Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +38.7%
S&P 500 total return (same window) +37.0%
Excess return +1.7%

Annualized: +29.9% · 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: 92.0% · Options excluded: 0.2%

Sector breakdown

04
Technology 38.1%
Financials 10.2%
Communication Services 7.2%
Healthcare 7.0%
Industrials 6.5%
Consumer Discretionary 5.3%
Retail 4.7%
Consumer Staples 3.9%
Energy 2.9%
Utilities 2.2%
Materials 1.4%
Other/Unmapped 10.6%

Full portfolio 59 positions

05
Type Streak 8Q trend
NVDA NVIDIA Corporation - Common Stock $3,173,328 9.05% 15,860 $244,514 Down ×1
AAPL Apple Inc. - Common Stock $2,198,342 6.27% 7,597 $-1,166,212 Down ×1
QQQ Invesco QQQ Trust, Series 1 $1,891,075 5.39% 2,568 $452,165 Up ×3
MSFT Microsoft Corporation - Common Stock $1,688,289 4.82% 4,526 $45,475 Up ×1
TSLA Tesla, Inc. - Common Stock $1,518,787 4.33% 3,611 $137,736 Down ×6
META Meta Platforms, Inc. - Class A Common Stock $1,351,355 3.85% 2,399 $-67,329 Down ×2
PANW Palo Alto Networks, Inc. - Common Stock $1,292,466 3.69% 3,790 $689,182 Up ×2
LLY Eli Lilly and Company Common Stock $1,261,800 3.60% 1,052 $391,698 Up ×2
QBTS D-Wave Quantum Inc. Common Shares $976,417 2.78% 40,701 $390,256 Up ×1
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $875,530 2.50% 9,122 $-334,657 Down ×2
GOOGL Alphabet Inc. - Class A Common Stock $792,289 2.26% 2,217 $263,179 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $789,615 2.25% 1,578 $87,108 Up ×2
AMZN Amazon.com, Inc. - Common Stock $762,211 2.17% 3,198 $59,716 Down ×1
AMAT Applied Materials, Inc. - Common Stock $690,891 1.97% 956 Up ×1
KO Coca-Cola Company (The) Common Stock $639,351 1.82% 7,867 Up ×1
CAH Cardinal Health, Inc. Common Stock $609,341 1.74% 2,565 $325,763 Up ×1
PLTR Palantir Technologies Inc. - Class A Common Stock $590,000 1.68% 5,057 $-226,681 Down ×1
BK The Bank of New York Mellon Corporation Common Stock $561,810 1.60% 3,885 $270,217 Up ×1
AVGO Broadcom Inc. - Common Stock $531,603 1.52% 1,407 $88,013 Down ×1
STT State Street Corporation Common Stock $530,170 1.51% 3,126 Up ×1
CNP CenterPoint Energy, Inc (Holding Co) Common Stock $510,952 1.46% 11,602 $111,506 Up ×3
APH Amphenol Corporation Common Stock $480,648 1.37% 2,726
SHLD Global X Funds $465,439 1.33% 7,795 $-530,713 Down ×1
PM Philip Morris International Inc Common Stock $456,436 1.30% 2,523 $139,975 Up ×1
ET Energy Transfer LP Common Units $431,730 1.23% 22,580 $-86,089 Down ×1
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $418,201 1.19% 548 $-54,976 Down ×1
MS Morgan Stanley Common Stock $417,453 1.19% 1,997 Up ×1
BE Bloom Energy Corporation Class A Common Stock $393,510 1.12% 1,300 Up ×1
JBL Jabil Inc. Common Stock $392,033 1.12% 1,017 $181,123 Up ×1
MU Micron Technology, Inc. - Common Stock $391,304 1.12% 339
NFLX Netflix, Inc. - Common Stock $383,775 1.09% 5,375 $-86,399 Up ×4
CMI Cummins Inc. Common Stock $375,862 1.07% 527 Up ×1
JPM JP Morgan Chase & Co. Common Stock $364,973 1.04% 1,115 $38,455 Up ×2
GILD Gilead Sciences, Inc. - Common Stock $362,090 1.03% 2,866 $132,826 Up ×1
LRCX Lam Research Corporation - Common Stock $360,097 1.03% 831 Up ×1
RL Ralph Lauren Corporation Common Stock $354,846 1.01% 884
COPX Global X Funds $347,366 0.99% 4,513
GEV GE Vernova Inc. Common Stock $345,409 0.99% 294 Up ×1
EMD Western Asset Emerging Markets Debt Fund Inc Common Stock $304,479 0.87% 28,350 $13,807 Down ×2
WMB Williams Companies, Inc. (The) Common Stock $301,597 0.86% 4,057 Up ×1
EQT EQT Corporation Common Stock $297,008 0.85% 5,586 $-145,354 Down ×1
C Citigroup, Inc. Common Stock $295,316 0.84% 2,110 Up ×1
XLE SELECT SECTOR SPDR TRUST $279,837 0.80% 5,269 $-197,807 Down ×1
QXO QXO, Inc. Common Stock $279,072 0.80% 16,150 $-12,325 Up ×1
NRG NRG Energy, Inc. Common Stock $271,233 0.77% 1,857 Up ×1
SHOP Shopify Inc. - Class A Subordinate Voting Shares $267,980 0.76% 2,347 $18,048 Up ×1
COKE Coca-Cola Consolidated, Inc. - Common Stock $260,033 0.74% 1,362
SLV iShares Silver Trust $255,159 0.73% 4,772 $-140,053 Down ×3
CTVA Corteva, Inc. Common Stock $250,852 0.72% 2,962 $45,930 Up ×1
CRWV CoreWeave, Inc. - Class A Common Stock $244,371 0.70% 2,455 Up ×1
COIN Coinbase Global, Inc. - 3Class A Common Stock $237,266 0.68% 1,623 $-46,126
NEM Newmont Corporation $224,814 0.64% 2,407
AFL AFLAC Incorporated Common Stock $224,182 0.64% 1,912 $15,514 Up ×1
IONQ IonQ, Inc. Common Stock $218,686 0.62% 4,106 Up ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $207,815 0.59% 500 Up ×1
TWLO Twilio Inc. Class A Common Stock $206,330 0.59% 1,000 Up ×1
ETHA iShares Ethereum Trust ETF $190,240 0.54% 16,000 $-66,364 Down ×2
OBDC Blue Owl Capital Corporation Common Stock $150,550 0.43% 13,850 $27,331 Up ×2
INFY Infosys Limited American Depositary Shares $117,488 0.34% 11,200 $-80,434 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
QQQ $1,891,075 5.39% up ×3
CNP $510,952 1.46% up ×3
NFLX $383,775 1.09% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
AMAT $690,891 956 1.97%
KO $639,351 7,867 1.82%
STT $530,170 3,126 1.51%
APH $480,648 2,726 1.37%
MS $417,453 1,997 1.19%
BE $393,510 1,300 1.12%
MU $391,304 339 1.12%
CMI $375,862 527 1.07%
LRCX $360,097 831 1.03%
RL $354,846 884 1.01%
COPX $347,366 4,513 0.99%
GEV $345,409 294 0.99%
WMB $301,597 4,057 0.86%
C $295,316 2,110 0.84%
NRG $271,233 1,857 0.77%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AAPL Trimmed -6K -$1.2M
PANW Bought more +27 +$689K
SHLD Trimmed -6K -$531K
QQQ Bought more +75 +$452K
LLY Bought more +106 +$392K
QBTS Bought more +80 +$390K
BABA Trimmed -524 -$335K
CAH Bought more +1K +$326K
BK Bought more +1K +$270K
GOOGL Bought more +377 +$263K

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
FFEB Dec. 31, 2025 20,722 $1,142,715
GLD Dec. 31, 2025 3,106 $1,104,090
QQQ June 30, 2025 1,420 $976,708 35.0%
SDVY Dec. 31, 2025 22,946 $872,395
EZU March 31, 2026 11,985 $768,239 5.2%
CASY June 30, 2026 851 $619,409 -12.0%
SPY Dec. 31, 2025 778 $518,288 No longer tracked
IBIT Sept. 30, 2025 7,355 $450,200 -29.3%
BAC June 30, 2025 10,409 $434,368 6.8%
OUNZ June 30, 2026 9,047 $407,567
GOOG June 30, 2025 2,595 $405,486 78.9%
NEM March 31, 2026 3,942 $393,609 0.6%
GBTC Dec. 31, 2025 3,695 $331,700 -8.3%
RACE March 31, 2026 845 $312,278 16.2%
HD Dec. 31, 2025 751 $304,298 -7.1%
URA June 30, 2025 13,198 $302,498 0.2%
FICO Dec. 31, 2025 199 $297,809 -51.8%
TDG March 31, 2026 218 $289,907 -4.7%
FISV June 30, 2025 1,297 $286,417 -71.1%
V Sept. 30, 2025 797 $282,975 19.5%
GS Dec. 31, 2025 353 $281,112 -0.4%
GD March 31, 2026 833 $280,438 1.8%
RSPT Sept. 30, 2025 6,790 $276,896 48.9%
AEE Sept. 30, 2025 2,788 $267,760 3.5%
SPOT March 31, 2026 444 $257,835 20.5%
GLD June 30, 2026 594 $255,592
FNOV June 30, 2025 5,421 $253,001
GOOG June 30, 2026 878 $251,909 -10.2%
MU Dec. 31, 2025 1,500 $250,980 207.5%
RL March 31, 2026 705 $249,295 9.7%
COPX June 30, 2025 6,262 $244,656
PPLT Dec. 31, 2025 1,694 $242,039 -24.6%
COST March 31, 2026 272 $234,556 0.7%
ARCC Sept. 30, 2025 10,325 $226,737 -8.7%
TSM June 30, 2025 1,362 $226,092 84.8%
DIS Sept. 30, 2025 1,788 $221,730 -1.7%
RSG Sept. 30, 2025 884 $218,003 4.8%
FAUG Dec. 31, 2025 4,175 $216,724
APH March 31, 2026 1,596 $215,700 -41.4%
ORLY Sept. 30, 2025 2,385 $214,960 -16.6%
FNF June 30, 2025 3,303 $214,959
IAU June 30, 2026 2,410 $212,466 -0.5%
CRM June 30, 2025 781 $209,589 -8.8%
COKE March 31, 2026 1,336 $204,809 6.0%
USO June 30, 2026 1,587 $202,135 59.3%
TSCO Dec. 31, 2025 3,523 $200,353 -33.2%
TE June 30, 2026 41,000 $179,990 -75.8%
NVTS Dec. 31, 2025 22,316 $161,122 17.4%
RIVN Sept. 30, 2025 10,229 $140,546 -19.4%
VUZI Dec. 31, 2025 34,352 $107,522 -45.5%
TE Dec. 31, 2025 42,500 $92,650 -65.7%
MSOS Dec. 31, 2025 18,335 $87,825
VUZI June 30, 2026 34,352 $79,353 -29.0%
NAAS Dec. 31, 2025 20,915 $77,178 -26.3%
BRLT Dec. 31, 2025 31,500 $65,205 -13.7%
BITF Dec. 31, 2025 12,600 $35,532 No longer tracked
BITF June 30, 2026 12,600 $24,570 No longer tracked
NAAS June 30, 2025 30,645 $21,145
IINN March 31, 2026 13,500 $12,150 No longer tracked
DMNIF June 30, 2025 19,748 $273 No longer tracked