Performance vs S&P 500

03
Tracked Q3 2025–Q2 2026 +5.5%
S&P 500 total return (same window) +13.0%
Excess return -7.5%

Annualized: +7.4% · S&P 500: +17.7%

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: 91.1% · Options excluded: 0.0%

Sector breakdown

04
Technology 33.7%
Retail 23.6%
Health Care 8.0%
Financials 6.3%
Industrials 6.2%
Consumer Discretionary 4.7%
Utilities 3.3%
Consumer Staples 1.2%
Energy 1.0%
Other/Unmapped 11.9%

Full portfolio 37 positions

05
Type Streak 8Q trend
LRCX Lam Research Corporation - Common Stock $24,007,641 12.07% 55,403 $10,459,110 Down ×4
NVDA NVIDIA Corporation - Common Stock $17,934,667 9.02% 89,633 $2,053,977 Down ×4
JPM JP Morgan Chase & Co. Common Stock $10,425,788 5.24% 31,851 $1,095,621 Up ×1
AAPL Apple Inc. - Common Stock $10,265,058 5.16% 35,475 $1,150,186 Down ×2
ORLY O'Reilly Automotive, Inc. - Common Stock $10,242,802 5.15% 111,226 $-94,903 Down ×2
COST Costco Wholesale Corporation - Common Stock $9,778,468 4.92% 10,453 $-772,729 Down ×4
TSLA Tesla, Inc. - Common Stock $9,368,444 4.71% 22,274 $1,629,724 Up ×1
JNJ Johnson & Johnson Common Stock $9,367,825 4.71% 36,886 $1,235,676 Up ×1
TJX TJX Companies, Inc. (The) Common Stock $8,519,603 4.28% 56,235 $-635,359 Down ×2
DKS Dick's Sporting Goods Inc Common Stock $8,397,187 4.22% 37,023 $1,017,825 Down ×2
PLTR Palantir Technologies Inc. - Class A Common Stock $8,243,552 4.14% 70,657 $-2,256,573 Down ×4
GLD SPDR Gold Shares $6,768,246 3.40% 18,373 $-1,228,263 Down ×4
MSFT Microsoft Corporation - Common Stock $6,537,476 3.29% 17,526 $-142,526 Down ×2
VST Vistra Corp. Common Stock $6,484,160 3.26% 40,876 $1,165,334 Up ×1
VRT Vertiv Holdings, LLC Class A Common Stock $6,460,017 3.25% 19,295 Up ×1
IVLU iShares Trust $5,734,149 2.88% 137,115 $1,428,631 Up ×2
ISRG Intuitive Surgical, Inc. - Common Stock $4,820,279 2.42% 12,121 $-2,900,382 Down ×2
HD Home Depot, Inc. (The) Common Stock $4,767,695 2.40% 13,518 $-895,591 Down ×1
AXON Axon Enterprise, Inc. - Common Stock $4,307,167 2.17% 7,683 $860,383 Down ×1
SFM Sprouts Farmers Market, Inc. - Common Stock $4,294,380 2.16% 50,773 $1,318,165 Up ×2
SCHA SCHWAB STRATEGIC TRUST $3,507,247 1.76% 97,078 Up ×1
SPY SPY $2,353,819 1.18% 3,152 $248,018 Down ×2
SUB iShares Trust $2,149,097 1.08% 20,185 $-207,322 Down ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $1,912,491 0.96% 3,822 $53,195 Down ×1
MCK McKesson Corporation Common Stock $1,821,752 0.92% 2,411 $-219,632 Up ×4
CAT Caterpillar, Inc. Common Stock $1,650,595 0.83% 1,550 $371,116 Down ×1
WMB Williams Companies, Inc. (The) Common Stock $1,429,930 0.72% 19,235 $292,888 Up ×4
PM Philip Morris International Inc Common Stock $1,399,339 0.70% 7,735 $71,659 Down ×1
JPST J.P. Morgan Exchange-Traded Fund Trust $1,305,667 0.66% 25,819 $-59,740 Down ×2
FLRN SPDR SERIES TRUST $1,221,444 0.61% 39,593 $-30 Down ×2
WSM Williams-Sonoma, Inc. Common Stock (DE) $973,892 0.49% 4,178 $212,117
CALM Cal-Maine Foods, Inc. - Common Stock $713,439 0.36% 8,856 $10,112 Down ×1
CVX Chevron Corporation Common Stock $596,239 0.30% 3,597 $-147,980
KO Coca-Cola Company (The) Common Stock $325,080 0.16% 4,000 $20,880
DFAC Dimensional ETF Trust $321,610 0.16% 7,250 $39,875
FRDM EA Series Trust $264,190 0.13% 3,624 Up ×1
USB U.S. Bancorp Common Stock $214,722 0.11% 3,555 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
MCK $1,821,752 0.92% up ×4
WMB $1,429,930 0.72% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
VRT $6,460,017 19,295 3.25%
SCHA $3,507,247 97,078 1.76%
FRDM $264,190 3,624 0.13%
USB $214,722 3,555 0.11%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
LRCX Trimmed -8K +$10.5M
ISRG Trimmed -5K -$2.9M
PLTR Trimmed -1K -$2.3M
NVDA Trimmed -1K +$2.1M
TSLA Bought more +1K +$1.6M
IVLU Bought more +29K +$1.4M
SFM Bought more +12K +$1.3M
JNJ Bought more +4K +$1.2M
GLD Trimmed -211 -$1.2M
VST Bought more +5K +$1.2M

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
ACN Sept. 30, 2025 20,199 $6,302,896 -19.3%
TSCO June 30, 2026 118,659 $5,375,253 -1.6%
CPRT March 31, 2026 127,747 $5,001,295 -18.0%
ZTS June 30, 2026 5,835 $689,715 -3.0%
BMY Sept. 30, 2025 7,137 $435,286 35.6%
SCHO March 31, 2026 13,296 $324,024 -1.6%
PEP June 30, 2026 1,360 $211,194 -7.0%