Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +57.0%
S&P 500 total return (same window) +37.0%
Excess return +20.0%

Annualized: +43.5% · 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: 94.2% · Options excluded: 0.0%

Sector breakdown

04
Technology 20.8%
Industrials 14.3%
Financials 13.8%
Healthcare 13.3%
Communication Services 9.1%
Retail 6.5%
Consumer Discretionary 4.4%
Materials 4.3%
Utilities 2.0%
Energy 0.5%
Consumer Staples 0.1%
Consumer products 0.1%
Real Estate 0.0%
Other/Unmapped 11.0%

Full portfolio 124 positions

05
Type Streak 8Q trend
GOOG Alphabet Inc. - Class C Capital Stock $60,088,871 7.23% 170,064 $12,326,014 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $55,619,809 6.69% 95,746 $35,941,008 Down ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $54,734,298 6.58% 114,610 $15,716,281 Down ×3
APH Amphenol Corporation Common Stock $47,634,396 5.73% 270,159 $14,056,972 Up ×2
JPM JP Morgan Chase & Co. Common Stock $45,684,238 5.49% 139,566 $5,728,847 Up ×2
CAT Caterpillar, Inc. Common Stock $42,780,157 5.14% 40,173 $13,863,701 Down ×3
AXP American Express Company Common Stock $38,065,398 4.58% 112,536 $5,103,830 Up ×6
AMZN Amazon.com, Inc. - Common Stock $26,959,054 3.24% 113,112 $4,320,002 Up ×6
RCL Royal Caribbean Cruises Ltd. Common Stock $25,641,183 3.08% 80,752 $3,909,393 Up ×3
CMI Cummins Inc. Common Stock $25,463,737 3.06% 35,703 $6,256,423 Up ×2
QCOM QUALCOMM Incorporated - Common Stock $24,752,267 2.98% 133,948 $7,996,175 Up ×6
SYK Stryker Corporation Common Stock $24,244,735 2.92% 77,007 $1,084,224 Up ×4
V Visa Inc. $20,929,966 2.52% 61,004 $2,967,495 Up ×6
REGN Regeneron Pharmaceuticals, Inc. - Common Stock $20,702,212 2.49% 33,201 $4,183,169 Up ×1
JPST JPMorgan Ultra-Short Income ETF $19,241,379 2.31% 380,490 $3,361,794 Up ×5
ECL Ecolab Inc. Common Stock $18,426,662 2.22% 66,138 $1,576,999 Up ×4
A Agilent Technologies, Inc. Common Stock $18,099,243 2.18% 136,259 $2,992,596 Up ×2
MRK Merck & Company, Inc. Common Stock (new) $17,806,079 2.14% 138,569 $1,484,686 Up ×6
LIN Linde plc - Ordinary Shares $17,215,834 2.07% 33,175 $985,147 Up ×4
NEE NextEra Energy, Inc. Common Stock $16,635,593 2.00% 189,536 $145,403 Up ×5
GILD Gilead Sciences, Inc. - Common Stock $15,948,131 1.92% 126,232 $-111,397 Up ×1
LOW Lowe's Companies, Inc. Common Stock $15,433,452 1.86% 69,996 $-945,987 Up ×4
IGV iShares Expanded Tech-Software Sector ETF $12,094,285 1.45% 133,491 $-32,970 Down ×2
TSLA Tesla, Inc. - Common Stock $10,240,769 1.23% 24,348 $1,457,060 Up ×4
SE Sea Limited American Depositary Shares, each representing one Class A Ordinary Share $10,159,226 1.22% 106,013 $1,570,173 Up ×6
LRCX Lam Research Corporation - Common Stock $9,971,987 1.20% 23,012 $4,842,554 Down ×1
MDT Medtronic plc. Ordinary Shares $9,904,153 1.19% 126,603 $-980,040 Up ×2
AAPL Apple Inc. - Common Stock $9,464,278 1.14% 32,708 $853,426 Down ×1
DIS Walt Disney Company (The) Common Stock $9,029,401 1.09% 93,812 $-102,311 Down ×1
MSFT Microsoft Corporation - Common Stock $6,880,663 0.83% 18,446 $-18,033 Down ×1
IJR iShares Trust $6,651,345 0.80% 44,848 $418,742 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $6,081,077 0.73% 17,016 $1,363,395 Up ×1
AVGO Broadcom Inc. - Common Stock $5,953,123 0.72% 15,759 $1,148,599 Up ×4
AMJB Alerian MLP Index ETN $5,432,086 0.65% 157,497 $21,121 Up ×1
PGX Invesco Exchange-Traded Fund Trust II $4,925,826 0.59% 454,412 $514,127 Up ×1
JSCP J.P. Morgan Exchange-Traded Fund Trust $4,842,499 0.58% 102,715 $190,449 Up ×1
SPY SPY $3,646,690 0.44% 4,883 $381,798 Down ×2
EWBC East West Bancorp, Inc. - Common Stock $3,645,889 0.44% 28,243 $1,791,148 Up ×1
DIVO Amplify ETF Trust $3,276,050 0.39% 71,686 $44,114 Down ×1
NVDA NVIDIA Corporation - Common Stock $3,138,344 0.38% 15,685 $443,933 Up ×3
JNJ Johnson & Johnson Common Stock $2,196,587 0.26% 8,649 $21,071 Down ×4
SLB SLB Limited Common Shares $2,160,530 0.26% 46,473 $-275,767 Down ×6
XLK SELECT SECTOR SPDR TRUST $2,139,730 0.26% 11,231 $631,182 Down ×2
VUG Vanguard Morningstar Growth ETF $1,687,138 0.20% 19,586 $169,730 Up ×4
VTI Vanguard Morningstar Total Stock Market ETF $1,667,030 0.20% 4,505 $793,464 Up ×1
PFF iShares Preferred and Income Securities ETF $1,630,117 0.20% 53,464 $45,473 Up ×3
AME AMETEK, Inc. $1,540,432 0.19% 6,367 $175,602
FCNCA First Citizens BancShares, Inc. - Class A Common Stock $1,425,341 0.17% 685 $30,693 Down ×1
VGT Vanguard Information Tech ETF $1,403,372 0.17% 11,742 $532,894 Up ×3
EEM iShares, Inc. $1,363,107 0.16% 19,926 $143,332 Down ×1
IEFA iShares Core MSCI EAFE ETF $1,352,313 0.16% 14,002 $34,558 Down ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $1,301,014 0.16% 2,600 $-124,606 Down ×5
VCIT Vanguard Intermediate-Term Corporate Bond ETF $1,292,233 0.16% 15,635 $128,354 Up ×3
BLK BlackRock, Inc. Common Stock $1,195,219 0.14% 1,243 $-23,527 Down ×1
ASML ASML Holding N.V. - New York Registry Shares $1,167,801 0.14% 587 $400,399 Up ×1
VOO Vanguard S&P 500 ETF $1,101,116 0.13% 1,603 $270,719 Up ×6
QQQ Invesco QQQ Trust, Series 1 $974,864 0.12% 1,324 $262,725 Up ×1
XOM Exxon Mobil Corporation Common Stock $966,200 0.12% 7,067 $-149,145 Up ×2
VTV Vanguard Morningstar Value ETF $878,694 0.11% 4,032 $-255,342 Down ×2
ET Energy Transfer LP Common Units $794,644 0.10% 41,561 $-6,832 Up ×2
VXUS Vanguard Total International Stock ETF $778,472 0.09% 9,106 Up ×1
SDY SPDR SERIES TRUST $775,069 0.09% 5,093 $31,781
DLN WisdomTree Trust $770,560 0.09% 8,000 $55,920
BND Vanguard Total Bond Market ETF $720,299 0.09% 9,812 Up ×1
IVV iShares Core S&P 500 ETF $711,972 0.09% 951 $-11,527 Down ×1
IBIO iBio, Inc. - Common Stock $708,750 0.09% 405,000 $116,900 Up ×2
XLV SELECT SECTOR SPDR TRUST $630,515 0.08% 3,974 $44,515 Down ×2
DXJ WisdomTree Trust $598,297 0.07% 3,448 $51,513
MRSH Marsh Common Stock $583,345 0.07% 3,500 $-23,730
HD Home Depot, Inc. (The) Common Stock $576,030 0.07% 1,633 $17,658 Down ×2
XLU XLU $567,838 0.07% 12,524 $-103,257 Down ×2
VIG Vanguard Div Appreciation ETF $555,222 0.07% 2,346 $269,091 Up ×2
MUB iShares Trust $540,575 0.07% 5,023 $81,689 Up ×1
IEMG iShares, Inc. $538,211 0.06% 6,497 $66,213 Down ×1
BA Boeing Company (The) Common Stock $535,980 0.06% 2,476 $52,337 Up ×1
JNK State Street SPDR Bloomberg High Yield Bond ETF $523,193 0.06% 5,429 $3,529
ORCL Oracle Corporation Common Stock $489,184 0.06% 3,338 $-3,929 Down ×3
DBJP DBX ETF Trust $487,628 0.06% 4,248 $58,491
BNDX Vanguard Total International Bond ETF $467,785 0.06% 9,659 $215,955 Up ×3
XLY XLY $455,985 0.05% 3,888 $32,271
CAC Camden National Corporation - Common Stock $446,014 0.05% 8,226 $-43,955 Down ×1
MA Mastercard Incorporated Common Stock $438,343 0.05% 853 $-24,538 Down ×2
FNDX SCHWAB STRATEGIC TRUST $436,522 0.05% 14,036 $-63,332 Down ×2
KO Coca-Cola Company (The) Common Stock $426,830 0.05% 5,252 $160,503 Up ×1
IBM International Business Machines Corporation Common Stock $425,272 0.05% 1,512 $-10,266 Down ×1
PG Procter & Gamble Company (The) Common Stock $421,957 0.05% 2,878 $181,279 Up ×1
FNDA SCHWAB STRATEGIC TRUST $412,965 0.05% 10,850 $45,392 Down ×1
VEA VANGUARD TAX-MANAGED FUNDS $410,088 0.05% 5,756 $3,652 Down ×1
WMT Walmart Inc. - Common Stock $402,753 0.05% 3,556 $-62,551 Down ×1
VHT Vanguard Health Care ETF $401,865 0.05% 1,344 $33,134 Down ×1
FLY Firefly Aerospace Inc. - Common Stock $392,461 0.05% 13,349 Up ×1
FNDF SCHWAB STRATEGIC TRUST $387,404 0.05% 7,343 $21,615 Down ×2
QQQM Invesco NASDAQ 100 ETF $382,348 0.05% 1,262 $127,619 Up ×1
AMLP ALPS ETF Trust $363,987 0.04% 7,020 $771 Up ×2
GLDM SPDR Gold MiniShares Trust $356,913 0.04% 4,494 $-59,729 Down ×1
SPSM SPDR SERIES TRUST $346,020 0.04% 6,000 $56,100
VV Vanguard Morningstar Large-Cap ETF $345,659 0.04% 1,005 $-34,205 Down ×1
OFG OFG Bancorp Common Stock $343,490 0.04% 7,000 $60,270
VB Vanguard Morningstar Small-Cap ETF $331,007 0.04% 1,092 $38,442 Down ×2
LLY Eli Lilly and Company Common Stock $321,544 0.04% 268 $48,311 Down ×2

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
AXP $38,065,398 4.58% up ×6
AMZN $26,959,054 3.24% up ×6
RCL $25,641,183 3.08% up ×3
QCOM $24,752,267 2.98% up ×6
SYK $24,244,735 2.92% up ×4
V $20,929,966 2.52% up ×6
JPST $19,241,379 2.31% up ×5
ECL $18,426,662 2.22% up ×4
MRK $17,806,079 2.14% up ×6
LIN $17,215,834 2.07% up ×4
NEE $16,635,593 2.00% up ×5
LOW $15,433,452 1.86% up ×4
TSLA $10,240,769 1.23% up ×4
SE $10,159,226 1.22% up ×6
AVGO $5,953,123 0.72% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
VXUS $778,472 9,106 0.09%
BND $720,299 9,812 0.09%
FLY $392,461 13,349 0.05%
ESCA $297,287 15,830 0.04%
CSCO $272,390 2,319 0.03%
CCJ $239,371 2,350 0.03%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AMD Trimmed -989 +$35.9M
TSM Trimmed -845 +$15.7M
APH Bought more +4K +$14.1M
CAT Trimmed -643 +$13.9M
GOOG Bought more +4K +$12.3M
QCOM Bought more +4K +$8.0M
CMI Bought more +3 +$6.3M
JPM Bought more +4K +$5.7M
AXP Bought more +4K +$5.1M
LRCX Trimmed -995 +$4.8M

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
NKE June 30, 2026 132,785 $7,013,713 -9.1%
UPS June 30, 2025 56,402 $6,203,613 0.1%
TAIT Dec. 31, 2025 215,597 $534,681 No longer tracked
TLT Sept. 30, 2025 5,461 $481,933
AZN March 31, 2026 5,034 $462,776 -13.0%
BBVA Sept. 30, 2025 30,000 $461,100 29.2%
IWV Sept. 30, 2025 1,241 $435,719
PFE June 30, 2026 12,225 $343,278 24.7%
SAN Sept. 30, 2025 40,000 $332,000 22.5%
DFUS Sept. 30, 2025 4,763 $319,194
MS March 31, 2026 1,715 $304,464 9.1%
TRUE March 31, 2026 125,000 $282,500 No longer tracked
MELI March 31, 2026 139 $279,982 4.7%
APLD Dec. 31, 2025 12,000 $275,280 -25.6%
HON June 30, 2026 1,213 $274,174 -1.2%
VO Sept. 30, 2025 914 $255,765 9.1%
ILCG June 30, 2025 3,134 $253,823 17.7%
NFLX June 30, 2026 2,578 $247,875 -7.8%
ABT March 31, 2026 1,966 $246,320 1.0%
VO June 30, 2026 830 $238,359 -0.6%
IJH June 30, 2025 4,015 $234,275 17.7%
SPDW Sept. 30, 2025 5,708 $231,117
META March 31, 2026 350 $231,032 12.3%
SCHG March 31, 2026 7,053 $230,069 24.5%
PPA June 30, 2025 1,958 $228,205
BNTX June 30, 2025 2,500 $227,650 -17.2%
IWF March 31, 2026 480 $227,184 20.0%
ZTS June 30, 2025 1,341 $220,796 -48.0%
IAU June 30, 2026 2,469 $217,667 -0.5%
BP March 31, 2026 6,027 $209,318 9.2%
DAL March 31, 2026 3,000 $208,200 15.5%
NVS June 30, 2026 1,360 $207,740 -3.6%
SCHD Sept. 30, 2025 7,731 $204,879 21.6%
CSCO March 31, 2026 2,649 $204,052 37.3%
BP June 30, 2025 6,027 $203,652 71.5%
PPA Dec. 31, 2025 1,300 $202,085
ETW Sept. 30, 2025 19,236 $166,391 3.0%