Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +27.4%
S&P 500 total return (same window) +37.0%
Excess return -9.6%

Annualized: +21.4% · 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: 98.4% · Options excluded: 0.0%

Sector breakdown

04
Technology 35.2%
Retail 13.1%
Communication Services 12.2%
Financials 11.8%
Healthcare 8.5%
Industrials 3.0%
Materials 2.1%
Energy 1.9%
Consumer Discretionary 1.5%
Consumer products 1.1%
Consumer Staples 0.1%
Utilities 0.1%
Real Estate 0.0%
Other/Unmapped 9.5%

Full portfolio 130 positions

05
Type Streak 8Q trend
AAPL Apple Inc. - Common Stock $148,965,668 8.84% 514,811 $17,904,143 Down ×3
GOOG Alphabet Inc. - Class C Capital Stock $136,262,806 8.09% 385,653 $15,281,616 Down ×3
NVDA NVIDIA Corporation - Common Stock $130,800,078 7.77% 653,706 $16,131,692 Down ×3
AMZN Amazon.com, Inc. - Common Stock $98,911,158 5.87% 415,000 $13,317,969 Up ×6
MSFT Microsoft Corporation - Common Stock $96,514,350 5.73% 258,738 $84,195 Down ×3
AMAT Applied Materials, Inc. - Common Stock $70,922,067 4.21% 98,094 $37,109,103 Down ×1
TXN Texas Instruments Incorporated - Common Stock $70,461,783 4.18% 236,393 $24,470,902 Down ×2
COST Costco Wholesale Corporation - Common Stock $59,489,436 3.53% 63,593 $-3,877,594 Down ×3
IJR iShares Trust $58,255,871 3.46% 392,798 $10,085,622 Up ×6
LLY Eli Lilly and Company Common Stock $57,395,556 3.41% 47,852 $13,751,243 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $56,162,382 3.33% 99,704 $-750,937 Up ×1
JPM JP Morgan Chase & Co. Common Stock $51,308,461 3.05% 156,748 $4,341,629 Down ×6
JNJ Johnson & Johnson Common Stock $43,376,853 2.58% 170,795 $1,338,206 Down ×2
MA Mastercard Incorporated Common Stock $41,971,064 2.49% 81,719 $1,041,269 Down ×2
MS Morgan Stanley Common Stock $36,779,969 2.18% 175,947 $6,931,946 Down ×6
AVGO Broadcom Inc. - Common Stock $34,226,143 2.03% 90,605 $7,405,168 Up ×3
TJX TJX Companies, Inc. (The) Common Stock $34,066,414 2.02% 224,861 $-1,743,720 Up ×1
GE GE Aerospace Common Stock $33,035,191 1.96% 88,393 $8,368,157 Up ×6
IEMG iShares, Inc. $29,836,867 1.77% 360,175 $10,814,882 Up ×1
CVX Chevron Corporation Common Stock $29,657,356 1.76% 178,917 $-7,319,748 Up ×6
HD Home Depot, Inc. (The) Common Stock $27,265,723 1.62% 77,310 $1,854,007 Up ×1
AXP American Express Company Common Stock $23,921,711 1.42% 70,722 $1,771,711 Down ×6
APD Air Products and Chemicals, Inc. Common Stock $22,076,312 1.31% 75,300 $197,049 Down ×1
ACN Accenture plc Class A Ordinary Shares (Ireland) $18,877,714 1.12% 151,701 $-3,239,618 Up ×1
ISRG Intuitive Surgical, Inc. - Common Stock $18,307,596 1.09% 46,036 $1,452,419 Up ×1
Unknown issuer (CUSIP: 438516205) $17,421,200 1.03% 77,808 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $17,420,321 1.03% 36,477 $5,647,157 Up ×1
SPGI S&P Global Inc. Common Stock $17,176,467 1.02% 42,176 $-931,386 Down ×2
Unknown issuer (CUSIP: 43849R105) $17,067,880 1.01% 77,203 Up ×1
CL Colgate-Palmolive Company Common Stock $16,750,323 0.99% 182,704 $1,373,364 Up ×6
ABT Abbott Laboratories Common Stock $15,121,012 0.90% 166,641 $-2,194,483 Down ×3
CME CME Group Inc. - Class A Common Stock $13,783,093 0.82% 62,415 $-4,789,372 Down ×3
ECL Ecolab Inc. Common Stock $12,950,425 0.77% 46,482 $608,638 Up ×1
CMG Chipotle Mexican Grill, Inc. Common Stock $12,611,178 0.75% 370,917 $794,110 Up ×6
TSLA Tesla, Inc. - Common Stock $11,293,951 0.67% 26,852 $10,106,210 Up ×2
UBER Uber Technologies, Inc. Common Stock $8,891,916 0.53% 123,225 $167,742 Up ×4
NFLX Netflix, Inc. - Common Stock $8,649,753 0.51% 121,145 $-2,884,113 Up ×6
MSCI MSCI Inc. Common Stock $7,664,174 0.46% 13,685 $482,379 Up ×2
SPY SPY $7,152,823 0.42% 9,578 $4,176,053 Up ×5
FBND Fidelity Merrimack Street Trust $5,213,791 0.31% 114,614 $167,945 Up ×6
SPYM State Street SPDR Portfolio S&P 500 ETF $3,788,331 0.22% 43,108 $873,229 Up ×2
ZTS Zoetis Inc. Class A Common Stock $3,736,336 0.22% 51,995 $-6,534,298 Down ×3
GLW Corning Incorporated Common Stock $3,038,883 0.18% 11,897 $1,453,184 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $2,888,324 0.17% 8,082 $344,521 Down ×3
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $2,702,106 0.16% 5,400 $102,446 Down ×4
EFA iShares Trust $2,632,215 0.16% 25,339 $147,532 Down ×1
IVV iShares Trust $2,469,479 0.15% 3,298 $387,360 Up ×1
IJH iShares Trust $2,307,426 0.14% 29,924 $167,412 Down ×4
XOM Exxon Mobil Corporation Common Stock $2,162,693 0.13% 15,818 $-522,955 Down ×1
JPST JPMorgan Ultra-Short Income ETF $1,801,000 0.11% 35,614 $40,430 Up ×4
VOO Vanguard S&P 500 ETF $1,557,635 0.09% 2,268 $228,740 Up ×1
MU Micron Technology, Inc. - Common Stock $1,391,432 0.08% 1,205 Up ×1
QQQ Invesco QQQ Trust, Series 1 $1,358,660 0.08% 1,845 $278,754 Down ×2
CAT Caterpillar, Inc. Common Stock $1,284,556 0.08% 1,206 $429,982
IXUS iShares Core MSCI Total International Stock ETF $1,233,467 0.07% 12,924 $-38,928 Down ×3
IBM International Business Machines Corporation Common Stock $1,186,349 0.07% 4,219 $163,771
VIG Vanguard Div Appreciation ETF $1,164,407 0.07% 4,921 $170,185 Up ×1
PG Procter & Gamble Company (The) Common Stock $1,045,136 0.06% 7,127 $-170,786 Down ×6
MRK Merck & Company, Inc. Common Stock (new) $972,253 0.06% 7,566 $-37,366 Down ×2
ABBV AbbVie Inc. Common Stock $959,587 0.06% 3,813 $132,835 Up ×1
PNC PNC Financial Services Group, Inc. (The) Common Stock $944,007 0.06% 3,834 $149,519 Up ×1
UNP Union Pacific Corporation Common Stock $916,912 0.05% 3,371 $94,430 Down ×5
MCD McDonald's Corporation Common Stock $905,539 0.05% 3,350 $-21,548 Up ×1
CSCO Cisco Systems, Inc. - Common Stock $862,778 0.05% 7,345 $199,283 Down ×2
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $748,850 0.04% 1 $30,710
SHW Sherwin-Williams Company (The) Common Stock $706,889 0.04% 2,053 $48,800
V Visa Inc. $656,464 0.04% 1,913 $18,923 Down ×2
QCOM QUALCOMM Incorporated - Common Stock $621,838 0.04% 3,365 $346,621 Up ×1
GEV GE Vernova Inc. Common Stock $598,065 0.04% 509 $250,605 Up ×2
VTI Vanguard Morningstar Total Stock Market ETF $594,654 0.04% 1,607 $49,919 Down ×2
DHR Danaher Corporation Common Stock $577,535 0.03% 3,032 $-53,833 Down ×6
KO Coca-Cola Company (The) Common Stock $575,107 0.03% 7,077 $12,223 Down ×3
NEE NextEra Energy, Inc. Common Stock $567,815 0.03% 6,469 $-53,661 Down ×2
ORCL Oracle Corporation Common Stock $566,091 0.03% 3,863 $-9,519 Down ×1
MCO Moody's Corporation Common Stock $554,827 0.03% 1,225 $20,421
IJS iShares S&P SmallCap 600 Value ETF $505,033 0.03% 3,695 $67,360
TCHP T. Rowe Price Blue Chip Growth ETF $500,349 0.03% 9,989 $-114,946 Down ×4
DGX Quest Diagnostics Incorporated Common Stock $490,240 0.03% 2,313 $36,938
IWB iShares Russell 1000 ETF $486,077 0.03% 1,187 $62,840
VUG Vanguard Morningstar Growth ETF $468,860 0.03% 5,443 $153,934 Up ×1
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $465,130 0.03% 482 Up ×1
EW Edwards Lifesciences Corporation Common Stock $450,491 0.03% 4,980 $51,693
WMT Walmart Inc. - Common Stock $442,598 0.03% 3,908 $44,287 Up ×1
XLU XLU $432,816 0.03% 9,546 $-52,379 Down ×2
WM Waste Management, Inc. Common Stock $426,147 0.03% 1,912 $16,431 Up ×1
ADP Automatic Data Processing, Inc. - Common Stock $412,740 0.02% 1,843 $36,654 Down ×6
PM Philip Morris International Inc Common Stock $400,897 0.02% 2,216 $21,111 Down ×2
WEC WEC Energy Group, Inc. Common Stock $390,829 0.02% 3,347 $1,031 Down ×1
PEP PepsiCo, Inc. - Common Stock $385,755 0.02% 2,849 $-94,091 Down ×6
ACWX iShares MSCI ACWI ex U.S. ETF $384,127 0.02% 5,047 $-64,899 Down ×4
ROK Rockwell Automation, Inc. Common Stock $372,795 0.02% 753 $102,558
AMD Advanced Micro Devices, Inc. - Common Stock $368,297 0.02% 634 Up ×1
LOW Lowe's Companies, Inc. Common Stock $356,973 0.02% 1,619 $-95,976 Down ×2
MUB iShares Trust $351,164 0.02% 3,263 $-30,658 Down ×3
UNH UnitedHealth Group Incorporated Common Stock (DE) $341,196 0.02% 821 $127,229 Up ×1
TT Trane Technologies plc $334,480 0.02% 681 $32,760 Down ×5
CWT California Water Service Group Common Stock $324,350 0.02% 6,667 $22,068
JEF Jefferies Financial Group Inc. Common Stock $315,674 0.02% 6,316 $55,013
IEFA iShares Core MSCI EAFE ETF $313,306 0.02% 3,244 $34,383 Up ×2
SCHD SCHWAB STRATEGIC TRUST $312,339 0.02% 9,850 $-160,803 Down ×5

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
AMZN $98,911,158 5.87% up ×6
IJR $58,255,871 3.46% up ×6
AVGO $34,226,143 2.03% up ×3
GE $33,035,191 1.96% up ×6
CVX $29,657,356 1.76% up ×6
CL $16,750,323 0.99% up ×6
CMG $12,611,178 0.75% up ×6
UBER $8,891,916 0.53% up ×4
NFLX $8,649,753 0.51% up ×6
SPY $7,152,823 0.42% up ×5
FBND $5,213,791 0.31% up ×6
JPST $1,801,000 0.11% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 438516205) $17,421,200 77,808 1.03%
Unknown issuer (CUSIP: 43849R105) $17,067,880 77,203 1.01%
MU $1,391,432 1,205 0.08%
STX $465,130 482 0.03%
AMD $368,297 634 0.02%
RS $235,368 630 0.01%
PRFZ $224,474 4,025 0.01%
IVE $222,065 978 0.01%
MGK $221,094 2,515 0.01%
VEU $219,090 2,616 0.01%
DIA $208,956 400 0.01%
RPG $208,470 3,265 0.01%
EFG $206,910 1,663 0.01%
SBUX $204,482 2,001 0.01%
ETN $200,276 470 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AMAT Trimmed -835 +$37.1M
TXN Trimmed -502 +$24.5M
AAPL Trimmed -2K +$17.9M
NVDA Trimmed -4K +$16.1M
GOOG Trimmed -36K +$15.3M
LLY Bought more +401 +$13.8M
AMZN Bought more +4K +$13.3M
IEMG Bought more +87K +$10.8M
IJR Bought more +5K +$10.1M
GE Bought more +1K +$8.4M

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
HON June 30, 2026 156,227 $35,311,926 -4.2%
GMS Sept. 30, 2025 12,250 $1,332,188 No longer tracked
RSP Sept. 30, 2025 2,445 $444,354 11.3%
VB June 30, 2025 1,897 $420,660
VMC March 31, 2026 1,474 $420,414 -11.9%
SBUX Dec. 31, 2025 4,920 $416,232 11.3%
BIL June 30, 2025 4,406 $404,162
IWM June 30, 2025 1,956 $390,209 30.1%
VEU June 30, 2025 5,716 $346,733
FIX Sept. 30, 2025 546 $292,506 108.6%
NSC June 30, 2025 1,174 $278,062 23.3%
SPYG June 30, 2025 3,384 $271,975 31.4%
DIS March 31, 2026 2,375 $270,204 6.2%
CF June 30, 2026 2,051 $266,302 7.6%
SPMD June 30, 2025 4,737 $242,440 18.7%
LMT June 30, 2026 399 $241,152 -0.7%
IVW June 30, 2025 2,546 $236,345 31.2%
SHOP March 31, 2026 1,452 $233,728 33.2%
STZ June 30, 2025 1,269 $232,887 -31.3%
DIA March 31, 2026 466 $223,946
SHOP Sept. 30, 2025 1,941 $223,894 6.3%
IEFA Sept. 30, 2025 2,672 $223,059
T Dec. 31, 2025 7,826 $221,008 -2.2%
COP June 30, 2025 2,097 $220,249 41.0%
AMT Dec. 31, 2025 1,139 $219,052 -8.1%
EMR Sept. 30, 2025 1,641 $218,795 23.0%
AMGN June 30, 2026 606 $213,193 10.7%
ADBE June 30, 2025 547 $209,791 -38.7%
EFG Dec. 31, 2025 1,835 $208,970
SCHZ Dec. 31, 2025 8,889 $208,625 -4.8%
RTX June 30, 2026 1,073 $206,982 -3.1%
PFE June 30, 2026 7,257 $203,777 13.6%
LIN Dec. 31, 2025 425 $201,875 12.7%
CF Dec. 31, 2025 2,250 $201,825 50.6%
BBY June 30, 2026 3,130 $200,946 13.9%
T June 30, 2026 6,909 $200,292 17.4%
BEN June 30, 2025 10,000 $192,500 36.6%
GGN June 30, 2025 10,000 $43,700 No longer tracked