Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +25.3%
S&P 500 total return (same window) +37.0%
Excess return -11.7%

Annualized: +19.8% · 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: 96.7% · Options excluded: 0.0%

Sector breakdown

04
Technology 17.8%
Financials 14.8%
Healthcare 14.5%
Industrials 11.9%
Utilities 11.7%
Retail 8.2%
Energy 5.4%
Communication Services 5.0%
Consumer Discretionary 2.6%
Consumer products 1.6%
Consumer Staples 1.2%
Materials 0.8%
Other/Unmapped 4.4%

Full portfolio 90 positions

05
Type Streak 8Q trend
LLY Eli Lilly and Company Common Stock $9,955,269 6.84% 8,300 $2,321,178
MSFT Microsoft Corporation - Common Stock $9,444,493 6.49% 25,319 $150,265 Up ×1
NVDA NVIDIA Corporation - Common Stock $8,494,221 5.84% 42,452 $1,090,592
JPM JP Morgan Chase & Co. Common Stock $7,528,590 5.18% 23,000 $762,910
CMI Cummins Inc. Common Stock $5,109,436 3.51% 7,164 $1,322,313 Up ×2
NEE NextEra Energy, Inc. Common Stock $4,528,932 3.11% 51,600 $-263,676
SGOV iShares Trust $4,477,435 3.08% 44,476 $445
AEP American Electric Power Company, Inc. - Common Stock $4,145,343 2.85% 30,300 $173,619
JNJ Johnson & Johnson Common Stock $3,961,932 2.72% 15,600 $148,668
AMZN Amazon.com, Inc. - Common Stock $3,911,159 2.69% 16,410 $576,965 Up ×4
CSCO Cisco Systems, Inc. - Common Stock $3,898,732 2.68% 33,192 $1,323,365
TXN Texas Instruments Incorporated - Common Stock $3,874,910 2.66% 13,000 $1,351,090
CVX Chevron Corporation Common Stock $3,374,874 2.32% 20,360 $-837,610
COST Costco Wholesale Corporation - Common Stock $3,373,305 2.32% 3,606 $-173,986 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $3,352,613 2.31% 6,700 $141,973
WM Waste Management, Inc. Common Stock $2,919,728 2.01% 13,100 $-90,521
RTX RTX Corporation Common Stock $2,898,885 1.99% 15,279 $-48,434
MRK Merck & Company, Inc. Common Stock (new) $2,835,610 1.95% 22,067 $181,171
LNT Alliant Energy Corporation - Common Stock $2,407,712 1.66% 31,560 $142,966
FULT Fulton Financial Corporation - Common Stock $2,318,042 1.59% 95,826 $368,689
GOOGL Alphabet Inc. - Class A Common Stock $2,179,957 1.50% 6,100 $425,841
BMY Bristol-Myers Squibb Company Common Stock $2,149,226 1.48% 37,300 $-113,019
V Visa Inc. $1,886,995 1.30% 5,500 $224,675
WMT Walmart Inc. - Common Stock $1,868,790 1.28% 16,500 $-181,830
CNM Core & Main, Inc. Class A Common Stock $1,814,152 1.25% 37,599 $19,401 Up ×4
SRE DBA Sempra Common Stock $1,724,406 1.19% 18,600 $-82,956
GRMN Garmin Ltd. Common Stock (Switzerland) $1,634,038 1.12% 6,879 $38,041
ET Energy Transfer LP Common Units $1,541,837 1.06% 80,640 $-14,515
XOM Exxon Mobil Corporation Common Stock $1,531,264 1.05% 11,200 $-368,928
ORCL Oracle Corporation Common Stock $1,465,500 1.01% 10,000 $-5,600
WEC WEC Energy Group, Inc. Common Stock $1,366,910 0.94% 11,706 $11,706
MA Mastercard Incorporated Common Stock $1,265,510 0.87% 2,464 $33,848 Down ×1
XEL Xcel Energy Inc. - Common Stock $1,244,650 0.86% 15,500 $13,330
LHX L3Harris Technologies, Inc. Common Stock $1,175,146 0.81% 4,044 $-220,641
ESE ESCO Technologies Inc. Common Stock $1,152,682 0.79% 3,293 $226,131
COP ConocoPhillips Common Stock $1,133,164 0.78% 10,900 $-305,636
BHRB Burke & Herbert Financial Services Corp. - Common Stock $1,114,405 0.77% 15,508 Up ×1
MCD McDonald's Corporation Common Stock $1,000,147 0.69% 3,700 $-149,776
KO Coca-Cola Company (The) Common Stock $993,932 0.68% 12,230 $63,840
AAPL Apple Inc. - Common Stock $965,884 0.66% 3,338 $118,733
DIS Walt Disney Company (The) Common Stock $962,500 0.66% 10,000 $-1,300
SNPS Synopsys, Inc. - Common Stock $920,242 0.63% 2,063 Up ×1
MCO Moody's Corporation Common Stock $905,840 0.62% 2,000 $33,340
TROW T. Rowe Price Group, Inc. - Common Stock $869,729 0.60% 7,650 $180,158
MEDP Medpace Holdings, Inc. - Common Stock $841,519 0.58% 1,589 $139,481 Up ×1
PLPC Preformed Line Products Company - Common Stock $763,642 0.53% 1,860 $260,047
PPL PPL Corporation Common Stock $758,988 0.52% 20,880 $-38,628
MAR Marriott International - Class A Common Stock $741,180 0.51% 2,000 $87,040
RACE Ferrari N.V. Common Shares $680,546 0.47% 1,828 $61,859
PEG Public Service Enterprise Group Incorporated Common Stock $649,280 0.45% 8,000 $1,680
MUSA Murphy USA Inc. Common Stock $610,215 0.42% 1,132 $50,844
Unknown issuer (CUSIP: 438516205) $604,530 0.42% 2,700 Up ×1
Unknown issuer (CUSIP: 43849R105) $596,916 0.41% 2,700 Up ×1
HD Home Depot, Inc. (The) Common Stock $585,449 0.40% 1,660 $39,492
UNFI United Natural Foods, Inc. Common Stock $580,289 0.40% 12,706 $7,751
DPZ Domino's Pizza Inc - Common Stock $567,509 0.39% 1,917 $-67,191 Up ×1
LOW Lowe's Companies, Inc. Common Stock $551,225 0.38% 2,500 $-39,475
SHW Sherwin-Williams Company (The) Common Stock $523,022 0.36% 1,519 $36,107
HTLD Heartland Express, Inc. - Common Stock $516,719 0.36% 33,950 $163,639
ABBV AbbVie Inc. Common Stock $503,280 0.35% 2,000 $68,300
BKNG Booking Holdings Inc. - Common Stock $485,704 0.33% 2,725 $26,779 Up ×1
TOST Toast, Inc. Class A Common Stock $468,684 0.32% 16,847 $22,070
CTVA Corteva, Inc. Common Stock $434,714 0.30% 5,133 $5,031
CPRT Copart, Inc. - Common Stock $420,116 0.29% 14,903 $-12,712 Up ×4
ICE Intercontinental Exchange Inc. Common Stock $420,051 0.29% 3,412 $-106,522 Up ×4
CELH Celsius Holdings, Inc. - Common Stock $396,832 0.27% 13,553 $-43,830 Up ×2
TRV The Travelers Companies, Inc. Common Stock $396,144 0.27% 1,200 $46,128
CL Colgate-Palmolive Company Common Stock $366,720 0.25% 4,000 $25,800
PG Procter & Gamble Company (The) Common Stock $351,936 0.24% 2,400 $5,280
ADI Analog Devices, Inc. - Common Stock $350,304 0.24% 882 $69,705
ABT Abbott Laboratories Common Stock $344,812 0.24% 3,800 $-45,334
VCIT Vanguard Intermediate-Term Corporate Bond ETF $337,295 0.23% 4,081 $-573 Down ×1
HSY The Hershey Company Common Stock $335,278 0.23% 1,911 $-12,306 Up ×1
IDR CUSIP: 645827205 $334,050 0.23% 10,200 $6,426
EPD Enterprise Products Partners L.P. Common Stock $329,370 0.23% 8,960 $-9,676
TMO Thermo Fisher Scientific Inc Common Stock $325,383 0.22% 649 $76,669 Up ×1
HEI Heico Corporation Common Stock $313,803 0.22% 881
GPC Genuine Parts Company Common Stock $307,928 0.21% 2,610 $31,920
ADSK Autodesk, Inc. - Common Stock $306,989 0.21% 1,579 $-71,024
PNC PNC Financial Services Group, Inc. (The) Common Stock $304,082 0.21% 1,235 $47,091
MTB M&T Bank Corporation Common Stock $261,811 0.18% 1,100 $34,419
GOOG Alphabet Inc. - Class C Capital Stock $248,744 0.17% 704 Up ×1
CB Chubb Limited Common Stock $246,014 0.17% 722 $10,693
PPG PPG Industries, Inc. Common Stock $242,580 0.17% 2,000 $28,820
USB U.S. Bancorp Common Stock $241,600 0.17% 4,000 $33,560
PSMT PriceSmart, Inc. - Common Stock $240,464 0.17% 1,231 Up ×1
SO Southern Company (The) Common Stock $239,275 0.16% 2,500 $-2,025
TGT Target Corporation Common Stock $222,037 0.15% 1,700 $15,997
ALSN Allison Transmission Holdings, Inc. Common Stock $212,740 0.15% 1,887 $-8,152
QURE uniQure N.V. - Ordinary Shares $207,270 0.14% 4,500 Up ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
AMZN $3,911,159 2.69% up ×4
CNM $1,814,152 1.25% up ×4
CPRT $420,116 0.29% up ×4
ICE $420,051 0.29% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
BHRB $1,114,405 15,508 0.77%
SNPS $920,242 2,063 0.63%
Unknown issuer (CUSIP: 438516205) $604,530 2,700 0.42%
Unknown issuer (CUSIP: 43849R105) $596,916 2,700 0.41%
HEI $313,803 881 0.22%
GOOG $248,744 704 0.17%
PSMT $240,464 1,231 0.17%
QURE $207,270 4,500 0.14%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
LLY Price move only +0 +$2.3M
TXN Price move only +0 +$1.4M
CSCO Price move only +0 +$1.3M
CMI Bought more +125 +$1.3M
NVDA Price move only +0 +$1.1M
CVX Price move only +0 -$838K
JPM Price move only +0 +$763K
AMZN Bought more +401 +$577K
GOOGL Price move only +0 +$426K
XOM Price move only +0 -$369K

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
HCC March 31, 2026 49,066 $4,326,149 -4.1%
HON June 30, 2026 5,400 $1,220,562 -4.4%
PFE Sept. 30, 2025 41,600 $1,008,384 9.1%
LNKB June 30, 2026 114,917 $958,808 No longer tracked
ULTA Dec. 31, 2025 1,499 $819,578 -10.1%
BLD June 30, 2026 2,246 $789,020 No longer tracked
GIS Sept. 30, 2025 14,900 $771,969 -36.5%
APD Sept. 30, 2025 2,514 $709,099 1.8%
UNH Sept. 30, 2025 2,000 $623,940 7.7%
PYPL March 31, 2026 10,496 $612,756 16.7%
CSGP Dec. 31, 2025 7,030 $593,121 -59.3%
HTLD June 30, 2025 57,765 $532,593 37.7%
WING March 31, 2026 1,838 $438,345 -31.0%
OKE Sept. 30, 2025 5,249 $428,476 20.4%
KLAR March 31, 2026 11,200 $323,792 -4.4%
VIG Sept. 30, 2025 1,400 $286,538
AZO Sept. 30, 2025 70 $259,856 -34.9%
WSO Dec. 31, 2025 617 $249,453 -11.7%
LW Dec. 31, 2025 4,240 $246,259 4.1%
HEI March 31, 2026 678 $219,394 10.3%
CLX June 30, 2026 2,000 $207,260 -15.7%
TMO June 30, 2025 412 $205,011 61.5%