Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +30.5%
S&P 500 total return (same window) +37.0%
Excess return -6.5%

Annualized: +23.8% · 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: 99.7% · Options excluded: 0.0%

Sector breakdown

04
Technology 36.9%
Financials 15.6%
Healthcare 15.1%
Communication Services 11.2%
Retail 8.0%
Industrials 7.6%
Energy 2.1%
Consumer products 1.1%
Consumer Staples 1.0%
Consumer Discretionary 0.7%
Materials 0.1%
Other/Unmapped 0.8%

Full portfolio 71 positions

05
Type Streak 8Q trend
AAPL Apple Inc. - Common Stock $124,691,383 9.18% 430,921 $16,534,146 Up ×2
AMAT Applied Materials, Inc. - Common Stock $101,811,674 7.49% 140,818 $53,560,469 Down ×3
MSFT Microsoft Corporation - Common Stock $101,139,213 7.44% 271,136 $2,745,603 Up ×5
GOOG Alphabet Inc. - Class C Capital Stock $76,226,805 5.61% 215,738 $15,182,841 Up ×2
NVDA NVIDIA Corporation - Common Stock $69,522,083 5.12% 347,454 $9,779,042 Up ×6
AMZN Amazon.com, Inc. - Common Stock $69,302,837 5.10% 290,773 $9,477,696 Up ×5
GS Goldman Sachs Group, Inc. (The) Common Stock $48,381,085 3.56% 47,837 $8,061,642 Up ×2
LLY Eli Lilly and Company Common Stock $44,506,438 3.28% 37,106 $11,381,703 Up ×2
JPM JP Morgan Chase & Co. Common Stock $36,958,866 2.72% 112,910 $4,228,317 Up ×2
JNJ Johnson & Johnson Common Stock $36,047,793 2.65% 141,937 $1,865,369 Up ×6
ABBV AbbVie Inc. Common Stock $33,140,060 2.44% 131,696 $5,495,884 Up ×5
GEV GE Vernova Inc. Common Stock $31,761,165 2.34% 27,034 $8,541,152 Up ×5
AVGO Broadcom Inc. - Common Stock $31,401,602 2.31% 83,128 $10,560,127 Up ×3
CSCO Cisco Systems, Inc. - Common Stock $28,115,386 2.07% 239,361 $9,705,713 Up ×2
CVX Chevron Corporation Common Stock $26,915,520 1.98% 162,376 $-5,751,262 Up ×5
PANW Palo Alto Networks, Inc. - Common Stock $25,171,368 1.85% 73,812 $13,448,930 Up ×1
CB Chubb Limited Common Stock $23,999,971 1.77% 70,435 $1,288,037 Up ×5
V Visa Inc. $23,723,786 1.75% 69,147 $3,145,797 Up ×5
SCHW Charles Schwab Corporation (The) Common Stock $22,842,303 1.68% 247,559 $83,578 Up ×2
AMGN Amgen Inc. - Common Stock $21,880,319 1.61% 60,423 $1,057,014 Up ×2
MRK Merck & Company, Inc. Common Stock (new) $20,580,274 1.51% 160,158 $1,673,406 Up ×6
COST Costco Wholesale Corporation - Common Stock $20,065,506 1.48% 21,450 $-915,886 Up ×2
HD Home Depot, Inc. (The) Common Stock $18,409,301 1.35% 52,198 $1,337,745 Up ×5
SYK Stryker Corporation Common Stock $18,243,613 1.34% 57,946 $-579,741 Up ×2
SNPS Synopsys, Inc. - Common Stock $17,173,249 1.26% 38,499 $2,403,973 Up ×2
ROK Rockwell Automation, Inc. Common Stock $16,536,167 1.22% 33,401 $4,588,334 Up ×5
NOC Northrop Grumman Corporation Common Stock $16,415,159 1.21% 32,230 $-4,989,306 Up ×3
TRV The Travelers Companies, Inc. Common Stock $15,786,795 1.16% 47,821 $1,995,334 Up ×5
MDT Medtronic plc. Ordinary Shares $15,662,194 1.15% 200,207 $-1,058,310 Up ×2
EMR Emerson Electric Company Common Stock $15,503,334 1.14% 108,301 $1,569,190 Up ×5
CRM Salesforce, Inc. Common Stock $15,437,714 1.14% 98,543 $-2,756,049 Up ×5
PG Procter & Gamble Company (The) Common Stock $15,261,554 1.12% 104,075 $630,797 Up ×2
META Meta Platforms, Inc. - Class A Common Stock $15,111,944 1.11% 26,828 $4,510,947 Up ×3
BLK BlackRock, Inc. Common Stock $14,985,771 1.10% 15,585 $238,374 Up ×4
TMO Thermo Fisher Scientific Inc Common Stock $14,081,070 1.04% 28,086 $710,127 Up ×5
NFLX Netflix, Inc. - Common Stock $13,604,056 1.00% 190,533 $-4,221,481 Up ×5
PM Philip Morris International Inc Common Stock $12,852,548 0.95% 71,044 $1,294,521 Up ×2
NOW ServiceNow, Inc. Common Stock $11,450,657 0.84% 115,337 $-163,280 Up ×6
HON Honeywell International Inc. - Common Stock $10,901,892 0.80% 48,691 $-10,409,588 Down ×1
Unknown issuer (CUSIP: 43849R105) $10,744,709 0.79% 48,601 Up ×1
WFC Wells Fargo & Company Common Stock $10,280,168 0.76% 124,397 $538,929 Up ×3
MCD McDonald's Corporation Common Stock $9,918,822 0.73% 36,694 $-1,211,376 Up ×5
T AT&T Inc. $9,651,868 0.71% 466,274 $-3,296,307 Up ×5
UBER Uber Technologies, Inc. Common Stock $9,556,437 0.70% 132,434 $167,846 Up ×5
AJG Arthur J. Gallagher & Co. Common Stock $9,501,863 0.70% 41,390 $650,539 Up ×2
GOOGL Alphabet Inc. - Class A Common Stock $5,161,495 0.38% 14,443 $1,167,862 Up ×1
FFIV F5, Inc. - Common Stock $3,865,100 0.28% 9,292 $-161,506 Down ×1
WAFD WaFd, Inc. - Common Stock $3,103,995 0.23% 80,896 $563,848
XOM Exxon Mobil Corporation Common Stock $1,777,360 0.13% 13,000 $-428,220
INTU Intuit Inc. - Common Stock $1,196,946 0.09% 4,586 $-17,651,786 Down ×1
SHW Sherwin-Williams Company (The) Common Stock $1,093,560 0.08% 3,176 $75,493
MA Mastercard Incorporated Common Stock $717,026 0.05% 1,396 $19,461
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $701,046 0.05% 1,401 $77,607 Up ×1
IBM International Business Machines Corporation Common Stock $646,784 0.05% 2,300 $89,286
WK Workiva Inc. Class A Common Stock $509,355 0.04% 10,500 $-116,760
CAT Caterpillar, Inc. Common Stock $489,053 0.04% 459 Up ×1
GLW Corning Incorporated Common Stock $383,145 0.03% 1,500 Up ×1
CDNS Cadence Design Systems, Inc. - Common Stock $375,320 0.03% 1,000 $97,450
UNP Union Pacific Corporation Common Stock $353,600 0.03% 1,300 $38,194
DY Dycom Industries, Inc. Common Stock $328,634 0.02% 650 $108,401
ADBE Adobe Inc. - Common Stock $322,291 0.02% 1,572 $-59,831
WMT Walmart Inc. - Common Stock $310,899 0.02% 2,745 $-30,250
AXP American Express Company Common Stock $304,425 0.02% 900 $32,193
EXPD Expeditors International of Washington, Inc. Common Stock $285,215 0.02% 1,750 $34,562
MCK McKesson Corporation Common Stock $265,216 0.02% 351 $-38,525
FCFS FirstCash Holdings, Inc. - Common Stock $254,992 0.02% 1,179 $33,806 Up ×1
ABT Abbott Laboratories Common Stock $254,435 0.02% 2,804 $-33,452
PEP PepsiCo, Inc. - Common Stock $220,702 0.02% 1,630 $-32,421
BA Boeing Company (The) Common Stock $207,811 0.02% 960
SBUX Starbucks Corporation - Common Stock $204,380 0.02% 2,000 Up ×1
ADP Automatic Data Processing, Inc. - Common Stock $201,555 0.01% 900

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
MSFT $101,139,213 7.44% up ×5
NVDA $69,522,083 5.12% up ×6
AMZN $69,302,837 5.10% up ×5
JNJ $36,047,793 2.65% up ×6
ABBV $33,140,060 2.44% up ×5
GEV $31,761,165 2.34% up ×5
AVGO $31,401,602 2.31% up ×3
CVX $26,915,520 1.98% up ×5
CB $23,999,971 1.77% up ×5
V $23,723,786 1.75% up ×5
MRK $20,580,274 1.51% up ×6
HD $18,409,301 1.35% up ×5
ROK $16,536,167 1.22% up ×5
NOC $16,415,159 1.21% up ×3
TRV $15,786,795 1.16% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 43849R105) $10,744,709 48,601 0.79%
CAT $489,053 459 0.04%
GLW $383,145 1,500 0.03%
BA $207,811 960 0.02%
SBUX $204,380 2,000 0.02%
ADP $201,555 900 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AMAT Trimmed -354 +$53.6M
AAPL Bought more +5K +$16.5M
GOOG Bought more +3K +$15.2M
PANW Bought more +693 +$13.4M
LLY Bought more +1K +$11.4M
AVGO Bought more +16K +$10.6M
HON Trimmed -46K -$10.4M
NVDA Bought more +5K +$9.8M
CSCO Bought more +2K +$9.7M
AMZN Bought more +4K +$9.5M

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
BLK (filed as BLKXXXX) June 30, 2025 11,753 $11,124,451 1.0%
PFE Sept. 30, 2025 428,087 $10,376,831 9.1%
NVO Dec. 31, 2025 138,104 $7,663,391 -26.7%
MAR March 31, 2026 1,007 $312,412 9.8%
PROV Sept. 30, 2025 17,850 $276,675 16.3%
FNMA Dec. 31, 2025 21,400 $257,870 No longer tracked
ORCL March 31, 2026 1,300 $253,383 -3.3%
LMT June 30, 2026 398 $240,547 -0.8%
ADP March 31, 2026 900 $231,507 26.8%
BSX Sept. 30, 2025 2,019 $216,861 -56.4%
EXPD June 30, 2025 1,750 $210,438 68.5%
BA March 31, 2026 950 $206,264 -2.7%