Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +205.4%
S&P 500 total return (same window) +37.0%
Excess return +168.4%

Annualized: +144.4% · 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: 99.4% · Options excluded: 0.0%

Sector breakdown

04
Technology 88.6%
Industrials 7.5%
Communication Services 2.1%
Retail 0.5%
Other/Unmapped 1.4%

Full portfolio 15 positions

05
Type Streak 8Q trend
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $711,957,700 22.38% 737,780 $630,471,620 Up ×1
MU Micron Technology, Inc. - Common Stock $697,999,163 21.94% 604,700 $433,098,819 Down ×1
WDC Western Digital Corporation - Common Stock $627,606,272 19.73% 982,600 $534,287,222 Up ×1
LRCX Lam Research Corporation - Common Stock $372,663,800 11.72% 860,000 $198,381,338 Up ×3
SNDK Sandisk Corporation - Common Stock $270,266,916 8.50% 118,865 $259,339,068 Up ×1
BE Bloom Energy Corporation Class A Common Stock $238,648,680 7.50% 788,400 $105,868,480 Down ×3
NVDA NVIDIA Corporation - Common Stock $88,871,974 2.79% 444,160 $26,087,974 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $50,879,520 1.60% 144,000 $10,088,028 Up ×1
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN $29,445,970 0.93% 1,333,000 $18,414,670 Up ×2
CIFR Cipher Mining Inc. - Common Stock $16,223,900 0.51% 662,200 Up ×1
ZM Zoom Communications, Inc. - Class A Common Stock $15,777,468 0.50% 182,800 Up ×1
QCOM QUALCOMM Incorporated - Common Stock $15,707,150 0.49% 85,000 Up ×1
AMZN Amazon.com, Inc. - Common Stock $15,482,566 0.49% 64,960 $-2,553,616 Down ×4
META Meta Platforms, Inc. - Class A Common Stock $15,321,488 0.48% 27,200 $4,336,592 Up ×2
SQQQ ProShares UltraPro Short QQQ $14,193,579 0.45% 390,900 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
LRCX $372,663,800 11.72% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
CIFR $16,223,900 662,200 0.51%
ZM $15,777,468 182,800 0.50%
QCOM $15,707,150 85,000 0.49%
SQQQ $14,193,579 390,900 0.45%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
MU Trimmed -179K +$433.1M
LRCX Bought more +44K +$198.4M
BE Trimmed -192K +$105.9M
NVDA Bought more +84K +$26.1M
VXX Bought more +1.0M +$18.4M
GOOG Bought more +2K +$10.1M
META Bought more +8K +$4.3M
AMZN Trimmed -22K -$2.6M

3 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
BABA June 30, 2025 2,233,000 $295,269,590 -2.3%
GOOGL March 31, 2026 915,700 $286,614,100 20.5%
SPOT Sept. 30, 2025 280,700 $215,392,338 -30.8%
ORCL Dec. 31, 2025 530,562 $149,215,257 -26.9%
LITE June 30, 2026 212,000 $148,985,120 27.2%
TER June 30, 2026 456,800 $135,422,928 -8.1%
AMD Sept. 30, 2025 860,500 $122,104,950 290.5%
SE Dec. 31, 2025 626,000 $111,884,980 -24.1%
HOOD Dec. 31, 2025 760,000 $108,816,800 0.9%
VRT Sept. 30, 2025 730,500 $93,803,505 68.1%
IBIT Sept. 30, 2025 1,477,800 $90,456,138 -25.3%
AS Sept. 30, 2025 2,070,000 $80,233,200 -20.9%
IBKR Sept. 30, 2025 1,317,400 $72,997,134 29.4%
APP Dec. 31, 2025 98,000 $70,416,920 -58.2%
DIDIY Dec. 31, 2025 10,750,000 $66,865,000 No longer tracked
PDD Dec. 31, 2025 490,000 $64,763,300 -31.3%
BTI Sept. 30, 2025 1,270,000 $60,109,100 -0.4%
SAP Sept. 30, 2025 172,000 $52,305,200 -22.3%
SNOW Sept. 30, 2025 215,000 $48,110,550 50.3%
FUTU June 30, 2026 279,000 $38,156,040 17.0%
NOW Sept. 30, 2025 33,000 $33,926,640 -26.1%
MU Sept. 30, 2025 270,000 $33,277,500 535.9%
SATS June 30, 2026 241,000 $28,213,870 No longer tracked
GLW June 30, 2026 169,200 $23,006,124 -37.6%
MRVL Sept. 30, 2025 270,000 $20,898,000 222.6%
HSAI Sept. 30, 2025 809,500 $17,768,525 -43.4%
MS March 31, 2026 96,700 $17,167,151 15.6%
AAPL Dec. 31, 2025 66,000 $16,805,580 22.4%
RDDT Sept. 30, 2025 107,000 $16,110,990 -34.6%
C Sept. 30, 2025 188,400 $16,036,608 26.7%
INTC June 30, 2026 360,000 $15,886,800 -16.8%
COHR June 30, 2026 62,400 $14,864,304 -15.4%
MTSI June 30, 2026 64,400 $14,301,308 -13.7%
DIS March 31, 2026 122,500 $13,936,825 7.5%
TSLA June 30, 2026 36,000 $13,383,000 -10.0%
AVGO June 30, 2026 40,000 $12,380,400 -4.0%
AMAT June 30, 2026 29,974 $10,244,813 -25.0%
KKR March 31, 2026 78,000 $9,943,440 -2.7%
TCOM June 30, 2026 181,095 $9,016,720 -2.6%
NBIS Dec. 31, 2025 76,000 $8,532,520 177.8%
KKR Sept. 30, 2025 60,000 $7,981,800 -30.8%
CRM Dec. 31, 2025 30,000 $7,110,000 -13.3%
BX March 31, 2026 45,400 $6,997,956 -2.9%
SNAP Dec. 31, 2025 895,000 $6,900,450 -30.5%
MSFT June 30, 2026 18,450 $6,829,637 40.8%
CORZ Dec. 31, 2025 365,500 $6,557,070 14.0%
PANW Dec. 31, 2025 31,200 $6,352,944 120.8%
NFLX Dec. 31, 2025 5,200 $6,234,384 -28.0%
BEKE June 30, 2025 301,000 $6,047,090 -7.0%
CRM June 30, 2025 20,292 $5,445,561 -15.7%
LIN June 30, 2026 10,950 $5,428,572 -7.0%
RDW June 30, 2026 635,000 $5,397,500 -14.7%
SNDK June 30, 2025 100,100 $4,765,761 3657.8%
TTMI Sept. 30, 2025 116,601 $4,759,653 131.1%
HUT March 31, 2026 102,400 $4,704,256 90.3%
WULF March 31, 2026 401,875 $4,617,544 2.5%
BZ June 30, 2025 204,000 $3,910,680 -15.4%
COIN Sept. 30, 2025 11,100 $3,890,439 -44.2%
BABA March 31, 2026 24,400 $3,576,552 -11.7%
SHOP Dec. 31, 2025 21,000 $3,120,810 -0.5%
TTMI June 30, 2026 31,500 $3,068,730 -28.8%
GEV June 30, 2025 10,000 $3,052,800 87.1%
STM June 30, 2026 58,950 $2,036,723 -23.0%
SMMT June 30, 2025 47,000 $906,630 -18.8%
CRWV March 31, 2026 10,000 $716,100 12.8%
ZEPP June 30, 2026 30,892 $369,159 -25.9%