Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +26.4%
S&P 500 total return (same window) +37.0%
Excess return -10.6%

Annualized: +20.6% · 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: 0.0%

Sector breakdown

04
Technology 31.8%
Financials 12.1%
Communication Services 11.9%
Industrials 11.9%
Health Care 9.7%
Retail 8.2%
Consumer Discretionary 3.4%
Energy 2.6%
Materials 1.9%
Utilities 1.9%
Real Estate 1.8%
Consumer products 1.5%
Consumer Staples 1.1%
Other/Unmapped 0.3%

Full portfolio 101 positions

05
Type Streak 8Q trend
NVDA NVIDIA Corporation - Common Stock $210,718,782 8.38% 1,053,120 $14,384,802 Down ×2
GOOG Alphabet Inc. - Class C Capital Stock $163,800,254 6.51% 463,590 $25,694,376 Down ×1
MSFT Microsoft Corporation - Common Stock $132,440,751 5.27% 355,050 $4,635,857 Up ×1
AMZN Amazon.com, Inc. - Common Stock $129,230,331 5.14% 542,210 $20,625,857 Up ×1
AAPL Apple Inc. - Common Stock $124,928,287 4.97% 431,740 $10,131,456 Down ×1
AVGO Broadcom Inc. - Common Stock $90,414,463 3.60% 239,350 $-1,961,893 Down ×2
LLY Eli Lilly and Company Common Stock $77,231,297 3.07% 64,390 $7,503,534 Down ×2
AMD Advanced Micro Devices, Inc. - Common Stock $71,579,731 2.85% 123,220 $69,923,811 Up ×1
C Citigroup, Inc. Common Stock $68,119,931 2.71% 486,710 $9,621,918 Down ×3
LRCX Lam Research Corporation - Common Stock $67,194,095 2.67% 154,980 $6,949,391 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $66,817,460 2.66% 118,620 $-6,941,540 Down ×1
MU Micron Technology, Inc. - Common Stock $65,759,901 2.62% 56,970 Up ×1
FFIV F5, Inc. - Common Stock $61,682,708 2.45% 148,290 $52,531,200 Up ×2
GEV GE Vernova Inc. Common Stock $61,068,195 2.43% 51,960 $59,645,368 Up ×1
CAT Caterpillar, Inc. Common Stock $57,887,964 2.30% 54,360 $17,789,128 Down ×2
COST Costco Wholesale Corporation - Common Stock $50,636,991 2.01% 54,130 $-11,271,205 Down ×6
V Visa Inc. $49,861,269 1.98% 145,330 $12,480,226 Up ×2
APH Amphenol Corporation Common Stock $48,993,004 1.95% 277,510 $4,467,716 Down ×2
GS Goldman Sachs Group, Inc. (The) Common Stock $46,836,545 1.86% 46,310 $4,097,129 Down ×3
AON Aon plc Class A Ordinary Shares (Ireland) $43,179,404 1.72% 130,180 $1,004,970 Down ×1
MDT Medtronic plc. Ordinary Shares $37,200,452 1.48% 471,190 $-5,342,994 Down ×4
PG Procter & Gamble Company (The) Common Stock $37,025,134 1.47% 252,490 $-5,235,122 Down ×1
LIN Linde plc - Ordinary Shares $36,694,247 1.46% 70,710 $5,049,885 Up ×1
CVS CVS Health Corporation Common Stock $35,946,807 1.43% 347,480 $9,356,888 Down ×1
BAC Bank of America Corporation Common Stock $34,679,737 1.38% 608,630 $2,427,223 Down ×2
R Ryder System, Inc. Common Stock $31,713,068 1.26% 120,230 $21,676,136 Up ×1
BIIB Biogen Inc. - Common Stock $29,647,753 1.18% 137,220 $23,493,365 Up ×2
RCL Royal Caribbean Cruises Ltd. Common Stock $29,512,517 1.17% 92,870 $25,844,435 Up ×2
MOD Modine Manufacturing Company Common Stock $28,656,587 1.14% 107,320 $14,730,802 Up ×1
TSLA Tesla, Inc. - Common Stock $28,504,062 1.13% 67,770 $3,310,564
EQIX Equinix, Inc. - Common Stock $28,207,074 1.12% 27,060 $13,513,276 Up ×1
MPC Marathon Petroleum Corporation Common Stock $25,572,114 1.02% 100,020 $-8,080,774 Down ×1
CVX Chevron Corporation Common Stock $25,188,889 1.00% 151,960 $-4,230,222 Up ×2
TJX TJX Companies, Inc. (The) Common Stock $22,328,070 0.89% 147,380 $21,510,406 Up ×1
COHR Coherent Corp. Common Stock $19,672,219 0.78% 49,870 Up ×1
VST Vistra Corp. Common Stock $19,262,441 0.77% 121,430 $18,994,854 Up ×1
VRTX Vertex Pharmaceuticals Incorporated - Common Stock $18,989,988 0.76% 38,230 $17,873,638 Up ×2
AER AerCap Holdings N.V. Ordinary Shares $18,486,362 0.74% 126,810 $998,655 Down ×2
SRE DBA Sempra Common Stock $15,926,608 0.63% 170,700 $-2,513,634 Down ×1
EHC Encompass Health Corporation Common Stock $14,668,730 0.58% 145,120 $4,804,204 Up ×2
KO Coca-Cola Company (The) Common Stock $14,540,108 0.58% 178,280 $6,311,160 Up ×2
IRM Iron Mountain Incorporated (Delaware)Common Stock REIT $14,167,536 0.56% 111,470 $2,548,297 Down ×1
LSCC Lattice Semiconductor Corporation - Common Stock $14,038,669 0.56% 91,780 $9,684,515 Up ×3
AXP American Express Company Common Stock $13,567,208 0.54% 40,110 $1,564,802 Up ×2
MAR Marriott International - Class A Common Stock $13,437,593 0.53% 36,260 $2,546,161 Up ×1
MDLZ Mondelez International, Inc. - Class A Common Stock $13,328,009 0.53% 228,650 $4,841,060 Up ×1
JPM JP Morgan Chase & Co. Common Stock $13,237,225 0.53% 40,440 $747,191 Down ×4
FIX Comfort Systems USA, Inc. Common Stock $12,783,578 0.51% 6,450 $11,666,596 Up ×1
TPR Tapestry, Inc. Common Stock $12,569,650 0.50% 85,870 $1,565,893 Up ×2
SPGI S&P Global Inc. Common Stock $11,435,861 0.45% 28,080 $-397,098 Up ×4
CEG Constellation Energy Corporation - Common Stock When-Issued $10,652,590 0.42% 42,890 $-14,482,703 Down ×1
ABBV AbbVie Inc. Common Stock $10,589,011 0.42% 42,080 $-796,591 Down ×1
ALGM Allegro MicroSystems, Inc. - Common Stock $10,016,229 0.40% 143,870 Up ×1
AMP Ameriprise Financial, Inc. Common Stock $10,014,731 0.40% 21,830 $313,479
Unknown issuer (CUSIP: 84615Q103) $7,579,349 0.30% 44,360 Up ×1
TMO Thermo Fisher Scientific Inc Common Stock $7,330,910 0.29% 14,610 $5,835,288 Up ×1
PNC PNC Financial Services Group, Inc. (The) Common Stock $6,384,484 0.25% 25,930 $1,071,947 Up ×1
SPOT Spotify Technology S.A. Ordinary Shares $6,005,420 0.24% 13,080 $4,473,104 Up ×1
ECL Ecolab Inc. Common Stock $5,704,676 0.23% 20,430 $560,378 Up ×1
ROL Rollins, Inc. Common Stock $5,538,898 0.22% 132,700 $-4,462,125 Down ×1
FCX Freeport-McMoRan, Inc. Common Stock $5,023,024 0.20% 79,870 $-3,739,898 Down ×1
EW Edwards Lifesciences Corporation Common Stock $4,674,068 0.19% 51,670
ROK Rockwell Automation, Inc. Common Stock $4,435,917 0.18% 8,960 Up ×1
COP ConocoPhillips Common Stock $3,982,708 0.16% 38,310 $-210,932 Up ×1
TRGP Targa Resources, Inc. Common Stock $3,957,746 0.16% 14,760 $1,302,515 Up ×1
DXCM DexCom, Inc. - Common Stock $3,596,490 0.14% 53,400 $-502,466 Down ×1
SLB SLB Limited Common Shares $3,221,293 0.13% 69,290 Up ×1
GE GE Aerospace Common Stock $3,195,392 0.13% 8,550 $-45,614,290 Down ×1
APO Apollo Global Management, Inc. (New) Common Stock $3,027,553 0.12% 25,590 $176,315
AMAT Applied Materials, Inc. - Common Stock $2,841,390 0.11% 3,930 $1,344,350 Down ×1
ORLY O'Reilly Automotive, Inc. - Common Stock $2,094,127 0.08% 22,740 $-19,249,791 Down ×1
DE Deere & Company Common Stock $1,850,143 0.07% 2,910 Up ×1
CBRE CBRE Group Inc Common Stock Class A $1,800,805 0.07% 13,370 $-12,407,594 Down ×2
RSG Republic Services, Inc. Common Stock $1,734,471 0.07% 8,140 $-11,424,251 Down ×1
NOW ServiceNow, Inc. Common Stock $1,665,918 0.07% 16,780 $-14,201 Up ×1
AME AMETEK, Inc. $1,601,643 0.06% 6,620 $120,415 Down ×1
PANW Palo Alto Networks, Inc. - Common Stock $1,592,563 0.06% 4,670 Up ×1
TT Trane Technologies plc $1,542,242 0.06% 3,140 $116,991 Down ×1
TXN Texas Instruments Incorporated - Common Stock $1,499,292 0.06% 5,030
CMG Chipotle Mexican Grill, Inc. Common Stock $1,433,440 0.06% 42,160 $578,133 Up ×1
MRVL Marvell Technology, Inc. - Common Stock $1,385,189 0.06% 4,650 $584,865 Down ×6
SHW Sherwin-Williams Company (The) Common Stock $1,366,950 0.05% 3,970 $437,355 Up ×2
ISRG Intuitive Surgical, Inc. - Common Stock $1,356,089 0.05% 3,410 Up ×1
WMT Walmart Inc. - Common Stock $1,299,092 0.05% 11,470 $-123,943 Up ×1
DVN Devon Energy Corporation Common Stock $1,165,348 0.05% 28,203 Up ×1
CAH Cardinal Health, Inc. Common Stock $1,164,044 0.05% 4,900 $-378,519 Down ×5
PTC PTC Inc. - Common Stock $1,148,597 0.05% 10,110 $242,361 Up ×1
CTAS Cintas Corporation - Common Stock $1,095,315 0.04% 6,440 $88,932 Up ×1
AIZ Assurant, Inc. Common Stock $1,041,896 0.04% 3,880 $314,411 Up ×2
CDNS Cadence Design Systems, Inc. - Common Stock $1,024,624 0.04% 2,730 $393,859 Up ×1
NEE NextEra Energy, Inc. Common Stock $972,492 0.04% 11,080 $-318,540 Down ×1
ADI Analog Devices, Inc. - Common Stock $961,151 0.04% 2,420 $-282,776 Down ×1
MS Morgan Stanley Common Stock $955,313 0.04% 4,570 $250,953 Up ×2
MA Mastercard Incorporated Common Stock $893,664 0.04% 1,740 $354,031 Up ×1
BURL Burlington Stores, Inc. Common Stock $855,360 0.03% 2,700 $311,975 Up ×1
IQV IQVIA Holdings, Inc. Common Stock $830,846 0.03% 4,300 $-12,634,992 Down ×2
PSX Phillips 66 Common Stock $730,296 0.03% 4,320 $-105,910 Down ×2
NI NiSource Inc Common Stock $650,009 0.03% 13,670 $-26,094 Down ×1
LNG Cheniere Energy, Inc. Common Stock $587,965 0.02% 2,460 $196,376 Up ×1
SHOP Shopify Inc. - Class A Subordinate Voting Shares $490,974 0.02% 4,300 $-20,513,069 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
LSCC $14,038,669 0.56% up ×3
SPGI $11,435,861 0.45% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
MU $65,759,901 56,970 2.62%
COHR $19,672,219 49,870 0.78%
ALGM $10,016,229 143,870 0.40%
Unknown issuer (CUSIP: 84615Q103) $7,579,349 44,360 0.30%
EW $4,674,068 51,670 0.19%
ROK $4,435,917 8,960 0.18%
SLB $3,221,293 69,290 0.13%
DE $1,850,143 2,910 0.07%
PANW $1,592,563 4,670 0.06%
TXN $1,499,292 5,030 0.06%
ISRG $1,356,089 3,410 0.05%
DVN $1,165,348 28,203 0.05%
HAL $355,457 10,470 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
GOOG Trimmed -18K +$25.7M
BIIB Bought more +104K +$23.5M
R Bought more +71K +$21.7M
AMZN Bought more +21K +$20.6M
CAT Trimmed -2K +$17.8M
MOD Bought more +43K +$14.7M
CEG Trimmed -47K -$14.5M
NVDA Trimmed -73K +$14.4M
EQIX Bought more +12K +$13.5M
V Bought more +22K +$12.5M

11 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
INTU Sept. 30, 2025 87,960 $69,279,935 -51.9%
FISV June 30, 2025 313,680 $69,269,954 -72.2%
UNH June 30, 2025 115,290 $60,383,139 30.5%
MMM March 31, 2026 363,810 $58,245,981 19.0%
WFC Sept. 30, 2025 606,330 $48,579,159 -0.2%
BA June 30, 2026 185,300 $36,880,259 -22.8%
GEHC June 30, 2026 472,890 $33,660,310 18.5%
SNOW June 30, 2026 180,500 $27,223,010 33.6%
FMC Dec. 31, 2025 617,830 $21,100,130 -67.8%
ULTA June 30, 2026 37,970 $19,847,299 37.3%
ICE June 30, 2026 124,730 $19,617,535 26.7%
IOT March 31, 2026 531,310 $18,834,940 35.7%
NFLX June 30, 2026 177,720 $17,087,778 -13.2%
FICO June 30, 2025 8,040 $14,827,046 -61.8%
PCG Dec. 31, 2025 871,260 $13,158,204 -18.2%
BDX June 30, 2025 45,560 $10,435,974
EXC Sept. 30, 2025 239,860 $10,414,721 -0.5%
AZO June 30, 2026 3,020 $10,200,896 -1.2%
CMG Sept. 30, 2025 170,510 $9,574,137 -26.7%
GE Sept. 30, 2025 37,020 $9,528,578 0.1%
FLS June 30, 2026 125,800 $9,270,746 -3.2%
BRBR Dec. 31, 2025 214,620 $7,801,438 -65.2%
DIS March 31, 2026 63,390 $7,252,353 13.1%
ESS June 30, 2025 21,780 $6,727,472 -7.8%
HD June 30, 2026 18,890 $6,212,732 -10.0%
MCD Sept. 30, 2025 20,670 $6,039,154 -17.6%
PGR March 31, 2026 25,440 $5,793,197 13.8%
MRK June 30, 2025 60,170 $5,458,713 78.0%
DD June 30, 2025 71,960 $5,373,973
PNC June 30, 2025 30,010 $5,274,858 22.4%
CASY June 30, 2026 6,990 $5,087,741 -15.7%
EXAS March 31, 2026 48,940 $4,970,346 No longer tracked
EQT June 30, 2026 70,370 $4,478,347 5.7%
ZTS Dec. 31, 2025 30,320 $4,436,422 -38.2%
ADI Sept. 30, 2025 17,880 $4,255,798 74.3%
WING March 31, 2026 17,200 $4,102,028 -10.6%
EW Dec. 31, 2025 51,840 $4,031,597 7.7%
INSP June 30, 2025 23,380 $3,723,966 -45.3%
OPCH June 30, 2026 135,800 $3,655,736 49.2%
NKE March 31, 2026 46,660 $2,991,524 -29.7%
ETN March 31, 2026 8,410 $2,678,669 9.8%
PLNT June 30, 2026 31,760 $2,362,309 0.9%
XYZ June 30, 2025 39,480 $2,144,948 10.7%
ACN Sept. 30, 2025 5,860 $1,751,495 -1.3%
PTC Dec. 31, 2025 8,580 $1,741,912 11.9%
GGG March 31, 2026 18,660 $1,529,560 -20.7%
XYL March 31, 2026 10,750 $1,463,935 -26.2%
EQIX Dec. 31, 2025 1,740 $1,362,838 31.5%
AMT Dec. 31, 2025 7,020 $1,360,827 4.7%
CME Sept. 30, 2025 4,710 $1,298,170 8.8%
OTIS March 31, 2026 14,480 $1,264,828 -5.5%
T Dec. 31, 2025 44,560 $1,258,374 -16.7%
NEE June 30, 2025 16,570 $1,174,647 16.7%
DOCU June 30, 2026 22,590 $1,070,992 88.2%
WSC Sept. 30, 2025 36,160 $990,784 -14.8%
BKNG March 31, 2026 180 $963,959 -12.2%
NI June 30, 2025 23,110 $926,480 8.8%
ON June 30, 2026 14,400 $891,648 -20.0%
TXN Sept. 30, 2025 4,020 $834,632 68.6%
BURL Dec. 31, 2025 2,750 $699,875 -19.0%
AMAT Sept. 30, 2025 3,560 $651,729 103.2%
ON Sept. 30, 2025 12,090 $633,637 53.4%
NI Dec. 31, 2025 13,760 $595,808 5.1%
XOM March 31, 2026 4,610 $554,767 7.3%
LULU June 30, 2025 1,900 $537,814 -55.7%
MGNI March 31, 2026 32,180 $522,281 83.2%
CTRA June 30, 2026 13,590 $477,553 No longer tracked
CHD June 30, 2026 4,960 $462,867 8.1%
TMUS Dec. 31, 2025 1,660 $397,371 -27.1%
FTI June 30, 2025 11,250 $356,906 107.3%
EOG June 30, 2026 2,280 $329,620 24.0%
ONON Sept. 30, 2025 5,250 $273,263 -24.6%