Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +59.1%
S&P 500 total return (same window) +37.0%
Excess return +22.1%

Annualized: +45.0% · 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: 98.8% · Options excluded: 0.0%

Sector breakdown

04
Industrials 32.5%
Healthcare 17.3%
Technology 16.5%
Financials 10.3%
Consumer Discretionary 6.0%
Energy 4.1%
Materials 3.5%
Real Estate 3.5%
Communication Services 2.0%
Retail 1.1%
Consumer products 1.1%
Utilities 0.9%
Consumer Staples 0.7%
Other/Unmapped 0.7%

Full portfolio 300 positions

05
Type Streak 8Q trend
FTAI FTAI Aviation Ltd. - Common Stock $320,170,153 2.98% 1,183,492 $59,928,772 Up ×1
GVA Granite Construction Incorporated Common Stock $176,872,715 1.65% 1,118,881 $34,486,910 Down ×4
ALK Alaska Air Group, Inc. Common Stock $176,678,385 1.65% 3,384,643 $52,597,865 Up ×5
AAOI Applied Optoelectronics, Inc. - Common Stock $144,503,042 1.35% 975,318 $120,467,132 Up ×1
AKAM Akamai Technologies, Inc. - Common Stock $134,354,286 1.25% 1,136,573 $15,304,377 Up ×2
ASH Ashland Inc. Common Stock $131,773,923 1.23% 1,999,908 $25,409,306 Up ×3
LSCC Lattice Semiconductor Corporation - Common Stock $125,709,914 1.17% 821,848 $69,560,604 Up ×1
BPOP Popular, Inc. - Common Stock $119,067,801 1.11% 725,227 $11,606,991 Down ×4
MDB MongoDB, Inc. - Class A Common Stock $112,223,606 1.05% 334,098 $59,765,384 Up ×1
UTHR United Therapeutics Corporation - Common Stock $112,054,808 1.04% 206,808 $-37,792,477 Down ×1
KNX Knight-Swift Transportation Holdings Inc. $109,871,061 1.02% 1,410,955 $-10,272,151 Down ×1
EXP Eagle Materials Inc Common Stock $103,189,780 0.96% 458,621 $-12,498,634 Down ×1
LRN Stride, Inc. Common Stock $102,773,099 0.96% 1,191,710 $-33,827,870 Down ×1
XPO XPO, Inc. Common Stock $102,563,111 0.96% 499,601 $-24,297,727 Down ×6
BBIO BridgeBio Pharma, Inc. - Common Stock $102,265,291 0.95% 1,373,057 $31,125,028 Up ×4
LBRT Liberty Energy Inc. Class A common stock $97,444,254 0.91% 3,720,666 $25,610,646 Up ×2
SANM Sanmina Corporation - Common Stock $95,692,357 0.89% 378,111 $13,061,433 Down ×4
UCTT Ultra Clean Holdings, Inc. - Common Stock $95,183,387 0.89% 667,532 $-15,960,289 Down ×2
RARE Ultragenyx Pharmaceutical Inc. - Common Stock $95,092,590 0.89% 2,847,936 $49,187,330 Up ×4
PODD Insulet Corporation - Common Stock $94,776,509 0.88% 622,506 $58,576,312 Up ×3
MOD Modine Manufacturing Company Common Stock $91,819,607 0.86% 343,868 $47,602,326 Up ×2
FLS Flowserve Corporation Common Stock $91,460,894 0.85% 1,233,291 $57,466,342 Up ×3
KEX Kirby Corporation Common Stock $90,631,405 0.84% 666,554 $5,012,985 Up ×3
ALGT Allegiant Travel Company - Common Stock $90,004,856 0.84% 765,347 $41,282,367 Up ×2
PSTG Everpure, Inc. Class A common stock $88,247,971 0.82% 1,120,040 $32,483,415 Up ×6
AMTM Amentum Holdings, Inc. Common Stock $85,655,891 0.80% 4,143,971 $-42,923,997 Down ×2
KYMR Kymera Therapeutics, Inc. - Common Stock $84,955,104 0.79% 740,866 $21,667,364 Down ×1
INSM Insmed Incorporated - Common Stock $84,788,663 0.79% 795,242 $8,006,052 Up ×2
ATI ATI Inc. Common Stock $82,775,691 0.77% 419,968 $-18,234,913 Down ×6
RNST Renasant Corporation Common Stock $75,676,661 0.71% 1,778,953 $14,157,640 Up ×1
ALAB Astera Labs, Inc. - Common Stock $74,675,474 0.70% 154,601 $-752,700 Down ×2
RCL Royal Caribbean Cruises Ltd. Common Stock $74,290,271 0.69% 233,963 $8,715,152 Down ×1
PVLA Palvella Therapeutics, Inc. - Common Stock $73,175,272 0.68% 478,833 $26,551,811 Up ×1
DT Dynatrace, Inc. Common Stock $71,818,625 0.67% 1,635,587 Up ×1
INDI indie Semiconductor, Inc. - Class A Common Stock $71,454,618 0.67% 15,914,169 $9,482,214 Down ×1
ADC Agree Realty Corporation Common Stock $71,423,199 0.67% 943,005 $-11,599,278 Down ×1
LUNR Intuitive Machines, Inc. - Class A Common Stock $67,879,752 0.63% 3,173,434 $2,663,643 Down ×1
JAZZ Jazz Pharmaceuticals plc - Ordinary Shares $66,815,854 0.62% 277,279 $-30,976,733 Down ×1
SAIA Saia, Inc. - Common Stock $63,796,150 0.59% 151,477 $-309,603 Down ×2
ENTG Entegris, Inc. - Common Stock $63,301,760 0.59% 351,950 $-25,179,994 Down ×3
FBP First BanCorp. New Common Stock $63,148,454 0.59% 2,422,265 $697,420 Down ×3
CRCL Circle Internet Group, Inc. Class A Common Stock $62,929,568 0.59% 1,004,783 $-84,779,465 Down ×1
HUBB Hubbell Inc Common Stock $62,782,657 0.59% 119,997 $50,480,828 Up ×1
AXSM Axsome Therapeutics, Inc. - Common Stock $62,240,116 0.58% 254,280 $27,917,901 Up ×4
FLEX Flex Ltd. - Ordinary Shares $61,932,675 0.58% 382,135 $38,263,236 Up ×2
WTFC Wintrust Financial Corporation - Common Stock $61,811,710 0.58% 384,593 $-2,380,284 Down ×2
TDW Tidewater Inc. Common Stock $59,620,257 0.56% 894,796 $-30,011,598 Down ×1
ATMU Atmus Filtration Technologies Inc. Common Stock $59,042,838 0.55% 1,157,930 $16,906,952 Up ×5
JBL Jabil Inc. Common Stock $58,665,019 0.55% 152,187 $14,882,032 Down ×1
BLDR Builders FirstSource, Inc. Common Stock $58,286,271 0.54% 651,389 $-12,558,219 Down ×1
SNOW Snowflake Inc. Common Stock $57,628,726 0.54% 226,439 $46,873,903 Up ×1
TRVI Trevi Therapeutics, Inc. - Common Stock $57,269,301 0.53% 3,070,740 $33,477,397 Up ×2
GENI Genius Sports Limited Ordinary Shares $57,163,156 0.53% 9,432,864 $35,155,368 Up ×1
BWIN The Baldwin Insurance Group, Inc. - Class A Common Stock $55,755,750 0.52% 2,097,658 $31,567,953 Up ×2
VERA Vera Therapeutics, Inc. - Class A Common Stock $55,585,829 0.52% 1,295,405 $33,399,266 Up ×2
URGN UroGen Pharma Ltd. - Ordinary Shares $55,514,521 0.52% 1,508,547 $31,886,779 Up ×2
MKSI MKS Inc. - Common Stock $53,653,842 0.50% 120,625 $16,597,034 Down ×3
GTX Garrett Motion Inc. - Common Stock $53,142,925 0.50% 1,466,821 $4,535,758 Down ×1
ELAN Elanco Animal Health Incorporated Common Stock $52,629,706 0.49% 2,138,550 $-3,905,531 Down ×3
EBC Eastern Bankshares, Inc. - Common Stock $51,864,172 0.48% 2,332,022 $-3,691,950 Down ×3
FAF First American Corporation (New) Common Stock $51,380,588 0.48% 749,097 $-1,723,072 Down ×1
APG APi Group Corporation Common Stock $50,982,243 0.48% 1,203,831 $28,825,623 Up ×1
STAG Stag Industrial, Inc. Common Stock $50,689,892 0.47% 1,331,842 $-3,456,617 Down ×1
WFRD Weatherford International plc - Ordinary shares $50,317,287 0.47% 617,390 $-18,300,199 Down ×1
AIR AAR Corp. Common Stock $50,088,598 0.47% 350,441 $3,328,702 Down ×2
CRS Carpenter Technology Corporation Common Stock $49,648,291 0.46% 80,488 $10,574,660 Down ×6
PRDO Perdoceo Education Corporation - Common Stock $49,524,201 0.46% 1,547,631 $-19,202,137 Down ×2
ACHC Acadia Healthcare Company, Inc. - Common Stock $49,399,461 0.46% 1,672,857 $35,944,528 Up ×1
CGNX Cognex Corporation - Common Stock $48,491,576 0.45% 669,588 $14,497,450 Down ×1
FR First Industrial Realty Trust, Inc. Common Stock $48,360,838 0.45% 788,792 $-6,386,377 Down ×5
DDOG Datadog, Inc. - Class A Common Stock $47,428,219 0.44% 182,164 $36,402,467 Up ×1
NTRA Natera, Inc. - Common Stock $47,109,261 0.44% 173,547 $-11,757,172 Down ×2
PRIM Primoris Services Corporation Common Stock $46,463,733 0.43% 468,762 Up ×1
AR Antero Resources Corporation Common Stock $46,318,139 0.43% 1,318,103 $-10,943,479 Down ×1
FICO Fair Isaac Corporation Common Stock $45,733,789 0.43% 38,278 $12,137,238 Up ×3
MPWR Monolithic Power Systems, Inc. - Common Stock $45,235,122 0.42% 32,723 $-41,903,417 Down ×3
TFIN TFIN $44,590,452 0.42% 584,333 $6,123,081 Down ×2
DAR Darling Ingredients Inc. Common Stock $43,360,948 0.40% 793,866 $-108,522,090 Down ×4
SARO StandardAero, Inc. Common Stock $43,349,563 0.40% 1,449,333 Up ×1
VOYG Voyager Technologies, Inc. Class A Common Stock $43,313,482 0.40% 1,343,054 $14,609,579 Up ×2
SNX TD SYNNEX Corporation Common Stock $43,291,168 0.40% 161,933 $-6,188,438 Down ×3
CHE Chemed Corp $42,180,768 0.39% 90,567 $18,486,665 Up ×1
MDU MDU Resources Group, Inc. Common Stock (Holding Company) $42,158,396 0.39% 1,987,666 $-9,777,299 Down ×3
RRX Regal Rexnord Corporation Common Stock $42,082,226 0.39% 176,675 $1,276,483 Down ×4
PGY Pagaya Technologies Ltd. - Class A Ordinary Shares $41,909,610 0.39% 2,296,417 $39,618,102 Up ×1
ACVA ACV Auctions Inc. Class A Common Stock $41,800,215 0.39% 5,813,660 $25,139,895 Up ×3
KBR KBR, Inc. Common Stock $41,645,338 0.39% 1,206,062 $-11,215,399 Down ×1
RYZ Ryerson Holding Corporation Common Stock $41,428,676 0.39% 1,683,408 $7,325,113 Up ×3
ERO Ero Copper Corp. Common Shares $41,196,685 0.38% 1,540,063 $7,833,929 Up ×3
NSIT Insight Enterprises, Inc. - Common Stock $41,130,155 0.38% 337,686 $7,269,265 Down ×1
WSFS WSFS Financial Corporation - Common Stock $41,064,285 0.38% 535,179 $-3,153,683 Down ×3
TER Teradyne, Inc. - Common Stock $40,914,859 0.38% 84,563 $-13,397,870 Down ×3
GPOR Gulfport Energy Corporation Common Shares $40,862,036 0.38% 240,790 $-6,095,667 Up ×1
SBCF Seacoast Banking Corporation of Florida - Common Stock $40,823,388 0.38% 1,227,771 $10,556,218 Up ×1
CRDO Credo Technology Group Holding Ltd - Ordinary Shares $40,658,973 0.38% 149,509 $30,123,474 Up ×1
NET Cloudflare, Inc. Class A Common Stock $40,572,991 0.38% 165,415 $8,115,915 Up ×1
APGE Apogee Therapeutics, Inc. - Common Stock $40,315,285 0.38% 303,739 $-49,282,231 Down ×1
LMND Lemonade, Inc. Common Stock $39,668,797 0.37% 609,820 $-2,476,182 Down ×1
IRT Independence Realty Trust, Inc. Common Stock $39,667,784 0.37% 2,376,740 $-3,062,341 Down ×4
PWR Quanta Services, Inc. Common Stock $38,931,969 0.36% 54,069 $7,694,281 Down ×5

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
ALK $176,678,385 1.65% up ×5
ASH $131,773,923 1.23% up ×3
BBIO $102,265,291 0.95% up ×4
RARE $95,092,590 0.89% up ×4
PODD $94,776,509 0.88% up ×3
FLS $91,460,894 0.85% up ×3
KEX $90,631,405 0.84% up ×3
PSTG $88,247,971 0.82% up ×6
AXSM $62,240,116 0.58% up ×4
ATMU $59,042,838 0.55% up ×5
FICO $45,733,789 0.43% up ×3
ACVA $41,800,215 0.39% up ×3
RYZ $41,428,676 0.39% up ×3
ERO $41,196,685 0.38% up ×3
FIP $38,315,748 0.36% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
DT $71,818,625 1,635,587 0.67%
PRIM $46,463,733 468,762 0.43%
SARO $43,349,563 1,449,333 0.40%
ALKS $34,557,740 659,562 0.32%
ETOR $32,840,490 832,037 0.31%
ST $31,402,990 657,792 0.29%
MANE $31,334,455 254,876 0.29%
UAMY $31,197,846 4,297,224 0.29%
MOH $29,378,573 128,459 0.27%
HALO $26,812,936 342,570 0.25%
SXI $26,417,943 73,861 0.25%
UMAC $26,058,509 1,168,543 0.24%
CLYM $25,284,808 1,939,019 0.24%
PRCH $23,273,693 1,547,453 0.22%
NBIS $21,630,187 78,322 0.20%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
DAR Trimmed -1.7M -$108.5M
CRCL Trimmed -543K -$84.8M
LSCC Bought more +217K +$69.6M
FTAI Bought more +121K +$59.9M
MDB Bought more +120K +$59.8M
PODD Bought more +450K +$58.6M
FLS Bought more +771K +$57.5M
ALK Bought more +11K +$52.6M
APGE Trimmed -761K -$49.3M
RARE Bought more +657K +$49.2M

3 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
BECN June 30, 2025 1,405,443 $173,853,351 No longer tracked
DBRG Dec. 31, 2025 6,455,013 $75,523,656 No longer tracked
MRC Sept. 30, 2025 4,453,159 $61,052,805 No longer tracked
PNFP Sept. 30, 2025 528,987 $58,405,445 2.5%
MRVL June 30, 2026 540,979 $53,583,970 -3.7%
WBS March 31, 2026 800,420 $50,378,435 No longer tracked
PLTR Sept. 30, 2025 359,925 $49,064,976 5.3%
U March 31, 2026 1,050,468 $46,399,164 104.9%
GTLS Sept. 30, 2025 259,101 $42,661,049 No longer tracked
CSGP Dec. 31, 2025 490,623 $41,393,863 -58.9%
NUVL June 30, 2026 395,546 $40,523,686 No longer tracked
DIOD June 30, 2026 592,499 $40,443,982 -1.6%
HUBS Dec. 31, 2025 84,100 $39,341,830 -45.9%
LXP (filed as LXPXXXX) Dec. 31, 2025 3,988,180 $35,734,093 22.9%
BILL March 31, 2026 641,710 $34,998,881 14.8%
TREX Dec. 31, 2025 639,397 $33,037,652 27.9%
QDEL June 30, 2026 1,752,613 $28,795,432 -28.3%
FMC Dec. 31, 2025 790,217 $26,574,998 -34.9%
FTNT Dec. 31, 2025 308,839 $25,967,183 140.9%
LNTH Sept. 30, 2025 315,513 $25,827,914 94.9%
SKX June 30, 2025 412,792 $23,438,330 No longer tracked
DPZ June 30, 2026 62,733 $22,507,973 2.3%
CTSH Sept. 30, 2025 276,257 $21,556,334 -14.7%
SM Dec. 31, 2025 796,947 $19,899,767 87.7%
HOLX June 30, 2025 317,342 $19,602,215 No longer tracked
FARO Sept. 30, 2025 404,388 $17,760,721 No longer tracked
ONON March 31, 2026 365,478 $16,987,417 -2.6%
ECG June 30, 2026 143,499 $16,941,492 -20.0%
VKTX Sept. 30, 2025 638,204 $16,912,398 8.0%
ANET June 30, 2026 136,947 $16,814,353 26.8%
STRL Dec. 31, 2025 48,514 $16,479,236 84.1%
TSCO June 30, 2026 362,574 $16,424,602 2.2%
MBLY June 30, 2025 1,130,016 $16,266,580 -58.5%
APO Dec. 31, 2025 120,732 $16,089,954 -19.9%
GMS Sept. 30, 2025 145,107 $15,780,386 No longer tracked
APH June 30, 2026 124,757 $15,763,047 -49.7%
AESI March 31, 2026 1,655,363 $15,593,519 -3.1%
FLYW March 31, 2026 1,098,194 $15,550,427 56.5%
PJT Dec. 31, 2025 86,495 $15,372,756 -16.5%
MGNI March 31, 2026 944,701 $15,332,489 109.1%
AZEK June 30, 2025 301,082 $14,719,910 No longer tracked
HAIN June 30, 2025 3,540,747 $14,694,100 -66.0%
RMD June 30, 2026 65,224 $14,641,484 13.2%
MXL March 31, 2026 819,504 $14,283,958 528.5%
POR June 30, 2025 314,873 $14,043,336 9.0%
EXAS Dec. 31, 2025 246,546 $13,488,511 No longer tracked
TEM Dec. 31, 2025 164,850 $13,305,044 21.9%
CZR June 30, 2026 503,396 $13,304,746 -1.8%
INSP March 31, 2026 142,007 $13,097,332 32.2%
BWXT March 31, 2026 70,868 $12,248,863 -28.7%
HL Sept. 30, 2025 2,029,623 $12,157,442 41.3%
KLAC June 30, 2026 8,099 $11,925,049 -34.6%
LULU June 30, 2026 77,472 $11,860,963 -18.0%
ESTC Dec. 31, 2025 139,717 $11,804,680 25.4%
CURB Sept. 30, 2025 504,951 $11,528,031 25.1%
MTZ Dec. 31, 2025 53,702 $11,428,346 5.0%
PAYC March 31, 2026 68,904 $10,980,603 83.0%
GBX Dec. 31, 2025 235,910 $10,891,965 -14.2%
REXR June 30, 2025 274,500 $10,746,687 3.5%
DVN March 31, 2026 279,196 $10,226,961 -4.6%
GPK March 31, 2026 672,224 $10,123,693 -13.4%
SNCY June 30, 2026 584,311 $9,652,812 No longer tracked
STVN Sept. 30, 2025 394,944 $9,648,482 -22.9%
TYL March 31, 2026 20,711 $9,401,634 -3.4%
SITC June 30, 2025 724,774 $9,306,098 -71.7%
IT June 30, 2025 21,825 $9,160,826 -54.3%
NDAQ June 30, 2026 106,895 $9,074,317 17.1%
GTM Dec. 31, 2025 781,520 $8,526,380 -64.1%
APPN Dec. 31, 2025 273,306 $8,354,974 5.2%
KKR March 31, 2026 65,002 $8,286,455 -2.0%
TWLO March 31, 2026 56,555 $8,044,383 122.9%
FN Sept. 30, 2025 27,294 $8,042,922 34.2%
MTCH Sept. 30, 2025 260,095 $8,034,335 15.0%
TTD June 30, 2026 321,192 $7,287,846 -34.1%
SG March 31, 2026 1,051,122 $7,105,585 76.1%
EEFT Sept. 30, 2025 69,841 $7,080,480 -27.6%
APP March 31, 2026 10,496 $7,072,415 -30.0%
KTOS March 31, 2026 91,909 $6,976,847 -38.0%
IAS Sept. 30, 2025 822,643 $6,836,159 No longer tracked
ROG March 31, 2026 72,167 $6,608,296 45.9%
GDYN June 30, 2026 1,129,076 $6,435,730 37.7%
CDW March 31, 2026 46,667 $6,356,045 12.1%
ACM March 31, 2026 65,698 $6,262,988 -29.1%
NVCR Dec. 31, 2025 481,349 $6,219,029 15.8%
ZETA March 31, 2026 293,526 $5,973,254 107.0%
ENVX March 31, 2026 809,513 $5,917,540 -47.9%
ROST June 30, 2026 26,507 $5,742,211 5.3%
TPG Dec. 31, 2025 97,915 $5,625,230 -29.6%
SLNO March 31, 2026 119,695 $5,541,899 No longer tracked
PL March 31, 2026 277,871 $5,479,620 -33.6%
BFAM March 31, 2026 50,809 $5,152,033 -19.1%
ACHC Dec. 31, 2025 183,959 $4,554,814 104.7%
KLC March 31, 2026 1,041,978 $4,501,346 -9.1%
GTLB Sept. 30, 2025 78,658 $3,548,262 14.5%
AMPH June 30, 2025 119,628 $3,468,005 12.8%
SRPT June 30, 2025 53,443 $3,410,751 1.2%
VRDN June 30, 2026 158,371 $3,097,738 -0.8%
INOD March 31, 2026 59,534 $3,033,257 71.5%
ASPN Sept. 30, 2025 508,651 $3,011,216 -15.7%
HLIO Sept. 30, 2025 84,085 $2,805,916 36.9%
BPMC Sept. 30, 2025 21,687 $2,779,840 No longer tracked
PATH June 30, 2025 170,045 $1,751,464 2.3%
EOLS Dec. 31, 2025 270,506 $1,660,907 11.0%
ALM Dec. 31, 2025 230,623 $1,390,657 48.0%
TOST Dec. 31, 2025 34,227 $1,249,628 -14.8%
KD March 31, 2026 32,219 $855,737 -12.5%
SHLS June 30, 2026 97,840 $643,786 -14.2%
PSN June 30, 2026 11,310 $612,663 -19.6%
CTRA June 30, 2026 12,509 $439,566 No longer tracked
EA Dec. 31, 2025 2,036 $410,661 No longer tracked
ALHC June 30, 2026 18,820 $331,608 -64.8%
CRBG March 31, 2026 10,702 $322,879 47.4%
CFLT Dec. 31, 2025 14,837 $293,773 No longer tracked
EQR March 31, 2026 4,609 $290,551 No longer tracked
DOCU Sept. 30, 2025 3,716 $289,439 -5.4%
LKQ June 30, 2026 8,916 $261,863 -15.0%
ARE June 30, 2025 2,494 $230,720 -36.8%
UHS March 31, 2026 986 $214,968 -1.1%