Sector breakdown

04
Financials 19.9%
Industrials 19.3%
Technology 11.0%
Health Care 9.3%
Energy 9.1%
Retail 8.2%
Materials 6.8%
Consumer Staples 6.0%
Utilities 3.0%
Consumer products 2.3%
Other/Unmapped 5.1%

Full portfolio 47 positions

05
Type Streak 8Q trend
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $25,689 9.09% 51,337 $1,038 Down ×6
V Visa Inc. $23,350 8.26% 68,057 $2,646 Down ×6
APH Amphenol Corporation Common Stock $18,584 6.58% 105,401 $2,244 Down ×3
AAPL Apple Inc. - Common Stock $17,132 6.06% 59,207 $2,425 Up ×1
MSFT Microsoft Corporation - Common Stock $11,514 4.07% 30,866 $-4,367 Down ×6
WPM Wheaton Precious Metals Corp Common Shares (Canada) $11,371 4.02% 101,238 $-936 Up ×1
PH Parker-Hannifin Corporation Common Stock $10,582 3.74% 10,819 $950 Up ×1
ETN Eaton Corporation, PLC Ordinary Shares $9,958 3.52% 23,369 $1,678 Up ×2
AMZN Amazon.com, Inc. - Common Stock $9,825 3.48% 41,222 $1,081 Down ×4
UNP Union Pacific Corporation Common Stock $9,580 3.39% 35,221 $1,209 Up ×2
ABT Abbott Laboratories Common Stock $8,840 3.13% 97,419 $-1,268 Down ×4
LIN Linde plc - Ordinary Shares $7,909 2.80% 15,240 $388 Up ×2
JNJ Johnson & Johnson Common Stock $6,863 2.43% 27,024 $218 Down ×6
COST Costco Wholesale Corporation - Common Stock $6,634 2.35% 7,092 $-469 Down ×1
CVX Chevron Corporation Common Stock $6,494 2.30% 39,178 $-2,006 Down ×6
PEP PepsiCo, Inc. - Common Stock $6,436 2.28% 47,536 $-997 Down ×4
PG Procter & Gamble Company (The) Common Stock $6,389 2.26% 43,566 $15 Down ×4
AZN AstraZeneca PLC - American Depositary Shares $6,145 2.17% 32,405 $-240 Up ×1
COP ConocoPhillips Common Stock $5,977 2.12% 57,493 $-1,649 Down ×6
EOG EOG Resources, Inc. Common Stock $5,619 1.99% 43,312 $-816 Down ×3
Unknown issuer (CUSIP: 02079k305) $5,478 1.94% 15,329 $2,471 Up ×3
SLB SLB Limited Common Shares $5,418 1.92% 116,540 $1,352 Up ×1
AEP American Electric Power Company, Inc. - Common Stock $5,407 1.91% 39,522 $441 Up ×2
SYK Stryker Corporation Common Stock $4,437 1.57% 14,093 $-278 Down ×1
FDS FactSet Research Systems Inc. Common Stock $4,401 1.56% 19,128 $100 Down ×1
PM Philip Morris International Inc Common Stock $4,214 1.49% 23,291 $394 Up ×1
HSY The Hershey Company Common Stock $4,027 1.43% 22,955 $-766 Down ×6
TJX TJX Companies, Inc. (The) Common Stock $3,423 1.21% 22,591 $2,882 Up ×2
Unknown issuer (CUSIP: 438516205) $3,216 1.14% 14,365 Up ×1
Unknown issuer (CUSIP: 43849R105) $3,176 1.12% 14,365 Up ×1
AZO AutoZone, Inc. Common Stock $3,154 1.12% 987 $-197 Down ×4
BKH Black Hills Corporation Common Stock $3,130 1.11% 42,075 Up ×1
GNRC Generac Holdlings Inc. Common Stock $2,888 1.02% 9,864 $927 Down ×1
HWM Howmet Aerospace Inc. Common Stock $2,363 0.84% 8,789 $287 Down ×1
Unknown issuer (CUSIP: 30233Q108) $2,283 0.81% 16,702 Up ×1
EQT EQT Corporation Common Stock $1,998 0.71% 37,580 $-425 Down ×1
AXP American Express Company Common Stock $1,887 0.67% 5,580 $210 Up ×2
BF-B (filed as BFB) Brown-Forman Corporation Class B $1,424 0.50% 53,445 $576 Up ×1
NVDA NVIDIA Corporation - Common Stock $1,320 0.47% 6,595 $100 Down ×3
TROW T. Rowe Price Group, Inc. - Common Stock $905 0.32% 7,960 $183 Down ×6
KO Coca-Cola Company (The) Common Stock $778 0.28% 9,576 $50
LHX L3Harris Technologies, Inc. Common Stock $565 0.20% 1,945 $-113 Down ×1
AMAT Applied Materials, Inc. - Common Stock $564 0.20% 780 $190 Down ×4
AVGO Broadcom Inc. - Common Stock $404 0.14% 1,070 $73
Unknown issuer (CUSIP: 02079k107) $397 0.14% 1,125 $74
PSX Phillips 66 Common Stock $225 0.08% 1,330 $-17
INTC Intel Corporation - Common Stock $206 0.07% 1,475 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
None $5,478 1.94% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 438516205) $3,216 14,365 1.14%
Unknown issuer (CUSIP: 43849R105) $3,176 14,365 1.12%
BKH $3,130 42,075 1.11%
Unknown issuer (CUSIP: 30233Q108) $2,283 16,702 0.81%
INTC $206 1,475 0.07%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
MSFT Trimmed -12K -$4K
V Trimmed -444 +$3K
· Bought more +5K +$2K
AAPL Bought more +1K +$2K
APH Trimmed -24K +$2K
CVX Trimmed -2K -$2K
ETN Bought more +218 +$2K
COP Trimmed -276 -$2K
SLB Bought more +37K +$1K
ABT Trimmed -1K -$1K

1 position 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
EXPD March 31, 2026 22,730 $3,387,000 34.4%
ACGL March 31, 2026 31,457 $3,017,000 -2.5%
GLW March 31, 2026 3,675 $322,000 20.8%
ADBE March 31, 2026 809 $283,000 -2.2%
HD March 31, 2026 590 $203,000 -14.0%
HON June 30, 2026 24,522 $5,543 -4.4%
GD June 30, 2025 14,104 $3,844 13.2%
RS June 30, 2025 13,232 $3,821 27.5%
MLM June 30, 2025 7,230 $3,457 -12.1%
APD June 30, 2025 10,333 $3,047 -1.6%
XOM June 30, 2026 13,462 $2,284 20.0%
AMD June 30, 2026 7,665 $1,559 9.1%
ORCL Dec. 31, 2025 3,547 $998 -27.0%
BRK-A (filed as BRKA) Dec. 31, 2025 1 $754 No longer tracked
AMGN Dec. 31, 2025 1,404 $396 23.1%
JPM June 30, 2025 1,500 $368 14.6%
CL June 30, 2025 3,735 $350 -7.3%
IDA Dec. 31, 2025 2,590 $342 4.9%
CB June 30, 2025 925 $279 14.2%
BDX June 30, 2025 890 $204 30.6%
PSX Dec. 31, 2025 1,480 $201 105.0%