Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +96.3%
S&P 500 total return (same window) +37.0%
Excess return +59.3%

Annualized: +71.5% · 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: 91.5% · Options excluded: 0.0%

Sector breakdown

04
Technology 69.7%
Retail 2.4%
Financials 2.3%
Communication Services 1.9%
Energy 0.9%
Industrials 0.8%
Healthcare 0.8%
Real Estate 0.3%
Consumer products 0.1%
Other/Unmapped 20.8%

Full portfolio 83 positions

05
Type Streak 8Q trend
NVDA NVIDIA Corporation - Common Stock $118,085,114 37.06% 590,160 $7,324,895 Down ×2
AMD Advanced Micro Devices, Inc. - Common Stock $67,111,951 21.06% 115,529 $42,197,065 Down ×1
MRVL Marvell Technology, Inc. - Common Stock $14,894,500 4.67% 50,000 $10,734,400 Up ×4
MSFT Microsoft Corporation - Common Stock $8,560,063 2.69% 22,948 $149,430 Up ×2
SPY SPY $8,189,080 2.57% 10,966 $1,039,892 Down ×1
IWF iShares Trust $7,150,702 2.24% 57,588 $2,379,286 Up ×2
QCOM QUALCOMM Incorporated - Common Stock $6,467,650 2.03% 35,000 $2,089,130 Up ×1
QUAL iShares Trust $6,209,869 1.95% 28,300 $781,646
AMZN Amazon.com, Inc. - Common Stock $5,324,277 1.67% 22,339 $881,461 Up ×2
VOO VANGUARD INDEX FUNDS $4,879,098 1.53% 7,104 $748,832 Up ×1
DBEF DBX ETF Trust $4,688,128 1.47% 85,816 $811,315 Up ×2
IWD iShares Trust $4,549,441 1.43% 18,766 $1,690,750 Up ×1
GINN Goldman Sachs ETF Trust $4,344,166 1.36% 55,150 $1,917,127 Up ×2
GOOGL Alphabet Inc. - Class A Common Stock $3,547,969 1.11% 9,928 $589,552 Down ×4
AAPL Apple Inc. - Common Stock $3,489,682 1.10% 12,060 $306,648 Down ×4
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $2,685,593 0.84% 5,367 $257,007 Up ×4
VEA VANGUARD TAX-MANAGED FUNDS $2,364,146 0.74% 33,181 $237,908
UBER Uber Technologies, Inc. Common Stock $1,871,037 0.59% 25,929 $-9,285 Down ×1
OPRT Oportun Financial Corporation - common stock $1,674,549 0.53% 293,266 $-154,542 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $1,662,771 0.52% 4,706 $271,787 Down ×2
WMT Walmart Inc. - Common Stock $1,646,461 0.52% 14,537 $-169,643 Down ×2
TSM Taiwan Semiconductor Manufacturing Company Ltd. $1,623,738 0.51% 3,400 $407,118 Down ×1
QQQ Invesco QQQ Trust, Series 1 $1,430,825 0.45% 1,943 $394,210 Up ×1
VLO Valero Energy Corporation Common Stock $1,406,376 0.44% 5,400 $72,144
GLD SPDR Gold Shares $1,395,423 0.44% 3,788 $-234,516
VB VANGUARD INDEX FUNDS $1,387,380 0.44% 4,577 $188,572
IEF iShares 7-10 Year Treasury Bond ETF $1,307,619 0.41% 13,827 $-12,030
SHY iShares 1-3 Year Treasury Bond ETF $1,290,277 0.40% 15,714 $135,536 Up ×3
MINT PIMCO ETF Trust $1,254,836 0.39% 12,450 $410,048 Up ×1
JPM JP Morgan Chase & Co. Common Stock $1,178,388 0.37% 3,600 $60,580 Down ×1
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF $1,174,157 0.37% 12,175 $30,559
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF $906,660 0.28% 18,000 $159,408 Up ×1
XOM Exxon Mobil Corporation Common Stock $902,352 0.28% 6,600 $-217,404
AGG iShares Trust $846,279 0.27% 8,550 $146,425 Up ×1
IDV iShares Trust $829,511 0.26% 20,022 $454,515 Up ×1
AVGO Broadcom Inc. - Common Stock $755,500 0.24% 2,000 $-10,228 Down ×3
VCSH Vanguard Short-Term Corporate Bond ETF $750,785 0.24% 9,500 $-2,280
JNJ Johnson & Johnson Common Stock $739,053 0.23% 2,910 $844 Down ×2
IEI iShares 3-7 Year Treasury Bond ETF $724,667 0.23% 6,170 $-257,934 Down ×2
TIP iShares Trust $703,635 0.22% 6,430 $-5,980
MRK Merck & Company, Inc. Common Stock (new) $688,760 0.22% 5,360 $44,006
VWOB Vanguard Emerging Markets Government Bond ETF $672,400 0.21% 10,000 $15,500
AAXJ iShares MSCI All Country Asia ex Japan ETF $656,315 0.21% 5,500 $126,720
BIL SPDR SERIES TRUST $650,644 0.20% 7,100 $458 Up ×4
O Realty Income Corporation Common Stock $650,580 0.20% 10,500 $8,190
VYM VANGUARD WHITEHALL FUNDS $632,120 0.20% 4,000 $39,720
TMO Thermo Fisher Scientific Inc Common Stock $628,204 0.20% 1,253 $136,674 Up ×1
IWO iShares Trust $624,427 0.20% 1,585 $234,361 Up ×1
ABBV AbbVie Inc. Common Stock $603,936 0.19% 2,400 $81,960
META Meta Platforms, Inc. - Class A Common Stock $595,961 0.19% 1,058 $39,851 Up ×2
VGT VANGUARD WORLD FUND $573,218 0.18% 4,796 $236,917 Up ×2
MA Mastercard Incorporated Common Stock $572,664 0.18% 1,115 $-289,250 Down ×1
EPD Enterprise Products Partners L.P. Common Stock $569,780 0.18% 15,500 $-16,740
SOXX iShares Trust $565,477 0.18% 1,120 $197,378
USFR WisdomTree Trust $555,691 0.17% 11,030 $349,800 Up ×1
WFC Wells Fargo & Company Common Stock $537,160 0.17% 6,500 $19,695
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund $530,400 0.17% 20,000 $6,400
VCLT Vanguard Long-Term Corporate Bond ETF $526,750 0.17% 7,000 $3,710
EEMA iShares MSCI Emerging Markets Asia ETF $477,899 0.15% 4,086 $86,726
PG Procter & Gamble Company (The) Common Stock $439,920 0.14% 3,000 $6,600
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $422,004 0.13% 600 $44,088
XLV SELECT SECTOR SPDR TRUST $412,516 0.13% 2,600 $31,330
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $391,502 0.12% 4,079 $-120,249
EFA iShares Trust $374,072 0.12% 3,601 Up ×1
CRM Salesforce, Inc. Common Stock $347,472 0.11% 2,218 $-132,457 Down ×2
T AT&T Inc. $331,200 0.10% 16,000 $-132,640 Up ×1
V Visa Inc. $330,396 0.10% 963 $39,339
RSP Invesco Exchange-Traded Fund Trust $326,815 0.10% 1,536 $87,875 Up ×1
BMNR BitMine Immersion Technologies, Inc. Common Stock $319,440 0.10% 24,000 $-155,280
DE Deere & Company Common Stock $310,822 0.10% 490 $34,805
MU Micron Technology, Inc. - Common Stock $305,887 0.10% 265 Up ×1
EWJ iShares, Inc. $304,527 0.10% 3,265 $28,830
IWN iShares Trust $287,339 0.09% 1,299 Up ×1
QTEC First Trust NASDAQ-100-Technology Sector Index Fund $287,176 0.09% 962 $79,403
GTEK Goldman Sachs ETF Trust $282,969 0.09% 4,500 Up ×1
COST Costco Wholesale Corporation - Common Stock $280,641 0.09% 300 $-217,574 Down ×1
ASML ASML Holding N.V. - New York Registry Shares $264,596 0.08% 133 Up ×1
CIBR First Trust NASDAQ Cybersecurity ETF $229,575 0.07% 2,500 Up ×1
IRM Iron Mountain Incorporated (Delaware)Common Stock REIT $227,358 0.07% 1,800 Up ×1
CX Cemex, S.A.B. de C.V. Sponsored ADR $218,760 0.07% 18,230 $10,209
IVV iShares Trust $205,945 0.06% 275 $-10,268 Down ×1
AXP American Express Company Common Stock $202,950 0.06% 600 $-72,307 Down ×1
ISTB iShares Core 1-5 Year USD Bond ETF $202,650 0.06% 4,200 $-882

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
MRVL $14,894,500 4.67% up ×4
BRK-B (filed as BRKB) $2,685,593 0.84% up ×4
SHY $1,290,277 0.40% up ×3
BIL $650,644 0.20% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
EFA $374,072 3,601 0.12%
MU $305,887 265 0.10%
IWN $287,339 1,299 0.09%
GTEK $282,969 4,500 0.09%
ASML $264,596 133 0.08%
CIBR $229,575 2,500 0.07%
IRM $227,358 1,800 0.07%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AMD Trimmed -7K +$42.2M
MRVL Bought more +8K +$10.7M
NVDA Trimmed -45K +$7.3M
IWF Bought more +46K +$2.4M
QCOM Bought more +1K +$2.1M
GINN Bought more +20K +$1.9M
IWD Bought more +5K +$1.7M
SPY Trimmed -27 +$1.0M
AMZN Bought more +1K +$881K
DBEF Bought more +7K +$811K

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
APA June 30, 2025 185,300 $3,895,006 138.8%
DVN June 30, 2025 51,000 $1,784,810 49.8%
EWG Sept. 30, 2025 25,650 $1,085,252
LQD March 31, 2026 4,425 $487,591
BOND June 30, 2025 5,000 $462,350 -4.9%
ORCL June 30, 2026 3,082 $453,393 -2.9%
ADBE Dec. 31, 2025 1,280 $451,520 -32.1%
UNH Dec. 31, 2025 1,250 $431,625 12.7%
SBUX Sept. 30, 2025 4,200 $384,846 12.0%
SHV Dec. 31, 2025 3,450 $381,191
BME June 30, 2025 9,404 $363,380 18.9%
TGT June 30, 2025 3,300 $344,388 58.1%
LLY June 30, 2026 372 $342,154 -4.7%
FDX June 30, 2025 1,250 $304,725 27.7%
SOXX Sept. 30, 2025 1,250 $298,375 117.2%
SHOP June 30, 2025 2,978 $284,339 31.2%
NOW March 31, 2026 1,745 $267,317 28.5%
NFLX Sept. 30, 2025 186 $249,078 -94.4%
HON June 30, 2026 1,100 $248,633 -4.4%
SHOP June 30, 2026 2,051 $243,290 32.6%
IVV Dec. 31, 2025 355 $237,602
ABT Dec. 31, 2025 1,691 $226,493 -22.2%
BXMT Dec. 31, 2025 11,400 $209,874 -43.0%
ZTS June 30, 2026 1,739 $205,567 -3.0%
ISTB Dec. 31, 2025 4,200 $205,128
VOOG March 31, 2026 461 $204,956
ILF June 30, 2026 5,764 $204,737 3.0%
MELI Sept. 30, 2025 78 $203,863 -27.4%
NAD March 31, 2026 16,900 $203,138 -10.6%
ABNB Sept. 30, 2025 1,532 $202,745 33.8%
VTEB March 31, 2026 4,000 $201,160
MSCI June 30, 2026 372 $200,512 -4.3%