Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +30.3%
S&P 500 total return (same window) +37.0%
Excess return -6.7%

Annualized: +23.6% · 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: 96.4% · Options excluded: 0.0%

Sector breakdown

04
Technology 35.3%
Industrials 15.7%
Healthcare 13.6%
Retail 9.5%
Financials 7.9%
Communication Services 7.2%
Consumer products 2.3%
Energy 2.1%
Materials 1.9%
Utilities 0.7%
Consumer Staples 0.5%
Other/Unmapped 3.3%

Full portfolio 75 positions

05
Type Streak 8Q trend
AAPL Apple Inc. - Common Stock $39,471,599 9.98% 136,410 $4,583,491 Down ×4
AMD Advanced Micro Devices, Inc. - Common Stock $28,374,549 7.17% 48,845 $17,340,302 Down ×5
GOOGL Alphabet Inc. - Class A Common Stock $26,606,553 6.73% 74,451 $4,323,817 Down ×6
NVDA NVIDIA Corporation - Common Stock $17,052,671 4.31% 85,225 $2,078,338 Down ×6
ADI Analog Devices, Inc. - Common Stock $16,994,110 4.30% 42,788 $2,609,729 Down ×6
JNJ Johnson & Johnson Common Stock $16,925,321 4.28% 66,643 $655,151 Up ×1
AMAT Applied Materials, Inc. - Common Stock $15,906,000 4.02% 22,000 $8,296,046 Down ×1
AMZN Amazon.com, Inc. - Common Stock $15,262,341 3.86% 64,036 $1,971,383 Up ×3
MSFT Microsoft Corporation - Common Stock $13,436,181 3.40% 36,020 $478,380 Up ×3
MA Mastercard Incorporated Common Stock $13,062,388 3.30% 25,433 $494,940 Up ×1
RTX RTX Corporation Common Stock $12,393,353 3.13% 65,321 $-234,072 Down ×6
ROK Rockwell Automation, Inc. Common Stock $11,682,402 2.95% 23,597 $3,255,541 Up ×1
ADP Automatic Data Processing, Inc. - Common Stock $11,238,034 2.84% 50,181 $1,048,354 Up ×1
TJX TJX Companies, Inc. (The) Common Stock $10,671,659 2.70% 70,440 $-556,847 Up ×1
HD Home Depot, Inc. (The) Common Stock $9,951,572 2.52% 28,217 $776,199 Up ×5
SBGSY CUSIP: 80687P106 $9,315,918 2.36% 142,926 $1,599,867 Up ×6
LLY Eli Lilly and Company Common Stock $9,253,601 2.34% 7,715 $3,127,013 Up ×5
PG Procter & Gamble Company (The) Common Stock $9,019,387 2.28% 61,507 $188,035 Up ×4
ABT Abbott Laboratories Common Stock $8,162,878 2.06% 89,959 $-1,047,853 Up ×1
VRTX Vertex Pharmaceuticals Incorporated - Common Stock $7,253,747 1.83% 14,603 $1,575,545 Up ×6
ATR AptarGroup, Inc. Common Stock $7,132,394 1.80% 56,968 $-557,725 Down ×6
DHR Danaher Corporation Common Stock $6,669,467 1.69% 35,014 $-119,919 Down ×2
XYL Xylem Inc. Common Stock New $5,809,429 1.47% 49,145 $-34,119 Up ×3
CVX Chevron Corporation Common Stock $5,655,731 1.43% 34,120 $-1,365,420 Up ×1
AXP American Express Company Common Stock $5,305,114 1.34% 15,684 $1,152,064 Up ×4
AVGO Broadcom Inc. - Common Stock $5,076,204 1.28% 13,438 $1,839,968 Up ×2
CNI Canadian National Railway Company Common Stock $4,711,172 1.19% 39,510 $452,382 Down ×6
DE Deere & Company Common Stock $4,148,518 1.05% 6,540 $458,904 Down ×2
UBER Uber Technologies, Inc. Common Stock $3,831,336 0.97% 53,095 $-132,006 Down ×1
SCHW Charles Schwab Corporation (The) Common Stock $3,586,073 0.91% 38,865 $-14,300 Up ×4
JPM JP Morgan Chase & Co. Common Stock $3,208,816 0.81% 9,803 $325,166
ABBV AbbVie Inc. Common Stock $3,144,494 0.79% 12,496 $430,001 Up ×1
XOM Exxon Mobil Corporation Common Stock $2,809,185 0.71% 20,547 $-689,543 Down ×2
INTC Intel Corporation - Common Stock $2,720,691 0.69% 19,485 $1,860,818
WCN Waste Connections, Inc. Common Shares $2,421,172 0.61% 14,525 $962,786 Up ×1
NEE NextEra Energy, Inc. Common Stock $2,141,586 0.54% 24,400 $1,229,040 Up ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $1,834,430 0.46% 3,666 $77,682
BAC Bank of America Corporation Common Stock $1,724,500 0.44% 30,265 $249,081
WMT Walmart Inc. - Common Stock $1,295,695 0.33% 11,440 $-126,068
MRK Merck & Company, Inc. Common Stock (new) $1,234,628 0.31% 9,608 $78,882
BA Boeing Company (The) Common Stock $1,212,232 0.31% 5,600 $97,664
PEP PepsiCo, Inc. - Common Stock $1,195,988 0.30% 8,833 $-238,581 Down ×6
UNP Union Pacific Corporation Common Stock $1,066,240 0.27% 3,920 $115,170
GOOG Alphabet Inc. - Class C Capital Stock $945,177 0.24% 2,675 $134,782 Down ×4
Unknown issuer (CUSIP: 77926X320) $919,432 0.23% 12,450 Up ×1
MMM 3M Company Common Stock $900,543 0.23% 5,562 $92,774
GS Goldman Sachs Group, Inc. (The) Common Stock $804,039 0.20% 795 $110,328 Down ×1
SPY SPY $802,778 0.20% 1,075 $103,663
Unknown issuer (CUSIP: 36240E202) $701,894 0.18% 138,714 $-37,453
KO Coca-Cola Company (The) Common Stock $698,922 0.18% 8,600 $44,892
FISV Fiserv, Inc. - Common Stock $650,697 0.16% 13,266 $-2,751,987 Down ×6
GEV GE Vernova Inc. Common Stock $647,348 0.16% 551 $166,380
SYK Stryker Corporation Common Stock $585,917 0.15% 1,861 $-25,589
D Dominion Energy, Inc. Common Stock $557,042 0.14% 8,157 $52,776
CP Canadian Pacific Kansas City Limited Common Shares $535,497 0.14% 6,180 $196,474 Up ×1
GE GE Aerospace Common Stock $491,454 0.12% 1,315 $118,297
ASML ASML Holding N.V. - New York Registry Shares $451,116 0.11% 230 Up ×1
IVV iShares Trust $449,334 0.11% 600 $57,408
COST Costco Wholesale Corporation - Common Stock $432,187 0.11% 462 $-53,074 Down ×1
STT State Street Corporation Common Stock $428,240 0.11% 2,525 $108,676
CARR Carrier Global Corporation Common Stock $416,627 0.11% 5,680 $-260,781 Down ×4
BR Broadridge Financial Solutions, Inc. Common Stock $404,002 0.10% 2,950 $-75,314
CSCO Cisco Systems, Inc. - Common Stock $397,015 0.10% 3,380 $134,761
V Visa Inc. $373,968 0.09% 1,090 $44,526
RSP Invesco Exchange-Traded Fund Trust $340,432 0.09% 1,600 $-123,055 Down ×1
VZ Verizon Communications Inc. Common Stock $326,018 0.08% 7,700 $-60,522
APD Air Products and Chemicals, Inc. Common Stock $322,498 0.08% 1,100 $2,959
META Meta Platforms, Inc. - Class A Common Stock $321,638 0.08% 571 $52,165 Up ×2
BK The Bank of New York Mellon Corporation Common Stock $289,220 0.07% 2,000 $51,960
UNH UnitedHealth Group Incorporated Common Stock (DE) $280,550 0.07% 675 $-1,976,170 Down ×2
Unknown issuer (CUSIP: 922908710) $259,462 0.07% 375 $33,566
BMY Bristol-Myers Squibb Company Common Stock $236,242 0.06% 4,100 $-12,423
EMR Emerson Electric Company Common Stock $218,303 0.06% 1,525
AMGN Amgen Inc. - Common Stock $215,461 0.05% 595 $6,111
Unknown issuer (CUSIP: Q1076Z101) $196,163 0.05% 2,700,000 $-64,600

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
AMZN $15,262,341 3.86% up ×3
MSFT $13,436,181 3.40% up ×3
HD $9,951,572 2.52% up ×5
SBGSY $9,315,918 2.36% up ×6
LLY $9,253,601 2.34% up ×5
PG $9,019,387 2.28% up ×4
VRTX $7,253,747 1.83% up ×6
XYL $5,809,429 1.47% up ×3
AXP $5,305,114 1.34% up ×4
SCHW $3,586,073 0.91% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 77926X320) $919,432 12,450 0.23%
ASML $451,116 230 0.11%
EMR $218,303 1,525 0.06%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AMD Trimmed -5K +$17.3M
AMAT Trimmed -265 +$8.3M
AAPL Trimmed -1K +$4.6M
GOOGL Trimmed -3K +$4.3M
ROK Bought more +116 +$3.3M
LLY Bought more +1K +$3.1M
ADI Trimmed -2K +$2.6M
NVDA Trimmed -637 +$2.1M
AMZN Bought more +220 +$2.0M
INTC Price move only +0 +$1.9M

2 positions 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
CRM Dec. 31, 2025 9,598 $2,274,726 -11.4%
NVO Dec. 31, 2025 10,545 $585,142 -26.7%
BALL Sept. 30, 2025 5,035 $282,412 11.8%
PAYX Dec. 31, 2025 2,040 $258,590 -11.8%
CB Sept. 30, 2025 890 $257,851 17.2%
GIS June 30, 2025 4,260 $254,705 -38.2%
AON June 30, 2025 625 $249,431 -24.5%
RMD March 31, 2026 932 $224,491 -2.5%
BMY Sept. 30, 2025 4,750 $219,877 35.6%
FIS Sept. 30, 2025 2,700 $219,807 -50.8%
GILD June 30, 2026 1,548 $215,745 14.6%
NSRGY June 30, 2026 2,170 $215,047 No longer tracked
EMR March 31, 2026 1,600 $212,352 23.3%
LMT June 30, 2026 350 $211,536 -0.8%
PTC Dec. 31, 2025 1,000 $203,020 -17.3%
MKC March 31, 2026 2,945 $200,583 -11.4%