Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +31.4%

Annualized: +24.5%

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: 90.3% · Options excluded: 0.0%

Sector breakdown

04
Technology 20.7%
Energy 13.9%
Financials 8.4%
Industrials 8.3%
Healthcare 6.5%
Communication Services 5.0%
Retail 4.4%
Consumer Staples 2.0%
Consumer Discretionary 2.0%
Consumer products 1.6%
Utilities 1.4%
Real Estate 0.6%
Materials 0.6%
Other/Unmapped 24.6%

Full portfolio 515 positions

05
Type Streak 8Q trend
VOO Vanguard S&P 500 ETF $124,805,540 6.59% 181,718 $23,413,295 Up ×3
SPY SPY $90,544,888 4.78% 121,496 $75,049,237 Up ×1
IEFA iShares Core MSCI EAFE ETF $73,556,847 3.88% 761,616 $14,155,500 Up ×3
AAPL Apple Inc. - Common Stock $69,705,645 3.68% 240,977 $14,494,637 Up ×3
CVX Chevron Corporation Common Stock $65,617,915 3.46% 394,845 $59,451,682 Up ×3
NVDA NVIDIA Corporation - Common Stock $63,689,748 3.36% 318,478 $12,861,063 Up ×3
XOM Exxon Mobil Corporation Common Stock $50,425,284 2.66% 369,126 $34,440,621 Up ×3
MSFT Microsoft Corporation - Common Stock $44,644,134 2.36% 119,704 $5,322,335 Up ×3
LRCX Lam Research Corporation - Common Stock $37,310,880 1.97% 86,112 $17,018,309 Down ×1
CAT Caterpillar, Inc. Common Stock $36,908,074 1.95% 34,662 $12,928,745 Up ×3
GOOGL Alphabet Inc. - Class A Common Stock $34,316,516 1.81% 96,029 $8,038,127 Up ×3
KLAC KLA Corporation - Common Stock $34,276,258 1.81% 113,647 $16,566,503 Up ×3
LLY Eli Lilly and Company Common Stock $33,372,963 1.76% 27,818 $9,834,022 Up ×3
IJH iShares Trust $31,766,074 1.68% 412,137 $9,644,488 Up ×3
AMAT Applied Materials, Inc. - Common Stock $31,518,798 1.66% 43,605 $15,679,287 Down ×1
AMZN Amazon.com, Inc. - Common Stock $29,958,491 1.58% 125,677 $6,547,693 Up ×3
AVGO Broadcom Inc. - Common Stock $28,947,061 1.53% 76,650 $8,614,748 Up ×3
JPM JP Morgan Chase & Co. Common Stock $26,799,107 1.41% 81,865 $5,520,122 Up ×3
GOOG Alphabet Inc. - Class C Capital Stock $25,330,018 1.34% 71,704 $8,630,393 Up ×3
VEA Vanguard FTSE Developed Markets ETF $22,307,096 1.18% 313,295 $8,111,005 Up ×1
DMLP Dorchester Minerals, L.P. - Common Units Representing Limited Partnership Interests $21,284,136 1.12% 842,225 Up ×1
PAGP Plains GP Holdings, L.P. - Class A Shares representing limited partner interests $19,666,903 1.04% 810,338 $234,696 Up ×1
APH Amphenol Corporation Common Stock $19,534,609 1.03% 110,791 $5,383,122 Down ×1
V Visa Inc. $18,674,815 0.99% 54,434 $5,094,956 Up ×3
META Meta Platforms, Inc. - Class A Common Stock $18,612,760 0.98% 33,044 $1,135,052 Up ×3
BLK BlackRock, Inc. Common Stock $18,063,449 0.95% 18,786 $1,991,234 Up ×3
MPC Marathon Petroleum Corporation Common Stock $17,854,459 0.94% 69,834 $17,422,260 Up ×3
KO Coca-Cola Company (The) Common Stock $17,830,387 0.94% 219,390 $10,020,660 Up ×3
MCD McDonald's Corporation Common Stock $17,065,823 0.90% 63,139 $381,305 Up ×3
PG Procter & Gamble Company (The) Common Stock $16,864,488 0.89% 115,004 $2,361,915 Up ×2
EPD Enterprise Products Partners L.P. Common Stock $15,812,902 0.83% 430,166 $231,109 Up ×3
TJX TJX Companies, Inc. (The) Common Stock $15,527,562 0.82% 102,492 $1,552,952 Up ×3
COST Costco Wholesale Corporation - Common Stock $15,494,833 0.82% 16,562 $12,085 Up ×3
JNJ Johnson & Johnson Common Stock $15,309,377 0.81% 60,278 $9,806,251 Up ×3
ET Energy Transfer LP Common Units $14,233,865 0.75% 744,449 $120,682 Up ×3
PH Parker-Hannifin Corporation Common Stock $13,363,414 0.71% 13,662 $1,405,566 Up ×3
EOG EOG Resources, Inc. Common Stock $12,994,147 0.69% 100,163 $-833,020 Up ×3
HD Home Depot, Inc. (The) Common Stock $12,614,419 0.67% 35,768 $2,455,336 Up ×3
TT Trane Technologies plc $11,753,918 0.62% 23,931 $2,063,880 Up ×3
TXN Texas Instruments Incorporated - Common Stock $11,522,320 0.61% 38,659 $4,405,536 Up ×2
IWB iShares Russell 1000 ETF $11,510,636 0.61% 28,109 $1,744,814 Up ×2
ETR Entergy Corporation Common Stock $11,228,812 0.59% 97,761 $270,294 Up ×3
AFL AFLAC Incorporated Common Stock $10,605,460 0.56% 90,451 $1,337,550 Up ×3
PGR Progressive Corporation (The) Common Stock $10,529,958 0.56% 48,203 $2,157,283 Up ×3
GRMN Garmin Ltd. Common Stock (Switzerland) $9,997,405 0.53% 42,087 $146,176 Down ×1
PM Philip Morris International Inc Common Stock $9,831,057 0.52% 54,340 $2,318,425 Up ×3
SYK Stryker Corporation Common Stock $9,704,940 0.51% 30,825 $1,126,304 Up ×3
ITOT iShares Trust $9,631,479 0.51% 58,632 $1,144,075 Down ×1
MU Micron Technology, Inc. - Common Stock $9,554,393 0.50% 8,278 $7,021,607 Up ×3
MLM Martin Marietta Materials, Inc. Common Stock $9,513,937 0.50% 16,497 $943,928 Up ×3
MA Mastercard Incorporated Common Stock $9,502,134 0.50% 18,501 $1,284,341 Up ×3
SPGI S&P Global Inc. Common Stock $9,402,751 0.50% 23,088 $1,343,058 Up ×2
UNH UnitedHealth Group Incorporated Common Stock (DE) $9,061,255 0.48% 21,800 $3,971,998 Up ×3
VEU Vanguard FTSE All World Ex US ETF $8,975,602 0.47% 107,387 $3,309,232 Up ×3
CI The Cigna Group Common Stock $8,817,168 0.47% 31,983 $1,161,520 Up ×2
MPLX MPLX LP Common Units Representing Limited Partner Interests $8,471,243 0.45% 150,386 $133,887 Up ×1
IVV iShares Trust $8,441,700 0.45% 11,272 $2,245,083 Up ×1
BX Blackstone Inc. Common Stock $7,736,332 0.41% 65,746 $1,204,555 Up ×2
AZN AstraZeneca PLC - American Depositary Shares $7,344,172 0.39% 38,731 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $7,308,477 0.39% 14,607 $1,916,519 Up ×3
TSLA Tesla, Inc. - Common Stock $7,196,256 0.38% 17,110 $1,130,783 Up ×3
ABBV AbbVie Inc. Common Stock $7,182,175 0.38% 28,533 $2,291,751 Up ×3
WMB Williams Companies, Inc. (The) Common Stock $6,993,901 0.37% 94,075 $256,220 Up ×3
IJR iShares Trust $6,801,903 0.36% 45,888 $2,233,110 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $6,771,710 0.36% 11,658 $4,501,838 Up ×3
PLD Prologis, Inc. Common Stock $6,666,040 0.35% 49,195 $1,108,003 Up ×3
INTC Intel Corporation - Common Stock $6,633,559 0.35% 47,542 $4,916,637 Up ×3
TSM Taiwan Semiconductor Manufacturing Company Ltd. $6,243,231 0.33% 13,109 $2,391,953 Up ×3
RTX RTX Corporation Common Stock $6,162,783 0.33% 32,482 $828,519 Up ×1
WMT Walmart Inc. - Common Stock $5,916,345 0.31% 52,225 $-266,212 Up ×3
DUK Duke Energy Corporation (Holding Company) Common Stock $5,892,105 0.31% 46,544 $813,006 Up ×3
CME CME Group Inc. - Class A Common Stock $5,869,698 0.31% 26,583 $-1,176,762 Up ×1
IEMG iShares, Inc. $5,622,130 0.30% 67,867 $622,101 Down ×1
UNP Union Pacific Corporation Common Stock $5,585,393 0.29% 20,534 $1,469,587 Up ×3
ETN Eaton Corporation, PLC Ordinary Shares $5,550,272 0.29% 13,030 $1,234,626 Up ×3
IVW iShares S&P 500 Growth ETF $5,465,579 0.29% 39,741 $-532,078 Down ×2
PEP PepsiCo, Inc. - Common Stock $5,424,748 0.29% 40,061 $-275,400 Up ×3
IWR iShares Russell Mid-Cap ETF $5,053,759 0.27% 45,810 $176,508 Down ×2
SM SM Energy Company Common Stock $4,984,030 0.26% 190,959 Up ×1
ASML ASML Holding N.V. - New York Registry Shares $4,895,950 0.26% 2,463 $1,748,412 Up ×3
APD Air Products and Chemicals, Inc. Common Stock $4,582,403 0.24% 15,630 $473,712 Up ×3
LMT Lockheed Martin Corporation Common Stock $4,541,304 0.24% 8,914 $-56,895 Up ×3
SBUX Starbucks Corporation - Common Stock $4,405,025 0.23% 43,106 $809,151 Up ×1
KMI Kinder Morgan, Inc. Common Stock $4,227,820 0.22% 132,224 $139,032 Up ×1
ABT Abbott Laboratories Common Stock $3,832,417 0.20% 42,229 $-485,370 Up ×1
MRK Merck & Company, Inc. Common Stock (new) $3,722,631 0.20% 28,968 $504,498 Up ×3
CSCO Cisco Systems, Inc. - Common Stock $3,627,535 0.19% 30,881 $1,380,141 Up ×3
COP ConocoPhillips Common Stock $3,610,251 0.19% 34,726 $830,991 Up ×3
AMGN Amgen Inc. - Common Stock $3,515,918 0.19% 9,709 $331,328 Up ×3
BAC Bank of America Corporation Common Stock $3,460,825 0.18% 60,690 $1,484,987 Up ×3
DE Deere & Company Common Stock $3,435,904 0.18% 5,417 $954,567 Up ×3
SPYG State Street SPDR Portfolio S&P 500 Growth ETF $3,397,878 0.18% 28,556 $601,960
ISRG Intuitive Surgical, Inc. - Common Stock $3,281,234 0.17% 8,246 $-1,323,134 Down ×1
ADP Automatic Data Processing, Inc. - Common Stock $3,268,774 0.17% 14,596 $1,544,792 Up ×3
MS Morgan Stanley Common Stock $3,241,500 0.17% 15,505 $836,639 Up ×3
INFQ Infleqtion, Inc. Common Stock $3,168,535 0.17% 237,878 Up ×1
NFLX Netflix, Inc. - Common Stock $2,692,030 0.14% 37,665 $-1,522,225 Down ×1
ENB Enbridge Inc Common Stock $2,680,359 0.14% 49,444 $3,461
VSS Vanguard FTSE All-Wld ex-US SmCp Idx ETF $2,556,898 0.13% 16,600 Up ×1
XLK SELECT SECTOR SPDR TRUST $2,532,963 0.13% 13,295 $724,726 Down ×2

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
VOO $124,805,540 6.59% up ×3
IEFA $73,556,847 3.88% up ×3
AAPL $69,705,645 3.68% up ×3
CVX $65,617,915 3.46% up ×3
NVDA $63,689,748 3.36% up ×3
XOM $50,425,284 2.66% up ×3
MSFT $44,644,134 2.36% up ×3
CAT $36,908,074 1.95% up ×3
GOOGL $34,316,516 1.81% up ×3
KLAC $34,276,258 1.81% up ×3
LLY $33,372,963 1.76% up ×3
IJH $31,766,074 1.68% up ×3
AMZN $29,958,491 1.58% up ×3
AVGO $28,947,061 1.53% up ×3
JPM $26,799,107 1.41% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
DMLP $21,284,136 842,225 1.12%
AZN $7,344,172 38,731 0.39%
SM $4,984,030 190,959 0.26%
INFQ $3,168,535 237,878 0.17%
VSS $2,556,898 16,600 0.13%
IGIB $1,511,412 28,370 0.08%
BSV $1,468,081 18,830 0.08%
USHY $839,061 22,662 0.04%
GIS $832,256 23,915 0.04%
IDEV $777,613 8,750 0.04%
TTWO $647,494 2,594 0.03%
IJK $627,920 5,344 0.03%
QLC $557,374 6,202 0.03%
LYV $556,170 3,039 0.03%
CNC $494,263 7,700 0.03%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
XOM Bought more +275K +$34.4M
VOO Bought more +12K +$23.4M
LRCX Trimmed -9K +$17.0M
KLAC Bought more +102K +$16.6M
AMAT Trimmed -3K +$15.7M
AAPL Bought more +23K +$14.5M
IEFA Bought more +105K +$14.2M
CAT Bought more +815 +$12.9M
NVDA Bought more +27K +$12.9M
KO Bought more +117K +$10.0M

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
AZN March 31, 2026 68,841 $6,328,553 -19.6%
HON June 30, 2026 11,253 $2,543,516 -4.9%
JNK March 31, 2026 12,853 $1,249,440 -3.0%
EFG Dec. 31, 2025 10,658 $1,213,733
SHOP March 31, 2026 5,234 $842,517 38.6%
CSGP March 31, 2026 11,995 $806,544 -31.5%
SPDW March 31, 2026 16,257 $721,973
NKE March 31, 2026 9,932 $632,768 -34.5%
VBTX Dec. 31, 2025 17,615 $590,631 No longer tracked
NVS June 30, 2026 3,733 $570,216 -10.2%
ADSK June 30, 2026 2,333 $558,520 19.0%
OFIX March 31, 2026 35,135 $532,647 -18.0%
TROW Dec. 31, 2025 4,489 $460,751 1.2%
DIV March 31, 2026 25,376 $439,512
CHD Dec. 31, 2025 4,787 $419,491 15.1%
ABNB March 31, 2026 2,984 $404,988 27.0%
CCB March 31, 2026 3,517 $403,013 -46.4%
ODFL Dec. 31, 2025 2,674 $376,446 13.5%
VICI Dec. 31, 2025 11,240 $366,536 -19.2%
VIOO March 31, 2026 3,060 $339,538 12.5%
KKR March 31, 2026 2,609 $332,595 -2.0%
IYW Dec. 31, 2025 1,626 $318,468 36.5%
GWRE March 31, 2026 1,547 $310,962 10.0%
JLL March 31, 2026 921 $309,889 -0.2%
MDLZ Dec. 31, 2025 4,865 $303,930 10.8%
IDEV March 31, 2026 3,591 $296,186
CTSH March 31, 2026 3,557 $295,231 -6.7%
DHI Dec. 31, 2025 1,742 $295,226 -5.1%
IAU June 30, 2026 3,303 $291,192 3.8%
PYPL Dec. 31, 2025 4,294 $287,956 -6.5%
GIS March 31, 2026 6,116 $284,394 -13.5%
IRM Dec. 31, 2025 2,771 $282,476 40.4%
OMC March 31, 2026 3,443 $278,022 -0.3%
CCI Dec. 31, 2025 2,880 $277,893 -23.2%
UI June 30, 2026 349 $275,811 17.3%
DLR Dec. 31, 2025 1,585 $274,015 19.4%
LB Dec. 31, 2025 5,000 $266,750 74.8%
KMB March 31, 2026 2,561 $258,379 0.3%
TTWO March 31, 2026 996 $255,006 2.5%
HIG March 31, 2026 1,848 $254,654 -6.2%
EQT June 30, 2026 3,994 $254,178 -1.3%
AZO June 30, 2026 75 $253,334 -9.3%
JAAA June 30, 2026 5,014 $252,555
SRLN June 30, 2026 6,280 $252,079
VST Dec. 31, 2025 1,281 $250,974 -0.5%
MTD March 31, 2026 179 $249,560 21.6%
AIG March 31, 2026 2,914 $249,286 -0.2%
AIRR March 31, 2026 2,515 $247,275
KEY Dec. 31, 2025 13,127 $245,344 -2.4%
AHR Dec. 31, 2025 5,735 $240,927 7.3%
TRMB June 30, 2026 3,652 $238,220 19.1%
AJG Dec. 31, 2025 769 $238,190 -11.2%
COIN June 30, 2026 1,364 $238,168 27.1%
AMP Dec. 31, 2025 483 $237,274 1.3%
ARE Dec. 31, 2025 2,847 $237,233 -6.2%
CRL March 31, 2026 1,189 $237,182 76.8%
TYL June 30, 2026 685 $234,530 13.1%
AKAM June 30, 2026 2,031 $233,260 -8.1%
AXON Dec. 31, 2025 325 $233,233 -26.3%
FICO March 31, 2026 137 $231,615 -34.9%
UI Dec. 31, 2025 349 $230,542 13.2%
STE March 31, 2026 901 $228,422 -5.6%
DTE Dec. 31, 2025 1,611 $227,790 -0.6%
PRU March 31, 2026 1,993 $224,970 16.2%
RMD June 30, 2026 994 $223,133 13.2%
TEL March 31, 2026 972 $221,140 5.0%
NDAQ March 31, 2026 2,268 $220,291 8.7%
ALB June 30, 2026 1,220 $219,027 -21.2%
EXPE June 30, 2026 935 $215,882 1.6%
APA June 30, 2026 5,064 $214,936 35.4%
RJF Dec. 31, 2025 1,243 $214,542 -0.7%
ALL Dec. 31, 2025 990 $212,504 7.7%
IT March 31, 2026 842 $212,420 16.8%
CVE June 30, 2026 8,000 $212,240 25.9%
FLG March 31, 2026 16,807 $211,605 -12.2%
IR Dec. 31, 2025 2,552 $210,846 0.0%
FISV June 30, 2026 3,775 $210,645 -7.3%
CMS Dec. 31, 2025 2,871 $210,341 -6.9%
NTAP March 31, 2026 1,958 $209,682 123.1%
BLDR Dec. 31, 2025 1,722 $208,793 -45.4%
VLO Dec. 31, 2025 1,204 $205,004 157.5%
B June 30, 2026 5,000 $203,950 10.9%
WDAY Dec. 31, 2025 847 $203,898 -13.1%
CBRE June 30, 2026 1,494 $202,377 -3.0%
CNC March 31, 2026 4,873 $200,524 97.3%
FLTR June 30, 2026 6,014 $153,237
KRP Dec. 31, 2025 10,975 $148,053 27.0%
ETV Dec. 31, 2025 10,270 $146,348 4.0%
THRO June 30, 2026 3,991 $144,554
PRME Dec. 31, 2025 25,000 $138,500 0.9%
VTRS Dec. 31, 2025 11,179 $110,669 40.9%
MLPA June 30, 2026 1,900 $102,353 2.8%
EPSN June 30, 2026 15,500 $95,480 10.4%
GFR Dec. 31, 2025 19,750 $91,245 30.5%
PRME June 30, 2026 25,000 $87,000 -5.1%
EPSN Dec. 31, 2025 15,500 $78,120 28.7%
SPHQ June 30, 2026 1,000 $75,190
PCT June 30, 2026 12,205 $63,344 -50.6%
TIPX June 30, 2026 2,750 $52,773
ISTB June 30, 2026 905 $43,856
STTK Dec. 31, 2025 12,235 $29,242 60.5%
MLPX June 30, 2026 394 $29,132 -3.7%
XAR June 30, 2026 110 $27,938
XME June 30, 2026 250 $27,003 1.2%
XSD June 30, 2026 80 $26,090
XPH June 30, 2026 475 $25,693
IAK June 30, 2026 200 $25,658
BOTZ June 30, 2026 750 $24,915
KCE June 30, 2026 175 $24,080
AIQ June 30, 2026 500 $23,335
IQLT June 30, 2026 500 $23,115
XYLD June 30, 2026 504 $19,722
QYLD June 30, 2026 1,010 $17,322
RYLD June 30, 2026 1,010 $15,100
DFAC June 30, 2026 311 $12,077
DCOR June 30, 2026 167 $12,068
DFEM June 30, 2026 180 $6,227