Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 -30.5%
S&P 500 total return (same window) +37.0%
Excess return -67.5%

Annualized: -25.3% · 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: 100.0% · Options excluded: 0.0%

Sector breakdown

04
Technology 42.2%
Retail 39.9%
Industrials 7.8%
Communication Services 7.0%
Utilities 3.0%

Full portfolio 11 positions

05
Type Streak 8Q trend
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $39,270,505 16.92% 409,153 $2,854,360 Up ×1
AMZN Amazon.com, Inc. - Common Stock $37,424,147 16.13% 157,020 $-1,418,000 Down ×1
OKTA Okta, Inc. - Class A Common Stock $32,030,819 13.80% 234,744 $-12,443,165 Down ×3
ZS Zscaler, Inc. - Common Stock $23,615,101 10.18% 167,305 $-4,501,260 Down ×1
CR Crane Company Common Stock $18,151,206 7.82% 81,370 Up ×1
MSFT Microsoft Corporation - Common Stock $16,970,545 7.31% 45,495 Up ×1
FWONK Liberty Media Corporation - Series C Liberty Formula One Common Stock $16,250,483 7.00% 170,806 $-1,002,456 Down ×2
CPNG Coupang, Inc. Class A Common Stock $15,981,581 6.89% 920,068 $-1,129,193 Up ×1
BRZE Braze, Inc. - Class A Common Stock $13,907,498 5.99% 641,194 $-12,349,159 Down ×4
GDS GDS Holdings Limited - American Depositary Shares $11,413,742 4.92% 380,078 $2,478,145 Up ×1
CEG Constellation Energy Corporation - Common Stock When-Issued $7,066,375 3.04% 28,451 $596,990 Up ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
CR $18,151,206 81,370 7.82%
MSFT $16,970,545 45,495 7.31%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
OKTA Trimmed -330K -$12.4M
BRZE Trimmed -471K -$12.3M
ZS Trimmed -33K -$4.5M
BABA Bought more +119K +$2.9M
GDS Bought more +158K +$2.5M
AMZN Trimmed -29K -$1.4M
CPNG Bought more +14K -$1.1M
FWONK Trimmed -32K -$1.0M
CEG Bought more +5K +$597K

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
FOUR March 31, 2026 1,148,861 $72,343,777 -14.1%
NCNO Dec. 31, 2025 1,553,659 $42,119,695 -24.8%
HLT June 30, 2025 179,612 $40,870,711 18.7%
MNDY March 31, 2026 253,959 $37,474,190 19.6%
BLND March 31, 2026 9,024,099 $27,433,261 -38.8%
VERX Dec. 31, 2025 1,081,446 $26,809,046 -38.5%
INTU June 30, 2026 40,939 $17,701,205 9.1%
CSGP June 30, 2026 339,081 $13,678,528 -2.3%
PCOR June 30, 2026 216,756 $12,355,092 33.4%