Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +24.3%
S&P 500 total return (same window) +37.0%
Excess return -12.7%

Annualized: +19.0% · 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: 92.3% · Options excluded: 0.0%

Sector breakdown

04
Technology 18.5%
Industrials 12.7%
Financials 11.7%
Communication Services 10.8%
Retail 8.5%
Utilities 2.3%
Health Care 1.3%
Materials 1.2%
Real Estate 0.2%
Other/Unmapped 32.8%

Full portfolio 35 positions

05
Type Streak 8Q trend
SPY SPY $82,694,323 32.77% 110,736 $10,678,273
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $16,637,968 6.59% 33,250 $704,568
GOOGL Alphabet Inc. - Class A Common Stock $9,377,031 3.72% 26,239 $1,831,744
AMZN Amazon.com, Inc. - Common Stock $8,257,766 3.27% 34,647 $1,041,835
JPM JP Morgan Chase & Co. Common Stock $8,183,250 3.24% 25,000 $829,250
NVDA NVIDIA Corporation - Common Stock $8,112,649 3.21% 40,545 $1,041,601
META Meta Platforms, Inc. - Class A Common Stock $7,997,591 3.17% 14,198 $-125,511
ORLY O'Reilly Automotive, Inc. - Common Stock $7,995,714 3.17% 86,825 $-253,292 Down ×1
AAPL Apple Inc. - Common Stock $7,853,809 3.11% 27,142 $965,441
MSFT Microsoft Corporation - Common Stock $7,720,022 3.06% 20,696 $58,984
SNPS Synopsys, Inc. - Common Stock $6,751,269 2.68% 15,135 $5,757,294 Up ×1
CDNS Cadence Design Systems, Inc. - Common Stock $6,741,498 2.67% 17,962 $5,745,612 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $5,971,277 2.37% 16,900 $1,123,343
ORA Ormat Technologies, Inc. Common Stock $5,825,606 2.31% 53,495 $689,709 Up ×1
ESLT Elbit Systems Ltd. - Ordinary Shares $5,686,606 2.25% 7,495 $-1,677,552 Down ×1
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $5,314,413 2.11% 55,370 $-1,632,307
LHX L3Harris Technologies, Inc. Common Stock $4,491,940 1.78% 15,458 $-843,389
HEI Heico Corporation Common Stock $4,465,554 1.77% 12,537 $773,999 Down ×2
BWXT BWX Technologies, Inc. Common Stock $4,258,163 1.69% 21,876 $-1,865,699 Down ×1
APH Amphenol Corporation Common Stock $4,160,447 1.65% 23,596 Up ×1
ANET Arista Networks, Inc. Common Stock $3,847,782 1.52% 22,650 $1,066,815
NOW ServiceNow, Inc. Common Stock $3,377,307 1.34% 34,018
TSM Taiwan Semiconductor Manufacturing Company Ltd. $3,327,230 1.32% 6,967 $972,732
TDG Transdigm Group Incorporated Common Stock $3,206,220 1.27% 2,407 $163,950 Down ×2
UNH UnitedHealth Group Incorporated Common Stock (DE) $3,165,438 1.25% 7,616 $1,104,625
SHW Sherwin-Williams Company (The) Common Stock $3,055,840 1.21% 8,875 $-1,836,074 Down ×1
VRT Vertiv Holdings, LLC Class A Common Stock $2,967,510 1.18% 8,863 $116,661 Down ×1
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $2,885,432 1.14% 3,781 $1,409,292
SPGI S&P Global Inc. Common Stock $2,332,378 0.92% 5,727 $-103,544
UBER Uber Technologies, Inc. Common Stock $1,629,301 0.65% 22,579 $5,194
ARCC Ares Capital Corporation - Closed End Fund $1,454,605 0.58% 78,500 $40,035
ETN Eaton Corporation, PLC Ordinary Shares $1,176,943 0.47% 2,762 Up ×1
GS Goldman Sachs Group, Inc. (The) Common Stock $814,153 0.32% 805 $-477,674 Down ×1
COMP Compass, Inc. Class A Common Stock $531,176 0.21% 43,080 $216,261
OPTU Optimum Communications, Inc. Class A common stock $85,260 0.03% 58,800 $8,820

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
APH $4,160,447 23,596 1.65%
NOW $3,377,307 34,018 1.34%
ETN $1,176,943 2,762 0.47%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPY Price move only +0 +$10.7M
BWXT Trimmed -8K -$1.9M
SHW Trimmed -6K -$1.8M
GOOGL Price move only +0 +$1.8M
ESLT Trimmed -1K -$1.7M
BABA Price move only +0 -$1.6M
CRWD Price move only +0 +$1.4M
GOOG Price move only +0 +$1.1M
UNH Price move only +0 +$1.1M
ANET Price move only +0 +$1.1M

2 positions 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
APD June 30, 2025 22,949 $6,768,119 -1.6%
APP Dec. 31, 2025 6,601 $4,743,083 -60.2%
TMO June 30, 2025 9,483 $4,718,741 61.5%
FSV Dec. 31, 2025 18,047 $3,437,773 -17.0%
DOV Sept. 30, 2025 16,901 $3,096,770 13.7%
BKNG June 30, 2026 680 $2,863,018 -10.8%
TFX June 30, 2026 21,373 $2,556,425 -2.1%
NOC June 30, 2026 3,734 $2,547,484 -6.1%
OXY June 30, 2025 49,047 $2,420,960 38.3%
LMT June 30, 2026 3,880 $2,345,033 -0.8%
CART Dec. 31, 2025 55,532 $2,041,356 -1.6%
PYPL June 30, 2025 28,824 $1,880,766 -29.0%
CEG June 30, 2026 6,568 $1,834,114 3.7%
BIDU June 30, 2025 19,837 $1,825,599 -1.7%
JD Sept. 30, 2025 52,888 $1,726,264 -26.3%
ROP March 31, 2026 3,760 $1,673,689 0.1%
CRM June 30, 2025 5,843 $1,568,027 -13.9%
WAT June 30, 2026 4,525 $1,347,545 13.4%
GD June 30, 2026 3,642 $1,250,007 -6.8%
KTOS June 30, 2026 15,021 $1,059,131 -13.6%
IQV March 31, 2026 4,283 $965,431 51.4%
DHR June 30, 2026 4,652 $882,019 12.4%
CRL March 31, 2026 4,206 $839,013 68.2%
PDD June 30, 2025 5,507 $651,753 -28.0%
NOW March 31, 2026 3,200 $490,208 28.5%
BAX June 30, 2025 13,369 $457,621 -22.4%
AVAV March 31, 2026 1,804 $436,370 -23.1%
HOUS March 31, 2026 30,000 $424,800 No longer tracked
DDOG June 30, 2025 3,933 $390,193 106.4%
CHTR Dec. 31, 2025 1,400 $385,147 -47.6%