Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +15.2%
S&P 500 total return (same window) +37.0%
Excess return -21.8%

Annualized: +12.0% · 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: 97.9% · Options excluded: 0.0%

Sector breakdown

04
Industrials 23.6%
Health Care 19.4%
Technology 13.8%
Financials 13.1%
Retail 10.6%
Communication Services 7.1%
Consumer products 2.8%
Materials 2.8%
Energy 2.3%
Utilities 1.0%
Consumer Discretionary 1.0%
Other/Unmapped 2.4%

Full portfolio 44 positions

05
Type Streak 8Q trend
LLY Eli Lilly and Company Common Stock $9,309,975 7.03% 7,762 $2,079,663 Down ×5
GOOG Alphabet Inc. - Class C Capital Stock $9,018,395 6.81% 25,524 $1,667,607 Down ×6
AAPL Apple Inc. - Common Stock $7,432,211 5.62% 25,685 $878,084 Down ×6
ROK Rockwell Automation, Inc. Common Stock $6,102,851 4.61% 12,327 $1,683,603 Up ×1
JPM JP Morgan Chase & Co. Common Stock $6,101,431 4.61% 18,640 $601,815 Down ×5
JNJ Johnson & Johnson Common Stock $5,381,116 4.07% 21,188 $150,589 Down ×5
GEV GE Vernova Inc. Common Stock $5,212,854 3.94% 4,437 $1,328,448 Down ×2
WMT Walmart Inc. - Common Stock $5,191,386 3.92% 45,836 $-657,230 Down ×6
MSFT Microsoft Corporation - Common Stock $5,019,730 3.79% 13,457 $3,927 Down ×2
FAST Fastenal Company - Common Stock $4,724,855 3.57% 98,373 $174,175 Up ×6
AMZN Amazon.com, Inc. - Common Stock $4,517,734 3.41% 18,955 $561,645 Down ×2
GNRC Generac Holdlings Inc. Common Stock $4,222,613 3.19% 14,421 $1,438,184 Up ×1
UBER Uber Technologies, Inc. Common Stock $4,204,402 3.18% 58,265 $-108,881 Down ×5
MA Mastercard Incorporated Common Stock $4,102,123 3.10% 7,987 $103,344 Down ×6
SYK Stryker Corporation Common Stock $3,859,309 2.92% 12,258 $-218,493 Down ×3
PG Procter & Gamble Company (The) Common Stock $3,761,610 2.84% 25,652 $56,147 Down ×1
ECL Ecolab Inc. Common Stock $3,739,782 2.83% 13,423 $187,351 Up ×1
CVX Chevron Corporation Common Stock $3,099,878 2.34% 18,701 $-627,425 Up ×1
RBA RB Global, Inc. Common Stock $2,783,388 2.10% 23,902 $371,802 Down ×5
IRTC iRhythm Holdings, Inc. - Common Stock $2,499,378 1.89% 21,012 $-98,242 Down ×5
DXCM DexCom, Inc. - Common Stock $2,447,702 1.85% 36,343 $137,918 Down ×1
HD Home Depot, Inc. (The) Common Stock $2,371,773 1.79% 6,725 $146,832 Down ×3
ISRG Intuitive Surgical, Inc. - Common Stock $2,172,526 1.64% 5,463 $-338,948 Up ×1
COST Costco Wholesale Corporation - Common Stock $1,942,035 1.47% 2,076 $88,676 Up ×2
NOW ServiceNow, Inc. Common Stock $1,888,305 1.43% 19,020 $675,002 Up ×2
ICE Intercontinental Exchange Inc. Common Stock $1,855,760 1.40% 15,074 $-706,331 Down ×6
ORCL Oracle Corporation Common Stock $1,719,325 1.30% 11,732 $-11,424 Down ×2
BX Blackstone Inc. Common Stock $1,677,975 1.27% 14,260 $-459,689 Down ×3
NVDA NVIDIA Corporation - Common Stock $1,604,722 1.21% 8,020 $1,330,042 Up ×1
WM Waste Management, Inc. Common Stock $1,547,902 1.17% 6,945 $34,734 Up ×2
BIV VANGUARD BOND INDEX FUNDS $1,545,582 1.17% 20,151 $-26,111 Down ×1
BA Boeing Company (The) Common Stock $1,450,133 1.10% 6,699 $219,133 Up ×2
WEC WEC Energy Group, Inc. Common Stock $1,363,874 1.03% 11,680 $11,680
AON Aon plc Class A Ordinary Shares (Ireland) $1,293,591 0.98% 3,900 $-1,080,456 Down ×5
SBUX Starbucks Corporation - Common Stock $1,275,229 0.96% 12,479 $235,537 Up ×1
TOST Toast, Inc. Class A Common Stock $1,215,984 0.92% 43,709 $-104,479 Down ×2
SPGI S&P Global Inc. Common Stock $1,139,106 0.86% 2,797 $-1,241,096 Down ×3
AGG iShares Trust $1,094,026 0.83% 11,053 $50,897 Up ×1
CRM Salesforce, Inc. Common Stock $664,239 0.50% 4,240 $-570,396 Down ×5
MDLN Medline Inc. - Class A common stock $549,715 0.42% 13,938 $307,634 Up ×1
CNI Canadian National Railway Company Common Stock $401,242 0.30% 3,365 $14,313 Down ×6
ANET Arista Networks, Inc. Common Stock $321,923 0.24% 1,895 Up ×1
CAT Caterpillar, Inc. Common Stock $266,225 0.20% 250 Up ×1
XYL Xylem Inc. Common Stock New $254,152 0.19% 2,150 $-121,676 Down ×6

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
FAST $4,724,855 3.57% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
ANET $321,923 1,895 0.24%
CAT $266,225 250 0.20%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
LLY Trimmed -99 +$2.1M
ROK Bought more +13 +$1.7M
GOOG Trimmed -101 +$1.7M
GNRC Bought more +166 +$1.4M
GEV Trimmed -13 +$1.3M
SPGI Trimmed -3K -$1.2M
AON Trimmed -3K -$1.1M
AAPL Trimmed -140 +$878K
ICE Trimmed -1K -$706K
NOW Bought more +7K +$675K

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
CSGP Dec. 31, 2025 28,900 $2,438,293 -59.3%
SCHW June 30, 2025 30,335 $2,374,623 6.0%
ZTS Dec. 31, 2025 12,345 $1,806,321 -44.6%
WDAY June 30, 2026 7,745 $1,006,230 52.1%
BRK-A (filed as BRKA) June 30, 2025 1 $798,442 No longer tracked
NKE June 30, 2025 3,305 $209,801 -52.3%