Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +15.3%
S&P 500 total return (same window) +37.0%
Excess return -21.7%

Annualized: +12.1% · 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: 99.0% · Options excluded: 0.0%

Sector breakdown

04
Communication Services 42.9%
Technology 13.9%
Financials 12.3%
Healthcare 5.1%
Retail 4.3%
Consumer Staples 4.1%
Utilities 3.7%
Industrials 3.6%
Consumer Discretionary 2.4%
Energy 2.3%
Consumer products 1.9%
Materials 0.2%
Other/Unmapped 3.3%

Full portfolio 84 positions

05
Type Streak 8Q trend
DIS Walt Disney Company (The) Common Stock $65,031,409 38.56% 675,651 $317,556
MSFT Microsoft Corporation - Common Stock $5,803,531 3.44% 15,558 $23,356 Up ×4
AAPL Apple Inc. - Common Stock $4,364,076 2.59% 15,082 $463,748 Down ×1
PNC PNC Financial Services Group, Inc. (The) Common Stock $3,911,048 2.32% 15,884 $505,175 Down ×1
QCOM QUALCOMM Incorporated - Common Stock $3,498,325 2.07% 18,931 $727,594 Down ×1
USB U.S. Bancorp Common Stock $3,485,201 2.07% 57,702 $379,623 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $3,426,464 2.03% 9,588 $442,731 Down ×1
JPM JP Morgan Chase & Co. Common Stock $3,388,451 2.01% 10,352 $302,792 Down ×1
SBUX Starbucks Corporation - Common Stock $3,331,701 1.98% 32,603 $219,477 Down ×1
HD Home Depot, Inc. (The) Common Stock $3,262,643 1.93% 9,251 $735,715 Up ×5
AMGN Amgen Inc. - Common Stock $3,169,998 1.88% 8,754 $320,118 Up ×1
PG Procter & Gamble Company (The) Common Stock $3,160,516 1.87% 21,553 $1,690,513 Up ×1
AEP American Electric Power Company, Inc. - Common Stock $3,016,282 1.79% 22,047 $213,776 Up ×1
NEE NextEra Energy, Inc. Common Stock $3,000,173 1.78% 34,182 $81,403 Up ×1
MS Morgan Stanley Common Stock $2,996,654 1.78% 14,335 $257,777 Down ×3
PEP PepsiCo, Inc. - Common Stock $2,985,796 1.77% 22,052 $-112,526 Up ×1
TXN Texas Instruments Incorporated - Common Stock $2,957,584 1.75% 9,922 $-118,017 Down ×1
MDT Medtronic plc. Ordinary Shares $2,722,248 1.61% 34,798 $-4,044 Up ×5
MTB M&T Bank Corporation Common Stock $2,581,932 1.53% 10,848 $281,599 Up ×1
LMT Lockheed Martin Corporation Common Stock $2,455,088 1.46% 4,819 $-569,798
TGT Target Corporation Common Stock $2,044,438 1.21% 15,653 $-223,334 Down ×1
ADP Automatic Data Processing, Inc. - Common Stock $1,916,564 1.14% 8,558 $1,004,188 Up ×1
CMCSA Comcast Corporation - Class A Common Stock $1,913,525 1.13% 77,944 $102,284 Up ×2
BK The Bank of New York Mellon Corporation Common Stock $1,807,095 1.07% 12,496 $-336,273 Down ×6
TSN Tyson Foods, Inc. Common Stock $1,785,570 1.06% 31,189 $388,282 Up ×3
AIQ Global X Artificial Intelligence & Technology ETF $1,587,762 0.94% 24,200 $429,792
STZ Constellation Brands, Inc. Common Stock $1,457,246 0.86% 10,477 $433,046 Up ×3
TSM Taiwan Semiconductor Manufacturing Company Ltd. $1,207,297 0.72% 2,528 $332,947 Down ×1
AMLP ALPS ETF Trust $1,171,447 0.69% 22,593 $-178,072 Down ×1
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $1,117,470 0.66% 1,158 $504,853 Down ×1
NVDA NVIDIA Corporation - Common Stock $1,024,876 0.61% 5,122 $101,422 Down ×1
AMD Advanced Micro Devices, Inc. - Common Stock $993,356 0.59% 1,710 $623,401 Up ×1
ABBV AbbVie Inc. Common Stock $993,326 0.59% 3,947 $180,793 Up ×2
AMZN Amazon.com, Inc. - Common Stock $958,603 0.57% 4,022 $-549,544 Down ×4
ASML ASML Holding N.V. - New York Registry Shares $843,523 0.50% 424 $283,056 Down ×3
SOXL Direxion Daily Semiconductor Bull 3X ETF $775,859 0.46% 2,909 Up ×1
AVGO Broadcom Inc. - Common Stock $735,857 0.44% 1,948 $129,701 Up ×1
BX Blackstone Inc. Common Stock $710,844 0.42% 6,041 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $679,328 0.40% 1,206 $-3,256 Up ×1
PM Philip Morris International Inc Common Stock $656,595 0.39% 3,629 $84,487 Down ×3
WMB Williams Companies, Inc. (The) Common Stock $654,935 0.39% 8,810 $2,643
IWS iShares Russell Mid-Cap Value ETF $625,480 0.37% 3,800 $62,966
RSP Invesco Exchange-Traded Fund Trust $542,159 0.32% 2,548 $-77,543 Down ×2
OKE ONEOK, Inc. Common Stock $541,897 0.32% 6,233 $-78,375 Down ×2
ABT Abbott Laboratories Common Stock $539,812 0.32% 5,949 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $536,918 0.32% 1,073 $8,640 Down ×1
IWF iShares Russell 1000 Growth Fund $533,203 0.32% 4,294 $69,478 Up ×2
GOOG Alphabet Inc. - Class C Capital Stock $532,117 0.32% 1,506 $78,957 Up ×1
MCD McDonald's Corporation Common Stock $508,723 0.30% 1,882 Up ×1
PSX Phillips 66 Common Stock $478,146 0.28% 2,828 $-15,905
SE Sea Limited American Depositary Shares, each representing one Class A Ordinary Share $476,754 0.28% 4,975 $71,988
PWR Quanta Services, Inc. Common Stock $468,026 0.28% 650 $106,905
ET Energy Transfer LP Common Units $408,937 0.24% 21,388 $-60,723 Down ×2
ANET Arista Networks, Inc. Common Stock $407,712 0.24% 2,400 $86,976
ORCL Oracle Corporation Common Stock $398,469 0.24% 2,719 $8,617 Down ×1
XYL Xylem Inc. Common Stock New $396,713 0.24% 3,356 $-20,337
LLY Eli Lilly and Company Common Stock $391,014 0.23% 326 $92,134 Up ×2
EPD Enterprise Products Partners L.P. Common Stock $361,494 0.21% 9,834 $-16,085 Up ×4
NVS Novartis AG Common Stock $342,747 0.20% 2,187 $103,819 Up ×1
TRP TC Energy Corporation Common Stock $339,471 0.20% 5,121
ENB Enbridge Inc Common Stock $328,838 0.19% 6,066 $-3,913 Down ×1
LIN Linde plc - Ordinary Shares $327,451 0.19% 631 $15,365
PH Parker-Hannifin Corporation Common Stock $314,007 0.19% 321 $20,926
COST Costco Wholesale Corporation - Common Stock $307,770 0.18% 329 $-20,510 Up ×1
CP Canadian Pacific Kansas City Limited Common Shares $305,788 0.18% 3,529 $23,186
FANG Diamondback Energy, Inc. - Common Stock $304,099 0.18% 1,730 $-42,914 Down ×1
SPOT Spotify Technology S.A. Ordinary Shares $303,485 0.18% 661 $32,421 Up ×1
UBS UBS Group AG Registered Ordinary Shares $302,514 0.18% 6,104 $60,979
PBA Pembina Pipeline Corp. Ordinary Shares (Canada) $277,341 0.16% 5,997 $7,499 Down ×2
SMH SMH $274,888 0.16% 419 $-429,778 Down ×1
AZN AstraZeneca PLC - American Depositary Shares $271,157 0.16% 1,430 Up ×1
ACN Accenture plc Class A Ordinary Shares (Ireland) $269,661 0.16% 2,167 $-853,371 Down ×1
ACGL Arch Capital Group Ltd. - Common Stock $269,536 0.16% 2,777 $389
TEVA Teva Pharmaceutical Industries Limited American Depositary Shares $253,727 0.15% 7,489 $34,075
QQQ Invesco QQQ Trust, Series 1 $251,193 0.15% 341 $-638,340 Down ×1
FERG Ferguson Enterprises Inc. Common Stock $228,549 0.14% 963 $1,358
NGG National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares $226,401 0.13% 2,732 Up ×1
AON Aon plc Class A Ordinary Shares (Ireland) $226,213 0.13% 682 $6,288
IBN ICICI Bank Limited Common Stock $214,358 0.13% 7,384
NOW ServiceNow, Inc. Common Stock $208,488 0.12% 2,100
NU Nu Holdings Ltd. Class A Ordinary Shares $204,395 0.12% 15,299 $-12,086
CNQ Canadian Natural Resources Limited Common Stock $200,542 0.12% 5,077 $-49,043
ORLY O'Reilly Automotive, Inc. - Common Stock $200,296 0.12% 2,175
LYG Lloyds Banking Group Plc American Depositary Shares $186,665 0.11% 32,018 $20,171

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
MSFT $5,803,531 3.44% up ×4
HD $3,262,643 1.93% up ×5
MDT $2,722,248 1.61% up ×5
TSN $1,785,570 1.06% up ×3
STZ $1,457,246 0.86% up ×3
EPD $361,494 0.21% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
SOXL $775,859 2,909 0.46%
BX $710,844 6,041 0.42%
ABT $539,812 5,949 0.32%
MCD $508,723 1,882 0.30%
TRP $339,471 5,121 0.20%
AZN $271,157 1,430 0.16%
NGG $226,401 2,732 0.13%
IBN $214,358 7,384 0.13%
NOW $208,488 2,100 0.12%
ORLY $200,296 2,175 0.12%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
PG Bought more +11K +$1.7M
ADP Bought more +4K +$1.0M
ACN Trimmed -4K -$853K
HD Bought more +1K +$736K
QCOM Trimmed -3K +$728K
QQQ Trimmed -1K -$638K
AMD Bought more +40 +$623K
LMT Price move only +0 -$570K
AMZN Trimmed -3K -$550K
PNC Trimmed -37 +$505K

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
ITT June 30, 2026 19,824 $3,890,460 4.3%
UNP Sept. 30, 2025 10,136 $2,332,091 17.2%
TSLA June 30, 2026 4,549 $1,576,911 -10.0%
GD March 31, 2026 4,339 $1,460,768 -3.4%
PFE June 30, 2025 47,033 $1,191,816 13.1%
CSCO March 31, 2026 10,957 $844,018 45.4%
XOM June 30, 2026 3,943 $646,357 20.0%
MPLX March 31, 2026 10,621 $566,862 0.5%
VYM June 30, 2026 3,564 $531,375
JPST June 30, 2026 7,110 $358,893
SAP March 31, 2026 1,433 $348,090 21.3%
NVO June 30, 2025 4,674 $324,563 -45.6%
AZN June 30, 2025 4,276 $314,286 12.0%
VO June 30, 2026 1,066 $310,418 -0.4%
ORLY Dec. 31, 2025 2,794 $301,221 -8.0%
SHOP June 30, 2026 2,424 $283,753 40.2%
CQP March 31, 2026 5,058 $270,504 -2.1%
IJR June 30, 2026 2,120 $268,181 -6.8%
AZN March 31, 2026 2,861 $263,012 -20.6%
MNDY Sept. 30, 2025 836 $262,905 -57.3%
STE June 30, 2025 1,150 $260,648 -12.1%
NOW March 31, 2026 1,655 $253,529 30.2%
ICLR June 30, 2025 1,394 $243,936 15.7%
HESM March 31, 2026 6,922 $238,818 -1.2%
CRM Sept. 30, 2025 872 $237,786 -3.0%
NFLX June 30, 2026 2,400 $237,168 -5.5%
CPNG March 31, 2026 9,996 $235,806 -24.8%
TRP March 31, 2026 4,017 $220,975 -5.0%
IBN March 31, 2026 7,384 $220,043 7.1%
RACE Dec. 31, 2025 442 $214,467 3.7%
MA Sept. 30, 2025 376 $211,289 -0.7%
XLI June 30, 2026 1,263 $207,564 -8.2%
MELI March 31, 2026 103 $207,469 7.6%
UBER June 30, 2025 2,835 $206,558 -25.5%
DVY June 30, 2026 1,358 $206,007
ISRG June 30, 2026 443 $200,657 2.2%