Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +33.9%
S&P 500 total return (same window) +37.0%
Excess return -3.1%

Annualized: +26.3% · 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: 98.0% · Options excluded: 0.0%

Sector breakdown

04
Technology 33.7%
Financials 12.4%
Industrials 10.7%
Communication Services 10.6%
Healthcare 8.8%
Retail 6.7%
Consumer Discretionary 3.9%
Energy 3.6%
Utilities 2.2%
Materials 2.1%
Real Estate 2.0%
Consumer Staples 1.9%
Consumer products 1.0%
Other/Unmapped 0.5%

Full portfolio 1,027 positions

05
Type Streak 8Q trend
NVDA NVIDIA Corporation - Common Stock $708,691,568 6.74% 3,541,864 $45,068,002 Down ×3
AAPL Apple Inc. - Common Stock $635,200,757 6.04% 2,195,192 $40,754,531 Down ×5
MSFT Microsoft Corporation - Common Stock $420,774,394 4.00% 1,128,021 $-25,578,813 Down ×3
AMZN Amazon.com, Inc. - Common Stock $351,045,504 3.34% 1,472,877 $26,223,030 Down ×3
GOOGL Alphabet Inc. - Class A Common Stock $316,164,524 3.01% 884,698 $44,398,469 Down ×6
AVGO Broadcom Inc. - Common Stock $266,818,802 2.54% 706,337 $34,417,338 Down ×3
GOOG Alphabet Inc. - Class C Capital Stock $255,074,934 2.43% 721,917 $34,329,853 Down ×6
MU Micron Technology, Inc. - Common Stock $197,559,042 1.88% 171,152 $136,187,028 Down ×2
META Meta Platforms, Inc. - Class A Common Stock $187,995,784 1.79% 333,746 $-15,102,357 Down ×2
TSLA Tesla, Inc. - Common Stock $186,552,504 1.77% 443,539 $16,011,076 Down ×2
LLY Eli Lilly and Company Common Stock $145,391,306 1.38% 121,217 $25,589,424 Down ×3
AMD Advanced Micro Devices, Inc. - Common Stock $143,466,181 1.36% 246,968 $90,201,901 Down ×2
JPM JP Morgan Chase & Co. Common Stock $132,885,832 1.26% 405,969 $2,962,420 Down ×6
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $117,049,728 1.11% 233,917 $1,847,173 Down ×2
INTC Intel Corporation - Common Stock $92,968,446 0.88% 665,820 $61,254,377 Down ×2
JNJ Johnson & Johnson Common Stock $92,915,940 0.88% 365,854 $-2,722,188 Down ×2
AMAT Applied Materials, Inc. - Common Stock $87,025,341 0.83% 120,367 $42,941,951 Down ×6
XOM Exxon Mobil Corporation Common Stock $86,390,223 0.82% 631,877 $-30,146,856 Down ×6
V Visa Inc. $86,013,693 0.82% 250,703 $3,295,139 Down ×5
LRCX Lam Research Corporation - Common Stock $82,225,668 0.78% 189,753 $38,609,756 Down ×5
WMT Walmart Inc. - Common Stock $75,482,920 0.72% 666,457 $-12,427,657 Down ×3
CAT Caterpillar, Inc. Common Stock $73,445,088 0.70% 68,969 $20,110,802 Down ×6
CSCO Cisco Systems, Inc. - Common Stock $70,461,552 0.67% 599,877 $20,251,356 Down ×3
ABBV AbbVie Inc. Common Stock $67,645,614 0.64% 268,819 $5,001,751 Down ×2
COST Costco Wholesale Corporation - Common Stock $63,032,904 0.60% 67,381 $-8,874,467 Down ×3
MA Mastercard Incorporated Common Stock $62,992,527 0.60% 122,649 $-2,359,004 Down ×3
KLAC KLA Corporation - Common Stock $59,921,115 0.57% 198,605 $28,421,848 Up ×1
GE GE Aerospace Common Stock $58,609,460 0.56% 156,823 $10,619,981 Down ×6
BAC Bank of America Corporation Common Stock $57,217,378 0.54% 1,004,166 $5,162,567 Down ×3
UNH UnitedHealth Group Incorporated Common Stock (DE) $56,983,704 0.54% 137,102 $16,950,184 Down ×6
HD Home Depot, Inc. (The) Common Stock $53,414,444 0.51% 151,453 $174,060 Down ×3
PG Procter & Gamble Company (The) Common Stock $51,919,358 0.49% 354,060 $-3,240,689 Down ×2
SNDK Sandisk Corporation - Common Stock $50,240,338 0.48% 22,096 $35,502,991 Down ×1
MRK Merck & Company, Inc. Common Stock (new) $48,268,070 0.46% 375,627 $-335,827 Down ×2
GEV GE Vernova Inc. Common Stock $47,996,556 0.46% 40,853 $9,680,611 Down ×3
KO Coca-Cola Company (The) Common Stock $47,958,890 0.46% 590,118 $-125,396 Down ×3
CVX Chevron Corporation Common Stock $46,693,929 0.44% 281,696 $-16,327,811 Down ×3
NFLX Netflix, Inc. - Common Stock $45,484,228 0.43% 637,034 $-20,767,737 Down ×2
GS Goldman Sachs Group, Inc. (The) Common Stock $44,280,813 0.42% 43,783 $3,864,487 Down ×6
PM Philip Morris International Inc Common Stock $42,835,870 0.41% 236,780 $953,926 Down ×2
PANW Palo Alto Networks, Inc. - Common Stock $41,752,442 0.40% 122,434 $20,901,864 Down ×1
TXN Texas Instruments Incorporated - Common Stock $41,154,227 0.39% 138,069 $12,597,397 Down ×3
IBM International Business Machines Corporation Common Stock $40,171,130 0.38% 142,851 $3,504,553 Down ×3
MRVL Marvell Technology, Inc. - Common Stock $39,451,956 0.38% 132,438 $25,819,803 Down ×2
PLTR Palantir Technologies Inc. - Class A Common Stock $39,336,341 0.37% 337,159 $-12,613,539 Down ×2
RTX RTX Corporation Common Stock $38,857,273 0.37% 204,803 $-3,102,528 Down ×2
WFC Wells Fargo & Company Common Stock $38,437,186 0.37% 465,116 $-1,647,803 Down ×6
ORCL Oracle Corporation Common Stock $38,132,457 0.36% 260,201 $-2,129,343 Down ×2
LIN Linde plc - Ordinary Shares $36,332,546 0.35% 70,013 $-1,518,234 Down ×6
C Citigroup, Inc. Common Stock $36,203,733 0.34% 258,672 $4,245,022 Down ×6
MS Morgan Stanley Common Stock $35,571,501 0.34% 170,166 $5,216,236 Down ×2
APH Amphenol Corporation Common Stock $32,834,663 0.31% 186,222 $7,769,097 Down ×2
WDC Western Digital Corporation - Common Stock $32,779,749 0.31% 51,321 $17,823,274 Down ×3
GLW Corning Incorporated Common Stock $30,662,328 0.29% 120,042 $13,402,976 Down ×2
AMGN Amgen Inc. - Common Stock $29,676,096 0.28% 81,951 $-1,092,835 Down ×3
QCOM QUALCOMM Incorporated - Common Stock $29,600,956 0.28% 160,187 $7,211,523 Down ×2
ADI Analog Devices, Inc. - Common Stock $29,435,858 0.28% 74,114 $4,153,909 Down ×3
MCD McDonald's Corporation Common Stock $29,146,446 0.28% 107,826 $-6,974,811 Down ×6
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $29,075,634 0.28% 38,100 $13,386,227 Down ×2
RY Royal Bank Of Canada Common Stock $28,893,972 0.27% 139,585 $4,191,414 Down ×2
TMO Thermo Fisher Scientific Inc Common Stock $28,301,772 0.27% 56,450 $-1,877,187 Down ×6
PEP PepsiCo, Inc. - Common Stock $28,059,213 0.27% 207,232 $-6,538,312 Down ×2
NEE NextEra Energy, Inc. Common Stock $27,820,281 0.26% 316,968 $-3,683,221 Down ×2
AXP American Express Company Common Stock $27,267,686 0.26% 80,614 $709,337 Down ×6
ANET Arista Networks, Inc. Common Stock $26,935,833 0.26% 158,558 $6,342,803 Down ×2
VZ Verizon Communications Inc. Common Stock $26,915,538 0.26% 635,700 $-7,555,346 Down ×3
DIS Walt Disney Company (The) Common Stock $25,927,633 0.25% 269,378 $-1,909,609 Down ×2
TJX TJX Companies, Inc. (The) Common Stock $25,448,668 0.24% 167,978 $-3,593,576 Down ×2
ETN Eaton Corporation, PLC Ordinary Shares $25,141,932 0.24% 59,002 $2,361,572 Down ×6
BA Boeing Company (The) Common Stock $24,983,452 0.24% 115,413 $533,412 Down ×1
UNP Union Pacific Corporation Common Stock $24,509,920 0.23% 90,110 $928,226 Down ×6
WELL Welltower Inc. Common Stock $24,365,456 0.23% 107,351 $2,270,968 Down ×1
ABT Abbott Laboratories Common Stock $23,873,966 0.23% 263,103 $-5,030,411 Down ×2
GILD Gilead Sciences, Inc. - Common Stock $23,830,630 0.23% 188,623 $-4,389,287 Down ×2
DE Deere & Company Common Stock $23,777,860 0.23% 37,485 $1,409,781 Down ×6
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $23,214,350 0.22% 31 $-4,793,110 Down ×1
GRNT Granite Ridge Resources, Inc. Common Stock $23,124,642 0.22% 5,243,683 $-7,655,777
SCHW Charles Schwab Corporation (The) Common Stock $22,897,816 0.22% 248,161 $-2,619,164 Down ×2
BLK BlackRock, Inc. Common Stock $22,292,808 0.21% 23,184 $-1,552,791 Down ×3
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $21,548,450 0.20% 22,330 $12,215,552 Down ×1
UBER Uber Technologies, Inc. Common Stock $21,464,064 0.20% 297,451 $-2,071,864 Down ×2
T AT&T Inc. $21,291,917 0.20% 1,028,595 $-11,283,189 Down ×4
ISRG Intuitive Surgical, Inc. - Common Stock $21,284,629 0.20% 53,522 $-5,170,666 Down ×3
BKNG Booking Holdings Inc. - Common Stock $20,950,686 0.20% 117,542 $-1,309,276 Up ×1
PFE Pfizer, Inc. Common Stock $20,817,834 0.20% 864,528 $-5,118,089 Down ×3
TD Toronto Dominion Bank (The) Common Stock $20,279,430 0.19% 166,849 $3,149,317 Down ×2
CVS CVS Health Corporation Common Stock $20,158,887 0.19% 194,866 $5,534,252 Down ×2
DELL Dell Technologies Inc. Class C Common Stock $19,906,270 0.19% 46,137 $11,563,542 Down ×1
VRT Vertiv Holdings, LLC Class A Common Stock $19,502,930 0.19% 58,249 $4,006,561 Down ×2
PGR Progressive Corporation (The) Common Stock $19,374,986 0.18% 88,693 $495,005 Down ×3
COP ConocoPhillips Common Stock $19,249,650 0.18% 185,164 $-7,306,110 Down ×6
VRTX Vertex Pharmaceuticals Incorporated - Common Stock $19,174,771 0.18% 38,602 $748,298 Down ×6
PLD Prologis, Inc. Common Stock $19,170,225 0.18% 141,509 $-756,439 Down ×2
COF Capital One Financial Corporation Common Stock $18,989,686 0.18% 94,655 $764,381 Down ×4
CRM Salesforce, Inc. Common Stock $18,906,669 0.18% 120,686 $-8,765,478 Down ×3
APP Applovin Corporation - Class A Common Stock $18,773,951 0.18% 36,438 $3,352,247 Down ×6
LOW Lowe's Companies, Inc. Common Stock $18,769,211 0.18% 85,125 $-2,753,062 Down ×6
PH Parker-Hannifin Corporation Common Stock $18,746,648 0.18% 19,166 $343,200 Down ×3
SPGI S&P Global Inc. Common Stock $18,280,273 0.17% 44,886 $-2,675,804 Down ×6
DHR Danaher Corporation Common Stock $18,275,795 0.17% 95,946 $-1,127,300 Down ×6

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
MSTR $4,319,378 0.04% up ×6
RBRK $953,245 0.01% up ×3
IOT $581,502 0.01% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 438516205) $10,857,471 48,493 0.10%
Unknown issuer (CUSIP: 43849R105) $10,720,722 48,493 0.10%
Unknown issuer (CUSIP: G2004J103) $5,527,238 193,463 0.05%
Unknown issuer (CUSIP: 84615Q103) $4,716,590 27,605 0.04%
Unknown issuer (CUSIP: 26614N201) $2,844,687 20,972 0.03%
Unknown issuer (CUSIP: 314352105) $2,506,600 16,600 0.02%
CRDO $2,337,410 8,595 0.02%
STRL $1,316,116 1,568 0.01%
Unknown issuer (CUSIP: 884903881) $1,080,302 13,231 0.01%
FN $1,049,965 1,868 0.01%
IONQ $1,019,663 19,145 0.01%
GH $996,349 6,641 0.01%
TTMI $994,198 5,316 0.01%
NXT $919,999 7,722 0.01%
IAG $917,615 57,835 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
MU Trimmed -11K +$136.2M
AMD Trimmed -15K +$90.2M
INTC Trimmed -53K +$61.3M
NVDA Trimmed -263K +$45.1M
GOOGL Trimmed -60K +$44.4M
AMAT Trimmed -9K +$42.9M
AAPL Trimmed -147K +$40.8M
LRCX Trimmed -14K +$38.6M
SNDK Trimmed -1K +$35.5M
AVGO Trimmed -45K +$34.4M

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
HON June 30, 2026 103,354 $23,361,105 -4.2%
DB March 31, 2026 198,922 $7,735,290 17.7%
DFS June 30, 2025 41,338 $7,056,397 No longer tracked
IWB Sept. 30, 2025 20,700 $7,029,099
HES Sept. 30, 2025 46,187 $6,398,747 No longer tracked
ANSS Sept. 30, 2025 14,424 $5,065,997 No longer tracked
CCL June 30, 2026 186,283 $4,821,004 -10.0%
CTRA June 30, 2026 122,458 $4,303,174 No longer tracked
K Dec. 31, 2025 45,850 $3,760,617 No longer tracked
GOLD June 30, 2025 193,606 $3,758,452 90.4%
RYTM June 30, 2026 42,177 $3,668,134 -16.6%
DD June 30, 2026 67,949 $3,112,064 -3.3%
EXAS March 31, 2026 30,186 $3,065,690 No longer tracked
HOLX June 30, 2026 36,210 $2,737,114 No longer tracked
NN Sept. 30, 2025 166,085 $2,524,492 -2.6%
CYBR March 31, 2026 5,529 $2,466,266 No longer tracked
JNPR Sept. 30, 2025 53,416 $2,132,901 No longer tracked
CMA March 31, 2026 21,118 $1,835,788 No longer tracked
OLO Sept. 30, 2025 202,389 $1,801,262 No longer tracked
DAY March 31, 2026 25,397 $1,756,457 No longer tracked
IPG Dec. 31, 2025 61,562 $1,718,195 No longer tracked
ICLR March 31, 2026 8,677 $1,581,123 46.9%
SKX Sept. 30, 2025 21,620 $1,364,222 No longer tracked
WBA Sept. 30, 2025 117,912 $1,353,630 No longer tracked
TRI June 30, 2026 15,021 $1,351,465 18.1%
BERY June 30, 2025 19,069 $1,331,207 No longer tracked
BE Sept. 30, 2025 51,930 $1,242,166 237.0%
OMDA June 30, 2026 78,391 $985,375 -5.4%
DRH March 31, 2026 108,378 $971,067 32.6%
WIX Sept. 30, 2025 5,700 $903,222 -58.2%
TTAN Sept. 30, 2025 8,405 $900,848 -30.4%
ONTF June 30, 2026 98,579 $798,490 No longer tracked
ITCI June 30, 2025 5,500 $725,560 No longer tracked
COOP Dec. 31, 2025 3,317 $699,190 No longer tracked
MRP June 30, 2025 19,529 $517,714 -21.0%
QGEN (filed as QGENXXXX) March 31, 2026 11,265 $506,587 12.1%
X June 30, 2025 11,800 $498,668 No longer tracked
FYBR March 31, 2026 12,894 $490,875 No longer tracked
SSB (filed as SSBXXXX) Sept. 30, 2025 5,301 $487,851 2.2%
HIMS Sept. 30, 2025 9,720 $484,542 -48.0%
CFLT March 31, 2026 15,320 $463,277 No longer tracked
TRNO March 31, 2026 7,468 $438,446 5.2%
MASI June 30, 2026 2,382 $423,686 No longer tracked
AZEK Sept. 30, 2025 7,600 $413,060 No longer tracked
CORT Dec. 31, 2025 4,968 $412,890 241.2%
LQDA June 30, 2026 10,911 $411,781 -66.3%
PARA Sept. 30, 2025 31,724 $409,240
UDMY June 30, 2026 82,450 $380,919 No longer tracked
LNWO Dec. 31, 2025 4,375 $367,238 No longer tracked
SNV March 31, 2026 7,330 $366,867 No longer tracked
AL June 30, 2026 5,505 $357,495 No longer tracked
DUOL March 31, 2026 2,000 $351,000 46.9%
SEE June 30, 2026 7,900 $332,195 No longer tracked
DOCS March 31, 2026 7,002 $310,049 22.9%
LBRDK June 30, 2026 5,890 $296,267 No longer tracked
RYAN March 31, 2026 5,500 $283,965 11.9%
GTLB March 31, 2026 7,407 $277,985 133.5%
APPF March 31, 2026 1,162 $270,339 32.6%
MORN March 31, 2026 1,243 $270,116 9.0%
VNOM (filed as VNOMXXXX) Sept. 30, 2025 6,829 $260,390 6.6%
BRKR March 31, 2026 5,460 $257,221 75.2%
SRPT Sept. 30, 2025 14,971 $256,004 -9.3%
EXLS June 30, 2026 8,364 $254,684 39.4%
LOPE June 30, 2026 1,471 $250,114 7.9%
BFAM June 30, 2026 3,005 $246,801 -8.8%
VVV Dec. 31, 2025 6,863 $246,450 4.2%
BRBR Dec. 31, 2025 6,708 $243,836 -71.1%
POST June 30, 2026 2,447 $241,910 -17.0%
SPR Dec. 31, 2025 6,174 $238,316 No longer tracked
LLYVK (filed as LLYVKXXXX) Dec. 31, 2025 2,418 $234,473 18.8%
BILL March 31, 2026 4,269 $232,831 16.1%
EPR Dec. 31, 2025 3,995 $231,750 13.0%
KRC March 31, 2026 6,200 $231,694 18.5%
PSN Dec. 31, 2025 2,789 $231,264 -32.7%
RYN June 30, 2025 8,261 $230,317 -17.9%
NWS Dec. 31, 2025 6,600 $228,030 7.1%
FMC Dec. 31, 2025 6,700 $225,321 -35.7%
APLS June 30, 2026 5,600 $225,288 No longer tracked
BRKR Sept. 30, 2025 5,460 $224,952 94.8%
DLB Dec. 31, 2025 3,100 $224,347 -8.2%
ALGM Sept. 30, 2025 6,505 $222,406 31.4%
AGO March 31, 2026 2,461 $221,170 -15.2%
FOUR March 31, 2026 3,508 $220,899 -13.3%
ELF March 31, 2026 2,900 $220,516 73.5%
RYN Dec. 31, 2025 8,261 $219,247 -15.8%
AMTM June 30, 2026 8,339 $217,481 -10.7%
EEFT Sept. 30, 2025 2,144 $217,359 -26.0%
AMTM Sept. 30, 2025 9,183 $216,811 -22.9%
KRMN June 30, 2026 2,697 $215,895 -32.1%
RHI Sept. 30, 2025 5,227 $214,568 3.4%
PVH Dec. 31, 2025 2,560 $214,451 11.4%
KMPR Sept. 30, 2025 3,300 $212,982 -49.3%
CXM Sept. 30, 2025 24,986 $211,382 -31.8%
WLK June 30, 2026 1,800 $210,276 -13.2%
HLNE June 30, 2026 2,112 $209,933 9.0%
WHR March 31, 2026 2,900 $209,206 -44.2%
GLOB Sept. 30, 2025 2,300 $208,932 -37.7%
PEGA June 30, 2026 4,902 $208,629 15.0%
FRPT June 30, 2025 2,500 $207,925 -10.6%
PRGO June 30, 2025 7,400 $207,496 -46.4%
BF-B (filed as BFB) June 30, 2026 7,807 $206,417 No longer tracked
BHF March 31, 2026 3,142 $203,570 -15.8%
WFRD June 30, 2025 3,800 $203,490 63.0%
GFS Sept. 30, 2025 5,300 $202,460 34.2%
WSC Dec. 31, 2025 9,572 $202,065 -9.5%
INSP Sept. 30, 2025 1,552 $201,403 -5.8%
SLGN Dec. 31, 2025 4,670 $200,857 -14.0%
VKTX March 31, 2026 5,700 $200,526 -8.6%
SGMT June 30, 2025 54,283 $176,963 15.2%
DNB Sept. 30, 2025 16,300 $148,167 No longer tracked
LCID (filed as LCIDXXXX) Sept. 30, 2025 65,665 $138,553 -82.7%
XRAY June 30, 2026 10,595 $122,902 -18.4%
PK June 30, 2026 10,380 $109,301 7.8%
DM June 30, 2025 18,050 $88,626 No longer tracked
FLO June 30, 2026 10,300 $83,945 -30.3%
NWL June 30, 2026 22,333 $76,602 -11.5%
UA June 30, 2025 11,149 $66,337 -30.3%
UAA June 30, 2026 10,000 $59,100 -27.1%
CLVT June 30, 2026 18,713 $47,344 -31.8%
COTY June 30, 2026 18,249 $36,680 26.4%
ALLK June 30, 2025 65,048 $14,805 No longer tracked
RLYB March 31, 2026 13,240 $9,084 90.4%