Performance vs S&P 500

03
Tracked Q3 2025–Q2 2026 +29.3%
S&P 500 total return (same window) +13.0%
Excess return +16.3%

Annualized: +41.0% · 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: 93.5% · Options excluded: 0.0%

Sector breakdown

04
Technology 43.5%
Financials 10.6%
Communication Services 8.3%
Energy 6.8%
Retail 6.0%
Healthcare 5.1%
Industrials 3.8%
Consumer Discretionary 3.2%
Materials 0.5%
Consumer products 0.5%
Consumer Staples 0.5%
Real Estate 0.1%
Other/Unmapped 11.2%

Full portfolio 91 positions

05
Type Streak 8Q trend
MU Micron Technology, Inc. - Common Stock $50,385,641 10.64% 43,651 $35,567,074 Down ×1
NVDA NVIDIA Corporation - Common Stock $34,528,422 7.29% 172,564 $4,422,406 Down ×5
AAPL Apple Inc. - Common Stock $31,710,640 6.69% 109,589 $3,890,327 Down ×4
AVGO Broadcom Inc. - Common Stock $24,702,664 5.21% 65,394 $4,421,233 Down ×6
GOOG Alphabet Inc. - Class C Capital Stock $24,542,190 5.18% 69,460 $4,609,875 Down ×4
LRCX Lam Research Corporation - Common Stock $19,875,664 4.20% 45,867 $10,071,662 Down ×3
MSFT Microsoft Corporation - Common Stock $16,955,541 3.58% 45,455 $108,651 Down ×4
AMAT Applied Materials, Inc. - Common Stock $15,679,928 3.31% 21,687 $8,264,048 Down ×4
AMZN Amazon.com, Inc. - Common Stock $14,331,868 3.03% 60,132 $1,804,011 Down ×3
C Citigroup, Inc. Common Stock $10,881,440 2.30% 77,747 $2,061,237 Down ×4
VUG VANGUARD INDEX FUNDS $8,623,930 1.82% 100,115 $1,343,158 Up ×1
KMI Kinder Morgan, Inc. Common Stock $8,160,151 1.72% 255,244 $-400,770 Down ×4
JPM JP Morgan Chase & Co. Common Stock $8,084,459 1.71% 24,698 $817,310 Down ×4
CSCO Cisco Systems, Inc. - Common Stock $7,725,417 1.63% 65,771 $2,620,472 Down ×4
GNRC Generac Holdlings Inc. Common Stock $7,422,441 1.57% 25,349 $2,465,161 Down ×2
WMB Williams Companies, Inc. (The) Common Stock $7,208,079 1.52% 96,961 $149,063 Down ×4
META Meta Platforms, Inc. - Class A Common Stock $6,890,965 1.45% 12,233 $-110,379 Down ×4
GS Goldman Sachs Group, Inc. (The) Common Stock $6,422,178 1.36% 6,350 $1,046,901 Down ×4
RTX RTX Corporation Common Stock $6,243,898 1.32% 32,909 $-106,307 Down ×4
VIG VANGUARD SPECIALIZED FUNDS $6,100,539 1.29% 25,782 $266,572 Down ×2
VXUS Vanguard Total International Stock ETF $5,935,998 1.25% 69,435 $581,865
AMD Advanced Micro Devices, Inc. - Common Stock $5,803,872 1.23% 9,991 $3,770,386 Down ×4
BAC Bank of America Corporation Common Stock $5,798,764 1.22% 101,768 $832,659 Down ×4
XOM Exxon Mobil Corporation Common Stock $5,682,966 1.20% 41,566 $-1,371,154 Down ×4
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $5,565,846 1.17% 11,123 $230,912 Down ×1
HD Home Depot, Inc. (The) Common Stock $5,172,782 1.09% 14,667 $347,468 Down ×4
Unknown issuer (CUSIP: G2004J103) $5,158,486 1.09% 180,556 Up ×1
TSLA Tesla, Inc. - Common Stock $4,838,162 1.02% 11,503 $560,806 Down ×1
ABBV AbbVie Inc. Common Stock $4,296,998 0.91% 17,076 $582,489 Down ×4
HAL Halliburton Company Common Stock $3,739,478 0.79% 110,147 $-556,688 Down ×4
JNJ Johnson & Johnson Common Stock $3,726,076 0.79% 14,671 $140,178 Up ×1
VB VANGUARD INDEX FUNDS $3,711,704 0.78% 12,245 $504,494
V Visa Inc. $3,437,614 0.73% 10,020 $400,264 Down ×4
VO VANGUARD INDEX FUNDS $3,436,149 0.73% 42,648 $374,236 Up ×3
WM Waste Management, Inc. Common Stock $3,363,216 0.71% 15,090 $-105,340 Down ×4
ABNB Airbnb, Inc. - Class A Common Stock $3,184,404 0.67% 22,253 $373,032 Down ×1
DVN Devon Energy Corporation Common Stock $3,037,309 0.64% 73,507 $-662,872 Down ×4
SCHD SCHWAB STRATEGIC TRUST $3,031,820 0.64% 95,611 $67,428 Down ×3
ADI Analog Devices, Inc. - Common Stock $3,029,613 0.64% 7,628 $601,569 Down ×4
CMG Chipotle Mexican Grill, Inc. Common Stock $2,954,294 0.62% 86,891 $171,793 Down ×1
TMO Thermo Fisher Scientific Inc Common Stock $2,944,557 0.62% 5,873 $54,306 Down ×4
SCHW Charles Schwab Corporation (The) Common Stock $2,819,950 0.60% 30,562 $-53,330 Down ×4
SGOV iShares Trust $2,744,007 0.58% 27,257 $-91,934 Down ×2
LLY Eli Lilly and Company Common Stock $2,667,835 0.56% 2,224 $612,874 Down ×2
VNQ VANGUARD SPECIALIZED FUNDS $2,598,596 0.55% 26,948 $208,308
ORCL Oracle Corporation Common Stock $2,591,289 0.55% 17,682 $-10,603 Down ×4
AZO AutoZone, Inc. Common Stock $2,572,732 0.54% 805 $-156,514 Down ×5
MA Mastercard Incorporated Common Stock $2,554,292 0.54% 4,973 $65,852 Down ×4
ISRG Intuitive Surgical, Inc. - Common Stock $2,553,503 0.54% 6,421 $-408,358 Down ×4
CART Maplebear Inc. - Common Stock $2,455,855 0.52% 51,866 $506,811 Down ×4
WFC Wells Fargo & Company Common Stock $2,380,511 0.50% 28,806 $85,360 Down ×4
SMG Scotts Miracle-Gro Company (The) Common Stock $2,358,581 0.50% 34,629 $248,778 Down ×4
COP ConocoPhillips Common Stock $2,320,032 0.49% 22,317 $-626,569 Down ×4
VV VANGUARD INDEX FUNDS $2,305,520 0.49% 6,704 $306,366 Up ×4
VIK Viking Holdings Ltd Ordinary Shares $2,228,110 0.47% 21,287 $663,280 Down ×1
Unknown issuer (CUSIP: 438516205) $2,168,379 0.46% 9,685 Up ×1
COST Costco Wholesale Corporation - Common Stock $2,145,154 0.45% 2,293 $-142,761 Down ×4
PG Procter & Gamble Company (The) Common Stock $2,140,283 0.45% 14,595 $26,710 Down ×5
Unknown issuer (CUSIP: 43849R105) $2,134,306 0.45% 9,654 Up ×1
CVX Chevron Corporation Common Stock $2,124,743 0.45% 12,818 $-528,244 Down ×3
BLK BlackRock, Inc. Common Stock $2,063,876 0.44% 2,146 $-3,142 Down ×3
UNH UnitedHealth Group Incorporated Common Stock (DE) $2,016,259 0.43% 4,851 $702,833 Down ×5
KO Coca-Cola Company (The) Common Stock $1,937,951 0.41% 23,846 $124,000 Down ×4
MRK Merck & Company, Inc. Common Stock (new) $1,898,259 0.40% 14,772 $118,945 Down ×3
SFM Sprouts Farmers Market, Inc. - Common Stock $1,572,765 0.33% 18,595 $130,280 Down ×2
GILD Gilead Sciences, Inc. - Common Stock $1,313,546 0.28% 10,397 $-137,914 Down ×4
ABT Abbott Laboratories Common Stock $1,297,095 0.27% 14,295 $-175,090 Down ×4
AMGN Amgen Inc. - Common Stock $1,224,334 0.26% 3,381 $33,724 Down ×4
QQQ Invesco QQQ Trust, Series 1 $1,110,491 0.23% 1,508 $240,104
INTU Intuit Inc. - Common Stock $1,035,441 0.22% 3,967 $-685,494 Down ×4
SCHB SCHWAB STRATEGIC TRUST $736,980 0.16% 25,448 $57,466 Down ×2
VYM VANGUARD WHITEHALL FUNDS $670,761 0.14% 4,245 $42,528 Up ×4
YUM Yum! Brands, Inc. $639,440 0.13% 4,000 $17,520
DGRO iShares Trust $624,585 0.13% 8,241 $46,352 Up ×6
CAT Caterpillar, Inc. Common Stock $585,695 0.12% 550 $196,042
JLL Jones Lang LaSalle Incorporated Common Stock $486,622 0.10% 1,570 $8,840
BND Vanguard Total Bond Market ETF $470,705 0.10% 6,412 $-22,106 Down ×1
VTV VANGUARD INDEX FUNDS $452,451 0.10% 2,076 $46,251 Up ×1
IGM iShares Trust $432,833 0.09% 2,646 $119,256
VOO VANGUARD INDEX FUNDS $404,531 0.09% 589 $52,574
WMT Walmart Inc. - Common Stock $383,159 0.08% 3,383 $-37,280
RCL Royal Caribbean Cruises Ltd. Common Stock $338,487 0.07% 1,066 $45,145
PEP PepsiCo, Inc. - Common Stock $264,093 0.06% 1,950 $-38,794
HLT Hilton Worldwide Holdings Inc. Common Stock $252,802 0.05% 765 $20,181
MO Altria Group, Inc. $230,456 0.05% 3,203 $19,090
MAR Marriott International - Class A Common Stock $222,354 0.05% 600 Up ×1
MCD McDonald's Corporation Common Stock $215,978 0.05% 799 $-32,343
AER AerCap Holdings N.V. Ordinary Shares $212,547 0.04% 1,458 $12,539
USMV iShares Trust $208,575 0.04% 2,162 $8,130 Up ×5
H Hyatt Hotels Corporation Class A Common Stock $202,563 0.04% 1,045 Up ×1
SLI CUSIP: 853606101 $29,340 0.01% 10,669 $-7,041

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
VO $3,436,149 0.73% up ×3
VV $2,305,520 0.49% up ×4
VYM $670,761 0.14% up ×4
DGRO $624,585 0.13% up ×6
USMV $208,575 0.04% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: G2004J103) $5,158,486 180,556 1.09%
Unknown issuer (CUSIP: 438516205) $2,168,379 9,685 0.46%
Unknown issuer (CUSIP: 43849R105) $2,134,306 9,654 0.45%
MAR $222,354 600 0.05%
H $202,563 1,045 0.04%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
MU Trimmed -212 +$35.6M
LRCX Trimmed -19 +$10.1M
AMAT Trimmed -10 +$8.3M
GOOG Trimmed -24 +$4.6M
NVDA Trimmed -62 +$4.4M
AVGO Trimmed -134 +$4.4M
AAPL Trimmed -30 +$3.9M
AMD Trimmed -5 +$3.8M
CSCO Trimmed -23 +$2.6M
GNRC Trimmed -30 +$2.5M

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
CCL June 30, 2026 180,615 $4,674,317 -9.8%
HON June 30, 2026 19,375 $4,379,247 -4.4%
ADBE Dec. 31, 2025 8,072 $2,847,398 -32.1%
PINS March 31, 2026 106,468 $2,756,457 5.0%
ZTS June 30, 2026 22,348 $2,641,793 -3.0%
CLX June 30, 2026 24,839 $2,574,066 -15.7%
UNP Dec. 31, 2025 9,274 $2,192,053 20.3%
SBUX Dec. 31, 2025 24,559 $2,077,659 12.5%
TAP Dec. 31, 2025 41,910 $1,896,432 -21.0%
KVUE Dec. 31, 2025 106,438 $1,727,490 -0.3%
CRM March 31, 2026 5,564 $1,473,997 25.7%
MKC June 30, 2026 20,366 $1,027,261 -11.4%
SOLS March 31, 2026 4,826 $234,447 -24.2%
ADP Dec. 31, 2025 730 $214,255 0.2%
MO Dec. 31, 2025 3,203 $211,590 16.8%
BX March 31, 2026 1,330 $205,006 -2.8%
LRCX (filed as LRCXXXXX) Sept. 30, 2025 48,206 $4,692 159.5%
BLK (filed as BLKXXXX) Sept. 30, 2025 2,309 $2,423 -9.1%
ULTA June 30, 2025 6,307 $2,312 16.2%
TXN June 30, 2025 10,917 $1,962 41.5%
MMM June 30, 2025 10,487 $1,540 6.3%
YUMC June 30, 2025 4,000 $208 -10.6%
HLT Sept. 30, 2025 765 $204 23.1%
DSX June 30, 2025 10,446 $16 95.9%