Sector breakdown

04
Healthcare 25.8%
Energy 11.3%
Technology 11.1%
Financials 10.4%
Industrials 9.9%
Communication Services 6.9%
Materials 4.0%
Retail 3.4%
Consumer products 1.9%
Real Estate 1.8%
Consumer Discretionary 1.4%
Consumer Staples 1.2%
Utilities 0.6%
Other/Unmapped 10.4%

Full portfolio 478 positions

05
Type Streak 8Q trend
CORT Corcept Therapeutics Incorporated - Common Stock $689,905 18.83% 7,934,507 $383,198 Up ×2
OCANF CUSIP: 675222400 $251,910 6.87% 10,044,277 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $106,489 2.91% 297,979 $19,771 Down ×1
WMB Williams Companies, Inc. (The) Common Stock $101,588 2.77% 1,366,537 $276 Down ×1
AAPL Apple Inc. - Common Stock $98,147 2.68% 339,187 $11,526 Down ×6
XOM Exxon Mobil Corporation Common Stock $92,054 2.51% 673,305 $-23,217 Down ×1
CNQ Canadian Natural Resources Limited Common Stock $88,512 2.42% 2,240,810 $-25,396 Down ×4
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $86,305 2.36% 172,476 $2,899 Down ×1
PAAS Pan American Silver Corp. Common Stock $79,039 2.16% 1,764,657 $-18,193 Down ×4
MSFT Microsoft Corporation - Common Stock $74,083 2.02% 198,602 $1,859 Up ×2
JPM JP Morgan Chase & Co. Common Stock $62,618 1.71% 191,298 $5,700 Down ×6
GOOG Alphabet Inc. - Class C Capital Stock $52,435 1.43% 148,401 $10,304 Up ×1
AMZN Amazon.com, Inc. - Common Stock $51,963 1.42% 218,020 $7,173 Up ×6
FTAI FTAI Aviation Ltd. - Common Stock $45,991 1.25% 170,003 $45,344 Up ×1
NVDA NVIDIA Corporation - Common Stock $45,699 1.25% 228,390 $5,944 Up ×2
DE Deere & Company Common Stock $40,151 1.10% 63,296 $4,331 Down ×1
EXPE Expedia Group, Inc. - Common Stock $35,941 0.98% 140,462 $3,334 Down ×1
OMER Omeros Corporation - Common Stock $34,802 0.95% 3,659,523 $-2,786 Up ×2
ABBV AbbVie Inc. Common Stock $34,187 0.93% 135,858 $3,820 Down ×3
HXL Hexcel Corporation Common Stock $33,481 0.91% 334,606 $6,044 Down ×6
C Citigroup, Inc. Common Stock $32,928 0.90% 235,269 $5,439 Down ×4
PG Procter & Gamble Company (The) Common Stock $32,769 0.89% 223,463 $278 Down ×4
RTX RTX Corporation Common Stock $30,008 0.82% 158,163 $-934 Down ×6
RRC Range Resources Corporation Common Stock $29,512 0.81% 793,550 $-6,115 Up ×2
ABT Abbott Laboratories Common Stock $28,736 0.78% 316,680 $-3,311 Up ×2
GL Globe Life Inc. Common Stock $28,080 0.77% 157,151 $6,209
HD Home Depot, Inc. (The) Common Stock $26,417 0.72% 74,904 $1,551 Down ×3
MRK Merck & Company, Inc. Common Stock (new) $26,211 0.72% 203,973 $1,343 Down ×6
STRS Stratus Properties Inc. - Common Stock $25,752 0.70% 895,730 $-1,609 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $25,140 0.69% 44,630 $-854 Down ×1
TECK Teck Resources Ltd Ordinary Shares $24,739 0.68% 416,059 $2,877 Down ×1
CB Chubb Limited Common Stock $23,931 0.65% 70,231 $809 Down ×1
TTE TotalEnergies SE Ordinary Shares $21,315 0.58% 274,116 $-4,043 Down ×1
UBER Uber Technologies, Inc. Common Stock $21,110 0.58% 292,545 $1,593 Up ×6
NVS Novartis AG Common Stock $21,092 0.58% 134,587 $336 Down ×1
VOO VANGUARD INDEX FUNDS $20,610 0.56% 30,008 $2,679
AMAT Applied Materials, Inc. - Common Stock $19,719 0.54% 27,274 $10,378 Down ×4
NFLX Netflix, Inc. - Common Stock $19,469 0.53% 272,678 $9,586 Up ×3
JNJ Johnson & Johnson Common Stock $18,923 0.52% 74,509 $602 Down ×6
IVV iShares Trust $18,015 0.49% 24,055 $2,213 Down ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $17,933 0.49% 37,551 $5,171 Down ×1
AVGO Broadcom Inc. - Common Stock $17,605 0.48% 46,605 $3,308 Up ×2
PFE Pfizer, Inc. Common Stock $17,587 0.48% 730,345 $-2,296 Up ×1
MRVL Marvell Technology, Inc. - Common Stock $17,514 0.48% 58,793 $10,989 Down ×1
UL Unilever PLC American Depositary Shares (each representing One Ordinary Share) $17,471 0.48% 290,596 $3,061 Up ×1
TMUS T-Mobile US, Inc. - Common Stock $16,803 0.46% 100,180 $-13,143 Down ×1
WSM Williams-Sonoma, Inc. Common Stock (DE) $16,715 0.46% 71,709 $3,674 Up ×2
ROP Roper Technologies, Inc. - Common Stock $16,523 0.45% 48,829 $-936 Down ×4
TBN Tamboran Resources Corporation Common stock $16,401 0.45% 504,497 $-574 Up ×2
CP Canadian Pacific Kansas City Limited Common Shares $16,301 0.44% 188,125 $1,822 Up ×6
CACC Credit Acceptance Corporation - Common Stock $15,673 0.43% 24,614 $5,048 Down ×1
NN NextNav Inc. - Common stock $15,488 0.42% 868,674 $3,356 Up ×2
KVUE Kenvue Inc. Common Stock $14,758 0.40% 772,266 $1,741 Up ×3
MCO Moody's Corporation Common Stock $13,449 0.37% 29,694 $408 Down ×2
LLY Eli Lilly and Company Common Stock $13,260 0.36% 11,055 $3,279 Up ×2
NSC Norfolk Southern Corporation Common Stock $13,162 0.36% 41,839 $979 Down ×5
FBIN Fortune Brands Innovations, Inc. Common Stock $12,464 0.34% 227,039 $2,684 Down ×1
MDLZ Mondelez International, Inc. - Class A Common Stock $12,372 0.34% 213,892 $-136 Down ×2
PYPL PayPal Holdings, Inc. - Common Stock $12,143 0.33% 281,219 $1,198 Up ×4
WRLD World Acceptance Corporation - Common Stock $11,915 0.33% 53,231 $4,672 Down ×2
SPY SPY $11,045 0.30% 14,791 $-5,193 Down ×3
UNP Union Pacific Corporation Common Stock $11,012 0.30% 40,484 $1,005 Down ×6
OXY Occidental Petroleum Corporation Common Stock $10,907 0.30% 224,553 $1,848 Up ×2
PANW Palo Alto Networks, Inc. - Common Stock $10,390 0.28% 30,468 $5,543 Up ×6
UBS UBS Group AG Registered Ordinary Shares $10,389 0.28% 209,623 $2,812 Up ×4
PH Parker-Hannifin Corporation Common Stock $10,357 0.28% 10,589 $921 Up ×2
GDXJ VanEck ETF Trust $10,022 0.27% 102,000 $9,773 Up ×1
CTO CTO Realty Growth, Inc. Common Stock $9,773 0.27% 454,354 $1,098 Down ×3
MCK McKesson Corporation Common Stock $9,743 0.27% 12,895 $-1,448 Down ×1
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $9,735 0.27% 13 $1,117 Up ×1
FCX Freeport-McMoRan, Inc. Common Stock $9,593 0.26% 152,540 $106 Down ×4
MA Mastercard Incorporated Common Stock $9,579 0.26% 18,651 $471 Up ×1
CCJ Cameco Corporation Common Stock $9,476 0.26% 93,030 $8,072 Up ×1
W Wayfair Inc. Class A Common Stock $9,118 0.25% 98,653 $1,723 Up ×1
KHC The Kraft Heinz Company - Common Stock $8,775 0.24% 371,519 $2,115 Up ×2
DAL Delta Air Lines, Inc. Common Stock $8,726 0.24% 93,166 $2,641 Up ×1
BAC Bank of America Corporation Common Stock $8,696 0.24% 152,612 $1,011 Down ×6
CMPR Cimpress plc - Ordinary Shares $8,499 0.23% 83,574 $2,358 Down ×1
Q Qnity Electronics, Inc. Common Stock $8,496 0.23% 52,022 $2,477 Down ×1
GEV GE Vernova Inc. Common Stock $8,461 0.23% 7,202 $1,967 Down ×1
GLD SPDR Gold Shares $8,446 0.23% 22,928 $-1,502 Down ×3
JCI Johnson Controls International plc Ordinary Share $8,362 0.23% 57,233 $736 Down ×6
GS Goldman Sachs Group, Inc. (The) Common Stock $8,333 0.23% 8,239 $-2,465 Down ×6
CPRT Copart, Inc. - Common Stock $8,311 0.23% 294,809 $-1,568 Down ×6
PBI Pitney Bowes Inc. Common Stock $8,092 0.22% 461,897 $3,300 Up ×3
CSCO Cisco Systems, Inc. - Common Stock $8,070 0.22% 68,705 $2,084 Down ×1
PEP PepsiCo, Inc. - Common Stock $7,930 0.22% 58,567 $-1,221 Down ×6
MDB MongoDB, Inc. - Class A Common Stock $7,649 0.21% 22,771 $1,958 Down ×1
CVX Chevron Corporation Common Stock $7,387 0.20% 44,562 $-2,980 Down ×6
APO Apollo Global Management, Inc. (New) Common Stock $7,300 0.20% 61,701 Up ×1
WMT Walmart Inc. - Common Stock $7,088 0.19% 62,586 $-623 Up ×1
HPQ HP Inc. Common Stock $6,623 0.18% 301,860 $776 Down ×1
PWR Quanta Services, Inc. Common Stock $6,454 0.18% 8,964 $1,515 Down ×1
FMC FMC Corporation Common Stock $6,423 0.18% 558,507 $-432 Up ×5
FOUR Shift4 Payments, Inc. Class A Common Stock $6,231 0.17% 128,104 $925 Up ×4
HHH Howard Hughes Holdings Inc. Common Stock $6,206 0.17% 86,806 $683 Down ×1
V Visa Inc. $6,020 0.16% 17,545 $644 Down ×6
APH Amphenol Corporation Common Stock $5,935 0.16% 33,662 $1,685 Up ×2
ENB Enbridge Inc Common Stock $5,736 0.16% 105,815 $-8 Down ×2
ICE Intercontinental Exchange Inc. Common Stock $5,623 0.15% 45,674 $-1,560 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
AMZN $51,963 1.42% up ×6
UBER $21,110 0.58% up ×6
NFLX $19,469 0.53% up ×3
CP $16,301 0.44% up ×6
KVUE $14,758 0.40% up ×3
PYPL $12,143 0.33% up ×4
PANW $10,390 0.28% up ×6
UBS $10,389 0.28% up ×4
PBI $8,092 0.22% up ×3
FMC $6,423 0.18% up ×5
FOUR $6,231 0.17% up ×4
HYFT $4,796 0.13% up ×3
SEIC $3,715 0.10% up ×4
CCI $3,153 0.09% up ×4
ISRG $3,007 0.08% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
OCANF $251,910 10,044,277 6.87%
APO $7,300 61,701 0.20%
RYN $4,694 220,571 0.13%
Unknown issuer (CUSIP: 26614N201) $4,109 30,291 0.11%
CRS $3,208 5,200 0.09%
Unknown issuer (CUSIP: 43849R105) $2,325 10,516 0.06%
NAVN $1,157 50,581 0.03%
LITE $1,070 1,247 0.03%
AMD $475 817 0.01%
XYL $463 3,913 0.01%
TEAM $431 5,545 0.01%
Unknown issuer (CUSIP: 89472Y107) $414 60,236 0.01%
Unknown issuer (CUSIP: 884903881) $393 4,816 0.01%
Unknown issuer (CUSIP: 314352105) $339 2,243 0.01%
Unknown issuer (CUSIP: 438516205) $292 1,304 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
CORT Bought more +326K +$383K
CNQ Trimmed -97K -$25K
XOM Trimmed -6K -$23K
GOOGL Trimmed -4K +$20K
PAAS Trimmed -15K -$18K
TMUS Trimmed -42K -$13K
AAPL Trimmed -2K +$12K
MRVL Trimmed -7K +$11K
AMAT Trimmed -55 +$10K
GOOG Bought more +2K +$10K

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
UL (filed as ULXXXX) Dec. 31, 2025 296,472 $17,575 -8.7%
DD June 30, 2026 91,962 $4,212 -4.2%
GOLD June 30, 2025 209,237 $4,068 90.7%
IPA Sept. 30, 2025 2,779,363 $2,946 No longer tracked
WBA June 30, 2025 247,130 $2,760 No longer tracked
HON June 30, 2026 11,450 $2,588 -4.4%
F June 30, 2026 142,242 $1,641 -12.9%
BHF Dec. 31, 2025 26,003 $1,380 -22.8%
KSS Sept. 30, 2025 129,600 $1,099 22.4%
ST June 30, 2026 25,454 $896 -8.9%
CTRA June 30, 2026 25,400 $893 No longer tracked
DRRX Sept. 30, 2025 1,349,435 $857 No longer tracked
FND Dec. 31, 2025 10,750 $792 -25.3%
ESTC June 30, 2025 8,859 $789 11.4%
BERY June 30, 2025 10,752 $751 No longer tracked
DPZ June 30, 2025 1,568 $720 -34.0%
BTE Dec. 31, 2025 285,000 $667 43.3%
MAGS March 31, 2026 10,000 $660
M Dec. 31, 2025 34,400 $617 3.1%
WBD Sept. 30, 2025 51,506 $590 58.4%
TRI June 30, 2026 5,601 $504 19.5%
LULU Sept. 30, 2025 1,957 $465 -46.9%
NGD March 31, 2026 52,424 $457 No longer tracked
LEG June 30, 2026 45,445 $449 No longer tracked
TGB June 30, 2026 65,925 $425 No longer tracked
MSCI June 30, 2025 748 $423 -7.1%
SSB (filed as SSBXXXX) Sept. 30, 2025 4,445 $409 3.1%
NYAX March 31, 2026 8,000 $405 -12.5%
LB Dec. 31, 2025 7,000 $373 71.0%
IP Dec. 31, 2025 8,022 $372 -18.8%
GAP Sept. 30, 2025 16,990 $371 5.2%
MNDY Dec. 31, 2025 1,900 $368 -46.6%
KSPI Dec. 31, 2025 4,164 $340 20.4%
XLU June 30, 2025 4,304 $339 No longer tracked
AL June 30, 2026 5,105 $332 No longer tracked
CHTR Sept. 30, 2025 747 $305 -60.3%
NNAVW June 30, 2026 48,174 $305 No longer tracked
TPL Sept. 30, 2025 288 $304 9.3%
XLB June 30, 2025 3,498 $301 No longer tracked
PII Dec. 31, 2025 5,000 $291 -15.1%
DMLP June 30, 2025 9,397 $283 2.8%
FISV Dec. 31, 2025 2,144 $277 -34.0%
DOW June 30, 2025 7,916 $276 5.6%
PRU Dec. 31, 2025 2,665 $276 -0.2%
IWB Sept. 30, 2025 786 $267
OR (filed as ORXXXX) June 30, 2025 12,585 $266 34.1%
IDCC March 31, 2026 827 $263 11.0%
WK June 30, 2026 4,366 $260 46.8%
UTHR June 30, 2026 431 $256 0.0%
EVR March 31, 2026 746 $254 -12.3%
SOBO Dec. 31, 2025 8,885 $251 23.1%
FSLR March 31, 2026 945 $247 -11.5%
MSTR Sept. 30, 2025 602 $243 -50.3%
BF-B (filed as BFB) June 30, 2026 9,149 $242 No longer tracked
PD March 31, 2026 18,382 $241 147.0%
CTSH June 30, 2026 3,852 $236 51.1%
VST Sept. 30, 2025 1,198 $232 -28.5%
AKAM Dec. 31, 2025 3,043 $231 24.8%
BKR June 30, 2025 5,203 $229 46.1%
KTOS Dec. 31, 2025 2,510 $229 -43.3%
NRG Dec. 31, 2025 1,414 $229 -40.2%
SYY Dec. 31, 2025 2,773 $228 5.2%
PNR March 31, 2026 2,150 $224 -39.1%
SONY March 31, 2026 8,760 $224 15.1%
ROK March 31, 2026 554 $216 26.6%
VEU June 30, 2026 2,864 $215
SAP June 30, 2026 1,249 $214 35.3%
DDOG March 31, 2026 1,567 $213 134.8%
NOW Sept. 30, 2025 207 $213 -27.0%
PGR June 30, 2026 1,071 $212 -3.7%
BXMT June 30, 2026 11,000 $211 -35.7%
BDX June 30, 2026 1,329 $209 16.8%
K Sept. 30, 2025 2,623 $209 No longer tracked
CC June 30, 2026 9,413 $207 -33.2%
CHD June 30, 2025 1,871 $206 -1.9%
IUSG Sept. 30, 2025 1,370 $206
ENPH June 30, 2025 3,293 $204 -15.6%
KWR June 30, 2025 1,640 $203 43.6%
MUSA Sept. 30, 2025 500 $203 32.6%
SHOP June 30, 2026 1,713 $203 32.6%
TEVA Sept. 30, 2025 10,000 $168 95.7%
STNE March 31, 2026 10,445 $154 -32.4%
MSTY Dec. 31, 2025 10,950 $153 -44.3%
CDE June 30, 2025 25,110 $149 99.3%
VLY June 30, 2026 10,500 $129 -12.5%
CLB Dec. 31, 2025 10,000 $124 -38.1%
AQN Dec. 31, 2025 15,400 $83 -17.1%
ALIT Sept. 30, 2025 13,441 $76 171.5%
LAC March 31, 2026 14,000 $61 -35.4%
BRN June 30, 2025 22,357 $36 No longer tracked
INUV June 30, 2025 87,960 $31 No longer tracked
CDLX June 30, 2025 10,715 $20 53.8%
FARM Sept. 30, 2025 10,100 $14 No longer tracked
CHPT (filed as CHPTXXXX) June 30, 2025 12,000 $7 -33.9%
PIII June 30, 2025 10,000 $2 1.0%