Performance vs S&P 500

03
Tracked Q3 2025–Q2 2026 +1.9%
S&P 500 total return (same window) +13.0%
Excess return -11.1%

Annualized: +2.5% · 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: 85.9% · Options excluded: 0.0%

Sector breakdown

04
Financials 37.6%
Industrials 17.9%
Communication Services 16.1%
Energy 4.8%
Health Care 3.8%
Technology 3.7%
Retail 2.3%
Consumer Staples 2.2%
Consumer Discretionary 1.9%
Consumer products 1.5%
Other/Unmapped 8.1%

Full portfolio 49 positions

05
Type Streak 8Q trend
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $106,616,096 13.07% 213,066 $3,392,103 Down ×6
GOOG Alphabet Inc. - Class C Capital Stock $52,202,741 6.40% 147,745 $8,470,934 Down ×6
WFC Wells Fargo & Company Common Stock $50,847,648 6.23% 615,291 $-841,612 Down ×6
AXP American Express Company Common Stock $47,195,684 5.78% 139,529 $3,818,842 Down ×6
META Meta Platforms, Inc. - Class A Common Stock $43,493,874 5.33% 77,214 $-1,349,103 Down ×6
JPM JP Morgan Chase & Co. Common Stock $35,977,822 4.41% 109,913 $3,145,742 Down ×6
SPXC SPX Technologies, Inc. Common Stock $28,919,027 3.54% 117,955 $4,936,224 Down ×6
AYI Acuity Inc. Common Stock $27,378,662 3.36% 72,688 $6,624,728 Down ×6
Unknown issuer (CUSIP: 30233Q108) $27,017,513 3.31% 197,612 Up ×1
ST Sensata Technologies Holding plc Ordinary Shares $26,685,466 3.27% 558,975 $5,989,314 Down ×5
MA Mastercard Incorporated Common Stock $25,068,816 3.07% 48,810 $330,649 Down ×6
SCHF SCHWAB STRATEGIC TRUST $17,516,954 2.15% 632,381 $1,865,524
L Loews Corporation Common Stock $17,462,756 2.14% 154,251 $536,354 Down ×6
AGCO AGCO Corporation Common Stock $17,408,689 2.13% 145,436 $-10,743 Down ×6
VWO Vanguard FTSE Emerging Markets ETF $15,815,701 1.94% 264,964 $1,494,397
GNTX Gentex Corporation - Common Stock $15,699,897 1.92% 621,286 $2,124,798
VZ Verizon Communications Inc. Common Stock $15,626,170 1.92% 369,064 $-3,079,053 Down ×6
PSX Phillips 66 Common Stock $15,178,661 1.86% 89,788 $-1,502,286 Down ×6
KO Coca-Cola Company (The) Common Stock $15,028,448 1.84% 184,920 $223,795 Down ×2
XMTR Xometry, Inc. - Class A Common Stock $14,586,778 1.79% 151,127 $8,414,751
PFE Pfizer, Inc. Common Stock $12,756,211 1.56% 529,743 $-2,514,900 Down ×6
MCK McKesson Corporation Common Stock $12,089,600 1.48% 16,000 $-1,756,160
MTH Meritage Homes Corporation Common Stock $11,942,169 1.46% 142,423 Up ×1
OXY Occidental Petroleum Corporation Common Stock $11,931,706 1.46% 245,660 $-4,097,944 Down ×3
SLB SLB Limited Common Shares $11,859,367 1.45% 255,095 $-1,397,711 Down ×5
ACN Accenture plc Class A Ordinary Shares (Ireland) $11,202,587 1.37% 90,024 $-6,920,921 Down ×6
CHTR Charter Communications, Inc. - Class A Common Stock $10,380,619 1.27% 72,995 $-5,615,010 Down ×1
AMZN Amazon.com, Inc. - Common Stock $10,284,371 1.26% 43,150 $1,297,521
LUV Southwest Airlines Company Common Stock $9,457,526 1.16% 183,927 $2,547,389
ALLE Allegion plc Ordinary Shares $8,896,319 1.09% 63,323 $-420,112 Down ×6
DG Dollar General Corporation Common Stock $8,743,525 1.07% 75,958 $-274,968
AEBI Aebi Schmidt Holding AG - Common Stock $8,684,010 1.06% 691,953 $1,965,146
IT Gartner, Inc. Common Stock $7,458,853 0.91% 57,544 $-1,800,237 Down ×6
FISV Fiserv, Inc. - Common Stock $6,951,268 0.85% 141,718 $-956,596
FWONK Liberty Media Corporation - Series C Liberty Formula One Common Stock $6,709,748 0.82% 70,525 $394,888 Down ×2
MSFT Microsoft Corporation - Common Stock $6,699,439 0.82% 17,960 $-115,391 Down ×1
COR Cencora, Inc. Common Stock $6,547,308 0.80% 23,137 $-846,605 Down ×3
ICE Intercontinental Exchange Inc. Common Stock $5,543,028 0.68% 45,025 $-1,707,580 Down ×3
DFJ WisdomTree Trust $5,511,242 0.68% 52,336 $169,830
EVTC Evertec, Inc. Common Stock $5,409,516 0.66% 194,727 $-85,680
CTSH Cognizant Technology Solutions Corporation - Class A Common Stock $5,165,188 0.63% 133,364 $-3,053,503 Down ×2
PYPL PayPal Holdings, Inc. - Common Stock $4,000,109 0.49% 92,638 $-308,636 Down ×3
SSD Simpson Manufacturing Company, Inc. Common Stock $3,433,340 0.42% 16,400 Up ×1
BUD Anheuser-Busch Inbev SA Sponsored ADR (Belgium) $3,325,005 0.41% 40,352 $324,614 Down ×6
LLYVA Liberty Live Holdings, Inc. - Series A Liberty Live Group Common Stock $2,553,575 0.31% 25,218 $178,449 Down ×2
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $1,497,700 0.18% 2 $61,420
WAB Westinghouse Air Brake Technologies Corporation Common Stock $700,016 0.09% 2,596 $31,757 Down ×6
LLYVK Liberty Live Holdings, Inc. - Series C Liberty Live Group Common Stock $342,538 0.04% 3,242 $22,470 Down ×2
DNOW DNOW Inc. Common Stock $161,762 0.02% 12,472 $10,696 Down ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 30233Q108) $27,017,513 197,612 3.31%
MTH $11,942,169 142,423 1.46%
SSD $3,433,340 16,400 0.42%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
GOOG Trimmed -5K +$8.5M
XMTR Price move only +0 +$8.4M
ACN Trimmed -1K -$6.9M
AYI Trimmed -1K +$6.6M
ST Trimmed -29K +$6.0M
CHTR Trimmed -1K -$5.6M
SPXC Trimmed -2K +$4.9M
OXY Trimmed -950 -$4.1M
AXP Trimmed -4K +$3.8M
BRK-B (filed as BRKB) Trimmed -2K +$3.4M

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 201,162 $34,129,145 34.0%
KMX Dec. 31, 2025 372,156 $16,698,640 33.4%
SHYF Sept. 30, 2025 744,170 $9,331,892 No longer tracked
CMCSA Dec. 31, 2025 247,000 $7,760,740
MO Sept. 30, 2025 118,715 $6,960,260 12.5%
GPN June 30, 2025 56,000 $5,483,520 3.5%
EWJV June 30, 2025 142,500 $4,740,975
ANSS Sept. 30, 2025 9,066 $3,184,161 No longer tracked
SIRI Sept. 30, 2025 102,054 $2,344,180 18.7%
LLYVK (filed as LLYVKXXXX) Dec. 31, 2025 3,430 $332,607 20.3%
BMY June 30, 2025 4,511 $275,126 32.8%
IBM March 31, 2026 750 $222,157 4.6%
AAPL Sept. 30, 2025 1,007 $206,606 36.6%
LBRDK Sept. 30, 2025 2,100 $206,598 No longer tracked