Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +33.1%
S&P 500 total return (same window) +37.0%
Excess return -3.9%

Annualized: +25.7% · 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: 100.0% · Options excluded: 0.0%

Sector breakdown

04
Retail 30.5%
Technology 27.1%
Industrials 15.0%
Consumer Discretionary 11.2%
Financials 8.6%
Real Estate 7.6%

Full portfolio 11 positions

05
Type Streak 8Q trend
APP Applovin Corporation - Class A Common Stock $922,261,700 27.13% 1,790,000 $209,841,700
CVNA Carvana Co. Class A Common Stock $768,448,500 22.61% 11,675,000 $34,371,200 Up ×2
CPAY Corpay, Inc. Common Stock $293,277,600 8.63% 880,000 $37,206,400
W Wayfair Inc. Class A Common Stock $268,914,474 7.91% 2,909,700 $73,368,474 Up ×1
GXO GXO Logistics, Inc. Common Stock $266,175,000 7.83% 5,250,000 $97,662,500 Up ×1
CIGI Colliers International Group Inc. - Subordinate Voting Shares $257,351,861 7.57% 2,745,325 $-11,035,512 Up ×2
DKNG DraftKings Inc. - Class A Common Stock $243,759,000 7.17% 9,650,000 $35,126,000
SRAD Sportradar Group AG - Class A Ordinary Shares $137,050,350 4.03% 9,155,000 $91,015,350 Up ×1
CMPR Cimpress plc - Ordinary Shares $124,341,776 3.66% 1,222,633 $35,089,567
CNM Core & Main, Inc. Class A Common Stock $103,737,500 3.05% 2,150,000 $-2,472,500
QXO QXO, Inc. Common Stock $14,048,796 0.41% 813,009 $-1,739,839

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
APP Price move only +0 +$209.8M
GXO Bought more +2.0M +$97.7M
SRAD Bought more +6.4M +$91.0M
W Bought more +310K +$73.4M
CPAY Price move only +0 +$37.2M
DKNG Price move only +0 +$35.1M
CMPR Price move only +0 +$35.1M
CVNA Bought more +9.3M +$34.4M
CIGI Bought more +234K -$11.0M
CNM Price move only +0 -$2.5M