Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +14.5%
S&P 500 total return (same window) +37.0%
Excess return -22.5%

Annualized: +11.5% · 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: 100.0% · Options excluded: 0.0%

Sector breakdown

04
Industrials 24.0%
Communication Services 22.7%
Technology 22.4%
Retail 22.2%
Financials 8.8%

Full portfolio 18 positions

05
Type Streak 8Q trend
AMZN Amazon.com, Inc. - Common Stock $238,340,000 15.71% 1,000,000 $30,070,000
AMAT Applied Materials, Inc. - Common Stock $144,600,000 9.53% 200,000 $76,242,000
GOOGL Alphabet Inc. - Class A Common Stock $125,079,500 8.25% 350,000 $24,433,500
NVDA NVIDIA Corporation - Common Stock $120,054,000 7.92% 600,000 $15,414,000
VRT Vertiv Holdings, LLC Class A Common Stock $117,187,000 7.73% 350,000 $29,484,000
AXON Axon Enterprise, Inc. - Common Stock $112,122,000 7.39% 200,000 $27,184,000
MA Mastercard Incorporated Common Stock $102,720,000 6.77% 200,000 $-9,703,500 Down ×3
CVNA Carvana Co. Class A Common Stock $98,730,000 6.51% 1,500,000 $4,416,000 Up ×2
META Meta Platforms, Inc. - Class A Common Stock $98,575,750 6.50% 175,000 $-77,629,420 Down ×1
KEYS Keysight Technologies Inc. Common Stock $87,517,500 5.77% 250,000 $16,925,000
LITE Lumentum Holdings Inc. - Common Stock $77,225,400 5.09% 90,000 $-21,161,000 Down ×1
TTMI TTM Technologies, Inc. - Common Stock $46,755,000 3.08% 250,000 Up ×1
RDDT Reddit, Inc. Class A Common Stock $43,395,000 2.86% 250,000 Up ×1
SNOW Snowflake Inc. Common Stock $38,175,000 2.52% 150,000 Up ×1
HOOD Robinhood Markets, Inc. - Class A Common Stock $30,084,000 1.98% 300,000 Up ×1
ENTG Entegris, Inc. - Common Stock $13,489,500 0.89% 75,000 Up ×1
MU Micron Technology, Inc. - Common Stock $11,542,900 0.76% 10,000 Up ×1
SITM SiTime Corporation - Common Stock $11,183,400 0.74% 15,000 $-19,898,100 Down ×2

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
TTMI $46,755,000 250,000 3.08%
RDDT $43,395,000 250,000 2.86%
SNOW $38,175,000 150,000 2.52%
HOOD $30,084,000 300,000 1.98%
ENTG $13,489,500 75,000 0.89%
MU $11,542,900 10,000 0.76%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
META Trimmed -133K -$77.6M
AMAT Price move only +0 +$76.2M
AMZN Price move only +0 +$30.1M
VRT Price move only +0 +$29.5M
AXON Price move only +0 +$27.2M
GOOGL Price move only +0 +$24.4M
LITE Trimmed -50K -$21.2M
SITM Trimmed -75K -$19.9M
KEYS Price move only +0 +$16.9M
NVDA Price move only +0 +$15.4M

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
NFLX Dec. 31, 2025 201,975 $242,151,867 -28.5%
LLY Sept. 30, 2025 145,422 $113,360,812 49.8%
SPOT June 30, 2026 150,000 $72,736,500 3.0%
TWLO June 30, 2025 501,795 $49,130,748 136.9%
NET June 30, 2026 200,000 $41,268,000 42.3%
FN June 30, 2026 75,000 $39,114,000 -17.5%
LYV Sept. 30, 2025 242,370 $36,665,734 3.3%
ESTC March 31, 2026 394,225 $29,740,334 87.9%
AKAM March 31, 2026 337,908 $29,482,473 -5.2%
GH June 30, 2026 300,000 $27,711,000 18.5%
DOCU Sept. 30, 2025 247,111 $19,247,476 -4.3%
MDB June 30, 2026 55,000 $13,462,350 6.6%
AMKR March 31, 2026 337,908 $13,340,608 24.4%
WRD March 31, 2026 1,358,902 $11,795,269 -37.9%