Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +34.4%
S&P 500 total return (same window) +37.0%
Excess return -2.6%

Annualized: +26.7% · 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: 97.9% · Options excluded: 0.1%

Sector breakdown

04
Technology 48.6%
Financials 11.8%
Healthcare 11.3%
Industrials 9.9%
Communication Services 5.0%
Consumer Discretionary 3.0%
Retail 2.5%
Other/Unmapped 7.9%

Full portfolio 45 positions

05
Type Streak 8Q trend
NVDA NVIDIA Corporation - Common Stock $22,948,722 7.65% 114,692 $3,881,744 Up ×1
ADBE Adobe Inc. - Common Stock $21,816,793 7.28% 106,413 $8,994,080 Up ×2
TSM Taiwan Semiconductor Manufacturing Company Ltd. $19,790,501 6.60% 41,440 $11,078,150 Up ×1
ZTS Zoetis Inc. Class A Common Stock $18,079,329 6.03% 251,591
MSFT Microsoft Corporation - Common Stock $13,383,958 4.46% 35,880 $-1,003,810 Down ×1
FTNT Fortinet, Inc. - Common Stock $13,309,790 4.44% 86,641 $1,560,007 Down ×2
IDXX IDEXX Laboratories, Inc. - Common Stock $13,229,437 4.41% 25,130 $9,914,286 Up ×1
APP Applovin Corporation - Class A Common Stock $13,153,822 4.39% 25,530 Up ×1
INTU Intuit Inc. - Common Stock $11,983,554 4.00% 45,914 $8,009,982 Up ×2
ROL Rollins, Inc. Common Stock $10,513,262 3.51% 251,875 $8,537,092 Up ×1
APH Amphenol Corporation Common Stock $10,313,133 3.44% 58,491 $-5,129,111 Down ×1
MA Mastercard Incorporated Common Stock $9,734,774 3.25% 18,954 $-6,026,001 Down ×1
MSCI MSCI Inc. Common Stock $9,526,840 3.18% 17,011 $5,252,491 Up ×1
FLOT iShares Trust $7,561,832 2.52% 148,126 $5,522,507 Up ×1
CBOE Cboe Global Markets, Inc. Common Stock $7,291,505 2.43% 30,047 Up ×1
AVGO Broadcom Inc. - Common Stock $6,383,220 2.13% 16,898 $1,740,570 Up ×1
TW Tradeweb Markets Inc. - Class A Common Stock $4,932,273 1.64% 49,491 $-3,259,099 Down ×1
NFLX Netflix, Inc. - Common Stock $4,382,532 1.46% 61,380 Up ×1
QQQ Invesco QQQ Trust, Series 1 $4,081,129 1.36% 5,542 $3,071,064 Up ×1
BRO Brown & Brown, Inc. Common Stock $3,768,107 1.26% 58,739 Up ×1
ORLY O'Reilly Automotive, Inc. - Common Stock $3,763,350 1.26% 40,866 $2,663,753 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $3,752,925 1.25% 7,500 $2,746,605 Up ×1
AZO AutoZone, Inc. Common Stock $3,688,115 1.23% 1,154 $2,644,381 Up ×1
MCO Moody's Corporation Common Stock $3,591,656 1.20% 7,930 $2,444,318 Up ×1
VRSK Verisk Analytics, Inc. - Common Stock $3,590,600 1.20% 20,000 $2,565,950 Up ×1
AAPL Apple Inc. - Common Stock $3,581,119 1.19% 12,376 $2,394,397 Up ×1
ACN Accenture plc Class A Ordinary Shares (Ireland) $3,578,023 1.19% 28,753
DECK Deckers Outdoor Corporation Common Stock $3,574,440 1.19% 36,000
DPZ Domino's Pizza Inc - Common Stock $3,085,625 1.03% 10,423 $215,305 Up ×2
FICO Fair Isaac Corporation Common Stock $3,061,026 1.02% 2,562 $-2,436,805 Down ×1
VRSN VeriSign, Inc. - Common Stock $2,968,408 0.99% 11,800 $1,950,132 Up ×1
ANET Arista Networks, Inc. Common Stock $2,888,300 0.96% 17,002 $-7,216,494 Down ×1
ADP Automatic Data Processing, Inc. - Common Stock $2,819,754 0.94% 12,591 $-513,820 Down ×3
VFLO VictoryShares Free Cash Flow ETF $2,752,960 0.92% 60,174 $1,889,374 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $2,699,286 0.90% 4,792
MEDP Medpace Holdings, Inc. - Common Stock $2,650,598 0.88% 5,005
SNDK Sandisk Corporation - Common Stock $2,519,293 0.84% 1,108 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $2,483,364 0.83% 6,949 $-783,030 Down ×5
BKNG Booking Holdings Inc. - Common Stock $2,455,256 0.82% 13,775 $-1,498,234 Up ×1
MU Micron Technology, Inc. - Common Stock $2,444,786 0.82% 2,118 Up ×1
LITE Lumentum Holdings Inc. - Common Stock $2,444,613 0.82% 2,849 Up ×1
WDC Western Digital Corporation - Common Stock $2,444,381 0.82% 3,827 Up ×1
INTC Intel Corporation - Common Stock $2,437,940 0.81% 17,460 Up ×1
EXLS ExlService Holdings, Inc. - Common Stock $2,349,303 0.78% 90,847 Up ×1
BIL SPDR SERIES TRUST $2,025,794 0.68% 22,106 $0

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
ZTS $18,079,329 251,591 6.03%
APP $13,153,822 25,530 4.39%
CBOE $7,291,505 30,047 2.43%
NFLX $4,382,532 61,380 1.46%
BRO $3,768,107 58,739 1.26%
ACN $3,578,023 28,753 1.19%
DECK $3,574,440 36,000 1.19%
META $2,699,286 4,792 0.90%
MEDP $2,650,598 5,005 0.88%
SNDK $2,519,293 1,108 0.84%
MU $2,444,786 2,118 0.82%
LITE $2,444,613 2,849 0.82%
WDC $2,444,381 3,827 0.82%
INTC $2,437,940 17,460 0.81%
EXLS $2,349,303 90,847 0.78%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
TSM Bought more +16K +$11.1M
IDXX Bought more +19K +$9.9M
ADBE Bought more +54K +$9.0M
INTU Bought more +37K +$8.0M
ANET Trimmed -65K -$7.2M
MA Trimmed -13K -$6.0M
FLOT Bought more +108K +$5.5M
MSCI Bought more +9K +$5.3M
APH Trimmed -64K -$5.1M
NVDA Bought more +5K +$3.9M

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
AVGO June 30, 2025 73,500 $12,306,105 28.8%
MEDP Dec. 31, 2025 18,712 $9,620,962 6.7%
RMD June 30, 2026 36,430 $8,177,806 12.3%
NKE June 30, 2025 125,000 $7,935,000 -52.3%
PYPL March 31, 2026 118,718 $6,930,757 16.7%
ZTS March 31, 2026 52,316 $6,582,399 -41.0%
META Dec. 31, 2025 6,945 $5,100,269 10.3%
MTD June 30, 2025 3,820 $4,511,076 26.5%
ANET Sept. 30, 2025 43,000 $4,399,330 42.3%
LLY June 30, 2025 4,990 $4,121,291 46.6%
LRCX June 30, 2025 56,000 $4,071,200 257.0%
CPRT Dec. 31, 2025 90,275 $4,059,667 -30.5%
QLYS June 30, 2025 30,455 $3,835,198 35.1%
FDS March 31, 2026 13,000 $3,772,470 22.6%
PYPL Sept. 30, 2025 48,100 $3,574,792 -21.3%
QLYS June 30, 2026 40,644 $3,570,575 40.4%
ACN Dec. 31, 2025 14,250 $3,514,050 -25.9%
FISV Dec. 31, 2025 26,500 $3,416,645 -34.0%
IDXX Sept. 30, 2025 6,223 $3,337,644 -18.9%
XP March 31, 2026 200,000 $3,274,000 12.9%
RMD June 30, 2025 14,050 $3,145,092 -15.2%
LULU Sept. 30, 2025 13,000 $3,088,540 -46.9%
V June 30, 2026 9,800 $2,961,952 5.1%
JKHY Dec. 31, 2025 19,800 $2,948,814 -21.9%
COKE March 31, 2026 19,000 $2,912,700 0.2%
MANH March 31, 2026 16,500 $2,859,615 53.4%
TXN March 31, 2026 16,400 $2,845,236 51.3%
PAYX March 31, 2026 25,300 $2,838,154 7.4%
CALM March 31, 2026 35,484 $2,823,462 -15.8%
KLAC March 31, 2026 2,300 $2,794,684 -85.9%
MTD March 31, 2026 2,000 $2,788,380 17.8%
DECK Dec. 31, 2025 20,500 $2,078,085 -23.7%
AMGN Sept. 30, 2025 6,600 $1,842,786 42.8%
AXP March 31, 2026 3,900 $1,442,805 0.1%
MELI June 30, 2025 680 $1,326,592 -35.1%
APH June 30, 2025 19,000 $1,246,210 -11.9%
CHKP June 30, 2026 7,144 $1,020,520 -0.8%