Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 -21.2%
S&P 500 total return (same window) +37.0%
Excess return -58.2%

Annualized: -17.3% · 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: 100.0% · Options excluded: 0.0%

Sector breakdown

04
Financials 24.8%
Consumer Discretionary 22.4%
Healthcare 20.8%
Technology 14.1%
Industrials 9.5%
Consumer products 8.4%

Full portfolio 18 positions

05
Type Streak 8Q trend
CME CME Group Inc. - Class A Common Stock $172,130,506 12.24% 773,225 $-100,137,022 Down ×6
UNH UnitedHealth Group Incorporated Common Stock (DE) $159,855,801 11.37% 388,415 $33,075,821 Down ×4
YUMC Yum China Holdings, Inc. Common Stock $133,059,764 9.46% 3,255,683 $-59,413,238 Down ×6
ILMN Illumina, Inc. - Common Stock $128,748,557 9.15% 740,132 $19,019,245 Down ×6
BKNG Booking Holdings Inc. - Common Stock $121,636,487 8.65% 646,216 $-15,826,114 Up ×1
CL Colgate-Palmolive Company Common Stock $118,327,943 8.41% 1,301,977 $-16,657,782 Down ×6
MA Mastercard Incorporated Common Stock $114,412,352 8.13% 222,508 $-17,996,280 Down ×6
MSFT Microsoft Corporation - Common Stock $96,671,763 6.87% 256,389 $-17,992,119 Down ×6
VRSK Verisk Analytics, Inc. - Common Stock $71,125,670 5.06% 394,513 $-18,839,626 Down ×6
ADBE Adobe Inc. - Common Stock $63,755,053 4.53% 306,204 $-26,396,673 Down ×2
MKTX MarketAxess Holdings, Inc. - Common Stock $62,163,314 4.42% 536,324 $-44,187,762 Down ×6
NKE Nike, Inc. Common Stock $60,449,526 4.30% 1,438,583 $-31,377,182 Down ×3
ADP Automatic Data Processing, Inc. - Common Stock $57,744,158 4.11% 256,473 $-5,241,525 Down ×6
ACN Accenture plc Class A Ordinary Shares (Ireland) $37,123,121 2.64% 283,477 $-30,992,867 Down ×6
AOS A.O. Smith Corporation Common Stock $3,996,889 0.28% 60,555 $-89,682
WAT Waters Corporation Common Stock $3,933,104 0.28% 10,225 $-88,251
RELX RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) $1,204,188 0.09% 38,023 $-51,368 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $166,672 0.01% 349 $-1,635,953 Down ×6

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
CME Trimmed -152K -$100.1M
YUMC Trimmed -690K -$59.4M
MKTX Trimmed -107K -$44.2M
UNH Trimmed -77K +$33.1M
NKE Trimmed -285K -$31.4M
ACN Trimmed -55K -$31.0M
ADBE Trimmed -62K -$26.4M
ILMN Trimmed -147K +$19.0M
VRSK Trimmed -78K -$18.8M
MA Trimmed -42K -$18.0M

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
NVO March 31, 2026 25,221 $1,283,244 1.6%
MELI June 30, 2026 700 $1,210,314 0.0%
HDB June 30, 2026 38,800 $965,344 -13.5%
BABA June 30, 2026 4,750 $595,935 10.3%
ITUB June 30, 2026 67,718 $567,477 5.1%
INFY June 30, 2026 40,000 $540,400 5.2%
TCOM June 30, 2026 10,230 $509,352 -4.4%
NTES June 30, 2026 3,855 $431,529 -8.5%
GLOB June 30, 2026 3,172 $146,261 21.3%
SE June 30, 2026 1,120 $92,747 -0.7%