Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +30.1%
S&P 500 total return (same window) +37.0%
Excess return -6.9%

Annualized: +23.4% · 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: 94.9% · Options excluded: 0.0%

Sector breakdown

04
Technology 6.9%
Financials 6.9%
Communication Services 3.3%
Retail 2.2%
Real Estate 0.2%
Industrials 0.2%
Consumer Staples 0.1%
Energy 0.1%
Consumer Discretionary 0.1%
Healthcare 0.0%
Other/Unmapped 80.0%

Full portfolio 30 positions

05
Type Streak 8Q trend
SPY SPY $124,884,298 62.17% 167,232 $17,775,931 Up ×6
SGOV iShares Trust $24,557,582 12.23% 243,941 $6,820,060 Up ×3
BINC iShares Flexible Income Active ETF $10,944,525 5.45% 209,104 $335,191 Up ×1
AAPL Apple Inc. - Common Stock $7,890,988 3.93% 27,270 $1,016,959 Up ×5
JPM JP Morgan Chase & Co. Common Stock $7,217,792 3.59% 22,050 $762,017 Up ×6
GS Goldman Sachs Group, Inc. (The) Common Stock $4,099,580 2.04% 4,053 $701,869 Up ×6
MSFT Microsoft Corporation - Common Stock $3,659,707 1.82% 9,811 $-354,956 Down ×2
AMZN Amazon.com, Inc. - Common Stock $3,031,443 1.51% 12,719 $383,703 Up ×6
META Meta Platforms, Inc. - Class A Common Stock $2,944,705 1.47% 5,227 $-26,319 Up ×6
GOOG Alphabet Inc. - Class C Capital Stock $1,651,462 0.82% 4,673 $559,318 Up ×2
WMT Walmart Inc. - Common Stock $1,447,796 0.72% 12,782 $-133,543 Up ×6
MSGS Madison Square Garden Sports Corp. Class A Common Stock (New) $1,252,048 0.62% 3,115 $-118,330 Down ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $984,677 0.49% 2,061 $213,710 Down ×2
AXP American Express Company Common Stock $737,596 0.37% 2,180 $84,712 Up ×6
CSCO Cisco Systems, Inc. - Common Stock $692,528 0.34% 5,895 $132,157 Down ×1
NVDA NVIDIA Corporation - Common Stock $639,530 0.32% 3,196 $83,657 Up ×2
BLK BlackRock, Inc. Common Stock $544,938 0.27% 566 $2,756 Up ×3
MS Morgan Stanley Common Stock $512,222 0.26% 2,450 $111,156 Up ×1
AVGO Broadcom Inc. - Common Stock $462,265 0.23% 1,223 $-61,328 Down ×2
SPG Simon Property Group, Inc. Common Stock $377,119 0.19% 1,686 Up ×1
GEV GE Vernova Inc. Common Stock $366,742 0.18% 312 $94,392
QQQ Invesco QQQ Trust, Series 1 $344,172 0.17% 467 $74,413
HOOD Robinhood Markets, Inc. - Class A Common Stock $292,018 0.15% 2,912 $90,626 Up ×1
KO Coca-Cola Company (The) Common Stock $268,662 0.13% 3,305 Up ×1
SCHW Charles Schwab Corporation (The) Common Stock $221,268 0.11% 2,398 Up ×1
XOM Exxon Mobil Corporation Common Stock $218,478 0.11% 1,598 Up ×1
WULF TeraWulf Inc. - Common Stock $210,246 0.10% 8,512 Up ×1
RACE Ferrari N.V. Common Shares $205,083 0.10% 550
C Citigroup, Inc. Common Stock $203,435 0.10% 1,453
HOWL Werewolf Therapeutics, Inc. - Common Stock $3,912 0.00% 10,870 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
SPY $124,884,298 62.17% up ×6
SGOV $24,557,582 12.23% up ×3
AAPL $7,890,988 3.93% up ×5
JPM $7,217,792 3.59% up ×6
GS $4,099,580 2.04% up ×6
AMZN $3,031,443 1.51% up ×6
META $2,944,705 1.47% up ×6
WMT $1,447,796 0.72% up ×6
AXP $737,596 0.37% up ×6
BLK $544,938 0.27% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
SPG $377,119 1,686 0.19%
KO $268,662 3,305 0.13%
SCHW $221,268 2,398 0.11%
XOM $218,478 1,598 0.11%
WULF $210,246 8,512 0.10%
RACE $205,083 550 0.10%
C $203,435 1,453 0.10%
HOWL $3,912 10,870 0.00%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPY Bought more +3K +$17.8M
SGOV Bought more +68K +$6.8M
AAPL Bought more +184 +$1.0M
JPM Bought more +103 +$762K
GS Bought more +37 +$702K
GOOG Bought more +866 +$559K
AMZN Bought more +6 +$384K
MSFT Trimmed -1K -$355K
BINC Bought more +5K +$335K
TSM Trimmed -220 +$214K

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
BINC June 30, 2025 35,541 $1,861,630
GOOG June 30, 2025 11,770 $1,838,844 91.9%
SGOV June 30, 2025 17,391 $1,750,755 0.0%
BX March 31, 2026 6,787 $1,046,175 -2.8%
BX June 30, 2025 5,119 $715,565 -25.3%
UBER June 30, 2025 9,738 $709,511 -27.0%
C June 30, 2025 8,326 $591,097 51.0%
HD June 30, 2026 1,427 $469,453 -19.8%
NFLX Dec. 31, 2025 336 $402,839 -28.5%
WFC June 30, 2026 4,852 $386,230 -2.7%
BABA Dec. 31, 2025 2,136 $381,770 -27.8%
BLK June 30, 2025 401 $379,967 1.0%
CRM Sept. 30, 2025 1,326 $361,606 -1.0%
NFLX June 30, 2026 3,556 $341,912 -6.1%
AVGO June 30, 2025 1,983 $332,062 28.8%
RSP June 30, 2026 1,604 $307,936 -0.8%
ARES June 30, 2025 2,091 $306,542 -32.1%
HOOD June 30, 2025 7,211 $300,123 20.4%
DKS June 30, 2026 1,449 $287,324 -40.0%
PANW June 30, 2026 1,528 $244,969 18.2%
CRWD June 30, 2025 682 $240,460 -47.0%
IBM March 31, 2026 736 $217,879 -8.1%
BMY June 30, 2025 3,557 $216,940 32.1%
PANW Dec. 31, 2025 1,033 $210,338 118.9%
SBUX Sept. 30, 2025 2,288 $209,695 12.0%
CRWD June 30, 2026 522 $203,793 41.5%
RACE March 31, 2026 546 $201,635 14.7%