Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +62.1%
S&P 500 total return (same window) +37.0%
Excess return +25.1%

Annualized: +47.2% · 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: 99.4% · Options excluded: 0.0%

Sector breakdown

04
Industrials 29.9%
Technology 27.6%
Healthcare 17.0%
Financials 10.0%
Consumer Discretionary 6.7%
Communication Services 2.8%
Retail 1.3%
Materials 1.1%
Consumer products 0.9%
Consumer Staples 0.3%
Energy 0.1%
Other/Unmapped 2.3%

Full portfolio 150 positions

05
Type Streak 8Q trend
PRCH Porch Group, Inc. - Common Stock $186,400,646 6.64% 12,393,660 $95,520,989 Down ×1
SIMO Silicon Motion Technology Corporation - American Depositary Shares, each representing four ordinary shares $148,582,514 5.29% 445,752 $126,657,667 Up ×1
FPS Forgent Power Solutions, Inc. Class A Common Stock $100,972,983 3.60% 1,807,608 $40,352,354 Down ×1
INDI indie Semiconductor, Inc. - Class A Common Stock $87,195,315 3.11% 19,419,892 $21,881,353 Down ×1
VCTR Victory Capital Holdings, Inc. - Common Stock $85,349,733 3.04% 1,015,343 $14,152,347 Down ×1
FTAI FTAI Aviation Ltd. - Common Stock $79,460,613 2.83% 293,722 $-3,917,052 Down ×2
MRX Marex Group plc - Ordinary Shares $76,448,549 2.72% 1,254,283 $21,893,774 Up ×1
MOD Modine Manufacturing Company Common Stock $70,378,995 2.51% 263,572 $-11,447,667 Down ×1
CRS Carpenter Technology Corporation Common Stock $59,821,760 2.13% 96,981 $-34,564,946 Down ×3
NXT Nextpower Inc. - Class A Common Stock $59,086,053 2.11% 495,938 $7,920,534 Up ×2
MGNI Magnite, Inc. - Common Stock $58,519,345 2.09% 3,083,211 $28,184,799 Up ×1
AXON Axon Enterprise, Inc. - Common Stock $54,283,306 1.93% 96,829 $15,767,321 Up ×2
ONTO Onto Innovation Inc. Common Stock $53,576,410 1.91% 141,568 $12,830,231 Down ×1
TTMI TTM Technologies, Inc. - Common Stock $50,370,097 1.79% 269,330 $18,471,477 Down ×1
LGND Ligand Pharmaceuticals Incorporated - Common Stock $46,538,247 1.66% 147,231 $41,713,705 Up ×1
KRUS Kura Sushi USA, Inc. - Class A Common Stock $46,161,336 1.64% 801,969 $3,734,809 Up ×1
RGEN Repligen Corporation - Common Stock $45,335,055 1.62% 332,271 $35,090,253 Up ×3
APPS Digital Turbine, Inc. - Common Stock $45,075,180 1.61% 3,494,200 $24,591,609 Down ×1
LTH Life Time Group Holdings, Inc. Common Stock $44,253,693 1.58% 1,083,587 $11,912,681 Down ×3
GENI Genius Sports Limited Ordinary Shares $42,567,440 1.52% 7,024,330 $18,717,374 Up ×1
CWST Casella Waste Systems, Inc. - Class A Common Stock $42,306,944 1.51% 436,289 $22,451,157 Up ×1
QXO QXO, Inc. Common Stock $40,221,999 1.43% 2,327,662 $10,906,616 Up ×4
GNRC Generac Holdlings Inc. Common Stock $35,978,150 1.28% 122,872 $33,397,255 Up ×1
ZETA Zeta Global Holdings Corp. Class A Common Stock $34,601,612 1.23% 1,758,212 $18,291,779 Up ×1
KRNT Kornit Digital Ltd. - Ordinary Shares $34,440,217 1.23% 2,119,398 $744,632 Down ×2
TWST Twist Bioscience Corporation - Common Stock $32,395,060 1.15% 314,882 Up ×1
DAVE Dave Inc. - Class A Common Stock $31,631,773 1.13% 84,897 $20,235,493 Up ×2
SIBN SI-BONE, Inc. - Common Stock $31,516,890 1.12% 1,931,182 $9,552,095 Up ×2
FROG JFrog Ltd. - Ordinary shares $27,235,191 0.97% 299,683 $21,129,457 Up ×1
FIGR Figure Technology Solutions, Inc. - Class A Common Stock $25,867,217 0.92% 842,306 $-5,889,613 Down ×1
CLBT Cellebrite DI Ltd. - Ordinary Shares $24,252,980 0.86% 1,661,163 $280,686 Down ×2
GTES Gates Industrial Corporation plc Ordinary Shares $23,591,045 0.84% 843,441 $6,077,249 Up ×1
GLBE Global-E Online Ltd. - ordinary shares $21,995,447 0.78% 633,327 $5,121,453 Up ×1
GRAL GRAIL, Inc. - Common Stock $21,926,686 0.78% 321,176 $19,361,911 Up ×1
RBC RBC Bearings Incorporated Common Stock $21,908,989 0.78% 34,017 $1,002,671 Down ×2
CAVA CAVA Group, Inc. Common Stock $20,829,455 0.74% 265,411 $-3,755,327 Down ×1
KIDS OrthoPediatrics Corp. - Common Stock $20,774,491 0.74% 1,085,964 $6,543,211 Up ×2
MTRN Materion Corporation $20,755,740 0.74% 69,793 $-142,713 Down ×1
DSGX The Descartes Systems Group Inc. - Common Stock $20,582,075 0.73% 297,257 $16,628,170 Up ×2
Unknown issuer (CUSIP: 74768A104) $19,089,560 0.68% 233,540 Up ×1
TOST Toast, Inc. Class A Common Stock $19,077,593 0.68% 685,751 $8,498,327 Up ×1
TCBI Texas Capital Bancshares, Inc. - Common Stock $19,008,824 0.68% 184,087 $2,749,523 Up ×1
SN SharkNinja, Inc. Ordinary Shares $18,922,745 0.67% 124,271 $4,971,691 Down ×1
CELC Celcuity Inc. - Common Stock $18,732,525 0.67% 179,053 $8,593,126 Up ×3
UMAC CUSIP: 91532F102 $18,494,014 0.66% 829,328 $5,889,984 Down ×2
FWRG First Watch Restaurant Group, Inc. - Common Stock $17,580,052 0.63% 1,363,852 $6,177,424 Up ×1
NTNX Nutanix, Inc. - Class A Common Stock $17,165,978 0.61% 336,852 $11,224,331 Up ×2
LASR nLIGHT, Inc. - Common Stock $16,499,313 0.59% 236,991 $5,935,161 Up ×1
VECO Veeco Instruments Inc. - Common Stock $15,526,645 0.55% 204,837 $9,000,773 Up ×1
STOK Stoke Therapeutics, Inc. - Common Stock $15,103,814 0.54% 461,608 $4,177,134 Up ×2
BLFS BioLife Solutions, Inc. - Common Stock $14,725,183 0.52% 521,430 $948,335 Down ×1
AVAV AeroVironment, Inc. - Common Stock $14,325,270 0.51% 86,783 $6,868,545 Up ×1
ARLO Arlo Technologies, Inc. Common Stock $13,817,674 0.49% 1,025,050 $-2,824,169 Down ×1
ALGM Allegro MicroSystems, Inc. - Common Stock $12,911,795 0.46% 185,461 $6,132,813 Down ×1
MEC Mayville Engineering Company, Inc. Common Stock $12,141,086 0.43% 324,108 $5,185,999 Down ×1
CHYM Chime Financial, Inc. - Class A Common Stock $11,947,643 0.43% 583,381 $3,591,216 Up ×2
YSS York Space Systems Inc. Common Stock $11,526,838 0.41% 468,190 $-9,925,076 Down ×1
ALKT Alkami Technology, Inc. - Common Stock $11,375,392 0.41% 627,781 $7,412,950 Up ×1
Unknown issuer (CUSIP: 04339D105) $11,128,184 0.40% 241,183 Up ×1
DOCN DigitalOcean Holdings, Inc. Common Stock $11,047,689 0.39% 70,354 $8,156,989 Up ×1
RDNT RadNet, Inc. - Common Stock $10,584,854 0.38% 171,637 $4,756,533 Up ×1
JBTM JBT Marel Corporation Common Stock $10,491,620 0.37% 72,356 $2,408,702 Up ×2
IRTC iRhythm Holdings, Inc. - Common Stock $9,980,262 0.36% 83,903 $-1,352,254 Down ×1
AGYS Agilysys, Inc. - Common Stock $9,904,197 0.35% 94,777 $7,236,447 Up ×1
SNDX Syndax Pharmaceuticals, Inc. - Common Stock $9,771,158 0.35% 446,988 $2,615,499 Up ×1
KNSA Kiniksa Pharmaceuticals International, plc - Class A Ordinary Shares $9,702,814 0.35% 151,725 $-372,862 Down ×2
WSC WillScot Holdings Corporation - Class A Common Stock $9,701,924 0.35% 336,172 $3,178,314 Down ×1
OKTA Okta, Inc. - Class A Common Stock $9,315,578 0.33% 68,271 $6,100,825 Up ×1
RYTM Rhythm Pharmaceuticals, Inc. - Common Stock $9,245,468 0.33% 83,270 $2,487,116 Up ×4
LPTH LightPath Technologies, Inc. - Class A Common Stock $9,205,786 0.33% 563,045 $1,646,967 Down ×1
OWLT Owlet, Inc. Class A Common Stock $9,157,705 0.33% 1,595,419 $3,058,298 Up ×5
SRRK Scholar Rock Holding Corporation - Common Stock $9,006,745 0.32% 163,759 $1,322,349 Up ×4
CHEF The Chefs' Warehouse, Inc. - Common Stock $8,955,271 0.32% 93,187 $2,142,360 Down ×1
TSHA Taysha Gene Therapies, Inc. - Common Stock $8,888,255 0.32% 1,305,177 $4,940,168 Up ×2
LSCC Lattice Semiconductor Corporation - Common Stock $8,848,430 0.32% 57,848 $2,999,541 Down ×1
RMBS Rambus, Inc. - Common Stock $8,793,361 0.31% 66,245 $-15,316,202 Down ×1
HQY HealthEquity, Inc. - Common Stock $8,789,762 0.31% 97,318 $-1,414,051 Down ×1
ZYME Zymeworks Inc. - Common Stock $8,787,144 0.31% 336,157 $2,507,788 Up ×2
CECO CECO Environmental Corp. - Common Stock $8,604,239 0.31% 94,823 $3,079,505 Up ×1
ALHC Alignment Healthcare, Inc. - Common Stock $8,451,907 0.30% 354,973 $-5,300,503 Down ×1
MP MP Materials Corp. Common Stock $8,325,999 0.30% 148,652 $1,634,364 Up ×2
IMNM Immunome, Inc. - Common Stock $8,021,305 0.29% 378,542 $1,306,756 Up ×1
IMVT Immunovant, Inc. - Common Stock $7,951,513 0.28% 206,372 $1,879,872 Down ×1
EWTX Edgewise Therapeutics, Inc. - Common Stock $7,873,200 0.28% 193,778 $1,546,645 Down ×4
XENE Xenon Pharmaceuticals Inc. - Common Shares $7,813,179 0.28% 129,443 $1,737,783 Up ×3
AIP Arteris, Inc. - Common Stock $7,794,565 0.28% 160,415 $-3,928,421 Down ×1
RGTI Rigetti Computing, Inc. - Common stock $7,634,820 0.27% 395,177 $3,047,657 Up ×2
DYN Dyne Therapeutics, Inc. - Common Stock $7,519,529 0.27% 338,565 Up ×1
ATEX Anterix Inc. - Common Stock $7,424,136 0.26% 72,121 Up ×1
BBIO BridgeBio Pharma, Inc. - Common Stock $7,383,202 0.26% 99,130 $-258,969 Down ×1
SYRE Spyre Therapeutics, Inc. - Common Stock $7,367,941 0.26% 82,991 Up ×1
GWRE Guidewire Software, Inc. Common Stock $7,221,681 0.26% 58,689 Up ×1
KRMN Karman Holdings Inc. Common Stock $7,215,636 0.26% 144,544 Up ×1
EVLV Evolv Technologies Holdings, Inc. - Class A Common Stock $7,168,533 0.26% 1,235,954 Up ×1
IRMD iRadimed Corporation - Common Stock $7,163,751 0.26% 74,966 $6,692,077 Up ×2
XERS Xeris Biopharma Holdings, Inc. - Common Stock $7,118,124 0.25% 898,753 $1,771,371 Down ×2
BETA Beta Technologies, Inc. Class A Common Stock $7,076,758 0.25% 422,493 $726,975 Down ×2
NTSK Netskope, Inc. - Class A Common Stock $6,641,236 0.24% 607,060 $3,520,499 Up ×3
CRVL CorVel Corp. - Common Stock $6,600,174 0.24% 105,569 $2,233,858 Up ×3
CALY Callaway Golf Company Common Stock $6,429,431 0.23% 342,173 $559,301 Down ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
RGEN $45,335,055 1.62% up ×3
QXO $40,221,999 1.43% up ×4
CELC $18,732,525 0.67% up ×3
RYTM $9,245,468 0.33% up ×4
OWLT $9,157,705 0.33% up ×5
SRRK $9,006,745 0.32% up ×4
XENE $7,813,179 0.28% up ×3
NTSK $6,641,236 0.24% up ×3
CRVL $6,600,174 0.24% up ×3
MEG $5,248,598 0.19% up ×3
BBNX $4,695,233 0.17% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
TWST $32,395,060 314,882 1.15%
Unknown issuer (CUSIP: 74768A104) $19,089,560 233,540 0.68%
Unknown issuer (CUSIP: 04339D105) $11,128,184 241,183 0.40%
DYN $7,519,529 338,565 0.27%
ATEX $7,424,136 72,121 0.26%
SYRE $7,367,941 82,991 0.26%
GWRE $7,221,681 58,689 0.26%
KRMN $7,215,636 144,544 0.26%
EVLV $7,168,533 1,235,954 0.26%
FOUR $6,427,825 132,151 0.23%
GRBK $6,019,088 75,201 0.21%
MAMA $5,891,785 330,072 0.21%
AEIS $5,746,672 15,412 0.20%
ORKA $4,857,286 51,038 0.17%
Unknown issuer (CUSIP: 337185102) $4,794,676 238,304 0.17%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
PRCH Trimmed -281K +$95.5M
FPS Trimmed -263K +$40.4M
RGEN Bought more +245K +$35.1M
CRS Trimmed -142K -$34.6M
MGNI Bought more +530K +$28.2M
APPS Trimmed -3.6M +$24.6M
CWST Bought more +186K +$22.5M
MRX Bought more +31K +$21.9M
INDI Trimmed -864K +$21.9M
FROG Bought more +170K +$21.1M

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
ODD March 31, 2026 1,523,204 $61,202,337 56.0%
FIX June 30, 2026 26,027 $35,890,973 -32.1%
SMTC June 30, 2026 370,642 $28,498,663 -9.2%
CRCL Sept. 30, 2025 138,732 $25,150,724 -38.4%
SRAD June 30, 2026 1,439,659 $24,099,892 -17.8%
KVYO March 31, 2026 605,271 $19,653,149 5.6%
WLTH March 31, 2026 1,386,092 $18,836,990 12.4%
PAR Sept. 30, 2025 260,529 $18,072,897 -56.6%
FOUR Dec. 31, 2025 196,810 $15,233,094 -39.5%
HUBS March 31, 2026 37,831 $15,181,580 2.0%
PCTY Sept. 30, 2025 81,064 $14,687,986 5.8%
PSTG Sept. 30, 2025 252,138 $14,518,106 No longer tracked
KLC June 30, 2025 1,228,286 $14,235,835 -80.7%
STRL June 30, 2026 34,332 $13,982,394 -53.7%
COMP June 30, 2026 1,885,312 $13,781,631 -25.6%
ETOR Sept. 30, 2025 198,140 $13,194,143 -42.8%
EVH June 30, 2025 1,361,830 $12,896,530 -61.5%
BPMC June 30, 2025 144,756 $12,812,354 No longer tracked
SPT Sept. 30, 2025 519,517 $10,863,100 -3.1%
HQY Sept. 30, 2025 100,417 $10,519,685 6.9%
LITE March 31, 2026 28,498 $10,504,078 30.1%
STKL March 31, 2026 2,670,652 $10,148,478 No longer tracked
RDDT June 30, 2025 96,630 $10,136,487 -10.5%
STEP June 30, 2026 211,626 $10,098,793 3.9%
NCLH Dec. 31, 2025 401,759 $9,895,324 -28.0%
CYBR Sept. 30, 2025 20,558 $8,364,639 No longer tracked
PHR June 30, 2026 987,607 $8,276,147 20.2%
PTC Sept. 30, 2025 42,662 $7,352,369 -4.0%
GLOB June 30, 2025 60,368 $7,106,521 -52.4%
ALAB Sept. 30, 2025 78,456 $7,093,992 51.8%
CORZ Sept. 30, 2025 411,173 $7,018,723 -16.4%
VITL March 31, 2026 216,551 $6,916,639 -34.5%
LENZ March 31, 2026 431,100 $6,897,600 -64.9%
CSGP June 30, 2026 161,047 $6,496,636 -2.8%
LIFE June 30, 2026 580,595 $6,485,246 136.1%
ACVA Dec. 31, 2025 651,344 $6,454,819 No longer tracked
SEAT (filed as SEATXXXX) June 30, 2025 2,123,080 $6,284,317
MRUS Dec. 31, 2025 66,208 $6,233,483 No longer tracked
WGS June 30, 2026 96,605 $6,203,973 -5.8%
NTLA Dec. 31, 2025 342,586 $5,916,460 48.2%
EXAS March 31, 2026 57,212 $5,810,451 No longer tracked
KNF Sept. 30, 2025 69,149 $5,645,324 -29.4%
CVLT March 31, 2026 44,706 $5,604,344 113.7%
ELF March 31, 2026 73,239 $5,569,094 90.4%
FN June 30, 2026 10,431 $5,439,975 -34.7%
PRO Sept. 30, 2025 341,738 $5,351,617 No longer tracked
CRDO June 30, 2026 56,099 $5,266,013 -36.1%
TSEM June 30, 2026 29,902 $5,247,203 -25.8%
EVER June 30, 2025 200,076 $5,239,990 -11.2%
POWL Dec. 31, 2025 16,764 $5,109,835
BELFB March 31, 2026 29,884 $5,069,223 15.0%
GRBK Dec. 31, 2025 61,870 $4,569,718 0.4%
NUVL June 30, 2026 43,003 $4,405,657 No longer tracked
MGRC June 30, 2025 39,043 $4,349,390 2.4%
QLYS Sept. 30, 2025 30,416 $4,345,534 68.9%
VITL June 30, 2025 138,691 $4,225,915 -76.0%
IONQ June 30, 2026 146,012 $4,209,526 -39.1%
CALY Dec. 31, 2025 440,926 $4,188,797 25.3%
SLAB March 31, 2026 32,019 $4,184,883 6.5%
RVMD June 30, 2026 42,573 $4,140,224 0.8%
GTLS June 30, 2025 28,151 $4,063,878 No longer tracked
CERT March 31, 2026 460,797 $4,059,622 101.4%
RCUS March 31, 2026 169,940 $4,049,670 -14.9%
SMMT Sept. 30, 2025 185,640 $3,950,419 -23.7%
SLNO June 30, 2026 114,825 $3,844,341 No longer tracked
APLS June 30, 2025 175,696 $3,842,472 No longer tracked
MLTX Sept. 30, 2025 80,362 $3,793,086 71.7%
CFLT Dec. 31, 2025 191,479 $3,791,284 No longer tracked
CIEN Dec. 31, 2025 24,612 $3,585,230 55.3%
SPIR Sept. 30, 2025 282,333 $3,359,763 -12.2%
NTRA Dec. 31, 2025 20,419 $3,286,846 85.3%
RXST June 30, 2025 129,721 $3,275,455 -62.3%
NOVT June 30, 2025 25,610 $3,274,751 16.9%
SHLS March 31, 2026 363,482 $3,089,597 14.9%
VERX March 31, 2026 150,299 $3,001,471 24.6%
CMCO Sept. 30, 2025 184,535 $2,817,849 5.0%
PRTA Sept. 30, 2025 461,082 $2,798,768 -6.8%
FIVN June 30, 2025 102,682 $2,787,816 42.1%
VRNS March 31, 2026 84,421 $2,769,009 127.8%
IDCC Dec. 31, 2025 7,455 $2,573,690 0.7%
SPSC March 31, 2026 28,004 $2,495,997 53.7%
CLS Sept. 30, 2025 15,619 $2,438,282 21.7%
RDW March 31, 2026 316,942 $2,408,759 6.0%
STVN June 30, 2025 115,889 $2,366,453 -20.5%
NEOG June 30, 2026 250,026 $2,322,742 34.8%
NEXN Dec. 31, 2025 241,710 $2,235,818 30.7%
WEAV March 31, 2026 280,610 $2,129,830 No longer tracked
TALK March 31, 2026 581,666 $2,111,448 No longer tracked
INSM Dec. 31, 2025 13,402 $1,930,022 -44.3%
AVPT Sept. 30, 2025 99,393 $1,919,279 14.6%
PTLO June 30, 2025 156,707 $1,863,246 -61.7%
REAX June 30, 2025 441,361 $1,791,926 -67.8%
SG Dec. 31, 2025 214,411 $1,711,000 66.3%
COCO June 30, 2025 52,337 $1,604,129 56.1%
HASI June 30, 2025 54,753 $1,600,978 37.1%
OPRX March 31, 2026 117,122 $1,435,916 48.1%
RCAT June 30, 2026 109,603 $1,434,703 -53.9%
AGIO Sept. 30, 2025 41,886 $1,393,128 -5.0%
AZTA June 30, 2026 40,996 $866,245 59.2%
FSV Sept. 30, 2025 4,792 $836,779 -27.1%
ALGM June 30, 2025 31,956 $803,054 3.5%
GSHD Sept. 30, 2025 7,356 $776,132 -37.8%
PRSU Sept. 30, 2025 19,617 $565,558 48.3%
AMPX March 31, 2026 64,382 $507,974 -45.7%
IWO March 31, 2026 1,126 $363,709
CTSO June 30, 2025 358,418 $358,418 -79.5%
HBIO Dec. 31, 2025 603,519 $264,643
RDW Sept. 30, 2025 14,270 $232,601 0.2%
LOVE June 30, 2025 12,663 $230,213 -15.9%
TGEN June 30, 2026 88,496 $226,550 No longer tracked
CHEF June 30, 2025 3,674 $200,086 68.3%
BMRA June 30, 2025 87,968 $49,878 -44.6%