Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +21.7%
S&P 500 total return (same window) +37.0%
Excess return -15.3%

Annualized: +17.0% · 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: 97.0% · Options excluded: 0.0%

Sector breakdown

04
Technology 31.7%
Financials 16.3%
Industrials 14.0%
Healthcare 11.3%
Retail 6.5%
Communication Services 5.8%
Consumer Staples 4.4%
Materials 3.0%
Consumer products 2.2%
Energy 0.3%
Consumer Discretionary 0.1%
Utilities 0.0%
Other/Unmapped 4.4%

Full portfolio 48 positions

05
Type Streak 8Q trend
AAPL Apple Inc. - Common Stock $45,287,733 8.08% 156,510 $10,091,882 Up ×3
NVDA NVIDIA Corporation - Common Stock $43,778,091 7.81% 218,792 $12,644,901 Up ×1
AZN AstraZeneca PLC - American Depositary Shares $39,909,321 7.12% 210,470 $-395,938 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $27,742,991 4.95% 77,631 $8,175,683 Up ×1
MU Micron Technology, Inc. - Common Stock $20,180,453 3.60% 17,483 Up ×1
NTRS Northern Trust Corporation - Common Stock $19,861,741 3.54% 114,253 Up ×1
ODFL Old Dominion Freight Line, Inc. - Common Stock $18,125,088 3.23% 83,680 Up ×1
MNST Monster Beverage Corporation - Common Stock $17,433,957 3.11% 181,377 $4,790,484 Up ×1
JCI Johnson Controls International plc Ordinary Share $17,185,166 3.07% 117,618 Up ×1
KLAC KLA Corporation - Common Stock $17,013,427 3.04% 56,390 $-743,838 Up ×1
LRCX Lam Research Corporation - Common Stock $17,013,403 3.04% 39,262 $-1,032,534 Down ×1
ROST Ross Stores, Inc. - Common Stock $15,513,359 2.77% 72,884 $3,452,050 Up ×1
CBOE Cboe Global Markets, Inc. Common Stock $14,117,569 2.52% 58,176 $753,252 Up ×1
MSFT Microsoft Corporation - Common Stock $13,774,509 2.46% 36,927 $-4,947,579 Down ×2
AVGO Broadcom Inc. - Common Stock $13,728,568 2.45% 36,343 $3,975,908 Up ×1
CME CME Group Inc. - Class A Common Stock $13,249,994 2.36% 60,001 $-4,471,266
EBAY eBay Inc. - Common Stock $13,233,882 2.36% 118,424 $3,121,105 Up ×2
HWM Howmet Aerospace Inc. Common Stock $12,463,543 2.22% 46,357 $2,456,739 Up ×2
GS Goldman Sachs Group, Inc. (The) Common Stock $12,458,056 2.22% 12,318 $2,000,774 Down ×2
MS Morgan Stanley Common Stock $12,255,179 2.19% 58,626 $2,664,862 Up ×1
AMGN Amgen Inc. - Common Stock $11,276,417 2.01% 31,140 $-1,318,758 Down ×1
IVV iShares Trust $10,259,793 1.83% 13,700 $1,310,816
V Visa Inc. $10,114,293 1.81% 29,480 $1,887,018 Up ×2
CF CF Industries Holdings, Inc. Common Stock $9,891,175 1.77% 91,365 $81,763 Up ×1
GE GE Aerospace Common Stock $8,778,170 1.57% 23,488 $-1,728,982 Down ×1
TT Trane Technologies plc $8,606,597 1.54% 17,523 $1,928,338 Up ×3
MCO Moody's Corporation Common Stock $8,572,416 1.53% 18,927 $918,410 Up ×3
UBS UBS Group AG Registered Ordinary Shares $7,554,431 1.35% 152,430 $1,775,158 Up ×3
AMZN Amazon.com, Inc. - Common Stock $7,460,281 1.33% 31,301 $2,065,672 Up ×3
HSY The Hershey Company Common Stock $7,443,642 1.33% 42,426 $-2,660,020 Down ×1
JPM JP Morgan Chase & Co. Common Stock $7,357,069 1.31% 22,476 $741,410 Down ×2
UBER Uber Technologies, Inc. Common Stock $7,178,766 1.28% 99,484 $653,923 Up ×3
LOGI Logitech International S.A. - Registered Shares $6,973,818 1.24% 74,158 $875,977 Up ×4
NEM Newmont Corporation $6,755,996 1.21% 72,334 $-2,677,775 Down ×2
CL Colgate-Palmolive Company Common Stock $6,467,932 1.15% 70,549 $1,058,214 Up ×4
GILD Gilead Sciences, Inc. - Common Stock $6,251,935 1.12% 49,485 $-40,342 Up ×2
KMB Kimberly-Clark Corporation - Common Stock $5,986,088 1.07% 54,533 $1,245,070 Up ×4
LLY Eli Lilly and Company Common Stock $5,835,226 1.04% 4,865 $1,875,616 Up ×1
CTAS Cintas Corporation - Common Stock $5,618,763 1.00% 33,036 $359,354 Up ×3
MSI Motorola Solutions, Inc. Common Stock $4,429,068 0.79% 10,665 $598,849 Up ×1
TTE TotalEnergies SE Ordinary Shares $1,341,438 0.24% 17,251 $-323,860 Down ×2
BKNG Booking Holdings Inc. - Common Stock $312,633 0.06% 1,754 $-5,426,033 Up ×2
GOOG Alphabet Inc. - Class C Capital Stock $309,164 0.06% 875 $58,161
CNQ Canadian Natural Resources Limited Common Stock $283,689 0.05% 7,182 $-66,290
CMI Cummins Inc. Common Stock $261,035 0.05% 366 $-23,040 Down ×1
JNJ Johnson & Johnson Common Stock $239,494 0.04% 943 $-10,267,026 Down ×2
TDG Transdigm Group Incorporated Common Stock $213,126 0.04% 160
NRG NRG Energy, Inc. Common Stock $207,551 0.04% 1,421 $-4,855,177 Down ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

SecurityValue% of portfolioStreak
AAPL $45,287,733 8.08% up ×3
TT $8,606,597 1.54% up ×3
MCO $8,572,416 1.53% up ×3
UBS $7,554,431 1.35% up ×3
AMZN $7,460,281 1.33% up ×3
UBER $7,178,766 1.28% up ×3
LOGI $6,973,818 1.24% up ×4
CL $6,467,932 1.15% up ×4
KMB $5,986,088 1.07% up ×4
CTAS $5,618,763 1.00% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
MU $20,180,453 17,483 3.60%
NTRS $19,861,741 114,253 3.54%
ODFL $18,125,088 83,680 3.23%
JCI $17,185,166 117,618 3.07%
TDG $213,126 160 0.04%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
NVDA Bought more +40K +$12.6M
AAPL Bought more +18K +$10.1M
GOOGL Bought more +10K +$8.2M
MSFT Trimmed -14K -$4.9M
MNST Bought more +7K +$4.8M
CME Price move only +0 -$4.5M
AVGO Bought more +5K +$4.0M
ROST Bought more +17K +$3.5M
EBAY Bought more +7K +$3.1M
NEM Trimmed -15K -$2.7M

3 positions 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
AAPL June 30, 2025 148,803 $33,053,610 62.6%
WRB June 30, 2025 232,393 $16,537,086 -6.1%
NFLX Dec. 31, 2025 13,444 $16,118,281 -28.5%
META Dec. 31, 2025 19,267 $14,149,299 10.3%
WFC Sept. 30, 2025 175,342 $14,048,401 -4.0%
COST Sept. 30, 2025 13,707 $13,569,108 -0.5%
RCL Dec. 31, 2025 33,145 $10,725,059 -0.4%
EA Dec. 31, 2025 51,632 $10,414,174 No longer tracked
AMZN June 30, 2025 46,315 $8,811,892 14.6%
AXP June 30, 2025 31,561 $8,491,487 -5.1%
KR June 30, 2026 111,607 $8,075,882 6.3%
INTU March 31, 2026 10,415 $6,899,104 -35.0%
LIN June 30, 2025 667 $310,582 2.2%
LLY June 30, 2025 283 $233,733 46.6%
TDG March 31, 2026 160 $212,776 -5.9%