Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +14.0%
S&P 500 total return (same window) +37.0%
Excess return -23.0%

Annualized: +11.1% · 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: 96.9% · Options excluded: 0.0%

Sector breakdown

04
Technology 36.9%
Retail 11.3%
Industrials 11.1%
Healthcare 9.2%
Communication Services 9.0%
Consumer products 5.2%
Financials 5.2%
Consumer Staples 3.7%
Energy 1.2%
Utilities 0.9%
Materials 0.9%
Consumer Discretionary 0.3%
Real Estate 0.0%
Other/Unmapped 5.0%

Full portfolio 142 positions

05
Type Streak 8Q trend
AAPL Apple Inc. - Common Stock $46,810,018 11.85% 161,771 $6,840,918 Up ×1
MSFT Microsoft Corporation - Common Stock $24,167,843 6.12% 65,290 $2,008,479 Up ×3
CAT Caterpillar, Inc. Common Stock $21,811,282 5.52% 20,482 $7,088,066 Down ×1
PG Procter & Gamble Company (The) Common Stock $18,527,377 4.69% 126,346 $-398,018 Down ×3
TSM Taiwan Semiconductor Manufacturing Company Ltd. $17,669,135 4.47% 36,998 $5,212,974 Up ×3
GOOG Alphabet Inc. - Class C Capital Stock $17,126,258 4.34% 48,471 $5,422,083 Up ×4
FTNT Fortinet, Inc. - Common Stock $16,223,347 4.11% 105,607 $7,726,510 Up ×1
MELI MercadoLibre, Inc. - Common Stock $15,855,320 4.02% 9,341 $5,994,719 Up ×4
NFLX Netflix, Inc. - Common Stock $13,037,069 3.30% 182,592 $-3,644,956 Up ×3
NVO Novo Nordisk A/S Common Stock $11,638,681 2.95% 242,776 $2,994,015 Up ×2
AMZN Amazon.com, Inc. - Common Stock $10,477,426 2.65% 43,960 $1,706,343 Up ×1
NVDA NVIDIA Corporation - Common Stock $9,911,458 2.51% 49,535 $2,863,082 Up ×1
COST Costco Wholesale Corporation - Common Stock $9,765,167 2.47% 10,439 $-720,049 Down ×2
AVGO Broadcom Inc. - Common Stock $8,882,791 2.25% 23,515 $1,280,916 Down ×2
Unknown issuer (CUSIP: 30233Q108) $8,602,696 2.18% 62,922 Up ×1
MNST Monster Beverage Corporation - Common Stock $7,938,743 2.01% 82,592 $2,571,124 Up ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $7,211,621 1.83% 14,412 $326,955 Up ×1
VRTX Vertex Pharmaceuticals Incorporated - Common Stock $7,097,278 1.80% 14,288 $854,202 Up ×1
NOW ServiceNow, Inc. Common Stock $5,954,417 1.51% 59,976 $1,718,678 Up ×3
CELH Celsius Holdings, Inc. - Common Stock $4,845,811 1.23% 165,499 $763,269 Up ×1
MDB MongoDB, Inc. - Class A Common Stock $4,825,204 1.22% 14,365 $1,065,782 Down ×1
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $4,793,241 1.21% 49,940 $-2,249,832 Down ×2
GOOGL Alphabet Inc. - Class A Common Stock $4,694,055 1.19% 13,135 $852,253 Down ×1
FLOT iShares Trust $4,468,100 1.13% 87,524
BA Boeing Company (The) Common Stock $3,903,171 0.99% 18,031 $308,490 Down ×1
HIMX Himax Technologies, Inc. - American depositary shares, each of which represents two ordinary shares. $3,819,210 0.97% 248,970 Up ×1
GE GE Aerospace Common Stock $3,774,386 0.96% 10,099 $908,527
AFL AFLAC Incorporated Common Stock $3,575,773 0.91% 30,497 $847,614 Up ×1
AXP American Express Company Common Stock $3,566,170 0.90% 10,543 $556,494 Up ×1
TMO Thermo Fisher Scientific Inc Common Stock $3,526,065 0.89% 7,033 $-65,053 Down ×2
NEE NextEra Energy, Inc. Common Stock $3,129,527 0.79% 35,656 $-101,304 Up ×3
HD Home Depot, Inc. (The) Common Stock $2,869,404 0.73% 8,136 $32,728 Down ×2
ALB Albemarle Corporation Common Stock $2,835,630 0.72% 21,000 $-934,500
EFX Equifax, Inc. Common Stock $2,793,472 0.71% 17,600 $-1,348,138 Down ×2
JNJ Johnson & Johnson Common Stock $2,786,778 0.71% 10,973 $255,147 Up ×3
CVX Chevron Corporation Common Stock $2,701,391 0.68% 16,297 $-345,418 Up ×2
GEV GE Vernova Inc. Common Stock $2,682,205 0.68% 2,283 $689,374
GILD Gilead Sciences, Inc. - Common Stock $2,228,764 0.56% 17,641 $166,645 Up ×2
ABBV AbbVie Inc. Common Stock $2,152,780 0.55% 8,555 $200,807 Down ×1
VTEB VANGUARD MUNICIPAL BOND FUNDS $2,126,889 0.54% 42,050 Up ×1
CL Colgate-Palmolive Company Common Stock $2,044,922 0.52% 22,305 $143,867
ORCL Oracle Corporation Common Stock $1,739,842 0.44% 11,872 $-6,648
MRK Merck & Company, Inc. Common Stock (new) $1,675,383 0.42% 13,038 $347,622 Up ×1
V Visa Inc. $1,645,803 0.42% 4,797 $74,155 Down ×1
KO Coca-Cola Company (The) Common Stock $1,568,511 0.40% 19,300 $100,746
PFE Pfizer, Inc. Common Stock $1,537,725 0.39% 63,859 $-255,436
UNP Union Pacific Corporation Common Stock $1,444,320 0.37% 5,310 $580,593 Up ×1
CMI Cummins Inc. Common Stock $1,401,458 0.35% 1,965 $344,249
DHR Danaher Corporation Common Stock $1,230,882 0.31% 6,462 $328,007 Up ×1
WFC Wells Fargo & Company Common Stock $1,181,091 0.30% 14,292 $43,305
JPM JP Morgan Chase & Co. Common Stock $1,147,946 0.29% 3,507 $476,673 Up ×1
RLY SSGA Active Trust $1,096,210 0.28% 31,765 $852,559 Up ×1
MA Mastercard Incorporated Common Stock $1,047,744 0.27% 2,040 $223,805 Up ×2
APH Amphenol Corporation Common Stock $1,000,616 0.25% 5,675 $293,056 Up ×1
BMY Bristol-Myers Squibb Company Common Stock $947,158 0.24% 16,438 $-37,677 Up ×3
PANW Palo Alto Networks, Inc. - Common Stock $920,413 0.23% 2,699 $838,489 Up ×2
SBUX Starbucks Corporation - Common Stock $876,790 0.22% 8,580 $-79,135 Down ×1
SCHV SCHWAB STRATEGIC TRUST $825,007 0.21% 23,700 $-377,861 Down ×2
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $805,876 0.20% 1,056 $515,801 Up ×1
BE Bloom Energy Corporation Class A Common Stock $774,004 0.20% 2,557 $656,805 Up ×1
QCOM QUALCOMM Incorporated - Common Stock $765,770 0.19% 4,144 $183,813 Down ×2
MPWR Monolithic Power Systems, Inc. - Common Stock $758,916 0.19% 549 $157,573 Down ×1
LNG Cheniere Energy, Inc. Common Stock $734,717 0.19% 3,074 $107,324 Up ×1
WM Waste Management, Inc. Common Stock $713,216 0.18% 3,200 $-417,581 Down ×2
AMGN Amgen Inc. - Common Stock $651,816 0.17% 1,800 $18,486
ASML ASML Holding N.V. - New York Registry Shares $642,589 0.16% 323 $156,524 Down ×2
VLTO Veralto Corp Common Stock $619,252 0.16% 6,983 $1,815
ETN Eaton Corporation, PLC Ordinary Shares $568,018 0.14% 1,333 $405,993 Up ×1
GLD SPDR Gold Shares $547,044 0.14% 1,485 $-145,723 Down ×2
MCHP Microchip Technology Incorporated - Common Stock $524,400 0.13% 5,750
EMR Emerson Electric Company Common Stock $486,710 0.12% 3,400 $41,242
TXN Texas Instruments Incorporated - Common Stock $464,989 0.12% 1,560 $329,091 Up ×1
TJX TJX Companies, Inc. (The) Common Stock $463,590 0.12% 3,060 $-63,420 Down ×1
ECL Ecolab Inc. Common Stock $447,169 0.11% 1,605 $-66,250 Down ×1
LIN Linde plc - Ordinary Shares $398,546 0.10% 768 $17,802
PGR Progressive Corporation (The) Common Stock $396,705 0.10% 1,816 $36,701
GD General Dynamics Corporation Common Stock $354,240 0.09% 1,000 $11,020
IONQ IonQ, Inc. Common Stock $346,190 0.09% 6,500 $317,360 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $343,607 0.09% 610 $223,460 Up ×1
MPLX MPLX LP Common Units Representing Limited Partner Interests $309,815 0.08% 5,500 Up ×1
DIS Walt Disney Company (The) Common Stock $301,263 0.08% 3,130 $-784,940 Down ×2
ARES Ares Management Corporation Class A Common Stock $293,302 0.07% 2,635 Up ×1
PEP PepsiCo, Inc. - Common Stock $285,423 0.07% 2,108 $-119,573 Down ×4
COP ConocoPhillips Common Stock $285,370 0.07% 2,745 Up ×1
IBM International Business Machines Corporation Common Stock $281,210 0.07% 1,000 $38,820
IEFA iShares Trust $270,134 0.07% 2,797 $16,922
WAB Westinghouse Air Brake Technologies Corporation Common Stock $269,600 0.07% 1,000 $19,690
PL Planet Labs PBC Class A Common Stock $261,727 0.07% 7,900 Up ×1
OXY Occidental Petroleum Corporation Common Stock $258,635 0.07% 5,325 Up ×1
VTEC VANGUARD CALIFORNIA TAX-FREE FUNDS $251,500 0.06% 2,500 $-45,740 Down ×1
MS Morgan Stanley Common Stock $245,622 0.06% 1,175 Up ×1
SCHW Charles Schwab Corporation (The) Common Stock $239,902 0.06% 2,600 $174,116 Up ×2
CMG Chipotle Mexican Grill, Inc. Common Stock $232,220 0.06% 6,830 $3,188 Down ×1
LLY Eli Lilly and Company Common Stock $229,091 0.06% 191 $25,822 Down ×2
UBER Uber Technologies, Inc. Common Stock $216,480 0.05% 3,000 $690
VLO Valero Energy Corporation Common Stock $208,352 0.05% 800 $10,688
VOO VANGUARD INDEX FUNDS $203,296 0.05% 296 $26,421
A Agilent Technologies, Inc. Common Stock $202,566 0.05% 1,525 Up ×1
AZN AstraZeneca PLC - American Depositary Shares $199,101 0.05% 1,050 Up ×1
DUK Duke Energy Corporation (Holding Company) Common Stock $194,933 0.05% 1,540 $17,116 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
MSFT $24,167,843 6.12% up ×3
TSM $17,669,135 4.47% up ×3
GOOG $17,126,258 4.34% up ×4
MELI $15,855,320 4.02% up ×4
NFLX $13,037,069 3.30% up ×3
NOW $5,954,417 1.51% up ×3
NEE $3,129,527 0.79% up ×3
JNJ $2,786,778 0.71% up ×3
BMY $947,158 0.24% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 30233Q108) $8,602,696 62,922 2.18%
FLOT $4,468,100 87,524 1.13%
HIMX $3,819,210 248,970 0.97%
VTEB $2,126,889 42,050 0.54%
MCHP $524,400 5,750 0.13%
MPLX $309,815 5,500 0.08%
ARES $293,302 2,635 0.07%
COP $285,370 2,745 0.07%
PL $261,727 7,900 0.07%
OXY $258,635 5,325 0.07%
MS $245,622 1,175 0.06%
A $202,566 1,525 0.05%
AZN $199,101 1,050 0.05%
JBL $192,740 500 0.05%
NOC $178,259 350 0.05%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
FTNT Bought more +2K +$7.7M
CAT Trimmed -300 +$7.1M
AAPL Bought more +4K +$6.8M
MELI Bought more +4K +$6.0M
GOOG Bought more +8K +$5.4M
TSM Bought more +140 +$5.2M
NFLX Bought more +9K -$3.6M
NVO Bought more +8K +$3.0M
NVDA Bought more +9K +$2.9M
MNST Bought more +9K +$2.6M

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
XOM June 30, 2026 62,872 $10,666,864 20.0%
BABA June 30, 2025 51,176 $6,767,002 -6.7%
JD Dec. 31, 2025 147,651 $5,164,832 -10.2%
QXO June 30, 2026 128,548 $2,496,402 -30.2%
MCHP March 31, 2026 35,876 $2,286,019 25.9%
PHM June 30, 2026 11,947 $1,405,087 -15.7%
IWR Sept. 30, 2025 13,437 $1,235,801 12.2%
VRSN Dec. 31, 2025 3,979 $1,112,409 18.7%
UNH June 30, 2025 1,441 $754,724 19.2%
FLOT June 30, 2025 10,885 $555,679
SLB June 30, 2025 12,272 $512,970 44.2%
ABT June 30, 2026 4,875 $500,516 7.4%
SPY June 30, 2025 860 $481,075 No longer tracked
NKE March 31, 2026 6,383 $406,661 -35.9%
LMT Sept. 30, 2025 598 $276,958 1.2%
RHHBY Sept. 30, 2025 6,260 $255,158 No longer tracked
GEHC June 30, 2026 3,511 $249,913 0.4%
SIRI Dec. 31, 2025 10,282 $239,314 28.6%
QQQ June 30, 2025 500 $234,460 35.0%
AMBA March 31, 2026 3,020 $213,937 33.4%
FBIN June 30, 2026 5,322 $207,398 -29.8%
ACN June 30, 2026 1,000 $198,290 59.8%
MRNA June 30, 2025 6,140 $174,069 588.7%
TTD March 31, 2026 4,000 $151,840 -47.3%
ADBE March 31, 2026 400 $139,996 -2.2%
DMYQ June 30, 2026 5,000 $139,750 No longer tracked
MRSH June 30, 2026 780 $135,291 2.0%
ALGN June 30, 2026 752 $128,915 -14.8%
INTC June 30, 2025 4,500 $102,195 432.7%
FIS March 31, 2026 1,500 $99,690 -30.8%
ZTS June 30, 2026 840 $99,296 -3.0%
SQQQPS Sept. 30, 2025 5,000 $97,850 No longer tracked
VUG June 30, 2025 250 $92,705
COF June 30, 2026 500 $91,215 -2.9%
CME June 30, 2026 300 $88,605 19.2%
ADP June 30, 2026 413 $83,913 15.1%
GRAB March 31, 2026 16,000 $79,840 -15.8%
VIG June 30, 2025 400 $77,596
ADI March 31, 2026 275 $74,580 31.1%
IXUS June 30, 2025 1,005 $70,159
CCJ March 31, 2026 750 $68,618 -21.6%
SPXU Sept. 30, 2025 4,000 $67,200
SJM Sept. 30, 2025 677 $66,481 7.9%
IJH June 30, 2025 1,093 $63,777 17.7%
CPAY June 30, 2025 160 $55,795 18.9%
TTWO June 30, 2025 262 $54,300 -16.5%
NXDR March 31, 2026 25,000 $52,500 74.3%
IEMG June 30, 2025 902 $48,681
CAVA Dec. 31, 2025 785 $47,422 -7.3%
TRMB June 30, 2026 700 $45,661 12.4%
AGG June 30, 2026 450 $44,672
ACN Sept. 30, 2025 147 $43,937 -19.3%
FISV Sept. 30, 2025 220 $37,930 -65.6%
VTI June 30, 2025 135 $37,103
HON June 30, 2026 162 $36,617 -4.4%
FUTY June 30, 2026 617 $36,446
SMR March 31, 2026 2,500 $35,425 -28.5%
ICE Dec. 31, 2025 200 $33,696 -7.3%
QUS March 31, 2026 188 $32,747
SPOT Dec. 31, 2025 43 $30,014 -18.6%
SPEM June 30, 2025 739 $29,094
SYK March 31, 2026 80 $28,118 -16.2%
MRSH June 30, 2025 114 $27,819 -22.2%
STIP June 30, 2025 257 $26,592
XYL Dec. 31, 2025 180 $26,550 -25.3%
SLB June 30, 2026 500 $25,695 4.8%
ANET (filed as ANETXXXX) June 30, 2026 200 $24,556 22.1%