Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +31.3%
S&P 500 total return (same window) +37.0%
Excess return -5.7%

Annualized: +24.4% · 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: 99.8% · Options excluded: 0.0%

Sector breakdown

04
Technology 43.7%
Financials 13.4%
Industrials 12.5%
Communication Services 10.8%
Healthcare 9.2%
Retail 3.7%
Energy 3.2%
Consumer Staples 1.5%
Utilities 0.7%
Consumer Discretionary 0.6%
Consumer products 0.4%
Real Estate 0.0%
Other/Unmapped 0.2%

Full portfolio 107 positions

05
Type Streak 8Q trend
TSM Taiwan Semiconductor Manufacturing Company Ltd. $12,282,623 5.51% 25,719 $3,602,715 Up ×1
AVGO Broadcom Inc. - Common Stock $10,668,793 4.78% 28,243 $1,842,496 Down ×1
AMAT Applied Materials, Inc. - Common Stock $10,149,474 4.55% 14,038 $4,089,879 Down ×6
KLAC KLA Corporation - Common Stock $9,957,939 4.46% 33,005 $3,870,996 Up ×1
LRCX Lam Research Corporation - Common Stock $8,886,298 3.98% 20,507 $3,323,019 Down ×6
APH Amphenol Corporation Common Stock $8,812,826 3.95% 49,982 $2,215,713 Down ×5
AMD Advanced Micro Devices, Inc. - Common Stock $8,240,789 3.69% 14,186 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $7,183,494 3.22% 20,101 $1,279,887 Down ×6
AMZN Amazon.com, Inc. - Common Stock $7,039,134 3.16% 29,534 $756,878 Down ×1
NVDA NVIDIA Corporation - Common Stock $6,940,922 3.11% 34,689 $769,080 Down ×1
MSFT Microsoft Corporation - Common Stock $6,733,384 3.02% 18,051 $-139,192 Down ×1
V Visa Inc. $6,704,665 3.01% 19,542 $672,257 Down ×1
AAPL Apple Inc. - Common Stock $6,528,540 2.93% 22,562 $680,457 Down ×1
AME AMETEK, Inc. $6,436,572 2.89% 26,604 $611,982 Down ×6
MDT Medtronic plc. Ordinary Shares $6,292,117 2.82% 80,431 $-334,962 Up ×2
MA Mastercard Incorporated Common Stock $6,170,390 2.77% 12,014 $39,562 Down ×1
NDAQ Nasdaq, Inc. - Common Stock $6,136,137 2.75% 77,850 Up ×1
TMO Thermo Fisher Scientific Inc Common Stock $6,058,936 2.72% 12,085 $-8,019 Down ×1
ROP Roper Technologies, Inc. - Common Stock $6,019,958 2.70% 17,790 $-409,324 Down ×1
DHR Danaher Corporation Common Stock $5,658,780 2.54% 29,708 $-94,063 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $5,297,179 2.37% 9,404 $-197,558 Down ×2
NFLX Netflix, Inc. - Common Stock $5,263,894 2.36% 73,724 $-1,976,009 Down ×1
ICE Intercontinental Exchange Inc. Common Stock $5,163,480 2.31% 41,942 $-991,987 Up ×1
CRM Salesforce, Inc. Common Stock $4,985,705 2.24% 31,825 $-1,081,817 Down ×1
NTES NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares $3,108,420 1.39% 24,258 $771,113 Up ×4
ETN Eaton Corporation, PLC Ordinary Shares $2,616,377 1.17% 6,140 $173,849 Down ×3
AFL AFLAC Incorporated Common Stock $2,470,575 1.11% 21,071 $226,347 Up ×5
CSCO Cisco Systems, Inc. - Common Stock $1,646,084 0.74% 14,014 $476,182 Down ×3
TXN Texas Instruments Incorporated - Common Stock $1,572,319 0.70% 5,275 $469,216 Down ×3
QCOM QUALCOMM Incorporated - Common Stock $1,293,530 0.58% 7,000 $79,521 Down ×1
ABBV AbbVie Inc. Common Stock $1,269,524 0.57% 5,045 $89,423 Down ×3
BIDU Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share $1,168,387 0.52% 10,223 $29,340
KO Coca-Cola Company (The) Common Stock $1,157,935 0.52% 14,248 $-8,748 Down ×3
JNJ Johnson & Johnson Common Stock $1,141,087 0.51% 4,493 $-42,247 Down ×3
PAYX Paychex, Inc. - Common Stock $1,138,760 0.51% 11,581 $-7,581 Down ×1
AJG Arthur J. Gallagher & Co. Common Stock $1,115,481 0.50% 4,859 $-8,786 Down ×1
NXPI NXP Semiconductors N.V. - Common Stock $1,063,980 0.48% 3,786 $205,670 Down ×1
MDLZ Mondelez International, Inc. - Class A Common Stock $1,055,927 0.47% 18,256 $-77,045 Down ×1
ST Sensata Technologies Holding plc Ordinary Shares $1,037,390 0.47% 21,730 $151,748 Down ×1
EMR Emerson Electric Company Common Stock $1,026,099 0.46% 7,168 $23,010 Down ×3
ITW Illinois Tool Works Inc. Common Stock $1,005,607 0.45% 3,718 $-36,334 Down ×3
PG Procter & Gamble Company (The) Common Stock $980,142 0.44% 6,684 $-59,248 Down ×1
BLK BlackRock, Inc. Common Stock $933,675 0.42% 971 $-73,235 Down ×3
HUBB Hubbell Inc Common Stock $918,216 0.41% 1,755 $-133,931 Down ×1
TT Trane Technologies plc $901,770 0.40% 1,836 $-25,893 Down ×1
PEP PepsiCo, Inc. - Common Stock $896,213 0.40% 6,619 $-210,384 Down ×3
OTIS Otis Worldwide Corporation Common Stock $856,408 0.38% 11,961 $-128,751 Down ×1
NEE NextEra Energy, Inc. Common Stock $853,827 0.38% 9,728 $-248,937 Down ×1
JD JD.com, Inc. - American Depositary Shares $826,520 0.37% 32,438 $-132,672
CME CME Group Inc. - Class A Common Stock $763,851 0.34% 3,459 $-327,467 Down ×3
ORA Ormat Technologies, Inc. Common Stock $659,934 0.30% 6,060 $-166,707 Down ×1
FSLR First Solar, Inc. - Common Stock $655,497 0.29% 2,778 $-13,806 Down ×1
VLO Valero Energy Corporation Common Stock $650,058 0.29% 2,496 $-122,561 Down ×1
APTV Aptiv PLC Ordinary Shares $637,677 0.29% 10,389 $-174,424 Down ×1
OC Owens Corning Inc Common Stock New $592,285 0.27% 3,726 $123,909 Down ×1
CVX Chevron Corporation Common Stock $575,519 0.26% 3,472 $-160,217 Down ×1
PWR Quanta Services, Inc. Common Stock $532,830 0.24% 740 $126,555
COP ConocoPhillips Common Stock $525,518 0.24% 5,055 $-151,114 Down ×1
CSL Carlisle Companies Incorporated Common Stock $508,576 0.23% 1,402 $-35,225 Down ×1
ITRI Itron, Inc. - Common Stock $476,607 0.21% 5,508 $-97,921 Down ×1
ACM AECOM Common Stock $472,127 0.21% 6,764 $-228,401 Down ×1
CNQ Canadian Natural Resources Limited Common Stock $470,379 0.21% 11,899 $-138,255 Down ×1
CVE Cenovus Energy Inc Common Stock $461,326 0.21% 18,611 $-75,127 Down ×1
FANG Diamondback Energy, Inc. - Common Stock $457,204 0.20% 2,601 $-66,742 Down ×1
SU Suncor Energy Inc. Common Stock $457,161 0.20% 8,506 $-141,541 Down ×1
EOG EOG Resources, Inc. Common Stock $455,741 0.20% 3,513 $-61,964 Down ×1
IMO CUSIP: 453038408 $447,721 0.20% 3,991 $-120,280 Down ×1
HDB HDFC Bank Limited Common Stock $418,885 0.19% 16,217 $185,013 Up ×1
DVN Devon Energy Corporation Common Stock $412,828 0.19% 9,991 $-99,681 Down ×1
ADI Analog Devices, Inc. - Common Stock $407,496 0.18% 1,026 $81,084
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $403,212 0.18% 4,201 $-123,845
HAL Halliburton Company Common Stock $393,447 0.18% 11,589 $-73,341 Down ×1
WMB Williams Companies, Inc. (The) Common Stock $389,913 0.17% 5,245 $-3,827 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $387,956 0.17% 1,098 $72,984
SLB SLB Limited Common Shares $372,524 0.17% 8,013 $-75,340 Down ×1
ENB Enbridge Inc Common Stock $364,230 0.16% 6,719 $-13,831 Down ×1
TRP TC Energy Corporation Common Stock $360,491 0.16% 5,449 $-1,948 Down ×1
KMI Kinder Morgan, Inc. Common Stock $356,529 0.16% 11,152 $-41,539 Down ×1
BKR Baker Hughes Company - Common Stock $322,511 0.14% 5,811 $-55,083 Down ×1
TSLA Tesla, Inc. - Common Stock $311,244 0.14% 740 $36,149
AMRC Ameresco, Inc. Class A Common Stock $305,918 0.14% 11,084 $-19,666 Down ×1
CSIQ Canadian Solar Inc. - Common Shares $285,925 0.13% 17,848 $-17,376 Down ×1
DAN Dana Incorporated Common Stock $282,603 0.13% 10,386 $-66,886
ON ON Semiconductor Corporation - Common Stock $279,649 0.13% 2,958 $96,490
TEL TE Connectivity plc Ordinary Shares $275,802 0.12% 1,368 $-17,871 Down ×1
POWI Power Integrations, Inc. - Common Stock $270,377 0.12% 3,228 $105,103
DAR Darling Ingredients Inc. Common Stock $199,254 0.09% 3,648 $-26,375
ENPH Enphase Energy, Inc. - Common Stock $188,589 0.08% 3,830 $14,058 Down ×1
THRM Gentherm Inc - Common Stock $137,941 0.06% 4,044 $25,599
SWKS Skyworks Solutions, Inc. - Common Stock $134,651 0.06% 1,986 $28,301
HLX Helix Energy Solutions Group, Inc. Common Stock $86,675 0.04% 9,917 $-17,724 Down ×1
MBLY Mobileye Global Inc. - Class A Common Stock $58,080 0.03% 6,000 $16,860
WELL Welltower Inc. Common Stock $13,618 0.01% 60 $1,755
EQIX Equinix, Inc. - Common Stock $13,551 0.01% 13 $808
VTR Ventas, Inc. Common Stock $13,498 0.01% 152 $1,067
UNP Union Pacific Corporation Common Stock $12,512 0.01% 46 $1,351
AEP American Electric Power Company, Inc. - Common Stock $12,039 0.01% 88 $504
PLD Prologis, Inc. Common Stock $11,921 0.01% 88 $289
LNT Alliant Energy Corporation - Common Stock $11,825 0.01% 155 $702
DUK Duke Energy Corporation (Holding Company) Common Stock $11,772 0.01% 93 $-405

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
NTES $3,108,420 1.39% up ×4
AFL $2,470,575 1.11% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
AMD $8,240,789 14,186 3.69%
NDAQ $6,136,137 77,850 2.75%
PEG $11,768 145 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AMAT Trimmed -4K +$4.1M
KLAC Bought more +29K +$3.9M
TSM Bought more +35 +$3.6M
LRCX Trimmed -6K +$3.3M
APH Trimmed -2K +$2.2M
NFLX Trimmed -2K -$2.0M
AVGO Trimmed -274 +$1.8M
GOOGL Trimmed -429 +$1.3M
CRM Trimmed -679 -$1.1M
ICE Bought more +3K -$992K

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
ADBE June 30, 2026 18,709 $4,547,784 28.7%
INTU June 30, 2026 9,348 $4,041,888 31.6%
XOM June 30, 2026 4,928 $836,084 34.0%
IBP March 31, 2026 2,772 $738,738 -24.9%
ATHM June 30, 2026 12,300 $213,651 7.0%
LMT June 30, 2026 17 $10,275 18.6%
DOC March 31, 2026 601 $9,652 17.2%
HSY June 30, 2026 44 $9,147 -3.3%
MRSH June 30, 2026 44 $8,039 18.5%
SEDG June 30, 2025 496 $8,025 63.3%
AVY June 30, 2026 45 $7,771 12.0%
OMC June 30, 2026 100 $7,531 13.5%
IVZ June 30, 2026 308 $7,481 6.3%
TSCO June 30, 2026 158 $7,157 5.7%
TROW June 30, 2026 79 $7,121 -8.3%
FNF June 30, 2026 147 $6,818 -14.2%
BDX June 30, 2026 42 $6,604 31.4%
GIS June 30, 2026 171 $6,365 -1.2%
ADP June 30, 2026 31 $6,299 35.8%
FDS June 30, 2026 29 $6,293 44.0%
BR June 30, 2026 36 $5,849 33.8%
DEC March 31, 2026 348 $5,055 -15.8%
WAT June 30, 2026 5 $1,489 21.0%