Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +43.4%
S&P 500 total return (same window) +37.0%
Excess return +6.4%

Annualized: +33.4% · 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: 86.5% · Options excluded: 0.0%

Sector breakdown

04
Industrials 19.6%
Technology 12.4%
Communication Services 6.0%
Healthcare 2.8%
Retail 2.7%
Utilities 2.3%
Energy 1.0%
Financials 0.9%
Consumer products 0.8%
Other/Unmapped 51.5%

Full portfolio 65 positions

05
Type Streak 8Q trend
QQQ Invesco QQQ Trust, Series 1 $10,260,947 5.59% 13,934 $2,027,776 Down ×2
SPY SPY $9,719,221 5.30% 13,015 $1,105,852 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $6,726,962 3.67% 18,824 $906,920 Down ×2
GEV GE Vernova Inc. Common Stock $5,933,043 3.23% 5,050 $739,288 Down ×4
GE GE Aerospace Common Stock $5,885,750 3.21% 15,749 $1,147,548 Down ×6
XLV SELECT SECTOR SPDR TRUST $5,328,881 2.90% 33,587 $405,014 Up ×1
LLY Eli Lilly and Company Common Stock $5,204,327 2.84% 4,339 $1,531,685 Up ×2
RTX RTX Corporation Common Stock $5,186,270 2.83% 27,335 $-90,510 Down ×5
AAPL Apple Inc. - Common Stock $5,047,204 2.75% 17,443 $413,642 Down ×2
PANW Palo Alto Networks, Inc. - Common Stock $4,983,666 2.72% 14,614 $2,416,302 Down ×1
AMZN Amazon.com, Inc. - Common Stock $4,967,721 2.71% 20,843 $539,068 Down ×2
ITA iShares Trust $4,639,864 2.53% 19,140 $580,371 Up ×1
GLW Corning Incorporated Common Stock $4,474,112 2.44% 17,516
MSFT Microsoft Corporation - Common Stock $4,468,906 2.44% 11,980 $6,466 Down ×6
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $4,464,741 2.43% 5,850 $837,642 Down ×1
IGV iShares Trust $4,315,313 2.35% 47,630 $2,077,675 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $4,211,555 2.30% 7,477 $-72,334 Down ×4
AMLP ALPS ETF Trust $3,972,678 2.17% 76,619 $-237,073 Down ×1
CIBR First Trust NASDAQ Cybersecurity ETF $3,833,131 2.09% 42,661 $3,513,463 Up ×1
XME SPDR SERIES TRUST $3,562,373 1.94% 33,315 $-812,253 Down ×6
XLK SELECT SECTOR SPDR TRUST $3,379,256 1.84% 17,737 $476,585 Down ×2
LHX L3Harris Technologies, Inc. Common Stock $3,372,297 1.84% 11,605 $-736,714 Down ×4
XLC SELECT SECTOR SPDR TRUST $3,301,101 1.80% 30,814 $-103,879 Up ×3
NUKZ EXCHANGE TRADED CONCEPTS TRUST $3,194,457 1.74% 46,867 $5,854 Down ×2
XLE SELECT SECTOR SPDR TRUST $3,123,288 1.70% 58,808 $-3,131,719 Down ×1
GD General Dynamics Corporation Common Stock $3,076,574 1.68% 8,685 $160,920 Up ×1
VRT Vertiv Holdings, LLC Class A Common Stock $3,013,380 1.64% 9,000 $808,276 Up ×1
XLF SELECT SECTOR SPDR TRUST $2,858,069 1.56% 53,312 $-295,649 Down ×2
CRWV CoreWeave, Inc. - Class A Common Stock $2,630,842 1.43% 26,430 $-96,489 Down ×1
RSP Invesco Exchange-Traded Fund Trust $2,624,163 1.43% 12,333 $1,082,482 Up ×1
BIP Brookfield Infrastructure Partners LP Limited Partnership Units $2,617,793 1.43% 71,740 $473,349 Up ×1
FENI Fidelity Covington Trust $2,612,388 1.42% 65,098 $-323,482 Down ×1
JEPQ JPMorgan Nasdaq Equity Premium Income ETF $2,526,596 1.38% 41,110 $397,787 Up ×1
SPMO Invesco Exchange-Traded Fund Trust II $2,482,062 1.35% 15,365 Up ×1
VOO VANGUARD INDEX FUNDS $2,476,194 1.35% 3,605 $587,172 Up ×6
BE Bloom Energy Corporation Class A Common Stock $2,300,520 1.25% 7,600 Up ×1
SHLD Global X Funds $2,166,936 1.18% 36,291 $-395,488 Up ×1
GNRC Generac Holdlings Inc. Common Stock $2,078,951 1.13% 7,100 $1,219,499 Up ×1
FSTA FIDELITY COVINGTON TRUST $2,025,680 1.10% 38,555 $36,983 Up ×1
IFRA iShares Trust $1,903,178 1.04% 30,190 $687,106 Up ×1
WMB Williams Companies, Inc. (The) Common Stock $1,888,236 1.03% 25,400 $46,902 Up ×1
SGRT Tidal Trust I $1,824,237 0.99% 48,646 Up ×1
SPYI NEOS ETF Trust $1,754,310 0.96% 33,044 Up ×1
AFRM Affirm Holdings, Inc. - Class A Common Stock $1,732,938 0.94% 21,250 $592,020 Down ×1
IWMI NEOS ETF Trust $1,667,212 0.91% 31,151 Up ×1
CEG Constellation Energy Corporation - Common Stock When-Issued $1,614,405 0.88% 6,500 $-116,945 Up ×1
GRMN Garmin Ltd. Common Stock (Switzerland) $1,377,732 0.75% 5,800 $426,491 Up ×1
JAAA Janus Detroit Street Trust $1,246,730 0.68% 24,693 $541,023 Up ×1
QQQI NEOS Nasdaq 100 High Income ETF $1,230,128 0.67% 21,661 Up ×1
IWM iShares Trust $935,310 0.51% 3,113 $-1,637,473 Down ×1
AVGO Broadcom Inc. - Common Stock $906,600 0.49% 2,400 Up ×1
JEPI J.P. Morgan Exchange-Traded Fund Trust $820,563 0.45% 14,528 $-810,117 Down ×5
ARTY iShares Trust $807,296 0.44% 10,600 $312,915 Down ×2
QQQM Invesco NASDAQ 100 ETF $623,867 0.34% 2,059 $277,322 Up ×1
KTOS Kratos Defense & Security Solutions, Inc. - Common Stock $588,348 0.32% 11,800 $-955,821 Down ×1
FDN First Trust Exchange-Traded Fund $529,440 0.29% 2,000 Up ×1
GPIX Goldman Sachs S&P 500 Premium Income ETF $445,060 0.24% 8,009 $-145,412 Down ×1
FFLG FIDELITY COVINGTON TRUST $416,160 0.23% 12,000 $82,440
IAUI NEOS ETF Trust $402,474 0.22% 8,307 Up ×1
AIRR First Trust RBA American Industrial Renaissance ETF $399,750 0.22% 3,000 $178,190 Up ×1
NEAR iShares U.S. ETF Trust $347,262 0.19% 6,855
FMDE Fidelity Covington Trust $324,640 0.18% 8,000 $54,940 Up ×1
THRO iShares U.S. Thematic Rotation Active ETF $215,550 0.12% 5,000 Up ×1
BUG Global X Cybersecurity ETF $210,045 0.11% 5,500 Up ×1
MDB MongoDB, Inc. - Class A Common Stock $201,540 0.11% 600

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
XLC $3,301,101 1.80% up ×3
VOO $2,476,194 1.35% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
GLW $4,474,112 17,516 2.44%
SPMO $2,482,062 15,365 1.35%
BE $2,300,520 7,600 1.25%
SGRT $1,824,237 48,646 0.99%
SPYI $1,754,310 33,044 0.96%
IWMI $1,667,212 31,151 0.91%
QQQI $1,230,128 21,661 0.67%
AVGO $906,600 2,400 0.49%
FDN $529,440 2,000 0.29%
IAUI $402,474 8,307 0.22%
NEAR $347,262 6,855 0.19%
THRO $215,550 5,000 0.12%
BUG $210,045 5,500 0.11%
MDB $201,540 600 0.11%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
XLE Trimmed -43K -$3.1M
PANW Trimmed -1K +$2.4M
IGV Bought more +20K +$2.1M
QQQ Trimmed -330 +$2.0M
IWM Trimmed -7K -$1.6M
LLY Bought more +346 +$1.5M
GNRC Bought more +3K +$1.2M
GE Trimmed -948 +$1.1M
SPY Trimmed -229 +$1.1M
RSP Bought more +4K +$1.1M

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
PLTR Sept. 30, 2025 37,196 $5,070,559 3.5%
CRWV Dec. 31, 2025 26,870 $3,677,160 25.2%
V June 30, 2025 10,275 $3,600,976 1.6%
AXP Sept. 30, 2025 11,243 $3,586,135 -8.8%
IBM March 31, 2026 11,195 $3,316,071 -8.1%
BRK-B (filed as BRKB) Sept. 30, 2025 6,486 $3,150,704 No longer tracked
GLD June 30, 2026 7,205 $3,100,239
IYT June 30, 2026 38,571 $2,877,372 -7.6%
XLI June 30, 2026 17,395 $2,813,353 -8.2%
OKE Dec. 31, 2025 35,055 $2,557,963 19.6%
XLB March 31, 2026 55,784 $2,529,804 No longer tracked
VTWO Dec. 31, 2025 23,921 $2,339,952
GEHC March 31, 2026 27,750 $2,276,055 -9.7%
CRM March 31, 2026 8,506 $2,253,260 25.7%
MLPA March 31, 2026 45,600 $2,207,496 1.3%
UBER March 31, 2026 26,650 $2,177,572 -5.3%
CVX June 30, 2025 11,300 $1,890,377 44.3%
HON Dec. 31, 2025 8,400 $1,768,200 9.7%
GLW March 31, 2026 19,850 $1,738,066 20.8%
EUAD Dec. 31, 2025 36,609 $1,719,525
LION June 30, 2026 174,300 $1,671,537 -27.1%
EES Sept. 30, 2025 29,806 $1,518,914
FDX March 31, 2026 5,100 $1,473,186 -18.5%
BAM March 31, 2026 27,225 $1,426,318 0.9%
UNH March 31, 2026 4,300 $1,419,473 37.4%
BA June 30, 2026 6,847 $1,362,758 -10.6%
SRVR Dec. 31, 2025 41,300 $1,308,384
NEAR March 31, 2026 19,898 $1,016,788
FYEE March 31, 2026 32,705 $937,979
HON June 30, 2026 3,900 $881,517 -4.4%
XLP March 31, 2026 10,129 $786,821 No longer tracked
AVAV June 30, 2026 3,800 $695,590 -14.7%
ENB Dec. 31, 2025 13,500 $681,210 -3.9%
WTAI March 31, 2026 22,148 $645,393
XBI March 31, 2026 5,000 $609,650 20.9%
CCJ June 30, 2025 10,000 $411,600 14.8%
BX Sept. 30, 2025 2,415 $361,236 -34.6%
CIBR Dec. 31, 2025 4,700 $357,247
FLDR June 30, 2026 6,649 $332,793
FELC March 31, 2026 8,456 $322,766
XOM March 31, 2026 2,600 $312,884 -3.3%
NXST Sept. 30, 2025 1,800 $311,310 -21.4%
DTCR March 31, 2026 12,221 $257,863
MDB March 31, 2026 600 $251,814 46.2%
OIH June 30, 2025 800 $209,696 70.9%
BAI March 31, 2026 6,035 $200,966
AUTL Sept. 30, 2025 25,000 $57,000 9.2%
ESPR Sept. 30, 2025 10,300 $10,139 No longer tracked