Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +5.2%
S&P 500 total return (same window) +37.0%
Excess return -31.8%

Annualized: +4.1% · 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: 100.0% · Options excluded: 0.0%

Sector breakdown

04
Technology 34.4%
Industrials 30.0%
Consumer Discretionary 12.8%
Retail 12.8%
Communication Services 5.9%
Financials 4.2%

Full portfolio 11 positions

05
Type Streak 8Q trend
MU Micron Technology, Inc. - Common Stock $103,424,384 15.43% 89,600 $94,539,192 Up ×1
ASML ASML Holding N.V. - New York Registry Shares $95,095,232 14.19% 47,800 $43,979,111 Up ×1
ATI ATI Inc. Common Stock $87,670,080 13.08% 444,800 $34,373,536 Up ×1
MAR Marriott International - Class A Common Stock $86,088,057 12.84% 232,300 $16,016,580 Up ×1
AMZN Amazon.com, Inc. - Common Stock $85,516,392 12.76% 358,800 $30,658,074 Up ×2
CRS Carpenter Technology Corporation Common Stock $76,364,792 11.39% 123,800 $58,233,892 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $39,417,911 5.88% 110,300 $9,856,743 Up ×1
INTC Intel Corporation - Common Stock $31,849,603 4.75% 228,100 Up ×1
TW Tradeweb Markets Inc. - Class A Common Stock $27,924,732 4.17% 280,200 $-30,295,201 Down ×2
FTAI FTAI Aviation Ltd. - Common Stock $24,672,336 3.68% 91,200 Up ×1
MTZ MasTec, Inc. Common Stock $12,273,770 1.83% 29,500 $-7,223,674 Down ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
INTC $31,849,603 228,100 4.75%
FTAI $24,672,336 91,200 3.68%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
CRS Bought more +78K +$58.2M
ASML Bought more +9K +$44.0M
ATI Bought more +78K +$34.4M
AMZN Bought more +95K +$30.7M
TW Trimmed -215K -$30.3M
MAR Bought more +18K +$16.0M
GOOGL Bought more +8K +$9.9M
MTZ Trimmed -31K -$7.2M

1 position 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
MCO June 30, 2026 86,500 $37,735,625 -2.6%
EFX March 31, 2026 165,020 $35,806,040 -22.3%
IT Dec. 31, 2025 58,198 $15,298,508 -26.7%
FICO June 30, 2026 7,100 $7,579,534 -44.7%
VEEV June 30, 2026 25,200 $4,426,632 54.0%
AXON March 31, 2026 5,317 $3,019,684 -2.7%
CRM June 30, 2025 5,191 $1,393,057 -13.9%