Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +52.9%
S&P 500 total return (same window) +37.0%
Excess return +15.9%

Annualized: +40.5% · 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: 100.0% · Options excluded: 0.0%

Sector breakdown

04
Industrials 41.8%
Technology 23.9%
Consumer Discretionary 12.9%
Communication Services 11.0%
Financials 7.0%
Retail 3.5%

Full portfolio 17 positions

05
Type Streak 8Q trend
TSM Taiwan Semiconductor Manufacturing Company Ltd. $24,781,585 13.93% 51,891 $6,138,911 Down ×1
MYRG MYR Group, Inc. - Common Stock $23,956,650 13.46% 47,875 $8,800,865 Down ×1
ATI ATI Inc. Common Stock $19,647,716 11.04% 99,684 $4,650,499 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $19,566,722 10.99% 54,752 $2,840,219 Down ×5
WWD Woodward, Inc. - Common Stock $15,972,719 8.98% 37,544 $2,484,504 Down ×4
VIK Viking Holdings Ltd Ordinary Shares $14,819,074 8.33% 141,579 $4,298,575 Down ×1
IBN ICICI Bank Limited Common Stock $12,492,451 7.02% 430,329 $1,346,930
WCC WESCO International, Inc. Common Stock $10,192,258 5.73% 29,506 $2,118,826
ATAT Atour Lifestyle Holdings Limited - American Depositary Shares $8,058,788 4.53% 253,421 $-1,269,639
PDD PDD Holdings Inc. - American Depositary Shares $6,211,862 3.49% 81,435 $-2,109,166
SNPS Synopsys, Inc. - Common Stock $4,720,759 2.65% 10,583 $524,811
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $4,203,540 2.36% 4,356 $2,497,033
VNET VNET Group, Inc. - American Depositary Shares $3,845,098 2.16% 478,246 $-167,386
AMD Advanced Micro Devices, Inc. - Common Stock $3,225,212 1.81% 5,552 Up ×1
FLR Fluor Corporation Common Stock $2,590,843 1.46% 49,453 Up ×1
PRIM Primoris Services Corporation Common Stock $1,998,953 1.12% 20,167 Up ×1
ACMR ACM Research, Inc. - Class A Common Stock $1,677,105 0.94% 13,217 Up ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
AMD $3,225,212 5,552 1.81%
FLR $2,590,843 49,453 1.46%
PRIM $1,998,953 20,167 1.12%
ACMR $1,677,105 13,217 0.94%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
MYRG Trimmed -6K +$8.8M
TSM Trimmed -3K +$6.1M
ATI Trimmed -3K +$4.7M
VIK Trimmed -2K +$4.3M
GOOGL Trimmed -3K +$2.8M
STX Price move only +0 +$2.5M
WWD Trimmed -141 +$2.5M
WCC Price move only +0 +$2.1M
PDD Price move only +0 -$2.1M
IBN Price move only +0 +$1.3M

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
ICLR June 30, 2025 69,421 $12,147,981 11.8%
TME March 31, 2026 586,839 $10,287,288 -15.7%
MSFT March 31, 2026 20,292 $9,813,617 42.7%
ALC June 30, 2025 101,968 $9,679,822 -27.7%
BSX March 31, 2026 95,907 $9,144,732 -31.5%
ICE Dec. 31, 2025 53,448 $9,004,919 -7.4%
PDD June 30, 2025 71,601 $8,473,978 -26.4%
SPOT June 30, 2026 13,754 $6,669,452 3.1%
UBER Sept. 30, 2025 62,876 $5,866,331 -29.0%
BABA Dec. 31, 2025 32,620 $5,830,173 -26.0%
MMYT March 31, 2026 69,641 $5,718,919 20.2%
HUBS June 30, 2025 9,898 $5,654,628 -60.9%
FUTU June 30, 2026 29,866 $4,084,474 13.8%
SN March 31, 2026 21,977 $2,459,226 75.4%
RKT June 30, 2026 141,190 $2,011,958 -25.8%
BJ Sept. 30, 2025 17,387 $1,874,840 0.8%
LITE June 30, 2026 1,872 $1,315,567 26.4%