Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +75.3%
S&P 500 total return (same window) +37.0%
Excess return +38.3%

Annualized: +56.7% · 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: 94.2% · Options excluded: 0.0%

Sector breakdown

04
Industrials 16.6%
Technology 16.6%
Health Care 14.5%
Materials 14.5%
Financials 14.4%
Retail 5.0%
Consumer Discretionary 1.7%
Other/Unmapped 16.6%

Full portfolio 43 positions

05
Type Streak 8Q trend
SPIR Spire Global, Inc. Class A Common Stock $11,584,564 10.17% 622,826 $2,075,317 Down ×1
CLPT ClearPoint Neuro Inc. - Common Stock $7,935,785 6.97% 444,831 $3,505,459 Down ×1
AEM Agnico Eagle Mines Limited Common Stock $6,572,703 5.77% 42,369 $-2,651,191 Down ×6
DLO DLocal Limited - Class A Common Shares $6,155,563 5.40% 473,687 $-587,358 Down ×1
CDE Coeur Mining, Inc. Common Stock $5,142,497 4.51% 315,104 $-1,452,042 Down ×5
OR OR Royalties Inc. Common Shares $4,831,309 4.24% 152,745 $-2,435,246 Down ×4
WEAV Weave Communications, Inc. Common Stock $4,536,239 3.98% 757,302 $719,190 Down ×1
ESTC Elastic N.V. Ordinary Shares $3,694,668 3.24% 64,796 $-570,079 Down ×1
FLYW Flywire Corporation - Voting Common Stock $3,557,907 3.12% 202,499 $319,380 Down ×1
XYZ Block, Inc. Class A Common Stock, $3,546,692 3.11% 46,667 $-2,748,136 Down ×1
EVLV Evolv Technologies Holdings, Inc. - Class A Common Stock $3,457,223 3.03% 596,073 $-1,327,395 Down ×1
GTLB GitLab Inc. - Class A Common Stock $3,444,272 3.02% 112,816 $-506,651 Down ×1
GDX VanEck ETF Trust $3,286,677 2.89% 43,561 $1,799,911 Up ×1
OSCR Oscar Health, Inc. Class A Common Stock $3,164,208 2.78% 110,947 $3,546 Down ×1
ZM Zoom Communications, Inc. - Class A Common Stock $3,088,344 2.71% 35,782 $-817,645 Down ×6
AMZN Amazon.com, Inc. - Common Stock $3,061,716 2.69% 12,846 $-1,472,672 Down ×1
NOW ServiceNow, Inc. Common Stock $2,711,436 2.38% 27,311 $-1,212,848 Down ×1
VOYG Voyager Technologies, Inc. Class A Common Stock $2,309,036 2.03% 71,598 $99,944 Down ×1
STIM Neuronetics, Inc. - Common Stock $2,123,384 1.86% 1,633,372 $-449,821 Down ×1
DUOL Duolingo, Inc. - Class A Common Stock $1,990,651 1.75% 17,307 $-307,903 Down ×1
TEM Tempus AI, Inc. - Class A Common Stock $1,983,524 1.74% 34,240 Up ×1
DCTH Delcath Systems, Inc. - Common Stock $1,884,257 1.65% 149,663 $-18,997 Down ×1
PRCT PROCEPT BioRobotics Corporation - Common Stock $1,770,768 1.55% 78,422 $-809,814 Down ×1
SLVP iShares, Inc. $1,762,459 1.55% 57,167 $740,360 Up ×1
UFO Procure Space ETF $1,751,915 1.54% 34,575 Up ×1
MELI MercadoLibre, Inc. - Common Stock $1,575,178 1.38% 928 $-699,019 Down ×1
SHMD SCHMID Group N.V. - Class A Ordinary Shares $1,572,161 1.38% 251,144 $116,691 Down ×1
AAPL Apple Inc. - Common Stock $1,443,038 1.27% 4,987 $177,387
PHYS Sprott Physical Gold Trust ETV $1,383,536 1.21% 45,858 $-241,672
FINX Global X FinTech ETF $1,375,233 1.21% 55,700 Up ×1
RSPG Invesco Exchange-Traded Fund Trust $1,330,885 1.17% 13,586 Up ×1
XHE SPDR SERIES TRUST $1,250,731 1.10% 14,849 Up ×1
JEDI Defiance Drone and Modern Warfare ETF $1,224,428 1.07% 42,149 Up ×1
HERO Global X Video Games & Esports ETF $1,156,824 1.02% 46,713 Up ×1
ONLN ProShares Trust $1,121,771 0.98% 20,617 Up ×1
COST Costco Wholesale Corporation - Common Stock $1,029,017 0.90% 1,100 $-67,056
PSLV Sprott Physical Silver Trust ETV $836,583 0.73% 44,334 $-244,723
ARGT Global X Funds $797,688 0.70% 8,737 Up ×1
Unknown issuer (CUSIP: 25382K100) $752,739 0.66% 91,574 Up ×1
SETM Sprott Critical Materials ETF $561,192 0.49% 18,010 $-34,579
TMO Thermo Fisher Scientific Inc Common Stock $426,156 0.37% 850 $8,355
DGX Quest Diagnostics Incorporated Common Stock $369,217 0.32% 1,742 $27,820
URA Global X Funds $361,224 0.32% 8,266 $-39,098

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
TEM $1,983,524 34,240 1.74%
UFO $1,751,915 34,575 1.54%
FINX $1,375,233 55,700 1.21%
RSPG $1,330,885 13,586 1.17%
XHE $1,250,731 14,849 1.10%
JEDI $1,224,428 42,149 1.07%
HERO $1,156,824 46,713 1.02%
ONLN $1,121,771 20,617 0.98%
ARGT $797,688 8,737 0.70%
Unknown issuer (CUSIP: 25382K100) $752,739 91,574 0.66%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
CLPT Trimmed -42K +$3.5M
XYZ Trimmed -58K -$2.7M
AEM Trimmed -3K -$2.7M
OR Trimmed -38K -$2.4M
SPIR Trimmed -133K +$2.1M
GDX Bought more +27K +$1.8M
AMZN Trimmed -9K -$1.5M
CDE Trimmed -36K -$1.5M
EVLV Trimmed -195K -$1.3M
NOW Trimmed -10K -$1.2M

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
NBIS March 31, 2026 89,685 $7,507,083 134.0%
OR (filed as ORXXXX) June 30, 2025 301,756 $6,373,086 34.1%
SOXS Dec. 31, 2025 1,220,392 $6,309,427
WTTR March 31, 2026 367,818 $3,869,445 30.4%
DUST Dec. 31, 2025 352,148 $3,848,978
AMD June 30, 2026 18,585 $3,780,747 9.1%
RIG June 30, 2025 1,163,302 $3,687,667 99.6%
BRKR Sept. 30, 2025 87,607 $3,609,408 94.6%
BAH March 31, 2026 40,812 $3,442,900 -13.7%
LUNR June 30, 2026 174,026 $3,229,923 -31.2%
SQQQ Dec. 31, 2025 208,066 $3,168,845
CPNG June 30, 2026 167,326 $3,159,115 -20.7%
ENPH June 30, 2025 50,363 $3,125,024 -15.6%
VAL Sept. 30, 2025 71,869 $3,026,404 60.7%
SRTY Dec. 31, 2025 253,281 $2,978,585
S June 30, 2026 213,023 $2,743,736 47.7%
PLTR June 30, 2025 31,687 $2,674,383 38.5%
TDW June 30, 2025 59,221 $2,503,272 78.7%
VVV March 31, 2026 75,092 $2,182,174 -9.2%
GTLS Sept. 30, 2025 13,102 $2,157,244 No longer tracked
FL June 30, 2025 146,805 $2,069,951 No longer tracked
FSLY June 30, 2025 322,501 $2,041,431 265.6%
TEAM June 30, 2026 26,907 $1,836,403 141.5%
CDLX Sept. 30, 2025 780,083 $1,283,237 4.1%
MEG June 30, 2025 61,779 $880,969 No longer tracked
DMRC June 30, 2026 123,475 $606,262 -22.6%