Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +27.0%
S&P 500 total return (same window) +37.0%
Excess return -10.1%

Annualized: +21.0% · 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: 96.5% · Options excluded: 0.0%

Sector breakdown

04
Technology 21.1%
Industrials 9.3%
Health Care 8.8%
Retail 8.3%
Communication Services 6.9%
Energy 6.2%
Financials 2.5%
Consumer products 2.4%
Consumer Staples 2.4%
Materials 2.3%
Utilities 1.1%
Consumer Discretionary 0.4%
Other/Unmapped 28.1%

Full portfolio 36 positions

05
Type Streak 8Q trend
IAU iShares Gold Trust Shares $13,599,729 16.13% 180,105 $-2,409,069 Down ×6
NVDA NVIDIA Corporation - Common Stock $6,585,562 7.81% 32,913 $425,928 Down ×6
SLV iShares Silver Trust $5,180,067 6.15% 96,878 $-1,447,502 Down ×5
GOOGL Alphabet Inc. - Class A Common Stock $4,840,219 5.74% 13,544 $231,495 Down ×6
AAPL Apple Inc. - Common Stock $4,630,917 5.49% 16,004 $560,125 Down ×6
MSFT Microsoft Corporation - Common Stock $4,479,224 5.31% 12,008 $40,886 Up ×2
ETN Eaton Corporation, PLC Ordinary Shares $4,012,772 4.76% 9,417 $632,790 Down ×6
XOM Exxon Mobil Corporation Common Stock $3,721,518 4.41% 27,220 $-914,102 Down ×4
AMZN Amazon.com, Inc. - Common Stock $3,140,130 3.73% 13,175 $407,211 Up ×1
WCC WESCO International, Inc. Common Stock $2,595,906 3.08% 7,515 $533,632 Down ×6
WMT Walmart Inc. - Common Stock $2,495,571 2.96% 22,034 $-248,407 Down ×6
GLD SPDR Gold Shares $2,421,362 2.87% 6,573 $-480,083 Down ×6
VRTX Vertex Pharmaceuticals Incorporated - Common Stock $2,183,128 2.59% 4,395 $225,943 Up ×1
CHKP Check Point Software Technologies Ltd. - Ordinary Shares $2,125,223 2.52% 16,170 $-167,377 Up ×1
PG Procter & Gamble Company (The) Common Stock $2,056,626 2.44% 14,025 $33,744 Up ×1
PEP PepsiCo, Inc. - Common Stock $2,017,054 2.39% 14,897 $-305,308 Down ×4
V Visa Inc. $1,902,777 2.26% 5,546 $218,393 Down ×6
ATR AptarGroup, Inc. Common Stock $1,552,730 1.84% 12,402 $-14,077 Down ×2
TJX TJX Companies, Inc. (The) Common Stock $1,364,864 1.62% 9,009 $-74,672 Down ×6
PSQ ProShares Short QQQ $1,319,785 1.57% 52,665 $-389,021 Down ×6
CVX Chevron Corporation Common Stock $1,312,322 1.56% 7,917 $-1,228,824 Down ×6
SYK Stryker Corporation Common Stock $1,236,377 1.47% 3,927 $-42,824 Up ×1
LHX L3Harris Technologies, Inc. Common Stock $1,196,650 1.42% 4,118 $-229,510 Down ×6
ABT Abbott Laboratories Common Stock $1,163,015 1.38% 12,817 $-149,929 Up ×1
WEC WEC Energy Group, Inc. Common Stock $966,856 1.15% 8,280 $8,280
GOOG Alphabet Inc. - Class C Capital Stock $940,211 1.12% 2,661 $-225,014 Down ×6
STE STERIS plc (Ireland) Ordinary Shares $936,405 1.11% 4,447 $-34,135 Up ×1
ZTS Zoetis Inc. Class A Common Stock $869,937 1.03% 12,106 $-538,299 Up ×1
BDX Becton, Dickinson and Company Common Stock $833,980 0.99% 5,511 $-22,766 Up ×1
VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares $626,368 0.74% 12,470 $7,238 Up ×1
TIP iShares TIPS Bond ETF $531,283 0.63% 4,855 $-4,515
NEM Newmont Corporation $422,915 0.50% 4,528 $-67,241
TSLA Tesla, Inc. - Common Stock $336,480 0.40% 800 $39,080
AFL AFLAC Incorporated Common Stock $234,500 0.28% 2,000 $15,080
EPD Enterprise Products Partners L.P. Common Stock $231,588 0.27% 6,300 $-6,804
WAT Waters Corporation Common Stock $230,650 0.27% 615 Up ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
WAT $230,650 615 0.27%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
IAU Trimmed -1K -$2.4M
SLV Trimmed -386 -$1.4M
CVX Trimmed -4K -$1.2M
XOM Trimmed -103 -$914K
ETN Trimmed -33 +$633K
AAPL Trimmed -36 +$560K
ZTS Bought more +193 -$538K
WCC Trimmed -22 +$534K
GLD Trimmed -170 -$480K
NVDA Trimmed -2K +$426K

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
PDBC Dec. 31, 2025 308,388 $4,141,651
INTC June 30, 2026 31,012 $1,368,560 -37.7%
STZ March 31, 2026 6,160 $849,834 -7.5%
ADBE Dec. 31, 2025 2,138 $754,180 -24.6%
SDS Dec. 31, 2025 37,550 $542,598 -19.4%
KN Sept. 30, 2025 24,721 $435,584 38.0%
NEOG Sept. 30, 2025 10,139 $48,464 113.5%