Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +24.2%
S&P 500 total return (same window) +37.0%
Excess return -12.8%

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: 92.7% · Options excluded: 0.0%

Sector breakdown

04
Financials 17.2%
Technology 16.9%
Industrials 16.7%
Healthcare 13.7%
Communication Services 9.7%
Consumer Staples 3.6%
Retail 3.4%
Energy 2.9%
Utilities 2.7%
Consumer products 1.8%
Real Estate 1.0%
Materials 0.9%
Consumer Discretionary 0.8%
Other/Unmapped 8.9%

Full portfolio 175 positions

05
Type Streak 8Q trend
CSL Carlisle Companies Incorporated Common Stock $25,901,115 8.53% 71,402 $2,109,338 Up ×1
AAPL Apple Inc. - Common Stock $16,851,096 5.55% 58,236 $1,977,810 Down ×5
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $11,725,695 3.86% 23,433 $557,460 Up ×1
JPM JP Morgan Chase & Co. Common Stock $11,037,232 3.64% 33,718 $1,044,046 Down ×6
MSFT Microsoft Corporation - Common Stock $10,666,372 3.51% 28,594 $1,187,003 Up ×2
JNJ Johnson & Johnson Common Stock $9,470,018 3.12% 37,287 $321,916 Down ×6
GOOGL Alphabet Inc. - Class A Common Stock $6,734,691 2.22% 18,845 $1,262,682 Down ×4
MRK Merck & Company, Inc. Common Stock (new) $6,731,796 2.22% 52,387 $508,352 Up ×1
RSP Invesco Exchange-Traded Fund Trust $6,696,428 2.21% 31,472 $1,394,955 Up ×3
INTC Intel Corporation - Common Stock $6,485,258 2.14% 46,446 $4,347,474 Down ×6
META Meta Platforms, Inc. - Class A Common Stock $4,948,629 1.63% 8,785 $388,626 Up ×3
CSCO Cisco Systems, Inc. - Common Stock $4,890,471 1.61% 41,635 $1,626,734 Down ×1
VZ Verizon Communications Inc. Common Stock $4,547,885 1.50% 107,412 $-679,658 Up ×1
V Visa Inc. $4,375,163 1.44% 12,753 $533,930 Up ×2
CVS CVS Health Corporation Common Stock $4,022,958 1.33% 38,887 $1,221,029 Down ×5
PG Procter & Gamble Company (The) Common Stock $3,997,692 1.32% 27,262 $314,472 Up ×2
GS Goldman Sachs Group, Inc. (The) Common Stock $3,963,484 1.31% 3,919 $385,856 Down ×6
IBM International Business Machines Corporation Common Stock $3,822,333 1.26% 13,592 $515,766 Down ×1
PFE Pfizer, Inc. Common Stock $3,751,128 1.24% 155,777 $-512,617 Up ×3
NVDA NVIDIA Corporation - Common Stock $3,583,208 1.18% 17,908 $427,787 Down ×2
ABBV AbbVie Inc. Common Stock $3,398,486 1.12% 13,505 $466,860 Up ×2
T AT&T Inc. $3,337,401 1.10% 161,225 $-1,121,451 Up ×1
AMZN Amazon.com, Inc. - Common Stock $3,210,852 1.06% 13,472 $418,021 Up ×2
CVX Chevron Corporation Common Stock $3,144,082 1.04% 18,969 $-736,664 Up ×1
BAC Bank of America Corporation Common Stock $2,874,603 0.95% 50,449 $412,538 Down ×1
GILD Gilead Sciences, Inc. - Common Stock $2,697,358 0.89% 21,349 $-291,734 Down ×6
PEP PepsiCo, Inc. - Common Stock $2,692,400 0.89% 19,885 $-372,452 Up ×1
RTX RTX Corporation Common Stock $2,488,739 0.82% 13,116 $-114,678 Down ×1
AVGO Broadcom Inc. - Common Stock $2,460,304 0.81% 6,513 $400,824 Down ×1
GLD SPDR Gold Shares $2,455,269 0.81% 6,665 $-378,191 Up ×1
KO Coca-Cola Company (The) Common Stock $2,454,479 0.81% 30,201 $76,829 Down ×1
NFLX Netflix, Inc. - Common Stock $2,400,541 0.79% 33,621 $-704,335 Up ×3
VIG Vanguard Div Appreciation ETF $2,355,078 0.78% 9,953 $504,510 Up ×6
KMI Kinder Morgan, Inc. Common Stock $2,328,009 0.77% 72,818 $-112,405 Up ×1
AMGN Amgen Inc. - Common Stock $2,319,922 0.76% 6,407 $64,144 Down ×1
FDX FedEx Corporation Common Stock $2,281,491 0.75% 7,286 $-319,361 Down ×6
MS Morgan Stanley Common Stock $2,257,422 0.74% 10,799 $298,052 Down ×4
SPY SPY $2,115,250 0.70% 2,833 $371,038 Up ×1
AXP American Express Company Common Stock $2,099,287 0.69% 6,206 $222,318 Up ×1
C Citigroup, Inc. Common Stock $2,066,518 0.68% 14,765 $392,473 Up ×3
BMY Bristol-Myers Squibb Company Common Stock $1,968,381 0.65% 34,161 $-24,897 Up ×1
IVV iShares Trust $1,944,335 0.64% 2,596 $248,414
CAT Caterpillar, Inc. Common Stock $1,900,865 0.63% 1,785 $595,173 Down ×4
WPC W. P. Carey Inc. REIT $1,838,624 0.61% 25,714 $100,594 Up ×1
HD Home Depot, Inc. (The) Common Stock $1,778,787 0.59% 5,044 $180,503 Up ×1
ETN Eaton Corporation, PLC Ordinary Shares $1,768,824 0.58% 4,151 $274,836 Down ×4
SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) $1,742,669 0.57% 22,474 $-336,094 Up ×2
SPGI S&P Global Inc. Common Stock $1,652,662 0.54% 4,058 $-73,368
LMT Lockheed Martin Corporation Common Stock $1,637,372 0.54% 3,214 $-317,192 Down ×1
LLY Eli Lilly and Company Common Stock $1,631,903 0.54% 1,361 $337,265 Down ×1
PM Philip Morris International Inc Common Stock $1,616,982 0.53% 8,938 $109,412 Down ×6
INDB Independent Bank Corp. - Common Stock $1,607,424 0.53% 19,200 $163,392
DUK Duke Energy Corporation (Holding Company) Common Stock $1,537,153 0.51% 12,143 $-43,095 Up ×3
COST Costco Wholesale Corporation - Common Stock $1,505,573 0.50% 1,609 $-92,137 Up ×4
PNW Pinnacle West Capital Corporation Common Stock $1,504,955 0.50% 14,066 $95,160 Up ×2
AMD Advanced Micro Devices, Inc. - Common Stock $1,501,662 0.49% 2,585 $975,795
MA Mastercard Incorporated Common Stock $1,499,716 0.49% 2,920 $80,682 Up ×4
MMM 3M Company Common Stock $1,497,848 0.49% 9,251 $143,430 Down ×1
WFC Wells Fargo & Company Common Stock $1,460,341 0.48% 17,671 $41,206 Down ×6
TJX TJX Companies, Inc. (The) Common Stock $1,457,773 0.48% 9,622 $-72,153 Up ×2
ED Consolidated Edison, Inc. Common Stock $1,439,636 0.47% 13,013 $-41,777 Down ×3
IWM iShares Russell 2000 Index Fund $1,435,477 0.47% 4,778 $247,663 Down ×1
QCOM QUALCOMM Incorporated - Common Stock $1,357,663 0.45% 7,347 $388,001 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $1,345,483 0.44% 3,808 $251,112 Down ×3
DE Deere & Company Common Stock $1,304,061 0.43% 2,056 $146,028
WMT Walmart Inc. - Common Stock $1,292,078 0.43% 11,408 $-116,014 Up ×1
GE GE Aerospace Common Stock $1,278,941 0.42% 3,422 $308,422 Up ×1
MO Altria Group, Inc. $1,276,487 0.42% 17,741 $106,022 Up ×1
UNP Union Pacific Corporation Common Stock $1,232,053 0.41% 4,530 $133,808 Up ×1
ABT Abbott Laboratories Common Stock $1,216,192 0.40% 13,403 $-182,995 Down ×2
ORCL Oracle Corporation Common Stock $1,208,907 0.40% 8,249 $398 Up ×1
UPS United Parcel Service, Inc. Common Stock $1,175,343 0.39% 10,933 $100,348 Up ×2
PULS PGIM ETF Trust $1,162,515 0.38% 23,461 $62,259 Up ×6
QQQ Invesco QQQ Trust, Series 1 $1,111,694 0.37% 1,510 $329,829 Up ×1
D Dominion Energy, Inc. Common Stock $1,102,670 0.36% 16,146 $111,665 Up ×4
TT Trane Technologies plc $1,078,094 0.36% 2,195 $170,434 Up ×2
NEE NextEra Energy, Inc. Common Stock $1,048,151 0.35% 11,942 $128,283 Up ×2
NEM Newmont Corporation $1,031,789 0.34% 11,047 $-159,502 Up ×1
SBUX Starbucks Corporation - Common Stock $1,014,353 0.33% 9,926 $127,503 Up ×1
GEV GE Vernova Inc. Common Stock $1,002,161 0.33% 853 $254,086 Down ×4
MCK McKesson Corporation Common Stock $988,325 0.33% 1,308 $-61,357 Up ×1
SYK Stryker Corporation Common Stock $959,630 0.32% 3,048 $-40,598 Up ×1
SO Southern Company (The) Common Stock $939,785 0.31% 9,819 $-223 Up ×2
TGT Target Corporation Common Stock $930,984 0.31% 7,128 $72,646 Up ×1
CARR Carrier Global Corporation Common Stock $921,737 0.30% 12,565 $213,019 Down ×5
LRCX Lam Research Corporation - Common Stock $895,552 0.30% 2,067 $450,785 Down ×3
DIS Walt Disney Company (The) Common Stock $891,611 0.29% 9,264 $26,766 Up ×3
NSC Norfolk Southern Corporation Common Stock $845,311 0.28% 2,687 $70,124 Down ×3
PNC PNC Financial Services Group, Inc. (The) Common Stock $820,652 0.27% 3,333 $132,498 Up ×1
GIS General Mills, Inc. Common Stock $807,464 0.27% 23,203 $-11,041 Up ×3
CMI Cummins Inc. Common Stock $754,929 0.25% 1,060 $143,469 Down ×4
UL Unilever PLC American Depositary Shares (each representing One Ordinary Share) $711,767 0.23% 11,839 $40,148 Up ×1
EMR Emerson Electric Company Common Stock $674,014 0.22% 4,708 $52,403 Down ×3
KMB Kimberly-Clark Corporation - Common Stock $657,436 0.22% 5,989 $89,392 Up ×1
PSX Phillips 66 Common Stock $657,107 0.22% 3,887 $-57,403 Down ×1
USB U.S. Bancorp Common Stock $618,979 0.20% 10,248 $80,467 Down ×1
GSK GSK plc American Depositary Shares (Each representing two Ordinary Shares) $607,763 0.20% 11,594 $-37,298 Down ×5
Unknown issuer (CUSIP: 438516205) $605,074 0.20% 2,691 Up ×1
AVB AvalonBay Communities, Inc. Common Stock $604,753 0.20% 3,205 $70,598 Down ×6
BTI British American Tobacco Industries, p.l.c. Common Stock ADR $586,166 0.19% 9,491 $31,227

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
RSP $6,696,428 2.21% up ×3
META $4,948,629 1.63% up ×3
PFE $3,751,128 1.24% up ×3
NFLX $2,400,541 0.79% up ×3
VIG $2,355,078 0.78% up ×6
C $2,066,518 0.68% up ×3
DUK $1,537,153 0.51% up ×3
COST $1,505,573 0.50% up ×4
MA $1,499,716 0.49% up ×4
PULS $1,162,515 0.38% up ×6
D $1,102,670 0.36% up ×4
DIS $891,611 0.29% up ×3
GIS $807,464 0.27% up ×3
CB $328,130 0.11% up ×6
CAG $278,840 0.09% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 438516205) $605,074 2,691 0.20%
VCIT $570,536 6,903 0.19%
Unknown issuer (CUSIP: 314352105) $541,788 3,588 0.18%
VOO $532,278 775 0.18%
Unknown issuer (CUSIP: 43849R105) $527,923 2,388 0.17%
VGIT $380,421 6,450 0.13%
ZM $332,129 3,848 0.11%
AMAT $276,856 383 0.09%
MUB $258,611 2,403 0.09%
Unknown issuer (CUSIP: 26614N201) $256,628 1,892 0.08%
IAUM $249,146 6,227 0.08%
VCSH $226,660 2,868 0.07%
VGT $212,268 1,776 0.07%
PSA $212,001 666 0.07%
NVT $211,845 1,249 0.07%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
INTC Trimmed -2K +$4.3M
CSL Bought more +88 +$2.1M
AAPL Trimmed -369 +$2.0M
CSCO Trimmed -429 +$1.6M
RSP Bought more +4K +$1.4M
GOOGL Trimmed -184 +$1.3M
CVS Trimmed -126 +$1.2M
MSFT Bought more +3K +$1.2M
T Bought more +7K -$1.1M
JPM Trimmed -254 +$1.0M

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
XOM June 30, 2026 26,987 $4,578,647 20.0%
GLDM Dec. 31, 2025 14,494 $1,108,066 -4.1%
HON June 30, 2026 4,628 $1,046,143 -4.4%
UL (filed as ULXXXX) Dec. 31, 2025 13,411 $795,004 -8.3%
BRK-A (filed as BRKA) Dec. 31, 2025 1 $754,200 No longer tracked
K Dec. 31, 2025 3,981 $326,522 No longer tracked
GOLD June 30, 2025 16,556 $321,849 87.7%
DD June 30, 2026 5,782 $264,816 -3.6%
CMCSA Dec. 31, 2025 8,399 $263,897 -23.0%
LULU Sept. 30, 2025 1,064 $252,785 -47.7%
PSA Dec. 31, 2025 798 $230,502 8.5%
CPB June 30, 2025 5,750 $229,540 -37.0%
ALB June 30, 2025 3,068 $220,972 66.5%
INGR Dec. 31, 2025 1,795 $219,187 -12.2%
XYL March 31, 2026 1,608 $218,977 -14.3%
MKC June 30, 2025 2,619 $215,570 -39.9%
CLX March 31, 2026 2,128 $214,566 -20.9%
TAP June 30, 2025 3,520 $214,262 -24.1%
FISV Dec. 31, 2025 1,659 $213,895 -31.3%
XLF March 31, 2026 3,835 $210,043 9.1%
ADBE June 30, 2026 856 $208,174 16.5%
ZM March 31, 2026 2,371 $204,594 16.5%
VCSH June 30, 2025 2,567 $202,651
GLDM June 30, 2026 2,183 $202,342 3.1%
INGR June 30, 2026 1,795 $202,225 2.3%
CL Dec. 31, 2025 2,520 $201,417 9.1%
BP June 30, 2025 5,955 $201,219 49.1%
VTRS March 31, 2026 10,109 $125,857 30.4%
HLN March 31, 2026 10,064 $101,747 -11.9%
OGN June 30, 2026 11,629 $69,658 1.2%