Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +33.8%
S&P 500 total return (same window) +37.0%
Excess return -3.2%

Annualized: +26.2% · 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: 94.6% · Options excluded: 0.0%

Sector breakdown

04
Technology 19.3%
Industrials 19.3%
Financials 13.4%
Communication Services 11.5%
Healthcare 6.2%
Retail 4.3%
Consumer Discretionary 3.2%
Energy 1.9%
Utilities 1.8%
Consumer products 1.5%
Real Estate 0.1%
Other/Unmapped 17.4%

Full portfolio 75 positions

05
Type Streak 8Q trend
SCHB SCHWAB STRATEGIC TRUST $33,646,114 9.59% 1,161,813 $4,514,062 Up ×1
AAPL Apple Inc. - Common Stock $23,694,395 6.75% 81,886 $2,809,376 Down ×3
GOOG Alphabet Inc. - Class C Capital Stock $20,775,804 5.92% 58,800 $3,810,616 Down ×3
NVDA NVIDIA Corporation - Common Stock $16,282,776 4.64% 81,377 $2,052,039 Down ×1
PH Parker-Hannifin Corporation Common Stock $14,602,354 4.16% 14,929 $1,213,144 Down ×2
GS Goldman Sachs Group, Inc. (The) Common Stock $14,032,759 4.00% 13,875 $2,280,265 Down ×2
ETN Eaton Corporation, PLC Ordinary Shares $13,669,504 3.89% 32,079 $2,230,502 Up ×6
MSFT Microsoft Corporation - Common Stock $13,632,016 3.88% 36,545 $152,645 Up ×5
JPM JP Morgan Chase & Co. Common Stock $11,175,817 3.18% 34,142 $1,174,861 Up ×6
LLY Eli Lilly and Company Common Stock $11,161,896 3.18% 9,306 $2,693,573 Up ×1
PWR Quanta Services, Inc. Common Stock $10,414,659 2.97% 14,464 $2,493,398 Up ×4
RTX RTX Corporation Common Stock $9,949,252 2.83% 52,439 $-92,351 Up ×6
META Meta Platforms, Inc. - Class A Common Stock $9,837,817 2.80% 17,465 $-90,215 Up ×2
AMZN Amazon.com, Inc. - Common Stock $9,164,889 2.61% 38,453 $1,188,356 Up ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $8,576,685 2.44% 17,140 $436,514 Up ×6
PANW Palo Alto Networks, Inc. - Common Stock $8,193,347 2.33% 24,026 $4,618,531 Up ×5
BLK BlackRock, Inc. Common Stock $7,568,439 2.16% 7,871 $83,450 Up ×6
CARR Carrier Global Corporation Common Stock $6,672,430 1.90% 90,967 $1,633,191 Up ×6
SPY SPY $5,611,977 1.60% 7,515 $748,734 Up ×1
CVX Chevron Corporation Common Stock $5,511,852 1.57% 33,252 $-1,300,124 Up ×6
PG Procter & Gamble Company (The) Common Stock $5,438,292 1.55% 37,086 $247,840 Up ×6
SBUX Starbucks Corporation - Common Stock $5,192,070 1.48% 50,808 $705,313 Up ×4
DUK Duke Energy Corporation (Holding Company) Common Stock $5,139,275 1.46% 40,601 $-58,127 Up ×6
MAR Marriott International - Class A Common Stock $5,060,407 1.44% 13,655 $669,165 Up ×6
BA Boeing Company (The) Common Stock $4,885,295 1.39% 22,568 $486,732 Up ×5
VTI Vanguard Morningstar Total Stock Market ETF $4,715,944 1.34% 12,744 $599,508 Down ×3
HD Home Depot, Inc. (The) Common Stock $4,588,015 1.31% 13,009 $582,134 Up ×6
NVS Novartis AG Common Stock $4,448,811 1.27% 28,387 $275,681 Up ×1
BWXT BWX Technologies, Inc. Common Stock $4,298,846 1.22% 22,085 Up ×1
SOFI SoFi Technologies, Inc. - Common Stock $4,111,045 1.17% 229,283 $732,003 Up ×6
DIS Walt Disney Company (The) Common Stock $3,993,798 1.14% 41,494 $217,436 Up ×2
SYK Stryker Corporation Common Stock $3,973,281 1.13% 12,620 $3,585 Up ×6
NFLX Netflix, Inc. - Common Stock $3,658,822 1.04% 51,244 $-1,150,121 Up ×3
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $3,492,787 1.00% 4,966 $426,873 Down ×3
IBM International Business Machines Corporation Common Stock $3,066,877 0.87% 10,906 $2,362,734 Up ×1
GE GE Aerospace Common Stock $2,825,399 0.81% 7,560 Up ×1
GLD SPDR Gold Shares $2,102,714 0.60% 5,708 $-355,533 Down ×2
CRM Salesforce, Inc. Common Stock $2,064,623 0.59% 13,179 $-2,593,914 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $1,972,683 0.56% 5,520 $358,896 Down ×2
MRK Merck & Company, Inc. Common Stock (new) $1,412,858 0.40% 10,995 $90,269
SCHM SCHWAB STRATEGIC TRUST $1,323,217 0.38% 35,889 $307,552 Up ×3
JEPI JPMorgan Equity Premium Income ETF $1,132,820 0.32% 20,057 $377,785 Up ×4
SCHA SCHWAB STRATEGIC TRUST $1,111,865 0.32% 30,774 $274,448 Up ×3
XOM Exxon Mobil Corporation Common Stock $1,106,298 0.32% 8,092 $-283,583 Down ×4
ED Consolidated Edison, Inc. Common Stock $1,099,663 0.31% 9,940 $-25,347
TSLA Tesla, Inc. - Common Stock $1,039,724 0.30% 2,472 $120,758
DIA State Street SPDR Dow Jones Industrial Average ETF Trust $1,026,497 0.29% 1,965 $111,696 Down ×6
WMT Walmart Inc. - Common Stock $1,022,512 0.29% 9,028 $-153,550 Down ×2
VOO Vanguard S&P 500 ETF $890,106 0.25% 1,296 $105,213 Down ×2
SGOL abrdn Physical Gold Shares ETF $838,576 0.24% 21,935 $-36,155 Up ×2
SCHF SCHWAB STRATEGIC TRUST $807,901 0.23% 29,166 $290,918 Up ×2
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $748,850 0.21% 1 $30,710
MU Micron Technology, Inc. - Common Stock $704,117 0.20% 610 $498,034
Unknown issuer (CUSIP: 84615Q103) $581,437 0.17% 3,403 Up ×1
VYMI Vanguard International High Dividend Yield ETF $551,091 0.16% 5,612 $22,250
IWO iShares Russell 2000 Growth Fund $534,604 0.15% 1,357 $108,763
SCHD SCHWAB STRATEGIC TRUST $514,594 0.15% 16,228 $149,322 Up ×3
MDXG MiMedx Group, Inc - Common Stock $477,400 0.14% 124,000 $-12,400
Unknown issuer (CUSIP: 438516205) $393,393 0.11% 1,757 Up ×1
Unknown issuer (CUSIP: 43849R105) $388,217 0.11% 1,756 Up ×1
COST Costco Wholesale Corporation - Common Stock $384,479 0.11% 411 $44,696 Up ×1
AFL AFLAC Incorporated Common Stock $357,847 0.10% 3,052 $23,012
V Visa Inc. $347,235 0.10% 1,012 $4,903 Down ×1
UNP Union Pacific Corporation Common Stock $343,269 0.10% 1,262 $28,587 Down ×2
IJR iShares Trust $319,609 0.09% 2,155 $51,720
SCHX SCHWAB STRATEGIC TRUST $308,634 0.09% 10,487 $-49,985 Down ×1
PEG Public Service Enterprise Group Incorporated Common Stock $239,341 0.07% 2,949 $619
GEV GE Vernova Inc. Common Stock $238,497 0.07% 203 Up ×1
XLK SELECT SECTOR SPDR TRUST $233,578 0.07% 1,226 Up ×1
IRM Iron Mountain Incorporated (Delaware)Common Stock REIT $227,358 0.06% 1,800
AMGN Amgen Inc. - Common Stock $221,256 0.06% 611 $6,275
BX Blackstone Inc. Common Stock $214,513 0.06% 1,823 $-4,543 Down ×3
IVV iShares Trust $206,694 0.06% 276
WPC W. P. Carey Inc. REIT $202,917 0.06% 2,838 Up ×1
SCHG SCHWAB STRATEGIC TRUST $200,720 0.06% 5,931

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
ETN $13,669,504 3.89% up ×6
MSFT $13,632,016 3.88% up ×5
JPM $11,175,817 3.18% up ×6
PWR $10,414,659 2.97% up ×4
RTX $9,949,252 2.83% up ×6
BRK-B (filed as BRKB) $8,576,685 2.44% up ×6
PANW $8,193,347 2.33% up ×5
BLK $7,568,439 2.16% up ×6
CARR $6,672,430 1.90% up ×6
CVX $5,511,852 1.57% up ×6
PG $5,438,292 1.55% up ×6
SBUX $5,192,070 1.48% up ×4
DUK $5,139,275 1.46% up ×6
MAR $5,060,407 1.44% up ×6
BA $4,885,295 1.39% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
BWXT $4,298,846 22,085 1.22%
GE $2,825,399 7,560 0.81%
Unknown issuer (CUSIP: 84615Q103) $581,437 3,403 0.17%
Unknown issuer (CUSIP: 438516205) $393,393 1,757 0.11%
Unknown issuer (CUSIP: 43849R105) $388,217 1,756 0.11%
GEV $238,497 203 0.07%
XLK $233,578 1,226 0.07%
IRM $227,358 1,800 0.06%
IVV $206,694 276 0.06%
WPC $202,917 2,838 0.06%
SCHG $200,720 5,931 0.06%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
PANW Bought more +2K +$4.6M
SCHB Bought more +1K +$4.5M
GOOG Trimmed -341 +$3.8M
AAPL Trimmed -407 +$2.8M
LLY Bought more +99 +$2.7M
CRM Trimmed -12K -$2.6M
PWR Bought more +36 +$2.5M
IBM Bought more +8K +$2.4M
GS Trimmed -17 +$2.3M
ETN Bought more +97 +$2.2M

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
MA June 30, 2026 17,703 $8,845,481 10.3%
ACN Sept. 30, 2025 19,548 $5,842,702 -21.6%
ASML March 31, 2026 5,164 $5,524,758 38.9%
PEP March 31, 2026 30,381 $4,360,282 -19.0%
ADP Dec. 31, 2025 9,556 $2,804,686 2.0%
NKE Sept. 30, 2025 32,602 $2,316,047 -50.4%
CRWD Dec. 31, 2025 2,491 $1,221,537 -40.5%
HON June 30, 2026 3,514 $794,270 -4.9%
ORCL Dec. 31, 2025 1,000 $281,240 -25.7%
PFE June 30, 2025 9,112 $230,899 13.4%
IVV June 30, 2025 385 $216,332
BR March 31, 2026 968 $216,029 -2.4%
SCHG March 31, 2026 6,431 $209,792 24.5%
CLX Dec. 31, 2025 1,663 $205,048 -17.2%
PFE June 30, 2026 7,235 $203,159 14.2%
ISRG March 31, 2026 357 $202,191 -12.2%
IRM Sept. 30, 2025 1,950 $200,012 14.3%