Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +19.9%
S&P 500 total return (same window) +37.0%
Excess return -17.1%

Annualized: +15.7% · 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: 95.8% · Options excluded: 0.0%

Sector breakdown

04
Technology 23.5%
Financials 15.8%
Retail 10.3%
Communication Services 9.6%
Healthcare 7.6%
Industrials 6.0%
Energy 4.2%
Materials 3.9%
Utilities 2.9%
Consumer products 1.4%
Consumer Staples 1.3%
Real Estate 0.7%
Consumer Discretionary 0.0%
Other/Unmapped 12.7%

Full portfolio 133 positions

05
Type Streak 8Q trend
NVDA NVIDIA Corporation - Common Stock $5,122,704 3.70% 25,602 $-1,123,781 Down ×4
GOOGL Alphabet Inc. - Class A Common Stock $5,111,106 3.69% 14,302 $-1,953,381 Down ×5
V Visa Inc. $4,742,190 3.43% 13,822 $-643,727 Down ×6
AAPL Apple Inc. - Common Stock $4,698,628 3.40% 16,238 $-1,457,810 Down ×6
MU Micron Technology, Inc. - Common Stock $4,416,314 3.19% 3,826 $3,368,672 Up ×1
MSFT Microsoft Corporation - Common Stock $4,220,721 3.05% 11,315 $-1,418,449 Down ×1
AMZN Amazon.com, Inc. - Common Stock $3,779,357 2.73% 15,857 $-2,674,305 Down ×6
VEA VANGUARD TAX-MANAGED FUNDS $3,638,381 2.63% 51,065 $889,349 Up ×1
AVGO Broadcom Inc. - Common Stock $3,622,245 2.62% 9,589 $628,974 Down ×5
META Meta Platforms, Inc. - Class A Common Stock $3,558,303 2.57% 6,317 $-1,772,232 Down ×6
JPM JP Morgan Chase & Co. Common Stock $3,508,323 2.54% 10,718 $-1,121,755 Down ×1
PANW Palo Alto Networks, Inc. - Common Stock $3,276,861 2.37% 9,609 $1,099,234 Down ×6
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $3,200,995 2.31% 6,397 $-821,889 Down ×6
APD Air Products and Chemicals, Inc. Common Stock $3,179,537 2.30% 10,845 $-1,422,115 Down ×1
HD Home Depot, Inc. (The) Common Stock $3,044,334 2.20% 8,632 $-615,883 Down ×5
AMP Ameriprise Financial, Inc. Common Stock $3,012,218 2.18% 6,566 $-1,671,314 Down ×6
EFA iShares Trust $2,913,938 2.11% 28,051 $195,949 Up ×1
ROST Ross Stores, Inc. - Common Stock $2,761,516 2.00% 12,974 $-1,785,548 Down ×6
MTZ MasTec, Inc. Common Stock $2,703,142 1.95% 6,497 $315,831 Down ×5
WMB Williams Companies, Inc. (The) Common Stock $2,654,830 1.92% 35,712 $-1,726,744 Down ×6
TMO Thermo Fisher Scientific Inc Common Stock $2,566,963 1.85% 5,120 $-2,155,166 Down ×1
SCHW Charles Schwab Corporation (The) Common Stock $2,556,433 1.85% 27,706 $-967,159 Down ×1
SYK Stryker Corporation Common Stock $2,429,935 1.76% 7,718 $-1,400,110 Down ×3
LLY Eli Lilly and Company Common Stock $2,412,054 1.74% 2,011 $-361,053 Down ×1
COST Costco Wholesale Corporation - Common Stock $2,298,450 1.66% 2,457 $-2,142,639 Down ×6
USB U.S. Bancorp Common Stock $2,166,971 1.57% 35,877 $298,148 Down ×3
ECL Ecolab Inc. Common Stock $2,137,775 1.54% 7,673 $-1,765,004 Down ×4
AMGN Amgen Inc. - Common Stock $2,113,694 1.53% 5,837 $-1,699,304 Down ×1
AEP American Electric Power Company, Inc. - Common Stock $2,010,423 1.45% 14,695 $-434,088 Down ×3
PG Procter & Gamble Company (The) Common Stock $1,950,708 1.41% 13,303 $-692,356 Down ×3
TXN Texas Instruments Incorporated - Common Stock $1,938,349 1.40% 6,503 $675,857
UBER Uber Technologies, Inc. Common Stock $1,813,669 1.31% 25,134 $6,212 Up ×5
PEP PepsiCo, Inc. - Common Stock $1,802,445 1.30% 13,312 $-1,040,138 Down ×1
SPOT Spotify Technology S.A. Ordinary Shares $1,763,059 1.27% 3,840 $124,063 Up ×3
IJH iShares Trust $1,707,678 1.23% 22,146 $213,982 Up ×2
KLAC KLA Corporation - Common Stock $1,656,388 1.20% 5,490 $-2,517,894 Up ×1
CAT Caterpillar, Inc. Common Stock $1,520,677 1.10% 1,428 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $1,457,486 1.05% 4,125 $238,331 Down ×6
IJR iShares Trust $1,451,213 1.05% 9,785 $237,450 Up ×2
WSM Williams-Sonoma, Inc. Common Stock (DE) $1,376,689 0.99% 5,906 $299,848
VCTR Victory Capital Holdings, Inc. - Common Stock $1,311,336 0.95% 15,600 $289,848
NFLX Netflix, Inc. - Common Stock $1,282,987 0.93% 17,969 $-1,497,863 Down ×2
CRM Salesforce, Inc. Common Stock $1,156,621 0.84% 7,383 $-1,026,111 Down ×2
SU Suncor Energy Inc. Common Stock $1,148,752 0.83% 21,400 $-266,002
Unknown issuer (CUSIP: 438516205) $1,104,947 0.80% 4,935 Up ×1
Unknown issuer (CUSIP: 43849R105) $1,091,030 0.79% 4,935 Up ×1
NEE NextEra Energy, Inc. Common Stock $1,058,770 0.77% 12,063 $-990,441 Down ×3
LMT Lockheed Martin Corporation Common Stock $1,047,450 0.76% 2,056 $-194,571 Up ×1
MELI MercadoLibre, Inc. - Common Stock $1,001,460 0.72% 590 $-874,527 Down ×1
COP ConocoPhillips Common Stock $975,457 0.70% 9,383 $-263,495 Down ×1
EQIX Equinix, Inc. - Common Stock $971,507 0.70% 932 $57,923
SCHG SCHWAB STRATEGIC TRUST $970,430 0.70% 28,677 $142,351 Up ×1
ACN Accenture plc Class A Ordinary Shares (Ireland) $916,998 0.66% 7,369 $-1,544,772 Down ×1
CEG Constellation Energy Corporation - Common Stock When-Issued $892,890 0.65% 3,595 $-102,916 Up ×2
SCHX SCHWAB STRATEGIC TRUST $838,902 0.61% 28,505 $109,829 Up ×1
BSX Boston Scientific Corporation Common Stock $837,595 0.61% 19,625 $224,214 Up ×1
XOM Exxon Mobil Corporation Common Stock $799,675 0.58% 5,849 $-192,497 Up ×1
CB Chubb Limited Common Stock $754,739 0.55% 2,215 $-944,986 Down ×1
ORCL Oracle Corporation Common Stock $676,328 0.49% 4,615 $-1,261 Up ×3
SCHB SCHWAB STRATEGIC TRUST $672,451 0.49% 23,220 $89,629
BSCQ Invesco BulletShares 2026 Corporate Bond ETF $591,900 0.43% 30,315 $-6,011 Down ×2
WM Waste Management, Inc. Common Stock $590,632 0.43% 2,650 $-18,312
GS Goldman Sachs Group, Inc. (The) Common Stock $505,685 0.37% 500 $82,690
FRDM Freedom 100 Emerging Markets ETF $479,318 0.35% 6,575 $121,087 Up ×1
ADBE Adobe Inc. - Common Stock $393,638 0.28% 1,920 $-1,514,054 Down ×1
OKTA Okta, Inc. - Class A Common Stock $320,658 0.23% 2,350 $135,689
TDG Transdigm Group Incorporated Common Stock $313,029 0.23% 235 Up ×1
NEAR iShares U.S. ETF Trust $300,920 0.22% 5,940 $-1,040
EPD Enterprise Products Partners L.P. Common Stock $294,080 0.21% 8,000 $-8,640
FLIN Franklin Templeton ETF Trust $292,385 0.21% 8,220 $19,317
SCHV SCHWAB STRATEGIC TRUST $280,464 0.20% 8,057 $34,573 Down ×2
SCHZ SCHWAB STRATEGIC TRUST $253,459 0.18% 10,958 $7,141 Up ×1
PRF Invesco Exchange-Traded Fund Trust $231,789 0.17% 4,290 $27,885
CP Canadian Pacific Kansas City Limited Common Shares $173,300 0.13% 2,000 $8,114 Down ×1
RSP Invesco Exchange-Traded Fund Trust $170,216 0.12% 800 $16,680
CSX CSX Corporation - Common Stock $118,825 0.09% 2,500 $7,990 Down ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $115,545 0.08% 278 $-1,599,454 Down ×4
VB Vanguard Morningstar Small-Cap ETF $108,214 0.08% 357 $14,709
SOLS Solstice Advanced Materials Inc. - Common Stock $102,422 0.07% 1,156 $14,381
SCHE SCHWAB STRATEGIC TRUST $98,083 0.07% 2,705 $47,505 Up ×1
BSCR Invesco BulletShares 2027 Corporate Bond ETF $85,816 0.06% 4,375 $-43
ROKU Roku, Inc. - Class A Common Stock $69,208 0.05% 501 $22,182 Up ×1
EMXC iShares MSCI Emerging Markets ex China ETF $53,708 0.04% 525 $32,076 Up ×1
IVV iShares Core S&P 500 ETF $47,180 0.03% 63 $18,439 Up ×1
XEL Xcel Energy Inc. - Common Stock $44,807 0.03% 558 $-4,287 Down ×2
AVAV AeroVironment, Inc. - Common Stock $43,248 0.03% 262 Up ×1
SEZL Sezzle Inc. - Common Stock $42,908 0.03% 250 $27,085
GDV Gabelli Dividend & Income Trust Common Shares of Beneficial Interest $39,131 0.03% 1,331 $3,287
WFC Wells Fargo & Company Common Stock $33,056 0.02% 400 $-1,192,938 Down ×1
TSLA Tesla, Inc. - Common Stock $31,545 0.02% 75 $3,664
AMLP ALPS ETF Trust $31,110 0.02% 600 $-474
BAC Bank of America Corporation Common Stock $30,769 0.02% 540 $3,859 Down ×1
AMT American Tower Corporation (REIT) Common Stock $30,751 0.02% 188 $-1,694
DPG Duff & Phelps Utility and Infrastructure Fund Inc. $29,680 0.02% 2,000 $800
PLTR Palantir Technologies Inc. - Class A Common Stock $25,084 0.02% 215 $-6,366
IWM iShares Trust $22,534 0.02% 75 $3,934
RPG Invesco Exchange-Traded Fund Trust $22,348 0.02% 350 $5,989
CRWV CoreWeave, Inc. - Class A Common Stock $18,913 0.01% 190 $4,194
COF Capital One Financial Corporation Common Stock $15,047 0.01% 75 $1,365
BTC Grayscale Bitcoin Mini Trust (BTC) $12,975 0.01% 500 $3,978 Up ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
UBER $1,813,669 1.31% up ×5
SPOT $1,763,059 1.27% up ×3
ORCL $676,328 0.49% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
CAT $1,520,677 1,428 1.10%
Unknown issuer (CUSIP: 438516205) $1,104,947 4,935 0.80%
Unknown issuer (CUSIP: 43849R105) $1,091,030 4,935 0.79%
TDG $313,029 235 0.23%
AVAV $43,248 262 0.03%
RIVN $1,735 100 0.00%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
MU Bought more +725 +$3.4M
AMZN Trimmed -15K -$2.7M
KLAC Bought more +3K -$2.5M
TMO Trimmed -4K -$2.2M
COST Trimmed -2K -$2.1M
GOOGL Trimmed -10K -$2.0M
ROST Trimmed -8K -$1.8M
META Trimmed -3K -$1.8M
ECL Trimmed -7K -$1.8M
WMB Trimmed -24K -$1.7M

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 9,892 $2,235,889 -1.2%
WH Sept. 30, 2025 14,500 $1,177,545 -9.4%
INCY Sept. 30, 2025 10,000 $681,000 36.4%
CMI June 30, 2026 1,000 $538,020 -27.5%
TNL Sept. 30, 2025 10,000 $516,100 9.1%
STZ March 31, 2026 3,035 $418,709 -7.5%
C Sept. 30, 2025 4,499 $382,955 18.8%
PYPL June 30, 2025 5,640 $368,010 -23.3%
JCI June 30, 2025 3,342 $267,728 36.3%
FIVE June 30, 2025 1,500 $112,388 70.2%
CLX June 30, 2026 375 $38,861 -9.5%
DFS June 30, 2025 100 $17,070 No longer tracked
NMAX March 31, 2026 2,150 $16,620 51.9%
STNE June 30, 2025 1,200 $12,576 -28.4%
SCHA Sept. 30, 2025 400 $10,120 18.7%
BABA June 30, 2025 70 $9,256 -12.1%
PFE June 30, 2025 200 $5,068 23.9%
VDE June 30, 2026 3 $519
GSK June 30, 2026 8 $442 -3.2%
GLW June 30, 2026 2 $272 -51.6%
TEM June 30, 2026 5 $226 16.7%