Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +38.1%
S&P 500 total return (same window) +37.0%
Excess return +1.1%

Annualized: +29.5% · 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: 99.8% · Options excluded: 0.0%

Sector breakdown

04
Technology 36.4%
Industrials 20.7%
Financials 11.0%
Communication Services 9.6%
Retail 8.5%
Healthcare 5.3%
Consumer Discretionary 4.7%
Materials 1.6%
Consumer Staples 1.0%
Utilities 0.8%
Real Estate 0.4%

Full portfolio 69 positions

05
Type Streak 8Q trend
TSM Taiwan Semiconductor Manufacturing Company Ltd. $257,426,945 6.72% 539,035 $51,732,326 Down ×4
NVDA NVIDIA Corporation - Common Stock $241,738,533 6.31% 1,208,149 $15,021,498 Down ×1
GE GE Aerospace Common Stock $208,895,636 5.45% 558,948 $49,025,010 Down ×4
AMZN Amazon.com, Inc. - Common Stock $201,238,566 5.25% 844,334 $16,511,823 Down ×1
AAPL Apple Inc. - Common Stock $186,307,619 4.86% 643,861 $4,692,957 Down ×1
GEV GE Vernova Inc. Common Stock $183,981,901 4.80% 156,599 $-61,339,661 Down ×4
MU Micron Technology, Inc. - Common Stock $175,471,703 4.58% 152,017 $164,637,174 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $173,504,564 4.53% 485,504 $25,707,638 Down ×1
ASML ASML Holding N.V. - New York Registry Shares $172,735,117 4.51% 86,826 $52,579,212 Down ×1
GS Goldman Sachs Group, Inc. (The) Common Stock $140,845,409 3.68% 139,262 $23,229,111 Up ×1
MSFT Microsoft Corporation - Common Stock $121,033,053 3.16% 324,468 $-21,800,003 Down ×4
META Meta Platforms, Inc. - Class A Common Stock $118,148,951 3.08% 209,748 $-17,399,516 Down ×5
BA Boeing Company (The) Common Stock $113,378,327 2.96% 523,760 $12,919,925 Up ×1
LLY Eli Lilly and Company Common Stock $109,661,486 2.86% 91,428
C Citigroup, Inc. Common Stock $106,304,938 2.77% 759,538 $13,964,134 Down ×2
COST Costco Wholesale Corporation - Common Stock $87,651,668 2.29% 93,698 $-34,759,757 Down ×4
VIK Viking Holdings Ltd Ordinary Shares $85,504,295 2.23% 816,894 $58,060,544 Up ×1
V Visa Inc. $57,879,626 1.51% 168,701 $6,817,387 Down ×1
RVMD Revolution Medicines, Inc. - Common Stock $41,100,469 1.07% 219,460 $19,757,984
MKSI MKS Inc. - Common Stock $39,210,899 1.02% 88,154 Up ×1
CCEP Coca-Cola Europacific Partners plc - Ordinary Shares $38,182,309 1.00% 381,556 $3,586,626
TEVA Teva Pharmaceutical Industries Limited American Depositary Shares $36,894,676 0.96% 1,088,981 $14,733,525 Up ×2
AIR AAR Corp. Common Stock $36,301,504 0.95% 253,981 $16,548,571 Up ×1
APH Amphenol Corporation Common Stock $35,049,066 0.91% 198,781 $9,933,087
TLN Talen Energy Corporation - Common Stock $31,582,714 0.82% 82,191
VSEC VSE Corporation - Common Stock $31,260,399 0.82% 136,807 $8,396,274 Up ×2
HEI Heico Corporation Common Stock $30,988,174 0.81% 86,999 $10,856,684 Up ×1
SHW Sherwin-Williams Company (The) Common Stock $30,431,690 0.79% 88,382 $2,048,590 Down ×1
TKO TKO Group Holdings, Inc. Class A Common Stock $29,899,366 0.78% 148,524 $4,095,022 Up ×3
DDOG Datadog, Inc. - Class A Common Stock $29,390,478 0.77% 112,884 Up ×1
UAL United Airlines Holdings, Inc. - Common Stock $29,265,728 0.76% 215,205 $13,365,976 Up ×1
SAP SAP SE ADS $28,704,683 0.75% 186,261 $7,251,728 Up ×2
AME AMETEK, Inc. $27,844,633 0.73% 115,089 $4,572,425 Up ×2
EVR Evercore Inc. Class A Common Stock $27,287,543 0.71% 79,919 $12,111,593 Up ×1
URI United Rentals, Inc. Common Stock $27,095,330 0.71% 23,917 $16,899,861 Up ×1
KLAC KLA Corporation - Common Stock $26,948,435 0.70% 89,319 $-22,481,841 Up ×1
YUM Yum! Brands, Inc. $26,264,199 0.69% 164,295
LRCX Lam Research Corporation - Common Stock $25,654,869 0.67% 59,204 $12,949,150 Down ×1
U Unity Software Inc. Common Stock $25,019,789 0.65% 875,430 $15,339,071 Up ×1
ORLY O'Reilly Automotive, Inc. - Common Stock $24,799,929 0.65% 269,301 $12,232,846 Up ×1
SOLS Solstice Advanced Materials Inc. - Common Stock $23,302,243 0.61% 263,005 Up ×1
ARES Ares Management Corporation Class A Common Stock $23,132,110 0.60% 207,817 Up ×1
CTAS Cintas Corporation - Common Stock $23,070,672 0.60% 135,646 $9,550,974 Up ×1
AXON Axon Enterprise, Inc. - Common Stock $22,077,943 0.58% 39,382 Up ×1
SPOT Spotify Technology S.A. Ordinary Shares $20,837,615 0.54% 45,385 $17,743,889 Up ×1
AJG Arthur J. Gallagher & Co. Common Stock $18,801,553 0.49% 81,899
JCI Johnson Controls International plc Ordinary Share $18,368,219 0.48% 125,715 $-74,279,037 Down ×1
JPM JP Morgan Chase & Co. Common Stock $17,674,183 0.46% 53,995 $-28,436,279 Down ×2
H Hyatt Hotels Corporation Class A Common Stock $17,027,293 0.44% 87,842 Up ×1
DASH DoorDash, Inc. - Common Stock $16,636,302 0.43% 90,155 $-2,721,637 Down ×1
MTSI MACOM Technology Solutions Holdings, Inc. - Common Stock $16,632,059 0.43% 43,726 $6,921,826
NBIS Nebius Group N.V. - Class A Ordinary Shares $16,424,658 0.43% 59,473 $-948,294 Down ×1
LITE Lumentum Holdings Inc. - Common Stock $16,223,340 0.42% 18,907 $2,936,257
MA Mastercard Incorporated Common Stock $15,878,971 0.41% 30,917 $430,983
CBRE CBRE Group Inc Common Stock Class A $14,329,669 0.37% 106,390 $-81,920
INSM Insmed Incorporated - Common Stock $13,810,595 0.36% 129,531 Up ×1
FIVE Five Below, Inc. - Common Stock $13,048,799 0.34% 72,578 $5,244,379 Up ×1
EWBC East West Bancorp, Inc. - Common Stock $12,352,880 0.32% 95,692 Up ×1
GOLF Acushnet Holdings Corp. Common Stock $11,890,811 0.31% 100,319 $2,512,991
AVGO Broadcom Inc. - Common Stock $9,169,126 0.24% 24,273 $-4,055,308 Down ×2
LIN Linde plc - Ordinary Shares $8,870,241 0.23% 17,093 $1,892,915 Up ×2
IMAX Imax Corporation Common Stock $8,749,390 0.23% 219,503 $-5,974,430 Down ×2
ARM Arm Holdings plc - American Depositary Shares $8,672,782 0.23% 24,460 $3,703,234 Down ×1
TSLA Tesla, Inc. - Common Stock $8,175,623 0.21% 19,438
YOU Clear Secure, Inc. Class A Common Stock $8,092,776 0.21% 145,214 $-10,546,284 Down ×1
AMD Advanced Micro Devices, Inc. - Common Stock $7,831,248 0.20% 13,481 Up ×1
MCD McDonald's Corporation Common Stock $7,678,426 0.20% 28,406 $-11,583,717 Down ×1
RACE Ferrari N.V. Common Shares $6,009,505 0.16% 16,142
WSO Watsco, Inc. Common Stock $6,007,163 0.16% 14,415 $763,130

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
TKO $29,899,366 0.78% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
LLY $109,661,486 91,428 2.86%
MKSI $39,210,899 88,154 1.02%
TLN $31,582,714 82,191 0.82%
DDOG $29,390,478 112,884 0.77%
YUM $26,264,199 164,295 0.69%
SOLS $23,302,243 263,005 0.61%
ARES $23,132,110 207,817 0.60%
AXON $22,077,943 39,382 0.58%
AJG $18,801,553 81,899 0.49%
H $17,027,293 87,842 0.44%
INSM $13,810,595 129,531 0.36%
EWBC $12,352,880 95,692 0.32%
TSLA $8,175,623 19,438 0.21%
AMD $7,831,248 13,481 0.20%
RACE $6,009,505 16,142 0.16%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
GEV Trimmed -124K -$61.3M
VIK Bought more +443K +$58.1M
ASML Trimmed -4K +$52.6M
TSM Trimmed -70K +$51.7M
GE Trimmed -4K +$49.0M
COST Trimmed -29K -$34.8M
JPM Trimmed -103K -$28.4M
GOOGL Trimmed -28K +$25.7M
GS Bought more +234 +$23.2M
KLAC Bought more +56K -$22.5M

2 positions 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
NFLX June 30, 2026 1,538,562 $147,932,736 -7.8%
APP March 31, 2026 175,938 $118,550,543 -34.6%
SNPS Sept. 30, 2025 199,237 $102,144,825 -12.8%
TSLA March 31, 2026 209,449 $94,193,404 0.1%
PGR Sept. 30, 2025 317,827 $84,815,313 -7.6%
NOW Sept. 30, 2025 82,267 $84,577,057
KO June 30, 2026 1,005,142 $76,441,049 14.1%
HON June 30, 2026 331,577 $74,946,349 -1.2%
UNH Sept. 30, 2025 221,294 $69,037,089 21.1%
ISRG March 31, 2026 114,937 $65,095,719 -1.9%
BKNG Dec. 31, 2025 10,824 $58,441,698
HOOD Dec. 31, 2025 338,773 $48,505,518 -15.9%
SBUX June 30, 2025 347,382 $34,074,700 10.0%
BRK-B (filed as BRKB) June 30, 2025 61,984 $33,011,439 No longer tracked
NBIS Dec. 31, 2025 246,679 $27,694,651 89.6%
MRVL Sept. 30, 2025 285,497 $22,097,468 171.8%
VIK Dec. 31, 2025 339,205 $21,084,983 15.2%
CRWV Dec. 31, 2025 146,415 $20,036,893 -24.3%
CHRW June 30, 2026 113,211 $18,800,951 -25.0%
RACE Dec. 31, 2025 37,826 $18,353,932 6.4%
TLN Dec. 31, 2025 42,928 $18,260,713 -12.5%
CRWD Sept. 30, 2025 35,267 $17,961,836
ROL June 30, 2026 298,075 $15,920,186 -16.6%
CMG June 30, 2026 491,976 $15,748,152 -19.1%
SHOP June 30, 2025 162,557 $15,520,942 46.2%
RBLX March 31, 2026 188,150 $15,245,794 -6.5%
BURL June 30, 2026 44,242 $14,395,462 -21.8%
SFM Sept. 30, 2025 86,138 $14,181,760 -39.1%
ALHC June 30, 2026 779,767 $13,739,495 -66.1%
LEU March 31, 2026 55,057 $13,365,637 -41.0%
ORCL Dec. 31, 2025 46,258 $13,009,600 -35.3%
MLM March 31, 2026 19,533 $12,162,418 -13.8%
NTRA June 30, 2025 80,180 $11,338,254 139.1%
KKR Dec. 31, 2025 86,975 $11,302,401 -28.3%
FERG March 31, 2026 49,487 $11,017,291 -2.7%
TXRH June 30, 2026 66,462 $10,975,535 -14.3%
ARM Dec. 31, 2025 74,378 $10,523,743 92.4%
SE Dec. 31, 2025 56,713 $10,136,314 -41.5%
DIS March 31, 2026 88,607 $10,080,818 16.7%
PLTR March 31, 2026 56,222 $9,993,460 34.5%
UBER Dec. 31, 2025 99,630 $9,760,751 -18.4%
CART Sept. 30, 2025 211,226 $9,555,864 53.5%
NVR June 30, 2025 1,298 $9,403,218 -19.0%
CELH Dec. 31, 2025 162,907 $9,365,523 -37.8%
LLY March 31, 2026 8,685 $9,333,596 38.5%
ULTA March 31, 2026 14,862 $8,991,659 19.5%
MCO March 31, 2026 17,177 $8,774,870 10.8%
IHG June 30, 2025 70,286 $7,702,643 40.8%
TTWO March 31, 2026 29,582 $7,573,879 3.1%
YUM Sept. 30, 2025 47,756 $7,076,484 -1.5%
SHOP March 31, 2026 42,818 $6,892,413 42.2%
AJG Sept. 30, 2025 21,347 $6,833,602 -13.5%
LYFT Dec. 31, 2025 296,849 $6,533,646 -12.5%
DAL June 30, 2025 145,680 $6,351,648 56.1%
MSCI Sept. 30, 2025 10,594 $6,109,984 8.5%
WIX Dec. 31, 2025 33,441 $5,940,125 -21.1%
ONON June 30, 2025 133,327 $5,855,722 -37.5%
TTAN March 31, 2026 54,979 $5,855,263 37.2%
SNAP March 31, 2026 696,442 $5,620,287 37.8%
RYAAY June 30, 2026 97,164 $5,616,079 -18.9%
DHR Sept. 30, 2025 25,306 $4,998,947 16.3%
ECG March 31, 2026 53,142 $4,546,830 -19.6%
CAVA June 30, 2025 45,951 $3,970,626 -36.5%
TYL Sept. 30, 2025 6,516 $3,862,945 -25.4%
SONY March 31, 2026 144,018 $3,686,861 26.0%
OWL June 30, 2025 152,777 $3,061,651 -51.3%
RYAN March 31, 2026 58,302 $3,010,132 29.5%
AXP March 31, 2026 7,652 $2,830,857 3.6%
CEG Sept. 30, 2025 3,994 $1,289,103 -23.0%
WCN Sept. 30, 2025 4,091 $763,872 6.1%
WMT June 30, 2026 1,899 $236,008 5.9%