Performance vs S&P 500

03
Tracked Q1 2025–Q2 2025 +24.7%
S&P 500 total return (same window) +12.6%
Excess return +12.1%

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: 99.3% · Options excluded: 70.0%

Sector breakdown

04
Technology 43.2%
Communication Services 19.2%
Financials 10.6%
Healthcare 5.6%
Industrials 5.3%
Retail 4.4%
Consumer Discretionary 4.3%
Energy 0.8%
Consumer products 0.4%
Utilities 0.4%
Consumer Staples 0.4%
Materials 0.4%
Real Estate 0.0%
Other/Unmapped 5.0%

Full portfolio 724 positions

05
Type Streak 8Q trend
APP Applovin Corporation - Class A Common Stock $192,218,583 18.18% 638,900 Call option $52,983,693 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $136,267,375 12.89% 477,700 Call option $40,457,493 Down ×2
COIN Coinbase Global, Inc. - 3Class A Common Stock $62,546,742 5.92% 526,300 Call option $43,935,668 Up ×1
AVGO Broadcom Inc. - Common Stock $53,271,174 5.04% 476,100 Call option $38,093,458 Down ×1
NVDA NVIDIA Corporation - Common Stock $37,908,488 3.59% 631,800 Call option $22,727,014 Up ×1
COR Cencora, Inc. Common Stock $27,137,798 2.57% 325,200 Call option $5,784,048 Up ×1
NFLX Netflix, Inc. - Common Stock $21,742,262 2.06% 54,600 Call option $18,925,716 Up ×1
PANW Palo Alto Networks, Inc. - Common Stock $14,085,746 1.33% 118,000 Call option $3,072,116 Down ×1
TSLA Tesla, Inc. - Common Stock $12,592,523 1.19% 223,200 Call option $3,533,032 Down ×2
SMH SMH $11,423,204 1.08% 40,961
EWC iShares, Inc. $11,083,611 1.05% 239,905 $9,696,073 Up ×1
COIN Coinbase Global, Inc. - 3Class A Common Stock $10,474,744 0.99% 29,886 $1,104,054 Down ×1
AMZN Amazon.com, Inc. - Common Stock $9,518,893 0.90% 43,388 Up ×1
MDB MongoDB, Inc. - Class A Common Stock $9,164,130 0.87% 107,000 Put option $-3,552,862 Up ×1
PLTR Palantir Technologies Inc. - Class A Common Stock $9,025,184 0.85% 228,200 Call option $3,705,200 Down ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $8,947,487 0.85% 39,505 $-3,639,795 Down ×1
MSFT Microsoft Corporation - Common Stock $8,630,823 0.82% 141,800 Call option $6,984,998 Up ×2
SPY SPY $8,485,760 0.80% 279,800 Call option $4,594,919 Up ×2
META Meta Platforms, Inc. - Class A Common Stock $8,093,895 0.77% 10,966 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $7,664,874 0.72% 357,300 Call option $5,740,237 Up ×2
MDB MongoDB, Inc. - Class A Common Stock $7,607,938 0.72% 36,230 $2,954,751 Up ×2
CLS Celestica, Inc. Common Stock $6,709,920 0.63% 42,982 Up ×1
TSLA Tesla, Inc. - Common Stock $6,408,155 0.61% 20,173
QQQ Invesco QQQ Trust, Series 1 $6,363,242 0.60% 105,800 Call option $3,984,636 Up ×1
GVA Granite Construction Incorporated Common Stock $6,294,340 0.60% 200,000 Call option $2,615,860
GE GE Aerospace Common Stock $6,290,097 0.59% 24,438 Up ×1
WDC Western Digital Corporation - Common Stock $5,958,242 0.56% 259,000 Call option $-13,462,329 Down ×1
SNOW Snowflake Inc. Common Stock $5,939,136 0.56% 116,000 Call option $4,129,566 Up ×2
TKO TKO Group Holdings, Inc. Class A Common Stock $5,643,907 0.53% 31,019 $-8,812,836 Down ×1
BNS Bank Nova Scotia Halifax Pfd 3 Ordinary Shares $5,346,066 0.51% 71,032 Up ×1
JCI Johnson Controls International plc Ordinary Share $5,278,823 0.50% 179,100 Call option $2,830,207 Down ×1
W Wayfair Inc. Class A Common Stock $5,246,050 0.50% 539,900 Call option $3,280,977 Down ×1
PLTR Palantir Technologies Inc. - Class A Common Stock $5,232,234 0.49% 38,382
WDC Western Digital Corporation - Common Stock $5,104,482 0.48% 79,770 $1,396,404 Down ×1
WMT Walmart Inc. - Common Stock $4,830,579 0.46% 304,400 Call option $4,601,309 Up ×1
CVNA Carvana Co. Class A Common Stock $4,800,793 0.45% 69,300 Call option $4,139,634 Down ×1
ON ON Semiconductor Corporation - Common Stock $4,714,070 0.45% 89,946 $1,562,996 Up ×2
AMZN Amazon.com, Inc. - Common Stock $4,695,803 0.44% 279,000 Call option $2,072,072 Up ×2
CM Canadian Imperial Bank of Commerce Common Stock $4,403,083 0.42% 45,389 Up ×1
W Wayfair Inc. Class A Common Stock $4,390,574 0.42% 85,854 $2,817,773 Up ×1
RDDT Reddit, Inc. Class A Common Stock $4,369,414 0.41% 110,600 Call option $2,448,515 Down ×1
TSLA Tesla, Inc. - Common Stock $4,319,858 0.41% 305,600 Put option $-898,073 Up ×2
UBER Uber Technologies, Inc. Common Stock $4,165,314 0.39% 233,600 Call option $2,115,968 Up ×1
ARM Arm Holdings plc - American Depositary Shares $3,928,018 0.37% 24,286 $-2,254,696 Down ×1
TD Toronto Dominion Bank (The) Common Stock $3,592,954 0.34% 48,917 $1,590,666 Up ×1
JNJ Johnson & Johnson Common Stock $3,423,891 0.32% 22,415 $-1,292,101 Down ×2
MUB iShares Trust $3,373,032 0.32% 32,284 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $3,331,285 0.32% 83,000 Call option $2,935,261 Up ×2
RUN Sunrun Inc. - Common Stock $3,278,200 0.31% 400,758
CRM Salesforce, Inc. Common Stock $3,271,462 0.31% 11,997 Up ×1
XLK SELECT SECTOR SPDR TRUST $3,253,752 0.31% 12,849 Up ×1
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $3,249,590 0.31% 22,515 Up ×1
TMUS T-Mobile US, Inc. - Common Stock $3,228,900 0.31% 13,552 $-294,873 Up ×1
AAPL Apple Inc. - Common Stock $3,213,493 0.30% 221,400 Call option $-233,199 Up ×1
HOOD Robinhood Markets, Inc. - Class A Common Stock $3,147,085 0.30% 89,600 Call option $2,625,147 Down ×1
AZN AstraZeneca PLC - American Depositary Shares $3,111,966 0.29% 44,533 Up ×1
MSTR Strategy Inc - Class A Common Stock $3,062,396 0.29% 22,800 Call option $2,299,234 Up ×1
GVA Granite Construction Incorporated Common Stock $3,050,016 0.29% 32,617 $-159,988 Down ×1
NVO Novo Nordisk A/S Common Stock $3,041,021 0.29% 44,060 Up ×1
BA Boeing Company (The) Common Stock $3,016,499 0.29% 94,700 Call option $2,667,344 Up ×1
SMCI Super Micro Computer, Inc. - Common Stock $2,916,977 0.28% 59,518 $1,379,327 Up ×2
EL Estee Lauder Companies, Inc. (The) Common Stock $2,809,820 0.27% 34,775 Up ×1
ABBV AbbVie Inc. Common Stock $2,742,907 0.26% 14,777 Up ×1
GILD Gilead Sciences, Inc. - Common Stock $2,729,619 0.26% 24,620 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $2,686,787 0.25% 410,900 Put option $-20,480,536 Down ×2
ON ON Semiconductor Corporation - Common Stock $2,538,168 0.24% 273,100 Call option $1,228,312 Down ×1
WOLF Wolfspeed, Inc. Common Stock New $2,349,665 0.22% 250,000 Put option $-1,088,475 Down ×1
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $2,320,855 0.22% 238,600 Call option $-1,647,109 Up ×1
GS Goldman Sachs Group, Inc. (The) Common Stock $2,263,124 0.21% 23,100 Call option $1,904,354 Down ×1
ASTS AST SpaceMobile, Inc. - Class A Common Stock $2,226,720 0.21% 94,000 Call option $1,776,997 Up ×1
GLD SPDR Gold Shares $2,208,691 0.21% 156,200 Call option $-42,378 Up ×2
AMD Advanced Micro Devices, Inc. - Common Stock $2,193,490 0.21% 15,458 $449,376 Down ×2
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $2,163,758 0.20% 22,300 Call option $1,470,189 Up ×1
SOXL Direxion Shares ETF Trust $2,120,827 0.20% 304,500 Call option $2,026,069 Up ×1
UAL United Airlines Holdings, Inc. - Common Stock $2,016,709 0.19% 25,326 $-33,662 Down ×1
NU Nu Holdings Ltd. Class A Ordinary Shares $1,941,435 0.18% 141,504 $1,505,447 Up ×1
EWC iShares, Inc. $1,909,188 0.18% 2,134,300 Put option $-2,254,262 Up ×1
PENN PENN Entertainment, Inc. - Common Stock $1,893,184 0.18% 105,942 $583,834 Up ×1
TTD The Trade Desk, Inc. - Class A Common Stock $1,803,781 0.17% 25,056 $-1,287,297 Down ×1
CORZ Core Scientific, Inc. - Common Stock $1,797,386 0.17% 105,295 $1,062,540 Up ×1
BAH Booz Allen Hamilton Holding Corporation Common Stock $1,777,811 0.17% 17,073 Up ×1
NFLX Netflix, Inc. - Common Stock $1,709,694 0.16% 64,200 Put option $1,147,422 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $1,707,006 0.16% 146,800 Call option $1,164,258 Up ×1
IREN IREN Limited - Ordinary Shares $1,673,045 0.16% 358,700 Call option $1,447,012 Up ×1
DXCM DexCom, Inc. - Common Stock $1,644,194 0.16% 18,836 $777,184 Up ×1
ASML ASML Holding N.V. - New York Registry Shares $1,643,048 0.16% 15,800 Call option Up ×1
XOM Exxon Mobil Corporation Common Stock $1,636,960 0.15% 114,900 Put option $615,397 Down ×1
FND Floor & Decor Holdings, Inc. Common Stock $1,562,117 0.15% 20,565 Up ×1
NVDA NVIDIA Corporation - Common Stock $1,545,727 0.15% 547,500 Put option $-3,761,426 Down ×2
ORCL Oracle Corporation Common Stock $1,522,310 0.14% 38,900 Call option $1,376,983 Down ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $1,491,516 0.14% 120,100 Call option $984,389 Up ×2
PFE Pfizer, Inc. Common Stock $1,486,542 0.14% 61,326 $-1,705,918 Down ×1
MU Micron Technology, Inc. - Common Stock $1,412,948 0.13% 67,400 Call option $803,221 Down ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $1,395,962 0.13% 57,300 Put option $1,125,267 Up ×1
PDD PDD Holdings Inc. - American Depositary Shares $1,395,327 0.13% 13,332 $-3,840,004 Down ×1
AMD Advanced Micro Devices, Inc. - Common Stock $1,367,884 0.13% 280,800 Put option $-2,837,491 Up ×2
SLF Sun Life Financial Inc. Common Stock $1,359,150 0.13% 15,000 $-535,130 Down ×1
ROKU Roku, Inc. - Class A Common Stock $1,354,481 0.13% 243,600 Call option $1,205,968 Up ×1
ARM Arm Holdings plc - American Depositary Shares $1,338,786 0.13% 38,300 Call option $1,253,640 Up ×1
PYPL PayPal Holdings, Inc. - Common Stock $1,322,078 0.13% 17,789 $-1,711,460 Down ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
SMH $11,423,204 40,961 1.08%
AMZN $9,518,893 43,388 0.90%
META $8,093,895 10,966 0.77%
CLS $6,709,920 42,982 0.63%
TSLA $6,408,155 20,173 0.61%
GE $6,290,097 24,438 0.59%
BNS $5,346,066 71,032 0.51%
PLTR $5,232,234 38,382 0.49%
CM $4,403,083 45,389 0.42%
MUB $3,373,032 32,284 0.32%
RUN $3,278,200 400,758 0.31%
CRM $3,271,462 11,997 0.31%
XLK $3,253,752 12,849 0.31%
STX $3,249,590 22,515 0.31%
AZN $3,111,966 44,533 0.29%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
APP Trimmed -6K +$53.0M
COIN Bought more +88K +$43.9M
META Trimmed -79K +$40.5M
AVGO Trimmed -19K +$38.1M
NVDA Bought more +88K +$22.7M
WDC Trimmed -1.6M -$13.5M
TKO Trimmed -64K -$8.8M
COR Bought more +100 +$5.8M
AMD Bought more +9K +$5.7M
SPY Bought more +114K +$4.6M

7 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
RCL June 30, 2025 361,500 $33,356,535 -11.3%
X June 30, 2025 8,442,000 $18,514,988 No longer tracked
BRK-B (filed as BRKB) June 30, 2025 101,000 $13,022,300 No longer tracked
HAL June 30, 2025 420,631 $7,187,417 56.3%
NBIX June 30, 2025 81,384 $4,645,420 13.9%
TXN June 30, 2025 23,262 $4,180,181 41.5%
TFC June 30, 2025 187,715 $4,126,672 8.0%
CORT June 30, 2025 56,126 $2,181,275 58.4%
FOXA June 30, 2025 26,169 $1,481,165 11.1%
BMRN June 30, 2025 44,534 $1,420,551 4.0%
APPN June 30, 2025 230,840 $996,064 22.8%
RKLB (filed as RKLBXXXX) June 30, 2025 344,960 $916,408 106.7%
EMBJ June 30, 2025 18,347 $847,631 32.2%
MGM June 30, 2025 51,883 $775,260 -11.4%
CE June 30, 2025 84,026 $766,323 -20.1%
BG June 30, 2025 85,400 $745,278 32.9%
GIS June 30, 2025 49,653 $637,728 -38.2%
UBS June 30, 2025 31,702 $566,254 41.1%
RILY June 30, 2025 173,062 $528,900 63.6%
BOOM June 30, 2025 450,970 $438,527 -28.0%
HUM June 30, 2025 18,400 $324,509 58.9%
KROS June 30, 2025 102,551 $295,795 -14.9%
DE June 30, 2025 10,700 $275,198 35.1%
MCK June 30, 2025 2,100 $269,970 23.1%
TOL June 30, 2025 8,000 $226,933 19.7%
EWTX June 30, 2025 120,000 $202,500 215.8%
NOVAQ June 30, 2025 108,400 $194,445 No longer tracked
OKTA June 30, 2025 69,100 $160,253 111.6%
EXPE June 30, 2025 12,500 $105,348 57.1%
IAC June 30, 2025 60,400 $102,930 No longer tracked
CMPX June 30, 2025 277,100 $101,455 -67.1%
SO June 30, 2025 11,800 $100,700 -8.8%
BERY June 30, 2025 15,400 $98,043 No longer tracked
AMGN June 30, 2025 10,000 $95,035 44.4%
EA June 30, 2025 42,100 $90,649 No longer tracked
ASHR June 30, 2025 206,500 $75,139
XLY June 30, 2025 16,600 $64,071 No longer tracked
UNG June 30, 2025 13,100 $52,986 -31.5%
FPH June 30, 2025 162,500 $49,953 -17.5%
AIG June 30, 2025 150,200 $45,193 -12.5%
O June 30, 2025 16,900 $39,399 -6.0%
HON June 30, 2025 12,100 $39,109 -2.5%
CZR June 30, 2025 29,300 $35,340 4.4%
GOLD June 30, 2025 41,300 $34,429 90.7%
BHF June 30, 2025 25,100 $34,035 -7.0%
JWN June 30, 2025 50,800 $29,101 No longer tracked
DIA June 30, 2025 13,300 $28,738
HRL June 30, 2025 12,900 $28,718 -33.1%
GOGO June 30, 2025 40,900 $28,650 -85.6%
BILI June 30, 2025 23,000 $26,524 -32.7%
CPRI June 30, 2025 214,400 $24,501 -18.4%
LKQ June 30, 2025 20,400 $24,205 -38.4%
TRTX June 30, 2025 392,500 $24,025 -20.5%
GLW June 30, 2025 14,500 $22,651 212.2%
MPT June 30, 2025 41,600 $18,056 -24.1%
AVB June 30, 2025 30,300 $17,760 No longer tracked
SH June 30, 2025 11,600 $17,473 -19.1%
LMND June 30, 2025 12,600 $16,997 6.1%
RNA June 30, 2025 16,200 $16,646 -72.4%
KALV June 30, 2025 50,000 $16,250 No longer tracked
IMVT June 30, 2025 99,800 $14,970 110.1%
CNX June 30, 2025 68,000 $14,243 -6.5%
RC June 30, 2025 10,500 $12,280 -74.1%
PROP June 30, 2025 10,000 $10,000 -87.4%
WDS June 30, 2025 10,700 $8,450 41.2%
VNET June 30, 2025 10,200 $7,650 -25.7%
HUYA June 30, 2025 18,000 $7,600 -34.7%
BTDR June 30, 2025 14,500 $6,327 -4.0%
HOG June 30, 2025 29,600 $5,623 4.0%
GDXJ June 30, 2025 11,900 $5,576 79.2%
CHAU June 30, 2025 11,900 $5,136
VISN June 30, 2025 40,100 $5,002 -25.0%
SONY June 30, 2025 32,300 $4,273 -8.5%
HNRG June 30, 2025 25,000 $3,750 -14.8%
KULR June 30, 2025 43,700 $3,508 No longer tracked
BECN June 30, 2025 11,500 $3,382 No longer tracked
SILJ June 30, 2025 16,000 $3,293
BHP June 30, 2025 39,400 $3,152 79.0%
SENS June 30, 2025 10,400 $2,040 3.8%
LFMD June 30, 2025 12,000 $1,800 -79.9%
ABR June 30, 2025 14,700 $1,611 -66.7%
CONY June 30, 2025 11,600 $843
VOXX June 30, 2025 14,800 $514 No longer tracked
REKR June 30, 2025 12,200 $477 -68.0%
KOS June 30, 2025 500,200 $450 45.9%
OPTT June 30, 2025 15,600 $363 No longer tracked
SHLS June 30, 2025 100,500 $275 95.3%
BITF June 30, 2025 22,452 $62 No longer tracked