Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +31.8%
S&P 500 total return (same window) +37.0%
Excess return -5.2%

Annualized: +24.7% · 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: 99.6% · Options excluded: 0.0%

Sector breakdown

04
Technology 47.1%
Communication Services 15.4%
Industrials 13.0%
Healthcare 10.0%
Financials 4.6%
Consumer Discretionary 4.5%
Retail 3.9%
Consumer Staples 0.3%
Materials 0.3%
Energy 0.3%
Utilities 0.1%
Real Estate 0.0%
Other/Unmapped 0.5%

Full portfolio 170 positions

05
Type Streak 8Q trend
NVDA NVIDIA Corporation - Common Stock $206,238,994 11.67% 1,030,731 $23,295,661 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $144,962,471 8.20% 410,275 $71,013,405 Up ×6
AAPL Apple Inc. - Common Stock $103,336,260 5.85% 357,120 $-48,106,070 Down ×1
AVGO Broadcom Inc. - Common Stock $84,190,668 4.76% 222,874 $13,587,104 Down ×2
LLY Eli Lilly and Company Common Stock $76,984,229 4.36% 64,184 $16,141,443 Down ×1
MSFT Microsoft Corporation - Common Stock $57,166,092 3.23% 153,252 $-72,451,895 Down ×2
META Meta Platforms, Inc. - Class A Common Stock $56,084,538 3.17% 99,566 $-2,030,711 Down ×2
AMD Advanced Micro Devices, Inc. - Common Stock $55,727,858 3.15% 95,932 Up ×1
MU Micron Technology, Inc. - Common Stock $53,784,143 3.04% 46,595 Up ×1
TSLA Tesla, Inc. - Common Stock $51,076,823 2.89% 121,438 $16,502,958 Up ×6
KLAC KLA Corporation - Common Stock $35,911,637 2.03% 119,027 $8,726,531 Up ×6
LRCX Lam Research Corporation - Common Stock $32,525,750 1.84% 75,060 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $29,736,402 1.68% 83,209 $6,288,760 Up ×4
V Visa Inc. $28,684,389 1.62% 83,606 $2,522,797 Down ×2
AMZN Amazon.com, Inc. - Common Stock $24,494,917 1.39% 102,773 $-48,285,451 Down ×2
GEV GE Vernova Inc. Common Stock $23,130,644 1.31% 19,688 $6,381,439 Up ×2
CAT Caterpillar, Inc. Common Stock $22,102,002 1.25% 20,755 $12,439,316 Up ×1
SNDK Sandisk Corporation - Common Stock $21,286,660 1.20% 9,362 Up ×1
MA Mastercard Incorporated Common Stock $21,124,885 1.20% 41,131 $-45,709 Down ×1
HWM Howmet Aerospace Inc. Common Stock $21,071,903 1.19% 78,375 $10,244,892 Up ×4
COST Costco Wholesale Corporation - Common Stock $20,687,048 1.17% 22,114 $-1,611,063 Down ×1
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $19,550,884 1.11% 102,476 $9,438,484 Up ×6
MRVL Marvell Technology, Inc. - Common Stock $19,065,258 1.08% 64,001
VRT Vertiv Holdings, LLC Class A Common Stock $18,582,510 1.05% 55,500 $6,895,960 Up ×6
BTSG BrightSpring Health Services, Inc. - Common Stock $18,325,789 1.04% 262,773 $7,246,422 Up ×2
COHR Coherent Corp. Common Stock $16,559,062 0.94% 41,978 $6,456,099 Down ×1
PWR Quanta Services, Inc. Common Stock $15,670,231 0.89% 21,763 $2,940,104 Down ×1
NET Cloudflare, Inc. Class A Common Stock $15,208,341 0.86% 62,004 $1,698,023 Down ×1
VIAV Viavi Solutions Inc. - Common Stock $13,707,163 0.78% 287,061 $4,831,320 Up ×1
KLIC Kulicke and Soffa Industries, Inc. - Common Stock $13,548,417 0.77% 101,289 $7,919,433 Up ×1
CLS Celestica, Inc. Common Stock $12,885,101 0.73% 35,321 $-2,537,724 Down ×1
CRDO Credo Technology Group Holding Ltd - Ordinary Shares $11,879,592 0.67% 43,683 $9,191,249 Up ×1
DDOG Datadog, Inc. - Class A Common Stock $11,476,148 0.65% 44,078 $6,274,393 Up ×3
ADI Analog Devices, Inc. - Common Stock $11,244,680 0.64% 28,312 $2,153,511 Down ×1
ORLY O'Reilly Automotive, Inc. - Common Stock $10,842,585 0.61% 117,739 $-1,253,256 Down ×3
MAR Marriott International - Class A Common Stock $10,672,621 0.60% 28,799 $9,588,057 Up ×1
SYK Stryker Corporation Common Stock $10,580,513 0.60% 33,606 $-555,402 Down ×1
APP Applovin Corporation - Class A Common Stock $10,184,551 0.58% 19,767 $2,171,219 Down ×1
PLTR Palantir Technologies Inc. - Class A Common Stock $10,112,256 0.57% 86,674 $-3,058,941 Down ×1
BE Bloom Energy Corporation Class A Common Stock $9,756,324 0.55% 32,231 $5,374,171 Down ×1
SNOW Snowflake Inc. Common Stock $9,296,122 0.53% 36,527 $4,325,547 Up ×1
AXON Axon Enterprise, Inc. - Common Stock $9,213,625 0.52% 16,435 $2,185,855 Down ×1
TTWO Take-Two Interactive Software, Inc. - Common Stock $8,859,041 0.50% 35,439 $1,756,546 Down ×2
AAOI Applied Optoelectronics, Inc. - Common Stock $8,256,957 0.47% 55,730 $5,042,537 Up ×1
ISRG Intuitive Surgical, Inc. - Common Stock $7,975,075 0.45% 20,054 $-1,294,973 Down ×1
CSCO Cisco Systems, Inc. - Common Stock $7,849,852 0.44% 66,830 $7,604,357 Up ×1
SMTC Semtech Corporation - Common Stock $7,460,476 0.42% 46,095 $4,125,372 Up ×3
ECG Everus Construction Group, Inc. Common Stock $7,331,505 0.41% 44,179 $2,223,403 Up ×3
FROG JFrog Ltd. - Ordinary shares $7,330,017 0.41% 80,656 $5,916,298 Up ×2
SITM SiTime Corporation - Common Stock $6,482,644 0.37% 8,695 $2,273,173 Down ×1
DOCN DigitalOcean Holdings, Inc. Common Stock $6,341,185 0.36% 40,382 $2,951,331 Up ×2
ROAD Construction Partners, Inc. - Common Stock $5,967,242 0.34% 50,242 $497,249 Up ×2
Unknown issuer (CUSIP: 84615Q103) $5,897,745 0.33% 34,518 Up ×1
TTMI TTM Technologies, Inc. - Common Stock $5,714,396 0.32% 30,555 $2,013,605 Down ×1
TDG Transdigm Group Incorporated Common Stock $5,661,170 0.32% 4,250 $650,986 Down ×2
SNEX StoneX Group Inc. - Common Stock $5,510,250 0.31% 46,500 $1,848,256 Up ×1
DELL Dell Technologies Inc. Class C Common Stock $5,256,909 0.30% 12,184 Up ×1
TSEM Tower Semiconductor Ltd. - Ordinary Shares $5,150,768 0.29% 19,762 $4,461,834 Up ×1
PLMR Palomar Holdings, Inc. - Common stock $5,024,382 0.28% 39,753 $373,083 Up ×1
AIT Applied Industrial Technologies, Inc. Common Stock $5,005,634 0.28% 14,803 $1,147,881 Up ×2
RBC RBC Bearings Incorporated Common Stock $4,811,772 0.27% 7,471 $180,045 Down ×1
PSMT PriceSmart, Inc. - Common Stock $4,782,119 0.27% 24,481 $1,188,630 Up ×2
COCO The Vita Coco Company, Inc. - Common Stock $4,637,009 0.26% 70,109 $16,137 Down ×1
FSS Federal Signal Corporation Common Stock $4,552,144 0.26% 35,428 $792,981 Up ×2
ENSG The Ensign Group, Inc. - Common Stock $4,521,430 0.26% 28,206 $-1,414,972 Down ×1
VICR Vicor Corporation - Common Stock $4,514,445 0.26% 11,887 Up ×1
MOD Modine Manufacturing Company Common Stock $4,490,208 0.25% 16,816 $922,078 Up ×1
GOLF Acushnet Holdings Corp. Common Stock $4,374,587 0.25% 36,907 $987,152 Up ×2
SXT Sensient Technologies Corporation Common Stock $4,226,011 0.24% 34,277 $1,347,732 Up ×3
OSW OneSpaWorld Holdings Limited - Common Shares $4,157,013 0.24% 147,203 $1,140,694 Up ×2
KTB Kontoor Brands, Inc. Common Stock $4,067,992 0.23% 48,812 Up ×1
CON Concentra Group Holdings Parent, Inc. Common Stock $4,047,636 0.23% 136,055 Up ×1
ABCB Ameris Bancorp Common Stock $4,039,767 0.23% 44,757 $681,362 Up ×2
GBCI Glacier Bancorp, Inc. Common Stock $3,937,978 0.22% 76,347 $662,148 Up ×2
OSIS OSI Systems, Inc. - Common Stock $3,849,120 0.22% 17,600 $249,070 Up ×2
IDCC InterDigital, Inc. - Common Stock $3,772,990 0.21% 13,326 $1,290,852 Up ×3
CRWV CoreWeave, Inc. - Class A Common Stock $3,645,453 0.21% 36,623 $811,600 Up ×2
CWST Casella Waste Systems, Inc. - Class A Common Stock $3,614,751 0.20% 37,277 $714,636 Up ×2
AXSM Axsome Therapeutics, Inc. - Common Stock $3,578,293 0.20% 14,619 $1,176,181 Up ×2
HOOD Robinhood Markets, Inc. - Class A Common Stock $3,444,217 0.19% 34,346 $1,087,532 Up ×2
HALO Halozyme Therapeutics, Inc. - Common Stock $3,405,919 0.19% 43,515 $809,732 Up ×2
URGN UroGen Pharma Ltd. - Ordinary Shares $3,260,149 0.18% 88,591 $1,706,623 Up ×2
CORT Corcept Therapeutics Incorporated - Common Stock $2,971,255 0.17% 34,172 $1,968,745 Up ×2
TVTX Travere Therapeutics, Inc. - Common Stock $2,967,414 0.17% 52,234 $967,248 Down ×1
IRMD iRadimed Corporation - Common Stock $2,883,236 0.16% 30,172 $50,400 Up ×1
POWL Powell Industries, Inc. - Common Stock $2,876,486 0.16% 10,045 $1,160,721 Up ×1
BBIO BridgeBio Pharma, Inc. - Common Stock $2,844,391 0.16% 38,190 $30,531 Up ×3
AIR AAR Corp. Common Stock $2,831,443 0.16% 19,810 $717,333 Up ×2
SAIA Saia, Inc. - Common Stock $2,819,245 0.16% 6,694 $514,497 Up ×2
FCFS FirstCash Holdings, Inc. - Common Stock $2,816,919 0.16% 13,022 $431,011 Up ×2
MWA MUELLER WATER PRODUCTS Common Stock $2,797,544 0.16% 108,306 $-122,141 Up ×2
CYTK Cytokinetics, Incorporated - Common Stock $2,770,208 0.16% 32,518 $1,722,107 Up ×2
LMAT LeMaitre Vascular, Inc. - Common Stock $2,684,001 0.15% 27,970 $595,579 Up ×2
MIRM Mirum Pharmaceuticals, Inc. - common stock $2,623,305 0.15% 22,408 $1,005,454 Up ×2
OLLI Ollie's Bargain Outlet Holdings, Inc. - Common Stock $2,605,156 0.15% 33,886 $-1,032,357 Down ×1
ARWR Arrowhead Pharmaceuticals, Inc. - Common Stock $2,600,984 0.15% 31,910 $650,136 Up ×2
UFPT UFP Technologies, Inc. - Common Stock $2,474,989 0.14% 9,335 $709,163 Up ×2
DAVE Dave Inc. - Class A Common Stock $2,380,478 0.13% 6,389 Up ×1
TATT TAT Technologies Ltd. - Ordinary Shares $2,329,268 0.13% 48,295 $1,108,743 Up ×2
XENE Xenon Pharmaceuticals Inc. - Common Shares $2,327,421 0.13% 38,559 Up ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
GOOG $144,962,471 8.20% up ×6
TSLA $51,076,823 2.89% up ×6
KLAC $35,911,637 2.03% up ×6
GOOGL $29,736,402 1.68% up ×4
HWM $21,071,903 1.19% up ×4
CRWD $19,550,884 1.11% up ×6
VRT $18,582,510 1.05% up ×6
DDOG $11,476,148 0.65% up ×3
SMTC $7,460,476 0.42% up ×3
ECG $7,331,505 0.41% up ×3
SXT $4,226,011 0.24% up ×3
IDCC $3,772,990 0.21% up ×3
BBIO $2,844,391 0.16% up ×3
RDNT $2,177,444 0.12% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
AMD $55,727,858 95,932 3.15%
MU $53,784,143 46,595 3.04%
LRCX $32,525,750 75,060 1.84%
SNDK $21,286,660 9,362 1.20%
MRVL $19,065,258 64,001 1.08%
Unknown issuer (CUSIP: 84615Q103) $5,897,745 34,518 0.33%
DELL $5,256,909 12,184 0.30%
VICR $4,514,445 11,887 0.26%
KTB $4,067,992 48,812 0.23%
CON $4,047,636 136,055 0.23%
DAVE $2,380,478 6,389 0.13%
XENE $2,327,421 38,559 0.13%
QBTS $2,131,655 88,856 0.12%
CSV $1,931,608 50,381 0.11%
PVLA $1,839,647 12,038 0.10%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
MSFT Trimmed -197K -$72.5M
GOOG Bought more +152K +$71.0M
AMZN Trimmed -247K -$48.3M
AAPL Trimmed -240K -$48.1M
NVDA Trimmed -18K +$23.3M
TSLA Bought more +28K +$16.5M
LLY Trimmed -2K +$16.1M
AVGO Trimmed -5K +$13.6M
CAT Bought more +7K +$12.4M
HWM Bought more +31K +$10.2M

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
UNH June 30, 2025 44,071 $23,082,186 34.0%
ORCL June 30, 2026 116,407 $17,124,634 -13.9%
TMUS Dec. 31, 2025 63,366 $15,168,553 -27.8%
ECL June 30, 2026 56,475 $15,023,479 3.6%
UBER June 30, 2026 143,494 $10,321,523 -7.6%
ANET Dec. 31, 2025 68,839 $10,030,531 31.6%
VRSK March 31, 2026 41,194 $9,214,686 3.2%
NOW March 31, 2026 59,795 $9,159,996 52.0%
ICE Dec. 31, 2025 47,620 $8,023,018 0.5%
IWO March 31, 2026 24,820 $8,017,108
CYBR March 31, 2026 17,937 $8,000,978 No longer tracked
FTNT Sept. 30, 2025 73,042 $7,722,000 114.1%
INTU June 30, 2026 17,129 $7,406,237 31.6%
EXLS June 30, 2026 240,178 $7,313,420 63.6%
RDDT March 31, 2026 30,807 $7,081,605 7.1%
URI March 31, 2026 8,657 $7,006,283 50.8%
MRSH Dec. 31, 2025 32,841 $6,618,447 6.4%
SHOP June 30, 2026 44,332 $5,258,662 47.7%
EOG Dec. 31, 2025 45,034 $5,049,212 55.3%
TEAM Dec. 31, 2025 20,577 $3,286,147 40.4%
ZS June 30, 2026 21,089 $2,958,576 80.8%
LOPE March 31, 2026 16,578 $2,757,087 -4.2%
MIDD Dec. 31, 2025 19,263 $2,560,631
HRI Sept. 30, 2025 18,346 $2,415,985 9.8%
NOMD Sept. 30, 2025 133,425 $2,266,891 -8.7%
QTWO March 31, 2026 31,324 $2,260,340 46.7%
MRVL June 30, 2025 36,591 $2,252,908 195.2%
CWAN June 30, 2026 95,087 $2,248,808 No longer tracked
AZEK Sept. 30, 2025 40,620 $2,207,697 No longer tracked
VRNS Dec. 31, 2025 34,787 $1,999,209 49.0%
EPAM June 30, 2026 14,726 $1,993,900 71.7%
INSP Dec. 31, 2025 24,261 $1,800,166 -22.9%
BPMC Sept. 30, 2025 13,808 $1,769,909 No longer tracked
EXPE March 31, 2026 6,198 $1,755,955 25.2%
CVLT March 31, 2026 13,322 $1,670,046 117.4%
AVAV June 30, 2026 8,687 $1,590,155 -25.3%
TYL Sept. 30, 2025 2,403 $1,424,595 -25.4%
WAY June 30, 2026 58,466 $1,409,615 40.5%
GTLB Dec. 31, 2025 30,992 $1,397,119 50.0%
KVYO Dec. 31, 2025 48,566 $1,344,793 -35.0%
AGI June 30, 2026 29,199 $1,297,312 -1.3%
GH June 30, 2026 13,722 $1,267,501 12.7%
TSCO June 30, 2026 26,382 $1,195,105 5.7%
GDYN Sept. 30, 2025 98,424 $1,136,797 12.2%
BMI March 31, 2026 6,405 $1,117,096 -0.7%
TREX Dec. 31, 2025 21,530 $1,112,455 43.6%
GWRE March 31, 2026 4,998 $1,004,648 26.4%
PRCT Dec. 31, 2025 27,820 $992,896 -36.6%
LNTH Dec. 31, 2025 19,192 $984,358 50.0%
EXAS March 31, 2026 9,648 $979,851 No longer tracked
NOG June 30, 2025 30,642 $926,308 -0.3%
IONQ June 30, 2026 31,786 $916,390 -41.3%
VRTX June 30, 2026 2,009 $897,099 5.5%
WSO Sept. 30, 2025 1,908 $842,611 -20.1%
PSIX June 30, 2026 13,307 $810,130 17.3%
BRBR June 30, 2026 47,472 $763,824 -26.2%
CTGO June 30, 2026 39,646 $743,363 No longer tracked
QCOM Sept. 30, 2025 4,642 $739,352 5.7%
GEHC Sept. 30, 2025 9,205 $681,814 -4.9%
CELH Dec. 31, 2025 10,594 $609,049 -37.8%
KNSL June 30, 2026 1,761 $601,663 10.5%
IWF Sept. 30, 2025 1,337 $567,663 9.2%
WAT Sept. 30, 2025 1,610 $561,954 51.3%
CRM Sept. 30, 2025 1,960 $534,472 4.9%
DECK Sept. 30, 2025 5,054 $520,916 -20.0%
MNDY Dec. 31, 2025 2,638 $510,954 -27.8%
CVNA June 30, 2026 1,596 $501,750 -12.2%
MTD June 30, 2025 380 $448,746 42.2%
COIN March 31, 2026 1,978 $447,305 -5.8%
HUBS June 30, 2025 732 $418,184 -51.3%
CMG Dec. 31, 2025 10,145 $397,583 -25.6%
IOT Dec. 31, 2025 10,288 $383,228 26.7%
FICO Sept. 30, 2025 202 $369,248 -45.5%
DHR Sept. 30, 2025 1,806 $356,773 16.3%
RMBS March 31, 2026 3,828 $351,755 -0.4%
PSTG March 31, 2026 4,879 $326,942 No longer tracked
AJG June 30, 2026 1,309 $283,503 16.8%
TTEK Dec. 31, 2025 8,215 $274,217 10.3%
WMT June 30, 2026 2,135 $265,338 5.9%
CME June 30, 2026 880 $259,908 38.4%
TJX June 30, 2026 1,606 $256,478 -4.3%
IWO June 30, 2025 974 $248,886
HON Dec. 31, 2025 1,167 $245,654
VEEV March 31, 2026 1,088 $242,874 83.9%
FAST June 30, 2026 5,145 $238,728 8.1%
TTD Sept. 30, 2025 3,299 $237,495 -73.5%
LIN Dec. 31, 2025 483 $229,425 19.3%
KO June 30, 2026 2,958 $224,956 14.1%
KR June 30, 2026 3,083 $223,086 20.2%
EQIX June 30, 2026 224 $219,574 -8.4%
EQIX Dec. 31, 2025 274 $214,608 24.7%
TW Sept. 30, 2025 1,418 $207,595 10.4%
HON June 30, 2026 909 $205,461 -1.2%
BX June 30, 2026 1,744 $200,543 0.3%