Performance vs S&P 500

03
Tracked Q4 2025–Q2 2026 +0.4%
S&P 500 total return (same window) +8.7%
Excess return -8.3%

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: 99.8% · Options excluded: 0.0%

Sector breakdown

04
Technology 66.9%
Retail 17.6%
Financials 8.6%
Communication Services 1.9%
Real Estate 0.8%
Consumer products 0.2%
Other/Unmapped 4.0%

Full portfolio 39 positions

05
Type Streak 8Q trend
PDD PDD Holdings Inc. - American Depositary Shares $37,976,761 17.64% 497,860 $-12,894,574
AMD Advanced Micro Devices, Inc. - Common Stock $21,708,607 10.09% 37,370 $19,576,661 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $21,032,183 9.77% 44,040 $-11,640,823 Down ×1
NVDA NVIDIA Corporation - Common Stock $19,732,676 9.17% 98,619 $-37,186,252 Down ×1
YB Yuanbao Inc. - American Depositary Shares $18,510,397 8.60% 1,214,593 $9,093,512 Up ×2
SNDK Sandisk Corporation - Common Stock $17,098,450 7.94% 7,520 $14,372,841 Up ×1
MU Micron Technology, Inc. - Common Stock $15,444,400 7.18% 13,380 $12,636,950 Up ×1
AVGO Broadcom Inc. - Common Stock $13,213,695 6.14% 34,980 $2,578,931 Up ×1
IBIT iShares Bitcoin Trust ETF $8,322,367 3.87% 249,996 $8,168,956 Up ×1
NBIS Nebius Group N.V. - Class A Ordinary Shares $7,038,745 3.27% 25,487 Up ×1
WDC Western Digital Corporation - Common Stock $6,840,691 3.18% 10,710 Up ×1
LRCX Lam Research Corporation - Common Stock $6,352,618 2.95% 14,660 Up ×1
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $4,853,950 2.26% 5,030 Up ×1
LITE Lumentum Holdings Inc. - Common Stock $3,947,076 1.83% 4,600 $-9,510,778 Down ×1
TER Teradyne, Inc. - Common Stock $2,419,200 1.12% 5,000 $936,900
DELL Dell Technologies Inc. Class C Common Stock $2,135,727 0.99% 4,950 Up ×1
LSCC Lattice Semiconductor Corporation - Common Stock $2,019,072 0.94% 13,200 Up ×1
ADI Analog Devices, Inc. - Common Stock $1,826,982 0.85% 4,600 Up ×1
SNOW Snowflake Inc. Common Stock $796,585 0.37% 3,130 Up ×1
AMAT Applied Materials, Inc. - Common Stock $614,550 0.29% 850 Up ×1
ARM Arm Holdings plc - American Depositary Shares $443,213 0.21% 1,250 Up ×1
VTR Ventas, Inc. Common Stock $322,433 0.15% 3,631 $281,543 Up ×1
PHM PulteGroup, Inc. Common Stock $268,932 0.12% 1,960 $38,416
AHR American Healthcare REIT, Inc. Common Stock $252,302 0.12% 4,838 $178,025 Up ×1
CTRE CareTrust REIT, Inc. Common Stock $231,529 0.11% 5,738 Up ×1
WELL Welltower Inc. Common Stock $224,246 0.10% 988 $135,474 Up ×1
ETHA iShares Ethereum Trust ETF $199,158 0.09% 16,750 $81,224 Up ×1
DHI D.R. Horton, Inc. Common Stock $175,422 0.08% 1,077 $27,636
NOK Nokia Corporation Sponsored American Depositary Shares $175,163 0.08% 13,190 Up ×1
DLR Digital Realty Trust, Inc. Common Stock $168,446 0.08% 938 $-60,060 Down ×1
GDS GDS Holdings Limited - American Depositary Shares $139,339 0.06% 4,640 Up ×1
COLD Americold Realty Trust, Inc. Common Stock $137,236 0.06% 8,730 $37,190
HST Host Hotels & Resorts, Inc. - Common Stock $127,916 0.06% 5,395 $-90,412 Down ×1
BMNR BitMine Immersion Technologies, Inc. Common Stock $122,452 0.06% 9,200 $35,420 Up ×1
IRM Iron Mountain Incorporated (Delaware)Common Stock REIT $102,943 0.05% 815 $56,469 Up ×1
EQIX Equinix, Inc. - Common Stock $83,391 0.04% 80 $-178,333 Down ×1
VICI VICI Properties Inc. Common Stock $60,959 0.03% 2,296 $-1,768
BEKE KE Holdings Inc American Depositary Shares (each representing three Class A Ordinary Shares) $58,120 0.03% 4,000 $-1,760
CRCL Circle Internet Group, Inc. Class A Common Stock $54,488 0.03% 870 $-42,280,169 Down ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
NBIS $7,038,745 25,487 3.27%
WDC $6,840,691 10,710 3.18%
LRCX $6,352,618 14,660 2.95%
STX $4,853,950 5,030 2.26%
DELL $2,135,727 4,950 0.99%
LSCC $2,019,072 13,200 0.94%
ADI $1,826,982 4,600 0.85%
SNOW $796,585 3,130 0.37%
AMAT $614,550 850 0.29%
ARM $443,213 1,250 0.21%
CTRE $231,529 5,738 0.11%
NOK $175,163 13,190 0.08%
GDS $139,339 4,640 0.06%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
NVDA Trimmed -228K -$37.2M
PDD Price move only +0 -$12.9M
TSM Trimmed -53K -$11.6M
LITE Trimmed -15K -$9.5M
YB Bought more +681K +$9.1M
AVGO Bought more +620 +$2.6M
TER Price move only +0 +$937K
EQIX Trimmed -187 -$178K
AHR Bought more +3K +$178K
WELL Bought more +539 +$135K

6 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
PBR June 30, 2026 852,338 $17,686,014 34.0%
GOOG June 30, 2026 31,720 $9,099,199 -3.7%
META June 30, 2026 8,550 $4,891,712 29.3%
FUTU June 30, 2026 29,330 $4,011,171 9.0%
VRT June 30, 2026 12,605 $3,158,561 -24.7%
HSDT March 31, 2026 226,100 $2,880,514 52.0%
RBLX June 30, 2026 30,000 $1,696,800 -18.9%
PLTR June 30, 2026 10,400 $1,521,312 61.8%
APH June 30, 2026 11,650 $1,471,978 -50.7%
LLY June 30, 2026 1,000 $919,770 -4.7%
SE March 31, 2026 4,266 $544,214 14.9%
APP June 30, 2026 277 $110,246 -47.9%