Performance vs S&P 500

03
Tracked Q2 2025–Q2 2026 +5.9%
S&P 500 total return (same window) +21.7%
Excess return -15.7%

Annualized: +5.9% · S&P 500: +21.7%

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: 100.0% · Options excluded: 0.0%

Sector breakdown

04
Financials 29.4%
Communication Services 14.0%
Industrials 12.9%
Technology 11.9%
Real Estate 10.9%
Retail 10.5%
Consumer Discretionary 9.6%
Other/Unmapped 0.8%

Full portfolio 14 positions

05
Type Streak 8Q trend
UBER Uber Technologies, Inc. Common Stock $2,476,978,592 12.72% 34,326,200 Up ×1
BN Brookfield Corporation Class A Limited Voting Shares $2,448,117,792 12.58% 57,481,047 Up ×1
MSFT Microsoft Corporation - Common Stock $2,315,234,425 11.89% 6,206,730 Up ×1
AMZN Amazon.com, Inc. - Common Stock $2,041,109,677 10.49% 8,563,857 Up ×1
HHH Howard Hughes Holdings Inc. Common Stock $1,991,144,055 10.23% 27,852,064 $1,421,804,055 Up ×1
QSR Restaurant Brands International Inc. Common Shares $1,872,301,303 9.62% 25,821,284 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $1,800,309,764 9.25% 3,196,062 Up ×1
V Visa Inc. $1,122,065,552 5.76% 3,270,470 Up ×1
MA Mastercard Incorporated Common Stock $1,091,218,186 5.61% 2,124,646 Up ×1
SPGI S&P Global Inc. Common Stock $1,056,088,305 5.43% 2,593,155 Up ×1
NFLX Netflix, Inc. - Common Stock $934,016,601 4.80% 13,081,465 Up ×1
Unknown issuer (CUSIP: 71531T105) $149,520,000 0.77% 4,000,000 Up ×1
SEG Seaport Entertainment Group Inc. Common Stock $133,632,548 0.69% 5,023,780 Up ×1
HTZ Hertz Global Holdings, Inc - Common Stock $33,955,972 0.17% 14,991,599 Up ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
UBER $2,476,978,592 34,326,200 12.72%
BN $2,448,117,792 57,481,047 12.58%
MSFT $2,315,234,425 6,206,730 11.89%
AMZN $2,041,109,677 8,563,857 10.49%
QSR $1,872,301,303 25,821,284 9.62%
META $1,800,309,764 3,196,062 9.25%
V $1,122,065,552 3,270,470 5.76%
MA $1,091,218,186 2,124,646 5.61%
SPGI $1,056,088,305 2,593,155 5.43%
NFLX $934,016,601 13,081,465 4.80%
Unknown issuer (CUSIP: 71531T105) $149,520,000 4,000,000 0.77%
SEG $133,632,548 5,023,780 0.69%
HTZ $33,955,972 14,991,599 0.17%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
HHH Bought more +18.9M +$1.4B