Sector breakdown

04
Communication Services 20.7%
Technology 13.4%
Financials 12.8%
Retail 12.2%
Industrials 8.2%
Energy 7.2%
Consumer Discretionary 3.0%
Health Care 1.1%
Other/Unmapped 21.3%

Full portfolio 35 positions

05
Type Streak 8Q trend
AMZN Amazon.com, Inc. - Common Stock $40,315,211 12.16% 169,150 $5,086,340
GOOGL Alphabet Inc. - Class A Common Stock $35,242,400 10.63% 98,616 $-6,166,240 Down ×1
Unknown issuer (CUSIP: 88557WAB7) $21,401,208 6.46% 24,000,000 Up ×1
AXP American Express Company Common Stock $21,309,750 6.43% 63,000 $-8,333,290 Down ×1
Unknown issuer (CUSIP: 46267XAK4) $20,770,500 6.27% 22,700,000 $1,964,695 Up ×1
GRAB Grab Holdings Limited - Class A Ordinary Shares $17,647,973 5.32% 4,681,160 Up ×1
Unknown issuer (CUSIP: 31810TAB7) $13,200,000 3.98% 15,000,000 Up ×1
ATHM Autohome Inc. American Depositary Shares, each representing four class A ordinary shares. $12,790,387 3.86% 672,117 $318,067 Down ×1
BSM Black Stone Minerals, L.P. Common units representing limited partner interests $12,293,600 3.71% 880,000 $620,960 Up ×1
SPGI S&P Global Inc. Common Stock $12,217,800 3.69% 30,000 $7,539,060 Up ×1
NRP Natural Resource Partners LP Limited Partnership $11,640,000 3.51% 120,000 $-460,000 Up ×1
AVGO Broadcom Inc. - Common Stock $11,332,500 3.42% 30,000 Up ×1
RBLX Roblox Corporation Class A Common Stock $11,245,784 3.39% 206,800 $114,776 Up ×3
ADBE Adobe Inc. - Common Stock $10,045,980 3.03% 49,000 $-3,323,420 Down ×1
MCO Moody's Corporation Common Stock $9,058,400 2.73% 20,000 $333,400
AMD Advanced Micro Devices, Inc. - Common Stock $8,713,650 2.63% 15,000 Up ×1
HSAI Hesai Group - American Depositary Share, each ADS represents one Class B ordinary share $8,107,900 2.45% 445,000 $-400,500
NOW ServiceNow, Inc. Common Stock $6,453,200 1.95% 65,000 $-1,910,800 Down ×1
Unknown issuer (CUSIP: 02079K404) $5,597,900 1.69% 110,000 Up ×1
Unknown issuer (CUSIP: 02079K602) $5,533,000 1.67% 110,000 Up ×1
NYT New York Times Company (The) Common Stock $5,479,434 1.65% 78,300 $-1,076,625
Unknown issuer (CUSIP: 349932103) $4,195,372 1.27% 994,164 $-208,775
WB Weibo Corporation - American Depositary Shares $3,630,000 1.10% 500,000 $-1,007,500 Down ×1
PLAB Photronics, Inc. - Common Stock $3,578,300 1.08% 110,000 Up ×1
VEEV Veeva Systems Inc. Class A Common Stock $3,549,400 1.07% 20,000 $-842,100 Down ×1
CLS Celestica, Inc. Common Stock $2,918,400 0.88% 8,000 Up ×1
UBER Uber Technologies, Inc. Common Stock $2,886,400 0.87% 40,000 $-16,412,419 Down ×1
SHMD SCHMID Group N.V. - Class A Ordinary Shares $2,759,508 0.83% 440,816 Up ×1
TONX TON Strategy Company - Common Stock $2,619,375 0.79% 1,027,206 Up ×1
NVTS Navitas Semiconductor Corporation - Common Stock $1,792,000 0.54% 100,000 Up ×1
ZTO ZTO Express (Cayman) Inc. American Depositary Shares, each representing one Class A ordinary share. $1,029,480 0.31% 46,000 $-128,340
HTHT H World Group Limited - American Depositary Shares $959,560 0.29% 23,000 $-197,110
YUMC Yum China Holdings, Inc. Common Stock $817,400 0.25% 20,000 $-158,200
COYA Coya Therapeutics, Inc. - Common Stock $226,781 0.07% 38,766 $74,043
IQ iQIYI, Inc. - American Depositary Shares $119,449 0.04% 114,855 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
RBLX $11,245,784 3.39% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 88557WAB7) $21,401,208 24,000,000 6.46%
GRAB $17,647,973 4,681,160 5.32%
Unknown issuer (CUSIP: 31810TAB7) $13,200,000 15,000,000 3.98%
AVGO $11,332,500 30,000 3.42%
AMD $8,713,650 15,000 2.63%
Unknown issuer (CUSIP: 02079K404) $5,597,900 110,000 1.69%
Unknown issuer (CUSIP: 02079K602) $5,533,000 110,000 1.67%
PLAB $3,578,300 110,000 1.08%
CLS $2,918,400 8,000 0.88%
SHMD $2,759,508 440,816 0.83%
TONX $2,619,375 1,027,206 0.79%
NVTS $1,792,000 100,000 0.54%
IQ $119,449 114,855 0.04%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AXP Trimmed -35K -$8.3M
SPGI Bought more +19K +$7.5M
GOOGL Trimmed -45K -$6.2M
AMZN Price move only +0 +$5.1M
ADBE Trimmed -6K -$3.3M
· Bought more +2.0M +$2.0M
NOW Trimmed -15K -$1.9M
NYT Price move only +0 -$1.1M
WB Trimmed -30K -$1.0M
VEEV Trimmed -5K -$842K

1 position hidden — reported move looks larger than the position itself (data completeness check)

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
META June 30, 2026 53,000 $30,322,890 31.7%
MSFT June 30, 2026 75,000 $27,762,750 40.8%
PBI June 30, 2026 1,120,000 $12,376,000 -4.1%
BMNR June 30, 2026 429,565 $8,496,796 101.3%
CCL March 31, 2026 250,000 $7,635,000 -1.2%
FOX March 31, 2026 89,330 $5,800,197 6.8%
SE Sept. 30, 2025 30,000 $4,798,200 -45.8%
INCY Dec. 31, 2025 50,000 $4,240,500 15.6%
ARM Dec. 31, 2025 28,800 $4,074,912 177.1%
NTES June 30, 2025 30,000 $3,087,600 -11.3%
NWSA Sept. 30, 2025 77,401 $2,300,358 -5.7%
SWTX June 30, 2025 50,000 $2,206,500 No longer tracked
ZTO June 30, 2025 100,000 $1,984,000 11.0%
MNSO March 31, 2026 105,250 $1,973,438 -45.1%
NTES June 30, 2026 17,600 $1,970,144 -6.8%
SBET Dec. 31, 2025 110,000 $1,871,100 7.3%
EDU June 30, 2025 38,000 $1,816,780 4.4%
ONC June 30, 2026 6,020 $1,787,759 26.9%
YMM June 30, 2026 146,000 $1,211,800 3.6%
ZLAB March 31, 2026 65,800 $1,160,712 36.2%
JD June 30, 2026 38,000 $1,123,660 3.5%
CHA Dec. 31, 2025 66,300 $1,097,265 -3.8%
BIDU June 30, 2026 9,000 $1,002,780 -23.9%
MLCO June 30, 2025 136,194 $717,742 -41.5%
BILI June 30, 2025 36,500 $697,515 -31.2%
TMUS Dec. 31, 2025 2,700 $646,326 -18.9%
GDS March 31, 2026 17,425 $608,133 -27.3%
NIO June 30, 2026 79,000 $476,370 -32.4%
EDU June 30, 2026 4,074 $230,711 22.7%