Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +25.3%
S&P 500 total return (same window) +37.0%
Excess return -11.7%

Annualized: +19.8% · 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: 94.8% · Options excluded: 0.0%

Sector breakdown

04
Technology 19.7%
Healthcare 10.7%
Industrials 9.0%
Financials 7.8%
Communication Services 6.9%
Retail 5.2%
Consumer products 3.9%
Energy 2.5%
Utilities 1.9%
Materials 1.8%
Consumer Staples 1.7%
Consumer Discretionary 1.1%
Real Estate 0.5%
Other/Unmapped 27.4%

Full portfolio 155 positions

05
Type Streak 8Q trend
VOO VANGUARD INDEX FUNDS $12,912,715 5.38% 18,801 $3,066,286 Up ×5
AAPL Apple Inc. - Common Stock $12,806,267 5.33% 44,257 $1,113,600 Down ×1
NVDA NVIDIA Corporation - Common Stock $10,875,292 4.53% 54,352 $978,441 Down ×4
MSFT Microsoft Corporation - Common Stock $9,662,570 4.02% 25,903 $165,628 Up ×1
SCHB SCHWAB STRATEGIC TRUST $9,347,940 3.89% 322,788 $1,228,015 Down ×2
GOOGL Alphabet Inc. - Class A Common Stock $8,809,528 3.67% 24,651 $1,629,730 Down ×1
PG Procter & Gamble Company (The) Common Stock $7,590,481 3.16% 51,762 $21,003 Down ×4
VTI VANGUARD INDEX FUNDS $6,932,699 2.89% 18,735 $1,377,874 Up ×1
MRK Merck & Company, Inc. Common Stock (new) $5,447,244 2.27% 42,391 $359,338 Up ×1
JNJ Johnson & Johnson Common Stock $5,443,085 2.27% 21,432 $238,224 Up ×1
VGT VANGUARD WORLD FUND $4,174,116 1.74% 34,924 $1,147,407 Up ×6
IWB iShares Trust $4,146,188 1.73% 10,125 $625,158 Up ×6
AMZN Amazon.com, Inc. - Common Stock $4,018,889 1.67% 16,862 $525,785 Up ×1
JPM JP Morgan Chase & Co. Common Stock $3,722,983 1.55% 11,373 $372,857 Down ×6
SPY SPY $3,394,070 1.41% 4,545 $48,071 Down ×3
ABBV AbbVie Inc. Common Stock $3,376,254 1.41% 13,417 $403,818 Down ×2
HD Home Depot, Inc. (The) Common Stock $3,200,924 1.33% 9,076 $143,891 Down ×6
RTX RTX Corporation Common Stock $3,079,318 1.28% 16,230 $-40,840 Up ×1
SCHD SCHWAB STRATEGIC TRUST $2,978,489 1.24% 93,929 $6,241 Down ×1
XOM Exxon Mobil Corporation Common Stock $2,876,042 1.20% 21,036 $-712,437 Down ×2
VB VANGUARD INDEX FUNDS $2,847,812 1.19% 9,395 $458,054 Up ×2
MA Mastercard Incorporated Common Stock $2,767,277 1.15% 5,388 $126,074 Up ×1
AVGO Broadcom Inc. - Common Stock $2,753,798 1.15% 7,290 $509,850 Up ×6
ADP Automatic Data Processing, Inc. - Common Stock $2,710,691 1.13% 12,104 $380,420 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $2,672,811 1.11% 4,745 $-21,921 Up ×3
SPYG SPDR SERIES TRUST $2,622,540 1.09% 22,040 $442,574 Down ×2
EMR Emerson Electric Company Common Stock $2,485,800 1.04% 17,365 $216,927 Up ×1
LLY Eli Lilly and Company Common Stock $2,396,461 1.00% 1,998 $480,580 Down ×4
ASML ASML Holding N.V. - New York Registry Shares $2,329,634 0.97% 1,171 $755,205 Down ×2
CINF Cincinnati Financial Corporation - Common Stock $2,312,028 0.96% 12,488 $299,836 Down ×2
PEP PepsiCo, Inc. - Common Stock $2,304,102 0.96% 17,017 $-328,374 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $2,231,239 0.93% 4,459 $78,193 Down ×1
RPM RPM International Inc. Common Stock $2,212,107 0.92% 19,902 $179,178 Down ×2
CVX Chevron Corporation Common Stock $2,182,893 0.91% 13,169 $-509,497 Up ×1
NEE NextEra Energy, Inc. Common Stock $2,075,585 0.86% 23,648 $-110,903 Up ×1
VO VANGUARD INDEX FUNDS $2,021,985 0.84% 25,096 $337,100 Up ×2
SYK Stryker Corporation Common Stock $1,985,066 0.83% 6,305 $-111,338 Down ×1
WM Waste Management, Inc. Common Stock $1,983,632 0.83% 8,900 $-74,137 Down ×3
ABT Abbott Laboratories Common Stock $1,970,964 0.82% 21,721 $-270,733 Down ×3
TXN Texas Instruments Incorporated - Common Stock $1,961,301 0.82% 6,580 $663,475 Down ×1
COST Costco Wholesale Corporation - Common Stock $1,827,908 0.76% 1,954 $-142,034 Down ×3
INTC Intel Corporation - Common Stock $1,586,616 0.66% 11,363 $1,085,167
V Visa Inc. $1,484,894 0.62% 4,328 $185,866 Up ×1
ANET Arista Networks, Inc. Common Stock $1,414,251 0.59% 8,325 $333,787 Down ×1
SO Southern Company (The) Common Stock $1,291,894 0.54% 13,498 $-10,933
GOOG Alphabet Inc. - Class C Capital Stock $1,250,435 0.52% 3,539 $195,077 Down ×4
GVI iShares Trust $1,212,135 0.50% 11,425 $-6,684
MRVL Marvell Technology, Inc. - Common Stock $1,210,327 0.50% 4,063 $818,089 Up ×3
WMT Walmart Inc. - Common Stock $1,149,261 0.48% 10,147 $-95,665 Up ×1
SCHX SCHWAB STRATEGIC TRUST $1,116,662 0.47% 37,943 $179,058 Up ×3
CB Chubb Limited Common Stock $1,070,264 0.45% 3,141 $43,584 Down ×4
GNRC Generac Holdlings Inc. Common Stock $1,045,039 0.44% 3,569 $369,588 Up ×1
TSLA Tesla, Inc. - Common Stock $1,036,779 0.43% 2,465 $74,318 Down ×1
GE GE Aerospace Common Stock $1,029,626 0.43% 2,755 $257,772 Up ×1
CSCO Cisco Systems, Inc. - Common Stock $1,028,127 0.43% 8,753 $351,542 Up ×1
KO Coca-Cola Company (The) Common Stock $1,027,552 0.43% 12,643 $31,397 Down ×4
APD Air Products and Chemicals, Inc. Common Stock $996,519 0.42% 3,399 $19,311 Up ×2
IBM International Business Machines Corporation Common Stock $992,671 0.41% 3,530 $140,670 Up ×2
SNX TD SYNNEX Corporation Common Stock $944,512 0.39% 3,533 $479,210 Up ×2
MMM 3M Company Common Stock $935,678 0.39% 5,779 $105,108 Up ×1
BIL SPDR SERIES TRUST $862,158 0.36% 9,408 $22,094 Up ×1
AMGN Amgen Inc. - Common Stock $831,065 0.35% 2,295 $23,569
GEV GE Vernova Inc. Common Stock $829,451 0.35% 706 $213,184
VCSH Vanguard Short-Term Corporate Bond ETF $827,839 0.34% 10,475 $42,670 Up ×2
VZ Verizon Communications Inc. Common Stock $810,642 0.34% 19,146 $-150,487
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF $790,691 0.33% 14,871 $-64,608 Down ×1
SCHG SCHWAB STRATEGIC TRUST $774,327 0.32% 22,882 $107,774
HPE Hewlett Packard Enterprise Company Common Stock $771,832 0.32% 17,110 $504,684 Up ×1
CL Colgate-Palmolive Company Common Stock $769,837 0.32% 8,397 $49,473 Down ×4
USB U.S. Bancorp Common Stock $769,436 0.32% 12,739 $99,079 Down ×1
DUK Duke Energy Corporation (Holding Company) Common Stock $765,303 0.32% 6,046 $-27,015 Down ×1
GLW Corning Incorporated Common Stock $763,736 0.32% 2,990 $323,873 Down ×6
RBC RBC Bearings Incorporated Common Stock $749,686 0.31% 1,164 $112,606 Down ×1
UPS United Parcel Service, Inc. Common Stock $747,663 0.31% 6,955 $66,775 Up ×1
SCHW Charles Schwab Corporation (The) Common Stock $742,035 0.31% 8,042 $-13,752
RSPT Invesco Exchange-Traded Fund Trust $705,308 0.29% 10,935 $189,344 Down ×1
DIS Walt Disney Company (The) Common Stock $699,641 0.29% 7,269 $-27,257 Down ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $678,627 0.28% 1,421 $188,262 Down ×2
PFE Pfizer, Inc. Common Stock $668,027 0.28% 27,742 $-84,994 Up ×1
VYM VANGUARD WHITEHALL FUNDS $647,133 0.27% 4,095 $40,663
ENB Enbridge Inc Common Stock $641,250 0.27% 11,829 $6,350 Up ×1
IWV iShares Trust $639,600 0.27% 1,500 $83,580
LIN Linde plc - Ordinary Shares $636,739 0.27% 1,227 $45,793 Up ×1
EXPD Expeditors International of Washington, Inc. Common Stock $624,050 0.26% 3,829 $75,622
OEF iShares Trust $621,247 0.26% 1,698 $81,164
NKE Nike, Inc. Common Stock $618,993 0.26% 15,079 $-269,122 Down ×3
CASY Caseys General Stores, Inc. - Common Stock $615,167 0.26% 774 $29,240 Down ×5
KNSL Kinsale Capital Group, Inc. Common Stock $606,191 0.25% 1,838 $81,743 Up ×3
UNP Union Pacific Corporation Common Stock $601,936 0.25% 2,213 $65,018
XLK SELECT SECTOR SPDR TRUST $590,612 0.25% 3,100 $178,622
XLF SELECT SECTOR SPDR TRUST $582,205 0.24% 10,860 $-250,173 Down ×1
LMT Lockheed Martin Corporation Common Stock $580,784 0.24% 1,140 $-108,221
ISRG Intuitive Surgical, Inc. - Common Stock $572,659 0.24% 1,440 $-132,656 Down ×1
AN AutoNation, Inc. Common Stock $537,119 0.22% 2,891 $64,395 Up ×3
ORCL Oracle Corporation Common Stock $523,916 0.22% 3,575 $-9,358 Down ×3
ITW Illinois Tool Works Inc. Common Stock $522,007 0.22% 1,930 $13,140 Down ×4
VEU VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $518,748 0.22% 6,194 $53,579
IVV iShares Trust $513,739 0.21% 686 $65,637
ACN Accenture plc Class A Ordinary Shares (Ireland) $513,191 0.21% 4,124 $-497,890 Down ×1
MDT Medtronic plc. Ordinary Shares $512,485 0.21% 6,551 $-47,187 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
VOO $12,912,715 5.38% up ×5
VGT $4,174,116 1.74% up ×6
IWB $4,146,188 1.73% up ×6
AVGO $2,753,798 1.15% up ×6
META $2,672,811 1.11% up ×3
MRVL $1,210,327 0.50% up ×3
SCHX $1,116,662 0.47% up ×3
KNSL $606,191 0.25% up ×3
AN $537,119 0.22% up ×3
ZTS $370,079 0.15% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
CRUS $442,916 2,982 0.18%
R $363,211 1,377 0.15%
BK $355,741 2,460 0.15%
PFGC $342,636 3,065 0.14%
C $290,417 2,075 0.12%
MELI $286,859 169 0.12%
KLAC $271,539 900 0.11%
TNL $254,665 3,332 0.11%
LNG $254,546 1,065 0.11%
UTHR $241,114 445 0.10%
DE $230,369 363 0.10%
SYF $222,827 2,930 0.09%
XBI $221,550 1,400 0.09%
NUE $213,617 959 0.09%
XLY $211,104 1,800 0.09%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
VOO Bought more +2K +$3.1M
GOOGL Trimmed -317 +$1.6M
VTI Bought more +1K +$1.4M
SCHB Trimmed -715 +$1.2M
VGT Bought more +31K +$1.1M
AAPL Trimmed -2K +$1.1M
INTC Price move only +0 +$1.1M
NVDA Trimmed -2K +$978K
MRVL Bought more +103 +$818K
ASML Trimmed -21 +$755K

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
MCO June 30, 2025 17,048 $7,939,083 -12.0%
CHKP June 30, 2025 27,339 $6,231,105 -41.1%
CBT June 30, 2025 60,180 $5,003,365 2.6%
WFC June 30, 2025 55,125 $3,957,424 0.4%
SLB June 30, 2025 57,711 $2,412,320 44.2%
PM June 30, 2025 12,580 $1,996,823 2.9%
BAC June 30, 2025 40,933 $1,708,150 13.6%
MRSH June 30, 2026 8,811 $1,528,268 2.0%
HON June 30, 2026 5,742 $1,297,864 -4.4%
MO June 30, 2025 12,826 $769,817 14.9%
KVUE June 30, 2025 29,146 $698,921 -17.8%
PARA June 30, 2025 41,580 $497,297
UNH Dec. 31, 2025 1,367 $472,025 12.7%
SOLV June 30, 2025 5,968 $453,807 15.8%
ADBE Dec. 31, 2025 1,036 $365,449 -32.1%
PRU Dec. 31, 2025 3,335 $345,973 -0.2%
GEHC June 30, 2025 3,957 $319,369 -13.2%
UL (filed as ULXXXX) Dec. 31, 2025 5,165 $306,181 -8.7%
FISV Dec. 31, 2025 2,297 $296,152 -34.0%
DEO Sept. 30, 2025 2,320 $233,949 -11.2%
GIS June 30, 2025 3,809 $227,740 -38.2%
PAYX Dec. 31, 2025 1,750 $221,830 -11.8%
HCA June 30, 2026 465 $220,057 9.4%
NVO Dec. 31, 2025 3,935 $218,353 -26.7%
XLY March 31, 2026 1,800 $214,938 No longer tracked
MDLZ Sept. 30, 2025 3,145 $212,099 -6.9%
CRM Sept. 30, 2025 765 $208,608 -1.0%
COP June 30, 2026 1,575 $207,900 21.9%
DXCM Sept. 30, 2025 2,360 $206,004 26.9%
PLD June 30, 2025 1,830 $204,576 22.6%
CMCSA Sept. 30, 2025 5,712 $203,861 -31.3%
CMCSA June 30, 2026 7,070 $202,980 -12.1%
PYPL Sept. 30, 2025 2,730 $202,894 -21.3%
CRM March 31, 2026 765 $202,656 25.7%