Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +30.8%
S&P 500 total return (same window) +37.0%
Excess return -6.2%

Annualized: +24.0% · 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: 93.0% · Options excluded: 0.0%

Sector breakdown

04
Technology 32.2%
Industrials 15.8%
Healthcare 14.6%
Retail 9.2%
Financials 9.0%
Communication Services 6.6%
Energy 3.2%
Consumer products 2.5%
Materials 1.9%
Utilities 0.7%
Consumer Staples 0.2%
Other/Unmapped 4.1%

Full portfolio 66 positions

05
Type Streak 8Q trend
AMD Advanced Micro Devices, Inc. - Common Stock $28,052,144 7.23% 48,290 $17,012,609 Down ×5
GOOGL Alphabet Inc. - Class A Common Stock $24,273,285 6.26% 67,922 $2,850,640 Down ×6
NVDA NVIDIA Corporation - Common Stock $20,917,808 5.39% 104,542 $2,244,626 Down ×6
AAPL Apple Inc. - Common Stock $20,339,983 5.24% 70,293 $1,827,527 Down ×3
AMAT Applied Materials, Inc. - Common Stock $18,100,305 4.67% 25,035 $9,358,341 Down ×2
ADI Analog Devices, Inc. - Common Stock $17,172,042 4.43% 43,236 $1,821,470 Down ×5
JNJ Johnson & Johnson Common Stock $15,135,848 3.90% 59,597 $174,164 Down ×6
MSFT Microsoft Corporation - Common Stock $14,341,124 3.70% 38,446 $266,520 Up ×3
AMZN Amazon.com, Inc. - Common Stock $14,259,168 3.68% 59,827 $1,850,858 Up ×2
MA Mastercard Incorporated Common Stock $12,884,170 3.32% 25,086 $462,122 Up ×1
RTX RTX Corporation Common Stock $12,872,421 3.32% 67,846 $-757,698 Down ×6
ROK Rockwell Automation, Inc. Common Stock $12,629,986 3.26% 25,511 $3,268,601 Down ×6
TJX TJX Companies, Inc. (The) Common Stock $11,783,515 3.04% 77,779 $-741,275 Down ×2
LLY Eli Lilly and Company Common Stock $11,265,046 2.90% 9,392 $3,156,351 Up ×6
SBGSY CUSIP: 80687P106 $11,111,690 2.86% 170,477 $1,771,774 Down ×2
PG Procter & Gamble Company (The) Common Stock $9,787,634 2.52% 66,746 $1,535 Down ×2
ADP Automatic Data Processing, Inc. - Common Stock $8,818,254 2.27% 39,376 $702,026 Down ×6
HD Home Depot, Inc. (The) Common Stock $8,720,366 2.25% 24,726 $618,819 Up ×1
DHR Danaher Corporation Common Stock $8,623,791 2.22% 45,274 $-56,476 Down ×2
ABT Abbott Laboratories Common Stock $8,303,797 2.14% 91,512 $-1,125,518 Down ×2
VRTX Vertex Pharmaceuticals Incorporated - Common Stock $7,901,484 2.04% 15,907 $1,018,517 Up ×2
XYL Xylem Inc. Common Stock New $7,722,777 1.99% 65,331 $-98,975 Down ×1
ATR AptarGroup, Inc. Common Stock $7,525,522 1.94% 60,108 $-903,577 Down ×3
CVX Chevron Corporation Common Stock $7,373,005 1.90% 44,480 $-1,860,941 Down ×2
AXP American Express Company Common Stock $6,549,195 1.69% 19,362 $1,623,006 Up ×6
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $5,990,800 1.54% 8 $-472,460 Down ×1
CNI Canadian National Railway Company Common Stock $5,914,662 1.52% 49,603 $498,890 Down ×6
UBER Uber Technologies, Inc. Common Stock $5,472,110 1.41% 75,833 $539,368 Up ×5
SCHW Charles Schwab Corporation (The) Common Stock $5,132,703 1.32% 55,627 $475,336 Up ×5
XOM Exxon Mobil Corporation Common Stock $4,466,779 1.15% 32,671 $-1,127,081 Down ×6
AVGO Broadcom Inc. - Common Stock $3,726,126 0.96% 9,864 $2,021,655 Up ×2
WCN Waste Connections, Inc. Common Shares $3,543,330 0.91% 21,257 $2,158,528 Up ×1
NEE NextEra Energy, Inc. Common Stock $2,656,972 0.68% 30,272 $1,624,611 Up ×1
Unknown issuer (CUSIP: 529412900) $2,470,074 0.64% 4,436 $-295,424
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $2,244,248 0.58% 4,485 $44,720 Down ×1
MRK Merck & Company, Inc. Common Stock (new) $2,229,860 0.57% 17,353 $118,410 Down ×1
ABBV AbbVie Inc. Common Stock $2,205,876 0.57% 8,766 $156,687 Down ×1
ASML ASML Holding N.V. - New York Registry Shares $1,794,657 0.46% 915 $579,494 Down ×1
RHHBY CUSIP: 771195104 $1,229,318 0.32% 23,940 $38,764 Down ×1
CAT Caterpillar, Inc. Common Stock $1,118,145 0.29% 1,050 $321,128 Down ×2
EMR Emerson Electric Company Common Stock $1,000,189 0.26% 6,987 $84,752
WMT Walmart Inc. - Common Stock $815,472 0.21% 7,200 $-79,344
DE Deere & Company Common Stock $640,673 0.17% 1,010 $32,309 Down ×2
BMO Bank Of Montreal Common Stock $618,450 0.16% 3,500 $144,760
UNP Union Pacific Corporation Common Stock $610,640 0.16% 2,245 $64,745 Down ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $588,117 0.15% 1,415 $-2,524,210 Down ×3
GOOG Alphabet Inc. - Class C Capital Stock $551,195 0.14% 1,560 $103,693
FISV Fiserv, Inc. - Common Stock $544,944 0.14% 11,110 $-1,908,749 Down ×3
INTC Intel Corporation - Common Stock $465,247 0.12% 3,332
PEP PepsiCo, Inc. - Common Stock $433,280 0.11% 3,200 $-401,403 Down ×6
SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) $422,593 0.11% 5,450 $-84,257
WFC Wells Fargo & Company Common Stock $413,200 0.11% 5,000 $15,150
CP Canadian Pacific Kansas City Limited Common Shares $401,969 0.10% 4,639 $147,033 Up ×1
V Visa Inc. $394,554 0.10% 1,150 $46,978
Unknown issuer (CUSIP: 315911750) $376,582 0.10% 1,442 $48,754
Unknown issuer (CUSIP: 315912709) $367,941 0.09% 1,103 $65,511
CSCO Cisco Systems, Inc. - Common Stock $359,427 0.09% 3,060 $122,002
KO Coca-Cola Company (The) Common Stock $318,578 0.08% 3,920 $20,462
META Meta Platforms, Inc. - Class A Common Stock $306,992 0.08% 545 $-44,868 Down ×1
GILD Gilead Sciences, Inc. - Common Stock $249,648 0.06% 1,976 $-25,747
Unknown issuer (CUSIP: 922908686) $246,738 0.06% 1,700 $-179,826 Down ×1
GLW Corning Incorporated Common Stock $242,658 0.06% 950 Up ×1
CARR Carrier Global Corporation Common Stock $240,955 0.06% 3,285 $-1,013,913 Down ×4
JPM JP Morgan Chase & Co. Common Stock $229,131 0.06% 700 $-200,343 Down ×1
DOV Dover Corporation Common Stock $201,852 0.05% 900 Up ×1
Unknown issuer (CUSIP: 00771X419) $192,712 0.05% 10,400 Up ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
MSFT $14,341,124 3.70% up ×3
LLY $11,265,046 2.90% up ×6
AXP $6,549,195 1.69% up ×6
UBER $5,472,110 1.41% up ×5
SCHW $5,132,703 1.32% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
INTC $465,247 3,332 0.12%
GLW $242,658 950 0.06%
DOV $201,852 900 0.05%
Unknown issuer (CUSIP: 00771X419) $192,712 10,400 0.05%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AMD Trimmed -6K +$17.0M
AMAT Trimmed -542 +$9.4M
ROK Trimmed -574 +$3.3M
LLY Bought more +576 +$3.2M
GOOGL Trimmed -7K +$2.9M
NVDA Trimmed -3K +$2.2M
WCN Bought more +13K +$2.2M
AVGO Bought more +4K +$2.0M
FISV Trimmed -33K -$1.9M
CVX Trimmed -150 -$1.9M

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
BALL June 30, 2025 54,496 $2,837,606 0.5%
BDX June 30, 2025 5,850 $1,340,001 30.6%
MKC June 30, 2026 25,009 $1,261,454 -11.4%
ECL March 31, 2026 1,675 $439,721 2.9%
ADBE June 30, 2025 1,051 $403,090 -38.6%
INTC March 31, 2026 8,832 $325,901 170.4%
NVO Dec. 31, 2025 5,775 $320,455 -26.7%
CRM March 31, 2026 1,184 $313,654 25.7%
INTC June 30, 2025 13,182 $299,363 432.7%
NUE March 31, 2026 1,800 $293,598 42.2%
APD June 30, 2026 1,000 $290,490 -5.3%
NSRGY March 31, 2026 2,805 $277,078 No longer tracked
IDXX March 31, 2026 400 $270,612 -7.7%
CL June 30, 2026 3,115 $265,491 -8.1%
SYY March 31, 2026 3,375 $248,704 8.6%
OZK March 31, 2026 5,390 $248,048 1.8%
NVS Sept. 30, 2025 2,035 $246,255 10.0%
TXN March 31, 2026 1,350 $234,211 51.3%
EOG June 30, 2026 1,540 $222,637 9.0%
HON March 31, 2026 1,123 $219,086 -5.3%
CL Sept. 30, 2025 2,405 $218,614 5.4%
RELX June 30, 2026 6,035 $200,060 5.5%