Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +40.6%
S&P 500 total return (same window) +37.0%
Excess return +3.6%

Annualized: +31.4% · 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: 95.0% · Options excluded: 0.0%

Sector breakdown

04
Technology 25.5%
Industrials 23.9%
Financials 7.3%
Communication Services 5.3%
Energy 4.6%
Healthcare 4.5%
Retail 3.1%
Materials 1.8%
Utilities 1.4%
Consumer products 1.2%
Consumer Discretionary 0.9%
Consumer Staples 0.7%
Other/Unmapped 19.8%

Full portfolio 170 positions

05
Type Streak 8Q trend
AAPL Apple Inc. - Common Stock $41,244,999 7.09% 142,539 $4,854,634 Down ×3
BE Bloom Energy Corporation Class A Common Stock $29,241,425 5.03% 96,602 $15,850,677 Down ×2
NVDA NVIDIA Corporation - Common Stock $27,866,634 4.79% 139,270 $3,293,803 Down ×1
Unknown issuer (CUSIP: 02079k305) $23,794,840 4.09% 66,583
MSFT Microsoft Corporation - Common Stock $19,220,319 3.30% 51,526 $-147,347 Down ×1
ANET Arista Networks, Inc. Common Stock $15,800,369 2.72% 93,009 $3,972,480 Down ×2
HWM Howmet Aerospace Inc. Common Stock $15,126,870 2.60% 56,263 $3,595,343 Up ×1
GEV GE Vernova Inc. Common Stock $14,340,341 2.47% 12,206 $3,655,172 Down ×2
GWW W.W. Grainger, Inc. Common Stock $12,138,849 2.09% 8,923 $2,484,090 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $11,417,899 1.96% 22,818 $483,513
AMZN Amazon.com, Inc. - Common Stock $11,393,844 1.96% 47,805 $1,557,460 Up ×4
Unknown issuer (CUSIP: 57636q104) $10,833,365 1.86% 21,093 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $10,036,701 1.73% 17,818 $-196,416 Down ×2
APH Amphenol Corporation Common Stock $9,906,716 1.70% 56,186 $2,661,175 Down ×1
Unknown issuer (CUSIP: n07059210) $9,499,576 1.63% 4,775
TT Trane Technologies plc $9,462,689 1.63% 19,266 $1,437,110 Up ×1
Unknown issuer (CUSIP: 46625h100) $9,307,956 1.60% 28,436 Up ×1
AVGO Broadcom Inc. - Common Stock $8,536,017 1.47% 22,597 $1,121,086 Down ×1
Unknown issuer (CUSIP: 00287y109) $8,398,737 1.44% 33,376
AME AMETEK, Inc. $8,375,721 1.44% 34,619 $765,941 Down ×2
FIX Comfort Systems USA, Inc. Common Stock $8,092,302 1.39% 4,083 $2,936,258 Up ×1
LRCX Lam Research Corporation - Common Stock $7,962,005 1.37% 18,374 $4,121,680 Up ×4
XOM Exxon Mobil Corporation Common Stock $7,876,986 1.35% 57,614 $-2,077,645 Down ×1
SAN Banco Santander, S.A. Sponsored ADR (Spain) $7,373,671 1.27% 534,324 $1,499,340 Up ×5
Unknown issuer (CUSIP: g29183103) $7,172,026 1.23% 16,831 Up ×1
LLY Eli Lilly and Company Common Stock $7,058,646 1.21% 5,885 $3,502,815 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $6,573,273 1.13% 13,764 $2,176,543 Up ×5
PLTR Palantir Technologies Inc. - Class A Common Stock $6,024,489 1.04% 51,637 $-1,546,379 Down ×1
PH Parker-Hannifin Corporation Common Stock $6,002,722 1.03% 6,137 $437,015 Down ×2
SNOW Snowflake Inc. Common Stock $5,984,059 1.03% 23,513 $3,640,467 Up ×3
PANW Palo Alto Networks, Inc. - Common Stock $5,893,508 1.01% 17,282 $3,056,164 Down ×1
FTI TechnipFMC plc Ordinary Share $5,516,094 0.95% 83,199 $-227,572 Up ×2
Unknown issuer (CUSIP: 25278x109) $4,922,367 0.85% 28,003 Up ×1
Unknown issuer (CUSIP: 58733r102) $4,890,181 0.84% 2,881 Up ×1
SPOT Spotify Technology S.A. Ordinary Shares $4,888,357 0.84% 10,647 $-276,904 Down ×1
BAC Bank of America Corporation Common Stock $4,854,183 0.83% 85,191 $536,152 Down ×2
BK The Bank of New York Mellon Corporation Common Stock $4,819,562 0.83% 33,328 $845,220 Down ×1
FAST Fastenal Company - Common Stock $4,597,239 0.79% 95,716 $156,017
SNA Snap-On Incorporated Common Stock $4,182,948 0.72% 10,395 $407,276
TPR Tapestry, Inc. Common Stock $4,107,423 0.71% 28,060 $147,876
HMY Harmony Gold Mining Company Limited $4,069,177 0.70% 267,533 $-56,285 Down ×2
Unknown issuer (CUSIP: 58155q103) $4,000,902 0.69% 5,295 Up ×1
AROC Archrock, Inc. Common Stock $3,986,649 0.69% 97,928 $578,755
Unknown issuer (CUSIP: 02079k107) $3,920,966 0.67% 11,097
BMY Bristol-Myers Squibb Company Common Stock $3,818,016 0.66% 66,262 $-123,749 Up ×3
PG Procter & Gamble Company (The) Common Stock $3,586,374 0.62% 24,457 $53,805
HALO Halozyme Therapeutics, Inc. - Common Stock $3,552,049 0.61% 45,382 $382,465 Down ×1
ING ING Group, N.V. Common Stock $3,517,447 0.60% 112,092 $593,595 Down ×3
MU Micron Technology, Inc. - Common Stock $3,410,927 0.59% 2,955 $3,072,073 Up ×1
PEP PepsiCo, Inc. - Common Stock $3,249,600 0.56% 24,000 $-477,360
NVS Novartis AG Common Stock $3,137,378 0.54% 20,019 $79,476
Unknown issuer (CUSIP: 40415f101) $2,919,307 0.50% 113,020 Up ×1
Unknown issuer (CUSIP: 92939u106) $2,899,282 0.50% 24,829 Up ×1
EWY iShares, Inc. $2,864,961 0.49% 14,190 $1,119,449
KR Kroger Company (The) Common Stock $2,777,055 0.48% 50,010 $-871,047 Down ×3
BCS Barclays PLC Common Stock $2,735,422 0.47% 101,840 $580,488
TMO Thermo Fisher Scientific Inc Common Stock $2,687,791 0.46% 5,361 $52,699
SIMO Silicon Motion Technology Corporation - American Depositary Shares, each representing four ordinary shares $2,683,640 0.46% 8,051 Up ×1
BBVA Banco Bilbao Vizcaya Argentaria S.A. Common Stock $2,661,222 0.46% 106,194 $546,253 Up ×1
AOS A.O. Smith Corporation Common Stock $2,658,826 0.46% 42,392 $-136,502
APP Applovin Corporation - Class A Common Stock $2,635,917 0.45% 5,116 $522,537 Down ×2
SO Southern Company (The) Common Stock $2,567,708 0.44% 26,828 $15,912 Up ×2
AMD Advanced Micro Devices, Inc. - Common Stock $2,429,366 0.42% 4,182 $1,562,754 Down ×2
LNT Alliant Energy Corporation - Common Stock $2,305,636 0.40% 30,222 $136,905
Unknown issuer (CUSIP: 48241a105) $2,129,428 0.37% 20,288 Up ×1
NTRS Northern Trust Corporation - Common Stock $2,011,329 0.35% 11,570 $396,504
Unknown issuer (CUSIP: g51502105) $1,978,622 0.34% 13,542 Up ×1
CCJ Cameco Corporation Common Stock $1,920,978 0.33% 18,859 $-164,660 Down ×1
EQT EQT Corporation Common Stock $1,898,169 0.33% 35,700 $-1,172,779 Down ×2
QBTS D-Wave Quantum Inc. Common Shares $1,841,233 0.32% 76,750 $719,156 Down ×1
IBM International Business Machines Corporation Common Stock $1,808,180 0.31% 6,430 $249,612
CLS Celestica, Inc. Common Stock $1,806,854 0.31% 4,953 $642,671 Up ×1
CHD Church & Dwight Company, Inc. Common Stock $1,762,247 0.30% 18,190 $-838,581 Down ×1
ABT Abbott Laboratories Common Stock $1,740,393 0.30% 19,180 $-228,818
ROK Rockwell Automation, Inc. Common Stock $1,716,442 0.30% 3,467 $594,942 Up ×1
CVX Chevron Corporation Common Stock $1,638,703 0.28% 9,886 $-1,192,930 Down ×1
KMB Kimberly-Clark Corporation - Common Stock $1,591,994 0.27% 14,503 $192,890
AZN AstraZeneca PLC - American Depositary Shares $1,503,497 0.26% 7,929 Up ×1
FCX Freeport-McMoRan, Inc. Common Stock $1,307,483 0.22% 20,790 $155,983 Up ×2
D Dominion Energy, Inc. Common Stock $1,289,588 0.22% 18,884 $122,179
CRDO Credo Technology Group Holding Ltd - Ordinary Shares $1,251,786 0.22% 4,603 Up ×1
SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) $1,234,747 0.21% 15,924 $-246,185
PPG PPG Industries, Inc. Common Stock $1,228,425 0.21% 10,128 $145,944
GE GE Aerospace Common Stock $1,224,713 0.21% 3,277 $301,893 Up ×1
Unknown issuer (CUSIP: 88579y101) $1,221,449 0.21% 7,544
CI The Cigna Group Common Stock $1,199,208 0.21% 4,350 $38,845
KTOS Kratos Defense & Security Solutions, Inc. - Common Stock $1,165,727 0.20% 23,380 $-1,222,024 Down ×1
HD Home Depot, Inc. (The) Common Stock $1,149,826 0.20% 3,260 $78,073 Up ×1
CASY Caseys General Stores, Inc. - Common Stock $1,133,371 0.19% 1,426 Up ×1
RKLB Rocket Lab Corporation - Common Stock $1,128,315 0.19% 11,100 $415,473
CNQ Canadian Natural Resources Limited Common Stock $1,126,659 0.19% 28,523 $-266,873 Down ×1
Unknown issuer (CUSIP: p31076105) $1,115,904 0.19% 7,173 Up ×1
HON Honeywell International Inc. - Common Stock $1,076,959 0.19% 4,810 $-1,113,272 Down ×2
CP Canadian Pacific Kansas City Limited Common Shares $1,075,327 0.18% 12,410 $96,797 Down ×1
Unknown issuer (CUSIP: 43849R105) $1,063,395 0.18% 4,810 Up ×1
Unknown issuer (CUSIP: n3167y103) $1,046,135 0.18% 2,810 Up ×1
SCHX SCHWAB STRATEGIC TRUST $1,035,995 0.18% 35,202 $148,364 Up ×1
Unknown issuer (CUSIP: 92826c839) $1,004,842 0.17% 2,929 Up ×1
NMR Nomura Holdings Inc ADR American Depositary Shares $951,489 0.16% 108,370 $93,436 Down ×4
SXT Sensient Technologies Corporation Common Stock $939,470 0.16% 7,620 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
AMZN $11,393,844 1.96% up ×4
LRCX $7,962,005 1.37% up ×4
SAN $7,373,671 1.27% up ×5
TSM $6,573,273 1.13% up ×5
SNOW $5,984,059 1.03% up ×3
BMY $3,818,016 0.66% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 02079k305) $23,794,840 66,583 4.09%
Unknown issuer (CUSIP: 57636q104) $10,833,365 21,093 1.86%
Unknown issuer (CUSIP: n07059210) $9,499,576 4,775 1.63%
Unknown issuer (CUSIP: 46625h100) $9,307,956 28,436 1.60%
Unknown issuer (CUSIP: 00287y109) $8,398,737 33,376 1.44%
Unknown issuer (CUSIP: g29183103) $7,172,026 16,831 1.23%
Unknown issuer (CUSIP: 25278x109) $4,922,367 28,003 0.85%
Unknown issuer (CUSIP: 58733r102) $4,890,181 2,881 0.84%
Unknown issuer (CUSIP: 58155q103) $4,000,902 5,295 0.69%
Unknown issuer (CUSIP: 02079k107) $3,920,966 11,097 0.67%
Unknown issuer (CUSIP: 40415f101) $2,919,307 113,020 0.50%
Unknown issuer (CUSIP: 92939u106) $2,899,282 24,829 0.50%
SIMO $2,683,640 8,051 0.46%
Unknown issuer (CUSIP: 48241a105) $2,129,428 20,288 0.37%
Unknown issuer (CUSIP: g51502105) $1,978,622 13,542 0.34%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
BE Trimmed -2K +$15.9M
AAPL Trimmed -849 +$4.9M
LRCX Bought more +400 +$4.1M
ANET Trimmed -3K +$4.0M
GEV Trimmed -35 +$3.7M
SNOW Bought more +8K +$3.6M
HWM Bought more +6K +$3.6M
LLY Bought more +2K +$3.5M
NVDA Trimmed -2K +$3.3M
PANW Trimmed -416 +$3.1M

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
GOOGL June 30, 2026 67,493 $19,408,243 -10.4%
GOOGL Dec. 31, 2025 69,844 $16,979,081 2.3%
MA June 30, 2026 21,025 $10,505,352 21.4%
ABBV Dec. 31, 2025 37,431 $8,666,774 25.0%
JPM June 30, 2026 28,351 $8,339,730 1.3%
ABBV June 30, 2026 33,693 $7,327,891 13.5%
FLEX June 30, 2025 216,362 $7,157,255 53.3%
ASML June 30, 2026 4,765 $6,293,755 -21.0%
MELI June 30, 2026 3,535 $6,112,086 6.6%
ETN June 30, 2026 16,841 $6,023,520 -14.1%
FANG June 30, 2026 27,800 $5,498,562 17.0%
MCK June 30, 2026 6,300 $5,451,768 32.4%
BABA Dec. 31, 2025 29,088 $5,198,898 -32.0%
ASML Dec. 31, 2025 4,522 $4,377,703 46.9%
NVO March 31, 2026 82,999 $4,222,989 6.3%
BABA June 30, 2026 30,821 $3,866,803 3.8%
FISV Dec. 31, 2025 28,355 $3,655,810 -25.8%
BK Dec. 31, 2025 32,683 $3,561,140 No longer tracked
GOOG June 30, 2026 11,437 $3,280,766 -10.2%
HDB June 30, 2026 125,742 $3,128,461 -14.5%
IHG June 30, 2025 26,707 $2,926,820 40.8%
GOOG Dec. 31, 2025 11,976 $2,916,753 1.1%
WEC June 30, 2026 25,089 $2,904,554 -4.9%
PRIM June 30, 2026 19,918 $2,849,071 -34.4%
MAR June 30, 2025 10,033 $2,389,861 43.0%
CDNS June 30, 2025 9,108 $2,316,438 2.7%
RACE June 30, 2026 6,600 $2,233,770 5.6%
KB June 30, 2026 20,314 $2,025,915 9.3%
JCI June 30, 2026 13,574 $1,777,515 -1.5%
HUBB June 30, 2025 4,766 $1,577,117 9.7%
FLS Sept. 30, 2025 29,257 $1,531,604 28.3%
MMM Dec. 31, 2025 9,017 $1,399,258 8.3%
CVSA Dec. 31, 2025 8,586 $1,326,108 27.4%
CYBR March 31, 2026 2,774 $1,237,370 No longer tracked
UL (filed as ULXXXX) Dec. 31, 2025 19,407 $1,150,447 1.3%
WIX Dec. 31, 2025 6,384 $1,133,990 -21.1%
UL March 31, 2026 17,069 $1,116,313 16.3%
MSI Dec. 31, 2025 2,415 $1,104,355 25.7%
MMM June 30, 2026 7,544 $1,095,615 7.1%
TFC March 31, 2026 21,085 $1,037,593 5.4%
SBUX June 30, 2025 9,822 $963,440 10.0%
AZN Dec. 31, 2025 12,184 $934,756 -6.7%
V June 30, 2026 2,928 $885,092 18.9%
CPA June 30, 2026 7,199 $817,878 -15.5%
SFM Dec. 31, 2025 6,429 $699,475 -16.8%
CAT June 30, 2025 2,050 $676,090 77.0%
IDXX June 30, 2026 1,180 $663,030 6.4%
COST June 30, 2026 652 $649,705 7.3%
COP June 30, 2026 4,720 $623,040 45.1%
SPY June 30, 2026 875 $569,029 No longer tracked
ADBE March 31, 2026 1,486 $520,085 8.5%
MRK June 30, 2025 5,781 $518,903 83.5%
ICLR March 31, 2026 2,841 $517,687 67.4%
CSCO June 30, 2026 6,666 $517,215 -9.3%
IJH Dec. 31, 2025 6,583 $429,607 10.6%
JAAA Dec. 31, 2025 8,092 $410,912
BR March 31, 2026 1,649 $368,007 12.8%
CINF Dec. 31, 2025 2,300 $363,630 7.9%
T Dec. 31, 2025 12,843 $362,686 -15.7%
DD June 30, 2026 7,562 $346,340 0.7%
SAP March 31, 2026 1,416 $343,961 39.1%
LECO Sept. 30, 2025 1,540 $319,273 8.5%
INTU March 31, 2026 467 $309,350 -20.6%
Q March 31, 2026 3,780 $308,637 -4.8%
RELX March 31, 2026 7,458 $301,452 22.3%
PGR March 31, 2026 1,275 $290,343 15.0%
GIS Dec. 31, 2025 5,517 $278,167 -26.0%
MAN Dec. 31, 2025 7,332 $277,883 59.9%
OMC Dec. 31, 2025 3,400 $277,202 2.4%
URI June 30, 2025 440 $275,748 45.9%
MIR June 30, 2026 14,833 $275,745 -17.4%
ZTS June 30, 2026 2,300 $271,883 12.8%
MET June 30, 2025 3,356 $269,453 22.9%
DUK June 30, 2026 2,025 $265,154 -1.3%
SPGI June 30, 2026 606 $257,756
FTNT Sept. 30, 2025 2,420 $255,842 114.1%
USB Dec. 31, 2025 5,221 $252,331 11.7%
TTE Dec. 31, 2025 4,200 $250,698 41.8%
RMD June 30, 2026 1,060 $237,949 29.8%
LNG Dec. 31, 2025 1,000 $234,980 53.6%
AZO Dec. 31, 2025 51 $218,802 -5.6%
NEM June 30, 2026 2,015 $218,124 16.6%
FIS June 30, 2026 4,498 $211,001 -3.5%
NOW Dec. 31, 2025 221 $203,382 3.8%
DOW Sept. 30, 2025 7,562 $200,242 42.2%