Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +170.5%
S&P 500 total return (same window) +37.0%
Excess return +133.5%

Annualized: +121.8% · 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: 95.9% · Options excluded: 0.0%

Sector breakdown

04
Technology 69.8%
Industrials 13.5%
Financials 5.8%
Communication Services 5.6%
Materials 0.9%
Healthcare 0.8%
Energy 0.2%
Utilities 0.0%
Retail 0.0%
Other/Unmapped 3.4%

Full portfolio 43 positions

05
Type Streak 8Q trend
MU Micron Technology, Inc. - Common Stock $919,284,636 14.82% 796,407 $773,296,540 Up ×1
INTC Intel Corporation - Common Stock $727,905,153 11.74% 5,213,100 $224,075,370 Down ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $619,748,320 9.99% 1,297,712 $498,106,597 Up ×2
GLW Corning Incorporated Common Stock $570,192,813 9.19% 2,232,286 $296,947,909 Up ×1
ARM Arm Holdings plc - American Depositary Shares $347,992,372 5.61% 981,449 Up ×1
LITE Lumentum Holdings Inc. - Common Stock $343,099,581 5.53% 399,855 $295,554,353 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $317,336,029 5.12% 546,274 $210,169,105 Up ×1
GE GE Aerospace Common Stock $236,997,142 3.82% 634,140 $-361,087,861 Down ×3
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $204,097,500 3.29% 211,500
MRVL Marvell Technology, Inc. - Common Stock $201,859,499 3.25% 677,631 $194,797,234 Up ×1
QCOM QUALCOMM Incorporated - Common Stock $200,368,721 3.23% 1,084,305 Up ×1
MCO Moody's Corporation Common Stock $183,070,264 2.95% 404,200 $35,966,764 Up ×1
MTSI MACOM Technology Solutions Holdings, Inc. - Common Stock $150,854,742 2.43% 396,600 Up ×1
SPGI S&P Global Inc. Common Stock $140,830,508 2.27% 345,800 $25,733,504 Up ×1
GLDM SPDR Gold MiniShares Trust $118,153,134 1.91% 1,487,700 $-121,655,824 Down ×1
ENTG Entegris, Inc. - Common Stock $115,326,232 1.86% 641,200 Up ×1
Q Qnity Electronics, Inc. Common Stock $113,043,182 1.82% 692,200 Up ×1
KLIC Kulicke and Soffa Industries, Inc. - Common Stock $106,873,437 1.72% 798,994 Up ×1
TXN Texas Instruments Incorporated - Common Stock $78,273,182 1.26% 262,600 Up ×1
MKSI MKS Inc. - Common Stock $73,036,160 1.18% 164,200 Up ×1
B Barrick Mining Corporation Common Shares $55,877,349 0.90% 1,521,300 $-112,993,251 Down ×3
EQX CUSIP: 29446Y502 $53,222,832 0.86% 5,475,600 $-129,491,472 Down ×2
SNDK Sandisk Corporation - Common Stock $39,108,156 0.63% 17,200 $-185,714,527 Down ×2
XYZ Block, Inc. Class A Common Stock, $37,992,628 0.61% 499,903 $-74,603,791 Down ×1
ICHR Ichor Holdings - Ordinary Shares $36,473,035 0.59% 324,840 Up ×1
NVDA NVIDIA Corporation - Common Stock $33,715,165 0.54% 168,500 $30,732,925 Up ×1
Unknown issuer (CUSIP: 70450C101) $30,882,253 0.50% 2,155,077 $6,635,276 Up ×1
ERAS Erasca, Inc. - Common Stock $25,195,496 0.41% 1,375,300 Up ×1
ZM Zoom Communications, Inc. - Class A Common Stock $24,227,217 0.39% 280,700
BE Bloom Energy Corporation Class A Common Stock $20,704,680 0.33% 68,400
FDMT 4D Molecular Therapeutics, Inc. - Common Stock $12,654,604 0.20% 951,474 $3,796,381
ONTO Onto Innovation Inc. Common Stock $9,764,010 0.16% 25,800 $6,954,551 Up ×1
COGT Cogent Biosciences, Inc. - Common Stock $9,675,000 0.16% 250,000 $52,500
FRO Frontline Plc Ordinary Shares $9,358,510 0.15% 269,000 Up ×1
YMM Full Truck Alliance Co. Ltd. American Depositary Shares (each representing 20 Class A Ordinary Shares) $8,292,144 0.13% 1,021,200 Up ×1
Unknown issuer (CUSIP: N52A8C105) $6,921,250 0.11% 175,000 Up ×1
AEHR Aehr Test Systems - Common Stock $5,992,223 0.10% 62,380 Up ×1
FORM FormFactor, Inc. - Common Stock $4,222,152 0.07% 26,400 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $3,319,967 0.05% 9,290 $-893,637,185 Down ×2
CEG Constellation Energy Corporation - Common Stock When-Issued $2,980,440 0.05% 12,000 Up ×1
PDD PDD Holdings Inc. - American Depositary Shares $1,244,584 0.02% 16,316 $-81,819,173 Down ×2
RERE ATRenew Inc. American Depositary Shares (every three of which representing two Class A ordinary shares) $1,108,832 0.02% 286,520 $-234,947
WDC Western Digital Corporation - Common Stock $510,976 0.01% 800 Up ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
ARM $347,992,372 981,449 5.61%
STX $204,097,500 211,500 3.29%
QCOM $200,368,721 1,084,305 3.23%
MTSI $150,854,742 396,600 2.43%
ENTG $115,326,232 641,200 1.86%
Q $113,043,182 692,200 1.82%
KLIC $106,873,437 798,994 1.72%
TXN $78,273,182 262,600 1.26%
MKSI $73,036,160 164,200 1.18%
ICHR $36,473,035 324,840 0.59%
ERAS $25,195,496 1,375,300 0.41%
ZM $24,227,217 280,700 0.39%
BE $20,704,680 68,400 0.33%
FRO $9,358,510 269,000 0.15%
YMM $8,292,144 1,021,200 0.13%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
GE Trimmed -1.5M -$361.1M
GLW Bought more +223K +$296.9M
INTC Trimmed -6.2M +$224.1M
AMD Bought more +19K +$210.2M
EQX Trimmed -7.2M -$129.5M
GLDM Trimmed -1.1M -$121.7M
B Trimmed -2.6M -$113.0M
XYZ Trimmed -1.4M -$74.6M
MCO Bought more +67K +$36.0M
SPGI Bought more +75K +$25.7M

8 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
GEV June 30, 2025 1,410,816 $430,693,908 85.0%
DHR Dec. 31, 2025 1,276,185 $253,016,438 -5.4%
MSCI Dec. 31, 2025 318,353 $180,636,676 -5.3%
BEN Sept. 30, 2025 5,237,650 $124,917,953 40.9%
ANSS Sept. 30, 2025 350,460 $123,088,561 No longer tracked
SE March 31, 2026 737,653 $94,102,393 14.9%
ZM March 31, 2026 1,028,600 $88,757,894 16.9%
PAAS June 30, 2026 1,312,200 $71,685,486 0.3%
AMZN Sept. 30, 2025 266,200 $58,401,618 14.7%
SNPS March 31, 2026 119,121 $55,953,516 26.6%
NU Dec. 31, 2025 3,423,240 $54,806,072 -8.5%
CMI June 30, 2026 94,600 $50,896,692 -26.8%
RBRK Dec. 31, 2025 592,300 $48,716,675 58.6%
LYV March 31, 2026 310,600 $44,260,500 11.1%
AXON March 31, 2026 70,000 $39,755,100 -3.2%
INSM June 30, 2026 232,500 $38,018,400 -2.6%
HOOD Sept. 30, 2025 367,400 $34,399,662 -20.1%
SAIL Dec. 31, 2025 1,497,600 $33,067,008 1.5%
AS Dec. 31, 2025 937,658 $32,583,616 -27.3%
TER June 30, 2026 107,400 $31,839,804 -8.3%
TSEM June 30, 2026 163,600 $28,708,528 -7.1%
BNO June 30, 2026 513,197 $26,691,376 55.1%
COIN June 30, 2026 151,850 $26,514,529 29.2%
EA March 31, 2026 109,429 $22,359,628 No longer tracked
PYPL Sept. 30, 2025 286,770 $21,312,746 -20.1%
PBR June 30, 2026 988,700 $20,515,525 48.5%
VRT March 31, 2026 99,400 $16,103,794 0.7%
ABVX June 30, 2026 144,300 $16,067,805 -31.5%
ICLR Dec. 31, 2025 84,700 $14,822,500 -10.8%
TERN March 31, 2026 360,200 $14,552,080 No longer tracked
CRWV Dec. 31, 2025 100,000 $13,685,000 23.9%
BE Dec. 31, 2025 150,000 $12,685,500 228.0%
ETHA June 30, 2026 574,000 $9,086,420
BIDU Dec. 31, 2025 60,000 $7,906,200 -34.1%
ASML June 30, 2026 5,100 $6,736,233 -7.1%
GEV June 30, 2026 5,700 $4,975,530 -16.7%
TTWO Dec. 31, 2025 17,900 $4,624,644 -20.7%
DNTH June 30, 2026 50,000 $4,196,000 -9.4%
SMH June 30, 2026 10,000 $3,834,000 -3.9%
PONY June 30, 2026 349,800 $3,302,112 -11.8%
META March 31, 2026 4,500 $2,970,405 29.2%
HSAI Dec. 31, 2025 100,000 $2,810,000 -28.4%
DUOL Dec. 31, 2025 5,000 $1,609,200 -18.2%
LEGN June 30, 2026 81,400 $1,472,526 -36.3%
IBIT June 30, 2026 38,322 $1,472,331
STX March 31, 2026 5,100 $1,404,489 128.1%
BILI March 31, 2026 56,000 $1,377,040 -34.9%
TIGR March 31, 2026 80,700 $771,492 -32.1%
WRD Dec. 31, 2025 50,000 $495,000 -41.6%
VEEV Sept. 30, 2025 1,100 $316,778 -6.8%
BZ March 31, 2026 2,900 $59,102 12.7%