Performance vs S&P 500

03
Tracked Q1 2025–Q1 2026 +28.6%
S&P 500 total return (same window) +19.3%
Excess return +9.3%

Annualized: +28.6% · S&P 500: +19.3%

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: 98.7% · Options excluded: 0.0%

Sector breakdown

04
Financials 27.5%
Energy 24.3%
Consumer Discretionary 19.9%
Communication Services 14.8%
Industrials 12.0%
Materials 0.6%
Consumer Staples 0.5%
Technology 0.1%
Other/Unmapped 0.4%

Full portfolio 18 positions

05
Type Streak 8Q trend
NOV NOV Inc. Common Stock $94,902,695 24.13% 5,045,332 $16,044,156
LEA Lear Corporation Common Stock $78,083,523 19.85% 644,892 $4,248,348 Up ×2
CB Chubb Limited Common Stock $57,559,238 14.63% 176,600 $2,470,058 Up ×1
DIS Walt Disney Company (The) Common Stock $57,351,457 14.58% 504,100 $0
ALLY Ally Financial Inc. Common Stock $49,720,102 12.64% 1,267,400 $48,488,214 Up ×1
ARW Arrow Electronics, Inc. Common Stock $45,217,173 11.50% 315,300 $4,825,185 Down ×1
PBRA CUSIP: 71654V101 $1,745,850 0.44% 93,112 $725,442 Up ×1
BVN Buenaventura Mining Company Inc. $1,518,654 0.39% 42,138 $151,645 Down ×5
ABEV Ambev S.A. American Depositary Shares (Each representing 1 Common Share) $1,120,404 0.28% 383,700 $172,665
CX Cemex, S.A.B. de C.V. Sponsored ADR $994,091 0.25% 86,518 $0
TX Ternium S.A. Ternium S.A. American Depositary Shares (each representing ten shares, USD1.00 par value) $897,274 0.23% 23,495 $0
ALGT Allegiant Travel Company - Common Stock $839,169 0.21% 10,355 $-534,530 Down ×2
PYPL PayPal Holdings, Inc. - Common Stock $735,078 0.19% 16,252 Up ×1
ATHM Autohome Inc. American Depositary Shares, each representing four class A ordinary shares. $719,118 0.18% 41,400 $-75,564 Up ×1
OII Oceaneering International, Inc. Common Stock $690,357 0.18% 28,729 $0
INFY Infosys Limited American Depositary Shares $508,422 0.13% 37,633 $-162,198
PM Philip Morris International Inc Common Stock $433,080 0.11% 2,700 $0
TAP Molson Coors Beverage Company Class B Common Stock $310,032 0.08% 7,200 $-26,064

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
PYPL $735,078 16,252 0.19%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
NOV Price move only +0 +$16.0M
ARW Trimmed -51K +$4.8M
LEA Bought more +606 +$4.2M
CB Bought more +100 +$2.5M
PBRA Bought more +3K +$725K
ALGT Trimmed -6K -$535K
ABEV Price move only +0 +$173K
INFY Price move only +0 -$162K
BVN Trimmed -7K +$152K
ATHM Bought more +6K -$76K

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
SSNC June 30, 2025 528,700 $44,162,311 -5.2%
LUV March 31, 2026 857,300 $35,432,209 13.0%
RYAAY June 30, 2025 39,100 $1,656,667 -4.5%
CPA June 30, 2025 15,600 $1,442,376 20.5%
FMX June 30, 2025 12,200 $1,190,476 12.3%
CURI Dec. 31, 2025 207,200 $1,098,160 -23.4%
EMBJ March 31, 2026 15,631 $1,006,167 26.7%
PHI June 30, 2025 45,400 $992,898 -19.3%
C June 30, 2025 4,900 $347,851 51.0%