Performance vs S&P 500

03
Tracked Q2 2025–Q2 2026 +27.4%
S&P 500 total return (same window) +21.7%
Excess return +5.7%

Annualized: +27.4% · S&P 500: +21.7%

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: 86.8% · Options excluded: 0.0%

Sector breakdown

04
Technology 25.9%
Financials 11.2%
Communication Services 7.2%
Health Care 6.2%
Retail 5.8%
Industrials 5.5%
Utilities 3.6%
Energy 2.8%
Materials 2.3%
Consumer Discretionary 2.2%
Consumer Staples 1.7%
Consumer products 1.4%
Real Estate 0.1%
Other/Unmapped 24.1%

Full portfolio 279 positions

05
Type Streak 8Q trend
AMAT Applied Materials, Inc. - Common Stock $16,602,972 4.29% 22,964 $8,498,789 Down ×3
GOOG Alphabet Inc. - Class C Capital Stock $16,328,793 4.22% 46,214 $2,813,671 Down ×3
AVGO Broadcom Inc. - Common Stock $16,092,528 4.16% 42,601 $2,486,778 Down ×4
NVDA NVIDIA Corporation - Common Stock $11,888,147 3.07% 59,414 $1,629,416 Up ×1
MU Micron Technology, Inc. - Common Stock $10,582,531 2.74% 9,168 $6,696,357 Down ×2
ADI Analog Devices, Inc. - Common Stock $8,900,580 2.30% 22,410 $1,602,448 Down ×2
MSFT Microsoft Corporation - Common Stock $8,822,296 2.28% 23,651 $198,446 Up ×2
AMZN Amazon.com, Inc. - Common Stock $8,267,061 2.14% 34,686 $1,132,356 Up ×4
JPM JP Morgan Chase & Co. Common Stock $7,180,966 1.86% 21,938 $780,044 Up ×1
AAPL Apple Inc. - Common Stock $6,953,321 1.80% 24,030 $1,564,090 Up ×2
VEA Vanguard FTSE Developed Markets ETF $6,510,255 1.68% 91,372 $-714,573 Down ×1
LRCX Lam Research Corporation - Common Stock $5,481,625 1.42% 12,650 $2,716,224 Down ×1
BKNG Booking Holdings Inc. - Common Stock $5,279,825 1.36% 29,622 $429,536 Up ×4
MA Mastercard Incorporated Common Stock $5,174,006 1.34% 10,074 $329,303 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $5,159,521 1.33% 10,311 $325,351 Up ×1
V Visa Inc. $5,130,225 1.33% 14,953 $760,137 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $4,959,768 1.28% 8,805 $21,714 Up ×1
QQQ Invesco QQQ Trust, Series 1 $4,850,667 1.25% 6,587 $1,287,158 Up ×1
VOO Vanguard S&P 500 ETF $4,831,708 1.25% 7,035 $-2,934,649 Down ×3
CAT Caterpillar, Inc. Common Stock $4,825,062 1.25% 4,531 $917,197 Down ×1
TJX TJX Companies, Inc. (The) Common Stock $4,680,593 1.21% 30,895 $-150,651 Up ×1
SPY SPY $4,435,067 1.15% 5,939 $590,257 Up ×1
HD Home Depot, Inc. (The) Common Stock $4,262,138 1.10% 12,085 $355,911 Up ×1
RTX RTX Corporation Common Stock $4,144,842 1.07% 21,846 $609,178 Up ×4
VBR Vanguard Morningstar Small-Cap Value ETF $3,983,092 1.03% 16,392 $-335,838 Down ×1
PG Procter & Gamble Company (The) Common Stock $3,904,437 1.01% 26,626 $484,242 Up ×4
MS Morgan Stanley Common Stock $3,869,539 1.00% 18,511 $937,066 Up ×4
CVX Chevron Corporation Common Stock $3,819,276 0.99% 23,041 $-880,251 Up ×4
IJH iShares Trust $3,756,337 0.97% 48,714 $-10,081 Down ×1
COR Cencora, Inc. Common Stock $3,656,385 0.94% 12,921 $-23,765 Up ×4
FCX Freeport-McMoRan, Inc. Common Stock $3,639,633 0.94% 57,873 $306,689 Up ×2
XLE SELECT SECTOR SPDR TRUST $3,587,687 0.93% 67,552 $-487,818 Up ×1
IJR iShares Trust $3,515,392 0.91% 23,703 $1,001,098 Up ×4
VGK Vanguard FTSEEuropean ETF $3,506,627 0.91% 39,605 $250,807 Up ×2
ASML ASML Holding N.V. - New York Registry Shares $3,429,795 0.89% 1,724 $1,152,684
VGT Vanguard Information Tech ETF $3,205,048 0.83% 26,816 $829,311 Up ×1
PANW Palo Alto Networks, Inc. - Common Stock $3,072,931 0.79% 9,011 $1,670,291 Up ×4
KO Coca-Cola Company (The) Common Stock $2,932,222 0.76% 36,080 $390,175 Up ×4
URI United Rentals, Inc. Common Stock $2,888,870 0.75% 2,550 $1,081,313 Up ×4
IYH iShares U.S. Healthcare ETF $2,843,837 0.73% 42,439 $265,929 Up ×1
ETR Entergy Corporation Common Stock $2,839,454 0.73% 24,721 $-118,535 Down ×1
SSRM SSR Mining Inc. - Common Stock $2,766,900 0.72% 69,000 $-52,440
NFLX Netflix, Inc. - Common Stock $2,765,465 0.71% 38,732 $-391,716 Up ×4
SOXX iShares Trust $2,755,268 0.71% 4,300 $1,276,298 Down ×1
EWJ iShares MSCI Japan Index Fund $2,729,920 0.71% 29,269 $299,399 Up ×4
LLY Eli Lilly and Company Common Stock $2,656,737 0.69% 2,215 $669,114 Up ×4
MPC Marathon Petroleum Corporation Common Stock $2,593,005 0.67% 10,142 $30,580 Down ×4
NEE NextEra Energy, Inc. Common Stock $2,552,439 0.66% 29,081 $-93,526 Up ×4
TSM Taiwan Semiconductor Manufacturing Company Ltd. $2,551,657 0.66% 5,343 $770,660 Up ×1
GD General Dynamics Corporation Common Stock $2,535,650 0.66% 7,158 $236,762 Up ×2
EFA iShares Trust $2,511,299 0.65% 24,175 $115,102 Down ×2
ORLY O'Reilly Automotive, Inc. - Common Stock $2,448,581 0.63% 26,589 $-154,192 Down ×3
JNJ Johnson & Johnson Common Stock $2,440,652 0.63% 9,610 $42,451 Down ×4
WFC Wells Fargo & Company Common Stock $2,422,426 0.63% 29,313 $136,823 Up ×4
BLK BlackRock, Inc. Common Stock $2,398,131 0.62% 2,494 $234,283 Up ×4
AEP American Electric Power Company, Inc. - Common Stock $2,363,666 0.61% 17,277 $125,344 Up ×3
SCHW Charles Schwab Corporation (The) Common Stock $2,317,915 0.60% 25,121 $98,953 Up ×4
ICE Intercontinental Exchange Inc. Common Stock $2,311,883 0.60% 18,779 $216,127 Up ×4
KBE SPDR SERIES TRUST $2,263,199 0.58% 33,175 $283,161 Down ×4
XOM Exxon Mobil Corporation Common Stock $2,259,571 0.58% 16,527 $-305,858 Up ×4
SVM CUSIP: 82835P103 $2,254,520 0.58% 157,000 $-94,200
HDV iShares Trust $2,226,624 0.58% 81,234 $37,189 Up ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $2,167,510 0.56% 5,215 $776,677 Up ×1
TMO Thermo Fisher Scientific Inc Common Stock $2,090,671 0.54% 4,170 $-27,332 Down ×4
GS Goldman Sachs Group, Inc. (The) Common Stock $2,079,377 0.54% 2,056 $470,304 Up ×2
VIG Vanguard Div Appreciation ETF $2,073,974 0.54% 8,765 $-826,540 Down ×1
DVY iShares Select Dividend ETF $2,049,249 0.53% 13,111 $32,771 Down ×1
Unknown issuer (CUSIP: 438516205) $2,033,236 0.53% 9,081 Up ×1
PEP PepsiCo, Inc. - Common Stock $2,020,168 0.52% 14,920 $-482,952 Down ×3
Unknown issuer (CUSIP: 43849R105) $2,007,627 0.52% 9,081 Up ×1
VO Vanguard Morningstar Mid-Cap ETF $2,004,018 0.52% 24,873 $305,635 Up ×1
ABBV AbbVie Inc. Common Stock $1,910,954 0.49% 7,594 $310,445 Up ×2
WMT Walmart Inc. - Common Stock $1,834,132 0.47% 16,194 $-7,573 Up ×4
LHX L3Harris Technologies, Inc. Common Stock $1,829,264 0.47% 6,295 $-125,320 Up ×4
QCOM QUALCOMM Incorporated - Common Stock $1,726,123 0.45% 9,341 $519,326 Down ×2
DUK Duke Energy Corporation (Holding Company) Common Stock $1,721,488 0.44% 13,600 $-78,020 Down ×1
MDLZ Mondelez International, Inc. - Class A Common Stock $1,715,361 0.44% 29,657 $-8,651 Down ×3
USB U.S. Bancorp Common Stock $1,605,553 0.41% 26,582 $297,554 Up ×2
TFC Truist Financial Corporation Common Stock $1,518,414 0.39% 30,478 $69,669 Down ×1
IXG iShares Global Financial ETF $1,480,489 0.38% 11,891 $291,469 Up ×2
NEM Newmont Corporation $1,326,280 0.34% 14,200 $222,130 Up ×2
NGG National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares $1,317,964 0.34% 15,904 $197,099 Up ×3
RPV Invesco Exchange-Traded Fund Trust $1,312,914 0.34% 11,535 $-1,480,300 Down ×1
UL Unilever PLC American Depositary Shares (each representing One Ordinary Share) $1,308,271 0.34% 21,761 $72,820 Up ×2
IHI iShares Trust $1,290,589 0.33% 26,120 $493,540 Up ×3
SPYM State Street SPDR Portfolio S&P 500 ETF $1,274,260 0.33% 14,500 $164,430
TPR Tapestry, Inc. Common Stock $1,242,034 0.32% 8,485 $11,696 Down ×1
URTH iShares MSCI World ETF $1,240,157 0.32% 6,120 $116,832 Down ×1
VYM Vanguard High Dividend Yield ETF $1,197,867 0.31% 7,580 $84,155 Up ×1
GSK GSK plc American Depositary Shares (Each representing two Ordinary Shares) $1,167,289 0.30% 22,268 $-13,887 Up ×1
IQV IQVIA Holdings, Inc. Common Stock $1,157,388 0.30% 5,990 $-225,180 Down ×4
NOC Northrop Grumman Corporation Common Stock $1,130,668 0.29% 2,220 $93,663 Up ×1
WEC WEC Energy Group, Inc. Common Stock $1,103,593 0.29% 9,451 $1,079,860 Up ×1
UBER Uber Technologies, Inc. Common Stock $1,042,712 0.27% 14,450 $3,323
MRK Merck & Company, Inc. Common Stock (new) $1,030,699 0.27% 8,021 $232,575 Up ×3
AMGN Amgen Inc. - Common Stock $986,777 0.26% 2,725 $58,597 Up ×4
LH Labcorp Holdings Inc. Common Stock $973,000 0.25% 3,475 $-9,928 Down ×4
IVV iShares Trust $945,848 0.24% 1,263 $-3,538,439 Down ×4
GPC Genuine Parts Company Common Stock $897,710 0.23% 7,609 $107,123 Up ×4
VIGI Vanguard International Dividend Appreciation ETF $885,242 0.23% 9,480 $52,391 Up ×2

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

SecurityValue% of portfolioStreak
AMZN $8,267,061 2.14% up ×4
BKNG $5,279,825 1.36% up ×4
RTX $4,144,842 1.07% up ×4
PG $3,904,437 1.01% up ×4
MS $3,869,539 1.00% up ×4
CVX $3,819,276 0.99% up ×4
COR $3,656,385 0.94% up ×4
IJR $3,515,392 0.91% up ×4
PANW $3,072,931 0.79% up ×4
KO $2,932,222 0.76% up ×4
URI $2,888,870 0.75% up ×4
NFLX $2,765,465 0.71% up ×4
EWJ $2,729,920 0.71% up ×4
LLY $2,656,737 0.69% up ×4
NEE $2,552,439 0.66% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 438516205) $2,033,236 9,081 0.53%
Unknown issuer (CUSIP: 43849R105) $2,007,627 9,081 0.52%
OIH $372,030 1,000 0.10%
EWT $276,956 2,550 0.07%
SYK $56,671 180 0.01%
YOU $44,584 800 0.01%
JD $35,672 1,400 0.01%
USNA $34,160 1,600 0.01%
CMCO $32,530 2,150 0.01%
SKM $32,160 1,000 0.01%
ASTS $31,101 350 0.01%
MHH $30,920 4,000 0.01%
HDSN $30,422 5,300 0.01%
KGEI $29,880 6,000 0.01%
IDV $13,962 337 0.00%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AMAT Trimmed -747 +$8.5M
MU Trimmed -2K +$6.7M
IVV Trimmed -6K -$3.5M
VOO Trimmed -6K -$2.9M
GOOG Trimmed -900 +$2.8M
LRCX Trimmed -293 +$2.7M
AVGO Trimmed -1K +$2.5M
PANW Bought more +262 +$1.7M
NVDA Bought more +591 +$1.6M
ADI Trimmed -530 +$1.6M

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
HON June 30, 2026 17,498 $3,955,073 -4.4%
IAU June 30, 2026 31,500 $2,777,040 3.1%
DBC June 30, 2026 58,700 $1,699,365
UL (filed as ULXXXX) Dec. 31, 2025 23,513 $1,394,000 -8.3%
RSP June 30, 2026 7,040 $1,351,117 -0.8%
PNW Sept. 30, 2025 5,100 $456,000 7.0%
PYPL March 31, 2026 7,000 $408,660 20.3%
CPRT Dec. 31, 2025 6,000 $270,000 -29.4%
BBY March 31, 2026 2,000 $133,860 36.1%
DEO March 31, 2026 1,500 $129,405 12.8%
TD Sept. 30, 2025 1,252 $92,000 46.5%
SONY June 30, 2026 4,000 $82,800 17.3%
AFRM Sept. 30, 2025 1,000 $69,000 2.3%
CCK June 30, 2026 570 $57,143 -4.7%
FONR June 30, 2026 2,800 $51,968 No longer tracked
TITN Sept. 30, 2025 2,400 $48,000 51.3%
SHOP Sept. 30, 2025 400 $46,000 7.7%
CTGO Dec. 31, 2025 1,487 $37,000 No longer tracked
GSL Sept. 30, 2025 1,400 $37,000 49.4%
EMR June 30, 2026 260 $34,065 13.4%
GASS Sept. 30, 2025 5,000 $32,000 39.5%
CVS Sept. 30, 2025 400 $28,000 15.4%
PANL Sept. 30, 2025 5,000 $24,000 67.9%
PBE June 30, 2026 300 $23,754
NU Sept. 30, 2025 1,500 $21,000 -5.2%
XYZ June 30, 2026 340 $20,461 0.3%
MET Sept. 30, 2025 250 $20,000 17.6%
RNR Sept. 30, 2025 65 $16,000 27.4%
ZTS June 30, 2026 130 $15,367 -0.6%
COO June 30, 2026 200 $14,300 -20.8%
INFY June 30, 2026 1,000 $13,510 2.6%
TTE Dec. 31, 2025 210 $13,000 29.0%
WAT June 30, 2026 29 $8,636 17.4%
RNR March 31, 2026 30 $8,435 8.8%
SBUX Dec. 31, 2025 100 $8,000 12.1%
ABT March 31, 2026 60 $7,517 -2.5%
FIS Dec. 31, 2025 100 $7,000 -49.5%