Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +29.4%
S&P 500 total return (same window) +37.0%
Excess return -7.6%

Annualized: +22.9% · 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: 98.5% · Options excluded: 0.0%

Sector breakdown

04
Real Estate 25.7%
Industrials 22.8%
Technology 17.5%
Communication Services 13.1%
Consumer Discretionary 10.3%
Retail 6.0%
Consumer products 1.4%
Other/Unmapped 3.3%

Full portfolio 17 positions

05
Type Streak 8Q trend
OPEN Opendoor Technologies Inc - Common Stock $9,338,157 17.67% 2,021,246 $1,835,438 Up ×2
NN NextNav Inc. - Common stock $7,840,475 14.83% 439,735 $986,783 Up ×1
JBLU JetBlue Airways Corporation - Common Stock $7,040,835 13.32% 1,228,767 $3,341,467 Up ×1
SNAP Snap Inc. Class A Common Stock $6,206,707 11.74% 1,397,907 $-3,569,526 Down ×1
PTON Peloton Interactive, Inc. - Common Stock $5,437,590 10.29% 920,066 $2,344,380 Up ×2
ULCC Frontier Group Holdings, Inc. - Common Stock $4,971,965 9.41% 628,567 $3,096,384 Up ×2
FRMI Fermi Inc. - Common Stock $4,232,351 8.01% 462,047 $2,586,989 Up ×1
CWH Camping World Holdings, Inc. Class A Common Stock $2,893,639 5.47% 379,245 $2,047,265 Up ×2
Unknown issuer (CUSIP: 65345N906) $1,725,000 3.26% 250,000 $196,250 Down ×1
TBCH Turtle Beach Corporation - Common Stock $1,422,948 2.69% 114,293 $278,791 Up ×1
NWL Newell Brands Inc. - Common Stock $738,169 1.40% 120,223 $345,643 Up ×1
BMBL Bumble Inc. - common stock $725,277 1.37% 226,649 $681,486 Up ×1
GRWG GrowGeneration Corp. - Common Stock $254,862 0.48% 172,204 $-46,645 Down ×1
HYFM (filed as HYFMXXXX) Hydrofarm Holdings Group, Inc. - Common Stock $12,521 0.02% 14,736 $-33,857 Down ×1
OPENW Opendoor Technologies Inc - Series K Warrants, each whole warrant exercisable to purchase one share of Common Stock at an exercise price of $9.00 per warrant $6,420 0.01% 12,970 $-1,422
OPENL Opendoor Technologies Inc - Series A Warrants, each whole warrant exercisable to purchase one share of Common Stock at an exercise price of $13.00 per warrant $3,668 0.01% 12,970 $477
OPENZ Opendoor Technologies Inc - Series Z Warrants, each whole warrant exercisable to purchase one share of Common Stock at an exercise price of $17.00 per warrant $3,113 0.01% 12,970 $60

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SNAP Trimmed -727K -$3.6M
JBLU Bought more +392K +$3.3M
ULCC Bought more +97K +$3.1M
FRMI Bought more +181K +$2.6M
PTON Bought more +199K +$2.3M
CWH Bought more +255K +$2.0M
OPEN Bought more +418K +$1.8M
NN Bought more +12K +$987K
NWL Bought more +6K +$346K
TBCH Bought more +1K +$279K

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
W June 30, 2025 150,000 $4,804,500 98.0%
SOFI Sept. 30, 2025 198,752 $3,619,274 -40.3%
BA June 30, 2025 18,978 $3,236,698 -7.6%
COMP Dec. 31, 2025 347,094 $2,787,165 -12.8%
LEN Sept. 30, 2025 25,000 $2,765,250 -36.7%
AAL June 30, 2025 200,000 $2,110,000 15.3%
SBUX March 31, 2026 25,000 $2,105,250 5.7%
CALY June 30, 2026 145,411 $2,018,305 -23.1%
HLF March 31, 2026 154,209 $1,987,754 -14.7%
LYFT Dec. 31, 2025 80,101 $1,762,783 -20.2%
AAL June 30, 2026 139,790 $1,501,345 -28.4%
GPRO June 30, 2026 1,834,707 $1,385,020 73.5%
KBH Sept. 30, 2025 25,000 $1,324,250 -28.1%
HOG Sept. 30, 2025 49,980 $1,179,528 -12.0%
RH March 31, 2026 6,500 $1,164,475 -13.8%
DECK June 30, 2025 10,000 $1,118,100 -23.2%
M Sept. 30, 2025 92,577 $1,079,448 26.8%
AEO Sept. 30, 2025 110,735 $1,065,271 3.5%
PENN Sept. 30, 2025 58,791 $1,050,595 -23.3%
GRPN June 30, 2026 84,088 $1,000,647 -19.7%
UNFI Sept. 30, 2025 38,846 $905,500 21.2%
COTY June 30, 2026 406,592 $819,283 23.1%
EL Sept. 30, 2025 10,000 $808,000 4.4%
SONO Sept. 30, 2025 60,700 $656,167 12.0%
VSCO Sept. 30, 2025 25,000 $463,000 No longer tracked
ANF June 30, 2025 5,940 $453,638 64.0%
PLCE March 31, 2026 70,124 $279,094 -40.8%
OTLY June 30, 2026 21,463 $217,635 12.8%
EYE June 30, 2025 11,296 $144,363 -28.7%
MSOS Sept. 30, 2025 47,883 $115,398
SNBR June 30, 2025 17,287 $109,600 No longer tracked
ADV Sept. 30, 2025 46,463 $61,331 1706.5%
TLRY Sept. 30, 2025 54,205 $22,463 108.7%