Performance vs S&P 500

03
Tracked Q2 2025–Q3 2026 +7.8%
S&P 500 total return (same window) +24.2%
Excess return -16.5%

Annualized: +6.2% · S&P 500: +18.9%

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: 99.9% · Options excluded: 0.0%

Sector breakdown

04
Financials 59.9%
Real Estate 8.0%
Communication Services 7.8%
Technology 6.6%
Retail 5.5%
Health Care 3.7%
Energy 3.2%
Consumer Discretionary 2.6%
Industrials 1.2%
Consumer Staples 1.2%
Other/Unmapped 0.5%

Full portfolio 21 positions

05
Type Streak 8Q trend
GLXY Galaxy Digital Inc. - Class A common stock $33,212,816 50.92% 1,460,546 $-5,192,830 Up ×5
GOOG Alphabet Inc. - Class C Capital Stock $4,817,723 7.39% 14,139 $276,019 Up ×1
SOFI SoFi Technologies, Inc. - Common Stock $4,354,361 6.68% 276,995 $-135,221 Up ×4
AMZN Amazon.com, Inc. - Common Stock $3,562,596 5.46% 14,299 $105,951 Down ×2
UNH UnitedHealth Group Incorporated Common Stock (DE) $2,385,653 3.66% 6,499 $-465,153 Down ×2
CMG Chipotle Mexican Grill, Inc. Common Stock $1,675,522 2.57% 52,442 $-782,406 Down ×1
RITM Rithm Capital Corp. Common Stock $1,628,513 2.50% 182,364 $-119,088 Down ×3
AAPL Apple Inc. - Common Stock $1,504,584 2.31% 4,518 $197,256
NU Nu Holdings Ltd. Class A Ordinary Shares $1,483,372 2.27% 117,170 $-136,795 Down ×3
MSTR Strategy Inc - Class A Common Stock $1,446,701 2.22% 9,450 $838,191 Up ×1
ET Energy Transfer LP Common Units $1,329,511 2.04% 67,249 $-180,510 Down ×3
NLY Annaly Capital Management Inc. Common Stock $1,296,014 1.99% 66,199 $-228,588 Up ×2
OPEN Opendoor Technologies Inc - Common Stock $1,188,259 1.82% 501,375 Up ×1
AGNC AGNC Investment Corp. - Common Stock $1,102,247 1.69% 120,018 $-218,331 Up ×2
DGXX Digi Power X Inc. - Common Subordinate Voting Shares $1,041,154 1.60% 253,940 $-722,957 Down ×1
DHT DHT Holdings, Inc. $773,992 1.19% 34,293 $181,391 Down ×3
UBER Uber Technologies, Inc. Common Stock $771,765 1.18% 11,265 $-347,797 Down ×1
CELH Celsius Holdings, Inc. - Common Stock $766,894 1.18% 28,040 $-1,397,484 Down ×2
MSFT Microsoft Corporation - Common Stock $331,925 0.51% 647 $98,041 Up ×1
Unknown issuer (CUSIP: 349932103) $312,000 0.48% 40,000 $84,120 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $240,563 0.37% 699 $-9,264

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

SecurityValue% of portfolioStreak
GLXY $33,212,816 50.92% up ×5
SOFI $4,354,361 6.68% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
OPEN $1,188,259 501,375 1.82%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
GLXY Bought more +56K -$5.2M
CELH Trimmed -46K -$1.4M
MSTR Bought more +2K +$838K
CMG Trimmed -20K -$782K
DGXX Trimmed -70K -$723K
UNH Trimmed -360 -$465K
UBER Trimmed -4K -$348K
GOOG Bought more +1K +$276K
NLY Bought more +49 -$229K
AGNC Bought more +118 -$218K

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
PLTR Dec. 31, 2025 7,581 $1,382,926 10.7%
TDAY Sept. 30, 2025 188,750 $675,725 66.1%
CGC Sept. 30, 2026 690,585 $656,056 -24.6%
OCSL March 31, 2026 30,450 $387,933 1.2%
CHPT Sept. 30, 2026 17,500 $103,425 -17.2%
CGEN Sept. 30, 2026 35,000 $74,900 -18.5%
TLRY Dec. 31, 2025 31,050 $53,717 -68.9%
ABTC March 31, 2026 13,000 $22,100 -45.8%
SLNH March 31, 2026 15,000 $17,550 -22.5%