Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +68.1%
S&P 500 total return (same window) +37.0%
Excess return +31.1%

Annualized: +51.5% · 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: 93.2% · Options excluded: 0.0%

Sector breakdown

04
Technology 49.3%
Industrials 29.3%
Communication Services 12.0%
Healthcare 5.8%
Other/Unmapped 3.5%

Full portfolio 23 positions

05
Type Streak 8Q trend
MU Micron Technology, Inc. - Common Stock $17,314,350 12.76% 15,000 $13,260,270 Up ×1
INTC Intel Corporation - Common Stock $12,566,700 9.26% 90,000 $8,683,260 Up ×1
GEV GE Vernova Inc. Common Stock $11,748,600 8.66% 10,000 $3,019,600
AVGO Broadcom Inc. - Common Stock $11,332,500 8.35% 30,000 $2,666,220 Up ×4
NVDA NVIDIA Corporation - Common Stock $9,604,320 7.08% 48,000 $1,233,120
GOOG Alphabet Inc. - Class C Capital Stock $9,327,912 6.88% 26,400 $2,443,272 Up ×3
VRT Vertiv Holdings, LLC Class A Common Stock $8,370,500 6.17% 25,000 $2,106,000
LLY Eli Lilly and Company Common Stock $7,916,238 5.83% 6,600 $1,845,756
KLAC KLA Corporation - Common Stock $6,034,200 4.45% 20,000 $3,383,862 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $5,809,100 4.28% 10,000 $4,181,660 Up ×1
GLW Corning Incorporated Common Stock $4,086,880 3.01% 16,000 Up ×1
COHR Coherent Corp. Common Stock $3,944,700 2.91% 10,000 $2,372,514 Up ×1
LITE Lumentum Holdings Inc. - Common Stock $3,603,852 2.66% 4,200 $1,917,228 Up ×1
APH Amphenol Corporation Common Stock $3,526,400 2.60% 20,000 $-1,527,600 Down ×1
ANET Arista Networks, Inc. Common Stock $3,389,446 2.50% 19,952 $688,286 Down ×2
HWM Howmet Aerospace Inc. Common Stock $3,226,320 2.38% 12,000 $-576,270 Down ×1
SMERY CUSIP: 82621A203 $2,860,500 2.11% 75,000 $329,700 Up ×1
GE GE Aerospace Common Stock $2,616,110 1.93% 7,000 $345,950 Down ×1
NBIS Nebius Group N.V. - Class A Ordinary Shares $2,209,360 1.63% 8,000 $1,275,520 Down ×1
CLS Celestica, Inc. Common Stock $2,188,800 1.61% 6,000 $780,400 Up ×1
CCXI Churchill Capital Corp XI - Class A Ordinary Shares $1,928,068 1.42% 110,491 Up ×1
TSEM Tower Semiconductor Ltd. - Ordinary Shares $1,563,840 1.15% 6,000 Up ×1
ACMR ACM Research, Inc. - Class A Common Stock $507,560 0.37% 4,000 Up ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
AVGO $11,332,500 8.35% up ×4
GOOG $9,327,912 6.88% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
GLW $4,086,880 16,000 3.01%
CCXI $1,928,068 110,491 1.42%
TSEM $1,563,840 6,000 1.15%
ACMR $507,560 4,000 0.37%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
MU Bought more +3K +$13.3M
INTC Bought more +2K +$8.7M
AMD Bought more +2K +$4.2M
KLAC Bought more +18K +$3.4M
GEV Price move only +0 +$3.0M
AVGO Bought more +2K +$2.7M
GOOG Bought more +2K +$2.4M
COHR Bought more +3K +$2.4M
VRT Price move only +0 +$2.1M
LITE Bought more +2K +$1.9M

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
FXI June 30, 2025 220,000 $7,884,800 -7.6%
MSFT March 31, 2026 15,000 $7,254,300 39.8%
AAPL June 30, 2025 24,000 $5,331,120 62.6%
GLD June 30, 2026 12,000 $5,163,480
COST Dec. 31, 2025 5,000 $4,628,150 6.8%
META March 31, 2026 7,000 $4,620,630 27.3%
ARM Dec. 31, 2025 32,000 $4,527,680 181.3%
RACE Dec. 31, 2025 7,500 $3,639,150 5.1%
INTC June 30, 2025 150,000 $3,406,500 432.7%
LIN Dec. 31, 2025 7,000 $3,325,000 12.5%
CRCL Sept. 30, 2025 18,000 $3,263,220 -38.7%
CRWV Sept. 30, 2025 20,000 $3,261,200 -34.5%
PLTR June 30, 2026 22,000 $3,218,160 61.8%
SNPS Dec. 31, 2025 6,500 $3,207,035 4.3%
AJG Dec. 31, 2025 10,000 $3,097,400 -12.6%
IBIT March 31, 2026 62,000 $3,078,300
HESAY Sept. 30, 2025 11,000 $2,982,210 No longer tracked
ORCL March 31, 2026 15,000 $2,923,650 -3.3%
MSTR June 30, 2026 23,400 $2,920,320 84.1%
NVO Sept. 30, 2025 40,000 $2,760,800 -32.7%
FICO Sept. 30, 2025 1,500 $2,741,940 -55.8%
TT Dec. 31, 2025 6,000 $2,531,760 19.2%
HEI Dec. 31, 2025 7,000 $2,259,740 -6.5%
MRVL March 31, 2026 25,600 $2,175,488 174.9%
ISRG Sept. 30, 2025 4,000 $2,173,640 -12.4%
SMNEY March 31, 2026 15,000 $2,102,250 No longer tracked
NOW June 30, 2026 20,000 $2,091,000 35.4%
SAP Sept. 30, 2025 6,000 $1,824,600 -21.9%
NLR Dec. 31, 2025 13,200 $1,790,580 -14.8%
AMZN Dec. 31, 2025 8,000 $1,756,560 9.0%
PGR June 30, 2025 6,000 $1,698,060 -21.2%
TSM June 30, 2025 10,000 $1,660,000 108.7%
NOW Sept. 30, 2025 1,600 $1,644,928 -27.0%
AZO Sept. 30, 2025 400 $1,484,892 -34.9%
Q March 31, 2026 16,000 $1,306,400 14.0%
GOOG June 30, 2025 8,000 $1,249,840 91.9%
BSX Dec. 31, 2025 12,000 $1,171,560 -55.3%
AEIS June 30, 2026 3,300 $1,064,943 -18.4%
STRL Dec. 31, 2025 3,000 $1,019,040 74.2%
ROAD Dec. 31, 2025 8,000 $1,016,000 -16.1%
ETHA March 31, 2026 45,000 $1,009,350
AIRO Sept. 30, 2025 40,000 $962,800 -65.7%
CEP Sept. 30, 2025 30,000 $833,700 No longer tracked
APO June 30, 2025 6,000 $821,640 -19.6%