Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +66.2%
S&P 500 total return (same window) +37.0%
Excess return +29.2%

Annualized: +50.2% · 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: 99.5% · Options excluded: 0.0%

Sector breakdown

04
Industrials 33.7%
Technology 19.2%
Health Care 15.9%
Financials 6.6%
Consumer Discretionary 5.0%
Consumer products 4.5%
Retail 3.4%
Communication Services 3.3%
Materials 2.4%
Energy 2.4%
Consumer Staples 1.2%
Real Estate 0.7%
Utilities 0.0%
Other/Unmapped 1.6%

Full portfolio 129 positions

05
Type Streak 8Q trend
HXL Hexcel Corporation Common Stock $15,882,924 2.10% 158,734 $2,984,543 Down ×4
ALGM Allegro MicroSystems, Inc. - Common Stock $15,857,835 2.10% 227,777 $8,714,209 Up ×1
ONTO Onto Innovation Inc. Common Stock $14,487,444 1.92% 38,281 $6,477,615 Down ×4
SMTC Semtech Corporation - Common Stock $14,249,436 1.89% 88,041 $4,794,888 Down ×1
CECO CECO Environmental Corp. - Common Stock $13,798,923 1.83% 152,071 $4,847,326 Up ×2
AIT Applied Industrial Technologies, Inc. Common Stock $13,427,598 1.78% 39,709 $2,945,601 Up ×3
HRI Herc Holdings Inc. Common Stock $12,929,268 1.71% 90,200 $6,170,520 Up ×1
FULT Fulton Financial Corporation - Common Stock $12,839,375 1.70% 530,772 $1,985,056 Down ×2
ALHC Alignment Healthcare, Inc. - Common Stock $12,558,870 1.66% 527,462 $3,096,049 Down ×2
MIR Mirion Technologies, Inc. Class A Common Stock $12,480,123 1.65% 696,047 $-603,723 Down ×5
FROG JFrog Ltd. - Ordinary shares $11,983,437 1.59% 131,860
CVLT Commvault Systems, Inc. - Common Stock $11,753,385 1.56% 82,928 $4,657,450 Down ×1
VMI Valmont Industries, Inc. Common Stock $11,690,046 1.55% 20,239 $4,220,085 Up ×1
ESTA Establishment Labs Holdings Inc. - Common Shares $11,482,236 1.52% 133,810 $3,898,302 Up ×1
AZZ AZZ Inc. $10,864,974 1.44% 70,074 $2,141,411 Up ×1
ANGO AngioDynamics, Inc. - Common Stock $10,494,881 1.39% 806,678 $1,436,447 Up ×2
SXT Sensient Technologies Corporation Common Stock $10,342,182 1.37% 83,885 $3,918,912 Up ×2
ESE ESCO Technologies Inc. Common Stock $10,141,009 1.34% 28,971 $1,849,316 Down ×1
RGEN Repligen Corporation - Common Stock $10,129,033 1.34% 74,238 $3,870,552 Up ×1
WMS Advanced Drainage Systems, Inc. Common Stock $10,069,141 1.33% 64,151 $1,312,019 Up ×3
GBCI Glacier Bancorp, Inc. Common Stock $9,997,958 1.32% 193,834 $1,391,568 Up ×1
BIRK Birkenstock Holding plc Ordinary Shares $9,639,452 1.28% 224,017 $1,748,217 Up ×1
IMAX Imax Corporation Common Stock $9,480,980 1.26% 237,857 $362,457 Down ×2
KGS Kodiak Gas Services, Inc. Common Stock $9,476,748 1.26% 126,138 $2,000,474 Down ×3
SHLS Shoals Technologies Group, Inc. - Class A Common Stock $9,389,487 1.24% 948,433 $3,146,719 Down ×1
POWL Powell Industries, Inc. - Common Stock $9,180,415 1.22% 32,059 $1,952,668 Up ×1
COCO The Vita Coco Company, Inc. - Common Stock $8,977,182 1.19% 135,730 $2,478,622 Up ×1
BAND Bandwidth Inc. - Class A Common Stock $8,885,168 1.18% 140,366 Up ×1
LEU Centrus Energy Corp. Class A Common Stock $8,837,013 1.17% 52,642 $4,718,243 Up ×3
LASR nLIGHT, Inc. - Common Stock $8,829,626 1.17% 126,826 $1,463,896 Down ×3
OSW OneSpaWorld Holdings Limited - Common Shares $8,814,015 1.17% 312,111 $-482,984 Down ×6
GNRC Generac Holdlings Inc. Common Stock $8,715,490 1.15% 29,765 Up ×1
DRTS Alpha Tau Medical Ltd. - Ordinary Shares $8,704,593 1.15% 691,939 Up ×1
CVCO Cavco Industries, Inc. - Common Stock $8,647,398 1.15% 14,075 $1,945,309 Up ×3
SBCF Seacoast Banking Corporation of Florida - Common Stock $8,480,978 1.12% 255,067 $821,243 Up ×1
LIND Lindblad Expeditions Holdings Inc. - Common Stock $8,459,207 1.12% 299,547 $5,137,434 Up ×1
BOOT Boot Barn Holdings, Inc. Common Stock $8,457,112 1.12% 51,483 $3,156,246 Up ×1
CCS Century Communities, Inc. Common Stock $8,348,820 1.11% 116,506 $3,209,466 Up ×1
GTLB GitLab Inc. - Class A Common Stock $8,310,266 1.10% 272,200
MOD Modine Manufacturing Company Common Stock $8,108,863 1.07% 30,368 $1,545,584 Up ×1
SAIA Saia, Inc. - Common Stock $8,043,314 1.07% 19,098 $-2,060,904 Down ×1
ARCB ArcBest Corporation - Common Stock $7,973,647 1.06% 55,550 $132,486 Down ×1
SKY Champion Homes, Inc. Common Stock $7,707,063 1.02% 87,461 $1,289,081 Up ×1
MP MP Materials Corp. Common Stock $7,660,264 1.02% 136,766 $4,019,964 Up ×1
LSCC Lattice Semiconductor Corporation - Common Stock $7,588,652 1.01% 49,612 $-730,343 Down ×5
RDNT RadNet, Inc. - Common Stock $7,586,520 1.01% 123,018 $941,814 Up ×1
BDC Belden Inc Common Stock $7,567,040 1.00% 63,106 $342,625 Up ×1
SITM SiTime Corporation - Common Stock $7,474,985 0.99% 10,026 $1,294,947 Down ×1
MSA MSA Safety Incorporated Common Stock $7,384,385 0.98% 42,298 $487,009 Up ×1
COGT Cogent Biosciences, Inc. - Common Stock $7,312,404 0.97% 188,951 $3,413,213 Up ×2
HASI HA Sustainable Infrastructure Capital, Inc. Common Stock $7,257,833 0.96% 185,860 $2,860,475 Up ×1
FSLY Fastly, Inc. - Class A Common Stock $7,245,847 0.96% 394,654 Up ×1
GLBE Global-E Online Ltd. - ordinary shares $6,958,642 0.92% 200,364 $881,747 Up ×2
CGNX Cognex Corporation - Common Stock $6,856,943 0.91% 94,683 $-1,126,761 Down ×1
MC Moelis & Company Class A Common Stock $6,848,231 0.91% 104,681 $-1,064,623 Down ×5
VIAV Viavi Solutions Inc. - Common Stock $6,795,112 0.90% 142,306 $167,799 Down ×1
AEIS Advanced Energy Industries, Inc. - Common Stock $6,759,387 0.90% 18,128 $770,212 Down ×2
MRCY Mercury Systems Inc - Common Stock $6,740,872 0.89% 55,104 $2,657,475 Down ×3
COHU Cohu, Inc. - Common Stock $6,464,169 0.86% 87,460 $3,007,967 Down ×1
FPS Forgent Power Solutions, Inc. Class A Common Stock $6,100,359 0.81% 109,208 Up ×1
NAVN Navan, Inc. - Class A Common Stock $6,052,843 0.80% 264,663 Up ×1
CYTK Cytokinetics, Incorporated - Common Stock $6,019,951 0.80% 70,665 $1,433,735 Up ×1
OMCL Omnicell, Inc. - Common Stock $5,988,264 0.79% 144,226 $1,212,053 Up ×1
EYE National Vision Holdings, Inc. - Common Stock $5,901,578 0.78% 310,446 $-2,066,350 Up ×1
AEHR Aehr Test Systems - Common Stock $5,801,448 0.77% 60,394 $1,092,622 Down ×4
FORM FormFactor, Inc. - Common Stock $5,745,485 0.76% 35,925 $793,079 Down ×2
BWXT BWX Technologies, Inc. Common Stock $5,689,620 0.75% 29,230 $-378,825 Down ×5
ATI ATI Inc. Common Stock $5,558,023 0.74% 28,199 $1,380,266 Down ×2
FLS Flowserve Corporation Common Stock $5,537,156 0.73% 74,665 $-3,521,628 Down ×6
COMP Compass, Inc. Class A Common Stock $5,426,556 0.72% 440,110 $2,659,626 Up ×1
SGRY Surgery Partners, Inc. - Common Stock $5,414,052 0.72% 322,265 $1,572,880 Up ×1
CAMT Camtek Ltd. - Ordinary Shares $5,212,336 0.69% 31,954 $-1,653,171 Down ×1
BB BlackBerry Limited Common Stock $5,097,621 0.68% 402,974 Up ×1
GH Guardant Health, Inc. - Common Stock $4,958,642 0.66% 33,051 $1,879,950 Down ×3
IPGP IPG Photonics Corporation - Common Stock $4,881,568 0.65% 41,609 $192,545 Up ×1
HQY HealthEquity, Inc. - Common Stock $4,807,734 0.64% 53,230 Up ×1
ELF e.l.f. Beauty, Inc. Common Stock $4,714,022 0.62% 63,703 $1,982,693 Up ×2
FLNC Fluence Energy, Inc. - Class A Common Stock $4,646,016 0.62% 233,703 $-1,297,630 Down ×1
OLLI Ollie's Bargain Outlet Holdings, Inc. - Common Stock $4,628,637 0.61% 60,206 $-880,877 Up ×1
HLI Houlihan Lokey, Inc. Class A Common Stock $4,562,298 0.60% 34,014 $-3,501,247 Down ×1
IBP Installed Building Products, Inc. Common Stock $4,416,146 0.59% 19,214 $1,163,021 Up ×1
PL Planet Labs PBC Class A Common Stock $4,387,472 0.58% 132,432 $1,417,421 Up ×1
Unknown issuer (CUSIP: 00835T107) $4,332,628 0.57% 207,402 Up ×1
SIBN SI-BONE, Inc. - Common Stock $4,304,906 0.57% 263,781 $-1,717,141 Down ×4
DFTX Definium Therapeutics, Inc. - Common Shares $4,167,650 0.55% 88,598 Up ×1
PEGA Pegasystems Inc. - Common Stock $4,108,288 0.54% 137,080 Up ×1
PRVA Privia Health Group, Inc. - Common Stock $4,094,235 0.54% 159,123 $830,990 Up ×1
CLPT ClearPoint Neuro Inc. - Common Stock $3,974,056 0.53% 222,761 Up ×1
WOLF Wolfspeed, Inc. Common Stock New $3,923,449 0.52% 81,315 Up ×1
CARL Carlsmed, Inc. - Common Stock $3,878,767 0.51% 373,677 Up ×1
INFQ Infleqtion, Inc. Common Stock $3,708,141 0.49% 278,389 Up ×1
Unknown issuer (CUSIP: 81221K108) $3,692,074 0.49% 169,985 Up ×1
KRUS Kura Sushi USA, Inc. - Class A Common Stock $3,648,959 0.48% 63,394 Up ×1
VERX Vertex, Inc. - Class A Common Stock $3,628,495 0.48% 316,071 $-83,884 Up ×2
CRS Carpenter Technology Corporation Common Stock $3,570,887 0.47% 5,789 $1,829,532 Up ×1
OLMA Olema Pharmaceuticals, Inc. - Common Stock $2,760,944 0.37% 220,699 $731,574 Up ×1
CAPR Capricor Therapeutics, Inc. - Common Stock $2,694,745 0.36% 111,908 $1,344,955 Up ×1
KYMR Kymera Therapeutics, Inc. - Common Stock $1,943,427 0.26% 16,948 Up ×1
VICR Vicor Corporation - Common Stock $1,681,666 0.22% 4,428 Up ×1
NXT Nextpower Inc. - Class A Common Stock $1,657,476 0.22% 13,912

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
AIT $13,427,598 1.78% up ×3
WMS $10,069,141 1.33% up ×3
LEU $8,837,013 1.17% up ×3
CVCO $8,647,398 1.15% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
FROG $11,983,437 131,860 1.59%
BAND $8,885,168 140,366 1.18%
GNRC $8,715,490 29,765 1.15%
DRTS $8,704,593 691,939 1.15%
GTLB $8,310,266 272,200 1.10%
FSLY $7,245,847 394,654 0.96%
FPS $6,100,359 109,208 0.81%
NAVN $6,052,843 264,663 0.80%
BB $5,097,621 402,974 0.68%
HQY $4,807,734 53,230 0.64%
Unknown issuer (CUSIP: 00835T107) $4,332,628 207,402 0.57%
DFTX $4,167,650 88,598 0.55%
PEGA $4,108,288 137,080 0.54%
CLPT $3,974,056 222,761 0.53%
WOLF $3,923,449 81,315 0.52%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
ALGM Bought more +1K +$8.7M
ONTO Trimmed -778 +$6.5M
HRI Bought more +22K +$6.2M
LIND Bought more +108K +$5.1M
CECO Bought more +2K +$4.8M
SMTC Trimmed -35K +$4.8M
LEU Bought more +29K +$4.7M
CVLT Trimmed -8K +$4.7M
VMI Bought more +2K +$4.2M
MP Bought more +61K +$4.0M

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
CWAN March 31, 2026 681,972 $16,449,165 No longer tracked
DOCN June 30, 2026 122,466 $10,505,133 -12.6%
LNN Dec. 31, 2025 71,799 $10,092,067 -3.0%
CORZ Dec. 31, 2025 504,958 $9,058,947 14.0%
GTLB March 31, 2026 236,771 $8,886,016 138.0%
FVRR Sept. 30, 2025 289,495 $8,490,888 -64.8%
LEVI June 30, 2025 541,593 $8,443,435 9.6%
IPAR June 30, 2026 85,991 $7,811,422 1.7%
SITE June 30, 2026 58,412 $7,775,221 -23.4%
PTLO Sept. 30, 2025 662,330 $7,729,391 -45.0%
ARDT Dec. 31, 2025 580,620 $7,693,215 19.5%
UTI June 30, 2026 210,443 $7,596,992 -55.2%
NCNO Dec. 31, 2025 279,056 $7,565,208 -24.8%
QTWO March 31, 2026 104,763 $7,559,698 23.1%
CERT March 31, 2026 840,449 $7,404,356 76.7%
BECN June 30, 2025 57,866 $7,158,024 No longer tracked
BILL Sept. 30, 2025 151,564 $7,011,351 -16.0%
BROS June 30, 2025 107,859 $6,659,215 -44.1%
EXPO June 30, 2025 79,939 $6,479,855 -8.0%
ROIV June 30, 2026 227,093 $6,290,476 1.1%
PNFP Dec. 31, 2025 66,972 $6,281,304 0.6%
FRPT Dec. 31, 2025 103,309 $5,693,359 0.7%
QTRX June 30, 2025 848,353 $5,522,778 -42.7%
FROG March 31, 2026 88,170 $5,507,098 108.5%
FRSH Dec. 31, 2025 462,702 $5,446,003 7.9%
CFLT Dec. 31, 2025 268,535 $5,316,993 No longer tracked
ADUS June 30, 2026 56,764 $5,315,949 12.5%
WIX June 30, 2026 58,930 $5,307,825 63.2%
MMS Sept. 30, 2025 75,355 $5,289,921 -40.5%
TSEM June 30, 2026 29,096 $5,105,766 -4.2%
BILL March 31, 2026 92,841 $5,063,548 16.2%
STRL June 30, 2026 11,954 $4,868,506 -37.7%
NXT June 30, 2025 114,392 $4,820,479 52.6%
PWP June 30, 2026 260,184 $4,724,941 -1.0%
XMTR March 31, 2026 77,640 $4,617,251 163.7%
CDXS Dec. 31, 2025 1,891,232 $4,614,606 -14.7%
EXLS June 30, 2025 95,901 $4,527,486 -18.0%
CVSA Dec. 31, 2025 29,168 $4,504,998 21.2%
GRAL March 31, 2026 51,836 $4,436,643 198.1%
WNS Sept. 30, 2025 69,551 $4,398,405 No longer tracked
DNLI Dec. 31, 2025 301,171 $4,373,003 20.6%
MNTN Dec. 31, 2025 226,997 $4,210,794 -15.6%
ODD March 31, 2026 104,649 $4,204,797 46.4%
PATH March 31, 2026 251,245 $4,117,906 18.6%
BRBR Dec. 31, 2025 111,774 $4,062,985 -71.1%
GTLS Sept. 30, 2025 24,132 $3,973,334 No longer tracked
PCOR June 30, 2026 69,671 $3,971,247 33.4%
AMN June 30, 2025 162,062 $3,964,037 78.2%
ACLX March 31, 2026 59,063 $3,850,908 No longer tracked
BE March 31, 2026 44,151 $3,836,280 111.6%
ADPT March 31, 2026 234,848 $3,813,932 115.0%
TREX Dec. 31, 2025 73,805 $3,813,504 26.0%
COCO June 30, 2025 120,910 $3,705,892 53.2%
AVXL Dec. 31, 2025 415,906 $3,701,563 -53.8%
CART June 30, 2025 90,352 $3,604,141 1.0%
CAPR Dec. 31, 2025 496,554 $3,580,154 -73.0%
FIGR March 31, 2026 87,004 $3,553,243 -17.7%
AMRC Dec. 31, 2025 104,380 $3,505,080 -26.6%
VRNS Dec. 31, 2025 59,111 $3,397,109 46.8%
ALKT Dec. 31, 2025 136,072 $3,380,028 -38.7%
SKYT March 31, 2026 185,270 $3,364,503 No longer tracked
ETOR Dec. 31, 2025 77,456 $3,196,609 -26.9%
GOOS June 30, 2026 291,074 $3,193,082 -19.9%
GKOS June 30, 2026 29,261 $3,150,239 17.4%
SHAK June 30, 2026 35,573 $3,147,143 11.4%
CRNX Dec. 31, 2025 75,000 $3,123,750 No longer tracked
TLX Sept. 30, 2025 188,992 $3,037,101 13.7%
GO Dec. 31, 2025 183,075 $2,938,354 13.1%
GLOB June 30, 2026 60,430 $2,786,427 23.5%
ATEC June 30, 2026 223,159 $2,427,970 23.9%
GPCR June 30, 2026 47,551 $2,291,958 -48.6%
QTRX June 30, 2026 492,368 $1,733,135 -11.8%
FIX June 30, 2026 938 $1,293,493 -13.6%
MDB March 31, 2026 2,617 $1,098,329 46.8%
CYBR Sept. 30, 2025 1,523 $619,678 No longer tracked
PEN Sept. 30, 2025 1,535 $393,927 25.2%
PINS Dec. 31, 2025 339 $10,906 -22.5%
PGNY March 31, 2026 394 $10,118 52.3%
VEEV June 30, 2025 36 $8,339 -1.6%
WSC Dec. 31, 2025 379 $8,001 -9.3%
ACVA Dec. 31, 2025 651 $6,451 30.9%
BL March 31, 2026 113 $6,248 -24.0%
SG Sept. 30, 2025 396 $5,892 13.9%
FOUR June 30, 2026 131 $5,729 -22.8%
STVN March 31, 2026 282 $5,674 45.8%
FIVN Dec. 31, 2025 221 $5,348 71.4%
WST June 30, 2026 18 $4,512 4.9%
IQV March 31, 2026 14 $3,156 56.0%
LNTH March 31, 2026 47 $3,128 32.1%
SKX June 30, 2025 39 $2,214 No longer tracked
ESTC March 31, 2026 25 $1,886 89.9%