Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +30.9%
S&P 500 total return (same window) +37.0%
Excess return -6.1%

Annualized: +24.0% · 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: 88.9% · Options excluded: 0.0%

Sector breakdown

04
Technology 21.2%
Financials 11.2%
Consumer Staples 8.5%
Utilities 8.2%
Retail 6.5%
Real Estate 6.3%
Consumer Discretionary 5.8%
Communication Services 3.2%
Healthcare 3.0%
Consumer products 1.9%
Industrials 0.4%
Energy 0.3%
Other/Unmapped 23.5%

Full portfolio 127 positions

05
Type Streak 8Q trend
NVDA NVIDIA Corporation - Common Stock $18,810,174 5.63% 94,009 $2,609,339 Up ×3
AAPL Apple Inc. - Common Stock $17,095,138 5.12% 59,079 $2,731,192 Up ×2
SPYM State Street SPDR Portfolio S&P 500 ETF $14,368,950 4.30% 163,506 $1,540,004 Down ×1
MSFT Microsoft Corporation - Common Stock $9,997,255 2.99% 26,801 $2,937,653 Up ×2
KO Coca-Cola Company (The) Common Stock $7,986,878 2.39% 98,276 $678,787 Up ×5
IJH iShares Trust $6,843,516 2.05% 88,750 $720,556 Down ×1
LOW Lowe's Companies, Inc. Common Stock $6,787,297 2.03% 30,783 Up ×1
CSCO Cisco Systems, Inc. - Common Stock $6,515,424 1.95% 55,469 $1,143,360 Down ×1
AVGO Broadcom Inc. - Common Stock $6,505,087 1.95% 17,221 $32,176 Down ×1
JPM JP Morgan Chase & Co. Common Stock $6,492,001 1.94% 19,833 $-562,522 Down ×1
DELL Dell Technologies Inc. Class C Common Stock $6,332,431 1.90% 14,677 $2,812,561 Down ×1
PG Procter & Gamble Company (The) Common Stock $6,191,562 1.85% 42,223 $5,751,594 Up ×1
TJX TJX Companies, Inc. (The) Common Stock $5,846,271 1.75% 38,589 Up ×1
PM Philip Morris International Inc Common Stock $5,586,856 1.67% 30,882 $1,869,791 Up ×4
BOND PIMCO Active Bond Exchange-Traded Fund Exchange-Traded Fund $5,467,959 1.64% 59,299 $1,006,628 Up ×4
KHC The Kraft Heinz Company - Common Stock $5,314,489 1.59% 225,000
DUK Duke Energy Corporation (Holding Company) Common Stock $5,107,779 1.53% 40,352 $4,899,196 Up ×1
MO Altria Group, Inc. $4,915,750 1.47% 68,322 $-1,005,476 Down ×1
ORI Old Republic International Corporation Common Stock $4,898,295 1.47% 119,704 Up ×1
FDG AMERICAN CENTURY ETF TRUST $4,828,806 1.45% 36,280 $1,656,505 Up ×1
BAC Bank of America Corporation Common Stock $4,760,113 1.43% 83,540 $841,696 Up ×6
PEP PepsiCo, Inc. - Common Stock $4,718,728 1.41% 34,850 $-1,716,187 Down ×1
JEPI JPMorgan Equity Premium Income ETF $4,599,926 1.38% 81,443 $658,730 Up ×2
USB U.S. Bancorp Common Stock $4,547,579 1.36% 75,291 $745,213 Up ×4
BBY Best Buy Co., Inc. Common Stock $4,534,513 1.36% 59,759 Up ×1
MCD McDonald's Corporation Common Stock $4,379,346 1.31% 16,201 Up ×1
C Citigroup, Inc. Common Stock $4,287,076 1.28% 30,631 $1,049,058 Up ×5
PRU Prudential Financial, Inc. Common Stock $4,205,977 1.26% 38,970 Up ×1
MTN Vail Resorts, Inc. Common Stock $4,192,875 1.26% 30,796 Up ×1
EIX Edison International Common Stock $4,093,668 1.23% 54,985 $223,021 Up ×6
JNJ Johnson & Johnson Common Stock $4,080,215 1.22% 16,066 $402,871 Up ×2
SBUX Starbucks Corporation - Common Stock $4,032,438 1.21% 39,460 Up ×1
EXC Exelon Corporation - Common Stock $4,016,926 1.20% 86,163 Up ×1
FDVV FIDELITY COVINGTON TRUST $4,007,947 1.20% 66,478 $611,181 Up ×4
NLY Annaly Capital Management Inc. Common Stock $3,967,006 1.19% 177,415 $414,375 Up ×4
TFC Truist Financial Corporation Common Stock $3,900,772 1.17% 78,297 Up ×1
NEE NextEra Energy, Inc. Common Stock $3,761,811 1.13% 42,860 $-104,316 Up ×4
O Realty Income Corporation Common Stock $3,744,642 1.12% 60,436 $197,237 Up ×5
AMT American Tower Corporation (REIT) Common Stock $3,720,297 1.11% 22,744 Up ×1
WFC Wells Fargo & Company Common Stock $3,639,779 1.09% 44,044 $-832,034 Down ×1
SPG Simon Property Group, Inc. Common Stock $3,509,079 1.05% 15,690 $706,040 Up ×6
ES Eversource Energy (D/B/A) Common Stock $3,443,044 1.03% 47,641
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund $3,300,766 0.99% 124,463 $503,814 Up ×4
AMGN Amgen Inc. - Common Stock $3,294,679 0.99% 9,098 $256,908 Up ×6
PLD Prologis, Inc. Common Stock $3,262,358 0.98% 24,082 $221,736 Up ×2
F Ford Motor Company Common Stock $3,248,446 0.97% 233,701
AEP American Electric Power Company, Inc. - Common Stock $3,221,332 0.96% 23,546 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $3,187,098 0.95% 8,918 $905,419 Up ×6
NKE Nike, Inc. Common Stock $3,157,863 0.95% 76,927 Up ×1
JEPQ JPMorgan Nasdaq Equity Premium Income ETF $2,904,030 0.87% 47,251 $717,993 Up ×4
HPQ HP Inc. Common Stock $2,889,837 0.87% 131,715 Up ×1
ACN Accenture plc Class A Ordinary Shares (Ireland) $2,887,381 0.86% 23,203 Up ×1
SPYV State Street SPDR Portfolio S&P 500 Value ETF $2,821,736 0.85% 46,418 $270,995 Up ×4
IEFA iShares Core MSCI EAFE ETF $2,815,627 0.84% 29,153 $303,564 Up ×4
OHI Omega Healthcare Investors, Inc. Common Stock $2,731,928 0.82% 57,297 $324,604 Up ×6
AVEM AMERICAN CENTURY ETF TRUST $2,686,711 0.80% 27,844 $793,257 Up ×3
AES The AES Corporation Common Stock $2,672,431 0.80% 182,294 $-1,416,340 Down ×1
SWKS Skyworks Solutions, Inc. - Common Stock $2,569,568 0.77% 37,899 Up ×1
VOO Vanguard S&P 500 ETF $2,559,623 0.77% 3,727 $177,115 Down ×2
WMT Walmart Inc. - Common Stock $2,241,166 0.67% 19,788 $-105,042 Up ×1
FBND Fidelity Merrimack Street Trust $1,778,631 0.53% 39,099 $-14,998 Down ×1
DIVI Franklin Templeton ETF Trust $1,771,452 0.53% 41,467 $-149,563 Down ×1
QQQ Invesco QQQ Trust, Series 1 $1,537,298 0.46% 2,088 $328,345 Down ×2
ABBV AbbVie Inc. Common Stock $1,281,455 0.38% 5,092 $173,990
AMZN Amazon.com, Inc. - Common Stock $1,248,121 0.37% 5,237 $170,957 Up ×1
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF $1,243,926 0.37% 13,701 $161,363 Up ×1
SCEP Sterling Capital Hedged Equity Premium Income ETF $1,084,102 0.32% 43,364 $49,922 Down ×1
SLYG SPDR SERIES TRUST $924,187 0.28% 7,758 $194,552 Up ×4
AMAT Applied Materials, Inc. - Common Stock $912,526 0.27% 1,262 $489,078 Up ×4
SCMC Sterling Capital Multi-Strategy Income ETF $908,426 0.27% 36,150 $113,274 Up ×1
FLCB Franklin U.S. Core Bond ETF $907,668 0.27% 42,414 $25,795 Up ×1
SPY SPY $840,239 0.25% 1,125 $121,608 Up ×1
TLT iShares 20+ Year Treasury Bond ETF $806,023 0.24% 9,327 $84,010 Up ×1
AVUV AMERICAN CENTURY ETF TRUST $770,039 0.23% 6,172 $90,237 Up ×1
IVV iShares Trust $762,850 0.23% 1,019 $60,337 Down ×1
VGT Vanguard Information Tech ETF $752,845 0.23% 6,299 $203,711 Up ×2
XLK SELECT SECTOR SPDR TRUST $690,629 0.21% 3,625 $215,254 Up ×5
CVX Chevron Corporation Common Stock $674,243 0.20% 4,068 $-5,929,791 Down ×1
MU Micron Technology, Inc. - Common Stock $657,982 0.20% 570 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $655,266 0.20% 1,128 $424,373 Down ×2
HD Home Depot, Inc. (The) Common Stock $590,139 0.18% 1,673 $-2,377,836 Down ×1
VUG Vanguard Morningstar Growth ETF $558,475 0.17% 6,483 $130,223 Up ×1
TSLA Tesla, Inc. - Common Stock $518,092 0.16% 1,232 $67,980 Up ×3
LLY Eli Lilly and Company Common Stock $495,324 0.15% 413 $111,888 Down ×2
SO Southern Company (The) Common Stock $487,951 0.15% 5,098 $-2,871,190 Down ×1
DIA State Street SPDR Dow Jones Industrial Average ETF Trust $429,245 0.13% 822 $169,797 Up ×1
NSC Norfolk Southern Corporation Common Stock $427,028 0.13% 1,357 $37,488
AEE Ameren Corporation Common Stock $421,527 0.13% 3,729 $-1,432 Down ×4
INTC Intel Corporation - Common Stock $414,833 0.12% 2,971 Up ×1
T AT&T Inc. $411,513 0.12% 19,880 $-164,760 Up ×1
IEMG iShares, Inc. $411,342 0.12% 4,966 $45,425 Down ×4
QQQM Invesco NASDAQ 100 ETF $386,480 0.12% 1,276 $100,717 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $375,774 0.11% 667 $36,495 Up ×3
IBM International Business Machines Corporation Common Stock $370,291 0.11% 1,317 $-3,380,533 Down ×1
AIS Tidal Trust III $365,297 0.11% 4,282 Up ×1
IJR iShares Trust $359,039 0.11% 2,421 $58,601 Up ×4
VNQ Vanguard Real Estate ETF $350,500 0.10% 3,635 Up ×1
COST Costco Wholesale Corporation - Common Stock $334,062 0.10% 357 $-22,477 Down ×1
ABT Abbott Laboratories Common Stock $324,119 0.10% 3,572 $-43,178 Down ×1
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $320,310 0.10% 332 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
NVDA $18,810,174 5.63% up ×3
KO $7,986,878 2.39% up ×5
PM $5,586,856 1.67% up ×4
BOND $5,467,959 1.64% up ×4
BAC $4,760,113 1.43% up ×6
USB $4,547,579 1.36% up ×4
C $4,287,076 1.28% up ×5
EIX $4,093,668 1.23% up ×6
FDVV $4,007,947 1.20% up ×4
NLY $3,967,006 1.19% up ×4
NEE $3,761,811 1.13% up ×4
O $3,744,642 1.12% up ×5
SPG $3,509,079 1.05% up ×6
PYLD $3,300,766 0.99% up ×4
AMGN $3,294,679 0.99% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
LOW $6,787,297 30,783 2.03%
TJX $5,846,271 38,589 1.75%
KHC $5,314,489 225,000 1.59%
ORI $4,898,295 119,704 1.47%
BBY $4,534,513 59,759 1.36%
MCD $4,379,346 16,201 1.31%
PRU $4,205,977 38,970 1.26%
MTN $4,192,875 30,796 1.26%
SBUX $4,032,438 39,460 1.21%
EXC $4,016,926 86,163 1.20%
TFC $3,900,772 78,297 1.17%
AMT $3,720,297 22,744 1.11%
ES $3,443,044 47,641 1.03%
F $3,248,446 233,701 0.97%
AEP $3,221,332 23,546 0.96%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
MSFT Bought more +8K +$2.9M
DELL Trimmed -7K +$2.8M
AAPL Bought more +2K +$2.7M
NVDA Bought more +1K +$2.6M
PM Bought more +8K +$1.9M
PEP Trimmed -7K -$1.7M
FDG Bought more +8K +$1.7M
SPYM Trimmed -4K +$1.5M
AES Trimmed -108K -$1.4M
CSCO Trimmed -14K +$1.1M

9 positions hidden — reported move looks larger than the position itself (data completeness check)

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
XOM June 30, 2026 46,220 $7,841,694 20.0%
HSY June 30, 2026 28,222 $5,867,082 -8.7%
ES June 30, 2025 91,019 $5,653,204 1.4%
CHRD June 30, 2026 34,883 $4,959,606 19.9%
MCHP June 30, 2026 75,278 $4,863,709 -10.8%
DVN June 30, 2026 90,789 $4,568,498 15.3%
CME June 30, 2026 14,043 $4,147,733 19.2%
EOG June 30, 2026 28,663 $4,143,880 9.0%
GE June 30, 2025 19,812 $3,965,369 20.3%
TRGP June 30, 2025 19,472 $3,903,615 61.8%
PSA June 30, 2025 12,664 $3,790,240 -3.3%
AGNC June 30, 2026 365,966 $3,670,641 -19.4%
RTX June 30, 2025 27,026 $3,579,880 26.5%
HR June 30, 2025 207,199 $3,501,668 10.2%
D June 30, 2026 55,786 $3,448,710 -10.2%
MDT June 30, 2025 33,541 $3,013,952 -0.9%
KHC Dec. 31, 2025 115,398 $3,004,964 -8.5%
FANG June 30, 2026 13,408 $2,652,062 5.1%
BX June 30, 2026 22,836 $2,625,966 -5.0%
TPG June 30, 2026 61,071 $2,473,979 10.2%
CCI June 30, 2026 30,319 $2,465,215 -12.3%
UPS June 30, 2025 21,053 $2,315,590 -7.8%
CAT June 30, 2025 6,828 $2,251,752 117.8%
COP June 30, 2025 20,766 $2,180,873 41.2%
AFG June 30, 2026 15,319 $1,956,360 -0.6%
UNP June 30, 2026 7,876 $1,910,907 2.3%
VNOM June 30, 2026 40,464 $1,901,397 -4.2%
CVS June 30, 2026 22,748 $1,633,752 -16.4%
BMY Dec. 31, 2025 15,837 $714,265 13.4%
AVDE June 30, 2025 10,468 $693,694
VGSH March 31, 2026 7,845 $460,747
IAUM June 30, 2026 9,213 $430,247
SHV June 30, 2026 3,046 $336,248
SHV Dec. 31, 2025 2,986 $329,923
VTI June 30, 2026 878 $281,526
DUK Dec. 31, 2025 2,269 $280,766 -2.6%
VZ Dec. 31, 2025 6,037 $265,336 12.7%
VZ June 30, 2026 4,689 $235,372 8.5%
DVY March 31, 2026 1,658 $234,020
FGD March 31, 2026 7,705 $233,227
WDIV March 31, 2026 3,029 $228,526
MA March 31, 2026 396 $225,884 10.5%
OKE June 30, 2025 2,235 $221,724 7.7%
ICLO March 31, 2026 8,433 $215,469
QCOM March 31, 2026 1,204 $205,906 43.6%
SIXO March 31, 2026 5,873 $203,969
ORCL Dec. 31, 2025 717 $201,766 -27.0%
HON Sept. 30, 2025 860 $200,260 7.9%
F Dec. 31, 2025 10,949 $130,953 -7.8%