Performance vs S&P 500

03
Tracked Q4 2025–Q3 2026 +22.1%
S&P 500 total return (same window) +11.0%
Excess return +11.2%

Annualized: +30.7% · S&P 500: +15.0%

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: 91.2% · Options excluded: 0.0%

Sector breakdown

04
Technology 39.2%
Industrials 11.3%
Financials 9.6%
Retail 7.3%
Health Care 7.2%
Communication Services 5.3%
Consumer Staples 2.8%
Consumer Discretionary 2.7%
Consumer products 0.8%
Other/Unmapped 13.9%

Full portfolio 40 positions

05
Type Streak 8Q trend
NVDA NVIDIA Corporation - Common Stock $20,983,233 15.34% 91,879 $3,075,403 Up ×3
MSFT Microsoft Corporation - Common Stock $10,288,336 7.52% 20,059 $3,319,017 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $9,948,592 7.27% 21,808 $422,503 Up ×2
DELL Dell Technologies Inc. Class C Common Stock $7,063,831 5.16% 13,131 $-6,916,970 Down ×1
BIL SPDR SERIES TRUST $7,063,089 5.16% 77,074 $-1,104,096 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $6,983,345 5.10% 20,296 $-823,494 Down ×1
VCIT Vanguard Intermediate-Term Corporate Bond ETF $4,977,274 3.64% 63,559 $530,678 Up ×3
LLY Eli Lilly and Company Common Stock $4,432,773 3.24% 3,831 Up ×1
MS Morgan Stanley Common Stock $4,064,158 2.97% 21,609 $374,367 Up ×3
PWR Quanta Services, Inc. Common Stock $4,011,243 2.93% 6,243 $-209,663 Up ×3
VRT Vertiv Holdings, LLC Class A Common Stock $3,216,750 2.35% 13,330 $-1,257,527 Down ×1
MCK McKesson Corporation Common Stock $3,168,172 2.32% 3,711 $834,119 Up ×2
VGSH Vanguard Short-Term Treasury ETF $3,146,459 2.30% 54,664 $-608,260 Down ×1
JBL Jabil Inc. Common Stock $2,985,374 2.18% 10,407 $-2,577,838 Down ×1
KR Kroger Company (The) Common Stock $2,978,365 2.18% 50,808 Up ×1
APO Apollo Global Management, Inc. (New) Common Stock $2,810,857 2.05% 24,219 $1,458,810 Up ×2
ULTA Ulta Beauty, Inc. - Common Stock $2,783,282 2.03% 5,096 Up ×1
FLR Fluor Corporation Common Stock $2,782,259 2.03% 58,109 Up ×1
V Visa Inc. $2,630,449 1.92% 7,320 $-59,190 Down ×1
LMT Lockheed Martin Corporation Common Stock $2,482,568 1.81% 4,875 $-43,413 Down ×1
ADSK Autodesk, Inc. - Common Stock $2,350,414 1.72% 11,246 Up ×1
FITB Fifth Third Bancorp - Common Stock $2,205,183 1.61% 43,598 $-612,506 Down ×1
IDXX IDEXX Laboratories, Inc. - Common Stock $2,195,809 1.61% 4,205 $776,527 Up ×3
LOW Lowe's Companies, Inc. Common Stock $2,143,846 1.57% 11,633 Up ×1
HSY The Hershey Company Common Stock $2,034,998 1.49% 12,912 $597,287 Up ×2
AZO AutoZone, Inc. Common Stock $2,031,954 1.49% 718 $405,221 Up ×3
TSLA Tesla, Inc. - Common Stock $1,947,907 1.42% 5,490 $-362,449 Down ×2
VGLT Vanguard Long-Term Treasury ETF $1,904,869 1.39% 37,991 $636,226 Up ×3
PM Philip Morris International Inc Common Stock $1,791,204 1.31% 9,387 $-534,054 Down ×1
DPZ Domino's Pizza Inc - Common Stock $1,695,193 1.24% 5,658 Up ×1
PLTR Palantir Technologies Inc. - Class A Common Stock $1,636,313 1.20% 8,748 $929,293 Up ×2
ARCC Ares Capital Corporation - Closed End Fund $1,423,867 1.04% 74,548 Up ×1
FICO Fair Isaac Corporation Common Stock $1,093,107 0.80% 1,845 Up ×1
CL Colgate-Palmolive Company Common Stock $1,057,041 0.77% 12,389 $-127,205 Down ×1
SGOV iShares Trust $826,960 0.60% 8,214 Up ×1
IVV iShares Core S&P 500 ETF $416,048 0.30% 543 Up ×1
QQQM Invesco NASDAQ 100 ETF $415,571 0.30% 1,364 Up ×1
VOO Vanguard S&P 500 ETF $315,906 0.23% 451 Up ×1
ANET Arista Networks, Inc. Common Stock $312,511 0.23% 1,535 $-249,962 Down ×1
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $206,505 0.15% 780 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
NVDA $20,983,233 15.34% up ×3
VCIT $4,977,274 3.64% up ×3
MS $4,064,158 2.97% up ×3
PWR $4,011,243 2.93% up ×3
IDXX $2,195,809 1.61% up ×3
AZO $2,031,954 1.49% up ×3
VGLT $1,904,869 1.39% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
LLY $4,432,773 3,831 3.24%
KR $2,978,365 50,808 2.18%
ULTA $2,783,282 5,096 2.03%
FLR $2,782,259 58,109 2.03%
ADSK $2,350,414 11,246 1.72%
LOW $2,143,846 11,633 1.57%
DPZ $1,695,193 5,658 1.24%
ARCC $1,423,867 74,548 1.04%
FICO $1,093,107 1,845 0.80%
SGOV $826,960 8,214 0.60%
IVV $416,048 543 0.30%
QQQM $415,571 1,364 0.30%
VOO $315,906 451 0.23%
CRWD $206,505 780 0.15%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
DELL Trimmed -19K -$6.9M
MSFT Bought more +1K +$3.3M
NVDA Bought more +2K +$3.1M
JBL Trimmed -4K -$2.6M
APO Bought more +13K +$1.5M
VRT Trimmed -33 -$1.3M
BIL Trimmed -12K -$1.1M
PLTR Bought more +3K +$929K
MCK Bought more +622 +$834K
GOOGL Trimmed -2K -$823K

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
META Sept. 30, 2026 8,927 $5,028,209 -11.4%
KLAC March 31, 2026 2,994 $3,638,060
UNH Sept. 30, 2026 8,376 $3,481,301 13.9%
ABNB March 31, 2026 19,647 $2,666,491 36.2%
CLX June 30, 2026 24,076 $2,494,996 -9.5%
VRSK Sept. 30, 2026 13,349 $2,396,547 16.7%
HD Sept. 30, 2026 6,326 $2,230,943 12.4%
VZ March 31, 2026 52,263 $2,128,676 -11.0%
PEP Sept. 30, 2026 14,069 $1,904,931 7.1%
BMY Sept. 30, 2026 31,955 $1,841,234 -1.5%
PAYX March 31, 2026 14,723 $1,651,600 28.1%
VRSN June 30, 2026 6,089 $1,512,360 19.4%
AAL March 31, 2026 97,747 $1,498,462 12.8%
CBOE Sept. 30, 2026 5,817 $1,411,652 23.7%
PYPL June 30, 2026 26,051 $1,178,299 32.1%
VGIT Sept. 30, 2026 11,214 $661,377
VCLT March 31, 2026 8,395 $636,761
VUG March 31, 2026 740 $360,935 22.0%
CRDO Sept. 30, 2026 1,199 $326,068 -24.4%
VTV March 31, 2026 1,611 $307,714
ALAB Sept. 30, 2026 562 $271,457 -27.8%
MU Sept. 30, 2026 194 $223,932 -17.6%
FSK Sept. 30, 2026 20,347 $213,639 -5.0%