Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +54.2%
S&P 500 total return (same window) +37.0%
Excess return +17.2%

Annualized: +41.5% · 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: 99.6% · Options excluded: 3.3%

Sector breakdown

04
Industrials 21.5%
Retail 15.2%
Materials 15.2%
Consumer Discretionary 14.3%
Health Care 11.0%
Communication Services 10.3%
Consumer Staples 7.3%
Financials 5.3%

Full portfolio 19 positions

05
Type Streak 8Q trend
VVV Valvoline Inc. Common Stock $11,160,719 9.99% 282,264 $4,311,554 Up ×1
LIVN LivaNova PLC - Ordinary Shares $9,288,454 8.31% 112,957 $-2,564,024 Down ×4
PTON Peloton Interactive, Inc. - Common Stock $9,054,965 8.10% 1,532,143 $1,337,367 Down ×4
CTVA Corteva, Inc. Common Stock $8,864,926 7.93% 104,675 $-3,559,563 Down ×6
PRMB Primo Brands Corporation Class A Common Stock $8,143,408 7.29% 333,200 $-632,784 Down ×4
HLIT Harmonic Inc. - Common Stock $7,998,532 7.16% 489,806 $2,217,720 Down ×6
RRX Regal Rexnord Corporation Common Stock $7,986,749 7.15% 33,531 $-122,171 Down ×4
CC Chemours Company (The) Common Stock $7,659,439 6.86% 373,267 $-4,727,149 Down ×4
ENS EnerSys Common Stock $6,779,143 6.07% 28,993 $1,575,187 Down ×3
DASH DoorDash, Inc. - Common Stock $6,137,652 5.49% 33,261 $1,116,486 Down ×2
KKR KKR & Co. Inc. Common Stock $5,927,611 5.31% 64,585 $-2,415,519 Down ×2
AMZN Amazon.com, Inc. - Common Stock $5,779,507 5.17% 24,249 $-3,235,460 Down ×4
BATRK Atlanta Braves Holdings, Inc. - Series C Common Stock $3,528,941 3.16% 67,995 $209,955 Down ×3
AER AerCap Holdings N.V. Ordinary Shares $3,527,584 3.16% 24,198 $-256,252 Down ×6
VSTS Vestis Corporation Common Stock $3,357,953 3.01% 231,264 $-200,843 Down ×4
MNKD MannKind Corporation - Common Stock $2,960,534 2.65% 694,961 $1,257,880
JBHT J.B. Hunt Transport Services, Inc. - Common Stock $2,351,619 2.10% 8,125 $-5,666,465 Down ×2
MBLY Mobileye Global Inc. - Class A Common Stock $773,422 0.69% 79,899 $224,516
SGML Sigma Lithium Corporation - common shares $449,227 0.40% 35,512

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
SGML $449,227 35,512 0.40%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
JBHT Trimmed -30K -$5.7M
CC Trimmed -189K -$4.7M
VVV Bought more +79K +$4.3M
CTVA Trimmed -44K -$3.6M
AMZN Trimmed -19K -$3.2M
LIVN Trimmed -74K -$2.6M
KKR Trimmed -26K -$2.4M
HLIT Trimmed -154K +$2.2M
ENS Trimmed -963 +$1.6M
PTON Trimmed -267K +$1.3M

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
SPY Dec. 31, 2025 1,242 $82,739,556 No longer tracked
SN Dec. 31, 2025 404,500 $41,724,175 63.3%
DKNG June 30, 2025 877,976 $30,983,773 -54.3%
TSM Sept. 30, 2025 121,535 $27,526,462 73.9%
UNH Dec. 31, 2025 78,333 $27,048,385 14.7%
INDV Sept. 30, 2025 1,654,855 $24,392,563 49.3%
MRCY Sept. 30, 2025 446,623 $24,055,115 7.2%
BIO Sept. 30, 2025 94,737 $22,861,933 35.5%
BALL Dec. 31, 2025 436,273 $21,996,885 7.8%
KBR Dec. 31, 2025 443,747 $20,984,796 -14.1%
DLTR June 30, 2025 283,651 $20,635,610 14.3%
TRU March 31, 2026 236,284 $20,261,353 -7.8%
LPX March 31, 2026 200,301 $16,176,309 -10.3%
ENTG Dec. 31, 2025 157,848 $14,594,626 98.1%
ELV Dec. 31, 2025 38,152 $12,327,674 12.5%
MAGN Sept. 30, 2025 1,010,794 $12,210,392 -0.3%
AL Sept. 30, 2025 208,433 $12,191,246 No longer tracked
NVRI Dec. 31, 2025 953,281 $12,097,136 No longer tracked
VISN June 30, 2026 663,507 $12,075,827 -51.5%
MDB Sept. 30, 2025 57,006 $11,970,690 15.7%
FUN June 30, 2025 314,962 $11,155,954 -60.1%
BRZE March 31, 2026 293,405 $10,060,857 12.7%
SGI March 31, 2026 107,304 $9,580,101 -15.7%
TREX March 31, 2026 208,976 $7,330,878 21.4%
KVYO Dec. 31, 2025 247,564 $6,855,047 -48.6%
CAE Dec. 31, 2025 198,077 $5,728,093 -22.1%
HUM Sept. 30, 2025 20,830 $5,092,518 55.3%
AZTA June 30, 2026 236,371 $4,994,519 67.4%
GOOS June 30, 2026 391,090 $4,290,257 -19.9%
CVNA March 31, 2026 7,772 $3,279,939 -79.7%
TPICQ Sept. 30, 2025 66,074 $56,777 No longer tracked
LESL Sept. 30, 2025 97,706 $41,027 -98.1%