CR June 30, 2026 2,121 $362,691 -6.0%
SF June 30, 2026 4,676 $345,650 1.2%
WTS June 30, 2026 1,143 $331,801 -7.3%
ESAB June 30, 2026 3,294 $318,398 -27.5%
MORN Sept. 30, 2025 895 $280,967 -18.5%
EVR June 30, 2026 906 $270,450 -22.3%
MKTX June 30, 2026 1,604 $264,628 44.5%
SIGI Sept. 30, 2025 2,734 $236,901 5.2%
HLNE June 30, 2026 2,167 $215,400 10.8%
POWI June 30, 2025 4,211 $212,656 -2.8%
LMAT June 30, 2026 1,920 $209,606 -15.6%
TRU June 30, 2026 2,465 $170,553 -11.5%
GGG Dec. 31, 2025 1,842 $156,496 -3.8%
RYAN June 30, 2026 3,896 $131,451 0.6%
RLI June 30, 2026 2,164 $123,435 -5.1%
BMI June 30, 2026 639 $97,352 -15.8%
PAYC June 30, 2026 796 $96,746 79.7%