Performance vs S&P 500

03
Tracked Q2 2025–Q2 2026 +22.0%
S&P 500 total return (same window) +21.7%
Excess return +0.3%

Annualized: +22.0% · S&P 500: +21.7%

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: 100.0% · Options excluded: 0.0%

Sector breakdown

04
Financials 34.7%
Technology 29.9%
Retail 13.6%
Communication Services 10.2%
Health Care 7.2%
Materials 4.4%

Full portfolio 11 positions

05
Type Streak 8Q trend
TSM Taiwan Semiconductor Manufacturing Company Ltd. $19,834,437 17.40% 41,532 $5,798,698
AMZN Amazon.com, Inc. - Common Stock $15,538,576 13.63% 65,195 $1,485,558 Down ×3
MA Mastercard Incorporated Common Stock $15,295,008 13.41% 29,780 $2,079,001 Up ×2
META Meta Platforms, Inc. - Class A Common Stock $11,660,103 10.23% 20,700 $1,247,337 Up ×2
SPGI S&P Global Inc. Common Stock $11,545,821 10.13% 28,350 $-2,139,494 Down ×1
MU Micron Technology, Inc. - Common Stock $9,961,523 8.74% 8,630 $-1,052,061 Down ×1
THC Tenet Healthcare Corporation Common Stock $8,212,812 7.20% 43,900 $3,061,029 Up ×2
V Visa Inc. $8,199,851 7.19% 23,900 $976,315
AEM Agnico Eagle Mines Limited Common Stock $4,995,186 4.38% 32,200 $-972,426 Up ×1
NU Nu Holdings Ltd. Class A Ordinary Shares $4,472,928 3.92% 334,800 $-1,849,872 Down ×1
AVGO Broadcom Inc. - Common Stock $4,306,350 3.78% 11,400 Up ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
AVGO $4,306,350 11,400 3.78%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
TSM Price move only +0 +$5.8M
THC Bought more +17K +$3.1M
SPGI Trimmed -4K -$2.1M
MA Bought more +3K +$2.1M
NU Trimmed -105K -$1.8M
AMZN Trimmed -2K +$1.5M
META Bought more +2K +$1.2M
MU Trimmed -24K -$1.1M
V Price move only +0 +$976K
AEM Bought more +3K -$972K

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
WDAY Dec. 31, 2025 54,740 $13,177,560 -13.3%
FISV Sept. 30, 2025 57,600 $9,930,816 -65.6%
FLUT Dec. 31, 2025 38,920 $9,885,680 -65.2%
MRVL Dec. 31, 2025 114,870 $9,657,121 220.4%
WCN Dec. 31, 2025 39,000 $6,856,200 -12.3%
EFX March 31, 2026 30,000 $6,509,400 -22.3%
TMO Dec. 31, 2025 11,800 $5,723,236 13.0%
OWL June 30, 2026 621,318 $5,672,633 3.8%
PAC Sept. 30, 2025 20,500 $4,707,210 -15.3%
HDB March 31, 2026 97,060 $3,546,572 -10.2%
META Sept. 30, 2025 3,750 $2,767,838 -0.9%
ASML Sept. 30, 2025 3,400 $2,724,726 92.9%
CPNG March 31, 2026 108,000 $2,547,720 -27.0%