Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +57.4%
S&P 500 total return (same window) +37.0%
Excess return +20.4%

Annualized: +43.8% · 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: 98.4% · Options excluded: 12.5%

Sector breakdown

04
Technology 36.5%
Industrials 17.0%
Communication Services 12.2%
Health Care 10.9%
Retail 7.3%
Consumer products 4.7%
Consumer Staples 3.7%
Consumer Discretionary 2.3%
Other/Unmapped 5.5%

Full portfolio 30 positions

05
Type Streak 8Q trend
AVGO Broadcom Inc. - Common Stock $82,014,410 13.59% 217,265 $79,047,488 Up ×3
TSM Taiwan Semiconductor Manufacturing Company Ltd. $73,179,806 12.13% 153,341 $10,596,858 Down ×1
ANET Arista Networks, Inc. Common Stock $71,142,802 11.79% 419,076 $19,412,288 Down ×4
WWD Woodward, Inc. - Common Stock $36,829,646 6.10% 86,629 Up ×1
APH Amphenol Corporation Common Stock $32,791,947 5.44% 186,110 $9,297,617 Up ×2
LLY Eli Lilly and Company Common Stock $31,464,199 5.22% 26,251 $7,419,147 Up ×2
NVDA NVIDIA Corporation - Common Stock $30,984,045 5.14% 154,959
EL Estee Lauder Companies, Inc. (The) Common Stock $28,060,729 4.65% 355,673 Up ×1
ADI Analog Devices, Inc. - Common Stock $27,844,356 4.62% 70,156 $1,980,424 Down ×1
CBOE Cboe Global Markets, Inc. Common Stock $25,925,206 4.30% 106,908 Up ×1
FIVE Five Below, Inc. - Common Stock $25,305,158 4.19% 140,847 Up ×1
HSY The Hershey Company Common Stock $22,283,385 3.69% 127,096 Up ×1
GMED Globus Medical, Inc. Class A Common Stock $18,807,009 3.12% 238,200 $-1,643,464 Up ×1
GEHC GE HealthCare Technologies Inc. - Common Stock $15,489,876 2.57% 242,161 $14,230,622 Up ×3
AMZN Amazon.com, Inc. - Common Stock $14,540,472 2.41% 61,050
VFC V.F. Corporation Common Stock $13,670,643 2.27% 820,157 Up ×1
GXO GXO Logistics, Inc. Common Stock $6,844,218 1.13% 135,089 $-1,621,579 Down ×1
MU Micron Technology, Inc. - Common Stock $6,119,222 1.01% 5,305 $1,991,808 Down ×3
TXT Textron Inc. Common Stock $5,790,436 0.96% 63,169 Up ×1
WCN Waste Connections, Inc. Common Shares $5,713,965 0.95% 34,303 Up ×1
WAB Westinghouse Air Brake Technologies Corporation Common Stock $5,515,657 0.91% 20,473 $698,877 Up ×1
Unknown issuer (CUSIP: 808513905) $5,181,370 0.86% 17,000 Call option Up ×1
JCI Johnson Controls International plc Ordinary Share $4,850,815 0.80% 33,223 $-1,759,317 Down ×1
ROST Ross Stores, Inc. - Common Stock $3,976,232 0.66% 18,694 Up ×1
GTLS Chart Industries, Inc. Common Stock $3,731,979 0.62% 17,874 $24,979
WBD Warner Bros. Discovery, Inc. - Series A Common Stock $2,757,378 0.46% 103,500 Up ×1
Unknown issuer (CUSIP: 934423954) $2,051,214 0.34% 20,890 Put option Up ×1
BRC Brady Corporation Common Stock $299,132 0.05% 3,269 Up ×1
Unknown issuer (CUSIP: 654106903) $87,544 0.01% 17,100 Call option $-1,267,993 Down ×1
Unknown issuer (CUSIP: 30303M902) $65,234 0.01% 4,080 Call option

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
AVGO $82,014,410 13.59% up ×3
GEHC $15,489,876 2.57% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
WWD $36,829,646 86,629 6.10%
NVDA $30,984,045 154,959 5.14%
EL $28,060,729 355,673 4.65%
CBOE $25,925,206 106,908 4.30%
FIVE $25,305,158 140,847 4.19%
HSY $22,283,385 127,096 3.69%
AMZN $14,540,472 61,050 2.41%
VFC $13,670,643 820,157 2.27%
TXT $5,790,436 63,169 0.96%
WCN $5,713,965 34,303 0.95%
Unknown issuer (CUSIP: 808513905) $5,181,370 17,000 0.86%
ROST $3,976,232 18,694 0.66%
WBD $2,757,378 103,500 0.46%
Unknown issuer (CUSIP: 934423954) $2,051,214 20,890 0.34%
BRC $299,132 3,269 0.05%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
ANET Trimmed -938 +$19.4M
TSM Trimmed -31K +$10.6M
APH Bought more +743 +$9.3M
LLY Bought more +190 +$7.4M
MU Trimmed -7K +$2.0M
ADI Trimmed -11K +$2.0M
JCI Trimmed -17K -$1.8M
GMED Bought more +2K -$1.6M
GXO Trimmed -28K -$1.6M
WAB Bought more +1K +$699K

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
META June 30, 2025 81,939 $47,226,362 -12.9%
TSM Sept. 30, 2025 132,480 $30,005,395 49.8%
DIS Dec. 31, 2025 254,970 $29,194,065 -1.1%
XYL March 31, 2026 199,927 $27,238,369 -9.0%
BKNG June 30, 2026 6,418 $27,106,298 -12.6%
NVST June 30, 2026 1,051,029 $26,747,954 -10.4%
TEL June 30, 2026 121,042 $25,379,282 3.2%
GRMN Sept. 30, 2025 116,210 $24,255,351 19.3%
T June 30, 2026 833,993 $24,253,031 1.1%
CME Sept. 30, 2025 86,050 $23,717,101 13.1%
FLS June 30, 2025 481,408 $23,511,966 30.3%
SPGI Sept. 30, 2025 44,098 $23,252,434
UBER March 31, 2026 272,382 $22,266,396 -7.3%
NFLX March 31, 2026 235,621 $22,101,813 -31.5%
ADSK March 31, 2026 74,092 $21,941,889 5.3%
GLW March 31, 2026 241,150 $21,124,641 -9.0%
DECK June 30, 2026 202,718 $20,353,467 -18.3%
MSFT June 30, 2026 51,818 $19,241,426 40.6%
GOOGL June 30, 2025 117,293 $18,138,189 81.7%
ADBE Dec. 31, 2025 47,086 $16,609,587 -24.6%
DT Sept. 30, 2025 270,615 $14,940,654 32.2%
AMZN June 30, 2025 77,976 $14,835,713 13.0%
NVDA June 30, 2025 127,341 $13,801,217 33.5%
TT June 30, 2025 29,526 $9,947,899 1.7%
CVS Dec. 31, 2025 131,950 $9,947,711 17.8%
UHS March 31, 2026 33,940 $7,402,944 4.4%
GEV June 30, 2026 6,285 $5,503,325 -30.6%
CRH June 30, 2025 44,608 $3,924,165 -7.5%
NKE Dec. 31, 2025 53,359 $3,720,723 -41.5%
WNS Dec. 31, 2025 47,498 $3,622,672 No longer tracked
HOLX June 30, 2026 47,376 $3,592,345 No longer tracked
AL June 30, 2026 53,629 $3,493,553 No longer tracked
SKX Sept. 30, 2025 54,225 $3,421,597 No longer tracked
ESGR Sept. 30, 2025 8,058 $2,710,388 No longer tracked
FOLD June 30, 2026 180,818 $2,622,801 No longer tracked
AVDX Dec. 31, 2025 228,987 $2,278,421 No longer tracked
OS June 30, 2026 76,906 $1,851,513 No longer tracked
CWAN June 30, 2026 76,841 $1,822,970 No longer tracked
EVRI Sept. 30, 2025 120,376 $1,714,154 No longer tracked
ZM Dec. 31, 2025 18,848 $1,554,960 11.0%
PYPL March 31, 2026 21,031 $1,228,344 26.1%
ROP June 30, 2026 1,734 $615,511 29.5%
SEE June 30, 2026 6,535 $275,655 No longer tracked
Q March 31, 2026 3,077 $251,350 -4.8%