Sector breakdown

04
Financials 65.8%
Communication Services 28.2%
Industrials 6.0%

Full portfolio 15 positions

05
Type Streak 8Q trend
GOOGL Alphabet Inc. - Class A Common Stock $37,863,352 28.19% 105,950 $3,514,310 Down ×2
V Visa Inc. $22,695,404 16.90% 66,150 $3,004,468 Up ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $20,741,166 15.44% 41,450 $878,326
CBNA Chain Bridge Bancorp, Inc. Class A Common Stock $14,050,461 10.46% 334,137 $3,279,902 Up ×2
MA Mastercard Incorporated Common Stock $9,809,760 7.30% 19,100 $765,914 Up ×2
HEI-A (filed as HEIA) HEICO Corporation Class A $6,834,615 5.09% 26,500 $3,351,630 Up ×2
PGR Progressive Corporation (The) Common Stock $5,570,475 4.15% 25,500 $4,281,915 Up ×1
SPGI S&P Global Inc. Common Stock $4,887,120 3.64% 12,000 $-216,960
IGIC International General Insurance Holdings Ltd. - Ordinary Shares $2,104,068 1.57% 80,400 $762,003 Up ×1
RLI RLI Corp. Common Stock (DE) $2,067,450 1.54% 35,000 $71,050
MCO Moody's Corporation Common Stock $2,038,140 1.52% 4,500 $75,015
NBN Northeast Bank - Common Stock $1,590,360 1.18% 12,000 Up ×1
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $1,497,700 1.12% 2 $61,420
KNSL Kinsale Capital Group, Inc. Common Stock $1,319,240 0.98% 4,000 $-47,400
APH Amphenol Corporation Common Stock $1,234,240 0.92% 7,000 $349,790

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
NBN $1,590,360 12,000 1.18%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
PGR Bought more +19K +$4.3M
GOOGL Trimmed -14K +$3.5M
HEI-A (filed as HEIA) Bought more +10K +$3.4M
CBNA Bought more +26K +$3.3M
V Bought more +1K +$3.0M
BRK-B (filed as BRKB) Price move only +0 +$878K
MA Bought more +1K +$766K
IGIC Bought more +25K +$762K
APH Price move only +0 +$350K
SPGI Price move only +0 -$217K

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
CBNK June 30, 2026 19,504 $580,049 12.7%
JMSB March 31, 2026 5,000 $99,950 13.0%