Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +12.0%
S&P 500 total return (same window) +37.0%
Excess return -25.0%

Annualized: +9.5% · 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: 100.0% · Options excluded: 0.0%

Sector breakdown

04
Financials 41.7%
Technology 22.7%
Communication Services 19.5%
Retail 9.8%
Industrials 6.3%

Full portfolio 14 positions

05
Type Streak 8Q trend
TSM Taiwan Semiconductor Manufacturing Company Ltd. $35,340,180 12.29% 74,000 $6,614,430 Down ×1
AMZN Amazon.com, Inc. - Common Stock $28,213,974 9.81% 118,377 $-2,480,234 Down ×1
BN Brookfield Corporation Class A Limited Voting Shares $25,975,471 9.03% 609,896 $-2,349,320 Down ×2
APO Apollo Global Management, Inc. (New) Common Stock $23,539,786 8.19% 198,967 $-1,971,717 Down ×1
MGNI Magnite, Inc. - Common Stock $21,987,001 7.65% 1,158,430 $5,788,562 Down ×1
FOUR Shift4 Payments, Inc. Class A Common Stock $21,945,687 7.63% 451,186 $-627,127 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $21,620,885 7.52% 60,500 $1,635,465 Down ×1
KKR KKR & Co. Inc. Common Stock $21,033,223 7.31% 229,170 $-3,402,502 Down ×1
TDG Transdigm Group Incorporated Common Stock $18,185,010 6.32% 13,652 $2,362,888
NVDA NVIDIA Corporation - Common Stock $16,007,200 5.57% 80,000 $2,055,200
MA Mastercard Incorporated Common Stock $13,911,370 4.84% 27,086 $-1,621,061 Down ×1
MU Micron Technology, Inc. - Common Stock $13,851,480 4.82% 12,000 Up ×1
MCO Moody's Corporation Common Stock $13,587,600 4.72% 30,000 $-3,862,400 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $12,392,380 4.31% 22,000 $-2,460,115 Down ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
MU $13,851,480 12,000 4.82%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
TSM Trimmed -11K +$6.6M
MGNI Trimmed -205K +$5.8M
MCO Trimmed -10K -$3.9M
KKR Trimmed -35K -$3.4M
AMZN Trimmed -29K -$2.5M
META Trimmed -4K -$2.5M
TDG Price move only +0 +$2.4M
BN Trimmed -90K -$2.3M
NVDA Price move only +0 +$2.1M
APO Trimmed -30K -$2.0M

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
MSFT March 31, 2026 35,710 $17,270,070 41.9%
DIS March 31, 2026 139,500 $15,870,915 7.5%
PCOR March 31, 2026 211,240 $15,365,598 -4.9%
OWL June 30, 2025 716,000 $14,348,640 -53.3%
FICO March 31, 2026 7,976 $13,484,385 -35.4%
GOOG March 31, 2026 39,975 $12,544,155 19.0%
FICO Sept. 30, 2025 6,000 $10,967,760 -53.9%