Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 -7.1%
S&P 500 total return (same window) +37.0%
Excess return -44.1%

Annualized: -5.7% · 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: 94.2% · Options excluded: 0.0%

Sector breakdown

04
Healthcare 22.7%
Financials 17.1%
Industrials 14.4%
Technology 13.7%
Consumer Discretionary 10.3%
Communication Services 6.3%
Consumer products 5.9%
Energy 2.3%
Retail 2.2%
Materials 1.3%
Other/Unmapped 3.8%

Full portfolio 47 positions

05
Type Streak 8Q trend
NVS Novartis AG Common Stock $24,633,093 8.22% 157,179 $-143,568 Down ×5
AZN AstraZeneca PLC - American Depositary Shares $23,997,359 8.01% 126,555 $-3,629,219 Down ×1
AAPL Apple Inc. - Common Stock $19,535,835 6.52% 67,514 $-52,171 Down ×6
GOOGL Alphabet Inc. - Class A Common Stock $18,112,226 6.05% 50,682 $-214,548 Down ×1
SONY Sony Group Corporation American Depositary Shares $17,437,957 5.82% 869,290 $-1,009,159 Down ×2
TM Toyota Motor Corporation Common Stock $16,650,001 5.56% 98,860 $-4,355,722 Down ×5
DB Deutsche Bank AG Common Stock $15,572,982 5.20% 461,285 $1,404,849 Down ×2
MA Mastercard Incorporated Common Stock $15,229,781 5.08% 29,653 $178,523 Down ×6
STN Stantec Inc Common Stock $12,295,405 4.10% 178,427 $-3,627,510 Down ×1
AXP American Express Company Common Stock $10,544,606 3.52% 31,174 $906,988 Down ×1
WAB Westinghouse Air Brake Technologies Corporation Common Stock $10,527,341 3.51% 39,048 $130,085 Down ×1
BKNG Booking Holdings Inc. - Common Stock $9,469,000 3.16% 53,125 $9,103,887 Up ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $9,424,345 3.15% 18,834 $205,495 Down ×5
LHX L3Harris Technologies, Inc. Common Stock $8,385,058 2.80% 28,855 $-1,794,895 Down ×1
AME AMETEK, Inc. $8,154,346 2.72% 33,704 $796,010 Down ×1
CBOE Cboe Global Markets, Inc. Common Stock $7,732,194 2.58% 31,863 $-1,370,258 Down ×1
TMO Thermo Fisher Scientific Inc Common Stock $7,145,383 2.39% 14,252 $-24,074 Down ×1
NXPI NXP Semiconductors N.V. - Common Stock $7,138,162 2.38% 25,400 $2,005,628 Down ×1
LNG Cheniere Energy, Inc. Common Stock $6,257,521 2.09% 26,181 $-1,319,155 Down ×1
AZO AutoZone, Inc. Common Stock $5,947,644 1.99% 1,861 $-476,894 Down ×1
MRK Merck & Company, Inc. Common Stock (new) $5,946,945 1.99% 46,280 $291,150 Down ×1
SYK Stryker Corporation Common Stock $5,598,485 1.87% 17,782 $-338,151 Down ×1
APTV Aptiv PLC Ordinary Shares $4,684,829 1.56% 76,325 $-681,286 Down ×1
NEM Newmont Corporation $3,813,335 1.27% 40,828 Up ×1
ROP Roper Technologies, Inc. - Common Stock $3,811,625 1.27% 11,264 $-260,596 Down ×1
LDOS Leidos Holdings, Inc. Common Stock $3,576,663 1.19% 34,735 $-1,916,770 Down ×1
ADBE Adobe Inc. - Common Stock $2,709,954 0.90% 13,218 $-568,223 Down ×1
NVDA NVIDIA Corporation - Common Stock $2,542,944 0.85% 12,709 $256,211 Down ×3
ACN Accenture plc Class A Ordinary Shares (Ireland) $2,320,930 0.77% 18,651 $-1,435,476 Down ×4
JPST JPMorgan Ultra-Short Income ETF $1,959,436 0.65% 38,747 $-86,119 Down ×2
ASML ASML Holding N.V. - New York Registry Shares $1,193,664 0.40% 600 $271,725 Down ×4
Unknown issuer (CUSIP: G9600F104) $1,067,726 0.36% 25,416 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $890,668 0.30% 1,865 $172,524 Down ×3
XOM Exxon Mobil Corporation Common Stock $701,510 0.23% 5,131 $-173,257 Down ×6
GOOG Alphabet Inc. - Class C Capital Stock $680,514 0.23% 1,926 $-266,411 Down ×6
MSFT Microsoft Corporation - Common Stock $603,919 0.20% 1,619 $4,614
AMZN Amazon.com, Inc. - Common Stock $558,669 0.19% 2,344 $70,484
AON Aon plc Class A Ordinary Shares (Ireland) $351,591 0.12% 1,060 $9,444
JPLD J.P. Morgan Exchange-Traded Fund Trust $317,994 0.11% 6,093 $0
HLN Haleon plc American Depositary Shares (Each representing two Ordinary Shares) $309,476 0.10% 33,170 $-22,556
JCPB JPMorgan Core Plus Bond ETF $286,991 0.10% 6,114 $-856
KMB Kimberly-Clark Corporation - Common Stock $257,960 0.09% 2,350 $25,467 Down ×6
AVGO Broadcom Inc. - Common Stock $254,981 0.09% 675 $7,373 Down ×1
RELX RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) $247,501 0.08% 7,815 $-11,566
COST Costco Wholesale Corporation - Common Stock $230,126 0.08% 246 $-64,817 Down ×1
MDT Medtronic plc. Ordinary Shares $227,336 0.08% 2,906 $-21,350 Up ×1
MNPR Monopar Therapeutics Inc. - Common Stock $215,457 0.07% 2,327 Up ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
NEM $3,813,335 40,828 1.27%
Unknown issuer (CUSIP: G9600F104) $1,067,726 25,416 0.36%
MNPR $215,457 2,327 0.07%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
TM Trimmed -3K -$4.4M
AZN Trimmed -14K -$3.6M
STN Trimmed -6K -$3.6M
NXPI Trimmed -672 +$2.0M
LDOS Trimmed -588 -$1.9M
LHX Trimmed -639 -$1.8M
ACN Trimmed -293 -$1.4M
DB Trimmed -14K +$1.4M
CBOE Trimmed -522 -$1.4M
LNG Trimmed -520 -$1.3M

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
ALC Dec. 31, 2025 255,626 $19,046,693 -11.0%
NICE Dec. 31, 2025 124,249 $17,988,770 7.2%
CHKP June 30, 2026 114,636 $16,375,753 21.0%
FUTU June 30, 2026 111,505 $15,249,424 5.8%
GD June 30, 2025 23,505 $6,406,993 19.8%
FANG June 30, 2025 26,597 $4,252,328 49.7%
META Dec. 31, 2025 661 $485,425 -2.6%
VRSK March 31, 2026 2,170 $485,407 3.2%
V March 31, 2026 1,120 $392,795 35.0%
AXON June 30, 2025 580 $305,051 -49.2%
ALLE March 31, 2026 1,841 $293,124 23.2%
SU Dec. 31, 2025 6,920 $289,325 78.9%
PLTR Dec. 31, 2025 1,540 $280,927 10.7%
TTE June 30, 2025 4,095 $264,906 51.1%
FDS Sept. 30, 2025 575 $257,186 15.6%
NVO March 31, 2026 4,484 $228,146 6.3%
CRH March 31, 2026 1,660 $207,168 -19.2%