Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +49.6%
S&P 500 total return (same window) +37.0%
Excess return +12.6%

Annualized: +38.0% · 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: 93.5% · Options excluded: 0.0%

Sector breakdown

04
Technology 49.4%
Industrials 8.0%
Retail 7.7%
Healthcare 7.4%
Financials 4.7%
Communication Services 2.9%
Real Estate 2.0%
Materials 1.2%
Utilities 0.6%
Consumer Staples 0.5%
Consumer Discretionary 0.4%
Energy 0.2%
Consumer products 0.1%
Other/Unmapped 14.9%

Full portfolio 576 positions

05
Type Streak 8Q trend
NVDA NVIDIA Corporation - Common Stock $52,086,030 15.08% 239,476 $8,629,854 Down ×6
AAPL Apple Inc. - Common Stock $37,339,497 10.81% 122,461 $4,662,365 Down ×6
AVGO Broadcom Inc. - Common Stock $19,456,733 5.63% 46,762 $4,173,748 Down ×6
MSFT Microsoft Corporation - Common Stock $13,126,909 3.80% 26,055 $3,082,243 Down ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $10,207,099 2.95% 24,184 $1,375,991 Down ×4
FTNT Fortinet, Inc. - Common Stock $9,893,907 2.86% 61,115 $4,595,591 Down ×6
ASML ASML Holding N.V. - New York Registry Shares $8,084,614 2.34% 4,493 $1,631,039 Down ×4
ABBNY CUSIP: 000375204 $7,538,831 2.18% 74,150 $1,140,631 Down ×1
DELL Dell Technologies Inc. Class C Common Stock $7,214,710 2.09% 16,361 $4,334,064 Down ×6
GLW Corning Incorporated Common Stock $6,568,020 1.90% 41,259 $515,451 Down ×4
ABBV AbbVie Inc. Common Stock $6,053,938 1.75% 24,207 $572,312 Down ×1
SFM Sprouts Farmers Market, Inc. - Common Stock $5,137,006 1.49% 60,865 $212,255 Down ×6
TJX TJX Companies, Inc. (The) Common Stock $4,929,171 1.43% 31,650 $-212,211 Down ×6
COST Costco Wholesale Corporation - Common Stock $4,917,381 1.42% 5,207 $-488,575 Down ×6
MEDP Medpace Holdings, Inc. - Common Stock $4,590,296 1.33% 7,581 $814,562 Down ×4
ADI Analog Devices, Inc. - Common Stock $4,584,685 1.33% 11,899 $692,242 Down ×1
DOV Dover Corporation Common Stock $4,150,240 1.20% 19,910 $-96,929 Down ×1
V Visa Inc. $4,052,337 1.17% 11,169 $531,543 Down ×2
AMZN Amazon.com, Inc. - Common Stock $3,965,613 1.15% 14,565 $813,655 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $3,875,214 1.12% 11,298 $413,388 Down ×2
WMT Walmart Inc. - Common Stock $3,846,876 1.11% 33,965 $-511,587 Down ×4
ROK Rockwell Automation, Inc. Common Stock $3,724,851 1.08% 8,333 $541,227 Down ×1
KEYS Keysight Technologies Inc. Common Stock $3,706,805 1.07% 10,785 $515,177 Down ×2
ANET Arista Networks, Inc. Common Stock $3,653,300 1.06% 18,465 $1,352,771 Down ×2
BLK BlackRock, Inc. Common Stock $3,645,269 1.06% 3,173 $439,890 Down ×6
PKG Packaging Corporation of America Common Stock $3,645,209 1.06% 14,160 $477,314 Down ×6
AMGN Amgen Inc. - Common Stock $3,573,338 1.03% 8,625 $424,280 Down ×1
SNPS Synopsys, Inc. - Common Stock $3,473,833 1.01% 8,454 $66,484 Down ×2
ETN Eaton Corporation, PLC Ordinary Shares $3,365,218 0.97% 7,327 $733,840 Down ×1
EQIX Equinix, Inc. - Common Stock $3,361,494 0.97% 3,256 $110,038 Down ×1
SCHX SCHWAB STRATEGIC TRUST $3,208,065 0.93% 105,424 $499,742 Down ×1
TMO Thermo Fisher Scientific Inc Common Stock $3,172,620 0.92% 5,244 $569,893 Down ×1
JPM JP Morgan Chase & Co. Common Stock $3,027,378 0.88% 8,362 $488,189 Down ×2
TT Trane Technologies plc $2,988,937 0.87% 6,176 $446,823 Up ×1
QQQ Invesco QQQ Trust, Series 1 $2,742,324 0.79% 3,817 $540,382 Up ×1
ISRG Intuitive Surgical, Inc. - Common Stock $2,589,940 0.75% 6,455 $-365,928 Up ×1
DLR Digital Realty Trust, Inc. Common Stock $2,369,860 0.69% 12,420 $50,557 Down ×4
DHR Danaher Corporation Common Stock $2,268,149 0.66% 10,934 $122,099 Down ×2
MKSI MKS Inc. - Common Stock $2,257,895 0.65% 7,670 $395,285 Down ×1
ITW Illinois Tool Works Inc. Common Stock $2,022,149 0.59% 6,898 $215,563
TGT Target Corporation Common Stock $1,959,972 0.57% 12,870 $366,192 Down ×6
CME CME Group Inc. - Class A Common Stock $1,792,679 0.52% 6,913 $-268,273 Down ×6
MRSH Marsh Common Stock $1,693,328 0.49% 8,854 $121,004 Down ×1
KO Coca-Cola Company (The) Common Stock $1,691,274 0.49% 19,557 $101,487 Down ×1
SPY SPY $1,634,325 0.47% 2,121 $211,558 Down ×6
IXN iShares Global Tech ETF $1,584,912 0.46% 11,332 $248,800 Down ×6
LOW Lowe's Companies, Inc. Common Stock $1,387,238 0.40% 6,270 $-94,238
VIG Vanguard Div Appreciation ETF $1,383,199 0.40% 5,631 $162,303 Down ×1
JNJ Johnson & Johnson Common Stock $1,265,361 0.37% 4,871 $34,723 Down ×1
IJK iShares Trust $1,183,324 0.34% 10,082 $128,223 Down ×3
SCHF SCHWAB STRATEGIC TRUST $980,070 0.28% 34,816 $140,723 Up ×2
ESGU iShares ESG Aware MSCI USA ETF $937,892 0.27% 5,549 $137,879 Down ×2
GOOGL Alphabet Inc. - Class A Common Stock $921,384 0.27% 2,680 $43,751 Down ×3
NEE NextEra Energy, Inc. Common Stock $905,843 0.26% 10,565 $-135,342 Down ×1
SCHD SCHWAB STRATEGIC TRUST $901,411 0.26% 26,303 $73,463 Down ×2
SOXX iShares Trust $888,909 0.26% 1,664 $344,648 Up ×1
IWD iShares Russell 1000 Value ETF $884,150 0.26% 3,428 $194,423 Up ×2
IVV iShares Trust $865,589 0.25% 1,118 $135,300
MGC VANGUARD WORLD FUND $837,376 0.24% 2,967 $175,596 Up ×1
IJT iShares S&P SmallCap 600 Growth ETF $792,126 0.23% 4,490 $115,751 Down ×2
FTSM First Trust Enhanced Short Maturity ETF $768,003 0.22% 12,845 $-59,831 Down ×2
Unknown issuer (CUSIP: 438516205) $741,677 0.21% 3,223 Up ×1
PANW Palo Alto Networks, Inc. - Common Stock $738,815 0.21% 1,925 $544,667 Up ×3
COWZ Pacer Funds Trust $730,603 0.21% 10,403 $94,368 Up ×6
MCD McDonald's Corporation Common Stock $729,787 0.21% 2,662 $-166,221 Down ×1
VZ Verizon Communications Inc. Common Stock $708,294 0.21% 14,984 $-114,852 Down ×4
SCHG SCHWAB STRATEGIC TRUST $697,099 0.20% 19,554 $85,888 Down ×1
IVW iShares S&P 500 Growth ETF $683,453 0.20% 4,852 $132,381 Down ×2
CCI Crown Castle Inc. Common Stock $681,170 0.20% 9,250 $-75,420 Down ×1
MCK McKesson Corporation Common Stock $642,060 0.19% 712 $25,340
VB Vanguard Morningstar Small-Cap ETF $639,874 0.19% 2,090 $101,628 Up ×1
SCHM SCHWAB STRATEGIC TRUST $610,714 0.18% 16,969 $94,177 Up ×1
QYLD Global X NASDAQ 100 Covered Call ETF $602,186 0.17% 33,160 $59,217 Up ×1
WFC Wells Fargo & Company Common Stock $550,323 0.16% 6,293 $49,337
EFIV SPDR SERIES TRUST $541,609 0.16% 7,208 $87,809 Up ×2
ABUS Arbutus Biopharma Corporation - Common Stock $516,035 0.15% 110,500 $18,785
Unknown issuer (CUSIP: 43849R105) $501,606 0.15% 3,023 Up ×1
SCHB SCHWAB STRATEGIC TRUST $490,790 0.14% 16,475 $73,979 Down ×2
SPTS State Street SPDR Portfolio Short Term Treasury ETF $469,372 0.14% 16,230 $-4,219
SCHE SCHWAB STRATEGIC TRUST $452,517 0.13% 12,313 $82,018 Up ×3
SCHA SCHWAB STRATEGIC TRUST $450,117 0.13% 12,953 $73,444
SBGSY CUSIP: 80687P106 $436,522 0.13% 6,205 $290,377 Up ×3
ICVT iShares Convertible Bond ETF $415,130 0.12% 3,597 $64,769 Up ×1
IUSV iShares Core S&P U.S. Value ETF $407,834 0.12% 3,560 $43,824
VEA Vanguard FTSE Developed Markets ETF $381,259 0.11% 5,245 $-8,027 Down ×1
HD Home Depot, Inc. (The) Common Stock $380,712 0.11% 1,074 $27,484
DIA State Street SPDR Dow Jones Industrial Average ETF Trust $366,962 0.11% 683 $49,925
FNDF SCHWAB STRATEGIC TRUST $364,850 0.11% 6,624 $74,989 Up ×1
LLY Eli Lilly and Company Common Stock $348,875 0.10% 287 $84,777
SCHV SCHWAB STRATEGIC TRUST $335,206 0.10% 9,602 $28,620 Down ×1
VWO Vanguard FTSE Emerging Markets ETF $321,882 0.09% 5,354 $32,498
CSX CSX Corporation - Common Stock $311,626 0.09% 6,240 $55,474
AGO Assured Guaranty Ltd. Common Stock $311,256 0.09% 4,133 $-33,649 Down ×1
IWR iShares Russell Mid-Cap ETF $302,011 0.09% 2,663 $25,489 Down ×1
USMV iShares MSCI USA Min Vol Factor ETF $299,168 0.09% 2,970 $12,323 Down ×1
EADSY CUSIP: 009279100 $298,461 0.09% 4,880 $210,103 Up ×2
PNC PNC Financial Services Group, Inc. (The) Common Stock $297,449 0.09% 1,170 $53,984
META Meta Platforms, Inc. - Class A Common Stock $292,970 0.08% 489 $9,766 Down ×1
NBIS Nebius Group N.V. - Class A Ordinary Shares $292,743 0.08% 1,515 $280,707 Up ×1
IBM International Business Machines Corporation Common Stock $286,104 0.08% 1,200 $-4,764

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
PANW $738,815 0.21% up ×3
COWZ $730,603 0.21% up ×6
SCHE $452,517 0.13% up ×3
SBGSY $436,522 0.13% up ×3
IGSB $270,398 0.08% up ×5
SIEGY $226,521 0.07% up ×3
SUSB $169,769 0.05% up ×3
BND $130,873 0.04% up ×3
SAP $49,275 0.01% up ×3
T $38,676 0.01% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 438516205) $741,677 3,223 0.21%
Unknown issuer (CUSIP: 43849R105) $501,606 3,023 0.15%
Unknown issuer (CUSIP: 30233Q108) $139,346 872 0.04%
IVVW $113,000 2,500 0.03%
BUFD $105,178 3,481 0.03%
Unknown issuer (CUSIP: 84615Q103) $103,300 775 0.03%
BUFR $99,042 2,656 0.03%
BUFQ $90,669 2,296 0.03%
BUFT $70,219 2,675 0.02%
INTC $48,855 500 0.01%
RDVY $39,044 469 0.01%
DGRW $37,237 373 0.01%
GDX $28,658 318 0.01%
VTV $25,690 114 0.01%
FTXL $21,276 92 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
NVDA Trimmed -10K +$8.6M
AAPL Trimmed -6K +$4.7M
FTNT Trimmed -4K +$4.6M
DELL Trimmed -1K +$4.3M
AVGO Trimmed -3K +$4.2M
MSFT Trimmed -1K +$3.1M
ASML Trimmed -393 +$1.6M
TSM Trimmed -2K +$1.4M
ANET Trimmed -272 +$1.4M
ABBNY Trimmed -4K +$1.1M

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
HON June 30, 2026 6,242 $1,410,879 -4.4%
GTLS June 30, 2026 3,652 $755,051 No longer tracked
FISV June 30, 2025 1,684 $371,878 -73.2%
NSC June 30, 2025 1,253 $296,773 23.5%
RSG June 30, 2025 1,221 $295,677 -13.7%
NEU June 30, 2025 418 $237,926 33.8%
TXN June 30, 2025 1,249 $224,445 42.0%
ODFL June 30, 2025 1,333 $220,545 10.5%
CHD June 30, 2025 1,936 $213,134 -0.5%
MLM June 30, 2025 432 $206,552 -11.6%
FDX June 30, 2025 823 $201,767 27.2%
TEL June 30, 2025 1,413 $199,685 29.8%
ENTG June 30, 2025 2,199 $192,369 107.0%
ORLY June 30, 2025 134 $191,966 -6.9%
XOM June 30, 2026 1,044 $177,125 20.0%
BRKR June 30, 2025 3,501 $146,132 55.0%
XRPI Dec. 31, 2025 6,500 $112,320
IBDQ Dec. 31, 2025 2,710 $68,265
ROST June 30, 2025 310 $39,615 77.4%
XRPZ June 30, 2026 2,450 $35,746
GXRP June 30, 2026 1,371 $35,673
PAYX June 30, 2026 376 $34,637 1.5%
CLX June 30, 2026 318 $32,954 -14.1%
IBB June 30, 2026 180 $30,393 7.6%
IYE June 30, 2026 450 $29,147 18.1%
CFLT March 31, 2026 800 $24,192 No longer tracked
IDXX Sept. 30, 2025 40 $21,454 -17.5%
APP June 30, 2026 50 $19,900 -45.3%
EBAY June 30, 2026 195 $17,749 -4.1%
SPOT Dec. 31, 2025 25 $17,450 -16.8%
AEP June 30, 2026 125 $16,385 -12.5%
IYG June 30, 2026 150 $12,426 0.3%
ADSK June 30, 2026 50 $11,970 14.0%
ETH Dec. 31, 2025 300 $11,754 -7.3%
BAESY June 30, 2026 100 $11,650 No longer tracked
DAL Dec. 31, 2025 204 $11,569 19.7%
IYR June 30, 2026 120 $11,347 -7.7%
ALX Sept. 30, 2025 50 $11,266 4.6%
SOLZ Dec. 31, 2025 500 $11,060
DLTR June 30, 2026 100 $10,951 -6.4%
SYM June 30, 2026 200 $10,640 -4.6%
RDDT June 30, 2025 100 $10,490 -0.1%
BEN June 30, 2025 500 $9,785 37.9%
TOELY Sept. 30, 2025 100 $9,613 No longer tracked
DWAHY June 30, 2026 300 $9,422 No longer tracked
ECG June 30, 2026 75 $8,855 -24.0%
PYPL June 30, 2026 195 $8,820 26.0%
AES March 31, 2026 600 $8,604 5.7%
IUSB June 30, 2025 173 $7,972
DJP Dec. 31, 2025 221 $7,832
SONY March 31, 2026 300 $7,680 13.7%
SPTM June 30, 2025 107 $7,277 24.7%
WBA Sept. 30, 2025 583 $6,691 No longer tracked
MDU June 30, 2026 300 $6,258 -11.9%
KNF June 30, 2026 75 $6,124 -37.9%
FBRT June 30, 2026 657 $5,709 -24.2%
SGOV June 30, 2026 54 $5,436 0.0%
AIFD March 31, 2026 109 $4,096
SPYI Sept. 30, 2025 66 $3,321
OPEN June 30, 2026 700 $3,276 -50.0%
HOOD Sept. 30, 2025 30 $2,809 -20.3%
BG June 30, 2025 34 $2,598 33.7%
IPG June 30, 2025 76 $2,064 No longer tracked
FG June 30, 2026 72 $1,823 -17.2%
EZU June 30, 2026 28 $1,754 -3.9%
ADBE June 30, 2026 7 $1,702 16.5%
VGT June 30, 2025 3 $1,627 55.8%
VNQ June 30, 2025 17 $1,539
VLUE June 30, 2025 14 $1,493
GFI June 30, 2025 23 $508 50.8%
KOF June 30, 2025 5 $456 10.6%
B Sept. 30, 2025 20 $416 22.1%
OXYWS June 30, 2025 12 $332 No longer tracked
OXYWS March 31, 2026 12 $231 No longer tracked
FTEC March 31, 2026 1 $225
BMBOY June 30, 2025 20 $205 No longer tracked
KLG Sept. 30, 2025 10 $159 No longer tracked
VYX March 31, 2026 12 $122 8.1%
NVYY June 30, 2026 8 $116
LUV March 31, 2026 2 $83 11.4%
TLRY March 31, 2026 8 $72 -42.5%
F March 31, 2026 5 $66 5.3%
XYZ March 31, 2026 1 $65 26.7%
ULTY Sept. 30, 2025 10 $63 -52.6%
XRX March 31, 2026 25 $60 134.1%
LUMN March 31, 2026 7 $54 -19.1%
VTRS March 31, 2026 4 $53 30.4%
CARA Dec. 31, 2025 1 $39 No longer tracked
CNDT March 31, 2026 20 $38 32.4%
NOTE March 31, 2026 12 $18 No longer tracked
OGN March 31, 2026 3 $18 128.7%
TSYY March 31, 2026 2 $11
RLMD March 31, 2026 2 $10 -50.0%
EKSO March 31, 2026 1 $9 No longer tracked
COYY March 31, 2026 1 $8
AGEN Dec. 31, 2025 1 $4 178.0%
GTBP Sept. 30, 2025 1 $4 -99.9%
TVRD March 31, 2026 1 $4 -63.8%
CRDF March 31, 2026 1 $3 -29.6%
CENN March 31, 2026 7 $1 3048.1%
MDEX March 31, 2026 120 $1 No longer tracked
CLRN March 31, 2026 60 $0 No longer tracked
CSGH March 31, 2026 2,300 $0 No longer tracked
FRCB March 31, 2026 325 $0 No longer tracked
FSRNQ March 31, 2026 1,000 $0 No longer tracked
GADS March 31, 2026 1 $0 No longer tracked
HYDN March 31, 2026 1 $0 No longer tracked
LATF March 31, 2026 16,000 $0 No longer tracked
LLFLQ March 31, 2026 25 $0 No longer tracked
MBBYF March 31, 2026 34 $0 No longer tracked
NAVB March 31, 2026 280 $0 No longer tracked