Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +23.9%
S&P 500 total return (same window) +37.0%
Excess return -13.1%

Annualized: +18.7% · 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: 96.9% · Options excluded: 0.0%

Sector breakdown

04
Technology 23.9%
Financials 14.2%
Industrials 12.1%
Healthcare 10.1%
Communication Services 10.0%
Retail 4.2%
Energy 3.2%
Consumer products 2.9%
Consumer Staples 2.8%
Utilities 2.1%
Consumer Discretionary 1.7%
Materials 1.0%
Real Estate 0.5%
Other/Unmapped 11.2%

Full portfolio 222 positions

05
Type Streak 8Q trend
GOOG Alphabet Inc. - Class C Capital Stock $63,749,936 5.75% 180,426 $10,529,446 Down ×6
AAPL Apple Inc. - Common Stock $59,959,299 5.41% 207,214 $5,611,064 Down ×1
MSFT Microsoft Corporation - Common Stock $52,412,614 4.73% 140,509 $-772,248 Down ×1
AVGO Broadcom Inc. - Common Stock $48,983,220 4.42% 129,671 $7,729,561 Down ×5
LRCX Lam Research Corporation - Common Stock $44,802,665 4.04% 103,392 $21,958,460 Down ×5
JPM JP Morgan Chase & Co. Common Stock $40,063,326 3.61% 122,394 $3,137,252 Down ×1
VOO VANGUARD INDEX FUNDS $26,315,125 2.37% 38,315 $7,696,662 Up ×1
JNJ Johnson & Johnson Common Stock $22,745,816 2.05% 89,561 $929,736 Up ×2
ORCL Oracle Corporation Common Stock $21,242,607 1.92% 144,951 $-619,923 Down ×1
V Visa Inc. $20,271,130 1.83% 59,084 $2,339,231 Down ×6
RTX RTX Corporation Common Stock $19,723,405 1.78% 103,955 $-558,922 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $19,673,576 1.77% 55,051 $3,997,243 Up ×1
MCD McDonald's Corporation Common Stock $17,628,243 1.59% 65,215 $-2,850,764 Down ×1
ETN Eaton Corporation, PLC Ordinary Shares $15,993,988 1.44% 37,534 $2,450,813 Down ×1
J Jacobs Solutions Inc. Common Stock $14,568,876 1.31% 115,626 $-711,343 Down ×1
Unknown issuer (CUSIP: 30233Q108) $13,921,506 1.26% 101,825 Up ×1
TMO Thermo Fisher Scientific Inc Common Stock $13,442,203 1.21% 26,811 $72,369 Down ×1
AMZN Amazon.com, Inc. - Common Stock $13,330,118 1.20% 55,929 $1,731,145 Up ×6
TOL Toll Brothers, Inc. Common Stock $12,336,645 1.11% 74,881 $2,020,741 Down ×3
IQV IQVIA Holdings, Inc. Common Stock $12,224,643 1.10% 63,268 $924,322 Down ×1
PG Procter & Gamble Company (The) Common Stock $12,138,158 1.10% 82,775 $648,259 Up ×2
ICE Intercontinental Exchange Inc. Common Stock $11,889,450 1.07% 96,576 $-2,311,137 Up ×6
PEP PepsiCo, Inc. - Common Stock $11,524,728 1.04% 85,116 $-2,051,681 Down ×1
SCHW Charles Schwab Corporation (The) Common Stock $11,170,114 1.01% 121,059 $-463,670 Down ×1
KO Coca-Cola Company (The) Common Stock $11,042,140 1.00% 135,870 $367,625 Down ×1
NVS Novartis AG Common Stock $10,878,876 0.98% 69,416 $-47,485 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $10,852,345 0.98% 19,266 $-379,139 Down ×2
DUK Duke Energy Corporation (Holding Company) Common Stock $10,772,558 0.97% 85,105 $-763,780 Down ×1
NVDA NVIDIA Corporation - Common Stock $10,666,798 0.96% 53,310 $1,548,294 Up ×6
AON Aon plc Class A Ordinary Shares (Ireland) $10,544,094 0.95% 31,789 $-261,289 Down ×1
LOW Lowe's Companies, Inc. Common Stock $9,848,762 0.89% 44,668 $-1,064,756 Down ×1
ABBV AbbVie Inc. Common Stock $9,788,796 0.88% 38,900 $1,236,437 Down ×4
PH Parker-Hannifin Corporation Common Stock $9,337,134 0.84% 9,546 $600,487 Down ×1
CVX Chevron Corporation Common Stock $9,323,327 0.84% 56,246 $-2,421,339 Down ×1
NEE NextEra Energy, Inc. Common Stock $9,074,891 0.82% 103,394 $-425,711 Up ×3
COST Costco Wholesale Corporation - Common Stock $9,037,576 0.82% 9,661 $-1,072,203 Down ×3
ADI Analog Devices, Inc. - Common Stock $9,017,348 0.81% 22,704 $1,702,037 Down ×1
MCO Moody's Corporation Common Stock $8,932,217 0.81% 19,721 $1,080,923 Up ×2
LLY Eli Lilly and Company Common Stock $7,917,437 0.71% 6,601 $1,772,454 Down ×6
SCHD SCHWAB STRATEGIC TRUST $7,780,810 0.70% 245,374 $185,853 Down ×1
VEU VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $7,528,957 0.68% 89,898 $376,808 Down ×1
OKE ONEOK, Inc. Common Stock $7,347,039 0.66% 84,507 $-328,518 Down ×1
WMT Walmart Inc. - Common Stock $7,233,742 0.65% 63,868 $-841,272 Down ×1
TMUS T-Mobile US, Inc. - Common Stock $7,159,891 0.65% 42,687 $-3,407,138 Down ×4
UPS United Parcel Service, Inc. Common Stock $7,101,773 0.64% 66,063 $580,360 Down ×1
APH Amphenol Corporation Common Stock $6,961,290 0.63% 39,481 $5,297,260 Up ×3
HD Home Depot, Inc. (The) Common Stock $6,949,559 0.63% 19,705 $210,603 Down ×1
SPY SPY $6,774,430 0.61% 9,072 $999,800 Up ×1
CSCO Cisco Systems, Inc. - Common Stock $6,639,341 0.60% 56,524 $2,192,094 Down ×2
WM Waste Management, Inc. Common Stock $6,587,218 0.59% 29,555 $-146,089 Up ×3
WSO Watsco, Inc. Common Stock $6,514,698 0.59% 15,633 $622,578 Down ×1
DHR Danaher Corporation Common Stock $6,332,526 0.57% 33,245 $-779,534 Down ×6
ACN Accenture plc Class A Ordinary Shares (Ireland) $6,174,589 0.56% 49,619 $-5,241,561 Down ×6
LHX L3Harris Technologies, Inc. Common Stock $6,149,466 0.55% 21,162 $-1,317,164 Down ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $6,110,262 0.55% 12,211 $155,723 Down ×1
AXP American Express Company Common Stock $6,022,880 0.54% 17,806 $775,154 Up ×3
UNP Union Pacific Corporation Common Stock $5,853,168 0.53% 21,519 $754,023 Up ×3
VO VANGUARD INDEX FUNDS $5,835,524 0.53% 72,428 $399,494 Up ×1
AMGN Amgen Inc. - Common Stock $5,468,736 0.49% 15,102 $129,412 Down ×1
CME CME Group Inc. - Class A Common Stock $5,395,455 0.49% 24,433 $-2,056,983 Down ×1
LIN Linde plc - Ordinary Shares $5,373,105 0.48% 10,354 $112,596 Down ×1
BDX Becton, Dickinson and Company Common Stock $5,267,196 0.48% 34,806 $-595,129 Down ×6
LEN Lennar Corporation Class A Common Stock $5,012,875 0.45% 55,397 $147,247 Down ×6
TPL Texas Pacific Land Corporation Common Stock $4,817,979 0.43% 11,009 $-406,452
DE Deere & Company Common Stock $4,620,460 0.42% 7,284 $517,383
EPD Enterprise Products Partners L.P. Common Stock $4,576,252 0.41% 124,490 $-329,136 Down ×5
MRK Merck & Company, Inc. Common Stock (new) $4,478,493 0.40% 34,852 $238,193 Down ×6
TRV The Travelers Companies, Inc. Common Stock $4,478,408 0.40% 13,566 $521,477
ABT Abbott Laboratories Common Stock $4,414,138 0.40% 48,646 $-707,042 Down ×1
BAC Bank of America Corporation Common Stock $4,313,069 0.39% 75,694 $577,460 Down ×1
CAT Caterpillar, Inc. Common Stock $4,241,497 0.38% 3,983 $1,407,657 Down ×1
APD Air Products and Chemicals, Inc. Common Stock $4,152,308 0.37% 14,163 $23,864 Down ×1
ENB Enbridge Inc Common Stock $3,896,832 0.35% 71,884 $-23,879 Down ×1
CSX CSX Corporation - Common Stock $3,773,604 0.34% 79,394 $514,707 Up ×3
Unknown issuer (CUSIP: 438516205) $3,741,705 0.34% 16,712 Up ×1
Unknown issuer (CUSIP: 43849R105) $3,692,478 0.33% 16,702 Up ×1
PNC PNC Financial Services Group, Inc. (The) Common Stock $3,650,203 0.33% 14,825 $592,327 Up ×2
LMT Lockheed Martin Corporation Common Stock $3,541,766 0.32% 6,952 $-640,008 Up ×2
AMP Ameriprise Financial, Inc. Common Stock $3,363,628 0.30% 7,332 $75,512 Down ×2
MDLZ Mondelez International, Inc. - Class A Common Stock $3,323,529 0.30% 57,461 $-107,062 Down ×6
BRO Brown & Brown, Inc. Common Stock $3,239,560 0.29% 50,500 $-765,352 Down ×3
SPGI S&P Global Inc. Common Stock $3,202,372 0.29% 7,863 $-450,919 Down ×1
WFC Wells Fargo & Company Common Stock $3,068,083 0.28% 37,126 $-190,025 Down ×1
RSP Invesco Exchange-Traded Fund Trust $3,050,696 0.28% 14,338 $441,352 Up ×1
IBM International Business Machines Corporation Common Stock $2,893,370 0.26% 10,289 $460,259 Up ×1
SPG Simon Property Group, Inc. Common Stock $2,833,646 0.26% 12,670 $469,378 Down ×1
VIG VANGUARD SPECIALIZED FUNDS $2,768,691 0.25% 11,701 $108,829 Down ×1
MDT Medtronic plc. Ordinary Shares $2,627,276 0.24% 33,584 $-596,364 Down ×6
NSC Norfolk Southern Corporation Common Stock $2,623,051 0.24% 8,338 $230,045
PM Philip Morris International Inc Common Stock $2,562,047 0.23% 14,162 $678,990 Up ×3
SCHM SCHWAB STRATEGIC TRUST $2,513,465 0.23% 68,171 $339,268 Down ×1
QCOM QUALCOMM Incorporated - Common Stock $2,493,187 0.22% 13,492 $588,917 Down ×6
IVV iShares Trust $2,445,875 0.22% 3,266 $312,491
TT Trane Technologies plc $2,398,334 0.22% 4,883 $740,542 Up ×1
VB VANGUARD INDEX FUNDS $2,343,118 0.21% 7,730 $330,787 Up ×1
VTI VANGUARD INDEX FUNDS $2,320,151 0.21% 6,270 $955,104 Up ×1
LDOS Leidos Holdings, Inc. Common Stock $2,078,552 0.19% 20,186 $-1,066,996 Down ×1
AMAT Applied Materials, Inc. - Common Stock $2,054,043 0.19% 2,841 $988,342 Down ×1
CL Colgate-Palmolive Company Common Stock $1,978,638 0.18% 21,582 $62,071 Down ×6
QQQ Invesco QQQ Trust, Series 1 $1,969,153 0.18% 2,674 $649,127 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
AMZN $13,330,118 1.20% up ×6
ICE $11,889,450 1.07% up ×6
NVDA $10,666,798 0.96% up ×6
NEE $9,074,891 0.82% up ×3
APH $6,961,290 0.63% up ×3
WM $6,587,218 0.59% up ×3
AXP $6,022,880 0.54% up ×3
UNP $5,853,168 0.53% up ×3
CSX $3,773,604 0.34% up ×3
PM $2,562,047 0.23% up ×3
SO $1,684,783 0.15% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 30233Q108) $13,921,506 101,825 1.26%
Unknown issuer (CUSIP: 438516205) $3,741,705 16,712 0.34%
Unknown issuer (CUSIP: 43849R105) $3,692,478 16,702 0.33%
VYM $1,595,471 10,096 0.14%
CELH $1,464,000 50,000 0.13%
CRM $778,914 4,972 0.07%
INTC $502,668 3,600 0.05%
EFA $499,247 4,806 0.05%
BMOP $394,486 15,648 0.04%
MS $389,023 1,861 0.04%
AMD $319,501 550 0.03%
SUB $255,528 2,400 0.02%
GLW $255,430 1,000 0.02%
TXN $209,841 704 0.02%
Unknown issuer (CUSIP: 314352105) $208,833 1,383 0.02%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
LRCX Trimmed -4K +$22.0M
GOOG Trimmed -5K +$10.5M
AVGO Trimmed -4K +$7.7M
VOO Bought more +7K +$7.7M
AAPL Trimmed -7K +$5.6M
APH Bought more +26K +$5.3M
ACN Trimmed -8K -$5.2M
GOOGL Bought more +536 +$4.0M
TMUS Trimmed -8K -$3.4M
JPM Trimmed -3K +$3.1M

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
XOM June 30, 2026 101,469 $17,215,221 20.0%
HON June 30, 2026 34,038 $7,693,619 -4.4%
GSPRA March 31, 2026 174,457 $3,375,743 No longer tracked
USBPRH March 31, 2026 135,816 $2,424,316 No longer tracked
RHHBY March 31, 2026 46,314 $2,398,273 No longer tracked
METPRA March 31, 2026 103,119 $2,229,433 No longer tracked
BMLPRH March 31, 2026 86,222 $1,591,658 No longer tracked
NI June 30, 2026 27,998 $1,306,387 -17.1%
UL (filed as ULXXXX) Dec. 31, 2025 17,495 $1,037,104 -8.7%
MSPRA March 31, 2026 33,795 $652,244 No longer tracked
CCS June 30, 2026 10,000 $573,800 -16.5%
TXN Dec. 31, 2025 2,704 $496,806 69.3%
MTH June 30, 2026 8,000 $494,720 -23.9%
BMLPRG March 31, 2026 25,100 $464,350 No longer tracked
FNF Sept. 30, 2025 8,074 $452,628 -32.7%
GSPRD March 31, 2026 22,350 $434,708 No longer tracked
TSM June 30, 2026 976 $329,839 -1.0%
DEO Sept. 30, 2025 3,270 $329,776 -11.2%
DRI Sept. 30, 2025 1,500 $326,955 5.2%
ADBE June 30, 2026 1,333 $324,026 15.9%
UBER June 30, 2026 4,500 $323,685 -5.6%
CHD Dec. 31, 2025 3,600 $315,468 12.5%
SDZNY March 31, 2026 4,242 $309,697 No longer tracked
IBTI June 30, 2026 13,475 $300,263
IBTH June 30, 2026 13,375 $300,001
CEG March 31, 2026 826 $291,801 -7.8%
MKCV Dec. 31, 2025 4,000 $266,880 No longer tracked
OTIS March 31, 2026 3,034 $265,020 -16.9%
D June 30, 2025 4,504 $252,539 8.5%
CVS March 31, 2026 3,152 $250,143 20.4%
STZ Dec. 31, 2025 1,750 $235,672 -18.2%
GIS June 30, 2025 3,850 $230,192 -38.2%
RF June 30, 2026 8,809 $230,091 -10.3%
DLR Dec. 31, 2025 1,275 $220,422 15.4%
UDR June 30, 2025 4,798 $216,726 -18.5%
WBD June 30, 2026 7,874 $216,220 16.1%
BA June 30, 2026 1,053 $209,579 -10.6%
TSCO March 31, 2026 4,125 $206,291 -31.4%
FMC Sept. 30, 2025 4,916 $205,243 -74.9%
LYB June 30, 2025 2,900 $204,160 1.2%
ROP June 30, 2026 570 $201,700 4.7%
FDS Sept. 30, 2025 450 $201,276 -7.2%
IBTG June 30, 2026 8,750 $200,506
FSK Dec. 31, 2025 11,124 $166,081 -25.9%
ARCO June 30, 2026 10,000 $82,500 -11.8%