Performance vs S&P 500

03
Tracked Q3 2025–Q2 2026 -2.4%
S&P 500 total return (same window) +13.0%
Excess return -15.3%

Annualized: -3.1% · S&P 500: +17.7%

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: 6.6%

Sector breakdown

04
Technology 44.2%
Industrials 19.2%
Communication Services 15.4%
Retail 4.7%
Consumer Discretionary 3.6%
Financials 1.8%
Health Care 1.4%
Energy 1.0%
Utilities 0.8%
Materials 0.1%
Other/Unmapped 7.6%

Full portfolio 92 positions

05
Type Streak 8Q trend
MU Micron Technology, Inc. - Common Stock $15,444,400 8.87% 13,380 $12,405,529 Up ×2
BE Bloom Energy Corporation Class A Common Stock $10,148,623 5.83% 33,527 $6,208,709 Up ×2
NVDA NVIDIA Corporation - Common Stock $10,107,947 5.81% 50,517 $-163,690 Down ×6
AAPL Apple Inc. - Common Stock $6,571,666 3.78% 22,711 $514,960 Down ×6
AMZN Amazon.com, Inc. - Common Stock $6,555,542 3.77% 27,505 $879,143 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $6,489,101 3.73% 11,520 $-1,091,622 Down ×3
LITE Lumentum Holdings Inc. - Common Stock $5,757,583 3.31% 6,710 $3,853,103 Up ×2
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $5,742,629 3.30% 7,525 $2,775,513 Down ×3
APP Applovin Corporation - Class A Common Stock $5,621,159 3.23% 10,910 $532,729 Down ×2
TSLA Tesla, Inc. - Common Stock $5,520,375 3.17% 13,125 $-167,400 Down ×6
AVGO Broadcom Inc. - Common Stock $4,967,413 2.85% 13,150 $649,748 Down ×2
FIX Comfort Systems USA, Inc. Common Stock $4,954,875 2.85% 2,500 $2,334,794 Up ×1
WDC Western Digital Corporation - Common Stock $4,419,942 2.54% 6,920 Up ×1
VRT Vertiv Holdings, LLC Class A Common Stock $4,052,996 2.33% 12,105 $1,181,349 Up ×2
NFLX Netflix, Inc. - Common Stock $3,927,643 2.26% 55,009 $-2,729,687 Down ×2
AXON Axon Enterprise, Inc. - Common Stock $3,671,996 2.11% 6,550 $932,745 Up ×2
SPOT Spotify Technology S.A. Ordinary Shares $3,443,475 1.98% 7,500 $-445,503 Down ×3
GOOG Alphabet Inc. - Class C Capital Stock $3,276,076 1.88% 9,272 $915,218 Up ×3
NBIS Nebius Group N.V. - Class A Ordinary Shares $3,054,440 1.75% 11,060 $2,321,376 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $2,741,028 1.57% 7,670 $351,404 Down ×2
AMD Advanced Micro Devices, Inc. - Common Stock $2,568,784 1.48% 4,422 $1,679,388 Up ×2
STRL Sterling Infrastructure, Inc. - Common Stock $2,501,293 1.44% 2,980 $1,442,391 Up ×3
CLS Celestica, Inc. Common Stock $2,444,160 1.40% 6,700 $1,232,936 Up ×3
Unknown issuer (CUSIP: 04626A903) $2,391,305 1.37% 68 Call option $2,171,236 Up ×1
GLW Corning Incorporated Common Stock $2,068,983 1.19% 8,100 Up ×1
PLTR Palantir Technologies Inc. - Class A Common Stock $2,013,141 1.16% 17,255 $-2,108,005 Down ×3
HOOD Robinhood Markets, Inc. - Class A Common Stock $1,836,428 1.06% 18,313 $325,480 Down ×2
LRCX Lam Research Corporation - Common Stock $1,750,653 1.01% 4,040 $917,379 Up ×1
AGX Argan, Inc. Common Stock $1,589,115 0.91% 1,990 $527,047 Up ×1
MSFT Microsoft Corporation - Common Stock $1,571,533 0.90% 4,213 $-850,489 Down ×3
SEI Solaris Energy Infrastructure, Inc. Class A Common Stock $1,564,947 0.90% 19,450 $820,896 Up ×1
AMAT Applied Materials, Inc. - Common Stock $1,438,770 0.83% 1,990 $799,623 Up ×1
Unknown issuer (CUSIP: G25457905) $1,435,580 0.82% 78 Call option
NOW ServiceNow, Inc. Common Stock $1,321,417 0.76% 13,310 $-1,523,389 Down ×1
MA Mastercard Incorporated Common Stock $1,314,816 0.76% 2,560 $-14,280 Down ×4
CVNA Carvana Co. Class A Common Stock $1,293,363 0.74% 19,650 $-445,158 Up ×1
KLAC KLA Corporation - Common Stock $1,221,926 0.70% 4,050 $632,962 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $1,193,925 0.69% 2,500 $208,801 Down ×1
Unknown issuer (CUSIP: 859241901) $1,181,080 0.68% 22 Call option $881,107 Up ×1
Unknown issuer (CUSIP: 573874904) $1,114,318 0.64% 68 Call option Up ×1
URI United Rentals, Inc. Common Stock $1,110,232 0.64% 980 $308,816 Down ×3
ENPH Enphase Energy, Inc. - Common Stock $1,086,973 0.62% 22,075 $242,865 Down ×1
Unknown issuer (CUSIP: 007903907) $991,263 0.57% 24 Call option
Unknown issuer (CUSIP: 219350905) $933,313 0.54% 62 Call option $384,945 Down ×1
CEG Constellation Energy Corporation - Common Stock When-Issued $894,132 0.51% 3,600 $-396,003 Down ×2
ISRG Intuitive Surgical, Inc. - Common Stock $795,360 0.46% 2,000 $-126,620
Unknown issuer (CUSIP: 15101Q907) $745,405 0.43% 39 Call option $-72,742 Down ×2
MSTR Strategy Inc - Class A Common Stock $738,905 0.42% 8,500 $-1,108,135 Down ×1
IREN IREN Limited - Ordinary Shares $736,482 0.42% 16,105 $120,676 Down ×1
Unknown issuer (CUSIP: 093712907) $709,353 0.41% 35 Call option $-280,507 Down ×2
SNDK Sandisk Corporation - Common Stock $682,119 0.39% 300 Up ×1
LLY Eli Lilly and Company Common Stock $663,285 0.38% 553 $62,675 Down ×1
CRDO Credo Technology Group Holding Ltd - Ordinary Shares $625,485 0.36% 2,300 Up ×1
BKNG Booking Holdings Inc. - Common Stock $592,648 0.34% 3,325 $-253,626 Up ×1
VST Vistra Corp. Common Stock $548,860 0.32% 3,460 $-1,098,757 Down ×3
Unknown issuer (CUSIP: 770701100) $548,606 0.32% 16,736 Up ×1
AAOI Applied Optoelectronics, Inc. - Common Stock $548,192 0.31% 3,700 Up ×1
Unknown issuer (CUSIP: 02079K907) $527,768 0.30% 43 Call option $203,186 Down ×2
CRWV CoreWeave, Inc. - Class A Common Stock $519,599 0.30% 5,220 $276,343 Up ×1
MPWR Monolithic Power Systems, Inc. - Common Stock $470,002 0.27% 340 $32,662 Down ×1
AEIS Advanced Energy Industries, Inc. - Common Stock $447,444 0.26% 1,200 Up ×1
ANET Arista Networks, Inc. Common Stock $420,113 0.24% 2,473 $217,526 Up ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $415,630 0.24% 1,000
SNOW Snowflake Inc. Common Stock $414,835 0.24% 1,630 $141,851 Down ×2
Unknown issuer (CUSIP: G3323L900) $410,420 0.24% 17 Call option $155,531 Up ×1
HD Home Depot, Inc. (The) Common Stock $387,948 0.22% 1,100 $-39,609 Down ×1
NVT nVent Electric plc Ordinary Shares $386,711 0.22% 2,280 Up ×1
PANW Palo Alto Networks, Inc. - Common Stock $381,942 0.22% 1,120
SHOP Shopify Inc. - Class A Subordinate Voting Shares $369,372 0.21% 3,235 $-251,604 Down ×1
MEDP Medpace Holdings, Inc. - Common Stock $323,050 0.19% 610 $30,134
DELL Dell Technologies Inc. Class C Common Stock $306,337 0.18% 710 Up ×1
Unknown issuer (CUSIP: 23804L903) $295,008 0.17% 22 Call option Up ×1
Unknown issuer (CUSIP: 83418M903) $293,875 0.17% 62 Call option $82,271 Down ×2
Unknown issuer (CUSIP: M4056D900) $287,120 0.16% 67 Call option Up ×1
ORCL Oracle Corporation Common Stock $281,376 0.16% 1,920
Unknown issuer (CUSIP: 042068905) $279,828 0.16% 18 Call option Up ×1
Unknown issuer (CUSIP: 09228F903) $264,273 0.15% 360 Call option Up ×1
CIEN Ciena Corporation Common Stock $245,280 0.14% 500 Up ×1
DDOG Datadog, Inc. - Class A Common Stock $244,738 0.14% 940 Up ×1
Unknown issuer (CUSIP: 007973900) $244,185 0.14% 14 Call option $-356,760 Down ×1
QBTS D-Wave Quantum Inc. Common Shares $241,147 0.14% 10,052 $-138,752 Down ×1
ADI Analog Devices, Inc. - Common Stock $238,302 0.14% 600 Up ×1
HCA HCA Healthcare, Inc. Common Stock $233,934 0.13% 600 $-50,010
NET Cloudflare, Inc. Class A Common Stock $233,016 0.13% 950 Up ×1
Unknown issuer (CUSIP: 21873S908) $229,783 0.13% 50 Call option $15,358 Down ×2
LEU Centrus Energy Corp. Class A Common Stock $226,625 0.13% 1,350 $-54,591 Down ×2
AMBP Ardagh Metal Packaging S.A. Ordinary Shares $224,534 0.13% 47,370 Up ×1
ALAB Astera Labs, Inc. - Common Stock $214,944 0.12% 445 $-38,232 Down ×1
Unknown issuer (CUSIP: 74762E902) $205,740 0.12% 6 Call option Up ×1
Unknown issuer (CUSIP: 60937P906) $204,098 0.12% 12 Call option
TOYO TOYO Co., Ltd - Ordinary Shares $201,738 0.12% 29,027 Up ×1
LCID Lucid Group, Inc. - Common Stock $143,741 0.08% 21,486 $-438,914 Down ×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 $3,276,076 1.88% up ×3
STRL $2,501,293 1.44% up ×3
CLS $2,444,160 1.40% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
WDC $4,419,942 6,920 2.54%
GLW $2,068,983 8,100 1.19%
Unknown issuer (CUSIP: G25457905) $1,435,580 78 0.82%
Unknown issuer (CUSIP: 573874904) $1,114,318 68 0.64%
Unknown issuer (CUSIP: 007903907) $991,263 24 0.57%
SNDK $682,119 300 0.39%
CRDO $625,485 2,300 0.36%
Unknown issuer (CUSIP: 770701100) $548,606 16,736 0.32%
AAOI $548,192 3,700 0.31%
AEIS $447,444 1,200 0.26%
UNH $415,630 1,000 0.24%
NVT $386,711 2,280 0.22%
PANW $381,942 1,120 0.22%
DELL $306,337 710 0.18%
Unknown issuer (CUSIP: 23804L903) $295,008 22 0.17%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
BE Bought more +4K +$6.2M
LITE Bought more +4K +$3.9M
CRWD Trimmed -75 +$2.8M
NFLX Trimmed -14K -$2.7M
FIX Bought more +600 +$2.3M
NBIS Bought more +4K +$2.3M
PLTR Trimmed -11K -$2.1M
AMD Bought more +50 +$1.7M
NOW Trimmed -14K -$1.5M
STRL Bought more +380 +$1.4M

2 positions 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
OKLO June 30, 2026 19,980 $990,808 -31.5%
GWRE Sept. 30, 2025 2,500 $468,400 -33.8%
SMCI Sept. 30, 2025 13,060 $447,174 -8.9%
ZM Sept. 30, 2025 6,010 $443,358 12.6%
DOCU Sept. 30, 2025 5,000 $407,000 -4.3%
RH Dec. 31, 2025 2,000 $406,320 -32.8%
ARM Sept. 30, 2025 3,725 $397,793 117.3%
ETSY Sept. 30, 2025 7,900 $372,722 9.6%
LEA Sept. 30, 2025 4,000 $352,880 20.1%
ADBE Sept. 30, 2025 800 $306,824 -32.6%
PRIM June 30, 2026 2,100 $300,384 -20.2%
IONQ March 31, 2026 6,572 $294,886 51.8%
CMG Sept. 30, 2025 5,870 $294,733 -17.4%
UBER Dec. 31, 2025 2,925 $286,562 -16.6%
LULU Sept. 30, 2025 1,000 $283,060 -46.9%
HL June 30, 2026 14,971 $278,910 11.5%
ORCL Dec. 31, 2025 930 $261,553 -27.0%
WPM June 30, 2026 1,902 $249,181 21.3%
HIMS Dec. 31, 2025 4,175 $236,806 -10.7%
RBLX Dec. 31, 2025 1,700 $235,484 -45.6%
UPST March 31, 2026 5,235 $228,927 -11.1%
AFRM Dec. 31, 2025 3,085 $225,452 -4.9%
FN March 31, 2026 1,400 $212,688 -11.1%
CDNS Dec. 31, 2025 600 $210,756 12.4%
CAVA Dec. 31, 2025 3,475 $209,925 -7.3%
UNH Sept. 30, 2025 400 $209,500 7.7%
ULTA June 30, 2026 400 $209,084 20.6%
INTU Dec. 31, 2025 300 $204,873 -57.6%
NOC Sept. 30, 2025 400 $204,804 -21.6%
NOC June 30, 2026 300 $204,672 -6.1%
PANW Dec. 31, 2025 1,000 $203,620 118.9%
RIVN Sept. 30, 2025 15,406 $191,805 -2.6%
RUN March 31, 2026 21,100 $148,306 -43.1%
PATH March 31, 2026 16,600 $93,421 18.2%
JOBY June 30, 2026 10,763 $88,902 -33.3%
AUPH March 31, 2026 13,200 $73,353 6.8%
LCID (filed as LCIDXXXX) Sept. 30, 2025 30,040 $72,697 -82.6%
BMNR March 31, 2026 10,200 $58,136 32.8%
PLUG Dec. 31, 2025 11,800 $27,494 -3.6%