Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +38.7%
S&P 500 total return (same window) +37.0%
Excess return +1.7%

Annualized: +29.9% · 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: 98.3% · Options excluded: 0.0%

Sector breakdown

04
Industrials 26.6%
Technology 20.9%
Consumer Staples 15.8%
Retail 8.5%
Materials 7.7%
Communication Services 6.5%
Consumer Discretionary 4.6%
Consumer products 4.1%
Healthcare 1.7%
Financials 1.4%
Other/Unmapped 2.0%

Full portfolio 69 positions

05
Type Streak 8Q trend
RSG Republic Services, Inc. Common Stock $53,822,516 5.78% 252,593 Up ×1
CHD Church & Dwight Company, Inc. Common Stock $34,367,211 3.69% 354,740 $19,852,312 Up ×1
PM Philip Morris International Inc Common Stock $32,110,259 3.45% 177,493
ECL Ecolab Inc. Common Stock $31,720,584 3.41% 113,853
KDP Keurig Dr Pepper Inc. - Common Stock $29,814,182 3.20% 910,913 Up ×1
STZ Constellation Brands, Inc. Common Stock $29,762,478 3.20% 213,980 Up ×1
FAST Fastenal Company - Common Stock $27,132,003 2.92% 564,897 Up ×1
FERG Ferguson Enterprises Inc. Common Stock $25,816,520 2.77% 108,779 $10,402,932 Up ×1
KHC The Kraft Heinz Company - Common Stock $24,946,145 2.68% 1,056,145
PH Parker-Hannifin Corporation Common Stock $24,781,648 2.66% 25,336 $14,047,720 Up ×1
ASML ASML Holding N.V. - New York Registry Shares $23,712,135 2.55% 11,919 Up ×1
ADI Analog Devices, Inc. - Common Stock $22,430,176 2.41% 56,475 $-121,814 Down ×1
TXN Texas Instruments Incorporated - Common Stock $21,444,050 2.30% 71,943 Up ×1
CAT Caterpillar, Inc. Common Stock $20,988,114 2.26% 19,709 $7,091,671 Up ×1
STM STMicroelectronics N.V. Common Stock $19,256,241 2.07% 257,127 Up ×1
AMZN Amazon.com, Inc. - Common Stock $19,157,293 2.06% 80,378 $386,751 Down ×1
ETN Eaton Corporation, PLC Ordinary Shares $18,879,247 2.03% 44,305
ITB iShares Trust $18,877,864 2.03% 180,684 $7,735,234 Up ×4
PPG PPG Industries, Inc. Common Stock $18,277,675 1.96% 150,694 Up ×1
BWXT BWX Technologies, Inc. Common Stock $17,914,613 1.93% 92,035
PCAR PACCAR Inc. - Common Stock $17,688,751 1.90% 147,259 $5,589,433 Up ×1
WDC Western Digital Corporation - Common Stock $17,344,442 1.86% 27,155 $12,940,324 Up ×1
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $16,956,015 1.82% 17,571 $6,364,000 Down ×1
HLN Haleon plc American Depositary Shares (Each representing two Ordinary Shares) $16,108,758 1.73% 1,726,555 Up ×1
BTI British American Tobacco Industries, p.l.c. Common Stock ADR $15,767,390 1.69% 255,301
CARR Carrier Global Corporation Common Stock $14,346,967 1.54% 195,596 Up ×1
TAP Molson Coors Beverage Company Class B Common Stock $14,193,518 1.53% 364,310 Up ×1
DASH DoorDash, Inc. - Common Stock $13,762,801 1.48% 74,583 $-2,769,615 Down ×1
TOST Toast, Inc. Class A Common Stock $13,275,454 1.43% 477,191 $-829,642 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $12,851,461 1.38% 22,815 $508,901 Up ×2
FIX Comfort Systems USA, Inc. Common Stock $12,488,267 1.34% 6,301 $5,041,721 Up ×1
SPOT Spotify Technology S.A. Ordinary Shares $11,880,448 1.28% 25,876 $-3,911,616 Down ×1
NTR Nutrien Ltd. Common Shares $11,798,530 1.27% 187,427 Up ×1
RL Ralph Lauren Corporation Common Stock $10,725,675 1.15% 26,720 Up ×1
BOOT Boot Barn Holdings, Inc. Common Stock $10,382,685 1.12% 63,205 Up ×1
TTWO Take-Two Interactive Software, Inc. - Common Stock $10,131,939 1.09% 40,531 $-6,459,839 Down ×1
MU Micron Technology, Inc. - Common Stock $9,817,236 1.06% 8,505
ANET Arista Networks, Inc. Common Stock $9,682,650 1.04% 56,997 $7,822,287 Up ×1
CE Celanese Corporation Common Stock $9,439,338 1.01% 205,203 Up ×1
EAT Brinker International, Inc. Common Stock $9,218,496 0.99% 54,872 $-1,636,307 Down ×1
SNDK Sandisk Corporation - Common Stock $8,526,488 0.92% 3,750 $5,866,319 Down ×1
WMT Walmart Inc. - Common Stock $8,496,652 0.91% 75,019 $4,472,963 Up ×1
BBY Best Buy Co., Inc. Common Stock $8,111,041 0.87% 106,893 Up ×1
FIVE Five Below, Inc. - Common Stock $7,691,596 0.83% 42,781 $-2,464,112 Down ×1
NOW ServiceNow, Inc. Common Stock $7,669,678 0.82% 77,253 Up ×1
VRT Vertiv Holdings, LLC Class A Common Stock $7,657,668 0.82% 22,871
T AT&T Inc. $7,321,176 0.79% 353,680 Up ×1
AEO American Eagle Outfitters, Inc. Common Stock $7,041,560 0.76% 409,393
BURL Burlington Stores, Inc. Common Stock $6,705,389 0.72% 21,166 $-6,560,679 Down ×1
JBL Jabil Inc. Common Stock $6,314,548 0.68% 16,381 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $6,177,397 0.66% 10,634 Up ×1
TMUS T-Mobile US, Inc. - Common Stock $5,817,547 0.63% 34,684 Up ×1
TEAM Atlassian Corporation - Class A Common Stock $5,689,249 0.61% 73,136 Up ×1
WING Wingstop Inc. - Common Stock $5,436,404 0.58% 31,350 Up ×1
LRCX Lam Research Corporation - Common Stock $5,186,960 0.56% 11,970 $-282,095 Down ×1
IBM International Business Machines Corporation Common Stock $5,175,951 0.56% 18,406 Up ×1
W Wayfair Inc. Class A Common Stock $4,979,497 0.54% 53,879
MANH Manhattan Associates, Inc. - Common Stock $4,819,025 0.52% 34,607 $1,666,477 Up ×2
WDAY Workday, Inc. - Class A Common Stock $4,786,010 0.51% 39,095 $3,356,630 Up ×1
SKY Champion Homes, Inc. Common Stock $4,226,676 0.45% 47,965 $-1,824,513 Down ×1
TGT Target Corporation Common Stock $3,984,258 0.43% 30,505 $-1,171,469 Down ×1
HLT Hilton Worldwide Holdings Inc. Common Stock $3,946,684 0.42% 11,943 $-828,588 Down ×1
AMAT Applied Materials, Inc. - Common Stock $3,920,829 0.42% 5,423 $-11,493,900 Down ×1
LSCC Lattice Semiconductor Corporation - Common Stock $3,551,425 0.38% 23,218 $2,277,459 Up ×1
SNOW Snowflake Inc. Common Stock $3,354,310 0.36% 13,180 Up ×1
CRDO Credo Technology Group Holding Ltd - Ordinary Shares $3,279,989 0.35% 12,061 Up ×1
RDDT Reddit, Inc. Class A Common Stock $3,075,664 0.33% 17,719 $1,624,945 Up ×1
WSM Williams-Sonoma, Inc. Common Stock (DE) $2,696,967 0.29% 11,570 Up ×1
KVYO Klaviyo, Inc. Series A Common Stock $1,700,079 0.18% 112,588 $-2,916,164 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
ITB $18,877,864 2.03% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
RSG $53,822,516 252,593 5.78%
PM $32,110,259 177,493 3.45%
ECL $31,720,584 113,853 3.41%
KDP $29,814,182 910,913 3.20%
STZ $29,762,478 213,980 3.20%
FAST $27,132,003 564,897 2.92%
KHC $24,946,145 1,056,145 2.68%
ASML $23,712,135 11,919 2.55%
TXN $21,444,050 71,943 2.30%
STM $19,256,241 257,127 2.07%
ETN $18,879,247 44,305 2.03%
PPG $18,277,675 150,694 1.96%
BWXT $17,914,613 92,035 1.93%
HLN $16,108,758 1,726,555 1.73%
BTI $15,767,390 255,301 1.69%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
CHD Bought more +199K +$19.9M
PH Bought more +13K +$14.0M
WDC Bought more +11K +$12.9M
AMAT Trimmed -40K -$11.5M
FERG Bought more +43K +$10.4M
ITB Bought more +58K +$7.7M
CAT Bought more +94 +$7.1M
BURL Trimmed -20K -$6.6M
TTWO Trimmed -43K -$6.5M
STX Trimmed -9K +$6.4M

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
TSM June 30, 2026 64,977 $21,958,977 -1.0%
SHW June 30, 2026 64,361 $20,630,919 -7.2%
NVDA June 30, 2026 104,486 $18,222,358 16.9%
GWW June 30, 2026 16,668 $18,181,621 -5.9%
MO June 30, 2026 268,586 $17,723,990 -6.4%
APD June 30, 2026 59,550 $17,298,680 -5.3%
SJM June 30, 2026 167,986 $16,200,570 4.2%
MPWR June 30, 2026 14,592 $15,954,163 4.2%
TT June 30, 2026 38,032 $15,849,456 -5.5%
PEP June 30, 2026 99,136 $15,394,829 -7.0%
DDOG June 30, 2026 117,832 $13,910,068 6.5%
WM March 31, 2026 61,220 $13,450,646 -11.0%
PM March 31, 2026 83,497 $13,392,919 13.4%
SOLS June 30, 2026 169,595 $12,916,355 -34.9%
VMC June 30, 2026 45,760 $12,460,448 -17.6%
KO March 31, 2026 178,233 $12,460,269 12.6%
MDLZ June 30, 2026 204,428 $11,783,230 0.6%
QSR June 30, 2026 146,464 $10,823,690 -3.6%
CTVA June 30, 2026 124,487 $10,420,807 -85.9%
BALL June 30, 2026 169,901 $10,042,848 -9.7%
CCK Sept. 30, 2025 96,757 $9,964,036 9.8%
CLX March 31, 2026 93,958 $9,473,785 -22.4%
BTI March 31, 2026 165,951 $9,396,146 -10.0%
HON Sept. 30, 2025 39,907 $9,293,542 7.9%
MNST Dec. 31, 2025 136,709 $9,201,883 12.0%
GIS Dec. 31, 2025 178,104 $8,980,004 -31.2%
MNST June 30, 2026 123,416 $8,942,723 -10.7%
DLTR Sept. 30, 2025 88,287 $8,743,944 18.9%
KMB June 30, 2026 90,636 $8,743,655 -14.0%
DOV March 31, 2026 43,743 $8,540,383 -9.0%
AVY March 31, 2026 46,029 $8,371,755 -1.6%
KO Sept. 30, 2025 116,688 $8,255,676 29.1%
MELI Dec. 31, 2025 3,504 $8,188,638 -15.8%
ULTA June 30, 2026 15,429 $8,064,893 20.6%
KMB Dec. 31, 2025 64,822 $8,059,967 -6.5%
MKC March 31, 2026 117,999 $8,036,912 -11.4%
PG March 31, 2026 55,744 $7,988,673 0.3%
MSFT Dec. 31, 2025 14,834 $7,683,270 7.0%
LITE June 30, 2026 10,678 $7,504,071 26.5%
AME March 31, 2026 35,858 $7,362,006 17.5%
XYL June 30, 2026 61,573 $7,357,974 -13.9%
GLW June 30, 2026 53,946 $7,335,038 -35.7%
TT Dec. 31, 2025 17,186 $7,251,805 19.2%
CAVA June 30, 2026 88,616 $7,169,034 -30.7%
HRL Sept. 30, 2025 236,242 $7,146,321 -18.1%
DOW June 30, 2026 170,929 $7,119,193 2.2%
ECL Dec. 31, 2025 25,520 $6,988,907 4.3%
ORLY March 31, 2026 76,025 $6,934,240 -8.0%
CCEP March 31, 2026 76,419 $6,931,203 11.5%
NVT March 31, 2026 67,191 $6,851,466 43.4%
PKG Dec. 31, 2025 31,171 $6,793,096 10.8%
PFGC Dec. 31, 2025 64,975 $6,759,999 4.4%
WYNN March 31, 2026 55,526 $6,681,444 -25.3%
ONON Dec. 31, 2025 157,502 $6,670,210 -33.6%
TEL March 31, 2026 28,881 $6,570,716 5.4%
TT June 30, 2025 19,447 $6,552,083 6.1%
WWD March 31, 2026 21,526 $6,507,740 -7.3%
PANW June 30, 2026 40,343 $6,467,790 18.2%
REAL March 31, 2026 403,325 $6,364,469 -2.0%
ETN Sept. 30, 2025 17,345 $6,191,992 16.5%
CL Sept. 30, 2025 67,650 $6,149,385 5.4%
CELH March 31, 2026 133,741 $6,117,313 -24.6%
SHW June 30, 2025 17,353 $6,059,494 -6.9%
TXRH Sept. 30, 2025 31,396 $5,883,924 -6.0%
NXPI June 30, 2026 28,617 $5,633,543 -13.3%
CLH June 30, 2025 27,597 $5,439,369 37.8%
VSCO March 31, 2026 99,236 $5,375,614 No longer tracked
AXTA Dec. 31, 2025 186,325 $5,332,622 -0.3%
NFLX June 30, 2026 54,952 $5,283,635 -6.1%
TTEK June 30, 2026 174,738 $5,263,109 14.6%
LVS Sept. 30, 2025 119,503 $5,199,576 -32.6%
COCO Dec. 31, 2025 122,268 $5,192,722 5.6%
ROK March 31, 2026 13,298 $5,173,853 26.6%
DRI June 30, 2025 24,697 $5,131,049 -8.1%
PM Sept. 30, 2025 27,811 $5,065,217 15.6%
CTVA Sept. 30, 2025 67,813 $5,054,103 -82.4%
BWXT Sept. 30, 2025 29,936 $4,312,580 -26.9%
PINS Sept. 30, 2025 120,033 $4,304,383 -40.1%
W March 31, 2026 42,067 $4,223,947 34.6%
SFM June 30, 2026 51,860 $3,999,962 -23.8%
ROST March 31, 2026 22,166 $3,992,983 5.5%
WMT Dec. 31, 2025 38,595 $3,977,601 -6.4%
BTI Sept. 30, 2025 83,418 $3,948,174 -0.8%
MCD March 31, 2026 12,833 $3,922,150 -25.4%
H June 30, 2026 26,734 $3,844,082 -18.0%
TREX Dec. 31, 2025 69,827 $3,607,961 24.2%
EAT Sept. 30, 2025 19,919 $3,591,993 59.5%
APH March 31, 2026 26,530 $3,585,264 -31.2%
VRT March 31, 2026 22,020 $3,567,460 0.6%
CCL Dec. 31, 2025 120,808 $3,492,559 -15.7%
VEEV Dec. 31, 2025 11,670 $3,476,610 22.4%
VFC June 30, 2026 199,939 $3,396,964 -14.1%
STX Dec. 31, 2025 13,611 $3,213,013 208.3%
APD Sept. 30, 2025 11,186 $3,155,123 1.8%
COST June 30, 2025 3,230 $3,054,869 -7.0%
AVGO March 31, 2026 8,734 $3,022,837 14.7%
FBIN March 31, 2026 60,358 $3,019,107 -1.1%
FIX Sept. 30, 2025 5,598 $3,001,704 109.4%
ALB March 31, 2026 21,135 $2,989,334 -41.7%
AME June 30, 2025 17,322 $2,981,809 39.2%
BUD Sept. 30, 2025 43,180 $2,967,330 23.2%
RCL June 30, 2026 10,738 $2,954,883 -12.5%
PWR June 30, 2025 11,498 $2,922,562 78.9%
SBUX June 30, 2026 32,213 $2,885,963 -7.3%
AZO June 30, 2025 750 $2,859,585 -24.8%
NET June 30, 2026 13,615 $2,809,319 42.3%
DD Sept. 30, 2025 39,944 $2,739,759 298.8%
RRX Dec. 31, 2025 18,702 $2,682,615 13.9%
LVS March 31, 2026 38,376 $2,497,894 -32.8%
ORCL Dec. 31, 2025 8,866 $2,493,474 -27.0%
SHOP March 31, 2026 15,411 $2,480,709 27.6%
SHOP June 30, 2025 24,590 $2,347,853 31.2%
DPZ June 30, 2025 4,999 $2,296,791 -34.0%
LYV June 30, 2025 16,313 $2,130,152 11.6%
GOOGL March 31, 2026 6,729 $2,106,177 19.5%
MU March 31, 2026 7,097 $2,025,555 218.2%
KHC Sept. 30, 2025 77,882 $2,010,913 -14.8%
BROS June 30, 2026 39,467 $1,999,398 -46.1%
CART Sept. 30, 2025 43,893 $1,985,719 20.4%
CMG March 31, 2026 53,489 $1,979,093 1.1%
HUBB March 31, 2026 4,396 $1,952,308 -3.1%
WWW Sept. 30, 2025 107,933 $1,951,429 -30.0%
PEGA June 30, 2026 45,209 $1,924,095 13.2%
BJ June 30, 2025 15,000 $1,711,500 -11.9%
CMG Sept. 30, 2025 27,785 $1,560,128 -17.4%
LTH Sept. 30, 2025 51,282 $1,555,383 48.5%
XYL June 30, 2025 12,850 $1,535,061 -21.3%
HOG June 30, 2026 74,460 $1,505,581 0.4%
SYY Dec. 31, 2025 18,199 $1,498,506 5.2%
HLT Dec. 31, 2025 5,556 $1,441,449 11.2%
GOOGL June 30, 2025 9,191 $1,421,296 94.9%
ADBE Sept. 30, 2025 3,561 $1,377,680 -32.6%
CRWD June 30, 2026 3,238 $1,264,148 41.5%
GEV June 30, 2025 3,631 $1,108,472 86.8%
BURL Sept. 30, 2025 4,602 $1,070,609 8.2%
RACE June 30, 2025 2,500 $1,069,700 -20.9%
WMT June 30, 2025 11,988 $1,052,427 6.6%
BIRK Sept. 30, 2025 20,752 $1,020,583 -26.3%
UTZ Dec. 31, 2025 83,469 $1,014,148 37.5%
KR June 30, 2025 14,973 $1,013,522 -17.7%
AEO March 31, 2026 37,965 $1,001,137 6.0%
TJX Sept. 30, 2025 8,105 $1,000,886 -8.2%
SBH March 31, 2026 66,028 $941,559 17.3%
S Sept. 30, 2025 51,472 $940,908 42.3%
COCO June 30, 2026 18,563 $889,353 -15.4%
GTLB Sept. 30, 2025 17,684 $797,725 10.4%
RDDT June 30, 2025 5,212 $546,739 -1.8%
RDDT Dec. 31, 2025 2,044 $470,100 -35.7%