Performance vs S&P 500

03
Tracked Q3 2025–Q2 2026 +12.2%
S&P 500 total return (same window) +13.0%
Excess return -0.8%

Annualized: +16.6% · S&P 500: +17.7%

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: 95.9% · Options excluded: 0.0%

Sector breakdown

04
Technology 20.9%
Communication Services 12.8%
Financials 8.7%
Healthcare 7.8%
Retail 7.6%
Industrials 6.6%
Utilities 6.1%
Real Estate 2.8%
Energy 2.1%
Consumer Discretionary 1.5%
Consumer Staples 1.1%
Consumer products 0.7%
Materials 0.2%
Other/Unmapped 21.1%

Full portfolio 246 positions

05
Type Streak 8Q trend
AAPL Apple Inc. - Common Stock $42,760,011 5.61% 147,775 $8,582,746 Up ×2
SGOV iShares Trust $41,227,385 5.41% 409,530 $4,785,143 Up ×3
GOOGL Alphabet Inc. - Class A Common Stock $40,574,924 5.33% 113,538 $9,362,017 Up ×1
MSFT Microsoft Corporation - Common Stock $40,536,865 5.32% 108,672 $1,025,840 Up ×1
AMZN Amazon.com, Inc. - Common Stock $32,149,206 4.22% 134,888 $6,301,441 Up ×3
GOOG Alphabet Inc. - Class C Capital Stock $30,606,003 4.02% 86,622 $7,193,288 Up ×2
NVDA NVIDIA Corporation - Common Stock $26,302,792 3.45% 131,455 $4,506,101 Up ×2
QQQ Invesco QQQ Trust, Series 1 $26,051,094 3.42% 35,376 $5,847,485 Up ×1
XLK SELECT SECTOR SPDR TRUST $19,722,185 2.59% 103,518 $6,047,011 Up ×1
JNJ Johnson & Johnson Common Stock $19,503,132 2.56% 76,793 $2,067,745 Up ×1
JPM JP Morgan Chase & Co. Common Stock $19,229,180 2.52% 58,746 $2,344,102 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $19,017,374 2.50% 33,761 $420,288 Up ×1
SPY SPY $16,414,819 2.15% 21,981 $2,475,488 Up ×2
LLY Eli Lilly and Company Common Stock $12,823,652 1.68% 10,691 $5,024,912 Up ×3
BAC Bank of America Corporation Common Stock $11,458,792 1.50% 201,102 $1,791,374 Up ×1
AMGN Amgen Inc. - Common Stock $9,976,469 1.31% 27,550 $926,430 Up ×1
WMT Walmart Inc. - Common Stock $9,861,651 1.29% 87,071 $-572,152 Up ×1
CAT Caterpillar, Inc. Common Stock $9,772,587 1.28% 9,177 $3,219,332 Down ×3
D Dominion Energy, Inc. Common Stock $9,721,218 1.28% 142,352 $934,927 Up ×3
UNP Union Pacific Corporation Common Stock $9,029,701 1.19% 33,197 $2,484,784 Up ×3
COST Costco Wholesale Corporation - Common Stock $8,173,315 1.07% 8,737 $194,900 Up ×1
AMAT Applied Materials, Inc. - Common Stock $8,161,947 1.07% 11,289 $4,303,138 Down ×1
CVX Chevron Corporation Common Stock $7,921,392 1.04% 47,788 $-2,498,299 Down ×2
V Visa Inc. $7,651,171 1.00% 22,301 $2,026,182 Up ×1
APO Apollo Global Management, Inc. (New) Common Stock $7,445,012 0.98% 62,928 $433,686 Up ×3
SO Southern Company (The) Common Stock $7,004,051 0.92% 73,180 $-48,086 Up ×3
IBM International Business Machines Corporation Common Stock $6,894,599 0.91% 24,518 $1,318,173 Up ×1
MU Micron Technology, Inc. - Common Stock $6,872,179 0.90% 5,954 $5,175,547 Up ×1
AVGO Broadcom Inc. - Common Stock $6,667,463 0.88% 17,650 $1,792,990 Up ×3
WM Waste Management, Inc. Common Stock $6,402,674 0.84% 28,727 $-218,035 Down ×3
VGT Vanguard Information Tech ETF $6,259,960 0.82% 52,376 $1,688,053 Up ×1
DUK Duke Energy Corporation (Holding Company) Common Stock $6,230,684 0.82% 49,223 $-130,643 Up ×3
ES Eversource Energy (D/B/A) Common Stock $6,193,848 0.81% 85,704 $448,665 Up ×3
NEE NextEra Energy, Inc. Common Stock $5,599,814 0.74% 63,801 $1,013,771 Up ×1
TSLA Tesla, Inc. - Common Stock $5,195,251 0.68% 12,352 $891,501 Up ×3
ABT Abbott Laboratories Common Stock $5,044,976 0.66% 55,598 $-73,226 Up ×1
ABBV AbbVie Inc. Common Stock $4,821,199 0.63% 19,159 $1,290,393 Up ×3
AMD Advanced Micro Devices, Inc. - Common Stock $4,775,080 0.63% 8,220 $3,184,664 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $4,774,721 0.63% 9,542 $233,343 Up ×3
Unknown issuer (CUSIP: 30233Q108) $4,452,982 0.58% 32,570 Up ×1
ORCL Oracle Corporation Common Stock $4,414,231 0.58% 30,121 $269,277 Up ×1
RTX RTX Corporation Common Stock $4,342,255 0.57% 22,886 $379,124 Up ×1
WFC Wells Fargo & Company Common Stock $4,285,176 0.56% 51,854 $348,302 Up ×1
HD Home Depot, Inc. (The) Common Stock $4,129,636 0.54% 11,709 $620,380 Up ×1
DIA State Street SPDR Dow Jones Industrial Average ETF Trust $4,049,567 0.53% 7,752 $458,918
KMI Kinder Morgan, Inc. Common Stock $4,018,597 0.53% 125,699 $-40,176 Up ×3
IVV iShares Core S&P 500 ETF $3,996,308 0.52% 5,336 $556,302 Up ×1
MCD McDonald's Corporation Common Stock $3,772,006 0.50% 13,954 $-193,611 Up ×2
PG Procter & Gamble Company (The) Common Stock $3,556,913 0.47% 24,256 $159,540 Up ×2
UNH UnitedHealth Group Incorporated Common Stock (DE) $3,056,543 0.40% 7,354 $1,057,153 Down ×2
AEP American Electric Power Company, Inc. - Common Stock $3,050,453 0.40% 22,297 $127,762
PEP PepsiCo, Inc. - Common Stock $2,844,239 0.37% 21,006 $-210,626 Up ×1
GLD SPDR Gold Shares $2,738,905 0.36% 7,435 $-460,301
VICI VICI Properties Inc. Common Stock $2,697,639 0.35% 101,606 $-94,001 Down ×1
GEV GE Vernova Inc. Common Stock $2,642,432 0.35% 2,249 $1,488,458 Up ×1
NNN NNN REIT, Inc. Common Stock $2,564,641 0.34% 55,118 $250,133 Up ×2
INTC Intel Corporation - Common Stock $2,509,698 0.33% 17,974 $1,688,001 Down ×2
SOXX iShares Trust $2,475,115 0.32% 3,863 $1,217,990 Up ×2
GE GE Aerospace Common Stock $2,337,303 0.31% 6,254 $850,863 Up ×1
KO Coca-Cola Company (The) Common Stock $2,312,010 0.30% 28,449 $474,414 Up ×2
CSCO Cisco Systems, Inc. - Common Stock $2,221,614 0.29% 18,914 $754,889 Up ×2
USB U.S. Bancorp Common Stock $2,054,566 0.27% 34,016 $272,807 Down ×3
LRCX Lam Research Corporation - Common Stock $2,053,504 0.27% 4,739 $1,440,300 Up ×1
XLF SELECT SECTOR SPDR TRUST $2,022,218 0.27% 37,721 $135,251 Down ×1
O Realty Income Corporation Common Stock $2,019,214 0.27% 32,589 $126,366 Up ×2
EPD Enterprise Products Partners L.P. Common Stock $1,953,684 0.26% 53,147 $-57,398
NWE NorthWestern Energy Group, Inc. - Common Stock $1,907,097 0.25% 26,628 $158,170 Up ×3
WELL Welltower Inc. Common Stock $1,894,292 0.25% 8,346 $244,600 Up ×1
PNW Pinnacle West Capital Corporation Common Stock $1,893,365 0.25% 17,695 $143,337 Up ×2
MA Mastercard Incorporated Common Stock $1,826,764 0.24% 3,557 $648,066 Up ×2
EVRG Evergy, Inc. - Common Stock $1,824,710 0.24% 21,112 $87,023 Down ×3
PM Philip Morris International Inc Common Stock $1,800,567 0.24% 9,953 $146,864 Down ×1
GLW Corning Incorporated Common Stock $1,797,787 0.24% 7,038 $1,109,339 Up ×1
SMH SMH $1,719,437 0.23% 2,622 $686,437 Down ×1
WSM Williams-Sonoma, Inc. Common Stock (DE) $1,687,644 0.22% 7,240 $367,575
NFLX Netflix, Inc. - Common Stock $1,677,614 0.22% 23,496 $-47,317 Up ×3
IWF iShares Trust $1,641,031 0.22% 13,216 $232,205 Up ×1
C Citigroup, Inc. Common Stock $1,541,223 0.20% 11,012 $292,367
DE Deere & Company Common Stock $1,465,426 0.19% 2,310 $280,243 Up ×2
QQQX Nuveen NASDAQ 100 Dynamic Overwrite Fund - Closed End Fund $1,386,892 0.18% 46,015 $146,337 Down ×3
PLD Prologis, Inc. Common Stock $1,383,420 0.18% 10,212 $33,598
QCOM QUALCOMM Incorporated - Common Stock $1,357,098 0.18% 7,344 $424,216 Up ×1
VOOG Vanguard S&P 500 Growth ETF $1,348,443 0.18% 16,321 Up ×1
NSC Norfolk Southern Corporation Common Stock $1,343,537 0.18% 4,270 $118,047
DIS Walt Disney Company (The) Common Stock $1,341,575 0.18% 13,938 $61,221 Up ×1
BACPRL CUSIP: 060505682 $1,334,788 0.18% 1,064 $66,968
GS Goldman Sachs Group, Inc. (The) Common Stock $1,196,184 0.16% 1,183 $496,440 Up ×2
WFCPRL CUSIP: 949746804 $1,195,181 0.16% 1,033 $2,066
STAG Stag Industrial, Inc. Common Stock $1,192,344 0.16% 31,328 $98,716 Up ×1
IYW iShares Trust $1,188,541 0.16% 4,712 $348,204 Up ×1
MRK Merck & Company, Inc. Common Stock (new) $1,165,546 0.15% 9,070 $196,056 Up ×3
VZ Verizon Communications Inc. Common Stock $1,135,367 0.15% 26,815 $-215,737 Down ×3
PLTR Palantir Technologies Inc. - Class A Common Stock $1,095,648 0.14% 9,391 $102,261 Up ×3
XLC SELECT SECTOR SPDR TRUST $1,090,905 0.14% 10,183 $-37,982
EGP EastGroup Properties, Inc. Common Stock $1,016,128 0.13% 5,017 $87,507
CARR Carrier Global Corporation Common Stock $991,399 0.13% 13,516 $-27,587 Down ×1
NI NiSource Inc Common Stock $988,899 0.13% 20,797 $18,919 Up ×2
HACK Amplify Cybersecurity ETF $953,079 0.13% 9,083 $279,296 Up ×1
AXP American Express Company Common Stock $951,607 0.12% 2,813 $609,502 Up ×1
GWW W.W. Grainger, Inc. Common Stock $944,042 0.12% 694 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
SGOV $41,227,385 5.41% up ×3
AMZN $32,149,206 4.22% up ×3
LLY $12,823,652 1.68% up ×3
D $9,721,218 1.28% up ×3
UNP $9,029,701 1.19% up ×3
APO $7,445,012 0.98% up ×3
SO $7,004,051 0.92% up ×3
AVGO $6,667,463 0.88% up ×3
DUK $6,230,684 0.82% up ×3
ES $6,193,848 0.81% up ×3
TSLA $5,195,251 0.68% up ×3
ABBV $4,821,199 0.63% up ×3
BRK-B (filed as BRKB) $4,774,721 0.63% up ×3
KMI $4,018,597 0.53% up ×3
NWE $1,907,097 0.25% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 30233Q108) $4,452,982 32,570 0.58%
VOOG $1,348,443 16,321 0.18%
GWW $944,042 694 0.12%
Unknown issuer (CUSIP: 438516205) $901,198 4,025 0.12%
Unknown issuer (CUSIP: 43849R105) $889,847 4,025 0.12%
ASML $783,839 394 0.10%
NOC $746,514 1,466 0.10%
AMSC $666,402 16,054 0.09%
ARM $630,780 1,779 0.08%
CTAS $612,596 3,602 0.08%
CMI $557,573 782 0.07%
SNDK $454,746 200 0.06%
APH $449,054 2,547 0.06%
DELL $408,285 946 0.05%
Unknown issuer (CUSIP: 02079K602) $406,977 8,091 0.05%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
GOOGL Bought more +5K +$9.4M
AAPL Bought more +13K +$8.6M
GOOG Bought more +5K +$7.2M
AMZN Bought more +11K +$6.3M
XLK Bought more +620 +$6.0M
QQQ Bought more +372 +$5.8M
MU Bought more +932 +$5.2M
LLY Bought more +2K +$5.0M
SGOV Bought more +47K +$4.8M
NVDA Bought more +6K +$4.5M

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
XOM June 30, 2026 36,274 $6,154,178 33.1%
TWLO March 31, 2026 11,320 $1,610,157 101.7%
HON June 30, 2026 6,847 $1,547,627 -2.1%
PKST June 30, 2026 58,520 $1,222,483 No longer tracked
ADBE March 31, 2026 1,628 $569,784 0.8%
VST March 31, 2026 3,075 $496,090 -5.1%
DIAX March 31, 2026 31,850 $486,031 No longer tracked
CRM March 31, 2026 1,726 $457,235 24.0%
XLP Dec. 31, 2025 5,732 $449,217 No longer tracked
COR March 31, 2026 1,154 $389,764 4.3%
INTU March 31, 2026 542 $359,032 -24.1%
AGQ March 31, 2026 2,287 $354,759 -58.1%
FISV Dec. 31, 2025 2,590 $333,929 -28.7%
ADSK March 31, 2026 1,114 $329,755 -0.6%
ARM Dec. 31, 2025 2,330 $329,672 109.6%
UBER March 31, 2026 3,999 $326,758 -9.3%
CSX Dec. 31, 2025 8,747 $310,606 43.4%
AVAV March 31, 2026 1,275 $308,410 -27.9%
SBUX Dec. 31, 2025 3,636 $307,606 22.6%
RKT Dec. 31, 2025 14,861 $288,006 -40.2%
ARE March 31, 2026 5,614 $274,749 -12.6%
LYB Dec. 31, 2025 5,520 $270,701 55.0%
UL (filed as ULXXXX) Dec. 31, 2025 4,528 $268,420 -2.2%
CEG March 31, 2026 759 $268,132 -6.1%
CMCSA March 31, 2026 8,955 $267,665 -23.9%
ADP March 31, 2026 1,034 $265,976 40.1%
GIS March 31, 2026 5,583 $259,610 -11.2%
NXRT March 31, 2026 7,825 $235,533 -28.7%
UL June 30, 2026 4,098 $233,463 6.4%
GRMN June 30, 2026 1,000 $232,010 14.7%
CCI March 31, 2026 2,596 $230,707 8.2%
EPR Dec. 31, 2025 3,950 $229,140 11.2%
IAU June 30, 2026 2,592 $228,511 1.4%
GBTC June 30, 2026 4,284 $226,024 38.2%
PYPL June 30, 2026 4,950 $223,889 31.0%
STT March 31, 2026 1,700 $219,317 37.1%
SIL Dec. 31, 2025 3,044 $218,042 -7.2%
VDC March 31, 2026 1,015 $214,409
IWM Dec. 31, 2025 867 $209,779 13.3%
ESS Dec. 31, 2025 757 $202,619 -0.1%
CINF March 31, 2026 1,239 $202,353 14.0%
APH March 31, 2026 1,492 $201,629 -34.2%