Performance vs S&P 500

03
Tracked Q4 2025–Q2 2026 -1.2%
S&P 500 total return (same window) +8.7%
Excess return -9.9%

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: 100.0% · Options excluded: 0.0%

Sector breakdown

04
Financials 45.5%
Retail 21.0%
Communication Services 19.9%
Health Care 7.1%
Technology 6.2%
Industrials 0.3%

Full portfolio 19 positions

05
Type Streak 8Q trend
GOOGL Alphabet Inc. - Class A Common Stock $184,535,862 11.20% 516,372 $32,597,210 Down ×2
V Visa Inc. $169,795,927 10.30% 494,902 $20,216,747
MA Mastercard Incorporated Common Stock $169,549,118 10.29% 330,119 $4,601,858
BAC Bank of America Corporation Common Stock $161,911,348 9.82% 2,841,547 $23,385,932
AMZN Amazon.com, Inc. - Common Stock $147,876,146 8.97% 620,442 $18,656,691
AXP American Express Company Common Stock $136,081,019 8.26% 402,309 $14,390,593
META Meta Platforms, Inc. - Class A Common Stock $125,545,512 7.62% 222,879 $-1,970,250
HD Home Depot, Inc. (The) Common Stock $115,650,826 7.02% 327,920 $7,801,217
MSFT Microsoft Corporation - Common Stock $101,994,486 6.19% 273,429 $779,273
UNH UnitedHealth Group Incorporated Common Stock (DE) $100,742,062 6.11% 242,384 $16,214,075 Down ×1
LOW Lowe's Companies, Inc. Common Stock $63,751,376 3.87% 289,135 $-4,565,442
BX Blackstone Inc. Common Stock $40,625,685 2.46% 345,251 $925,273
KKR KKR & Co. Inc. Common Stock $36,922,084 2.24% 402,289 $-289,649
USB U.S. Bancorp Common Stock $32,962,454 2.00% 545,736 $4,578,725
DKS Dick's Sporting Goods Inc Common Stock $18,503,387 1.12% 81,581 $-52,789 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $18,130,776 1.10% 51,314 $-31,478 Down ×2
CVS CVS Health Corporation Common Stock $16,640,243 1.01% 160,853 $-9,276,219 Down ×1
RBA RB Global, Inc. Common Stock $5,571,783 0.34% 47,847 $985,648
ICE Intercontinental Exchange Inc. Common Stock $1,376,739 0.08% 11,183 $-382,123

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
GOOGL Trimmed -12K +$32.6M
BAC Price move only +0 +$23.4M
V Price move only +0 +$20.2M
AMZN Price move only +0 +$18.7M
UNH Trimmed -70K +$16.2M
AXP Price move only +0 +$14.4M
CVS Trimmed -200K -$9.3M
HD Price move only +0 +$7.8M
MA Price move only +0 +$4.6M
USB Price move only +0 +$4.6M

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
HCA March 31, 2026 27,304 $12,747,145 -0.9%