Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +44.4%
S&P 500 total return (same window) +37.0%
Excess return +7.4%

Annualized: +34.2% · 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: 96.8% · Options excluded: 0.0%

Sector breakdown

04
Technology 40.9%
Consumer Discretionary 17.2%
Industrials 15.4%
Financials 8.1%
Energy 7.1%
Materials 4.7%
Healthcare 3.3%
Retail 0.9%
Utilities 0.9%
Consumer Staples 0.7%
Consumer products 0.4%
Communication Services 0.4%
Other/Unmapped 0.1%

Full portfolio 58 positions

05
Type Streak 8Q trend
PDFS PDF Solutions, Inc. - Common Stock $38,813,095 13.25% 548,285 $8,721,367 Down ×2
GENI Genius Sports Limited Ordinary Shares $29,773,083 10.16% 4,913,050 $13,152,166 Up ×3
AIOT PowerFleet, Inc. - Common Stock $20,124,436 6.87% 5,254,422 $7,828,716 Up ×6
INSE Inspired Entertainment, Inc. - Common Stock $18,347,175 6.26% 2,223,900 $3,873,631 Up ×2
AIP Arteris, Inc. - Common Stock $16,521,086 5.64% 340,010 $-2,286,767 Down ×1
PAR PAR Technology Corporation Common Stock $14,223,517 4.85% 816,505 $10,118,077 Up ×1
CGNT Cognyte Software Ltd. - Ordinary Shares $11,973,286 4.09% 1,363,700 $4,206,803 Up ×3
AMBA Ambarella, Inc. - Ordinary Shares $11,750,739 4.01% 136,955 $9,607,834 Up ×1
ZETA Zeta Global Holdings Corp. Class A Common Stock $10,809,535 3.69% 549,265 $3,062,783 Up ×1
SLB SLB Limited Common Shares $10,464,388 3.57% 225,089 $-1,135,311 Down ×3
PACK Ranpak Holdings Corp Class A Common Stock $10,377,824 3.54% 1,419,675 $5,626,957 Up ×2
RMNI Rimini Street, Inc. - Common Stock $7,972,590 2.72% 1,871,500 $2,556,162 Up ×3
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $7,901,158 2.70% 15,790 $634,090 Up ×3
RPC Ridgepost Capital, Inc. Class A Common Stock $6,812,311 2.32% 865,605 $1,732,961 Up ×3
FLR Fluor Corporation Common Stock $6,128,844 2.09% 116,985 Up ×1
KMI Kinder Morgan, Inc. Common Stock $6,047,765 2.06% 189,170 $-7,753 Up ×1
EMR Emerson Electric Company Common Stock $4,718,224 1.61% 32,960 $818,414 Up ×1
APO Apollo Global Management, Inc. (New) Common Stock $3,600,173 1.23% 30,430 $-228,218 Down ×4
MSFT Microsoft Corporation - Common Stock $3,577,262 1.22% 9,590 $2,226,141 Up ×1
DE Deere & Company Common Stock $3,561,763 1.22% 5,615 $398,833
JNJ Johnson & Johnson Common Stock $3,547,961 1.21% 13,970 $133,134
RTX RTX Corporation Common Stock $3,277,586 1.12% 17,275 $-93,342 Down ×3
Q Qnity Electronics, Inc. Common Stock $3,272,895 1.12% 20,041 $601,156 Down ×2
KKR KKR & Co. Inc. Common Stock $3,176,506 1.08% 34,610 $-361,157 Down ×4
TYGO Tigo Energy, Inc. - Common Stock $2,670,180 0.91% 1,146,000 Up ×1
WMT Walmart Inc. - Common Stock $2,648,585 0.90% 23,385 $-257,703
FTK Flotek Industries, Inc. Common Stock $2,234,400 0.76% 95,000 Up ×1
SBUX Starbucks Corporation - Common Stock $2,179,713 0.74% 21,330 $268,758
NEOG Neogen Corporation - Common Stock $2,132,428 0.73% 237,200 $-538,447 Down ×4
CYRX CryoPort, Inc. - Common Stock $2,041,000 0.70% 130,000 Up ×1
PRMB Primo Brands Corporation Class A Common Stock $1,913,652 0.65% 78,300 $436,438 Down ×2
EPD Enterprise Products Partners L.P. Common Stock $1,843,514 0.63% 50,150 $-54,162
WM Waste Management, Inc. Common Stock $1,794,184 0.61% 8,050 $264,932 Up ×1
WMB Williams Companies, Inc. (The) Common Stock $1,543,298 0.53% 20,760 $32,385
CEG Constellation Energy Corporation - Common Stock When-Issued $1,509,096 0.52% 6,076 $-187,627
KRNT Kornit Digital Ltd. - Ordinary Shares $1,462,500 0.50% 90,000 Up ×1
PFE Pfizer, Inc. Common Stock $1,448,292 0.49% 60,145 $-226,540 Up ×1
EXC Exelon Corporation - Common Stock $1,240,092 0.42% 26,600 $-63,840
SCM Stellus Capital Investment Corporation Common Stock $1,125,754 0.38% 133,700 Up ×1
PG Procter & Gamble Company (The) Common Stock $1,115,930 0.38% 7,610 $2,298 Down ×3
XYL Xylem Inc. Common Stock New $1,069,801 0.37% 9,050 $-64,852 Down ×5
ET Energy Transfer LP Common Units $764,800 0.26% 40,000 $-7,200
CTVA Corteva, Inc. Common Stock $733,669 0.25% 8,663 $8,489
BX Blackstone Inc. Common Stock $648,362 0.22% 5,510 $14,767
GOOGL Alphabet Inc. - Class A Common Stock $589,661 0.20% 1,650 $115,187
GOOG Alphabet Inc. - Class C Capital Stock $582,995 0.20% 1,650 $109,676
AAPL Apple Inc. - Common Stock $370,381 0.13% 1,280 $45,530
DOW Dow Inc. Common Stock $355,762 0.12% 13,003 $-185,813
ARCC Ares Capital Corporation - Closed End Fund $342,805 0.12% 18,500 $9,435
AMD Advanced Micro Devices, Inc. - Common Stock $290,455 0.10% 500 Up ×1
XOM Exxon Mobil Corporation Common Stock $259,768 0.09% 1,900 $-62,586
GLW Corning Incorporated Common Stock $255,430 0.09% 1,000 Up ×1
NVO Novo Nordisk A/S Common Stock $249,288 0.09% 5,200
IBM International Business Machines Corporation Common Stock $224,968 0.08% 800
UNH UnitedHealth Group Incorporated Common Stock (DE) $207,815 0.07% 500
OPRX OptimizeRx Corporation - Common Stock $183,040 0.06% 32,000 Up ×1
Unknown issuer (CUSIP: 25382K100) $146,933 0.05% 17,875 Up ×1
ESBA Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests $71,617 0.02% 12,904 $6,581

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
GENI $29,773,083 10.16% up ×3
AIOT $20,124,436 6.87% up ×6
CGNT $11,973,286 4.09% up ×3
RMNI $7,972,590 2.72% up ×3
BRK-B (filed as BRKB) $7,901,158 2.70% up ×3
RPC $6,812,311 2.32% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
FLR $6,128,844 116,985 2.09%
TYGO $2,670,180 1,146,000 0.91%
FTK $2,234,400 95,000 0.76%
CYRX $2,041,000 130,000 0.70%
KRNT $1,462,500 90,000 0.50%
SCM $1,125,754 133,700 0.38%
AMD $290,455 500 0.10%
GLW $255,430 1,000 0.09%
NVO $249,288 5,200 0.09%
IBM $224,968 800 0.08%
UNH $207,815 500 0.07%
OPRX $183,040 32,000 0.06%
Unknown issuer (CUSIP: 25382K100) $146,933 17,875 0.05%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
GENI Bought more +1.2M +$13.2M
PAR Bought more +509K +$10.1M
PDFS Trimmed -372K +$8.7M
AIOT Bought more +1.3M +$7.8M
PACK Bought more +89K +$5.6M
CGNT Bought more +405K +$4.2M
INSE Bought more +194K +$3.9M
ZETA Bought more +63K +$3.1M
RMNI Bought more +220K +$2.6M
AIP Trimmed -804K -$2.3M

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
THRY Dec. 31, 2025 1,306,825 $15,760,310 -74.9%
CTLP Sept. 30, 2025 1,257,785 $13,823,057 No longer tracked
DBRG March 31, 2026 402,145 $6,168,904 3.8%
QXO June 30, 2026 316,375 $6,144,003 -30.2%
TTGT March 31, 2026 941,350 $5,083,290 -8.0%
AZN June 30, 2026 24,665 $4,777,306 -17.3%
MDXH June 30, 2026 1,449,450 $3,333,735 38.9%
RKT June 30, 2026 224,835 $3,203,899 -25.7%
NEO June 30, 2026 316,670 $2,349,691 26.6%
ASPN June 30, 2026 645,625 $2,208,038 -10.3%
CERT Sept. 30, 2025 160,000 $1,872,000 -23.4%
COUR Dec. 31, 2025 155,000 $1,815,050 -31.8%
BLND June 30, 2026 982,500 $1,670,250 -39.8%
PAYX March 31, 2026 13,400 $1,503,212 7.4%
DD June 30, 2026 31,048 $1,421,998 -4.2%
CCI March 31, 2026 15,755 $1,400,147 -18.3%
DAKT June 30, 2026 57,500 $1,124,125 -8.2%
NEXN Dec. 31, 2025 110,500 $1,022,125 34.7%
SSTI Dec. 31, 2025 71,000 $856,260 3.7%
URNM June 30, 2025 24,215 $785,535 -1.1%
SVCO Sept. 30, 2025 155,100 $732,072 69.1%
CCC Sept. 30, 2025 70,000 $658,700 -28.0%
NVO March 31, 2026 5,200 $264,576 1.6%
UNH June 30, 2025 500 $261,875 19.2%
IBM March 31, 2026 800 $236,968 -8.1%
DMRC June 30, 2026 19,375 $95,131 -22.6%
BDSX (filed as BDSXXXXX) Sept. 30, 2025 25,000 $7,055 267.2%
URNM Dec. 31, 2025 50 $3,022 -13.6%