Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +34.3%
S&P 500 total return (same window) +37.0%
Excess return -2.7%

Annualized: +26.6% · 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: 91.8% · Options excluded: 0.0%

Sector breakdown

04
Technology 35.5%
Communication Services 14.4%
Industrials 13.7%
Healthcare 12.4%
Retail 10.7%
Financials 5.9%
Consumer products 2.1%
Utilities 0.8%
Energy 0.3%
Consumer Discretionary 0.2%
Real Estate 0.1%
Materials 0.1%
Other/Unmapped 3.9%

Full portfolio 68 positions

05
Type Streak 8Q trend
NVDA NVIDIA Corporation - Common Stock $63,034,953 9.51% 315,033 $7,397,865 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $45,998,266 6.94% 130,185
AVGO Broadcom Inc. - Common Stock $39,166,631 5.91% 103,684 $4,174,668 Down ×2
ORLY O'Reilly Automotive, Inc. - Common Stock $37,141,094 5.60% 403,313 $17,167,056 Up ×5
LLY Eli Lilly and Company Common Stock $35,222,461 5.31% 29,366 $9,572,835 Up ×1
AMZN Amazon.com, Inc. - Common Stock $33,418,843 5.04% 140,215 $3,491,277 Down ×4
MSFT Microsoft Corporation - Common Stock $33,032,040 4.98% 88,553 $3,033,833 Up ×1
MCK McKesson Corporation Common Stock $31,969,436 4.82% 42,310 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $30,615,102 4.62% 64,106 $8,806,851 Down ×2
AAPL Apple Inc. - Common Stock $24,760,984 3.73% 85,572 $-1,193,244 Down ×2
CAT Caterpillar, Inc. Common Stock $24,691,836 3.72% 23,187 $6,709,704 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $22,859,998 3.45% 40,583 $-4,177,721 Down ×2
V Visa Inc. $21,930,656 3.31% 63,921 $7,535,267 Up ×1
CRS Carpenter Technology Corporation Common Stock $21,746,077 3.28% 35,254 $13,321,121 Up ×1
MU Micron Technology, Inc. - Common Stock $16,319,352 2.46% 14,138 $7,107,469 Down ×2
GEV GE Vernova Inc. Common Stock $15,415,338 2.33% 13,121 $2,334,931 Down ×2
AMD Advanced Micro Devices, Inc. - Common Stock $14,315,946 2.16% 24,644 $3,575,452 Down ×1
DHI D.R. Horton, Inc. Common Stock $13,621,654 2.05% 83,630 $1,667,185 Down ×2
UBER Uber Technologies, Inc. Common Stock $12,685,223 1.91% 175,793 $-1,363,353 Down ×1
NFLX Netflix, Inc. - Common Stock $11,719,596 1.77% 164,140 $-5,102,808 Down ×1
ABBV AbbVie Inc. Common Stock $11,142,368 1.68% 44,279 $-850,901 Down ×1
TMUS T-Mobile US, Inc. - Common Stock $10,922,578 1.65% 65,120 $-5,350,336 Down ×4
GLW Corning Incorporated Common Stock $6,924,963 1.04% 27,111 $3,245,615 Up ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $6,583,131 0.99% 13,156 $43,009 Down ×6
APP Applovin Corporation - Class A Common Stock $6,239,951 0.94% 12,111 $-5,374,087 Down ×1
HWM Howmet Aerospace Inc. Common Stock $5,962,777 0.90% 22,178 $-573,299 Down ×4
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund $5,822,333 0.88% 219,545 Up ×1
VCIT Vanguard Intermediate-Term Corporate Bond ETF $5,816,990 0.88% 70,381 Up ×1
JPIE J.P. Morgan Exchange-Traded Fund Trust $5,814,273 0.88% 126,260 Up ×1
JPM JP Morgan Chase & Co. Common Stock $5,770,501 0.87% 17,629 $1,109,536 Up ×2
VST Vistra Corp. Common Stock $5,628,034 0.85% 35,479 $-3,149,133 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $4,160,859 0.63% 11,643 $812,798
NOW ServiceNow, Inc. Common Stock $3,540,424 0.53% 35,661
COHR Coherent Corp. Common Stock $3,267,789 0.49% 8,284 Up ×1
GLD SPDR Gold Shares $3,103,233 0.47% 8,424 $-432,030 Up ×1
ARES Ares Management Corporation Class A Common Stock $2,935,133 0.44% 26,369 $-2,615,657 Down ×2
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $2,275,683 0.34% 2,982 $948,289 Down ×6
RPRX Royalty Pharma plc - Class A Ordinary Shares $2,142,323 0.32% 38,208 $309,485
BND Vanguard Total Bond Market ETF $1,939,419 0.29% 26,419 Up ×1
EPD Enterprise Products Partners L.P. Common Stock $1,405,739 0.21% 38,241 $-41,300
GAM General American Investors, Inc. Common Stock $1,045,181 0.16% 16,395 $86,565
XLE SELECT SECTOR SPDR TRUST $756,552 0.11% 14,245 Up ×1
HQY HealthEquity, Inc. - Common Stock $745,050 0.11% 8,249 $-314,283 Down ×6
LRCX Lam Research Corporation - Common Stock $741,428 0.11% 1,711 Up ×1
MA Mastercard Incorporated Common Stock $658,435 0.10% 1,282 $-94,553 Down ×1
HOOD Robinhood Markets, Inc. - Class A Common Stock $522,459 0.08% 5,210 Up ×1
XOM Exxon Mobil Corporation Common Stock $520,083 0.08% 3,804 $-121,571 Up ×2
EQIX Equinix, Inc. - Common Stock $464,906 0.07% 446 $27,719
CLDX Celldex Therapeutics, Inc. - Common Stock $429,292 0.06% 11,537 $63,338
MDLN Medline Inc. - Class A common stock $416,762 0.06% 10,567 Up ×1
AOSL Alpha and Omega Semiconductor Limited - Common Shares $393,028 0.06% 8,304
VOO VANGUARD INDEX FUNDS $389,781 0.06% 568 $65,516 Up ×2
NU Nu Holdings Ltd. Class A Ordinary Shares $388,255 0.06% 29,061 Up ×1
CMG Chipotle Mexican Grill, Inc. Common Stock $381,854 0.06% 11,231
ISRG Intuitive Surgical, Inc. - Common Stock $359,105 0.05% 903 Up ×1
JNJ Johnson & Johnson Common Stock $357,336 0.05% 1,407 $18,542 Up ×2
LIN Linde plc - Ordinary Shares $352,879 0.05% 680 Up ×1
SNDK Sandisk Corporation - Common Stock $352,428 0.05% 155 $-71,979 Down ×1
COST Costco Wholesale Corporation - Common Stock $342,382 0.05% 366 $-22,311
Unknown issuer (CUSIP: 89157W863) $318,409 0.05% 12,052 $36,922
DELL Dell Technologies Inc. Class C Common Stock $309,357 0.05% 717 Up ×1
MCD McDonald's Corporation Common Stock $299,774 0.05% 1,109 $-42,095 Up ×1
GM General Motors Company Common Stock $276,409 0.04% 3,586
BKNG Booking Holdings Inc. - Common Stock $267,360 0.04% 1,500 $-2,852,487 Up ×1
ICVT iShares Trust $238,976 0.04% 1,963
PLTR Palantir Technologies Inc. - Class A Common Stock $225,523 0.03% 1,933 Up ×1
DE Deere & Company Common Stock $208,695 0.03% 329 Up ×1
PGEN Precigen, Inc. - Common Stock $171,000 0.03% 30,000 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
ORLY $37,141,094 5.60% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
GOOG $45,998,266 130,185 6.94%
MCK $31,969,436 42,310 4.82%
PYLD $5,822,333 219,545 0.88%
VCIT $5,816,990 70,381 0.88%
JPIE $5,814,273 126,260 0.88%
NOW $3,540,424 35,661 0.53%
COHR $3,267,789 8,284 0.49%
BND $1,939,419 26,419 0.29%
XLE $756,552 14,245 0.11%
LRCX $741,428 1,711 0.11%
HOOD $522,459 5,210 0.08%
MDLN $416,762 10,567 0.06%
AOSL $393,028 8,304 0.06%
NU $388,255 29,061 0.06%
CMG $381,854 11,231 0.06%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
ORLY Bought more +187K +$17.2M
CRS Bought more +14K +$13.3M
LLY Bought more +1K +$9.6M
TSM Trimmed -425 +$8.8M
V Bought more +16K +$7.5M
NVDA Trimmed -4K +$7.4M
MU Trimmed -13K +$7.1M
CAT Trimmed -2K +$6.7M
APP Trimmed -17K -$5.4M
TMUS Trimmed -12K -$5.4M

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
GOOG June 30, 2025 141,959 $22,178,255 91.9%
INTU March 31, 2026 22,042 $14,601,062 -35.0%
UNH June 30, 2025 25,697 $13,458,804 19.2%
MELI Dec. 31, 2025 5,592 $13,068,168 -15.8%
APO Dec. 31, 2025 76,763 $10,230,205 -21.2%
PGR Dec. 31, 2025 41,214 $10,177,797 -7.6%
DHI June 30, 2025 74,748 $9,502,713 4.7%
NOW Dec. 31, 2025 8,518 $7,838,945 -12.3%
GLD Sept. 30, 2025 22,787 $6,946,161
CMG June 30, 2025 136,194 $6,838,301 -42.4%
LNG Dec. 31, 2025 26,187 $6,153,421 38.9%
MSCI June 30, 2025 8,713 $4,927,202 -7.1%
RKLB June 30, 2026 58,724 $3,771,255 -27.3%
IBN March 31, 2026 100,596 $2,997,761 5.9%
TEM June 30, 2026 50,401 $2,279,133 32.3%
ICVT Sept. 30, 2025 17,614 $1,587,021
AL June 30, 2026 16,416 $1,066,055 No longer tracked
JNJ June 30, 2025 2,369 $392,875 67.6%
MDGL Sept. 30, 2025 855 $258,757 8.9%
ADP March 31, 2026 906 $233,050 26.8%
AOSL Dec. 31, 2025 8,304 $232,180 52.7%
FIVE June 30, 2026 1,000 $228,480 23.0%
GM March 31, 2026 2,741 $222,898 5.1%
AZN June 30, 2026 1,032 $203,531 -17.3%
INZY June 30, 2025 219,326 $199,587 No longer tracked
CBUS Sept. 30, 2025 12,993 $17,930 32.6%
INAB June 30, 2025 33,756 $5,604 -33.0%