Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +54.3%
S&P 500 total return (same window) +37.0%
Excess return +17.3%

Annualized: +41.5% · 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: 96.1% · Options excluded: 1.2%

Sector breakdown

04
Technology 44.1%
Industrials 19.7%
Consumer Discretionary 7.3%
Materials 6.1%
Energy 3.7%
Retail 3.0%
Financials 2.7%
Health Care 1.8%
Real Estate 1.6%
Communication Services 1.0%
Other/Unmapped 8.9%

Full portfolio 58 positions

05
Type Streak 8Q trend
EWY iShares, Inc. $42,840,757 7.66% 212,188
MU Micron Technology, Inc. - Common Stock $42,454,787 7.59% 36,780
TSM Taiwan Semiconductor Manufacturing Company Ltd. $37,455,815 6.70% 78,430 $35,654,541 Up ×1
CAT Caterpillar, Inc. Common Stock $34,928,720 6.25% 32,800 $23,239,130 Up ×2
AMAT Applied Materials, Inc. - Common Stock $34,523,250 6.17% 47,750
PACK Ranpak Holdings Corp Class A Common Stock $33,847,435 6.05% 4,630,292 $17,317,293
FLEX Flex Ltd. - Ordinary Shares $32,237,182 5.76% 198,909 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $30,216,034 5.40% 52,015 Up ×1
PUMP ProPetro Holding Corp. Common Stock $20,701,511 3.70% 1,443,620 $4,979,034 Up ×2
ON ON Semiconductor Corporation - Common Stock $20,590,812 3.68% 217,800
SMH SMH $20,135,823 3.60% 30,700
ASML ASML Holding N.V. - New York Registry Shares $19,806,865 3.54% 9,956 $15,289,626 Up ×1
WULF TeraWulf Inc. - Common Stock $18,818,609 3.36% 761,887 $8,537,003 Up ×1
NVDA NVIDIA Corporation - Common Stock $15,466,957 2.77% 77,300 $13,443,394 Up ×2
NBIS Nebius Group N.V. - Class A Ordinary Shares $15,244,584 2.73% 55,200
AS Amer Sports, Inc. Ordinary Shares $10,822,540 1.94% 319,815 $10,130,331 Up ×1
GEV GE Vernova Inc. Common Stock $10,374,014 1.85% 8,830 $-5,741,466 Down ×1
AMT American Tower Corporation (REIT) Common Stock $9,208,664 1.65% 56,298 $77,801 Up ×1
GNRC Generac Holdlings Inc. Common Stock $7,637,363 1.37% 26,083 $6,745,096 Up ×2
AMZN Amazon.com, Inc. - Common Stock $6,990,512 1.25% 29,330 $-220,212 Down ×1
TXN Texas Instruments Incorporated - Common Stock $6,795,996 1.22% 22,800 $1,884,254 Down ×1
KNX Knight-Swift Transportation Holdings Inc. $6,443,587 1.15% 82,748 Up ×1
EIKN Eikon Therapeutics, Inc. - Common Stock $6,324,969 1.13% 484,672 $1,197,140
ALC Alcon Inc. Ordinary Shares $5,253,796 0.94% 78,298 $-1,853,216 Down ×1
V Visa Inc. $5,252,022 0.94% 15,308 $-1,264,575 Down ×2
DHR Danaher Corporation Common Stock $5,081,054 0.91% 26,675 $-1,174,040 Down ×1
BE Bloom Energy Corporation Class A Common Stock $4,592,262 0.82% 15,171 $-556,358 Down ×2
MSI Motorola Solutions, Inc. Common Stock $4,332,720 0.77% 10,433 $-1,839,636 Down ×1
BAP Credicorp Ltd. Common Stock $3,963,977 0.71% 10,175 Up ×1
BKNG Booking Holdings Inc. - Common Stock $3,602,409 0.64% 20,211 $1,299,364 Up ×2
CP Canadian Pacific Kansas City Limited Common Shares $2,921,925 0.52% 33,721 $-2,501,918 Down ×1
HD Home Depot, Inc. (The) Common Stock $2,812,976 0.50% 7,976 $-1,390,567 Down ×2
SBUX Starbucks Corporation - Common Stock $2,741,451 0.49% 26,827 $-1,482,359 Down ×2
UNP Union Pacific Corporation Common Stock $2,598,960 0.46% 9,555 $-1,815,511 Down ×2
SKYW SkyWest, Inc. - Common Stock $2,586,454 0.46% 26,039 $1,184,945 Up ×1
LOW Lowe's Companies, Inc. Common Stock $2,498,593 0.45% 11,332 $-1,965,209 Down ×1
VRSN VeriSign, Inc. - Common Stock $2,411,706 0.43% 9,587 $-2,708,236 Down ×1
ICE Intercontinental Exchange Inc. Common Stock $2,054,213 0.37% 16,686 $-373,404 Up ×1
CASY Caseys General Stores, Inc. - Common Stock $1,942,467 0.35% 2,444 $-1,896,995 Down ×6
CPAY Corpay, Inc. Common Stock $1,927,300 0.34% 5,783 $-1,806,393 Down ×1
PWR Quanta Services, Inc. Common Stock $1,799,380 0.32% 2,499 $1,048,321 Up ×1
ETN Eaton Corporation, PLC Ordinary Shares $1,752,205 0.31% 4,112 Up ×1
NU Nu Holdings Ltd. Class A Ordinary Shares $1,670,000 0.30% 125,000 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $1,473,003 0.26% 2,615 $-236,521 Down ×2
NKE Nike, Inc. Common Stock $1,429,648 0.26% 34,827 $-2,198,558 Down ×1
AVGO Broadcom Inc. - Common Stock $1,421,473 0.25% 3,763 $-653,792 Down ×2
GDDY GoDaddy Inc. Class A Common Stock $1,360,117 0.24% 16,024 $35,413
TPR Tapestry, Inc. Common Stock $1,313,761 0.23% 8,975 $775,426 Up ×1
ARHS Arhaus, Inc. - Class A Common Stock $1,079,730 0.19% 128,234 Up ×1
WING Wingstop Inc. - Common Stock $1,047,396 0.19% 6,040 Up ×1
FIX Comfort Systems USA, Inc. Common Stock $1,000,885 0.18% 505 $-15,302,914 Down ×1
NXT Nextpower Inc. - Class A Common Stock $869,960 0.16% 7,302 Up ×1
TJX TJX Companies, Inc. (The) Common Stock $717,353 0.13% 4,735 $-2,332,598 Down ×1
IVV iShares Core S&P 500 ETF $490,523 0.09% 655 $62,670
AEO American Eagle Outfitters, Inc. Common Stock $482,546 0.09% 28,055
RVLV Revolve Group, Inc. Class A Common Stock $401,033 0.07% 17,520 Up ×1
IUSB iShares Core Universal USD Bond ETF $297,021 0.05% 6,436 $-258
FPS Forgent Power Solutions, Inc. Class A Common Stock $232,154 0.04% 4,156 Up ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
EWY $42,840,757 212,188 7.66%
MU $42,454,787 36,780 7.59%
AMAT $34,523,250 47,750 6.17%
FLEX $32,237,182 198,909 5.76%
AMD $30,216,034 52,015 5.40%
ON $20,590,812 217,800 3.68%
SMH $20,135,823 30,700 3.60%
NBIS $15,244,584 55,200 2.73%
KNX $6,443,587 82,748 1.15%
BAP $3,963,977 10,175 0.71%
ETN $1,752,205 4,112 0.31%
NU $1,670,000 125,000 0.30%
ARHS $1,079,730 128,234 0.19%
WING $1,047,396 6,040 0.19%
NXT $869,960 7,302 0.16%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
CAT Bought more +16K +$23.2M
PACK Price move only +0 +$17.3M
ASML Bought more +7K +$15.3M
WULF Bought more +49K +$8.5M
GEV Trimmed -10K -$5.7M
PUMP Bought more +353K +$5.0M
VRSN Trimmed -11K -$2.7M
CP Trimmed -35K -$2.5M
TJX Trimmed -14K -$2.3M
NKE Trimmed -34K -$2.2M

5 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
SMH Sept. 30, 2025 113,100 $31,541,328 61.5%
BABA June 30, 2025 181,250 $23,966,688 -12.1%
AMAT Dec. 31, 2025 111,354 $22,798,618 46.8%
IBIT Sept. 30, 2025 350,000 $21,423,500 -29.3%
GEV Dec. 31, 2025 31,200 $19,184,880 24.7%
NBIS March 31, 2026 229,000 $19,168,445 53.0%
FXI Sept. 30, 2025 407,700 $14,987,052 -18.5%
YUMC June 30, 2025 282,000 $14,680,920 -0.4%
EWZ June 30, 2025 566,700 $14,649,195
CORZ June 30, 2025 1,865,399 $13,505,489 -23.3%
BABA Dec. 31, 2025 69,100 $12,350,243 -32.0%
GM March 31, 2026 131,400 $10,685,448 1.9%
MU Sept. 30, 2025 85,850 $10,581,013 424.5%
MSFT Dec. 31, 2025 19,500 $10,100,025 8.5%
INOD Dec. 31, 2025 97,500 $7,514,325 16.6%
PLTR Dec. 31, 2025 39,565 $7,217,447 10.7%
BWXT Dec. 31, 2025 38,700 $7,135,119 -26.4%
WIX June 30, 2025 41,750 $6,821,115 -48.3%
AGX Dec. 31, 2025 21,300 $5,752,065 5.7%
CHDN March 31, 2026 50,144 $5,705,384 -6.8%
STX Sept. 30, 2025 36,700 $5,296,911 167.1%
BSX March 31, 2026 54,923 $5,236,908 -27.2%
TSLA Dec. 31, 2025 11,680 $5,194,330 -17.2%
WDC Sept. 30, 2025 80,800 $5,170,392 186.2%
EWY March 31, 2026 52,600 $5,113,772
TM March 31, 2026 23,200 $4,966,192 -4.5%
ADI June 30, 2026 15,500 $4,931,170 -1.5%
ON March 31, 2026 89,700 $4,857,255 16.7%
FISV Dec. 31, 2025 37,181 $4,793,746 -25.8%
EWZ March 31, 2026 150,000 $4,765,500
BX Dec. 31, 2025 27,100 $4,630,035 -23.5%
EME June 30, 2026 6,133 $4,528,055 -22.0%
VMC June 30, 2025 18,605 $4,340,547 0.3%
ARES Dec. 31, 2025 27,100 $4,333,019 -24.5%
ZTS June 30, 2026 34,773 $4,110,516 12.8%
AEO March 31, 2026 143,343 $3,779,955 7.2%
LRCX June 30, 2025 47,314 $3,439,728 136.4%
STZ June 30, 2025 18,632 $3,419,345 -14.8%
ORCL Dec. 31, 2025 10,600 $2,981,144 -35.3%
NFLX June 30, 2026 30,895 $2,970,554 -7.8%
BKNG Sept. 30, 2025 485 $2,807,781
CZR March 31, 2026 99,835 $2,335,141 9.0%
CDNS June 30, 2025 8,244 $2,096,697 2.7%
SEI March 31, 2026 43,800 $2,013,486 3.9%
MLM June 30, 2025 4,184 $2,000,496 -7.6%
GAP March 31, 2026 74,100 $1,896,960 -7.8%
MSFT June 30, 2025 4,996 $1,875,448 5.4%
TRU March 31, 2026 21,510 $1,844,483 17.8%
TMO June 30, 2026 3,619 $1,778,847 34.4%
GOOGL June 30, 2026 6,120 $1,759,867 -10.4%
RRX Dec. 31, 2025 7,731 $1,108,935 5.4%
PTLO Sept. 30, 2025 80,231 $936,296 -34.7%
BLDR Dec. 31, 2025 7,704 $934,110 -44.7%
ABT March 31, 2026 5,611 $703,002 1.0%
RVMDW March 31, 2026 364,824 $342,898 398.4%
AXON Dec. 31, 2025 461 $330,832 -26.0%
FLUT June 30, 2026 3,165 $322,672 -21.6%
RBLX March 31, 2026 3,758 $304,511 -6.5%
EAT March 31, 2026 2,027 $290,915 28.0%