Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +27.1%
S&P 500 total return (same window) +37.0%
Excess return -9.9%

Annualized: +21.2% · 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: 96.5% · Options excluded: 0.0%

Sector breakdown

04
Technology 31.3%
Industrials 16.9%
Healthcare 15.5%
Retail 8.8%
Financials 8.2%
Communication Services 7.3%
Energy 2.6%
Consumer products 2.5%
Materials 2.4%
Utilities 1.0%
Consumer Discretionary 0.1%
Other/Unmapped 3.4%

Full portfolio 67 positions

05
Type Streak 8Q trend
GOOGL Alphabet Inc. - Class A Common Stock $15,923,335 6.88% 44,557 $2,531,666 Down ×3
NVDA NVIDIA Corporation - Common Stock $13,832,422 5.98% 69,131 $1,613,435 Down ×6
AMD Advanced Micro Devices, Inc. - Common Stock $12,203,175 5.27% 21,007 $7,780,201 Down ×1
AAPL Apple Inc. - Common Stock $12,070,941 5.22% 41,716 $1,097,061 Down ×6
AMAT Applied Materials, Inc. - Common Stock $10,392,402 4.49% 14,374 $5,529,072 Up ×1
ADI Analog Devices, Inc. - Common Stock $9,641,699 4.17% 24,276 $1,547,581 Down ×2
MA Mastercard Incorporated Common Stock $8,418,931 3.64% 16,392 $330,935 Up ×2
MSFT Microsoft Corporation - Common Stock $8,398,919 3.63% 22,516 $374,744 Up ×1
RTX RTX Corporation Common Stock $7,908,136 3.42% 41,681 $-389,650 Down ×5
ROK Rockwell Automation, Inc. Common Stock $7,820,283 3.38% 15,796 $2,329,419 Up ×1
JNJ Johnson & Johnson Common Stock $7,718,402 3.33% 30,391 $250,516 Down ×6
AMZN Amazon.com, Inc. - Common Stock $7,686,464 3.32% 32,250 $1,226,969 Up ×4
ADP Automatic Data Processing, Inc. - Common Stock $6,363,090 2.75% 28,413 $579,978 Down ×2
TJX TJX Companies, Inc. (The) Common Stock $6,203,318 2.68% 40,946 $-172,065 Up ×1
PG Procter & Gamble Company (The) Common Stock $5,876,011 2.54% 40,071 $108,377 Up ×1
ABT Abbott Laboratories Common Stock $5,570,528 2.41% 61,390 $-550,658 Up ×1
SBGSY CUSIP: 80687P106 $5,548,056 2.40% 85,119 $1,118,870 Up ×1
LLY Eli Lilly and Company Common Stock $5,505,384 2.38% 4,590 $1,769,278 Up ×5
ATR AptarGroup, Inc. Common Stock $4,567,797 1.97% 36,484 $-102,378 Down ×2
DHR Danaher Corporation Common Stock $4,544,091 1.96% 23,856 $43,746 Up ×1
VRTX Vertex Pharmaceuticals Incorporated - Common Stock $4,183,957 1.81% 8,423 $662,989 Up ×6
XYL Xylem Inc. Common Stock New $3,958,616 1.71% 33,488 $106,176 Up ×6
ABBV AbbVie Inc. Common Stock $3,733,583 1.61% 14,837 $484,935 Down ×4
HD Home Depot, Inc. (The) Common Stock $3,655,176 1.58% 10,364 $284,382 Up ×6
AXP American Express Company Common Stock $3,514,079 1.52% 10,389 $858,606 Up ×4
SCHW Charles Schwab Corporation (The) Common Stock $3,365,086 1.45% 36,470 $528,301 Up ×4
CNI Canadian National Railway Company Common Stock $3,277,550 1.42% 27,487 $403,382 Down ×6
XOM Exxon Mobil Corporation Common Stock $3,221,123 1.39% 23,560 $-809,998 Down ×2
JPM JP Morgan Chase & Co. Common Stock $3,151,533 1.36% 9,628 $319,361
UBER Uber Technologies, Inc. Common Stock $3,045,874 1.32% 42,210 $433,737 Up ×4
AVGO Broadcom Inc. - Common Stock $3,015,956 1.30% 7,984 $1,018,378 Up ×3
NEE NextEra Energy, Inc. Common Stock $2,403,845 1.04% 27,388 $718,723 Up ×3
CVX Chevron Corporation Common Stock $2,064,706 0.89% 12,456 $-529,199 Down ×1
WCN Waste Connections, Inc. Common Shares $1,600,724 0.69% 9,603 $1,030,885 Up ×1
AMGN Amgen Inc. - Common Stock $1,443,411 0.62% 3,986 $40,937
LOW Lowe's Companies, Inc. Common Stock $1,353,808 0.58% 6,140 $-96,951
MRK Merck & Company, Inc. Common Stock (new) $1,304,275 0.56% 10,150 $83,332
CP Canadian Pacific Kansas City Limited Common Shares $1,144,647 0.49% 13,210 $325,403 Up ×4
INTC Intel Corporation - Common Stock $1,089,114 0.47% 7,800 $727,248 Down ×3
TT Trane Technologies plc $1,080,552 0.47% 2,200 $122,050 Down ×5
CSCO Cisco Systems, Inc. - Common Stock $1,072,057 0.46% 9,127 $363,893
COST Costco Wholesale Corporation - Common Stock $1,069,243 0.46% 1,143 $-69,676
ORCL Oracle Corporation Common Stock $1,055,160 0.46% 7,200 $-4,032
EMR Emerson Electric Company Common Stock $1,050,292 0.45% 7,337 $88,998
SYK Stryker Corporation Common Stock $977,893 0.42% 3,106 $-42,708
UNP Union Pacific Corporation Common Stock $726,240 0.31% 2,670 $78,445
ECL Ecolab Inc. Common Stock $677,022 0.29% 2,430 $30,593
IWB iShares Trust $649,057 0.28% 1,585 $78,561 Down ×1
GILD Gilead Sciences, Inc. - Common Stock $644,334 0.28% 5,100 $-66,453
TXN Texas Instruments Incorporated - Common Stock $503,738 0.22% 1,690 $175,641
IR Ingersoll Rand Inc. Common Stock $483,741 0.21% 5,900 $11,033
WM Waste Management, Inc. Common Stock $443,531 0.19% 1,990 $-13,751
NSRGY CUSIP: 641069406 $441,565 0.19% 4,300 $-123,305 Down ×1
EOG EOG Resources, Inc. Common Stock $369,730 0.16% 2,850 $-42,294
WMT Walmart Inc. - Common Stock $343,178 0.15% 3,030 $-33,390
Unknown issuer (CUSIP: 316345107) $335,573 0.14% 11,608 $37,028
SPY SPY $327,832 0.14% 439 $55,340 Up ×2
OKE ONEOK, Inc. Common Stock $306,724 0.13% 3,528 $-12,172
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $300,234 0.13% 600 $12,714
Unknown issuer (CUSIP: 461418444) $280,706 0.12% 9,750 $41,146
Unknown issuer (CUSIP: 316345206) $269,171 0.12% 7,612 $51,260 Up ×1
ALLE Allegion plc Ordinary Shares $238,833 0.10% 1,700 $-8,160
IP International Paper Company Common Stock $228,600 0.10% 6,000 $14,400
IBM International Business Machines Corporation Common Stock $224,968 0.10% 800 $757 Down ×2
TD Toronto Dominion Bank (The) Common Stock $218,574 0.09% 1,800 Up ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $218,206 0.09% 525 $-634,964 Down ×3
MCD McDonald's Corporation Common Stock $201,381 0.09% 745 $-33,265 Down ×6

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
AMZN $7,686,464 3.32% up ×4
LLY $5,505,384 2.38% up ×5
VRTX $4,183,957 1.81% up ×6
XYL $3,958,616 1.71% up ×6
HD $3,655,176 1.58% up ×6
AXP $3,514,079 1.52% up ×4
SCHW $3,365,086 1.45% up ×4
UBER $3,045,874 1.32% up ×4
AVGO $3,015,956 1.30% up ×3
NEE $2,403,845 1.04% up ×3
CP $1,144,647 0.49% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
TD $218,574 1,800 0.09%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AMD Trimmed -735 +$7.8M
AMAT Bought more +145 +$5.5M
GOOGL Trimmed -2K +$2.5M
ROK Bought more +496 +$2.3M
LLY Bought more +528 +$1.8M
NVDA Trimmed -932 +$1.6M
ADI Trimmed -1K +$1.5M
AMZN Bought more +1K +$1.2M
SBGSY Bought more +4K +$1.1M
AAPL Trimmed -2K +$1.1M

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
CRM Dec. 31, 2025 8,754 $2,074,698 -11.4%
CARR June 30, 2026 21,115 $1,188,985 -24.9%
NVO Dec. 31, 2025 20,525 $1,138,933 -26.7%
BALL Sept. 30, 2025 17,830 $1,000,085 11.8%
MKC June 30, 2026 16,625 $838,565 -11.4%
FISV June 30, 2026 11,965 $667,647 -9.6%
PEP Sept. 30, 2025 3,600 $475,344 -10.4%
CHD June 30, 2026 4,861 $453,629 -2.7%
BDX Sept. 30, 2025 1,790 $308,327 20.2%
ACN June 30, 2026 1,541 $305,565 59.8%
CLX June 30, 2025 2,000 $294,500 -33.0%
HON June 30, 2026 1,115 $252,023 -4.4%
KO Dec. 31, 2025 3,716 $246,445 22.5%
RELX March 31, 2026 5,785 $233,830 0.8%
SBUX June 30, 2025 2,328 $228,353 3.4%