Performance vs S&P 500

03
Tracked Q1 2025–Q2 2025 +11.3%
S&P 500 total return (same window) +12.6%
Excess return -1.4%

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: 98.1% · Options excluded: 0.0%

Sector breakdown

04
Technology 31.4%
Financials 20.2%
Retail 12.4%
Consumer Discretionary 12.2%
Health Care 11.4%
Materials 5.7%
Communication Services 3.3%
Industrials 1.0%
Other/Unmapped 2.5%

Full portfolio 51 positions

05
Type Streak 8Q trend
TSM Taiwan Semiconductor Manufacturing Company Ltd. $248,993,861 9.55% 1,099,359 $32,732,884 Down ×2
HDB HDFC Bank Limited Common Stock $217,661,690 8.35% 2,838,942 $26,802,722 Down ×2
RACE Ferrari N.V. Common Shares $182,625,089 7.00% 372,710 $15,900,754 Down ×1
MSFT Microsoft Corporation - Common Stock $165,562,421 6.35% 332,849 $64,273,940 Up ×2
NVDA NVIDIA Corporation - Common Stock $152,415,955 5.85% 964,719 $37,238,145 Down ×2
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $149,127,506 5.72% 1,314,941 $-39,440,955 Down ×2
LIN Linde plc - Ordinary Shares $147,482,510 5.66% 314,341 $-3,992,510 Down ×1
IBN ICICI Bank Limited Common Stock $137,187,170 5.26% 4,078,097 $5,543,053 Down ×2
MELI MercadoLibre, Inc. - Common Stock $95,175,336 3.65% 36,415 $22,265,472 Down ×2
MA Mastercard Incorporated Common Stock $88,437,556 3.39% 157,379 $-9,279 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $85,666,416 3.29% 116,065 $17,264,588 Down ×1
VEEV Veeva Systems Inc. Class A Common Stock $68,993,961 2.65% 239,579 $11,527,022 Down ×1
AAPL Apple Inc. - Common Stock $68,639,624 2.63% 334,550 $-7,336,833 Down ×1
MTD Mettler-Toledo International, Inc. Common Stock $64,129,139 2.46% 54,591 $-4,354,194 Down ×1
CDNS Cadence Design Systems, Inc. - Common Stock $62,541,200 2.40% 202,957 $6,901,171 Down ×1
ADSK Autodesk, Inc. - Common Stock $56,540,484 2.17% 182,642 $-5,334,637 Down ×1
V Visa Inc. $54,468,576 2.09% 153,411 $6,775,526 Up ×1
KSA iShares Trust $53,789,469 2.06% 1,395,679 $20,922,204 Up ×2
ZTS Zoetis Inc. Class A Common Stock $48,636,438 1.87% 311,872 $-1,262,885 Up ×2
IDXX IDEXX Laboratories, Inc. - Common Stock $44,116,111 1.69% 82,254 $10,849,772 Up ×2
AMZN Amazon.com, Inc. - Common Stock $42,870,122 1.64% 195,406 $5,401,839 Down ×2
JD JD.com, Inc. - American Depositary Shares $36,526,847 1.40% 1,119,082 $-21,941,989 Down ×2
DECK Deckers Outdoor Corporation Common Stock $35,854,136 1.37% 347,862 $-3,973,816 Down ×1
RMD ResMed Inc. Common Stock $35,121,798 1.35% 136,131 $3,573,722 Down ×1
MMYT MakeMyTrip Limited - Ordinary Shares $33,183,505 1.27% 338,538 $-1,064,905 Down ×2
CMG Chipotle Mexican Grill, Inc. Common Stock $32,866,953 1.26% 585,342 $2,769,071 Down ×1
TCOM Trip.com Group Limited - American Depositary Shares $32,579,100 1.25% 555,578 $-30,141,852 Down ×2
INTR Inter & Co. Inc. - Class A Common Shares $28,040,449 1.08% 3,773,950 Up ×1
LLY Eli Lilly and Company Common Stock $26,928,084 1.03% 34,544 $-1,848,272 Down ×2
EPAM EPAM Systems, Inc. Common Stock $21,970,682 0.84% 124,255 $449,723 Down ×2
CRH CRH PLC Ordinary Shares $16,852,255 0.65% 182,500 $-3,260,777 Down ×2
SNPS Synopsys, Inc. - Common Stock $14,247,377 0.55% 27,790 $2,209,557 Down ×2
GLOB Globant S.A. Common Shares $13,160,945 0.50% 144,881 $-21,667,791 Down ×2
ANSS CUSIP: 03662Q105 $9,475,915 0.36% 26,980 $884,477 Down ×2
AMAT Applied Materials, Inc. - Common Stock $8,550,834 0.33% 46,708 $1,733,967 Down ×1
DXCM DexCom, Inc. - Common Stock $8,250,913 0.32% 94,523 $1,758,514 Down ×2
CPRT Copart, Inc. - Common Stock $7,579,793 0.29% 154,469 $-1,212,312 Down ×2
INFY Infosys Limited American Depositary Shares $6,370,003 0.24% 343,767 $-8,793,612 Down ×2
EWY iShares MSCI South Korea ETF $1,158,027 0.04% 16,133 $24,214 Down ×1
FLSA Franklin Templeton ETF Trust $525,504 0.02% 15,985 $200,109 Up ×2
ISRG Intuitive Surgical, Inc. - Common Stock $473,854 0.02% 872 $-1,013,442 Down ×2
IEMG iShares, Inc. $364,982 0.01% 6,080 $-285,950 Down ×2
VMI Valmont Industries, Inc. Common Stock $340,613 0.01% 1,043 $-681,297 Down ×2
ECL Ecolab Inc. Common Stock $317,400 0.01% 1,178 $-877,947 Down ×2
XYL Xylem Inc. Common Stock New $309,817 0.01% 2,395 $-780,495 Down ×2
RVTY Revvity, Inc. Common Stock $288,516 0.01% 2,983 $-821,749 Down ×2
TYL Tyler Technologies, Inc. Common Stock $273,892 0.01% 462 $-703,424 Down ×2
DE Deere & Company Common Stock $257,804 0.01% 507 $-571,538 Down ×2
ULS UL Solutions Inc. Class A Common Stock $253,116 0.01% 3,474 Up ×1
LRN Stride, Inc. Common Stock $238,983 0.01% 1,646 $-484,850 Down ×2
VRRM Verra Mobility Corporation - Class A Common Stock $200,886 0.01% 7,912 $-409,631 Down ×2

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
INTR $28,040,449 3,773,950 1.08%
ULS $253,116 3,474 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
MSFT Bought more +63K +$64.3M
BABA Trimmed -111K -$39.4M
NVDA Trimmed -98K +$37.2M
TSM Trimmed -203K +$32.7M
TCOM Trimmed -431K -$30.1M
HDB Trimmed -34K +$26.8M
MELI Trimmed -958 +$22.3M
JD Trimmed -303K -$21.9M
GLOB Trimmed -151K -$21.7M
KSA Bought more +601K +$20.9M

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
LULU June 30, 2025 93,832 $26,560,086 -60.8%
CSAN June 30, 2025 1,439,121 $7,512,211 No longer tracked
PLNT June 30, 2025 5,277 $509,811 -61.4%
ILMN June 30, 2025 5,743 $455,649 207.8%
EXPO June 30, 2025 5,550 $449,883 -8.0%
ERII June 30, 2025 17,012 $270,321 -46.6%
COUR June 30, 2025 31,689 $211,049 -40.9%