Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +48.8%
S&P 500 total return (same window) +37.0%
Excess return +11.8%

Annualized: +37.5% · 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: 100.0% · Options excluded: 2.1%

Sector breakdown

04
Industrials 38.4%
Technology 26.0%
Communication Services 13.6%
Retail 4.8%
Financials 3.7%
Energy 3.0%
Consumer Discretionary 2.7%
Healthcare 2.6%
Utilities 1.9%
Materials 1.7%
Other/Unmapped 1.5%

Full portfolio 61 positions

05
Type Streak 8Q trend
NVDA NVIDIA Corporation - Common Stock $296,793,697 6.54% 1,483,301 $8,379,523 Down ×2
GEV GE Vernova Inc. Common Stock $255,970,273 5.64% 217,873 $29,074,757 Down ×2
GOOGL Alphabet Inc. - Class A Common Stock $222,876,302 4.91% 623,657 $97,595,899 Up ×1
AMZN Amazon.com, Inc. - Common Stock $219,824,080 4.84% 922,313 $53,437,594 Up ×1
AMAT Applied Materials, Inc. - Common Stock $201,402,495 4.44% 278,565 Up ×1
PWR Quanta Services, Inc. Common Stock $198,930,491 4.38% 276,277 $149,517,593 Up ×2
MA Mastercard Incorporated Common Stock $158,668,502 3.50% 308,934 $55,681,581 Up ×1
AVGO Broadcom Inc. - Common Stock $147,079,229 3.24% 389,356 $20,676,583 Down ×1
JCI Johnson Controls International plc Ordinary Share $139,514,887 3.07% 954,862 $33,774,464 Up ×1
LITE Lumentum Holdings Inc. - Common Stock $137,480,089 3.03% 160,222 $85,901,019 Up ×1
FLEX Flex Ltd. - Ordinary Shares $130,359,708 2.87% 804,342 Up ×1
HWM Howmet Aerospace Inc. Common Stock $130,109,958 2.87% 483,932 $47,495,349 Up ×3
MOD Modine Manufacturing Company Common Stock $118,385,987 2.61% 443,360 $92,744,860 Up ×1
LLY Eli Lilly and Company Common Stock $116,632,573 2.57% 97,240 $22,747,050 Down ×1
MU Micron Technology, Inc. - Common Stock $115,411,686 2.54% 99,985 Up ×1
GE GE Aerospace Common Stock $115,362,976 2.54% 308,680 $50,704,563 Up ×1
TKO TKO Group Holdings, Inc. Class A Common Stock $113,081,665 2.49% 561,729 $-10,082,324 Down ×2
TSLA Tesla, Inc. - Common Stock $112,931,100 2.49% 268,500 Call option Up ×1
FWONK Liberty Media Corporation - Series C Liberty Formula One Common Stock $105,227,980 2.32% 1,106,033 $14,407,235 Up ×1
RTX RTX Corporation Common Stock $102,771,998 2.26% 541,675 $16,201,371 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $99,751,542 2.20% 171,716
WWD Woodward, Inc. - Common Stock $97,923,525 2.16% 230,170 Up ×1
WMB Williams Companies, Inc. (The) Common Stock $91,042,191 2.01% 1,224,673 Up ×1
CGNX Cognex Corporation - Common Stock $75,805,635 1.67% 1,046,750 Up ×1
ARM Arm Holdings plc - American Depositary Shares $68,691,910 1.51% 193,733 Up ×1
Unknown issuer (CUSIP: N52A8C105) $68,671,258 1.51% 1,736,315 Up ×1
LGN Legence Corp. - Class A Common stock $66,446,757 1.46% 779,617 $24,224,162 Up ×1
FIX Comfort Systems USA, Inc. Common Stock $59,914,349 1.32% 30,230 $31,363,740 Up ×1
LIN Linde plc - Ordinary Shares $54,537,480 1.20% 105,094 $22,333,406 Up ×6
ONTO Onto Innovation Inc. Common Stock $51,611,119 1.14% 136,375
MRVL Marvell Technology, Inc. - Common Stock $51,107,498 1.13% 171,565 Up ×1
AEIS Advanced Energy Industries, Inc. - Common Stock $50,356,466 1.11% 135,051 Up ×1
NEE NextEra Energy, Inc. Common Stock $49,142,599 1.08% 559,902 $-94,274,524 Down ×1
CLH Clean Harbors, Inc. Common Stock $44,743,489 0.99% 149,769 $33,082,467 Up ×1
POWL Powell Industries, Inc. - Common Stock $34,220,593 0.75% 119,502 $26,277,539 Up ×1
CCJ Cameco Corporation Common Stock $31,207,358 0.69% 306,375 $13,257,926 Up ×2
UCTT Ultra Clean Holdings, Inc. - Common Stock $26,171,967 0.58% 183,547 Up ×1
QCOM QUALCOMM Incorporated - Common Stock $25,501,020 0.56% 138,000 Call option Up ×1
TER Teradyne, Inc. - Common Stock $24,419,889 0.54% 50,471 $19,903,321 Up ×1
SOLS Solstice Advanced Materials Inc. - Common Stock $23,707,588 0.52% 267,580 $16,495,236 Up ×1
NI NiSource Inc Common Stock $22,026,301 0.49% 463,224 $12,249,631 Up ×1
DRS Leonardo DRS, Inc. - Common Stock $21,615,342 0.48% 506,570 $-6,294,914 Down ×1
QCOM QUALCOMM Incorporated - Common Stock $20,394,348 0.45% 110,365 Up ×1
NVMI Nova Ltd. - Ordinary Shares $20,068,148 0.44% 36,962 $10,752,842 Up ×1
AIR AAR Corp. Common Stock $19,886,851 0.44% 139,137 $6,836,482 Up ×2
NXT Nextpower Inc. - Class A Common Stock $19,748,051 0.44% 165,755 $11,835,752 Up ×1
CIEN Ciena Corporation Common Stock $18,614,790 0.41% 37,946 $-64,844,954 Down ×3
HEI Heico Corporation Common Stock $16,294,624 0.36% 45,747 $3,009,634 Down ×2
BIP Brookfield Infrastructure Partners LP Limited Partnership Units $15,636,038 0.34% 428,502 $-10,077,248 Down ×1
MYRG MYR Group, Inc. - Common Stock $15,324,750 0.34% 30,625 Up ×1
TSEM Tower Semiconductor Ltd. - Ordinary Shares $14,733,979 0.32% 56,530 Up ×1
SNDK Sandisk Corporation - Common Stock $13,571,894 0.30% 5,969 Up ×1
VRT Vertiv Holdings, LLC Class A Common Stock $13,081,417 0.29% 39,070 $-10,226,282 Down ×4
RDDT Reddit, Inc. Class A Common Stock $12,903,764 0.28% 74,339
CRH CRH PLC Ordinary Shares $12,125,775 0.27% 113,325 $-7,119,595 Down ×2
TRGP Targa Resources, Inc. Common Stock $11,763,302 0.26% 43,870 $-95,749,722 Down ×1
BWA BorgWarner Inc. Common Stock $11,101,682 0.24% 167,194 Up ×1
IBKR Interactive Brokers Group, Inc. - Class A Common Stock $10,836,828 0.24% 124,504 $-3,877,659 Down ×1
ULS UL Solutions Inc. Class A Common Stock $6,521,077 0.14% 64,020
VIAV Viavi Solutions Inc. - Common Stock $6,196,804 0.14% 129,776 Up ×1
ALGM Allegro MicroSystems, Inc. - Common Stock $3,467,076 0.08% 49,800 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
HWM $130,109,958 2.87% up ×3
LIN $54,537,480 1.20% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
AMAT $201,402,495 278,565 4.44%
FLEX $130,359,708 804,342 2.87%
MU $115,411,686 99,985 2.54%
TSLA $112,931,100 268,500 2.49%
AMD $99,751,542 171,716 2.20%
WWD $97,923,525 230,170 2.16%
WMB $91,042,191 1,224,673 2.01%
CGNX $75,805,635 1,046,750 1.67%
ARM $68,691,910 193,733 1.51%
Unknown issuer (CUSIP: N52A8C105) $68,671,258 1,736,315 1.51%
ONTO $51,611,119 136,375 1.14%
MRVL $51,107,498 171,565 1.13%
AEIS $50,356,466 135,051 1.11%
UCTT $26,171,967 183,547 0.58%
QCOM $25,501,020 138,000 0.56%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
PWR Bought more +186K +$149.5M
GOOGL Bought more +188K +$97.6M
NEE Trimmed -984K -$94.3M
MOD Bought more +325K +$92.7M
LITE Bought more +87K +$85.9M
CIEN Trimmed -177K -$64.8M
MA Bought more +103K +$55.7M
AMZN Bought more +123K +$53.4M
GE Bought more +81K +$50.7M
HWM Bought more +125K +$47.5M

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
UBER Dec. 31, 2025 1,287,025 $126,089,839 -16.6%
MIR March 31, 2026 640,220 $124,374,777 -21.5%
BSX March 31, 2026 1,256,810 $119,836,834 -32.1%
ETN June 30, 2026 328,527 $117,504,252 2.3%
ORCL Dec. 31, 2025 367,340 $103,310,702 -27.0%
LLY Sept. 30, 2025 126,836 $98,872,467 49.8%
CRH June 30, 2025 1,083,065 $95,277,228 -10.7%
MSI Dec. 31, 2025 202,760 $92,720,120 16.7%
V March 31, 2026 263,300 $92,341,943 19.3%
NFLX Dec. 31, 2025 71,010 $85,135,309 -28.5%
CRWV Dec. 31, 2025 616,485 $84,365,972 25.2%
LNG Dec. 31, 2025 293,555 $68,979,554 38.9%
STRL June 30, 2026 164,995 $67,197,514 -36.4%
SHOP March 31, 2026 392,935 $63,250,747 27.6%
ISRG March 31, 2026 109,390 $61,954,120 -15.0%
NOW Sept. 30, 2025 60,096 $61,783,496 -27.0%
JEF March 31, 2026 975,795 $60,470,016 11.4%
MCK June 30, 2026 68,765 $59,506,480 19.4%
ARES Dec. 31, 2025 364,115 $58,218,347 -27.3%
AXON March 31, 2026 97,662 $55,465,180 -2.7%
ICE Sept. 30, 2025 287,765 $52,796,245 -10.9%
BWXT June 30, 2026 246,220 $50,349,528 -30.7%
CF June 30, 2026 372,730 $48,395,263 6.2%
KKR Dec. 31, 2025 363,250 $47,204,338 -29.2%
AMD Dec. 31, 2025 164,300 $40,108,916 196.0%
MTUM June 30, 2025 161,300 $32,603,569
GFL June 30, 2026 520,187 $21,702,202 14.1%
CW June 30, 2026 25,190 $17,157,413 -28.0%
PRIM June 30, 2026 112,170 $16,044,797 -20.2%
CEG June 30, 2026 50,050 $13,976,463 3.7%
ROAD June 30, 2026 125,575 $13,953,894 -23.3%
TMO June 30, 2025 24,255 $12,069,288 61.5%
ONON Dec. 31, 2025 284,190 $12,035,447 -33.6%
COHR June 30, 2026 41,305 $9,839,264 -14.6%
RDDT March 31, 2026 41,550 $9,551,099 9.8%
TLN March 31, 2026 23,125 $8,668,175 0.5%
TLN Sept. 30, 2025 27,276 $7,931,043 -24.6%
VVX June 30, 2026 110,485 $7,568,223 -5.1%
PODD March 31, 2026 26,470 $7,523,833 -37.2%
AGX June 30, 2026 13,225 $7,202,996 -51.9%
DDOG Dec. 31, 2025 50,000 $7,120,000 103.9%
CBOE June 30, 2026 24,235 $6,811,731
CPRT Sept. 30, 2025 138,102 $6,776,665 -39.5%
TT March 31, 2026 16,895 $6,575,534 11.3%
ALAB March 31, 2026 39,430 $6,559,575 219.6%
FUTU March 31, 2026 39,150 $6,428,822 -25.3%
WAY March 31, 2026 182,115 $5,964,266 2.9%
MSFT June 30, 2026 15,347 $5,680,999 38.7%
WM March 31, 2026 25,735 $5,654,237 -11.0%
RMBS June 30, 2026 64,395 $5,539,902 -15.6%
CLS June 30, 2026 19,510 $5,495,577 6.2%
LFUS June 30, 2026 16,095 $5,461,838 0.3%
DT Dec. 31, 2025 111,915 $5,422,282 36.9%
TW March 31, 2026 48,070 $5,169,448 -13.1%
OWL Dec. 31, 2025 299,870 $5,076,799 -39.2%
MELI March 31, 2026 2,345 $4,723,440 -1.9%
SN June 30, 2025 55,715 $4,647,188 84.4%
ZS Dec. 31, 2025 14,075 $4,217,715 -12.6%
FRMI March 31, 2026 526,800 $4,214,400 -31.0%
MDLN June 30, 2026 91,330 $4,064,185 -9.7%
KNSL Dec. 31, 2025 9,275 $3,944,287 -15.7%
WIX Dec. 31, 2025 22,055 $3,917,630 -30.1%
SPOT March 31, 2026 6,370 $3,699,123 -2.5%
CRM June 30, 2025 13,040 $3,499,414 -13.9%
ARES June 30, 2025 22,790 $3,341,242 -32.1%
GDDY Sept. 30, 2025 17,590 $3,167,255 -29.0%
CDNS June 30, 2025 11,549 $2,937,257 14.0%
FPS June 30, 2026 100,185 $2,932,415 -27.8%
AVAV March 31, 2026 11,215 $2,712,796 -23.1%
SBAC Sept. 30, 2025 9,305 $2,185,186 -18.0%
SN June 30, 2026 20,350 $2,155,065 19.9%
ULS Sept. 30, 2025 29,545 $2,152,649 -6.9%
AMRZ Sept. 30, 2025 37,325 $1,849,454 -23.2%
NXT Sept. 30, 2025 28,679 $1,559,277 13.9%
CCJ June 30, 2025 33,651 $1,385,075 14.8%
RYAN Sept. 30, 2025 19,735 $1,341,783 -33.2%
META June 30, 2026 2,015 $1,152,842 29.3%
APP June 30, 2025 3,590 $951,242 -23.4%
ONTO June 30, 2025 7,320 $888,209 224.7%