Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +22.1%
S&P 500 total return (same window) +37.0%
Excess return -14.9%

Annualized: +17.4% · 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: 100.0% · Options excluded: 0.0%

Sector breakdown

04
Financials 17.8%
Health Care 16.8%
Technology 14.6%
Utilities 8.7%
Consumer Staples 8.1%
Communication Services 7.5%
Real Estate 7.1%
Materials 4.8%
Retail 4.5%
Energy 3.6%
Consumer Discretionary 3.4%
Industrials 2.9%
Other/Unmapped 0.1%

Full portfolio 70 positions

05
Type Streak 8Q trend
AVGO Broadcom Inc. - Common Stock $11,520,959 9.27% 30,499 $1,995,923 Down ×6
ABBV AbbVie Inc. Common Stock $6,163,961 4.96% 24,495 $827,531 Down ×6
AMGN Amgen Inc. - Common Stock $5,631,611 4.53% 15,552 $169,359 Up ×1
MO Altria Group, Inc. $5,589,830 4.50% 77,690 $487,332 Up ×1
OHI Omega Healthcare Investors, Inc. Common Stock $5,360,729 4.31% 112,431 $440,151 Up ×1
AFL AFLAC Incorporated Common Stock $4,929,007 3.97% 42,038 $287,081 Down ×6
OMC Omnicom Group Inc. Common Stock $4,569,760 3.68% 62,552 $-59,762 Up ×2
UGI UGI Corporation Common Stock $4,168,382 3.35% 120,683 $-143,457 Up ×1
AMP Ameriprise Financial, Inc. Common Stock $3,279,156 2.64% 7,148 $55,561 Down ×1
TFC Truist Financial Corporation Common Stock $3,245,922 2.61% 65,153 $245,092 Down ×3
SON Sonoco Products Company Common Stock $3,043,013 2.45% 54,002 $131,456 Up ×1
BWA BorgWarner Inc. Common Stock $2,873,162 2.31% 43,271 $244,686 Down ×1
O Realty Income Corporation Common Stock $2,655,296 2.14% 42,855 $53,800 Up ×1
NFG National Fuel Gas Company Common Stock $2,582,136 2.08% 33,443 $-566,143 Down ×5
COR Cencora, Inc. Common Stock $2,539,897 2.04% 8,976 $-287,434 Down ×6
ELV Elevance Health, Inc. Common Stock $2,426,000 1.95% 6,273 $489,249 Down ×3
EMN Eastman Chemical Company Common Stock $2,409,044 1.94% 35,967 $-354,703 Down ×3
CVX Chevron Corporation Common Stock $2,326,380 1.87% 14,035 $-587,441 Down ×3
DOX Amdocs Limited - Ordinary Shares $2,309,536 1.86% 45,697 $809,903 Up ×2
EPD Enterprise Products Partners L.P. Common Stock $2,154,026 1.73% 58,597 $-45,916 Up ×1
ES Eversource Energy (D/B/A) Common Stock $2,103,129 1.69% 29,101 $89,991 Up ×1
BMY Bristol-Myers Squibb Company Common Stock $2,061,874 1.66% 35,784 $-116,067 Down ×3
T AT&T Inc. $2,056,193 1.65% 99,333 $-815,006 Up ×1
RY Royal Bank Of Canada Common Stock $2,042,794 1.64% 9,870 $441,981 Down ×1
OGE OGE Energy Corp Common Stock $1,987,518 1.60% 40,845 $28,592
VZ Verizon Communications Inc. Common Stock $1,977,574 1.59% 46,707 $-394,426 Down ×1
EBAY eBay Inc. - Common Stock $1,973,147 1.59% 17,657 $130,355 Down ×1
CI The Cigna Group Common Stock $1,794,086 1.44% 6,508 $79,939 Up ×2
AMZN Amazon.com, Inc. - Common Stock $1,759,801 1.42% 7,384 $99,770 Down ×1
AIZ Assurant, Inc. Common Stock $1,665,587 1.34% 6,203 $179,145 Down ×1
C Citigroup, Inc. Common Stock $1,610,899 1.30% 11,510 $88,211 Down ×1
MMM 3M Company Common Stock $1,598,758 1.29% 9,874 $173,002 Up ×1
PEP PepsiCo, Inc. - Common Stock $1,556,558 1.25% 11,496 $-247,912 Down ×3
SMCI Super Micro Computer, Inc. - Common Stock $1,367,159 1.10% 46,613 $371,632 Up ×2
CTSH Cognizant Technology Solutions Corporation - Class A Common Stock $1,334,440 1.07% 34,455 $18,238 Up ×4
SJM The J.M. Smucker Company Common Stock $1,108,575 0.89% 9,854 $151,601 Down ×1
MGA Magna International, Inc. Common Stock $1,076,122 0.87% 16,429 $-90,535 Down ×2
BBY Best Buy Co., Inc. Common Stock $928,012 0.75% 12,230 $297,889 Up ×2
PRU Prudential Financial, Inc. Common Stock $927,658 0.75% 8,595 $169,974 Up ×1
MPT Medical Properties Trust, Inc. common stock $854,751 0.69% 185,011 $-59,753 Down ×3
FDX FedEx Corporation Common Stock $774,103 0.62% 2,472 $-274,045 Down ×5
TGT Target Corporation Common Stock $767,726 0.62% 5,878 $55,312
CTBI Community Trust Bancorp, Inc. - Common Stock $687,709 0.55% 9,504 $110,626
SF Stifel Financial Corporation Common Stock $678,742 0.55% 9,728 $-40,271 Up ×3
NVDA NVIDIA Corporation - Common Stock $645,736 0.52% 3,230 $224,030 Up ×1
G Genpact Limited Common Stock $635,472 0.51% 22,846 $-216,955
AROW Arrow Financial Corporation - Common Stock $583,575 0.47% 14,237 $105,639
CAG ConAgra Brands, Inc. Common Stock $535,533 0.43% 39,787 $-89,919
CCK Crown Holdings, Inc. $511,241 0.41% 4,572 $-82,440 Down ×1
FSLR First Solar, Inc. - Common Stock $509,438 0.41% 2,159 $190,271 Up ×2
JPM JP Morgan Chase & Co. Common Stock $508,210 0.41% 1,553 $53,632 Up ×2
GPN Global Payments Inc. Common Stock $497,196 0.40% 6,852 $-166,437 Down ×1
CMCSA Comcast Corporation - Class A Common Stock $453,722 0.37% 18,482 $278 Up ×2
ADM Archer-Daniels-Midland Company Common Stock $427,916 0.34% 5,601 $20,779
FISV Fiserv, Inc. - Common Stock $402,063 0.32% 8,197 $-50,029 Up ×1
MU Micron Technology, Inc. - Common Stock $394,767 0.32% 342 $171,455 Down ×1
RJF Raymond James Financial, Inc. Common Stock $387,981 0.31% 2,552 $147,340 Up ×1
TKR Timken Company (The) Common Stock $323,773 0.26% 2,228 $8,084 Down ×2
INGR Ingredion Incorporated Common Stock $318,889 0.26% 3,367 Up ×1
TRV The Travelers Companies, Inc. Common Stock $311,963 0.25% 945 $36,325
CMI Cummins Inc. Common Stock $292,416 0.24% 410 $-1,821,465 Down ×3
META Meta Platforms, Inc. - Class A Common Stock $284,471 0.23% 505 $785 Up ×1
GIS General Mills, Inc. Common Stock $275,233 0.22% 7,909
BTI British American Tobacco Industries, p.l.c. Common Stock ADR $261,801 0.21% 4,239 $13,947
ALV Autoliv, Inc. Common Stock $259,872 0.21% 2,237 Up ×1
DVA DaVita Inc. Common Stock $233,382 0.19% 1,049 Up ×1
CB Chubb Limited Common Stock $220,800 0.18% 648 $-123,056 Down ×1
JD JD.com, Inc. - American Depositary Shares $208,554 0.17% 8,185 Up ×1
WU Western Union Company (The) Common Stock $170,085 0.14% 22,089 $-5,100 Up ×2
DNP DNP Select Income Fund, Inc. Common Stock $132,362 0.11% 12,267 $6,011

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
CTSH $1,334,440 1.07% up ×4
SF $678,742 0.55% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
INGR $318,889 3,367 0.26%
GIS $275,233 7,909 0.22%
ALV $259,872 2,237 0.21%
DVA $233,382 1,049 0.19%
JD $208,554 8,185 0.17%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AVGO Trimmed -276 +$2.0M
ABBV Trimmed -41 +$828K
T Bought more +292 -$815K
DOX Bought more +23K +$810K
CVX Trimmed -48 -$587K
NFG Trimmed -64 -$566K
ELV Trimmed -343 +$489K
MO Bought more +368 +$487K
RY Trimmed -25 +$442K
OHI Bought more +140 +$440K

1 position hidden — reported move looks larger than the position itself (data completeness check)

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
JNJ March 31, 2026 14,680 $3,037,974 4.7%
CAH March 31, 2026 9,405 $1,932,728 8.0%
CSCO June 30, 2026 21,370 $1,658,098 -4.5%
WHR March 31, 2026 21,392 $1,543,219 -43.8%
NTAP June 30, 2026 10,219 $1,046,280 46.2%
PM June 30, 2025 4,910 $779,364 2.9%
SWKS June 30, 2025 11,432 $738,820 14.1%
BABA Dec. 31, 2025 3,858 $689,540 -27.8%
JBL Sept. 30, 2025 2,936 $640,382 40.2%
ENB Dec. 31, 2025 8,094 $408,423 -3.9%
CNC Sept. 30, 2025 6,369 $345,709 76.5%
USB Dec. 31, 2025 6,703 $323,956 7.8%
GIS Sept. 30, 2025 6,188 $320,600 -36.5%
PFE June 30, 2026 11,174 $313,766 15.4%
LEA June 30, 2026 2,502 $302,942 -9.9%
AES Dec. 31, 2025 20,103 $264,555 4.0%
PHM June 30, 2026 2,091 $245,923 -15.7%
JBL June 30, 2026 893 $237,132 -21.0%
WSM March 31, 2026 1,322 $236,096 27.4%
META Dec. 31, 2025 293 $215,184 10.3%
EEFT Dec. 31, 2025 2,380 $208,988 -16.6%
CPRX June 30, 2025 8,333 $202,075 No longer tracked
AES June 30, 2025 10,174 $126,361 41.7%