Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +22.7%
S&P 500 total return (same window) +37.0%
Excess return -14.3%

Annualized: +17.8% · 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: 99.5% · Options excluded: 0.0%

Sector breakdown

04
Financials 84.9%
Communication Services 6.6%
Industrials 3.9%
Technology 1.7%
Healthcare 1.4%
Real Estate 0.4%
Consumer products 0.2%
Consumer Staples 0.2%
Energy 0.2%
Other/Unmapped 0.5%

Full portfolio 20 positions

05
Type Streak 8Q trend
WFC Wells Fargo & Company Common Stock $114,596,475 83.96% 1,386,695 $4,201,686
GOOGL Alphabet Inc. - Class A Common Stock $4,452,830 3.26% 12,460 $869,832
GOOG Alphabet Inc. - Class C Capital Stock $4,409,558 3.23% 12,480 $829,545
WLFC Willis Lease Finance Corporation - Common Stock $3,088,800 2.26% 13,500 $790,290
MSFT Microsoft Corporation - Common Stock $1,719,622 1.26% 4,610 $13,138
UAL United Airlines Holdings, Inc. - Common Stock $1,051,883 0.77% 7,735 $339,722
AQST Aquestive Therapeutics, Inc. - Common Stock $1,011,437 0.74% 243,134 $2,431
BX Blackstone Inc. Common Stock $914,767 0.67% 7,774 $20,835
ITW Illinois Tool Works Inc. Common Stock $796,534 0.58% 2,945 $29,980
EIPI First Trust Exchange-Traded Fund VIII $702,549 0.51% 32,168 $-20,909
QBTS D-Wave Quantum Inc. Common Shares $628,802 0.46% 26,211 $250,577
JNJ Johnson & Johnson Common Stock $622,227 0.46% 2,450 $23,349
EQR Equity Residential Common Shares of Beneficial Interest $558,792 0.41% 8,226 $72,224
UBER Uber Technologies, Inc. Common Stock $380,788 0.28% 5,277 $1,213
PG Procter & Gamble Company (The) Common Stock $312,490 0.23% 2,131 $4,688
BAC Bank of America Corporation Common Stock $307,350 0.23% 5,394 $44,392
ANAB AnaptysBio, Inc. - Common Stock $296,528 0.22% 4,393 $52,892
GIS General Mills, Inc. Common Stock $223,938 0.16% 6,435 $-15,573
CSCO Cisco Systems, Inc. - Common Stock $206,965 0.15% 1,762 Up ×1
RRC Range Resources Corporation Common Stock $206,590 0.15% 5,555 $-44,385

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
CSCO $206,965 1,762 0.15%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
WFC Price move only +0 +$4.2M
GOOGL Price move only +0 +$870K
GOOG Price move only +0 +$830K
WLFC Price move only +0 +$790K
UAL Price move only +0 +$340K
QBTS Price move only +0 +$251K
EQR Price move only +0 +$72K
ANAB Price move only +0 +$53K
BAC Price move only +0 +$44K
RRC Price move only +0 -$44K

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
RRC Dec. 31, 2025 5,555 $209,090 29.1%
MCO March 31, 2026 400 $204,340 10.8%
MCO Sept. 30, 2025 400 $200,636 1.5%