Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +4.1%
S&P 500 total return (same window) +37.0%
Excess return -32.9%

Annualized: +3.3% · 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: 98.3% · Options excluded: 56.0%

Sector breakdown

04
Technology 33.8%
Retail 16.7%
Health Care 13.7%
Materials 8.0%
Financials 6.0%
Industrials 5.0%
Communication Services 0.9%
Energy 0.0%
Other/Unmapped 15.9%

Full portfolio 42 positions

05
Type Streak 8Q trend
AMZN Amazon.com, Inc. - Common Stock $61,372,550 12.13% 257,500 $7,743,025
NVDA NVIDIA Corporation - Common Stock $58,026,100 11.47% 290,000 Call option
HSIC Henry Schein, Inc. - Common Stock $55,570,700 10.98% 665,358 $7,676,165 Up ×1
MSFT Microsoft Corporation - Common Stock $37,811,918 7.47% 101,367 $-14,517,904 Down ×2
QQQ Invesco QQQ Trust, Series 1 $36,820,000 7.28% 50,000 Put option $19,504,600 Up ×1
BALL Ball Corporation Common Stock $33,696,000 6.66% 540,000 $1,776,600
SPY SPY $28,003,875 5.53% 37,500 Put option $-427,234,125 Down ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $21,251,865 4.20% 44,500 Call option $-6,629,010 Down ×1
MSFT Microsoft Corporation - Common Stock $18,651,000 3.69% 50,000 Put option $12,913,365 Up ×1
SMWB Similarweb Ltd. Ordinary Shares $17,951,546 3.55% 2,928,474 $10,125,529 Down ×1
AMZN Amazon.com, Inc. - Common Stock $17,875,500 3.53% 75,000 Put option Up ×1
UBER Uber Technologies, Inc. Common Stock $15,997,872 3.16% 221,700 $-3,545,509 Down ×3
AAPL Apple Inc. - Common Stock $14,468,000 2.86% 50,000 Call option $6,854,300 Up ×1
HSIC Henry Schein, Inc. - Common Stock $12,528,000 2.48% 150,000 Call option $-6,258,130 Down ×1
GLD SPDR Gold Shares $9,762,070 1.93% 26,500 $6,104,605 Up ×2
DCOM Dime Community Bancshares, Inc. - Common Stock $7,926,750 1.57% 195,000 $336,155 Down ×1
AMZN Amazon.com, Inc. - Common Stock $5,362,650 1.06% 22,500 Call option $1,197,250 Up ×1
MCO Moody's Corporation Common Stock $4,755,660 0.94% 10,500 Up ×1
SSYS Stratasys, Ltd. - Common Stock $4,750,800 0.94% 555,000 $416,250
GOOGL Alphabet Inc. - Class A Common Stock $4,467,125 0.88% 12,500 $2,741,765 Up ×2
SPGI S&P Global Inc. Common Stock $4,276,230 0.85% 10,500 Up ×1
JPM JP Morgan Chase & Co. Common Stock $4,255,290 0.84% 13,000 $431,210
PACK Ranpak Holdings Corp Class A Common Stock $3,771,119 0.75% 515,885 $1,299,662 Down ×1
GS Goldman Sachs Group, Inc. (The) Common Stock $3,034,110 0.60% 3,000 $496,140
EMBJ Embraer S.A. Common Stock $2,552,000 0.50% 40,000 $623,450 Up ×1
XBI SPDR SERIES TRUST $2,373,750 0.47% 15,000 $457,800
KRE SPDR SERIES TRUST $2,320,350 0.46% 31,000 Call option Up ×1
NTB Bank of N.T. Butterfield & Son Limited (The) Voting Ordinary Shares $2,231,250 0.44% 37,500 $263,250
MS Morgan Stanley Common Stock $1,672,320 0.33% 8,000 Up ×1
FCX Freeport-McMoRan, Inc. Common Stock $1,572,250 0.31% 25,000 $102,750
GE GE Aerospace Common Stock $1,494,920 0.30% 4,000 Up ×1
IBM International Business Machines Corporation Common Stock $1,406,050 0.28% 5,000 Call option Up ×1
ASML ASML Holding N.V. - New York Registry Shares $1,392,608 0.28% 700
XLE SELECT SECTOR SPDR TRUST $1,327,750 0.26% 25,000 Up ×1
MSCI MSCI Inc. Common Stock $1,120,080 0.22% 2,000 Up ×1
AXP American Express Company Common Stock $1,014,750 0.20% 3,000
B Barrick Mining Corporation Common Shares $918,250 0.18% 25,000 $-509,400 Down ×1
AMGN Amgen Inc. - Common Stock $724,240 0.14% 2,000 Up ×1
NEM Newmont Corporation $467,000 0.09% 5,000
EW Edwards Lifesciences Corporation Common Stock $452,300 0.09% 5,000 Up ×1
APH Amphenol Corporation Common Stock $352,640 0.07% 2,000 Up ×1
SEI Solaris Energy Infrastructure, Inc. Class A Common Stock $201,150 0.04% 2,500 Up ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
NVDA $58,026,100 290,000 11.47%
AMZN $17,875,500 75,000 3.53%
MCO $4,755,660 10,500 0.94%
SPGI $4,276,230 10,500 0.85%
KRE $2,320,350 31,000 0.46%
MS $1,672,320 8,000 0.33%
GE $1,494,920 4,000 0.30%
IBM $1,406,050 5,000 0.28%
ASML $1,392,608 700 0.28%
XLE $1,327,750 25,000 0.26%
MSCI $1,120,080 2,000 0.22%
AXP $1,014,750 3,000 0.20%
AMGN $724,240 2,000 0.14%
NEM $467,000 5,000 0.09%
EW $452,300 5,000 0.09%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
QQQ Bought more +20K +$19.5M
MSFT Trimmed -40K -$14.5M
MSFT Bought more +34K +$12.9M
SMWB Trimmed -70K +$10.1M
AMZN Price move only +0 +$7.7M
HSIC Bought more +16K +$7.7M
AAPL Bought more +20K +$6.9M
TSM Trimmed -38K -$6.6M
HSIC Trimmed -105K -$6.3M
GLD Bought more +18K +$6.1M

1 position 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
QQQ Dec. 31, 2025 280,000 $168,103,600 21.2%
CSGP March 31, 2026 330,500 $22,222,820 -32.4%
APG Sept. 30, 2025 375,250 $19,156,513 18.7%
CCOI Dec. 31, 2025 335,982 $12,884,910 -61.6%
AMRZ Sept. 30, 2025 250,000 $12,387,500 -23.9%
UNF March 31, 2026 51,241 $9,884,389 1.1%
WDAY Dec. 31, 2025 39,993 $9,627,515 -13.4%
IAC March 31, 2026 206,129 $8,059,644 No longer tracked
TRMB June 30, 2026 70,000 $4,566,100 14.2%
NVDA Dec. 31, 2025 22,500 $4,198,050 27.0%
ASML Sept. 30, 2025 5,000 $4,006,950 90.9%
ANGI June 30, 2026 547,956 $3,753,499 4.0%
DE Sept. 30, 2025 6,500 $3,305,185 50.0%
TEAM March 31, 2026 20,000 $3,242,800 183.9%
META Sept. 30, 2025 4,000 $2,952,360 0.6%
SMH March 31, 2026 7,500 $2,700,975 64.6%
FCNCA June 30, 2025 1,000 $1,854,120 6.3%
C Sept. 30, 2025 20,000 $1,702,400 26.9%
GEV March 31, 2026 2,500 $1,633,925 12.1%
KBWB March 31, 2026 19,000 $1,601,510
USB June 30, 2026 30,000 $1,560,300 -5.2%
TMO June 30, 2026 3,000 $1,474,590 31.9%
RKT June 30, 2026 100,000 $1,425,000 -25.8%
BANC Sept. 30, 2025 100,000 $1,405,000 6.7%
AVGO Sept. 30, 2025 5,000 $1,378,250 8.4%
IWM Dec. 31, 2025 20,000 $1,300,000 14.0%
ET Dec. 31, 2025 75,000 $1,287,000 No longer tracked
NEM Dec. 31, 2025 15,000 $1,264,650 14.7%
WBS March 31, 2026 20,000 $1,258,800 No longer tracked
NU Sept. 30, 2025 90,000 $1,234,800 -4.4%
XBI June 30, 2025 15,000 $1,216,500 85.2%
NEM June 30, 2025 25,000 $1,207,000 96.6%
WAL Sept. 30, 2025 15,000 $1,169,700 -12.5%
AXP March 31, 2026 3,000 $1,109,850 -0.2%
ASML March 31, 2026 1,000 $1,069,860 39.9%
WBS June 30, 2025 20,000 $1,031,000 No longer tracked
CRWD Dec. 31, 2025 2,000 $980,760 -42.4%
JNJ June 30, 2026 4,000 $977,760 0.5%
FSLR Dec. 31, 2025 4,000 $882,120 -33.3%
COIN Dec. 31, 2025 2,500 $843,725 -15.5%
MCB June 30, 2025 15,000 $839,850 26.1%
TECK Sept. 30, 2025 20,000 $807,600 54.6%
BAC Dec. 31, 2025 15,000 $773,850 -1.3%
TKR Sept. 30, 2025 10,000 $725,500 59.9%
APO March 31, 2026 5,000 $723,800 2.7%
RRX Dec. 31, 2025 5,000 $717,200 14.0%
CSX Dec. 31, 2025 20,000 $710,200 30.1%
OPAD Sept. 30, 2025 771,885 $702,415 No longer tracked
DHR March 31, 2026 3,000 $686,760 14.2%
PFSI June 30, 2026 7,500 $655,500 -28.4%
VRT Dec. 31, 2025 4,000 $603,440 55.7%
KRNT June 30, 2026 40,000 $586,400 6.8%
VST Sept. 30, 2025 3,000 $581,430 -26.3%
GDOT Dec. 31, 2025 40,000 $537,200 -2.4%
TECK June 30, 2026 10,000 $517,500 14.1%
FSLR June 30, 2025 4,000 $505,720 5.2%
BCO June 30, 2025 5,000 $430,800 14.4%
HOOD Dec. 31, 2025 3,000 $429,540 1.1%
IBIT Sept. 30, 2025 5,000 $306,050 -24.8%
COHR Sept. 30, 2025 3,000 $267,630 206.0%
BLND March 31, 2026 25,800 $78,432 -38.2%
TBLAW March 31, 2026 45,000 $2,138 No longer tracked