Performance vs S&P 500

03
Tracked Q1 2025–Q3 2025 +17.4%
S&P 500 total return (same window) +21.3%
Excess return -3.8%

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: 97.9% · Options excluded: 0.0%

Sector breakdown

04
Communication Services 100.0%

Full portfolio 2 positions

05
Type Streak 8Q trend
LVO (filed as LVOXXXX) LiveOne, Inc. - Common Stock $758,417 83.77% 183,636 $-628,051 Down ×1
PODC PodcastOne, Inc. - Common Stock $146,913 16.23% 87,448 $-64,974

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
LVO (filed as LVOXXXX) Trimmed -1.7M -$628K
PODC Price move only +0 -$65K

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
NN Sept. 30, 2025 3,923,143 $59,631,774 -2.2%