Performance vs S&P 500

03
Tracked Q4 2025–Q2 2026 +9.7%
S&P 500 total return (same window) +8.7%
Excess return +1.0%

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: 89.2% · Options excluded: 0.0%

Sector breakdown

04
Communication Services 28.2%
Technology 15.5%
Retail 12.1%
Financials 11.6%
Industrials 8.3%
Energy 5.6%
Other/Unmapped 18.7%

Full portfolio 11 positions

05
Type Streak 8Q trend
GOOGL Alphabet Inc. - Class A Common Stock $68,335,219 28.18% 191,217 $13,381,640 Up ×5
QQQ Invesco QQQ Trust, Series 1 $45,432,934 18.74% 61,696 $9,823,237
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $25,747,067 10.62% 51,454 $1,090,310
CP Canadian Pacific Kansas City Limited Common Shares $20,195,373 8.33% 233,093 $1,897,327 Up ×6
MSFT Microsoft Corporation - Common Stock $19,361,603 7.99% 51,905 $-1,318,684 Down ×1
AMZN Amazon.com, Inc. - Common Stock $19,036,692 7.85% 79,872 $2,401,751
AAPL Apple Inc. - Common Stock $18,132,744 7.48% 62,665 $2,243,206 Up ×5
GRNT Granite Ridge Resources, Inc. Common Stock $13,578,390 5.60% 3,079,000 $-5,106,489 Down ×2
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $10,348,468 4.27% 107,819 $-3,178,504
SLM SLM Corporation - Common Stock $1,730,872 0.71% 66,726 $302,268
NAVI Navient Corporation - Common Stock $567,838 0.23% 66,726 $22,019

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
GOOGL $68,335,219 28.18% up ×5
CP $20,195,373 8.33% up ×6
AAPL $18,132,744 7.48% up ×5

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
GOOGL Bought more +114 +$13.4M
QQQ Price move only +0 +$9.8M
GRNT Trimmed -104K -$5.1M
BABA Price move only +0 -$3.2M
AMZN Price move only +0 +$2.4M
AAPL Bought more +56 +$2.2M
CP Bought more +446 +$1.9M
MSFT Trimmed -4K -$1.3M
BRK-B (filed as BRKB) Price move only +0 +$1.1M
SLM Price move only +0 +$302K

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
XLU March 31, 2026 958,251 $40,907,735 No longer tracked
PG Dec. 31, 2025 71,839 $11,038,062 1.8%
DHR Dec. 31, 2025 48,144 $9,545,029 -3.4%
XPO Dec. 31, 2025 72,821 $9,413,571 34.5%
AMT Dec. 31, 2025 46,780 $8,996,730 -7.6%
SBUX Dec. 31, 2025 84,614 $7,158,344 12.1%
ADP Dec. 31, 2025 22,561 $6,621,654 1.2%
ADBE Dec. 31, 2025 8,494 $2,996,258 -31.8%
QXO Dec. 31, 2025 117,271 $2,235,185 -38.4%
NGD March 31, 2026 75,000 $653,745 No longer tracked
DEO Dec. 31, 2025 5,125 $489,079 -2.7%
SKE March 31, 2026 9,500 $225,712 1.7%
IAUX Sept. 30, 2025 250,000 $149,600 No longer tracked