Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +28.3%
S&P 500 total return (same window) +37.0%
Excess return -8.7%

Annualized: +22.1% · 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: 89.9% · Options excluded: 0.0%

Sector breakdown

04
Industrials 20.3%
Financials 16.0%
Healthcare 12.0%
Technology 11.5%
Energy 5.7%
Communication Services 4.3%
Consumer products 4.0%
Real Estate 3.9%
Consumer Staples 3.0%
Consumer Discretionary 2.3%
Utilities 1.0%
Materials 0.5%
Retail 0.5%
Other/Unmapped 15.0%

Full portfolio 109 positions

05
Type Streak 8Q trend
GLW Corning Incorporated Common Stock $12,501,402 4.47% 48,943 $5,347,174 Down ×4
ABBV AbbVie Inc. Common Stock $11,845,461 4.23% 47,073 $1,564,202 Down ×2
VIGI Vanguard International Dividend Appreciation ETF $11,748,063 4.20% 125,809 $512,148 Down ×1
SGOV iShares Trust $11,390,862 4.07% 113,151 $-1,301,916 Down ×1
CSCO Cisco Systems, Inc. - Common Stock $11,183,758 4.00% 95,213 $1,249,990 Down ×2
AMAT Applied Materials, Inc. - Common Stock $9,073,885 3.24% 12,550 $3,361,307 Down ×4
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $9,019,029 3.22% 18,024 $288,963 Down ×2
JNJ Johnson & Johnson Common Stock $8,123,283 2.90% 31,985 $202,591 Down ×4
KMI Kinder Morgan, Inc. Common Stock $7,329,607 2.62% 229,265 $-418,891 Down ×2
RF Regions Financial Corporation Common Stock $6,836,361 2.44% 226,370 $819,434 Down ×2
UNM Unum Group Common Stock $6,543,215 2.34% 73,190 $1,168,586 Down ×2
DLR Digital Realty Trust, Inc. Common Stock $5,934,879 2.12% 33,049 $-98,088 Down ×2
MET MetLife, Inc. Common Stock $5,929,564 2.12% 70,081 $872,051 Down ×2
PAYX Paychex, Inc. - Common Stock $5,229,031 1.87% 53,178 $267,949 Down ×1
ABT Abbott Laboratories Common Stock $5,170,059 1.85% 56,977 $-724,586 Down ×2
NVT nVent Electric plc Ordinary Shares $4,962,567 1.77% 29,259 $1,262,398 Down ×3
SPSB State Street SPDR Portfolio Short Term Corporate Bond ETF $4,890,532 1.75% 162,963 $195,069 Up ×4
FSLR First Solar, Inc. - Common Stock $4,775,358 1.71% 20,238 $675,703 Down ×3
GRMN Garmin Ltd. Common Stock (Switzerland) $4,532,503 1.62% 19,081 $77,911 Down ×2
ENS EnerSys Common Stock $4,499,677 1.61% 19,244 $1,096,696 Down ×4
MSFT Microsoft Corporation - Common Stock $4,419,988 1.58% 11,849 $-87,688 Down ×2
XYL Xylem Inc. Common Stock New $4,363,296 1.56% 36,911 Up ×1
JKHY Jack Henry & Associates, Inc. - Common Stock $4,228,340 1.51% 30,698 $-573,247 Up ×2
DOCU DocuSign, Inc. - Common Stock $3,953,913 1.41% 89,012 $-378,745 Down ×1
ZM Zoom Communications, Inc. - Class A Common Stock $3,934,873 1.41% 45,590 $164,984 Down ×1
GPC Genuine Parts Company Common Stock $3,678,911 1.31% 31,183 $227,175 Down ×2
PBA Pembina Pipeline Corp. Ordinary Shares (Canada) $3,666,746 1.31% 79,281 $115,219 Down ×6
ADP Automatic Data Processing, Inc. - Common Stock $3,587,075 1.28% 16,017 $355,127 Up ×1
CHD Church & Dwight Company, Inc. Common Stock $3,506,333 1.25% 36,193 $361,536 Up ×1
BDX Becton, Dickinson and Company Common Stock $3,475,608 1.24% 22,967 $297,496 Up ×3
GWW W.W. Grainger, Inc. Common Stock $3,467,687 1.24% 2,549 $692,116 Up ×1
O Realty Income Corporation Common Stock $3,255,482 1.16% 52,542 $20,355 Down ×2
VMI Valmont Industries, Inc. Common Stock $3,191,711 1.14% 5,526 $866,279 Down ×3
BMO Bank Of Montreal Common Stock $3,082,355 1.10% 17,444 $699,559 Down ×2
SJM The J.M. Smucker Company Common Stock $3,066,525 1.10% 27,258 $410,218 Down ×1
EMR Emerson Electric Company Common Stock $3,047,014 1.09% 21,285 $267,719 Up ×1
ETN Eaton Corporation, PLC Ordinary Shares $2,913,809 1.04% 6,838 $403,323 Down ×1
IUSV iShares Core S&P U.S. Value ETF $2,735,649 0.98% 24,836 $196,593 Up ×4
MCD McDonald's Corporation Common Stock $2,677,555 0.96% 9,905 $-395,072 Up ×1
INGR Ingredion Incorporated Common Stock $2,632,805 0.94% 27,799 $-329,590 Up ×1
SAFT Safety Insurance Group, Inc. - Common Stock $2,584,220 0.92% 34,521 $-37,693 Down ×3
NVDA NVIDIA Corporation - Common Stock $2,466,560 0.88% 12,327 $279,089 Down ×3
VOE Vanguard Morningstar Mid-Cap Value ETF $2,363,938 0.84% 11,963 $166,492 Up ×1
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $2,246,550 0.80% 3 $92,130
KO Coca-Cola Company (The) Common Stock $2,246,284 0.80% 27,640 $156,777 Up ×1
FTEC FIDELITY COVINGTON TRUST $2,059,317 0.74% 7,211 $496,653 Down ×2
TPL Texas Pacific Land Corporation Common Stock $1,974,729 0.71% 4,512 $-166,591
NOBL ProShares Trust $1,829,394 0.65% 32,575 $78,142 Up ×1
UMH UMH Properties, Inc. Common Stock $1,662,664 0.59% 109,819 $99,463 Up ×1
LLY Eli Lilly and Company Common Stock $1,638,515 0.59% 1,366 $383,919 Up ×3
VIG Vanguard Div Appreciation ETF $1,625,035 0.58% 6,868 $182,388 Up ×6
BMY Bristol-Myers Squibb Company Common Stock $1,542,425 0.55% 26,769 $-185,970 Down ×4
PG Procter & Gamble Company (The) Common Stock $1,517,304 0.54% 10,347 $31,641 Up ×1
EPD Enterprise Products Partners L.P. Common Stock $1,504,796 0.54% 40,936 $-40,364 Up ×1
AAPL Apple Inc. - Common Stock $1,503,896 0.54% 5,197 $37,162 Down ×1
RPM RPM International Inc. Common Stock $1,359,787 0.49% 12,234 $147,845 Up ×1
PBI Pitney Bowes Inc. Common Stock $1,333,444 0.48% 76,110 $483,387 Down ×1
UNP Union Pacific Corporation Common Stock $1,321,469 0.47% 4,858 $147,877 Up ×2
ATO Atmos Energy Corporation Common Stock $1,139,212 0.41% 6,613 $-75,125 Up ×2
KMB Kimberly-Clark Corporation - Common Stock $1,133,223 0.40% 10,324 $85,843 Down ×4
LDOS Leidos Holdings, Inc. Common Stock $1,072,927 0.38% 10,420 $-550,672 Down ×1
JPM JP Morgan Chase & Co. Common Stock $1,062,198 0.38% 3,245 $100,795 Down ×1
SPY SPY $1,014,092 0.36% 1,358 $54,552 Down ×1
PNW Pinnacle West Capital Corporation Common Stock $936,265 0.33% 8,750 $36,250 Down ×1
WAT Waters Corporation Common Stock $923,348 0.33% 2,462 $183,017 Down ×1
CMI Cummins Inc. Common Stock $896,362 0.32% 1,257 $221,772 Up ×2
NSC Norfolk Southern Corporation Common Stock $882,967 0.32% 2,807 $80,854 Up ×2
AON Aon plc Class A Ordinary Shares (Ireland) $841,728 0.30% 2,538 $-327,592 Down ×1
RTX RTX Corporation Common Stock $716,245 0.26% 3,775 $-9,214 Up ×6
TOST Toast, Inc. Class A Common Stock $713,444 0.25% 25,645 $-83,579 Down ×1
AMD Advanced Micro Devices, Inc. - Common Stock $704,644 0.25% 1,213 $457,883
BEP Brookfield Renewable Partners L.P. Limited Partnership Units $700,678 0.25% 20,175 $42,166
BAC Bank of America Corporation Common Stock $683,340 0.24% 11,993 $50,896 Down ×1
AXP American Express Company Common Stock $681,200 0.24% 2,014 $73,216 Up ×2
OKE ONEOK, Inc. Common Stock $678,530 0.24% 7,805 $-18,840 Up ×1
SAIC Science Applications International Corporation - Common Stock $658,356 0.24% 5,963 $92,364
AMZN Amazon.com, Inc. - Common Stock $619,207 0.22% 2,598 $-3,520 Down ×1
PEP PepsiCo, Inc. - Common Stock $580,296 0.21% 4,286 $-128,072 Down ×4
SCHD SCHWAB STRATEGIC TRUST $559,935 0.20% 17,658 $17,305 Down ×1
HD Home Depot, Inc. (The) Common Stock $509,117 0.18% 1,444 $37,667 Up ×3
CL Colgate-Palmolive Company Common Stock $497,977 0.18% 5,432 $37,562 Up ×3
TXN Texas Instruments Incorporated - Common Stock $463,165 0.17% 1,554 $162,473 Up ×6
QCOM QUALCOMM Incorporated - Common Stock $447,516 0.16% 2,422 $137,011 Up ×1
DGX Quest Diagnostics Incorporated Common Stock $406,525 0.15% 1,918 $32,288 Up ×1
CAT Caterpillar, Inc. Common Stock $397,904 0.14% 374 $133,277
FAST Fastenal Company - Common Stock $389,080 0.14% 8,101 $13,204
XOM Exxon Mobil Corporation Common Stock $381,611 0.14% 2,791 $-82,493 Up ×1
SCHB SCHWAB STRATEGIC TRUST $378,122 0.14% 13,057 $51,071 Up ×6
TMO Thermo Fisher Scientific Inc Common Stock $377,864 0.14% 754 $7,591 Up ×1
COST Costco Wholesale Corporation - Common Stock $362,251 0.13% 387 $-23,102
VTI Vanguard Morningstar Total Stock Market ETF $345,823 0.12% 935 $46,851 Up ×4
ROL Rollins, Inc. Common Stock $331,157 0.12% 7,934 $-91,048 Up ×6
INTU Intuit Inc. - Common Stock $331,002 0.12% 1,268 $-260,494 Down ×1
OMC Omnicom Group Inc. Common Stock $330,522 0.12% 4,538 $-7,633 Up ×2
VUG Vanguard Morningstar Growth ETF $322,048 0.12% 3,739 $50,079 Up ×1
SGOL abrdn Physical Gold Shares ETF $295,021 0.11% 7,717 $-49,312
CVX Chevron Corporation Common Stock $281,735 0.10% 1,700 $-106,438 Down ×1
DFAC Dimensional ETF Trust $280,152 0.10% 6,315
GOOGL Alphabet Inc. - Class A Common Stock $278,634 0.10% 780 $13,978 Down ×1
GE GE Aerospace Common Stock $229,888 0.08% 615 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
SPSB $4,890,532 1.75% up ×4
BDX $3,475,608 1.24% up ×3
IUSV $2,735,649 0.98% up ×4
LLY $1,638,515 0.59% up ×3
VIG $1,625,035 0.58% up ×6
RTX $716,245 0.26% up ×6
HD $509,117 0.18% up ×3
CL $497,977 0.18% up ×3
TXN $463,165 0.17% up ×6
SCHB $378,122 0.14% up ×6
VTI $345,823 0.12% up ×4
ROL $331,157 0.12% up ×6
SPGI $210,334 0.08% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
XYL $4,363,296 36,911 1.56%
DFAC $280,152 6,315 0.10%
GE $229,888 615 0.08%
UPS $215,000 2,000 0.08%
MSM $214,110 1,800 0.08%
ITOT $213,575 1,300 0.08%
CARR $207,567 2,830 0.07%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
GLW Trimmed -4K +$5.3M
AMAT Trimmed -4K +$3.4M
ABBV Trimmed -199 +$1.6M
SGOV Trimmed -13K -$1.3M
NVT Trimmed -2K +$1.3M
CSCO Trimmed -33K +$1.2M
UNM Trimmed -405 +$1.2M
ENS Trimmed -345 +$1.1M
MET Trimmed -1K +$872K
VMI Trimmed -294 +$866K

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
GPN Sept. 30, 2025 32,006 $2,561,779 -1.1%
DOX March 31, 2026 29,784 $2,397,910 -10.4%
RHI Sept. 30, 2025 52,258 $2,145,204 1.0%
VOT March 31, 2026 7,389 $2,062,613
AON June 30, 2025 1,622 $647,309 -23.7%
EXPD Dec. 31, 2025 3,389 $415,489 30.3%
IPG Dec. 31, 2025 12,922 $360,660 No longer tracked
TWLO June 30, 2026 2,725 $342,860 45.8%
QQQ March 31, 2026 443 $272,075 29.0%
AMGN March 31, 2026 817 $267,274 14.5%
IBM Dec. 31, 2025 932 $262,971 -25.2%
INTC Dec. 31, 2025 7,800 $261,690 214.9%
DFAC March 31, 2026 6,284 $248,785
ORCL Dec. 31, 2025 796 $223,749 -26.9%
ADBE Dec. 31, 2025 629 $221,880 -31.8%
INTU Dec. 31, 2025 300 $204,873 -57.0%
CARR Sept. 30, 2025 2,787 $203,985 -6.6%
UPS Sept. 30, 2025 2,000 $201,880 11.5%
ACHR Sept. 30, 2025 10,236 $111,061 -50.7%