Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +35.7%
S&P 500 total return (same window) +37.0%
Excess return -1.3%

Annualized: +27.7% · 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: 95.8% · Options excluded: 0.0%

Sector breakdown

04
Industrials 46.5%
Technology 10.8%
Healthcare 10.1%
Retail 5.6%
Financials 3.7%
Energy 2.7%
Communication Services 1.9%
Consumer Staples 0.8%
Materials 0.5%
Consumer products 0.3%
Utilities 0.3%
Consumer Discretionary 0.3%
Other/Unmapped 16.4%

Full portfolio 132 positions

05
Type Streak 8Q trend
FDX FedEx Corporation Common Stock $110,683,627 30.97% 353,475 $-15,174,357 Up ×1
Unknown issuer (CUSIP: 314352105) $26,667,959 7.46% 176,609 Up ×1
CAT Caterpillar, Inc. Common Stock $19,874,978 5.56% 18,664 $6,632,796 Down ×3
IVV iShares Trust $14,929,583 4.18% 19,936 $1,940,100 Up ×3
INTC Intel Corporation - Common Stock $11,452,313 3.20% 82,019 $7,832,815
JNJ Johnson & Johnson Common Stock $9,529,965 2.67% 37,524 $357,848 Up ×1
MSFT Microsoft Corporation - Common Stock $9,518,907 2.66% 25,518 $83,092 Up ×1
CTAS Cintas Corporation - Common Stock $9,309,499 2.60% 54,736 $51,452
WMT Walmart Inc. - Common Stock $7,613,429 2.13% 67,221 $-740,711 Up ×1
HD Home Depot, Inc. (The) Common Stock $6,955,385 1.95% 19,722 $469,175
MRK Merck & Company, Inc. Common Stock (new) $6,149,434 1.72% 47,856 $393,141 Up ×1
LLY Eli Lilly and Company Common Stock $6,021,139 1.68% 5,020 $1,411,252 Up ×1
ADP Automatic Data Processing, Inc. - Common Stock $5,972,075 1.67% 26,667 $553,874
XOM Exxon Mobil Corporation Common Stock $5,934,378 1.66% 43,405 $-1,436,227 Down ×5
AAPL Apple Inc. - Common Stock $5,122,829 1.43% 17,704 $529,991 Down ×1
AMGN Amgen Inc. - Common Stock $5,048,315 1.41% 13,941 $143,174
VTI VANGUARD INDEX FUNDS $4,978,757 1.39% 13,455 $676,167 Up ×1
IBM International Business Machines Corporation Common Stock $4,032,412 1.13% 14,340 $576,337 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $3,272,551 0.92% 6,540 $151,042 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $3,197,636 0.89% 9,050 $741,541 Up ×2
RTX RTX Corporation Common Stock $3,058,593 0.86% 16,121 $-51,087
GE GE Aerospace Common Stock $2,959,568 0.83% 7,919 $712,393
AMAT Applied Materials, Inc. - Common Stock $2,705,466 0.76% 3,742 $1,426,488
EFX Equifax, Inc. Common Stock $2,640,942 0.74% 16,639 $-355,243
CSCO Cisco Systems, Inc. - Common Stock $2,517,050 0.70% 21,429 $854,762 Up ×1
SPY SPY $2,324,695 0.65% 3,113 $300,187
GEV GE Vernova Inc. Common Stock $2,322,698 0.65% 1,977 $596,975
ABBV AbbVie Inc. Common Stock $2,055,647 0.58% 8,169 $278,971
JPM JP Morgan Chase & Co. Common Stock $1,996,996 0.56% 6,101 $202,366
NVDA NVIDIA Corporation - Common Stock $1,636,936 0.46% 8,181 $374,978 Up ×1
TXN Texas Instruments Incorporated - Common Stock $1,550,560 0.43% 5,202 $540,644
AXP American Express Company Common Stock $1,521,448 0.43% 4,498 $160,893
GWW W.W. Grainger, Inc. Common Stock $1,428,420 0.40% 1,050 $283,070
WFC Wells Fargo & Company Common Stock $1,319,926 0.37% 15,972 $48,395
RSP Invesco Exchange-Traded Fund Trust $1,312,365 0.37% 6,168 $142,037 Up ×1
COST Costco Wholesale Corporation - Common Stock $1,298,432 0.36% 1,388 $-84,613
MMM 3M Company Common Stock $1,276,244 0.36% 7,882 $141,009 Up ×1
PG Procter & Gamble Company (The) Common Stock $1,234,269 0.35% 8,417 $32,962 Up ×1
ELV Elevance Health, Inc. Common Stock $1,208,145 0.34% 3,124 $302,377 Up ×1
CB Chubb Limited Common Stock $1,179,301 0.33% 3,461 $51,257
NUE Nucor Corporation Common Stock $1,164,091 0.33% 5,226 $280,374
DE Deere & Company Common Stock $1,142,247 0.32% 1,801 $156,195 Up ×1
MDT Medtronic plc. Ordinary Shares $1,064,241 0.30% 13,604 $-114,546
LOW Lowe's Companies, Inc. Common Stock $1,049,091 0.29% 4,758 $-103,247 Down ×2
BR Broadridge Financial Solutions, Inc. Common Stock $1,011,787 0.28% 7,388 $-188,615
BMY Bristol-Myers Squibb Company Common Stock $995,270 0.28% 17,273 $-46,212 Up ×1
IWM iShares Trust $986,385 0.28% 3,283 $166,074 Down ×2
PEP PepsiCo, Inc. - Common Stock $938,051 0.26% 6,928 $-137,643 Up ×1
GLW Corning Incorporated Common Stock $903,967 0.25% 3,539 $422,769
AVGO Broadcom Inc. - Common Stock $896,023 0.25% 2,372 $181,983 Up ×1
SLB SLB Limited Common Shares $831,381 0.23% 17,883 $-87,626
AZO AutoZone, Inc. Common Stock $808,573 0.23% 253 $-46,005
PM Philip Morris International Inc Common Stock $804,507 0.23% 4,447 $69,240
GD General Dynamics Corporation Common Stock $770,118 0.22% 2,174 $24,301 Up ×1
EBAY eBay Inc. - Common Stock $727,716 0.20% 6,512 $143,186 Up ×1
COP ConocoPhillips Common Stock $695,804 0.19% 6,693 $-187,672
FHN First Horizon Corporation Common Stock $694,562 0.19% 27,089 $78,016
EMR Emerson Electric Company Common Stock $676,813 0.19% 4,728 $57,350
PFE Pfizer, Inc. Common Stock $674,553 0.19% 28,013 $-112,052
AMZN Amazon.com, Inc. - Common Stock $670,212 0.19% 2,812 $94,762 Up ×2
EFA iShares Trust $662,651 0.19% 6,379 $98,908 Up ×1
SO Southern Company (The) Common Stock $655,730 0.18% 6,851 $-5,353 Up ×1
VEU VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $641,022 0.18% 7,654 $66,207
EEM iShares, Inc. $625,883 0.18% 9,149 $309,960 Up ×1
HWM Howmet Aerospace Inc. Common Stock $622,411 0.17% 2,315 $88,896
MCO Moody's Corporation Common Stock $622,312 0.17% 1,374 $22,905
ABT Abbott Laboratories Common Stock $610,136 0.17% 6,724 $-80,217
DG Dollar General Corporation Common Stock $608,356 0.17% 5,285 $-19,132
ALL Allstate Corporation (The) Common Stock $602,891 0.17% 2,534 $77,654 Up ×1
PH Parker-Hannifin Corporation Common Stock $586,872 0.16% 600 $49,728
GOOGL Alphabet Inc. - Class A Common Stock $578,225 0.16% 1,618 $152,924 Up ×1
IWB iShares Trust $566,408 0.16% 1,383 $73,468 Up ×1
Q Qnity Electronics, Inc. Common Stock $513,937 0.14% 3,147 $150,836
HPE Hewlett Packard Enterprise Company Common Stock $497,293 0.14% 11,024 $234,812
CVX Chevron Corporation Common Stock $496,783 0.14% 2,997 $-123,296
TMO Thermo Fisher Scientific Inc Common Stock $494,341 0.14% 986 $20,015 Up ×1
NVS Novartis AG Common Stock $471,727 0.13% 3,010 $11,950
CTVA Corteva, Inc. Common Stock $453,176 0.13% 5,351 $5,244
KO Coca-Cola Company (The) Common Stock $443,185 0.12% 5,453 $28,466
IJR iShares Trust $441,964 0.12% 2,980 $71,520
KMI Kinder Morgan, Inc. Common Stock $420,597 0.12% 13,156 $-20,524
BP BP p.l.c. Common Stock $400,686 0.11% 10,844 $-108,982
BAC Bank of America Corporation Common Stock $393,162 0.11% 6,900 $56,787
GSK GSK plc American Depositary Shares (Each representing two Ordinary Shares) $391,473 0.11% 7,468 $-20,686
TSLA Tesla, Inc. - Common Stock $372,231 0.10% 885 $90,816 Up ×1
SBUX Starbucks Corporation - Common Stock $367,577 0.10% 3,597 $45,322
FIS Fidelity National Information Services, Inc. Common Stock $361,001 0.10% 9,285 $-74,558
TGT Target Corporation Common Stock $355,259 0.10% 2,720 $25,595
IJH iShares Trust $352,778 0.10% 4,575 $43,828
MDLZ Mondelez International, Inc. - Class A Common Stock $348,197 0.10% 6,020 $1,204
VZ Verizon Communications Inc. Common Stock $345,367 0.10% 8,157 $-64,114
CWCO Consolidated Water Co. Ltd. - Ordinary Shares $343,970 0.10% 11,660 $-42,209
PYPL PayPal Holdings, Inc. - Common Stock $341,942 0.10% 7,919 $-40,523 Down ×4
DGX Quest Diagnostics Incorporated Common Stock $339,120 0.09% 1,600 $25,552
EWJ iShares, Inc. $338,663 0.09% 3,631 $46,838 Up ×1
CWI SPDR INDEX SHARES FUNDS $335,527 0.09% 8,250 $33,660
CVS CVS Health Corporation Common Stock $335,075 0.09% 3,239 $102,450
CARR Carrier Global Corporation Common Stock $316,138 0.09% 4,310 $73,442
AFL AFLAC Incorporated Common Stock $308,367 0.09% 2,630 $19,830
EWT iShares, Inc. $303,348 0.08% 2,793 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
IVV $14,929,583 4.18% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 314352105) $26,667,959 176,609 7.46%
EWT $303,348 2,793 0.08%
SOXX $296,672 463 0.08%
VXUS $282,886 3,309 0.08%
VB $268,564 886 0.08%
TT $264,244 538 0.07%
HOOD $260,728 2,600 0.07%
VGT $248,602 2,080 0.07%
Unknown issuer (CUSIP: 26614N201) $239,676 1,767 0.07%
MU $230,858 200 0.06%
QQQ $224,602 305 0.06%
GDX $222,879 2,954 0.06%
VRT $222,655 665 0.06%
Unknown issuer (CUSIP: 59522j103) $213,968 1,540 0.06%
IYY $213,268 1,170 0.06%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
FDX Bought more +120 -$15.2M
INTC Price move only +0 +$7.8M
CAT Trimmed -28 +$6.6M
IVV Bought more +50 +$1.9M
XOM Trimmed -38 -$1.4M
AMAT Price move only +0 +$1.4M
LLY Bought more +8 +$1.4M
CSCO Bought more +5 +$855K
GOOG Bought more +488 +$742K
WMT Bought more +1 -$741K

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
JWN June 30, 2025 29,900 $731,055 No longer tracked
AMD March 31, 2026 2,182 $467,297 211.6%
META March 31, 2026 575 $379,552 27.3%
TSM March 31, 2026 1,235 $375,304 39.9%
PLTR March 31, 2026 2,058 $365,809 29.0%
IBIT Dec. 31, 2025 5,235 $340,275
VB March 31, 2026 1,048 $270,332
BA Sept. 30, 2025 1,286 $269,456 -10.3%
GBTC March 31, 2026 3,657 $249,993 23.4%
UNH June 30, 2025 475 $248,781 19.2%
VO March 31, 2026 850 $246,687
DD June 30, 2026 5,326 $243,931 -4.2%
ONON March 31, 2026 5,000 $232,400 -9.3%
DOW June 30, 2026 5,251 $218,704 2.2%
CI Sept. 30, 2025 658 $217,522 -6.1%
MAA June 30, 2026 1,760 $214,931 -17.0%
KMB Sept. 30, 2025 1,664 $214,523 -24.1%
GEHC March 31, 2026 2,603 $213,498 -9.7%
MSTR Sept. 30, 2025 518 $209,391 -50.3%
SPOT Dec. 31, 2025 294 $205,212 -18.6%
OTIS March 31, 2026 2,341 $204,513 -16.9%
GEHC Sept. 30, 2025 2,752 $203,841 -14.4%
DOW June 30, 2025 5,833 $203,688 5.6%
RBLX Sept. 30, 2025 1,916 $201,563 -68.1%
LBTYA June 30, 2025 10,325 $118,841 -10.9%
POET Dec. 31, 2025 10,000 $55,400 23.1%
IPA Sept. 30, 2025 10,000 $10,600 No longer tracked