Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +31.5%
S&P 500 total return (same window) +37.0%
Excess return -5.5%

Annualized: +24.5% · 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: 91.7% · Options excluded: 0.0%

Sector breakdown

04
Technology 20.8%
Financials 11.8%
Industrials 10.5%
Communication Services 9.4%
Healthcare 8.1%
Retail 7.1%
Consumer Discretionary 2.4%
Consumer Staples 1.9%
Energy 1.9%
Real Estate 1.4%
Utilities 1.0%
Consumer products 0.9%
Materials 0.8%
Other/Unmapped 21.9%

Full portfolio 281 positions

05
Type Streak 8Q trend
AAPL Apple Inc. - Common Stock $94,489,347 9.28% 326,546 $9,988,536 Down ×3
GOOGL Alphabet Inc. - Class A Common Stock $44,754,491 4.40% 125,233 $8,518,707 Down ×6
GOOG Alphabet Inc. - Class C Capital Stock $43,908,279 4.31% 124,270 $7,226,418 Down ×6
AMZN Amazon.com, Inc. - Common Stock $37,786,446 3.71% 158,540 $4,375,753 Down ×3
VUG VANGUARD INDEX FUNDS $36,740,417 3.61% 426,520 $-4,048,690 Up ×2
LRCX Lam Research Corporation - Common Stock $27,226,660 2.68% 62,831 $12,793,673 Down ×5
JPM JP Morgan Chase & Co. Common Stock $26,740,662 2.63% 81,693 $2,114,754 Down ×6
MSFT Microsoft Corporation - Common Stock $23,961,042 2.35% 64,235 $967,744 Up ×1
IYW iShares Trust $23,313,451 2.29% 92,429 $6,019,348 Down ×6
NVDA NVIDIA Corporation - Common Stock $19,418,533 1.91% 97,049 $6,001,842 Up ×1
XPO XPO, Inc. Common Stock $19,097,308 1.88% 93,026 $581,595 Down ×3
V Visa Inc. $17,591,774 1.73% 51,275 $1,836,199 Down ×3
JNJ Johnson & Johnson Common Stock $17,180,118 1.69% 67,646 $103,851 Down ×6
VOO VANGUARD INDEX FUNDS $16,852,506 1.66% 24,537 $1,669,386 Down ×6
DOV Dover Corporation Common Stock $14,379,222 1.41% 64,113 $645,772 Down ×3
MA Mastercard Incorporated Common Stock $13,168,139 1.29% 25,639 $97,083 Down ×4
BNL Broadstone Net Lease, Inc. Common Stock $12,692,770 1.25% 614,067 $-121,132 Down ×3
WMT Walmart Inc. - Common Stock $12,681,331 1.25% 111,967 $-1,630,898 Down ×3
XLI SELECT SECTOR SPDR TRUST $12,351,260 1.21% 66,681 $978,460 Down ×4
TJX TJX Companies, Inc. (The) Common Stock $11,660,460 1.15% 76,967 $-575,975 Up ×1
DHR Danaher Corporation Common Stock $11,585,796 1.14% 60,824 $-225,231 Down ×6
XLK SELECT SECTOR SPDR TRUST $11,527,222 1.13% 60,504 $2,777,086 Down ×2
ISRG Intuitive Surgical, Inc. - Common Stock $10,745,181 1.06% 27,020 $-1,859,976 Down ×3
CAT Caterpillar, Inc. Common Stock $10,397,719 1.02% 9,764 $3,346,393 Down ×3
CB Chubb Limited Common Stock $9,945,076 0.98% 29,187 $299,403 Down ×3
XLF SELECT SECTOR SPDR TRUST $9,786,572 0.96% 182,551 $450,550 Down ×5
TMO Thermo Fisher Scientific Inc Common Stock $9,676,248 0.95% 19,300 $-18,621 Down ×3
BA Boeing Company (The) Common Stock $8,794,568 0.86% 40,627 $668,931 Down ×3
QXO QXO, Inc. Common Stock $8,321,489 0.82% 481,568 $1,664,766 Up ×3
ADI Analog Devices, Inc. - Common Stock $8,072,341 0.79% 20,325 $1,388,704 Down ×3
MDLZ Mondelez International, Inc. - Class A Common Stock $7,939,571 0.78% 137,268 $-349,517 Down ×1
MRK Merck & Company, Inc. Common Stock (new) $7,543,364 0.74% 58,703 $307,383 Down ×6
VYM VANGUARD WHITEHALL FUNDS $7,438,314 0.73% 47,069 $543,667 Up ×2
MU Micron Technology, Inc. - Common Stock $7,262,023 0.71% 6,291 $6,570,499 Up ×2
YUM Yum! Brands, Inc. $7,053,343 0.69% 44,122 $104,009 Down ×3
IWO iShares Trust $6,885,239 0.68% 17,477 $1,169,190 Down ×5
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $6,653,441 0.65% 13,297 $264,023 Down ×3
XLV SELECT SECTOR SPDR TRUST $6,543,918 0.64% 41,245 $-218,301 Down ×5
PEP PepsiCo, Inc. - Common Stock $6,442,874 0.63% 47,584 $-1,286,220 Down ×5
SBUX Starbucks Corporation - Common Stock $6,373,284 0.63% 62,367 $752,676 Down ×3
CVX Chevron Corporation Common Stock $6,205,625 0.61% 37,437 $-2,762,010 Down ×3
GEV GE Vernova Inc. Common Stock $6,160,989 0.61% 5,244 $1,481,303 Down ×1
RTX RTX Corporation Common Stock $5,777,767 0.57% 30,453 $-292,714 Down ×5
IJK iShares Trust $5,446,008 0.54% 46,349 $415,612 Down ×1
COF Capital One Financial Corporation Common Stock $5,409,774 0.53% 26,965 $400,378 Down ×6
COST Costco Wholesale Corporation - Common Stock $4,969,530 0.49% 5,312 $-239,144 Up ×1
ECL Ecolab Inc. Common Stock $4,779,755 0.47% 17,156 $168,576 Down ×6
CL Colgate-Palmolive Company Common Stock $4,773,646 0.47% 52,069 $362,348 Up ×2
BIV VANGUARD BOND INDEX FUNDS $4,714,633 0.46% 61,468 $-174,687 Down ×1
EOG EOG Resources, Inc. Common Stock $4,676,147 0.46% 36,045 $-1,498,187 Down ×1
CME CME Group Inc. - Class A Common Stock $4,592,624 0.45% 20,797 $-1,628,067 Down ×3
HD Home Depot, Inc. (The) Common Stock $4,569,345 0.45% 12,956 $242,307 Down ×3
ABT Abbott Laboratories Common Stock $4,559,024 0.45% 50,243 $-886,975 Down ×4
IJR iShares Trust $4,557,224 0.45% 30,728 $655,923 Down ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $4,551,961 0.45% 10,952 $1,747,383 Up ×2
LLY Eli Lilly and Company Common Stock $4,471,916 0.44% 3,728 $1,165,140 Up ×1
WFC Wells Fargo & Company Common Stock $4,384,529 0.43% 53,056 $-4,255,613 Down ×6
BLK BlackRock, Inc. Common Stock $4,377,588 0.43% 4,553 $21,436 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $4,038,297 0.40% 8,456 $3,795,224 Up ×2
KO Coca-Cola Company (The) Common Stock $4,027,241 0.40% 49,554 $229,835 Down ×4
BIP Brookfield Infrastructure Partners LP Limited Partnership Units $4,024,993 0.40% 110,304 $-633,584 Down ×4
AES The AES Corporation Common Stock $3,964,376 0.39% 270,421 $-46,342 Down ×3
PH Parker-Hannifin Corporation Common Stock $3,955,527 0.39% 4,044 $238,482 Down ×3
VB VANGUARD INDEX FUNDS $3,852,049 0.38% 12,708 $521,212 Down ×1
XLC SELECT SECTOR SPDR TRUST $3,813,721 0.37% 35,599 $-594,627 Down ×1
PG Procter & Gamble Company (The) Common Stock $3,812,053 0.37% 25,996 $22,092 Down ×3
LHX L3Harris Technologies, Inc. Common Stock $3,665,831 0.36% 12,615 $-861,490 Down ×3
MAR Marriott International - Class A Common Stock $3,557,738 0.35% 9,600 $210,765 Down ×6
LMT Lockheed Martin Corporation Common Stock $3,554,683 0.35% 6,977 $-765,711 Down ×3
NOW ServiceNow, Inc. Common Stock $3,489,889 0.34% 35,152 $1,065,550 Up ×4
VOE VANGUARD INDEX FUNDS $3,478,699 0.34% 17,605 $520,866 Up ×2
BAC Bank of America Corporation Common Stock $3,371,393 0.33% 59,168 $227,408 Down ×3
PNC PNC Financial Services Group, Inc. (The) Common Stock $3,364,620 0.33% 13,665 $597,419 Up ×2
XLY XLY $3,360,541 0.33% 28,654 $-264,243 Down ×2
VO VANGUARD INDEX FUNDS $3,221,840 0.32% 39,988 $190,936 Up ×6
GNRC Generac Holdlings Inc. Common Stock $3,215,639 0.32% 10,982 $1,071,892 Up ×1
PANW Palo Alto Networks, Inc. - Common Stock $3,201,491 0.31% 9,388 $1,706,830 Up ×3
AVGO Broadcom Inc. - Common Stock $3,162,372 0.31% 8,372 $491,425 Down ×1
QQQ Invesco QQQ Trust, Series 1 $3,049,725 0.30% 4,141 $715,545 Up ×1
VGT VANGUARD WORLD FUND $2,932,400 0.29% 24,535 $802,842 Up ×1
LH Labcorp Holdings Inc. Common Stock $2,919,840 0.29% 10,428 $109,530 Down ×4
BAM Brookfield Asset Management Inc Class A Limited Voting Shares $2,904,770 0.29% 64,766 $14,838 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $2,791,112 0.27% 4,955 $-557,566 Down ×3
BX Blackstone Inc. Common Stock $2,778,503 0.27% 23,613 $-631,321 Down ×6
AVAV AeroVironment, Inc. - Common Stock $2,699,555 0.27% 16,354 Up ×1
ABBV AbbVie Inc. Common Stock $2,643,096 0.26% 10,503 $168,825 Down ×3
EPD Enterprise Products Partners L.P. Common Stock $2,612,643 0.26% 71,073 $-943,068 Down ×3
SPY SPY $2,574,863 0.25% 3,448 $324,284 Down ×6
BALL Ball Corporation Common Stock $2,572,468 0.25% 41,225 $159,926 Up ×1
UNP Union Pacific Corporation Common Stock $2,550,498 0.25% 9,377 $268,941 Down ×1
BN Brookfield Corporation Class A Limited Voting Shares $2,444,155 0.24% 57,388 $-81,092 Down ×2
MCD McDonald's Corporation Common Stock $2,382,783 0.23% 8,815 $-461,256 Down ×3
IVW iShares Trust $2,240,756 0.22% 16,293 $389,527 Down ×1
VTV VANGUARD INDEX FUNDS $2,160,494 0.21% 9,914 $242,893 Up ×2
IVV iShares Trust $2,152,914 0.21% 2,875 $524,418 Up ×1
ORCL Oracle Corporation Common Stock $2,116,426 0.21% 14,442 $-1,042,444 Down ×6
TSLA Tesla, Inc. - Common Stock $2,104,113 0.21% 5,003 $136,200 Down ×3
VBR VANGUARD INDEX FUNDS $2,041,576 0.20% 8,402 $434,167 Up ×1
IYC iShares Trust $2,002,791 0.20% 19,810 $65,748 Down ×5
BSV VANGUARD BOND INDEX FUNDS $1,974,825 0.19% 25,348 $-35,491 Down ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
QXO $8,321,489 0.82% up ×3
NOW $3,489,889 0.34% up ×4
VO $3,221,840 0.32% up ×6
PANW $3,201,491 0.31% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
AVAV $2,699,555 16,354 0.27%
SO $620,074 6,479 0.06%
WDC $509,699 798 0.05%
ASML $455,582 229 0.04%
SNDK $450,199 198 0.04%
FE $422,440 8,886 0.04%
STX $371,525 385 0.04%
VIK $349,702 3,341 0.03%
FTNT $339,807 2,212 0.03%
TRV $278,951 845 0.03%
AYI $276,845 735 0.03%
CDNS $272,208 725 0.03%
DAL $261,772 2,795 0.03%
ANET $259,101 1,525 0.03%
NVS $253,573 1,618 0.02%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
LRCX Trimmed -5K +$12.8M
AAPL Trimmed -6K +$10.0M
GOOGL Trimmed -778 +$8.5M
GOOG Trimmed -4K +$7.2M
IYW Trimmed -3K +$6.0M
NVDA Bought more +20K +$6.0M
AMZN Trimmed -2K +$4.4M
WFC Trimmed -55K -$4.3M
VUG Bought more +333K -$4.0M
CAT Trimmed -189 +$3.3M

2 positions 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
SPYG Dec. 31, 2025 73,082 $7,637,815
SPYV Dec. 31, 2025 91,201 $5,046,124
BIV Dec. 31, 2025 62,310 $4,865,756
ABFL Dec. 31, 2025 60,278 $4,338,111
AGG Dec. 31, 2025 39,122 $3,922,016
BINC Dec. 31, 2025 62,455 $3,325,078
FBND Dec. 31, 2025 58,035 $2,693,263
MBB Dec. 31, 2025 27,699 $2,635,543
BSV Dec. 31, 2025 28,460 $2,245,741
USMV Dec. 31, 2025 21,263 $2,022,914
STIP Dec. 31, 2025 17,434 $1,801,927
IGSB Dec. 31, 2025 31,265 $1,658,000
VONE March 31, 2026 5,310 $1,641,105
LULU June 30, 2025 5,775 $1,634,671 -60.2%
RCL Dec. 31, 2025 4,557 $1,478,948 -0.4%
HON June 30, 2026 6,104 $1,379,687 -4.4%
WING Dec. 31, 2025 5,032 $1,266,454 -55.2%
SPSB Dec. 31, 2025 38,913 $1,178,675
AJG Dec. 31, 2025 3,617 $1,120,276 -12.6%
TWI Dec. 31, 2025 142,551 $1,077,686 -10.7%
ETR June 30, 2025 12,483 $1,067,172 21.4%
TLT Dec. 31, 2025 11,680 $1,043,844
CSTL Dec. 31, 2025 40,777 $928,492 -8.6%
ARES Dec. 31, 2025 5,441 $869,961 -27.3%
TIP Dec. 31, 2025 7,709 $857,395
RSG Dec. 31, 2025 3,390 $777,937 -1.1%
APTV Dec. 31, 2025 8,668 $747,355 -42.8%
NVO Dec. 31, 2025 12,151 $674,284 -26.7%
FLRN Dec. 31, 2025 20,700 $638,802
SO March 31, 2026 6,971 $607,843 -13.3%
TSCO Dec. 31, 2025 10,226 $581,524 -37.8%
CACI Sept. 30, 2025 1,165 $555,356 23.3%
SASR June 30, 2025 19,119 $534,372 No longer tracked
QUAL Dec. 31, 2025 2,731 $531,180
ACN Dec. 31, 2025 2,131 $525,600 -25.9%
MUB Dec. 31, 2025 4,905 $522,333
ARCT Dec. 31, 2025 28,072 $517,371 112.6%
ITOT Dec. 31, 2025 3,479 $506,750 13.1%
JTEK June 30, 2025 7,405 $497,542
STE Dec. 31, 2025 1,987 $491,663 -17.7%
SHM Dec. 31, 2025 10,179 $490,831 -2.7%
TRI Dec. 31, 2025 3,158 $490,532 -26.0%
VIG Dec. 31, 2025 2,263 $490,290
CTAS Dec. 31, 2025 2,340 $480,333 2.6%
DGRW Dec. 31, 2025 5,319 $473,178
FSV Dec. 31, 2025 2,468 $471,487 -17.0%
ASML Dec. 31, 2025 469 $454,223 74.5%
MOS Dec. 31, 2025 12,440 $431,419 -12.5%
FISV Dec. 31, 2025 3,249 $418,843 -34.0%
FPE June 30, 2025 23,523 $413,770
IBIT Dec. 31, 2025 6,338 $411,970
EFV Dec. 31, 2025 5,965 $404,606
PWR Dec. 31, 2025 950 $393,492 60.3%
ESGU Dec. 31, 2025 2,678 $389,917
IUSV Dec. 31, 2025 3,887 $388,506
OSK Dec. 31, 2025 2,877 $373,199 6.5%
INTU March 31, 2026 556 $368,239 -35.0%
HALO Dec. 31, 2025 4,918 $360,658 63.2%
GLW Dec. 31, 2025 4,378 $359,137 87.5%
DD Dec. 31, 2025 4,565 $355,614 223.3%
T June 30, 2026 11,935 $345,993 17.4%
VDE March 31, 2026 2,745 $345,636
EW Dec. 31, 2025 4,425 $344,132 -0.1%
UL (filed as ULXXXX) Dec. 31, 2025 5,695 $337,601 -8.7%
MRSH Dec. 31, 2025 1,647 $332,011 -8.3%
ROP Dec. 31, 2025 665 $331,629 -20.4%
SRE Dec. 31, 2025 3,654 $328,742 -11.2%
ADBE June 30, 2026 1,352 $328,644 15.9%
EWBC Dec. 31, 2025 3,080 $327,866 12.3%
CMG June 30, 2026 10,121 $323,973 -4.8%
ROST Dec. 31, 2025 2,022 $308,103 26.9%
IWV Dec. 31, 2025 813 $308,059
VONV June 30, 2025 3,700 $305,398
TRV Dec. 31, 2025 1,063 $296,671 24.2%
CRM June 30, 2026 1,589 $296,619 49.8%
NKE Dec. 31, 2025 4,226 $296,606 -46.8%
BSX March 31, 2026 3,048 $290,627 -32.1%
IVOV June 30, 2025 3,142 $289,199 14.2%
POOL Dec. 31, 2025 894 $277,048 -29.4%
WPC Dec. 31, 2025 3,992 $273,372 0.2%
BKNG March 31, 2026 51 $273,122 -5.6%
TRGP Dec. 31, 2025 1,621 $271,499 52.7%
EFG Dec. 31, 2025 2,373 $270,237
HOOD Dec. 31, 2025 1,886 $269,966 -0.3%
INTC June 30, 2025 11,831 $268,682 432.7%
PDCO June 30, 2025 8,551 $267,133 No longer tracked
IVOV March 31, 2026 2,592 $261,818 7.0%
BND Dec. 31, 2025 3,506 $260,741
GM Dec. 31, 2025 4,262 $259,880 -3.8%
IXUS Dec. 31, 2025 3,141 $259,384
NEM June 30, 2026 2,372 $256,769 23.7%
CHRW June 30, 2025 2,484 $255,918 64.4%
OTIS March 31, 2026 2,890 $252,417 -16.9%
ANET Dec. 31, 2025 1,726 $251,525 58.2%
APP March 31, 2026 368 $247,966 -32.6%
SILA June 30, 2025 9,207 $245,919 No longer tracked
SPGI March 31, 2026 464 $242,654 -9.2%
NOC Dec. 31, 2025 396 $240,986 -16.2%
CRAI Dec. 31, 2025 1,130 $235,639 -15.1%
SPOT Sept. 30, 2025 307 $235,573 -32.3%
APO March 31, 2026 1,624 $235,292 2.3%
WSO June 30, 2025 461 $234,326 -32.6%
DUK June 30, 2026 1,787 $233,994 -9.8%
TFC June 30, 2025 5,684 $233,894 8.0%
VONE June 30, 2025 912 $231,534
JNK Dec. 31, 2025 2,354 $230,668 -3.7%
CVS March 31, 2026 2,901 $230,223 20.4%
FE March 31, 2026 5,133 $229,804 -14.4%
CEG March 31, 2026 649 $229,378 -7.8%
TDG Sept. 30, 2025 150 $228,096 -17.3%
PAYX Dec. 31, 2025 1,795 $227,527 -11.8%
CMCSA June 30, 2026 7,829 $224,771 -12.1%
CHRW Dec. 31, 2025 1,685 $224,283 -1.9%
HCA June 30, 2026 472 $223,369 9.4%
MSI Sept. 30, 2025 526 $221,766 -2.2%
RELX Dec. 31, 2025 4,631 $221,177 -17.3%
KR Dec. 31, 2025 3,239 $218,341 -5.5%
DAL March 31, 2026 3,144 $218,188 26.5%
KKR Dec. 31, 2025 1,672 $217,276 -29.2%
BXSL March 31, 2026 8,000 $216,800 -0.3%
NVS Dec. 31, 2025 1,690 $216,726 2.3%
FRPT March 31, 2026 3,550 $216,302 2.2%
TFC Dec. 31, 2025 4,696 $214,698 -5.6%
TT Dec. 31, 2025 508 $214,520 19.2%
COO June 30, 2025 2,542 $214,418 -20.0%
UBER June 30, 2026 2,979 $214,264 -5.6%
IQV March 31, 2026 940 $211,885 51.4%
CI Sept. 30, 2025 636 $210,249 -6.1%
KNSL Sept. 30, 2025 432 $209,045 -22.5%
ZS March 31, 2026 925 $207,941 40.1%
MELI Dec. 31, 2025 88 $205,651 -15.8%
Q June 30, 2026 1,769 $204,107 -19.5%
CMCSA Dec. 31, 2025 6,487 $203,822 -23.0%
DASH Dec. 31, 2025 747 $203,296 -16.5%
COO March 31, 2026 2,477 $203,015 -20.4%
PLD June 30, 2025 1,813 $202,697 22.6%
PPG Sept. 30, 2025 1,777 $202,136 0.0%
AMT Dec. 31, 2025 1,038 $201,336 -7.6%
JKHY Dec. 31, 2025 1,351 $201,204 -21.9%
BXMT Dec. 31, 2025 10,000 $188,800 -43.0%
GOOD June 30, 2026 13,535 $154,705 5.2%
LYG June 30, 2025 14,590 $55,734 29.4%
IMMX Dec. 31, 2025 24,526 $51,259 85.1%
CALC Dec. 31, 2025 15,119 $46,503 -95.1%
EQ Sept. 30, 2025 13,500 $4,255 -1.4%