Sector breakdown

04
Financials 79.1%
Communication Services 10.1%
Technology 4.1%
Utilities 2.3%
Industrials 1.6%
Consumer products 0.8%
Healthcare 0.7%
Materials 0.6%
Retail 0.2%
Real Estate 0.1%
Consumer Staples 0.1%
Energy 0.0%
Consumer Discretionary 0.0%
Other/Unmapped 0.2%

Full portfolio 50 positions

05
Type Streak 8Q trend
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $37,442,500 32.08% 50 $1,535,500
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $27,336,306 23.42% 54,630 $1,258,242 Up ×2
WTM White Mountains Insurance Group, Ltd. Common Stock $25,544,165 21.89% 12,320 $-2,357,227 Down ×6
GOOGL Alphabet Inc. - Class A Common Stock $5,574,972 4.78% 15,600 $1,002,768 Down ×6
GOOG Alphabet Inc. - Class C Capital Stock $5,123,285 4.39% 14,500 $963,815
AAPL Apple Inc. - Common Stock $3,414,448 2.93% 11,800 $343,589 Down ×1
CDZI Cadiz, Inc. - Common Stock $2,742,080 2.35% 656,000 $-417,505 Up ×1
BA Boeing Company (The) Common Stock $1,060,703 0.91% 4,900 $85,456
CME CME Group Inc. - Class A Common Stock $993,735 0.85% 4,500
KMB Kimberly-Clark Corporation - Common Stock $944,022 0.81% 8,600 $288,026 Up ×2
C Citigroup, Inc. Common Stock $825,764 0.71% 5,900 $133,963 Down ×2
IFF International Flavors & Fragrances, Inc. Common Stock $625,838 0.54% 7,900 $30,928 Down ×2
QXO QXO, Inc. Common Stock $414,720 0.36% 24,000 $393,358 Up ×1
FOX Fox Corporation - Class B Common Stock $374,720 0.32% 8,000 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $366,139 0.31% 650 $-34,352 Down ×1
PANW Palo Alto Networks, Inc. - Common Stock $341,020 0.29% 1,000 $100,540 Down ×1
ADBE Adobe Inc. - Common Stock $338,283 0.29% 1,650 $46,587 Up ×1
MSFT Microsoft Corporation - Common Stock $309,607 0.27% 830 Up ×1
UBER Uber Technologies, Inc. Common Stock $303,072 0.26% 4,200 $116,054 Up ×3
CRM Salesforce, Inc. Common Stock $250,656 0.21% 1,600 $7,985 Up ×1
PFE Pfizer, Inc. Common Stock $204,680 0.18% 8,500 $-3,112 Up ×2
BSX Boston Scientific Corporation Common Stock $192,060 0.16% 4,500 Up ×1
NFLX Netflix, Inc. - Common Stock $164,220 0.14% 2,300 $765 Up ×2
Unknown issuer (CUSIP: 26614N201) $162,768 0.14% 1,200 Up ×1
AMZN Amazon.com, Inc. - Common Stock $143,004 0.12% 600 $-9,033 Down ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $137,158 0.12% 330 $9,981 Down ×3
FPH Five Point Holdings, LLC Class A Common Shares $121,210 0.10% 23,000 $19,570 Up ×1
ACTG Acacia Research Corporation - Common Stock $116,500 0.10% 25,000 $-3,750
CRSP CRISPR Therapeutics AG - Common Shares $109,080 0.09% 2,000 $18,697 Up ×2
GEHC GE HealthCare Technologies Inc. - Common Stock $102,416 0.09% 1,600
NOW ServiceNow, Inc. Common Stock $99,280 0.09% 1,000 $-36,635 Down ×1
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $86,382 0.07% 900 $48,744 Up ×1
NVDA NVIDIA Corporation - Common Stock $84,038 0.07% 420 $31,718 Up ×1
BATRK Atlanta Braves Holdings, Inc. - Series C Common Stock $83,040 0.07% 1,600 $14,720
HSY The Hershey Company Common Stock $70,180 0.06% 400
CRDF Cardiff Oncology, Inc. - Common Stock $62,400 0.05% 48,000 $-9,690 Up ×2
MAX MediaAlpha, Inc. Class A Common Stock $56,565 0.05% 4,500 $-157,335 Down ×1
DOW Dow Inc. Common Stock $54,720 0.05% 2,000 $-36,910 Down ×3
OXY Occidental Petroleum Corporation Common Stock $48,570 0.04% 1,000 $3,070 Up ×1
SHAK Shake Shack, Inc. Class A Common Stock $44,816 0.04% 800 Up ×1
NEPH Nephros, Inc. - Common Stock $39,270 0.03% 11,000 $3,510 Down ×1
Unknown issuer (CUSIP: 71531T105) $37,380 0.03% 1,000 Up ×1
AXP American Express Company Common Stock $33,825 0.03% 100 $-72,043 Down ×1
RDI Reading International Inc - Class A Non-voting Common Stock $33,280 0.03% 26,000 $3,900
CABO Cable One, Inc. Common Stock $29,211 0.03% 550
FGNX FG Nexus Inc. - Common Stock $25,850 0.02% 5,000 Up ×1
FORR Forrester Research, Inc. - Common Stock $25,230 0.02% 3,000 $-3,070 Down ×1
BHVN Biohaven Ltd. Common Shares $16,368 0.01% 1,100 $-552 Down ×1
MLCI Mount Logan Capital Inc. - Common Stock $5,160 0.00% 1,500 Up ×1
CREX Creative Realities, Inc. - Common Stock $62 0.00% 15 $10

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
UBER $303,072 0.26% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
CME $993,735 4,500 0.85%
FOX $374,720 8,000 0.32%
MSFT $309,607 830 0.27%
BSX $192,060 4,500 0.16%
Unknown issuer (CUSIP: 26614N201) $162,768 1,200 0.14%
GEHC $102,416 1,600 0.09%
HSY $70,180 400 0.06%
SHAK $44,816 800 0.04%
Unknown issuer (CUSIP: 71531T105) $37,380 1,000 0.03%
CABO $29,211 550 0.03%
FGNX $25,850 5,000 0.02%
MLCI $5,160 1,500 0.00%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
WTM Trimmed -380 -$2.4M
BRK-A (filed as BRKA) Price move only +0 +$1.5M
BRK-B (filed as BRKB) Bought more +210 +$1.3M
GOOGL Trimmed -300 +$1.0M
GOOG Price move only +0 +$964K
CDZI Bought more +12K -$418K
AAPL Trimmed -300 +$344K
KMB Bought more +2K +$288K
MAX Trimmed -18K -$157K
C Trimmed -200 +$134K

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
KW June 30, 2026 4,199,000 $45,433,180 No longer tracked
SH Dec. 31, 2025 7,000 $258,720 -9.4%
Q March 31, 2026 2,500 $204,125 -4.8%
DD June 30, 2026 3,300 $151,140 0.7%
CABO Sept. 30, 2025 1,000 $135,810 -97.3%
COST March 31, 2026 150 $129,351 0.7%
TAYD March 31, 2026 1,500 $87,690 -1.7%
CLF June 30, 2026 9,500 $80,275 48.0%
GLRE Dec. 31, 2025 5,000 $63,500 3.6%
DELL June 30, 2026 300 $49,239 5.8%
DIS June 30, 2026 500 $48,190 16.9%
CTO March 31, 2026 2,200 $40,502 7.0%
AMGN Dec. 31, 2025 130 $36,686 34.2%
QXO Dec. 31, 2025 1,800 $34,308 -45.5%
CME March 31, 2026 100 $27,308 3.5%
OSK March 31, 2026 200 $25,126 -10.5%
FISV June 30, 2026 400 $22,320 1.7%
GEHC Sept. 30, 2025 300 $22,221 -4.9%
FIG June 30, 2026 600 $12,684 36.2%
HHH June 30, 2026 200 $12,652 -1.8%
XOM March 31, 2026 100 $12,034 8.0%
CABO March 31, 2026 100 $11,285 -94.7%
WEN March 31, 2026 1,000 $8,330 -10.5%
HSY Sept. 30, 2025 40 $6,638 -9.3%
KVUE March 31, 2026 300 $5,175 13.5%
OFLX March 31, 2026 100 $2,944 -20.4%
SNOW June 30, 2025 275 $40 45.4%
NVDA June 30, 2025 340 $37 33.5%
SIRI June 30, 2025 300 $7 20.3%