Performance vs S&P 500

03
Tracked Q4 2025–Q2 2026 +22.3%
S&P 500 total return (same window) +8.7%
Excess return +13.6%

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: 99.1% · Options excluded: 3.6%

Sector breakdown

04
Industrials 65.3%
Retail 8.3%
Materials 6.1%
Consumer Discretionary 5.3%
Consumer products 4.0%
Communication Services 2.6%
Real Estate 1.8%
Consumer Staples 1.6%
Financials 1.5%
Technology 1.2%
Healthcare 0.4%
Energy 0.1%
Other/Unmapped 1.7%

Full portfolio 121 positions

05
Type Streak 8Q trend
AME AMETEK, Inc. $14,516,400 6.10% 60,000 $3,821,122 Up ×1
IEX IDEX Corporation Common Stock $11,801,400 4.96% 52,000 $3,777,938 Up ×2
PH Parker-Hannifin Corporation Common Stock $10,759,320 4.52% 11,000 $-1,720,326 Down ×1
JCI Johnson Controls International plc Ordinary Share $8,182,160 3.44% 56,000 $-3,583,698 Down ×2
CRH CRH PLC Ordinary Shares $7,704,000 3.24% 72,000
PKG Packaging Corporation of America Common Stock $7,624,960 3.20% 32,000
JBHT J.B. Hunt Transport Services, Inc. - Common Stock $7,235,750 3.04% 25,000 Up ×1
ITT ITT Inc. Common Stock $7,119,360 2.99% 36,000 Up ×1
TDY Teledyne Technologies Incorporated Common Stock $6,669,000 2.80% 10,000 Up ×1
CSX CSX Corporation - Common Stock $6,654,200 2.79% 140,000 $-2,981,302 Down ×1
CTVA Corteva, Inc. Common Stock $6,351,750 2.67% 75,000 Up ×1
IR Ingersoll Rand Inc. Common Stock $6,149,250 2.58% 75,000 Up ×1
APH Amphenol Corporation Common Stock $5,994,880 2.52% 34,000 $3,215,180 Up ×1
UNP Union Pacific Corporation Common Stock $5,440,000 2.28% 20,000
NDSN Nordson Corporation - Common Stock $5,430,420 2.28% 18,000 $834,233 Up ×1
TEX Terex Corporation Common Stock $5,429,250 2.28% 75,000 $2,350,081 Up ×1
AMZN Amazon.com, Inc. - Common Stock $5,157,916 2.17% 21,641 Up ×1
DE Deere & Company Common Stock $5,074,640 2.13% 8,000 Up ×1
AIT Applied Industrial Technologies, Inc. Common Stock $5,072,250 2.13% 15,000 $-3,948,630 Down ×2
TT Trane Technologies plc $4,911,600 2.06% 10,000 Up ×1
SITE SiteOne Landscape Supply, Inc. Common Stock $4,805,220 2.02% 42,000 Up ×1
SKY Champion Homes, Inc. Common Stock $3,877,280 1.63% 44,000 $742,584 Up ×2
DLR Digital Realty Trust, Inc. Common Stock $3,858,635 1.62% 21,487 Up ×1
GNRC Generac Holdlings Inc. Common Stock $3,513,720 1.48% 12,000 Up ×1
CGNX Cognex Corporation - Common Stock $3,476,160 1.46% 48,000
CPA Copa Holdings, S.A. Class A Common Stock $3,422,540 1.44% 22,000 Up ×1
GIL Gildan Activewear, Inc. Class A Sub. Vot. Common Stock $3,406,168 1.43% 66,011 Up ×1
WSC WillScot Holdings Corporation - Class A Common Stock $3,174,600 1.33% 110,000 Up ×1
SGI Somnigroup International Inc. Common Stock $3,136,000 1.32% 40,000 Up ×1
FIVE Five Below, Inc. - Common Stock $3,127,627 1.31% 17,396 Up ×1
SPOT Spotify Technology S.A. Ordinary Shares $3,049,541 1.28% 6,642 Up ×1
CLH Clean Harbors, Inc. Common Stock $2,987,500 1.25% 10,000 Up ×1
EMBJ Embraer S.A. Common Stock $2,934,800 1.23% 46,000 Up ×1
DKS Dick's Sporting Goods Inc Common Stock $2,721,266 1.14% 11,998 Up ×1
UAL United Airlines Holdings, Inc. - Common Stock $2,719,800 1.14% 20,000 Up ×1
DG Dollar General Corporation Common Stock $2,718,208 1.14% 23,614 Up ×1
ONON On Holding AG Class A Ordinary Shares $2,706,690 1.14% 76,417 Up ×1
UTI Universal Technical Institute Inc Common Stock $2,566,200 1.08% 60,000 $-143,033 Down ×1
ORLY O'Reilly Automotive, Inc. - Common Stock $2,542,697 1.07% 27,611 Up ×1
EL Estee Lauder Companies, Inc. (The) Common Stock $2,487,557 1.04% 31,508 Up ×1
Unknown issuer (CUSIP: 04339D105) $2,214,720 0.93% 48,000 Up ×1
SBUX Starbucks Corporation - Common Stock $2,102,048 0.88% 20,570 Up ×1
TTWO Take-Two Interactive Software, Inc. - Common Stock $1,852,102 0.78% 7,409 Up ×1
RACE Ferrari N.V. Common Shares $1,786,620 0.75% 4,799 Up ×1
VIXY VIX Short-Term Futures ETF $1,759,044 0.74% 82,623 $-1,129,963 Down ×1
ROST Ross Stores, Inc. - Common Stock $1,534,436 0.64% 7,209 Up ×1
KMX CarMax Inc $1,428,030 0.60% 27,000 Up ×1
MSM MSC Industrial Direct Company, Inc. Common Stock $1,427,400 0.60% 12,000 Up ×1
QXO QXO, Inc. Common Stock $1,296,000 0.54% 75,000 Up ×1
V Visa Inc. $1,273,550 0.53% 3,712 Up ×1
AAMI Acadian Asset Management Inc. Common Stock $1,251,600 0.53% 17,500 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $1,248,293 0.52% 3,493 Up ×1
ROG Rogers Corporation Common Stock $1,146,110 0.48% 7,000 $-1,558,606 Down ×1
MA Mastercard Incorporated Common Stock $1,144,814 0.48% 2,229 Up ×1
HSY The Hershey Company Common Stock $1,092,527 0.46% 6,227 Up ×1
PRMB Primo Brands Corporation Class A Common Stock $1,027,824 0.43% 42,055 Up ×1
STZ Constellation Brands, Inc. Common Stock $976,273 0.41% 7,019 Up ×1
DDOG Datadog, Inc. - Class A Common Stock $821,957 0.35% 3,157 Up ×1
SNOW Snowflake Inc. Common Stock $775,971 0.33% 3,049 Up ×1
MNST Monster Beverage Corporation - Common Stock $730,704 0.31% 7,602 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $615,588 0.26% 1,289 Up ×1
ORCL Oracle Corporation Common Stock $608,622 0.26% 4,153 Up ×1
SHW Sherwin-Williams Company (The) Common Stock $593,952 0.25% 1,725 Up ×1
CURB Curbline Properties Corp. Common Stock $456,000 0.19% 15,000 Up ×1
INGM Ingram Micro Holding Corporation Common Stock $397,735 0.17% 14,500 Up ×1
TRMD TORM plc - Class A Common Stock $343,471 0.14% 13,180 Up ×1
CHWY Chewy, Inc. Class A Common Stock $314,400 0.13% 16,000 Up ×1
SE Sea Limited American Depositary Shares, each representing one Class A Ordinary Share $263,916 0.11% 2,754 Up ×1
NOW ServiceNow, Inc. Common Stock $118,640 0.05% 1,195 Up ×1
THC Tenet Healthcare Corporation Common Stock $31,242 0.01% 167 Up ×1
VEEV Veeva Systems Inc. Class A Common Stock $31,235 0.01% 176 $9,629 Up ×1
BTSG BrightSpring Health Services, Inc. - Common Stock $31,174 0.01% 447 $7,653 Down ×1
MOH Molina Healthcare Inc Common Stock $31,103 0.01% 136 Up ×1
IDXX IDEXX Laboratories, Inc. - Common Stock $31,060 0.01% 59 $11,394 Up ×1
HUM Humana Inc. Common Stock $30,983 0.01% 78 Up ×1
PEN Penumbra, Inc. Common Stock $30,944 0.01% 98 $9,600 Up ×1
ISRG Intuitive Surgical, Inc. - Common Stock $30,621 0.01% 77 $9,876 Up ×1
AXGN Axogen, Inc. - Common Stock $27,991 0.01% 606 Up ×1
ALHC Alignment Healthcare, Inc. - Common Stock $27,739 0.01% 1,165 $7,441 Up ×1
OPCH Option Care Health, Inc. - Common Stock $27,680 0.01% 1,320 $8,621 Up ×1
PGNY Progyny, Inc. - Common Stock $27,648 0.01% 959 Up ×1
PRVA Privia Health Group, Inc. - Common Stock $27,634 0.01% 1,074 Up ×1
GKOS Glaukos Corporation Common Stock $27,533 0.01% 197 Up ×1
LFST LifeStance Health Group, Inc. - Common Stock $27,525 0.01% 2,570 Up ×1
CHE Chemed Corp $27,479 0.01% 59 $7,459 Up ×1
CLOV Clover Health Investments, Corp. - Class A Common stock $27,358 0.01% 5,221 Up ×1
BBIO BridgeBio Pharma, Inc. - Common Stock $21,003 0.01% 282 $-5,211 Down ×1
RVMD Revolution Medicines, Inc. - Common Stock $20,975 0.01% 112 Up ×1
GILD Gilead Sciences, Inc. - Common Stock $20,846 0.01% 165 Up ×1
ROIV Roivant Sciences Ltd. - Common Shares $20,845 0.01% 589 Up ×1
MRNA Moderna, Inc. - Common Stock $20,799 0.01% 297 $-588 Down ×1
CYTK Cytokinetics, Incorporated - Common Stock $20,786 0.01% 244 $14,261 Up ×1
IONS Ionis Pharmaceuticals, Inc. - Common Stock $20,615 0.01% 260 Up ×1
AXSM Axsome Therapeutics, Inc. - Common Stock $20,561 0.01% 84 $14,476 Up ×1
NBIX Neurocrine Biosciences, Inc. - Common Stock $20,561 0.01% 122 Up ×1
KRYS Krystal Biotech, Inc. - Common Stock $20,442 0.01% 55 Up ×1
MDGL Madrigal Pharmaceuticals, Inc. - Common Stock $20,404 0.01% 38 Up ×1
SHC Sotera Health Company - Common Stock $11,342 0.00% 639 $5,850 Up ×1
INDV Indivior Pharmaceuticals, Inc. - Common Stock $11,324 0.00% 276 Up ×1
NUVL Nuvalent, Inc. - Class A Common Stock $11,115 0.00% 90 Up ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
CRH $7,704,000 72,000 3.24%
PKG $7,624,960 32,000 3.20%
JBHT $7,235,750 25,000 3.04%
ITT $7,119,360 36,000 2.99%
TDY $6,669,000 10,000 2.80%
CTVA $6,351,750 75,000 2.67%
IR $6,149,250 75,000 2.58%
UNP $5,440,000 20,000 2.28%
AMZN $5,157,916 21,641 2.17%
DE $5,074,640 8,000 2.13%
TT $4,911,600 10,000 2.06%
SITE $4,805,220 42,000 2.02%
DLR $3,858,635 21,487 1.62%
GNRC $3,513,720 12,000 1.48%
CGNX $3,476,160 48,000 1.46%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AIT Trimmed -19K -$3.9M
AME Bought more +10K +$3.8M
IEX Bought more +10K +$3.8M
JCI Trimmed -34K -$3.6M
APH Bought more +12K +$3.2M
CSX Trimmed -95K -$3.0M
TEX Bought more +23K +$2.4M
PH Trimmed -3K -$1.7M
ROG Trimmed -18K -$1.6M
VIXY Trimmed -1K -$1.1M

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
GLD March 31, 2026 34,954 $13,852,620
BA June 30, 2026 51,716 $10,293,035 -11.0%
ETN June 30, 2026 28,200 $10,086,294 1.5%
CAT June 30, 2026 13,375 $9,475,653 -20.4%
FERG June 30, 2026 35,662 $8,318,518 -6.1%
LIN June 30, 2026 15,096 $7,483,993 -7.0%
DOV June 30, 2026 35,871 $7,477,310 -14.7%
APD June 30, 2026 25,483 $7,402,557 -4.7%
LMT June 30, 2026 11,819 $7,143,285 -0.6%
WWD June 30, 2026 18,717 $6,699,189 -21.7%
TKR June 30, 2026 66,150 $6,652,706 -17.4%
WCN March 31, 2026 37,000 $6,488,320 -5.0%
CRS June 30, 2026 15,947 $6,285,510 -36.4%
LECO March 31, 2026 26,000 $6,230,640 10.4%
CARR March 31, 2026 110,000 $5,812,400 -1.0%
NSC March 31, 2026 20,000 $5,774,400 10.2%
WAB June 30, 2026 22,700 $5,672,957 8.3%
AVY March 31, 2026 30,000 $5,456,400 -1.6%
LHX March 31, 2026 18,000 $5,284,260 -31.4%
LOW March 31, 2026 21,000 $5,064,360 -24.0%
WM June 30, 2026 21,947 $5,043,201 -7.3%
CRH March 31, 2026 40,000 $4,992,000 -21.4%
KEX June 30, 2026 36,460 $4,844,805 2.9%
JBTM June 30, 2026 37,000 $4,731,190 -24.3%
EMR June 30, 2026 35,000 $4,585,700 13.4%
RAL March 31, 2026 90,000 $4,581,900 77.8%
PKG March 31, 2026 22,000 $4,537,060 8.1%
HD June 30, 2026 13,000 $4,275,570 -20.3%
GXO June 30, 2026 76,249 $3,953,511 -9.3%
DAL March 31, 2026 55,000 $3,817,000 25.0%
NOVT June 30, 2026 30,563 $3,609,796 -7.2%
CP June 30, 2026 45,000 $3,539,700 -1.0%
RS March 31, 2026 12,041 $3,478,284 34.3%
NUE June 30, 2026 19,137 $3,236,067 12.9%
WTS June 30, 2026 10,922 $3,170,547 -7.3%
MLM June 30, 2026 5,126 $3,017,574 -15.8%
CWST June 30, 2026 35,000 $2,776,900 -14.0%
SOLS June 30, 2026 36,000 $2,741,760 -34.5%
FCX March 31, 2026 50,000 $2,539,500 23.5%
FPS June 30, 2026 85,000 $2,487,950 -30.2%
GM March 31, 2026 30,235 $2,458,710 7.7%
CTRI June 30, 2026 82,176 $2,400,361 -31.5%
CGNX March 31, 2026 60,000 $2,158,800 31.4%
UNP March 31, 2026 9,000 $2,081,880 14.2%
LFUS March 31, 2026 8,106 $2,050,170 33.0%
KNX March 31, 2026 20,000 $1,045,600 13.3%
RPM March 31, 2026 10,000 $1,040,000 -4.1%
HQY June 30, 2026 295 $24,653 1.4%
RPRX June 30, 2026 481 $23,074 1.1%
NTRA June 30, 2026 112 $22,399 56.8%
JAZZ June 30, 2026 117 $22,119 -2.0%
BIIB June 30, 2026 120 $22,000 3.5%
BMY June 30, 2026 359 $21,773 2.1%
WAT June 30, 2026 73 $21,739 17.4%
ELAN June 30, 2026 872 $20,867 -8.5%
DOCS June 30, 2026 895 $20,854 37.8%
UNH June 30, 2026 77 $20,835 -8.9%
EW June 30, 2026 260 $20,821 -3.6%
CON June 30, 2026 967 $20,742 21.7%
CI June 30, 2026 77 $20,540 -1.6%
LLY June 30, 2026 21 $19,315 -4.7%
PODD June 30, 2026 92 $19,305 -10.9%
APLS June 30, 2026 294 $11,828 No longer tracked
TERN June 30, 2026 143 $7,539 No longer tracked
LQDA June 30, 2026 195 $7,359 -65.3%
CORT June 30, 2026 172 $6,933 40.3%
CPRX June 30, 2026 262 $6,487 No longer tracked
GRAL June 30, 2026 120 $6,202 125.7%
CELC June 30, 2026 54 $6,164 -29.6%
PAHC June 30, 2026 111 $6,139 18.4%
TVTX June 30, 2026 205 $6,091 1.5%
FOLD June 30, 2026 421 $6,088 No longer tracked
ACLX June 30, 2026 53 $6,085 No longer tracked
CRL June 30, 2026 34 $5,865 37.0%
RGEN June 30, 2026 48 $5,655 38.9%
ARQT June 30, 2026 239 $5,631 -4.1%
HALO June 30, 2026 87 $5,623 38.4%
BRKR June 30, 2026 155 $5,599 6.1%
SLNO June 30, 2026 153 $5,122 No longer tracked
ALMS June 30, 2026 203 $4,472 -75.7%
MAZE June 30, 2026 134 $4,000 -11.4%
VRDN June 30, 2026 203 $3,971 3.4%
WVE June 30, 2026 433 $3,139 -35.5%