Performance vs S&P 500

03
Tracked Q3 2025–Q2 2026 +3.8%
S&P 500 total return (same window) +13.0%
Excess return -9.2%

Annualized: +5.1% · 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: 100.0% · Options excluded: 0.0%

Sector breakdown

04
Technology 43.4%
Communication Services 17.8%
Industrials 13.6%
Health Care 7.4%
Financials 5.6%
Consumer Discretionary 5.1%
Retail 4.1%
Consumer products 0.7%
Utilities 0.5%
Energy 0.3%
Real Estate 0.3%
Materials 0.1%
Consumer Staples 0.1%
Other/Unmapped 1.2%

Full portfolio 385 positions

05
Type Streak 8Q trend
NVDA NVIDIA Corporation - Common Stock $435,039,511 12.66% 2,174,219 $62,929,381 Up ×2
GOOGL Alphabet Inc. - Class A Common Stock $357,475,992 10.40% 1,000,296 $177,185,649 Up ×3
AVGO Broadcom Inc. - Common Stock $178,501,281 5.19% 472,537 $62,530,979 Up ×3
MSFT Microsoft Corporation - Common Stock $154,939,023 4.51% 415,363 $-87,283,937 Down ×1
LLY Eli Lilly and Company Common Stock $138,027,500 4.02% 115,077 $34,702,377 Up ×2
AAPL Apple Inc. - Common Stock $136,051,807 3.96% 470,182 $-99,754,380 Down ×1
GEV GE Vernova Inc. Common Stock $108,187,960 3.15% 92,085 $28,926,895 Up ×3
GE GE Aerospace Common Stock $105,285,829 3.06% 281,716 $26,622,799 Up ×3
META Meta Platforms, Inc. - Class A Common Stock $105,254,168 3.06% 186,856 $133,863 Up ×3
RCL Royal Caribbean Cruises Ltd. Common Stock $99,783,748 2.90% 314,249 $15,842,015 Up ×3
V Visa Inc. $94,366,196 2.75% 275,048 $12,511,444 Up ×3
ARM Arm Holdings plc - American Depositary Shares $61,276,060 1.78% 172,817 $35,770,554 Up ×3
AMZN Amazon.com, Inc. - Common Stock $60,065,026 1.75% 252,013 $-87,792,929 Down ×1
TER Teradyne, Inc. - Common Stock $57,116,148 1.66% 118,047 Up ×1
NFLX Netflix, Inc. - Common Stock $53,498,019 1.56% 749,271 $-19,133,210 Down ×1
ASML ASML Holding N.V. - New York Registry Shares $48,077,972 1.40% 24,166 $22,651,994 Up ×3
FICO Fair Isaac Corporation Common Stock $46,686,018 1.36% 39,074 $7,670,633 Up ×3
SNDK Sandisk Corporation - Common Stock $44,464,779 1.29% 19,555 Up ×1
CIEN Ciena Corporation Common Stock $42,175,963 1.23% 85,974 Up ×1
ISRG Intuitive Surgical, Inc. - Common Stock $39,259,973 1.14% 98,722 $-5,457,440 Up ×3
WDC Western Digital Corporation - Common Stock $36,804,849 1.07% 57,622 Up ×1
VMC Vulcan Materials Company (Holding Company) Common Stock $35,140,176 1.02% 119,115 $3,098,090 Up ×3
APP Applovin Corporation - Class A Common Stock $33,791,123 0.98% 65,584 $11,362,231 Up ×3
PLTR Palantir Technologies Inc. - Class A Common Stock $33,427,669 0.97% 286,514 $-1,727,803 Up ×1
ADSK Autodesk, Inc. - Common Stock $23,543,252 0.69% 121,094 $-5,021,477 Up ×3
AMAT Applied Materials, Inc. - Common Stock $22,918,377 0.67% 31,699 $16,650,290 Up ×2
NET Cloudflare, Inc. Class A Common Stock $21,942,994 0.64% 89,461 $4,296,178 Up ×3
MELI MercadoLibre, Inc. - Common Stock $21,631,900 0.63% 12,744 $-196,977 Up ×3
GOOG Alphabet Inc. - Class C Capital Stock $19,614,202 0.57% 55,512 $4,974,302 Up ×3
LVS Las Vegas Sands Corp. Common Stock $19,353,799 0.56% 419,004 $-2,946,810 Up ×3
SNOW Snowflake Inc. Common Stock $17,472,698 0.51% 68,655 Up ×1
DDOG Datadog, Inc. - Class A Common Stock $17,339,716 0.50% 66,599 $11,554,322 Up ×3
COST Costco Wholesale Corporation - Common Stock $16,013,376 0.47% 17,118 $-732,627 Up ×3
LITE Lumentum Holdings Inc. - Common Stock $15,045,224 0.44% 17,534 $11,741,549 Up ×1
MA Mastercard Incorporated Common Stock $14,116,810 0.41% 27,486 $1,133,145 Up ×3
FIX Comfort Systems USA, Inc. Common Stock $12,791,505 0.37% 6,454 $8,797,950 Up ×1
Unknown issuer (CUSIP: 438516205) $12,767,785 0.37% 57,025 Up ×1
Unknown issuer (CUSIP: 43849R105) $12,606,976 0.37% 57,025 Up ×1
NTRA Natera, Inc. - Common Stock $12,323,559 0.36% 45,399 $4,583,746 Up ×3
VST Vistra Corp. Common Stock $12,129,802 0.35% 76,466 $828,443 Up ×3
AXON Axon Enterprise, Inc. - Common Stock $12,000,418 0.35% 21,406 $3,364,347 Up ×3
COR Cencora, Inc. Common Stock $11,925,909 0.35% 42,144 $1,815,313 Up ×1
ALAB Astera Labs, Inc. - Common Stock $11,277,068 0.33% 23,347 $8,514,490 Down ×1
ROK Rockwell Automation, Inc. Common Stock $11,025,927 0.32% 22,271 $4,202,183 Up ×3
MCHP Microchip Technology Incorporated - Common Stock $11,024,165 0.32% 120,879 $6,577,899 Up ×3
ARES Ares Management Corporation Class A Common Stock $10,832,912 0.32% 97,322 $3,437,787 Up ×3
RKLB Rocket Lab Corporation - Common Stock $10,829,079 0.32% 106,533 $6,335,991 Up ×1
HOOD Robinhood Markets, Inc. - Class A Common Stock $10,713,213 0.31% 106,833
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $10,500,806 0.31% 13,760 $4,283,136 Down ×1
WDAY Workday, Inc. - Class A Common Stock $10,356,729 0.30% 84,599 $-429,490 Up ×3
TJX TJX Companies, Inc. (The) Common Stock $10,219,736 0.30% 67,457 $11,393 Up ×1
AXP American Express Company Common Stock $9,490,618 0.28% 28,058 $1,474,293 Up ×3
HEI Heico Corporation Common Stock $9,384,538 0.27% 26,347 $4,779,349 Up ×1
LYV Live Nation Entertainment, Inc. Common Stock $9,177,107 0.27% 50,118 $3,304,099 Up ×3
SITM SiTime Corporation - Common Stock $9,091,358 0.26% 12,194 Up ×1
RDDT Reddit, Inc. Class A Common Stock $8,785,578 0.26% 50,614 $2,175,071 Up ×3
IDXX IDEXX Laboratories, Inc. - Common Stock $8,782,072 0.26% 16,682 $1,338,153 Up ×3
Unknown issuer (CUSIP: 84615Q103) $8,701,389 0.25% 50,926 Up ×1
CWST Casella Waste Systems, Inc. - Class A Common Stock $8,393,529 0.24% 86,558 Up ×1
URI United Rentals, Inc. Common Stock $8,165,871 0.24% 7,208 $2,875,797 Down ×1
ETN Eaton Corporation, PLC Ordinary Shares $8,056,651 0.23% 18,907 $1,417,580 Up ×3
EXPE Expedia Group, Inc. - Common Stock $7,582,236 0.22% 29,632 $690,400 Down ×1
JPM JP Morgan Chase & Co. Common Stock $7,429,409 0.22% 22,697 $752,860
CRDO Credo Technology Group Holding Ltd - Ordinary Shares $7,415,261 0.22% 27,267 Up ×1
FITB Fifth Third Bancorp - Common Stock $7,391,009 0.22% 131,116 $2,110,551 Up ×3
FERG Ferguson Enterprises Inc. Common Stock $7,206,525 0.21% 30,365 $2,818,671 Up ×3
TPR Tapestry, Inc. Common Stock $7,018,482 0.20% 47,947 $2,501,974 Up ×1
COHR Coherent Corp. Common Stock $6,939,122 0.20% 17,591 Up ×1
JBL Jabil Inc. Common Stock $6,898,550 0.20% 17,896 $1,590,466 Down ×1
WMT Walmart Inc. - Common Stock $6,874,882 0.20% 60,700 $-1,476,361 Down ×2
SGI Somnigroup International Inc. Common Stock $6,866,664 0.20% 87,585 $3,798,467 Up ×2
AGX Argan, Inc. Common Stock $6,861,142 0.20% 8,592 Up ×1
BWXT BWX Technologies, Inc. Common Stock $6,573,914 0.19% 33,773 Up ×1
SPGI S&P Global Inc. Common Stock $6,344,704 0.18% 15,579 $-1,032,818 Down ×2
MOD Modine Manufacturing Company Common Stock $6,323,034 0.18% 23,680 Up ×1
BKNG Booking Holdings Inc. - Common Stock $6,264,066 0.18% 35,144 $904,328 Up ×3
CASY Caseys General Stores, Inc. - Common Stock $6,157,238 0.18% 7,747 Up ×1
SN SharkNinja, Inc. Ordinary Shares $6,057,605 0.18% 39,782 $1,077,234 Down ×1
KLAC KLA Corporation - Common Stock $5,670,640 0.17% 18,795 $3,260,305 Up ×2
DOCN DigitalOcean Holdings, Inc. Common Stock $5,646,956 0.16% 35,961 Up ×1
MTZ MasTec, Inc. Common Stock $5,633,868 0.16% 13,541 Up ×1
ALNY Alnylam Pharmaceuticals, Inc. - Common Stock $5,456,470 0.16% 18,126 $-584,554 Down ×1
VIK Viking Holdings Ltd Ordinary Shares $5,360,569 0.16% 51,214 Up ×1
DXCM DexCom, Inc. - Common Stock $5,358,501 0.16% 79,562 $1,956,311 Up ×3
DRI Darden Restaurants, Inc. Common Stock $5,343,487 0.16% 25,938 $222,530 Down ×1
Q Qnity Electronics, Inc. Common Stock $5,325,212 0.15% 32,608 $5,291,289 Up ×1
MOH Molina Healthcare Inc Common Stock $5,316,132 0.15% 23,245 Up ×1
TEL TE Connectivity plc Ordinary Shares $5,298,311 0.15% 26,280 $-234,866 Down ×1
KNX Knight-Swift Transportation Holdings Inc. $5,296,172 0.15% 68,013 $2,307,712 Up ×1
AME AMETEK, Inc. $5,285,663 0.15% 21,847 Up ×1
RACE Ferrari N.V. Common Shares $5,239,982 0.15% 14,075 $2,098,151 Up ×3
ORLY O'Reilly Automotive, Inc. - Common Stock $5,230,343 0.15% 56,796 $442,500 Up ×3
WAB Westinghouse Air Brake Technologies Corporation Common Stock $5,228,622 0.15% 19,394 $-2,038,261 Down ×2
MCK McKesson Corporation Common Stock $5,190,216 0.15% 6,869 $-1,629,686 Down ×2
RL Ralph Lauren Corporation Common Stock $5,152,900 0.15% 12,837 $2,146,771 Up ×1
WFC Wells Fargo & Company Common Stock $5,134,423 0.15% 62,130 $449,773 Up ×3
MDB MongoDB, Inc. - Class A Common Stock $5,039,508 0.15% 15,003 Up ×1
CRS Carpenter Technology Corporation Common Stock $5,001,339 0.15% 8,108 $1,850,504 Up ×3
SEI Solaris Energy Infrastructure, Inc. Class A Common Stock $4,952,474 0.14% 61,552 $3,410,712 Up ×1
LPLA LPL Financial Holdings Inc. - Common Stock $4,841,516 0.14% 17,188 $-952,470 Down ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
GOOGL $357,475,992 10.40% up ×3
AVGO $178,501,281 5.19% up ×3
GEV $108,187,960 3.15% up ×3
GE $105,285,829 3.06% up ×3
META $105,254,168 3.06% up ×3
RCL $99,783,748 2.90% up ×3
V $94,366,196 2.75% up ×3
ARM $61,276,060 1.78% up ×3
ASML $48,077,972 1.40% up ×3
FICO $46,686,018 1.36% up ×3
ISRG $39,259,973 1.14% up ×3
VMC $35,140,176 1.02% up ×3
APP $33,791,123 0.98% up ×3
ADSK $23,543,252 0.69% up ×3
NET $21,942,994 0.64% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
TER $57,116,148 118,047 1.66%
SNDK $44,464,779 19,555 1.29%
CIEN $42,175,963 85,974 1.23%
WDC $36,804,849 57,622 1.07%
SNOW $17,472,698 68,655 0.51%
Unknown issuer (CUSIP: 438516205) $12,767,785 57,025 0.37%
Unknown issuer (CUSIP: 43849R105) $12,606,976 57,025 0.37%
HOOD $10,713,213 106,833 0.31%
SITM $9,091,358 12,194 0.26%
Unknown issuer (CUSIP: 84615Q103) $8,701,389 50,926 0.25%
CWST $8,393,529 86,558 0.24%
CRDO $7,415,261 27,267 0.22%
COHR $6,939,122 17,591 0.20%
AGX $6,861,142 8,592 0.20%
BWXT $6,573,914 33,773 0.19%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
GOOGL Bought more +373K +$177.2M
AAPL Trimmed -459K -$99.8M
AMZN Trimmed -458K -$87.8M
MSFT Trimmed -239K -$87.3M
NVDA Bought more +41K +$62.9M
AVGO Bought more +98K +$62.5M
ARM Bought more +4K +$35.8M
LLY Bought more +3K +$34.7M
GEV Bought more +1K +$28.9M
GE Bought more +5K +$26.6M

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
HON June 30, 2026 113,795 $25,721,084 -4.9%
VRT June 30, 2026 77,108 $19,321,723 -24.4%
PWR June 30, 2026 27,744 $15,232,011 -0.1%
MPWR June 30, 2026 13,106 $14,329,445 6.6%
HLT June 30, 2026 41,790 $12,707,503 -2.4%
CVNA June 30, 2026 23,337 $7,336,686 -2.9%
MSCI June 30, 2026 12,189 $6,569,993 -0.9%
VRSK March 31, 2026 27,871 $6,234,464 -12.9%
RBLX March 31, 2026 76,019 $6,159,820 -19.4%
TPL June 30, 2026 11,678 $5,541,912 -18.8%
DKNG March 31, 2026 150,079 $5,171,723 -8.6%
NRG June 30, 2026 31,875 $4,658,213 -29.1%
ENTG June 30, 2026 39,538 $4,635,435 -7.2%
SPOT March 31, 2026 7,741 $4,495,276 0.7%
DECK June 30, 2026 41,907 $4,194,472 -17.8%
MTD June 30, 2026 3,240 $4,086,288 20.0%
TSCO June 30, 2026 84,851 $3,843,750 2.2%
XYL March 31, 2026 27,618 $3,761,019 -12.5%
VEEV June 30, 2026 19,579 $3,439,247 59.7%
HOOD March 31, 2026 28,928 $3,271,757 61.6%
FANG March 31, 2026 21,431 $3,221,722 -6.5%
TTD Dec. 31, 2025 59,022 $2,892,667 -68.6%
ULTA June 30, 2026 5,267 $2,753,114 21.4%
ASTS June 30, 2026 31,753 $2,631,371 -29.0%
THC Dec. 31, 2025 12,028 $2,442,165 30.1%
MRVL June 30, 2026 23,989 $2,376,110 -3.7%
EHC March 31, 2026 21,689 $2,302,070 28.9%
DUOL Dec. 31, 2025 6,727 $2,165,018 -15.6%
APO March 31, 2026 14,029 $2,030,838 4.1%
ZG June 30, 2026 49,000 $2,028,110 -9.6%
CHWY Dec. 31, 2025 44,721 $1,808,964 -45.1%
WING June 30, 2026 11,274 $1,747,132 -35.3%
GEHC March 31, 2026 20,124 $1,650,571 -9.0%
SLM March 31, 2026 59,342 $1,605,795 5.5%
PGR March 31, 2026 6,623 $1,508,190 7.0%
ALLY Dec. 31, 2025 33,922 $1,329,742 -16.9%
AVAV March 31, 2026 4,460 $1,078,829 -21.6%
ZTS June 30, 2026 8,762 $1,035,756 -0.7%
FIGR June 30, 2026 20,382 $691,969 -10.9%
EFX June 30, 2026 3,491 $628,624 -10.2%
RARE Dec. 31, 2025 18,607 $559,699 -37.1%
IPG Dec. 31, 2025 2,118 $59,113 No longer tracked
DD June 30, 2026 588 $26,930 -1.7%
CCL June 30, 2026 944 $24,431 -7.0%