Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +49.7%
S&P 500 total return (same window) +37.0%
Excess return +12.7%

Annualized: +38.1% · 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: 97.4% · Options excluded: 4.4%

Sector breakdown

04
Technology 24.8%
Communication Services 18.2%
Industrials 17.4%
Consumer Discretionary 15.8%
Healthcare 8.3%
Retail 6.7%
Consumer products 3.6%
Financials 3.5%
Consumer Staples 1.6%

Full portfolio 56 positions

05
Type Streak 8Q trend
GEV GE Vernova Inc. Common Stock $38,182,950 8.84% 32,500 Put option Up ×1
TRIP TripAdvisor, Inc. - Common Stock $34,428,867 7.97% 2,511,223 $7,705,686 Up ×5
BKNG Booking Holdings Inc. - Common Stock $25,929,999 6.01% 145,478 $7,008,821 Up ×1
RSKD Riskified Ltd. Class A Ordinary Shares $18,240,516 4.22% 3,619,150 $3,765,881 Down ×1
MSGS Madison Square Garden Sports Corp. Class A Common Stock (New) $16,480,262 3.82% 41,012 $3,050,563 Down ×1
MSFT Microsoft Corporation - Common Stock $13,203,416 3.06% 35,396 $1,000,392 Up ×2
ZD Ziff Davis, Inc. - Common Stock $13,172,469 3.05% 251,527 $3,021,590 Up ×1
FDS FactSet Research Systems Inc. Common Stock $13,158,735 3.05% 57,192 $1,768,496 Up ×2
DIN Dine Brands Global, Inc. Common Stock $11,647,001 2.70% 324,429 $862,781 Down ×1
PLNT Planet Fitness, Inc. Common Stock $11,464,253 2.66% 219,748 $3,371,560 Up ×2
AMZN Amazon.com, Inc. - Common Stock $11,174,571 2.59% 46,885 $-3,846,486 Down ×1
DT Dynatrace, Inc. Common Stock $10,225,893 2.37% 232,883 $3,881,789 Up ×1
DLTR Dollar Tree, Inc. - Common Stock $9,463,612 2.19% 78,244 $794,472 Down ×1
TMO Thermo Fisher Scientific Inc Common Stock $9,460,663 2.19% 18,870 $2,828,449 Up ×2
BLDR Builders FirstSource, Inc. Common Stock $9,231,920 2.14% 103,173 $7,612,324 Up ×1
JBTM JBT Marel Corporation Common Stock $8,475,105 1.96% 58,449 $6,754,998 Up ×1
AIN Albany International Corporation Common Stock $8,242,084 1.91% 110,632 $-929,542 Down ×1
WDAY Workday, Inc. - Class A Common Stock $7,998,800 1.85% 65,339 $1,944,528 Up ×1
BILL BILL Holdings, Inc. Common Stock $7,954,296 1.84% 219,975 $-2,863,424 Down ×1
ALKT Alkami Technology, Inc. - Common Stock $7,931,758 1.84% 437,735 Up ×1
LOCO El Pollo Loco Holdings, Inc. - Common Stock $7,733,455 1.79% 455,982 $1,659,047 Up ×4
FRPT Freshpet, Inc. - Common Stock $7,022,865 1.63% 118,790
ADBE Adobe Inc. - Common Stock $6,972,525 1.61% 34,009 $77,561 Up ×2
BRZE Braze, Inc. - Class A Common Stock $6,922,168 1.60% 319,141 $1,339,159 Up ×1
TTAN ServiceTitan, Inc. - Class A Common Stock $6,604,880 1.53% 93,408 $2,227,155 Up ×1
SGI Somnigroup International Inc. Common Stock $6,393,050 1.48% 81,544 Up ×1
TEAM Atlassian Corporation - Class A Common Stock $6,044,594 1.40% 77,704 $-427,622 Down ×1
AMPL Amplitude, Inc. - Class A Common Stock $5,996,131 1.39% 783,808 $-2,626,300 Down ×1
LUXE LuxExperience B.V. American Depositary Shares, each representing one Ordinary Share $5,574,707 1.29% 750,297 $170,283 Up ×3
MLAB Mesa Laboratories, Inc. - Common Stock $5,509,495 1.28% 55,344 $-3,446,744 Down ×1
PINS Pinterest, Inc. Class A Common Stock $5,124,317 1.19% 243,667 $-3,935,606 Down ×1
LION Lionsgate Studios Corp Common Shares $4,935,898 1.14% 322,397 $-3,686,605 Down ×1
FICO Fair Isaac Corporation Common Stock $4,746,861 1.10% 3,973 Up ×1
SPB Spectrum Brands Holdings, Inc. Common Stock $4,681,693 1.08% 54,597 $-6,282,435 Down ×2
EVER EverQuote, Inc. - Class A Common Stock $4,585,499 1.06% 192,749 $-103,877 Down ×1
IBP Installed Building Products, Inc. Common Stock $4,405,573 1.02% 19,168 Up ×1
FNKO Funko, Inc. - Class A Common Stock $4,369,146 1.01% 743,052 $1,984,987 Down ×1
ROCK Gibraltar Industries, Inc. - Common Stock $4,146,449 0.96% 91,939 Up ×1
RVMD Revolution Medicines, Inc. - Common Stock $3,903,852 0.90% 20,845 $2,045,016 Up ×1
BFAM Bright Horizons Family Solutions Inc. Common Stock $3,879,971 0.90% 54,740 Up ×1
FLR Fluor Corporation Common Stock $3,645,558 0.84% 69,585 $-4,333,878 Down ×1
RSI Rush Street Interactive, Inc. Class A Common Stock $3,387,535 0.78% 113,905 $-77,697 Down ×1
TATT TAT Technologies Ltd. - Ordinary Shares $3,320,201 0.77% 68,841 $1,027,816 Up ×2
PRTA Prothena Corporation plc - Ordinary Shares $3,221,419 0.75% 329,052 $-1,498,778 Down ×1
CMRC Commerce.com, Inc. - Series 1 Common Stock $3,159,294 0.73% 1,067,329 $48,899 Down ×1
ABVX Abivax SA - American Depositary Shares $2,884,279 0.67% 21,644 Up ×1
FIVE Five Below, Inc. - Common Stock $2,795,195 0.65% 15,547 $-1,767,551 Down ×1
VKTX Viking Therapeutics, Inc. - Common Stock $2,594,243 0.60% 66,502 $386,697 Down ×1
QURE uniQure N.V. - Ordinary Shares $2,352,100 0.54% 51,066 $1,789,219 Up ×2
DFIN Donnelley Financial Solutions, Inc. Common Stock $1,879,612 0.44% 44,806 Up ×1
QTTB Q32 Bio Inc. - Common Stock $1,682,139 0.39% 132,036 $819,869 Down ×1
ASMB Assembly Biosciences, Inc. - Common Stock $1,307,498 0.30% 47,580 $-35,324 Down ×1
PEPG PepGen Inc. - Common Stock $1,057,838 0.24% 587,688 $-1,796 Down ×1
ARDX Ardelyx, Inc. - Common Stock $997,616 0.23% 195,611 $-1,660,596 Down ×1
TECX Tectonic Therapeutic, Inc. - Common Stock $967,416 0.22% 28,143 $140,481 Up ×3
OKTA Okta, Inc. - Class A Common Stock $923,766 0.21% 6,770 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
TRIP $34,428,867 7.97% up ×5
LOCO $7,733,455 1.79% up ×4
LUXE $5,574,707 1.29% up ×3
TECX $967,416 0.22% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
GEV $38,182,950 32,500 8.84%
ALKT $7,931,758 437,735 1.84%
FRPT $7,022,865 118,790 1.63%
SGI $6,393,050 81,544 1.48%
FICO $4,746,861 3,973 1.10%
IBP $4,405,573 19,168 1.02%
ROCK $4,146,449 91,939 0.96%
BFAM $3,879,971 54,740 0.90%
ABVX $2,884,279 21,644 0.67%
DFIN $1,879,612 44,806 0.44%
OKTA $923,766 6,770 0.21%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
TRIP Bought more +4K +$7.7M
BKNG Bought more +141K +$7.0M
JBTM Bought more +45K +$6.8M
SPB Trimmed -94K -$6.3M
FLR Trimmed -101K -$4.3M
PINS Trimmed -250K -$3.9M
DT Bought more +61K +$3.9M
AMZN Trimmed -25K -$3.8M
RSKD Trimmed -73K +$3.8M
LION Trimmed -577K -$3.7M

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
APP Dec. 31, 2025 20,000 $14,370,800 -61.4%
PBPB Dec. 31, 2025 582,325 $9,922,818 No longer tracked
CME June 30, 2026 26,519 $7,832,387 38.4%
CLX June 30, 2026 60,768 $6,297,388 -9.5%
POOL June 30, 2026 29,224 $5,912,892 -7.4%
RDDT Dec. 31, 2025 25,000 $5,749,750 -37.2%
NVRI June 30, 2026 263,133 $5,162,669 No longer tracked
GTLB June 30, 2026 233,122 $5,044,760 84.3%
IAS Dec. 31, 2025 464,110 $4,719,999 No longer tracked
KSS Dec. 31, 2025 300,000 $4,611,000 20.4%
TENB June 30, 2026 234,731 $3,970,475 20.9%
MU June 30, 2025 42,874 $3,725,322 612.0%
AMN June 30, 2026 193,907 $3,556,254 48.3%
ABNB Sept. 30, 2025 24,686 $3,266,945 41.7%
FRSH March 31, 2026 263,198 $3,224,176 92.9%
OKLO Dec. 31, 2025 27,500 $3,069,825 -63.3%
DKNG June 30, 2025 82,854 $2,751,581 -51.2%
DSGR June 30, 2026 99,923 $2,621,980 28.0%
PZZA Dec. 31, 2025 52,415 $2,523,782 -53.0%
TENB Dec. 31, 2025 84,746 $2,471,193 89.5%
CARS March 31, 2026 170,944 $2,085,517 34.7%
GPGI March 31, 2026 108,164 $2,085,402 -33.7%
CMRC June 30, 2025 349,319 $2,012,077 -28.8%
PLOW March 31, 2026 60,152 $1,963,963 -5.4%
DENN March 31, 2026 310,197 $1,929,425 No longer tracked
EWCZ June 30, 2026 326,152 $1,885,159 No longer tracked
UCTT June 30, 2025 87,280 $1,868,665 100.8%
BLDR June 30, 2025 14,723 $1,839,492 -51.3%
STRL June 30, 2025 15,693 $1,776,605 54.0%
BRBR Dec. 31, 2025 47,645 $1,731,896 -64.3%
KROS Dec. 31, 2025 108,051 $1,709,367 -44.6%
MAT Sept. 30, 2025 83,405 $1,644,747 -2.5%
TECH March 31, 2026 27,771 $1,633,213 38.8%
BV Dec. 31, 2025 121,038 $1,621,909 -16.4%
GOOGL March 31, 2026 5,116 $1,601,308 11.4%
TPR Dec. 31, 2025 13,905 $1,574,324 -13.6%
HVII March 31, 2026 149,711 $1,549,509 No longer tracked
TSVT June 30, 2025 296,260 $1,463,524 No longer tracked
CPRI June 30, 2025 72,647 $1,433,325 -10.3%
ORN Sept. 30, 2025 157,910 $1,432,244 4.7%
FIX Sept. 30, 2025 2,015 $1,080,463 40.7%
FRPT March 31, 2026 17,382 $1,059,085 8.8%
ETNB Dec. 31, 2025 68,961 $1,013,727 No longer tracked
PMTS March 31, 2026 67,257 $987,333 85.3%
INSP Dec. 31, 2025 13,077 $970,313 -22.9%
CCCX March 31, 2026 61,555 $960,258 No longer tracked
XPOF June 30, 2025 115,170 $959,366 -44.1%
SPRO Sept. 30, 2025 310,908 $901,633 -41.0%
OXM March 31, 2026 24,692 $844,466 -27.9%
RVLV June 30, 2025 35,938 $772,308 11.0%
JAKK Dec. 31, 2025 40,867 $765,439 80.8%
HII March 31, 2026 2,227 $757,336 -27.9%
BCYC March 31, 2026 93,840 $664,387 -23.5%
BBIO Dec. 31, 2025 11,859 $615,956 -10.4%
MLNK Dec. 31, 2025 30,809 $614,023 No longer tracked
ARVN Dec. 31, 2025 66,343 $565,242 -38.4%
RCKT June 30, 2026 153,728 $550,346 -33.0%
ZUMZ March 31, 2026 18,842 $490,834 -36.3%
WINA March 31, 2026 1,081 $437,740 -34.6%
QUBT Sept. 30, 2025 19,076 $365,687 -64.4%
CARG Sept. 30, 2025 7,811 $261,434 -15.3%
LRMR Dec. 31, 2025 49,073 $158,506 -38.3%
SMR Sept. 30, 2025 1,810 $71,604 -85.1%
GPRO June 30, 2025 107,166 $71,040 33.4%