Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +61.3%
S&P 500 total return (same window) +37.0%
Excess return +24.3%

Annualized: +46.6% · 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: 95.9% · Options excluded: 0.0%

Sector breakdown

04
Industrials 43.4%
Financials 13.9%
Retail 11.2%
Healthcare 9.2%
Consumer products 8.7%
Technology 5.9%
Energy 1.4%
Communication Services 0.4%
Consumer Staples 0.2%
Other/Unmapped 5.8%

Full portfolio 44 positions

05
Type Streak 8Q trend
VRT Vertiv Holdings, LLC Class A Common Stock $66,150,053 22.27% 197,569 $104,933 Down ×3
KEYS Keysight Technologies Inc. Common Stock $27,725,544 9.33% 79,200 $5,361,840
BX Blackstone Inc. Common Stock $27,017,032 9.10% 229,600 $615,328
SGI Somnigroup International Inc. Common Stock $25,832,800 8.70% 329,500 $24,797,920 Up ×1
AMZN Amazon.com, Inc. - Common Stock $24,787,360 8.34% 104,000 $3,127,280
MIRM Mirum Pharmaceuticals, Inc. - common stock $14,397,269 4.85% 122,980 $3,036,377
DELL Dell Technologies Inc. Class C Common Stock $12,943,800 4.36% 30,000 $8,019,900
SPXC SPX Technologies, Inc. Common Stock $12,810,133 4.31% 52,250 $2,363,268
TCBI Texas Capital Bancshares, Inc. - Common Stock $12,787,925 4.30% 123,842 $1,037,796
Unknown issuer (CUSIP: 866966104) $11,221,500 3.78% 150,000 Up ×1
DHR Danaher Corporation Common Stock $11,047,840 3.72% 58,000 $51,040
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $8,158,300 2.75% 85,000 $-2,505,800
DAKT Daktronics, Inc. - Common Stock $7,824,000 2.63% 400,000 $4,000
PSN Parsons Corporation Common Stock $6,412,536 2.16% 122,400 $-7,449,567 Down ×2
SSNC SS&C Technologies Holdings, Inc. - Common Stock $5,075,690 1.71% 81,800 $-451,536
GWRE Guidewire Software, Inc. Common Stock $4,060,650 1.37% 33,000 $-874,830
SPY SPY $2,987,080 1.01% 4,000 $385,720
DSGR Distribution Solutions Group, Inc. - Common Stock $2,349,338 0.79% 85,899 $95,348
RSP Invesco Exchange-Traded Fund Trust $2,106,423 0.71% 9,900 $206,415
MDAI Spectral AI, Inc. - Class A Common Stock $1,557,000 0.52% 900,000 $234,000
DMLP Dorchester Minerals, L.P. - Common Units Representing Limited Partnership Interests $835,194 0.28% 33,077 $-61,193
MPLX MPLX LP Common Units Representing Limited Partner Interests $805,012 0.27% 14,291 $-10,575
GOOGL Alphabet Inc. - Class A Common Stock $786,214 0.26% 2,200 $153,582
CWST Casella Waste Systems, Inc. - Class A Common Stock $581,820 0.20% 6,000 $105,780
EPD Enterprise Products Partners L.P. Common Stock $514,640 0.17% 14,000 $-15,120
JPM JP Morgan Chase & Co. Common Stock $490,995 0.17% 1,500 $49,755
PM Philip Morris International Inc Common Stock $452,275 0.15% 2,500 $38,925
GLD SPDR Gold Shares $427,321 0.14% 1,160 $-71,815
MRK Merck & Company, Inc. Common Stock (new) $424,050 0.14% 3,300 $27,093
MSFT Microsoft Corporation - Common Stock $391,671 0.13% 1,050 $2,992
ACWI iShares MSCI ACWI ETF $370,449 0.12% 2,360 $43,896
PAGP Plains GP Holdings, L.P. - Class A Shares representing limited partner interests $364,050 0.12% 15,000 $-150
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $362,783 0.12% 725 $15,363
PSX Phillips 66 Common Stock $338,100 0.11% 2,000 $-26,260
ET Energy Transfer LP Common Units $326,570 0.11% 17,080 $-3,074
KRP Kimbell Royalty Partners Common Units Representing Limited Partner Interests $319,660 0.11% 22,000 $1,320
META Meta Platforms, Inc. - Class A Common Stock $309,810 0.10% 550 $-4,862
XOM Exxon Mobil Corporation Common Stock $273,440 0.09% 2,000 $-65,880
WES Western Midstream Partners, LP Common Units Representing Limited Partner Interests $266,936 0.09% 6,100 $15,799
ARCC Ares Capital Corporation - Closed End Fund $259,420 0.09% 14,000 $7,140
V Visa Inc. $240,163 0.08% 700 $28,595
SLB SLB Limited Common Shares $234,310 0.08% 5,040 $-24,696
HD Home Depot, Inc. (The) Common Stock $220,425 0.07% 625 $14,869
ADBE Adobe Inc. - Common Stock $205,020 0.07% 1,000 $-38,060

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 866966104) $11,221,500 150,000 3.78%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
DELL Price move only +0 +$8.0M
PSN Trimmed -134K -$7.4M
KEYS Price move only +0 +$5.4M
AMZN Price move only +0 +$3.1M
MIRM Price move only +0 +$3.0M
BABA Price move only +0 -$2.5M
SPXC Price move only +0 +$2.4M
TCBI Price move only +0 +$1.0M
GWRE Price move only +0 -$875K
BX Price move only +0 +$615K

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
YMM March 31, 2026 1,228,237 $13,178,983 -1.6%
HON March 31, 2026 45,500 $8,876,595 -5.3%
KRE June 30, 2026 100,000 $6,515,000
WSC Dec. 31, 2025 249,800 $5,273,278 -8.1%
NEOG June 30, 2025 100,000 $867,000 154.2%
GHC March 31, 2026 535 $587,751 8.7%
WTM March 31, 2026 280 $581,848 -8.0%
FISV Dec. 31, 2025 1,900 $244,967 -34.0%
AMD Dec. 31, 2025 1,500 $242,685 196.0%
ORCL March 31, 2026 1,170 $228,045 -3.3%
FXI June 30, 2026 6,000 $215,400 7.5%
RSG March 31, 2026 1,000 $211,930 -4.3%
SLB June 30, 2025 5,040 $210,672 44.2%
NOA March 31, 2026 9,186 $132,003 -9.6%
L March 31, 2026 1,225 $129,005 -0.7%
IAC March 31, 2026 3,230 $126,293 No longer tracked
PG March 31, 2026 800 $114,648 0.3%
SEB March 31, 2026 24 $106,676 No longer tracked
MHK March 31, 2026 900 $98,370 28.4%
TAP March 31, 2026 1,755 $81,923 -14.4%
LBTYA March 31, 2026 6,700 $74,638 -26.2%
AMG March 31, 2026 235 $67,746 34.2%
GLIBK March 31, 2026 1,703 $63,369 -37.5%
CNX March 31, 2026 1,525 $56,074 -18.3%
JOUT March 31, 2026 1,175 $49,879 -3.4%
IMKTA March 31, 2026 660 $45,243 -3.6%
POST March 31, 2026 335 $33,182 -26.6%
LBRDK March 31, 2026 534 $25,952 No longer tracked
HTLD March 31, 2026 2,620 $23,659 14.4%
CABO March 31, 2026 199 $22,457 -86.6%