Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +38.2%
S&P 500 total return (same window) +37.0%
Excess return +1.2%

Annualized: +29.6% · 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: 92.1% · Options excluded: 0.0%

Sector breakdown

04
Industrials 30.9%
Financials 12.2%
Technology 11.2%
Healthcare 6.9%
Energy 3.8%
Communication Services 3.4%
Consumer Staples 2.4%
Utilities 2.3%
Real Estate 2.0%
Consumer Discretionary 1.6%
Consumer products 1.3%
Materials 1.1%
Retail 0.5%
Other/Unmapped 20.4%

Full portfolio 130 positions

05
Type Streak 8Q trend
HUBB Hubbell Inc Common Stock $149,576,598 17.54% 285,888 $9,279,924
IJR iShares Trust $53,406,892 6.26% 360,103 $8,321,135 Down ×2
GLW Corning Incorporated Common Stock $38,042,722 4.46% 148,936 $15,319,148 Down ×6
AGG iShares Trust $33,749,224 3.96% 340,970 $-310,105 Down ×1
AAPL Apple Inc. - Common Stock $32,917,591 3.86% 113,760 $3,096,258 Down ×6
UBSI United Bankshares, Inc. - Common Stock $32,682,794 3.83% 713,131 $3,245,268 Up ×1
JPM JP Morgan Chase & Co. Common Stock $32,027,933 3.76% 97,846 $3,145,246 Down ×6
MSFT Microsoft Corporation - Common Stock $25,315,354 2.97% 67,866 $-109,768 Down ×1
CSCO Cisco Systems, Inc. - Common Stock $20,841,281 2.44% 177,433 $6,302,605 Down ×6
IRM Iron Mountain Incorporated (Delaware)Common Stock REIT $17,016,599 2.00% 134,721 $2,549,904 Down ×6
CMI Cummins Inc. Common Stock $15,337,578 1.80% 21,505 $2,885,130 Down ×4
TXN Texas Instruments Incorporated - Common Stock $14,899,631 1.75% 49,987 $4,746,114 Down ×6
CVX Chevron Corporation Common Stock $14,362,767 1.68% 86,648 $-4,313,898 Down ×4
JNJ Johnson & Johnson Common Stock $13,852,554 1.62% 54,544 $-256,767 Down ×6
AMGN Amgen Inc. - Common Stock $12,585,119 1.48% 34,754 $-177,196 Down ×6
DOV Dover Corporation Common Stock $12,538,376 1.47% 55,905 $424,921 Down ×6
PG Procter & Gamble Company (The) Common Stock $11,391,578 1.34% 77,684 $140,722 Down ×1
WM Waste Management, Inc. Common Stock $11,324,757 1.33% 50,811 $-684,067 Down ×6
GD General Dynamics Corporation Common Stock $11,046,263 1.30% 31,183 $-42,835 Down ×6
IVW iShares S&P 500 Growth ETF $10,882,337 1.28% 79,127 $2,262,677 Up ×1
MCD McDonald's Corporation Common Stock $10,275,299 1.21% 38,013 $-1,699,750 Down ×6
EOG EOG Resources, Inc. Common Stock $10,274,219 1.20% 79,197 $-1,531,666 Down ×1
ABT Abbott Laboratories Common Stock $9,838,588 1.15% 108,426 $-1,028,100 Up ×2
APD Air Products and Chemicals, Inc. Common Stock $9,748,537 1.14% 33,251 $-187,073 Down ×1
KLAC KLA Corporation - Common Stock $9,452,574 1.11% 31,330 $4,653,990 Up ×1
V Visa Inc. $9,372,529 1.10% 27,318 $2,827,525 Up ×2
BLK BlackRock, Inc. Common Stock $9,128,093 1.07% 9,493 $-225,498 Down ×1
VO Vanguard Morningstar Mid-Cap ETF $8,618,573 1.01% 106,970 $352,384 Up ×1
AFL AFLAC Incorporated Common Stock $8,572,534 1.01% 73,113 $597,601 Up ×2
PEP PepsiCo, Inc. - Common Stock $8,494,991 1.00% 62,740 $-1,154,117 Up ×2
VNQ Vanguard Real Estate ETF $8,172,251 0.96% 84,748 $1,013,271 Up ×3
ITW Illinois Tool Works Inc. Common Stock $8,076,782 0.95% 29,862 $434,146 Up ×2
SHV iShares 0-1 Year Treasury Bond ETF $7,935,158 0.93% 71,909 $-44,936 Down ×2
GILD Gilead Sciences, Inc. - Common Stock $7,759,550 0.91% 61,418 $-897,979 Down ×4
AWK American Water Works Company, Inc. Common Stock $7,665,330 0.90% 58,256 $-41,859 Up ×2
XOM Exxon Mobil Corporation Common Stock $7,424,718 0.87% 54,306 $-1,750,834 Up ×1
HSY The Hershey Company Common Stock $7,228,370 0.85% 41,199 $-1,297,399 Up ×1
HON Honeywell International Inc. - Common Stock $7,177,328 0.84% 39,138 $-1,489,778 Up ×2
LMT Lockheed Martin Corporation Common Stock $6,950,057 0.82% 13,642 $-1,437,064 Down ×4
CME CME Group Inc. - Class A Common Stock $6,924,124 0.81% 31,355 $-1,985,117 Up ×1
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF $6,672,474 0.78% 127,313 $444,377 Up ×6
SYK Stryker Corporation Common Stock $6,495,776 0.76% 20,632 $1,518,956 Up ×1
ATO Atmos Energy Corporation Common Stock $6,353,155 0.75% 36,879 $1,287,946 Up ×1
VB Vanguard Morningstar Small-Cap ETF $5,054,829 0.59% 16,676 $481,967 Down ×2
IJK iShares Trust $5,009,848 0.59% 42,637 $1,882,980 Up ×4
VTI Vanguard Morningstar Total Stock Market ETF $4,921,532 0.58% 13,300 $109,382 Down ×2
KO Coca-Cola Company (The) Common Stock $4,067,726 0.48% 50,052 $261,270
NVDA NVIDIA Corporation - Common Stock $3,762,493 0.44% 18,804 $348,264 Down ×5
TSLA Tesla, Inc. - Common Stock $3,321,899 0.39% 7,898 $385,816
VTV Vanguard Morningstar Value ETF $3,128,821 0.37% 14,357 $440,685 Up ×1
MU Micron Technology, Inc. - Common Stock $3,047,326 0.36% 2,640 $2,145,294 Down ×1
SPY SPY $2,716,749 0.32% 3,638 $350,812
VUG Vanguard Morningstar Growth ETF $2,440,001 0.29% 28,326 $442,124 Up ×1
EFA iShares Trust $2,291,073 0.27% 22,055 $-110,952 Down ×1
AMZN Amazon.com, Inc. - Common Stock $2,126,707 0.25% 8,923 $223,743 Down ×6
LLY Eli Lilly and Company Common Stock $2,100,201 0.25% 1,751 $457,491 Down ×1
EMXC iShares MSCI Emerging Markets ex China ETF $2,048,045 0.24% 20,020 $390,286 Down ×5
BIV VANGUARD BOND INDEX FUNDS $2,017,210 0.24% 26,300 $300,032 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $1,895,970 0.22% 5,366 $291,562 Down ×3
GOOGL Alphabet Inc. - Class A Common Stock $1,784,706 0.21% 4,994 $301,472 Down ×5
AEP American Electric Power Company, Inc. - Common Stock $1,700,823 0.20% 12,432 $71,236
VXUS Vanguard Total International Stock ETF $1,581,565 0.19% 18,500 $39,365 Down ×1
ABBV AbbVie Inc. Common Stock $1,530,224 0.18% 6,081 $-37,227 Down ×3
INTC Intel Corporation - Common Stock $1,506,327 0.18% 10,788 $1,030,252
IWF iShares Russell 1000 Growth Fund $1,478,120 0.17% 11,904 $209,154 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $1,452,275 0.17% 2,500 $1,022,632 Up ×1
VZ Verizon Communications Inc. Common Stock $1,433,718 0.17% 33,862 $-26,852 Up ×1
VBK Vanguard Morningstar Small-Cap Growth ETF $1,393,684 0.16% 3,811 $556,450 Up ×1
TFC Truist Financial Corporation Common Stock $1,345,140 0.16% 27,000 $103,950
APP Applovin Corporation - Class A Common Stock $1,290,652 0.15% 2,505 $267,792 Down ×1
IEFA iShares Core MSCI EAFE ETF $1,272,249 0.15% 13,173 $487,082 Up ×2
T AT&T Inc. $1,227,615 0.14% 59,305 $-53,163 Up ×1
SO Southern Company (The) Common Stock $1,195,610 0.14% 12,492 $84,086 Up ×1
MUB iShares Trust $1,180,700 0.14% 10,971 $18,145 Up ×1
DELL Dell Technologies Inc. Class C Common Stock $1,056,214 0.12% 2,448 Up ×1
BMY Bristol-Myers Squibb Company Common Stock $1,051,450 0.12% 18,248 $-46,193 Up ×1
PFE Pfizer, Inc. Common Stock $1,025,038 0.12% 42,568 $-171,760 Down ×1
HD Home Depot, Inc. (The) Common Stock $1,020,303 0.12% 2,893 $46,129 Down ×2
DIA State Street SPDR Dow Jones Industrial Average ETF Trust $1,015,526 0.12% 1,944 $115,085
META Meta Platforms, Inc. - Class A Common Stock $921,545 0.11% 1,636 $-52,793 Down ×5
GE GE Aerospace Common Stock $913,396 0.11% 2,444 $241,145 Up ×1
BSV VANGUARD BOND INDEX FUNDS $903,756 0.11% 11,600 $38,580 Up ×1
Unknown issuer (CUSIP: 84615Q103) $871,386 0.10% 5,100 Up ×1
IJH iShares Trust $830,243 0.10% 10,767 $103,147
MO Altria Group, Inc. $801,595 0.09% 11,141 $62,178 Down ×2
DUK Duke Energy Corporation (Holding Company) Common Stock $798,087 0.09% 6,305 $-27,489
MS Morgan Stanley Common Stock $774,075 0.09% 3,703 $159,241 Down ×2
WMT Walmart Inc. - Common Stock $742,986 0.09% 6,560 $-270,021 Down ×4
IVV iShares Trust $718,934 0.08% 960 $68,337 Down ×1
GEV GE Vernova Inc. Common Stock $716,664 0.08% 610 $199,907 Up ×1
ALL Allstate Corporation (The) Common Stock $713,820 0.08% 3,000 $91,800
ED Consolidated Edison, Inc. Common Stock $713,564 0.08% 6,450 $-16,447
DGX Quest Diagnostics Incorporated Common Stock $662,131 0.08% 3,124 $49,889
MMM 3M Company Common Stock $609,753 0.07% 3,766 $120,909 Up ×1
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $603,465 0.07% 858 $74,284
MRK Merck & Company, Inc. Common Stock (new) $585,061 0.07% 4,553 $37,380
TRVI Trevi Therapeutics, Inc. - Common Stock $581,880 0.07% 31,200 $209,664
QTUM Defiance Quantum ETF $581,477 0.07% 3,516 $200,991 Down ×2
ASML ASML Holding N.V. - New York Registry Shares $576,937 0.07% 290 $193,896
NEE NextEra Energy, Inc. Common Stock $553,039 0.06% 6,301 $-63,963 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
VNQ $8,172,251 0.96% up ×3
IGSB $6,672,474 0.78% up ×6
IJK $5,009,848 0.59% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
DELL $1,056,214 2,448 0.12%
Unknown issuer (CUSIP: 84615Q103) $871,386 5,100 0.10%
CIEN $355,656 725 0.04%
IBM $343,357 1,221 0.04%
EEM $236,220 3,453 0.03%
XLK $228,243 1,198 0.03%
CSX $205,615 4,326 0.02%
COF $204,432 1,019 0.02%
KZIA $180,941 12,851 0.02%
AIRS $96,750 21,500 0.01%
LCTX $27,733 21,170 0.00%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
GLW Trimmed -18K +$15.3M
HUBB Price move only +0 +$9.3M
IJR Trimmed -3K +$8.3M
CSCO Trimmed -10K +$6.3M
TXN Trimmed -2K +$4.7M
KLAC Bought more +28K +$4.7M
CVX Trimmed -4K -$4.3M
UBSI Bought more +2K +$3.2M
JPM Trimmed -341 +$3.1M
AAPL Trimmed -4K +$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
XLK June 30, 2025 5,260 $1,086,085 59.5%
BRK-A (filed as BRKA) Sept. 30, 2025 1 $728,800 No longer tracked
RSG Sept. 30, 2025 2,718 $670,286 -6.4%
SDY Sept. 30, 2025 4,529 $614,721
GRMN Sept. 30, 2025 2,500 $521,800 13.4%
CAT Sept. 30, 2025 1,342 $520,978 81.0%
USB June 30, 2025 12,328 $520,488 26.6%
UPS June 30, 2025 4,732 $520,474 -7.8%
YUM Sept. 30, 2025 3,200 $474,176 -8.0%
NFLX March 31, 2026 4,700 $440,672 -28.6%
TGT June 30, 2025 3,448 $359,833 56.4%
BKNG March 31, 2026 65 $348,097 -6.4%
IBB June 30, 2026 1,908 $322,166 6.8%
UNH Sept. 30, 2025 1,028 $320,707 9.0%
TJX Sept. 30, 2025 2,450 $302,551 -5.2%
GIS Sept. 30, 2025 5,500 $284,955 -36.2%
XYL Sept. 30, 2025 2,200 $284,592 -29.1%
RTX June 30, 2025 2,087 $276,445 25.5%
PANW March 31, 2026 1,430 $263,406 161.9%
AVGO June 30, 2025 1,569 $262,699 36.3%
LOW March 31, 2026 1,027 $247,671 -22.3%
COF March 31, 2026 1,019 $246,965 7.3%
IWB March 31, 2026 650 $242,736
NSC June 30, 2025 994 $235,429 23.6%
ADP March 31, 2026 903 $232,280 29.1%
WK March 31, 2026 2,639 $227,615 17.7%
CTVA Sept. 30, 2025 3,003 $223,814 -79.4%
CL Sept. 30, 2025 2,400 $218,160 9.1%
INTU Sept. 30, 2025 273 $215,023 -57.6%
IBM March 31, 2026 705 $208,828 -8.7%
ZBH June 30, 2025 1,838 $208,025 -1.7%
IBM Sept. 30, 2025 705 $207,820 -21.6%
FWONK March 31, 2026 2,100 $206,872 12.4%
XLK March 31, 2026 1,424 $205,013 52.0%
ZTS March 31, 2026 1,600 $201,312 -39.7%
ORCL Dec. 31, 2025 712 $200,242 -25.7%
CRDF June 30, 2026 22,411 $36,305 -17.7%
VOR (filed as VORXXXX) June 30, 2025 15,300 $10,977 -43.5%
ATYR Dec. 31, 2025 11,970 $8,636 -63.8%