Performance vs S&P 500

03
Tracked Q4 2025–Q2 2026 +1.5%
S&P 500 total return (same window) +8.7%
Excess return -7.2%

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: 95.9% · Options excluded: 0.6%

Sector breakdown

04
Technology 23.9%
Financials 12.9%
Healthcare 12.8%
Industrials 12.1%
Communication Services 9.3%
Retail 9.1%
Materials 2.8%
Consumer Discretionary 2.0%
Energy 0.7%
Consumer products 0.5%
Real Estate 0.3%
Consumer Staples 0.3%
Utilities 0.2%
Other/Unmapped 13.2%

Full portfolio 117 positions

05
Type Streak 8Q trend
SPY SPY $25,315,503 7.39% 339 Put option $25,185,435 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $17,013,237 4.96% 47,667 $3,814,838 Up ×1
AMZN Amazon.com, Inc. - Common Stock $12,468,273 3.64% 52,274 $2,371,190 Up ×5
MSFT Microsoft Corporation - Common Stock $12,339,269 3.60% 33,123 $1,690,056 Up ×1
AVGO Broadcom Inc. - Common Stock $11,827,307 3.45% 31,361 $2,676,002 Up ×2
MA Mastercard Incorporated Common Stock $11,432,236 3.34% 22,280 $3,155,260 Up ×1
BAC Bank of America Corporation Common Stock $10,566,764 3.08% 185,068 $2,710,180 Up ×2
ABBV AbbVie Inc. Common Stock $10,353,829 3.02% 41,086 $2,891,675 Up ×1
AMAT Applied Materials, Inc. - Common Stock $9,594,973 2.80% 13,348 $4,321,174 Down ×2
AAPL Apple Inc. - Common Stock $9,512,786 2.78% 32,986 $1,428,549 Up ×6
NVDA NVIDIA Corporation - Common Stock $8,880,662 2.59% 44,511 $8,513,529 Up ×1
AME AMETEK, Inc. $8,819,750 2.57% 36,544 $2,174,888 Up ×1
TJX TJX Companies, Inc. (The) Common Stock $8,749,190 2.55% 57,765 $569,458 Up ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $8,337,253 2.43% 20,032 $2,974,659 Up ×6
TT Trane Technologies plc $7,904,569 2.31% 16,138 $2,480,488 Up ×1
WMT Walmart Inc. - Common Stock $7,614,448 2.22% 67,120 $740,340 Up ×1
DHR Danaher Corporation Common Stock $7,446,246 2.17% 39,035 $1,772,041 Up ×6
TSM Taiwan Semiconductor Manufacturing Company Ltd. $7,185,893 2.10% 15,133 $2,254,387 Up ×1
HBAN Huntington Bancshares Incorporated - Common Stock $7,175,216 2.09% 404,420 $1,801,224 Up ×4
ISRG Intuitive Surgical, Inc. - Common Stock $7,128,706 2.08% 17,880 $1,522,028 Up ×4
ECL Ecolab Inc. Common Stock $6,959,660 2.03% 24,981 $1,857,599 Up ×1
CP Canadian Pacific Kansas City Limited Common Shares $6,773,269 1.98% 78,062 $1,488,077 Up ×1
ICE Intercontinental Exchange Inc. Common Stock $6,608,946 1.93% 53,694 $-613,156 Up ×1
BSX Boston Scientific Corporation Common Stock $6,424,074 1.87% 150,265 $225,804 Up ×4
ANET Arista Networks, Inc. Common Stock $5,998,676 1.75% 35,477 $5,790,812 Up ×1
TEL TE Connectivity plc Ordinary Shares $5,159,744 1.51% 25,641 $402,932 Up ×1
LVS Las Vegas Sands Corp. Common Stock $5,004,558 1.46% 108,300 $123,600 Up ×1
ORCL Oracle Corporation Common Stock $4,667,086 1.36% 31,809 $534,649 Up ×3
CDNS Cadence Design Systems, Inc. - Common Stock $4,628,732 1.35% 12,345 $970,161 Down ×2
VCSH Vanguard Short-Term Corporate Bond ETF $4,492,066 1.31% 56,840 $1,010,931 Up ×1
KEYS Keysight Technologies Inc. Common Stock $4,448,058 1.30% 12,759 Up ×1
NOW ServiceNow, Inc. Common Stock $4,043,575 1.18% 40,691 $305,020 Up ×4
FISV Fiserv, Inc. - Common Stock $3,965,138 1.16% 80,882 $164,194 Up ×2
TRMB Trimble Inc. - Common Stock $3,853,562 1.12% 75,368 $-583,468 Up ×4
INTU Intuit Inc. - Common Stock $3,447,531 1.01% 13,175 $3,178,342 Up ×2
GOOG Alphabet Inc. - Class C Capital Stock $2,430,910 0.71% 6,880 $435,838 Down ×1
QQQ Invesco QQQ Trust, Series 1 $2,430,120 0.71% 33 Put option $1,391,196 Down ×1
NFLX Netflix, Inc. - Common Stock $2,272,164 0.66% 31,823 $403,410 Up ×1
AEM Agnico Eagle Mines Limited Common Stock $1,927,294 0.56% 12,409 Up ×1
VCIT Vanguard Intermediate-Term Corporate Bond ETF $1,917,620 0.56% 23,180 $511,792 Up ×4
IPO RENAISSANCE CAPITAL GREENWICH FUNDS $1,824,194 0.53% 307 Put option Up ×1
LRCX Lam Research Corporation - Common Stock $1,715,987 0.50% 3,960 $1,315,091 Up ×1
ACWI iShares MSCI ACWI ETF $1,648,185 0.48% 10,500 $1,407,460 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $1,638,610 0.48% 2,909 $657,678 Up ×3
DIS Walt Disney Company (The) Common Stock $1,581,772 0.46% 16,434 $404,388 Up ×2
PANW Palo Alto Networks, Inc. - Common Stock $1,314,973 0.38% 3,856 $474,881 Down ×1
VWO VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $1,272,520 0.37% 21,350 $342,597 Up ×1
EL Estee Lauder Companies, Inc. (The) Common Stock $1,219,166 0.36% 16,328 $-14,713 Down ×1
NKE Nike, Inc. Common Stock $1,202,888 0.35% 29,303 $692,924 Up ×1
QCOM QUALCOMM Incorporated - Common Stock $1,121,860 0.33% 6,071 $-1,204 Down ×2
TTE TotalEnergies SE Ordinary Shares $1,089,604 0.32% 14,009 $156,639 Up ×1
VOO VANGUARD INDEX FUNDS $1,036,396 0.30% 1,509 $701,872 Down ×1
VMBS Vanguard Mortgage-Backed Securities ETF $852,083 0.25% 18,203 $-339,425 Up ×4
AZN AstraZeneca PLC - American Depositary Shares $846,278 0.25% 4,522 $-140,334 Down ×1
ADBE Adobe Inc. - Common Stock $797,323 0.23% 3,889 $-3,168,881 Down ×1
B Barrick Mining Corporation Common Shares $791,017 0.23% 21,536 $118,400 Up ×1
PWR Quanta Services, Inc. Common Stock $781,243 0.23% 1,085 $200,172 Down ×5
MET MetLife, Inc. Common Stock $761,490 0.22% 90 Put option Up ×1
DLR Digital Realty Trust, Inc. Common Stock $754,236 0.22% 42 Put option $-2,646 Down ×1
ABT Abbott Laboratories Common Stock $753,051 0.22% 8,299 $310,006 Down ×1
CVX Chevron Corporation Common Stock $737,134 0.22% 4,447 $95,923 Down ×1
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $725,224 0.21% 7,556 $-36,315 Up ×1
JPM JP Morgan Chase & Co. Common Stock $710,634 0.21% 2,171
FXI iShares Trust $680,132 0.20% 21,530 $87,473 Up ×1
CAT Caterpillar, Inc. Common Stock $673,017 0.20% 632 Up ×1
IGV iShares Trust $652,032 0.19% 7,200 $-138,992 Down ×1
TRUP Trupanion, Inc. - Common Stock $604,883 0.18% 24,420
GE GE Aerospace Common Stock $601,706 0.18% 1,610 Up ×1
KO Coca-Cola Company (The) Common Stock $597,498 0.17% 7,352 $116,982 Up ×1
LLY Eli Lilly and Company Common Stock $584,123 0.17% 487 Up ×1
VPL VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $531,913 0.16% 4,605 $-194,360 Down ×1
NVO Novo Nordisk A/S Common Stock $531,655 0.16% 11,090 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $475,370 0.14% 950
MPC Marathon Petroleum Corporation Common Stock $466,854 0.14% 1,826 $75,088 Up ×1
THC Tenet Healthcare Corporation Common Stock $460,776 0.13% 2,463 $-1,189 Up ×1
JD JD.com, Inc. - American Depositary Shares $459,073 0.13% 18,017
APH Amphenol Corporation Common Stock $442,916 0.13% 2,512 Up ×1
TEAM Atlassian Corporation - Class A Common Stock $438,891 0.13% 5,642 Up ×1
C Citigroup, Inc. Common Stock $433,876 0.13% 3,100 $89,647 Down ×1
LHX L3Harris Technologies, Inc. Common Stock $429,492 0.13% 1,478 $-784,264 Down ×1
HD Home Depot, Inc. (The) Common Stock $426,037 0.12% 1,208 $107,959 Down ×1
CCEP Coca-Cola Europacific Partners plc - Ordinary Shares $423,211 0.12% 4,288 $71,750 Up ×1
BMY Bristol-Myers Squibb Company Common Stock $421,260 0.12% 7,311 $-16,958 Up ×4
CRDO Credo Technology Group Holding Ltd - Ordinary Shares $417,445 0.12% 1,535 Up ×1
JNJ Johnson & Johnson Common Stock $409,399 0.12% 1,612 $-276,608 Down ×1
FERG Ferguson Enterprises Inc. Common Stock $386,074 0.11% 1,625 $37,543 Up ×1
AXIA AXIA Energia American Depositary Shares (Each representing one Common Share) $367,425 0.11% 34,794 Up ×1
COST Costco Wholesale Corporation - Common Stock $352,672 0.10% 377 Up ×1
CME CME Group Inc. - Class A Common Stock $351,120 0.10% 1,590 Up ×1
OIH VanEck ETF Trust $347,551 0.10% 934
CSCO Cisco Systems, Inc. - Common Stock $345,333 0.10% 2,940 $62,544 Down ×2
MAR Marriott International - Class A Common Stock $344,278 0.10% 929 Up ×1
PGR Progressive Corporation (The) Common Stock $339,035 0.10% 1,552 Up ×1
PG Procter & Gamble Company (The) Common Stock $318,355 0.09% 2,171
SPGI S&P Global Inc. Common Stock $315,627 0.09% 775
ILF iShares Trust $313,875 0.09% 9,300 Up ×1
KURE Krane Shares Trust $304,405 0.09% 19,331 Up ×1
UBER Uber Technologies, Inc. Common Stock $301,052 0.09% 4,172 Up ×1
ETN Eaton Corporation, PLC Ordinary Shares $300,415 0.09% 705
AAXJ iShares MSCI All Country Asia ex Japan ETF $298,325 0.09% 2,500 $-162,363 Down ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
AMZN $12,468,273 3.64% up ×5
AAPL $9,512,786 2.78% up ×6
UNH $8,337,253 2.43% up ×6
DHR $7,446,246 2.17% up ×6
HBAN $7,175,216 2.09% up ×4
ISRG $7,128,706 2.08% up ×4
BSX $6,424,074 1.87% up ×4
ORCL $4,667,086 1.36% up ×3
NOW $4,043,575 1.18% up ×4
TRMB $3,853,562 1.12% up ×4
VCIT $1,917,620 0.56% up ×4
META $1,638,610 0.48% up ×3
VMBS $852,083 0.25% up ×4
BMY $421,260 0.12% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
KEYS $4,448,058 12,759 1.30%
AEM $1,927,294 12,409 0.56%
IPO $1,824,194 307 0.53%
MET $761,490 90 0.22%
JPM $710,634 2,171 0.21%
CAT $673,017 632 0.20%
TRUP $604,883 24,420 0.18%
GE $601,706 1,610 0.18%
LLY $584,123 487 0.17%
NVO $531,655 11,090 0.16%
BRK-B (filed as BRKB) $475,370 950 0.14%
JD $459,073 18,017 0.13%
APH $442,916 2,512 0.13%
TEAM $438,891 5,642 0.13%
CRDO $417,445 1,535 0.12%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AMAT Trimmed -2K +$4.3M
GOOGL Bought more +2K +$3.8M
ADBE Trimmed -12K -$3.2M
MA Bought more +5K +$3.2M
UNH Bought more +66 +$3.0M
ABBV Bought more +7K +$2.9M
BAC Bought more +25K +$2.7M
AVGO Bought more +1K +$2.7M
TT Bought more +3K +$2.5M
AMZN Bought more +4K +$2.4M

4 positions 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
CP Sept. 30, 2025 59,532 $4,719,102 15.4%
COR March 31, 2026 4,837 $1,633,872 -1.6%
INDA June 30, 2026 10,500 $1,452,885
SPGI March 31, 2026 2,305 $1,204,844 -9.2%
TRUP March 31, 2026 24,420 $912,575 -7.9%
AZN Dec. 31, 2025 5,817 $875,634 -14.7%
VOT June 30, 2026 1,405 $839,558
MTB March 31, 2026 4,050 $815,873 6.0%
ULTA June 30, 2026 24,670 $756,074 20.6%
B Sept. 30, 2025 32,433 $675,255 22.8%
GOLD June 30, 2025 32,433 $630,498 90.7%
BAC Sept. 30, 2025 12,121 $573,566 4.2%
DG June 30, 2025 6,515 $572,864 4.0%
ADSK June 30, 2026 6,112 $539,859 9.0%
CCJ Sept. 30, 2025 6,928 $514,265 1.6%
STT June 30, 2025 5,403 $483,731 65.5%
TCEHY Dec. 31, 2025 5,644 $480,587 No longer tracked
BRK-B (filed as BRKB) June 30, 2025 874 $465,475 No longer tracked
COR June 30, 2025 1,590 $442,163 3.1%
VIOO June 30, 2025 4,425 $427,057
LYB June 30, 2026 19,893 $409,676 11.3%
AXIAPRC June 30, 2026 34,794 $392,476 No longer tracked
CPNG Dec. 31, 2025 10,760 $346,472 -41.6%
VAL Dec. 31, 2025 6,863 $334,709 55.5%
ASPI Sept. 30, 2025 44,195 $325,275 -69.8%
HON June 30, 2026 1,305 $308,840 -4.4%
JPM March 31, 2026 882 $284,209 13.0%
MPC June 30, 2025 1,826 $266,030 154.2%
OIH March 31, 2026 934 $265,975 -2.6%
EWU June 30, 2025 6,919 $259,255
TH Dec. 31, 2025 29,999 $254,392 135.2%
APPF Dec. 31, 2025 920 $253,607 -12.8%
VGK June 30, 2026 2,540 $248,234
GILD June 30, 2026 3,164 $245,617 14.6%
IEMG June 30, 2025 4,411 $238,062
TLN June 30, 2026 970 $237,832 -16.5%
MTB June 30, 2025 1,320 $235,950 13.0%
DFS June 30, 2025 1,370 $233,859 No longer tracked
EWU June 30, 2026 3,300 $230,175
BABA June 30, 2025 1,722 $227,700 -6.7%
ETN March 31, 2026 705 $224,551 21.9%
VZ June 30, 2026 2,748 $223,663 8.5%
IEMG March 31, 2026 3,300 $221,826
EEM June 30, 2026 6,165 $221,324
ALB June 30, 2026 1,325 $219,804 -22.5%
YUMC June 30, 2026 2,232 $217,193 -2.2%
XOM June 30, 2025 1,784 $212,171 52.1%
TWLO Sept. 30, 2025 1,703 $211,785 194.3%
EA June 30, 2025 1,439 $207,964 No longer tracked
VOT June 30, 2025 828 $202,562
URI June 30, 2025 320 $200,544 43.5%
BABA Dec. 31, 2025 1,057 $188,918 -27.8%
SABR Dec. 31, 2025 100,000 $183,000 44.9%
ADP Dec. 31, 2025 580 $170,233 0.2%
VGK Dec. 31, 2025 2,130 $168,717
MANU Dec. 31, 2025 11,140 $168,660 26.1%
TEL Dec. 31, 2025 758 $166,404 -3.1%
UHS Dec. 31, 2025 810 $165,590 -19.4%
SYY Dec. 31, 2025 1,940 $159,741 5.2%
YUM Dec. 31, 2025 1,015 $154,280 -10.0%
KMB Dec. 31, 2025 1,205 $149,831 -6.5%
STT Dec. 31, 2025 1,260 $146,174 36.4%
EWU Dec. 31, 2025 3,459 $145,174
C Dec. 31, 2025 1,365 $138,548 10.1%
CCK Dec. 31, 2025 1,410 $136,198 3.0%
EWJ Dec. 31, 2025 1,679 $134,689
NTRS Dec. 31, 2025 1,000 $134,600 25.5%
ADSK Dec. 31, 2025 417 $132,469 -28.4%
LITE Dec. 31, 2025 800 $130,168 194.5%
AEP Dec. 31, 2025 1,120 $126,001 3.7%
VOT Dec. 31, 2025 414 $121,629
JD Dec. 31, 2025 3,427 $119,876 -10.2%
GILD Dec. 31, 2025 1,060 $117,660 17.9%
NU Dec. 31, 2025 7,330 $117,353 -19.8%
MBGAF Dec. 31, 2025 1,850 $116,228 No longer tracked
NEE Dec. 31, 2025 1,520 $114,746 -4.3%
ELV Dec. 31, 2025 355 $114,708 10.2%
VZ Dec. 31, 2025 2,587 $113,698 12.7%
NTAP Dec. 31, 2025 955 $113,129 111.3%
IP Dec. 31, 2025 2,411 $111,870 -18.8%
A Dec. 31, 2025 860 $110,381 23.3%
MDLZ Dec. 31, 2025 1,765 $110,260 8.1%
PPL Dec. 31, 2025 2,946 $109,473 -6.3%
FNMAS Dec. 31, 2025 6,564 $109,126 No longer tracked
SPG Dec. 31, 2025 575 $107,910 8.6%
EEM Dec. 31, 2025 2,000 $106,800
FITB Dec. 31, 2025 2,390 $106,477 8.7%
FMCKJ Dec. 31, 2025 6,723 $105,148 No longer tracked
AGCO Dec. 31, 2025 960 $102,787 9.9%
IBIT Dec. 31, 2025 1,550 $100,734
WFC Dec. 31, 2025 1,200 $100,584 -13.7%
TME Dec. 31, 2025 4,250 $99,195 -55.8%
CAH Dec. 31, 2025 600 $94,176 11.1%
OKE Dec. 31, 2025 1,285 $93,768 19.6%
DRI Dec. 31, 2025 485 $92,326 8.9%
LYB Dec. 31, 2025 1,725 $84,594 35.3%
INTC Dec. 31, 2025 2,385 $80,515 223.4%
MCHI Dec. 31, 2025 1,050 $69,143
PYPL Dec. 31, 2025 1,000 $67,060 -9.6%
CE Dec. 31, 2025 1,459 $61,396 4.5%
QTUM Dec. 31, 2025 535 $56,127
NOC Dec. 31, 2025 90 $54,839 -16.2%
BX Dec. 31, 2025 310 $52,964 -27.5%
YUMC Dec. 31, 2025 1,217 $52,234 -16.3%
SNPS Dec. 31, 2025 90 $44,405 4.3%
CRM Dec. 31, 2025 168 $39,816 -11.4%
URA Dec. 31, 2025 830 $39,566
PM Dec. 31, 2025 231 $37,651 16.9%
AMGN Dec. 31, 2025 136 $37,260 23.1%
TSLA June 30, 2026 100 $37,175 -11.9%
MCD Dec. 31, 2025 122 $36,965 -24.1%
ARTY Dec. 31, 2025 725 $33,191
BOTZ Dec. 31, 2025 915 $32,418
PVH Dec. 31, 2025 361 $30,241 12.7%
PG Dec. 31, 2025 196 $30,092 1.1%
LIN Dec. 31, 2025 62 $29,468 12.5%
SBUX Dec. 31, 2025 340 $29,118 12.5%
SEDG Dec. 31, 2025 750 $27,750 14.7%
UNP Dec. 31, 2025 113 $26,688 20.3%
APTV Dec. 31, 2025 290 $25,004 -42.8%
ETHA Dec. 31, 2025 750 $23,790
RUN Dec. 31, 2025 1,118 $19,878 -58.1%
UPS Dec. 31, 2025 230 $19,435 -6.2%
MDT Dec. 31, 2025 173 $16,257 -10.1%
QS Dec. 31, 2025 1,200 $14,784 -56.1%
BIIB Dec. 31, 2025 57 $7,986 24.9%
JXN Dec. 31, 2025 66 $6,681 23.3%
PJT Dec. 31, 2025 7 $1,244 -17.1%