Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +20.8%
S&P 500 total return (same window) +37.0%
Excess return -16.2%

Annualized: +16.3% · 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: 96.7% · Options excluded: 0.0%

Sector breakdown

04
Health Care 24.6%
Industrials 18.1%
Financials 15.2%
Retail 12.9%
Consumer Discretionary 7.0%
Consumer Staples 5.8%
Materials 5.7%
Communication Services 4.7%
Energy 4.4%
Other/Unmapped 1.7%

Full portfolio 29 positions

05
Type Streak 8Q trend
AMG Affiliated Managers Group, Inc. Common Stock $62,463,902 15.16% 184,586 $8,475,858 Down ×6
CVS CVS Health Corporation Common Stock $35,738,975 8.67% 345,471 $9,519,791 Down ×3
LUV Southwest Airlines Company Common Stock $31,861,220 7.73% 619,627 $9,736,886 Up ×1
DG Dollar General Corporation Common Stock $31,545,550 7.65% 274,047 $-475,931 Up ×1
ABEV Ambev S.A. American Depositary Shares (Each representing 1 Common Share) $23,763,162 5.77% 7,567,886 $899,270 Down ×3
KMX CarMax Inc $21,498,674 5.22% 406,479 $5,087,048 Up ×1
CI The Cigna Group Common Stock $20,354,281 4.94% 73,833 $451,263 Down ×3
CMCSA Comcast Corporation - Class A Common Stock $19,247,838 4.67% 784,026 $-3,719,042 Down ×3
HCA HCA Healthcare, Inc. Common Stock $14,548,355 3.53% 37,314 $351,155 Up ×1
VALE VALE S.A. American Depositary Shares Each Representing one common share $13,681,467 3.32% 909,672 $-1,581,569 Down ×6
LKQ LKQ Corporation - Common Stock $13,441,992 3.26% 510,520 $-673,230 Up ×1
GILD Gilead Sciences, Inc. - Common Stock $11,986,002 2.91% 94,871 $-2,006,746 Down ×3
SWK Stanley Black & Decker, Inc. Common Stock $11,468,240 2.78% 121,847 $2,386,772 Down ×4
MDT Medtronic plc. Ordinary Shares $11,170,305 2.71% 142,788 $-1,789,156 Down ×6
G Genpact Limited Common Stock $10,395,138 2.52% 378,005 $7,022,150 Up ×1
LYB LyondellBasell Industries NV Ordinary Shares Class A (Netherlands) $9,844,602 2.39% 186,982 $-5,848,486 Down ×6
TS Tenaris S.A. American Depositary Shares $9,642,275 2.34% 173,766 $-2,276,422 Down ×4
RHI Robert Half Inc. Common Stock $9,334,888 2.27% 304,068 $1,186,568 Down ×3
SOLV Solventum Corporation Common Stock $7,514,641 1.82% 97,403 $834,451 Down ×1
FDX FedEx Corporation Common Stock $6,750,770 1.64% 21,559 $-1,298,898 Down ×3
VSNT Versant Media Group, Inc. - Class A Common Stock $5,262,177 1.28% 146,131 $3,921,424 Up ×1
UPS United Parcel Service, Inc. Common Stock $4,874,158 1.18% 45,341 $191,270 Down ×3
NOV NOV Inc. Common Stock $4,667,941 1.13% 251,641 $-1,481,048 Down ×6
NKE Nike, Inc. Common Stock $4,563,570 1.11% 111,171 Up ×1
XOM Exxon Mobil Corporation Common Stock $3,950,114 0.96% 28,892 $-2,426,218 Down ×6
PVH PVH Corp. Common Stock $3,668,593 0.89% 49,402 $522,417 Up ×1
QSR Restaurant Brands International Inc. Common Shares $3,654,069 0.89% 50,394 Up ×1
BKNG Booking Holdings Inc. - Common Stock $3,502,951 0.85% 19,653 Up ×1
Unknown issuer (CUSIP: 314352105) $1,727,289 0.42% 11,439 Up ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
NKE $4,563,570 111,171 1.11%
QSR $3,654,069 50,394 0.89%
BKNG $3,502,951 19,653 0.85%
Unknown issuer (CUSIP: 314352105) $1,727,289 11,439 0.42%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
LUV Bought more +31K +$9.7M
CVS Trimmed -20K +$9.5M
AMG Trimmed -11K +$8.5M
G Bought more +287K +$7.0M
LYB Trimmed -8K -$5.8M
KMX Bought more +12K +$5.1M
VSNT Bought more +110K +$3.9M
CMCSA Trimmed -16K -$3.7M
XOM Trimmed -9K -$2.4M
SWK Trimmed -6K +$2.4M

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
SEE Dec. 31, 2025 335,500 $11,859,925 No longer tracked
EBAY March 31, 2026 120,194 $10,468,897 17.7%
PII June 30, 2025 249,300 $10,206,342 29.5%
SYY March 31, 2026 121,500 $8,953,335 7.1%
LBTYA (filed as LBTYAXXXX) March 31, 2026 746,337 $8,314,194 -25.6%
HOG March 31, 2026 193,320 $3,961,127 29.5%
WBA June 30, 2025 272,700 $3,046,059 No longer tracked