Performance vs S&P 500

03
Tracked Q4 2025–Q3 2026 +3.2%
S&P 500 total return (same window) +11.0%
Excess return -7.8%

Annualized: +4.2% · S&P 500: +15.0%

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: 94.6% · Options excluded: 0.0%

Sector breakdown

04
Technology 23.5%
Communication Services 10.7%
Healthcare 10.7%
Financials 9.1%
Industrials 7.3%
Retail 4.4%
Consumer Staples 3.9%
Energy 3.9%
Consumer Discretionary 3.4%
Utilities 2.0%
Real Estate 1.9%
Materials 1.1%
Consumer products 0.7%
Other/Unmapped 17.6%

Full portfolio 170 positions

05
Type Streak 8Q trend
SPYG SPDR SERIES TRUST $9,665,318 6.92% 78,528 $808,943 Up ×2
NVDA NVIDIA Corporation - Common Stock $8,533,435 6.11% 37,364 $911,793 Down ×1
MSFT Microsoft Corporation - Common Stock $4,975,511 3.56% 9,700 $1,327,322 Down ×1
AMZN Amazon.com, Inc. - Common Stock $4,115,460 2.95% 16,518 $48,903 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $3,926,087 2.81% 11,410 $69,117 Up ×2
BIL SPDR SERIES TRUST $3,738,229 2.68% 40,792 $-70,158 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $3,306,909 2.37% 4,560 $321,591 Down ×3
AAPL Apple Inc. - Common Stock $2,971,208 2.13% 8,921 $1,008,620 Up ×2
TSLA Tesla, Inc. - Common Stock $2,686,976 1.92% 7,573 $-1,200,630 Down ×3
GOOG Alphabet Inc. - Class C Capital Stock $2,517,903 1.80% 7,389 $-316,882 Down ×3
V Visa Inc. $2,381,673 1.71% 6,627 $-285,076 Down ×3
AVGO Broadcom Inc. - Common Stock $1,773,142 1.27% 5,048 $500,679 Up ×2
VZ Verizon Communications Inc. Common Stock $1,607,673 1.15% 35,048 $271,406 Up ×2
BA Boeing Company (The) Common Stock $1,565,797 1.12% 8,416 $-597,388 Down ×3
PM Philip Morris International Inc Common Stock $1,469,664 1.05% 7,701 $300,925 Up ×2
NFLX Netflix, Inc. - Common Stock $1,420,010 1.02% 20,407 $-451,905 Down ×3
MU Micron Technology, Inc. - Common Stock $1,409,166 1.01% 1,323 $694,638 Up ×1
JNJ Johnson & Johnson Common Stock $1,346,006 0.96% 5,083 $-5,909 Down ×1
GILD Gilead Sciences, Inc. - Common Stock $1,332,707 0.95% 8,940 $199,062 Down ×1
MDT Medtronic plc. Ordinary Shares $1,302,313 0.93% 15,092 $267,370 Up ×2
RTX RTX Corporation Common Stock $1,209,932 0.87% 6,517 $155,815 Up ×2
MRK Merck & Company, Inc. Common Stock (new) $1,196,999 0.86% 8,236 $224,854 Up ×2
ORCL Oracle Corporation Common Stock $1,160,468 0.83% 8,451 $-538,299 Down ×3
BALT Innovator Defined Wealth Shield ETF $1,147,234 0.82% 32,825 $64,953 Up ×2
AMD Advanced Micro Devices, Inc. - Common Stock $1,147,050 0.82% 1,875 $677,093 Up ×1
CME CME Group Inc. - Class A Common Stock $1,146,438 0.82% 4,375 $167,314 Down ×1
COP ConocoPhillips Common Stock $1,133,645 0.81% 9,057 $338,219 Up ×2
EALT Innovator U.S. Equity 5 to 15 Buffer ETF - Quarterly $1,125,541 0.81% 30,803 $63,762 Up ×2
CRM Salesforce, Inc. Common Stock $1,092,696 0.78% 4,759 $230,965 Down ×1
SHOP Shopify Inc. - Class A Subordinate Voting Shares $1,054,562 0.76% 7,111 $-55,839 Down ×3
Unknown issuer (CUSIP: 30233Q108) $1,054,486 0.76% 6,478 Up ×1
MNST Monster Beverage Corporation - Common Stock $993,303 0.71% 23,866 $-473,488 Up ×1
AMAT Applied Materials, Inc. - Common Stock $960,518 0.69% 1,877 $322,706 Up ×1
ABBV AbbVie Inc. Common Stock $957,775 0.69% 3,661 $-51,929 Down ×3
KO Coca-Cola Company (The) Common Stock $955,571 0.68% 11,099 $133,687 Up ×2
VRTX Vertex Pharmaceuticals Incorporated - Common Stock $954,128 0.68% 1,825 $-243,985 Down ×3
BAC Bank of America Corporation Common Stock $934,072 0.67% 17,160 $44,715 Up ×2
LLY Eli Lilly and Company Common Stock $922,895 0.66% 797 $82,875 Up ×1
MCD McDonald's Corporation Common Stock $916,245 0.66% 3,967 $15,011 Up ×2
BDX Becton, Dickinson and Company Common Stock $904,432 0.65% 5,051 $204,134 Up ×2
TXN Texas Instruments Incorporated - Common Stock $898,664 0.64% 3,208 $64,837 Up ×1
MDLZ Mondelez International, Inc. - Class A Common Stock $875,938 0.63% 15,149 $14,053 Up ×3
DIS Walt Disney Company (The) Common Stock $872,733 0.62% 8,318 $-118,489 Down ×3
SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) $871,568 0.62% 9,168
SCHW Charles Schwab Corporation (The) Common Stock $870,010 0.62% 8,900 $174,949 Up ×2
APD Air Products and Chemicals, Inc. Common Stock $867,140 0.62% 3,115 $-46,503 Down ×1
PEP PepsiCo, Inc. - Common Stock $857,315 0.61% 6,765 $140,269 Up ×2
PG Procter & Gamble Company (The) Common Stock $809,400 0.58% 5,571 $258,016 Up ×2
OXY Occidental Petroleum Corporation Common Stock $789,936 0.57% 14,278 $189,879 Up ×1
UNP Union Pacific Corporation Common Stock $781,346 0.56% 2,870 $82,879 Up ×2
JPM JP Morgan Chase & Co. Common Stock $777,530 0.56% 2,349 $173,189 Up ×2
SCHD SCHWAB STRATEGIC TRUST $773,234 0.55% 23,769 $64,123 Up ×2
QCOM QUALCOMM Incorporated - Common Stock $767,296 0.55% 4,168 $173,407 Up ×1
ENB Enbridge Inc Common Stock $754,808 0.54% 16,235 $-32,100 Up ×2
CVX Chevron Corporation Common Stock $754,512 0.54% 3,694 $266,393 Up ×2
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF $742,945 0.53% 16,363 $180,052 Up ×2
SPG Simon Property Group, Inc. Common Stock $737,537 0.53% 3,672 $15,742 Up ×2
DUK Duke Energy Corporation (Holding Company) Common Stock $735,821 0.53% 6,453 $28,561 Up ×2
WM Waste Management, Inc. Common Stock $721,039 0.52% 3,535 $6,133 Up ×2
AXP American Express Company Common Stock $681,337 0.49% 2,239 $27,836 Up ×2
LRCX Lam Research Corporation - Common Stock $664,988 0.48% 2,024 $258,869 Up ×1
SPYV SPDR SERIES TRUST $639,567 0.46% 10,462 $49,454 Up ×2
RYN Rayonier Inc. REIT Common Stock $638,971 0.46% 34,802 Up ×1
ADP Automatic Data Processing, Inc. - Common Stock $631,482 0.45% 2,446 $68,919 Down ×3
MA Mastercard Incorporated Common Stock $629,602 0.45% 1,141 $79,712 Up ×1
SUI Sun Communities, Inc. Common Stock $615,176 0.44% 5,553 $126,782 Up ×1
AEP American Electric Power Company, Inc. - Common Stock $611,387 0.44% 5,152 $-9,014 Up ×2
REGN Regeneron Pharmaceuticals, Inc. - Common Stock $611,218 0.44% 805 $-60,365 Down ×3
BN Brookfield Corporation Class A Limited Voting Shares $603,652 0.43% 16,556 $-5,927 Up ×2
CAT Caterpillar, Inc. Common Stock $597,249 0.43% 736 $85,552 Up ×2
SBUX Starbucks Corporation - Common Stock $583,424 0.42% 6,209 $-199,496 Down ×3
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $571,647 0.41% 1,148 $99,279 Up ×1
RSG Republic Services, Inc. Common Stock $563,143 0.40% 2,683 $-81,480 Down ×3
ZTS Zoetis Inc. Class A Common Stock $562,502 0.40% 8,055
ADSK Autodesk, Inc. - Common Stock $558,762 0.40% 2,673 $-132,110 Down ×3
SNA Snap-On Incorporated Common Stock $558,385 0.40% 1,536 $-139,743 Down ×3
HD Home Depot, Inc. (The) Common Stock $548,059 0.39% 1,925 $-189,357 Down ×3
LMT Lockheed Martin Corporation Common Stock $538,239 0.39% 1,056 $116,070 Up ×2
CSCO Cisco Systems, Inc. - Common Stock $530,419 0.38% 4,927 $37,413 Up ×1
TMO Thermo Fisher Scientific Inc Common Stock $521,128 0.37% 771 $33,356 Down ×3
CMCSA Comcast Corporation - Class A Common Stock $511,861 0.37% 23,522 $-137,401 Down ×1
INTC Intel Corporation - Common Stock $505,807 0.36% 4,207 $251,541 Up ×1
WEC WEC Energy Group, Inc. Common Stock $499,598 0.36% 4,956 $-179,644 Down ×3
Unknown issuer (CUSIP: 30609A109) $491,924 0.35% 5,768 Up ×1
WTW Willis Towers Watson Public Limited Company - Ordinary Shares $485,956 0.35% 1,686 $93,640 Up ×2
NVO Novo Nordisk A/S Common Stock $482,988 0.35% 12,740 $-208,517 Down ×3
ARES Ares Management Corporation Class A Common Stock $479,445 0.34% 4,126 $-73,774 Down ×1
EXPD Expeditors International of Washington, Inc. Common Stock $467,854 0.34% 2,533 $-78,282 Down ×3
WFC Wells Fargo & Company Common Stock $464,785 0.33% 5,805 $104,242 Up ×2
GLW Corning Incorporated Common Stock $464,189 0.33% 3,018 $26,810 Up ×2
LOW Lowe's Companies, Inc. Common Stock $456,391 0.33% 2,476 $50,279 Up ×2
DE Deere & Company Common Stock $445,227 0.32% 662 $-59,005 Down ×3
WMT Walmart Inc. - Common Stock $443,576 0.32% 4,268 $38,376 Up ×2
MRVL Marvell Technology, Inc. - Common Stock $429,921 0.31% 1,627 Up ×1
PAPR Innovator U.S. Equity Power Buffer ETF - April $429,900 0.31% 9,956 $22,122 Up ×2
POCT Innovator U.S. Equity Power Buffer ETF - October $429,143 0.31% 8,961 $26,258 Up ×2
C Citigroup, Inc. Common Stock $426,130 0.31% 3,290 $110,818 Up ×2
PJAN Innovator U.S. Equity Power Buffer ETF - January $424,932 0.30% 8,378 $23,964 Up ×2
PJUL Innovator U.S. Equity Power Buffer ETF - July $422,529 0.30% 8,505 $21,603 Up ×2
WSO Watsco, Inc. Common Stock $416,937 0.30% 1,377 $-267,849 Down ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
MDLZ $875,938 0.63% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 30233Q108) $1,054,486 6,478 0.76%
SHEL $871,568 9,168 0.62%
RYN $638,971 34,802 0.46%
ZTS $562,502 8,055 0.40%
Unknown issuer (CUSIP: 30609A109) $491,924 5,768 0.35%
MRVL $429,921 1,627 0.31%
PANW $383,007 964 0.27%
KLAC $335,673 1,722 0.24%
HALO $332,083 3,008 0.24%
NET $305,606 880 0.22%
PLTR $295,352 1,579 0.21%
MPC $289,192 730 0.21%
COF $279,996 1,450 0.20%
NCLH $270,052 18,421 0.19%
ABT $259,638 2,627 0.19%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
MSFT Trimmed -80 +$1.3M
TSLA Trimmed -2K -$1.2M
AAPL Bought more +2K +$1.0M
NVDA Trimmed -727 +$912K
SPYG Bought more +4K +$809K
MU Bought more +704 +$695K
AMD Bought more +1K +$677K
BA Trimmed -2K -$597K
CVS Trimmed -4K -$547K
ORCL Trimmed -3K -$538K

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
GIS March 31, 2026 31,468 $1,463,328 -10.3%
ABT March 31, 2026 10,628 $1,331,468 0.9%
WDAY March 31, 2026 5,696 $1,223,388 57.9%
PYPL March 31, 2026 16,636 $971,060 23.3%
ABNB March 31, 2026 6,976 $946,784 32.2%
ZTS March 31, 2026 7,112 $894,756 -33.3%
SPEM March 31, 2026 19,044 $891,360 11.3%
ADBE March 31, 2026 2,416 $845,576 2.4%
KMB March 31, 2026 8,283 $835,722 12.7%
XOM Sept. 30, 2026 6,096 $833,477 10.8%
VCIT March 31, 2026 9,536 $798,552
INTU March 31, 2026 1,064 $704,924 -24.3%
SLYG March 31, 2026 7,400 $697,004 12.4%
AON March 31, 2026 1,948 $687,408 -3.1%
PLTR March 31, 2026 3,772 $670,476 36.4%
SPTL March 31, 2026 24,420 $646,420 -9.2%
UJUL March 31, 2026 15,612 $604,964
UJAN March 31, 2026 13,900 $601,316
UOCT March 31, 2026 15,368 $599,996
AEM Sept. 30, 2026 3,726 $578,003 -2.4%
OKE Sept. 30, 2026 6,504 $565,410 12.0%
UL March 31, 2026 8,472 $554,070 14.2%
SNPS March 31, 2026 1,176 $552,388 19.2%
GD March 31, 2026 1,580 $531,636 3.8%
TRI June 30, 2026 5,832 $524,764 42.3%
ACN June 30, 2026 2,598 $515,372 96.8%
LUV March 31, 2026 12,231 $505,539 15.1%
MAA June 30, 2026 4,040 $493,413 -14.7%
APH March 31, 2026 3,564 $481,992 -36.8%
PEN March 31, 2026 1,506 $468,231 -1.1%
EME March 31, 2026 762 $466,248 -9.8%
SPSM March 31, 2026 9,916 $464,736 10.6%
FAST March 31, 2026 11,364 $456,072 11.1%
FTI March 31, 2026 10,212 $455,046 3.4%
THC March 31, 2026 2,268 $450,696 38.3%
SHEL March 31, 2026 6,120 $449,648 12.9%
UBER March 31, 2026 5,412 $442,216 -8.6%
NVT March 31, 2026 4,314 $439,842 13.5%
ASML March 31, 2026 408 $436,503 25.0%
YUMC March 31, 2026 9,000 $429,600 -6.9%
USB March 31, 2026 7,952 $424,348 14.8%
CSX March 31, 2026 11,704 $424,236 26.2%
B March 31, 2026 9,720 $423,303 -4.2%
OLLI March 31, 2026 3,801 $416,628 -6.4%
COST March 31, 2026 480 $414,308 -1.4%
T March 31, 2026 16,520 $410,348 -27.6%
CASY March 31, 2026 729 $403,011 -8.3%
IEF March 31, 2026 4,188 $402,741
AIG March 31, 2026 4,689 $401,244 6.0%
SPSB March 31, 2026 13,184 $398,068
BSX March 31, 2026 4,149 $395,607 -33.9%
FIX March 31, 2026 417 $389,259 -7.1%
UPS March 31, 2026 3,912 $388,196 7.4%
BLDR March 31, 2026 3,692 $379,870 -30.7%
TPR March 31, 2026 2,955 $377,559 -21.8%
IVV March 31, 2026 543 $370,926
MPWR March 31, 2026 405 $367,290 9.7%
CNC March 31, 2026 8,868 $364,917 110.8%
PWR March 31, 2026 864 $364,660 5.8%
AMD March 31, 2026 1,676 $358,932 177.2%
XDSQ March 31, 2026 8,370 $348,360
HALO March 31, 2026 5,064 $340,809 99.1%
PFE March 31, 2026 13,596 $338,496 5.7%
TJX March 31, 2026 2,196 $337,152 -12.2%
CR March 31, 2026 1,824 $336,480 14.2%
ROST March 31, 2026 1,848 $333,048 6.0%
NET March 31, 2026 1,683 $331,803 61.0%
RJF March 31, 2026 2,052 $329,745 9.5%
GE March 31, 2026 1,064 $328,160 4.2%
VLO March 31, 2026 1,984 $323,068 58.2%
IWF March 31, 2026 669 $317,052 20.0%
MET March 31, 2026 3,933 $310,599 41.5%
IDCC March 31, 2026 975 $310,587 7.9%
VIK March 31, 2026 4,317 $308,277 16.0%
PJT March 31, 2026 1,830 $306,102 1.9%
RMBS March 31, 2026 3,312 $304,341 2.8%
USHY March 31, 2026 8,013 $299,646 -3.6%
GWRE March 31, 2026 1,482 $297,894 15.7%
CW Sept. 30, 2026 388 $294,051 -12.9%
STX March 31, 2026 1,056 $290,814 72.0%
CSGP March 31, 2026 4,314 $290,073 -18.6%
GRMN March 31, 2026 1,416 $287,358 23.5%
KMI March 31, 2026 10,284 $282,680 0.7%
EMR March 31, 2026 2,120 $281,600 25.6%
STRL Sept. 30, 2026 332 $278,667 -25.0%
BKNG March 31, 2026 52 $278,556 -12.3%
PAYC March 31, 2026 1,740 $277,410 114.7%
UNH March 31, 2026 836 $276,268 51.5%
XDQQ March 31, 2026 6,924 $273,774
RGEN March 31, 2026 1,650 $270,369 48.6%
LUV Sept. 30, 2026 5,236 $269,226 3.9%
APG March 31, 2026 6,960 $266,292 1.4%
MPC March 31, 2026 1,623 $263,919 80.2%
BOOT March 31, 2026 1,491 $263,115 -22.6%
APP March 31, 2026 384 $258,744 -35.3%
FENI June 30, 2026 6,891 $256,348
CHRW March 31, 2026 1,593 $256,155 -22.9%
GLDM March 31, 2026 2,991 $255,342 -13.3%
NVT Sept. 30, 2026 1,495 $253,570 -16.3%
ALNY March 31, 2026 630 $250,521 -32.5%
AEIS March 31, 2026 1,191 $249,360 -26.3%
MKC Sept. 30, 2026 4,935 $248,789 2.1%
PSTG March 31, 2026 3,699 $247,869 No longer tracked
HLI March 31, 2026 1,413 $246,384 -7.8%
NKE June 30, 2026 4,653 $245,830 -8.9%
CYBR March 31, 2026 546 $243,549 No longer tracked
EHC March 31, 2026 2,292 $243,273 26.2%
STIP March 31, 2026 2,358 $241,536
DDOG March 31, 2026 1,755 $238,662 136.4%
SPGI March 31, 2026 456 $238,600
JQUA March 31, 2026 3,772 $238,344
HEI March 31, 2026 735 $237,840 12.2%
EW March 31, 2026 2,787 $237,591 13.6%
UFPT March 31, 2026 1,053 $233,796 51.8%
NVMI March 31, 2026 702 $230,529 -24.8%
PRIM March 31, 2026 1,851 $229,812 -52.1%
BBJP March 31, 2026 3,468 $228,477
MDB March 31, 2026 543 $227,892 60.0%
NEE March 31, 2026 2,808 $225,356 -11.5%
SPYD March 31, 2026 5,176 $223,862
CAVA March 31, 2026 3,786 $222,198 -31.6%
ASML Sept. 30, 2026 111 $220,828 -8.8%
XHLF March 31, 2026 4,308 $216,420
SPMB Sept. 30, 2026 9,626 $214,766 0.2%
NEM March 31, 2026 2,152 $214,736 3.7%
TPR Sept. 30, 2026 1,467 $214,667 -4.1%
MSCI June 30, 2026 397 $214,268 8.1%
GOVT Sept. 30, 2026 9,300 $211,852 0.5%
DT March 31, 2026 4,851 $210,243 72.6%
FIX Sept. 30, 2026 106 $210,147 -22.6%
AES June 30, 2026 14,853 $209,293 2.6%
PINS March 31, 2026 8,019 $207,612 13.7%
CVLT March 31, 2026 1,650 $206,844 116.4%
IWP March 31, 2026 1,503 $205,821 11.7%
CRDO March 31, 2026 1,428 $205,476 79.5%
FICO March 31, 2026 120 $202,875 -34.0%
MOG-A (filed as MOGA) March 31, 2026 831 $202,467 No longer tracked
NSC March 31, 2026 700 $202,212 17.5%