Performance vs S&P 500

03
Tracked Q1 2025–Q1 2026 +12.6%
S&P 500 total return (same window) +19.3%
Excess return -6.7%

Annualized: +12.6% · S&P 500: +19.3%

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: 89.5% · Options excluded: 0.0%

Sector breakdown

04
Financials 23.5%
Retail 18.3%
Technology 12.0%
Energy 5.1%
Industrials 4.7%
Consumer Discretionary 3.8%
Consumer Staples 2.3%
Healthcare 2.3%
Communication Services 2.0%
Utilities 1.6%
Consumer products 0.9%
Real Estate 0.6%
Materials 0.5%
Other/Unmapped 22.3%

Full portfolio 145 positions

05
Type Streak 8Q trend
JKHY Jack Henry & Associates, Inc. - Common Stock $36,920,880 19.97% 233,617 $-4,670,585 Up ×1
WMT Walmart Inc. - Common Stock $16,255,984 8.79% 130,801 $1,702,515 Up ×1
ORLY O'Reilly Automotive, Inc. - Common Stock $13,572,155 7.34% 147,028 $152,793 Down ×2
NVDA NVIDIA Corporation - Common Stock $5,893,507 3.19% 33,793 $-393,602 Up ×2
AAPL Apple Inc. - Common Stock $5,260,150 2.84% 20,726 $-981,735 Down ×1
TMFC RBB Fund, Inc. $5,254,006 2.84% 79,642 $-353,482 Up ×5
MSFT Microsoft Corporation - Common Stock $4,512,341 2.44% 12,190 $-1,286,187 Up ×1
TSLA Tesla, Inc. - Common Stock $4,185,162 2.26% 11,258 $-867,442 Up ×1
RSPT Invesco Exchange-Traded Fund Trust $3,954,276 2.14% 87,368 $178,948 Up ×1
XOM Exxon Mobil Corporation Common Stock $2,481,915 1.34% 14,629 $584,241 Down ×2
CVX Chevron Corporation Common Stock $2,251,025 1.22% 10,880 $583,672 Down ×2
XLG Invesco Exchange-Traded Fund Trust $2,192,146 1.19% 40,186 $-84,384 Up ×1
SBUX Starbucks Corporation - Common Stock $2,036,128 1.10% 22,727 $119,848 Down ×1
FPE First Trust Exchange-Traded Fund III $1,978,859 1.07% 111,485 $-157,163 Down ×5
EMLP First Trust Exchange-Traded Fund IV $1,865,779 1.01% 42,734 $251,291 Up ×4
AMZN Amazon.com, Inc. - Common Stock $1,847,563 1.00% 8,871 $-262,363 Down ×1
SGOV iShares Trust $1,677,700 0.91% 16,667 $116,189 Up ×2
FVD First Trust Exchange-Traded Fund $1,657,008 0.90% 35,233 $20,799 Down ×3
PG Procter & Gamble Company (The) Common Stock $1,580,781 0.85% 10,944 $-2,786 Down ×4
RSPF Invesco Exchange-Traded Fund Trust $1,553,803 0.84% 21,765 $-49,139 Up ×4
VOO VANGUARD INDEX FUNDS $1,517,227 0.82% 2,539 $4,558 Up ×5
FPEI First Trust Exchange-Traded Fund III $1,454,685 0.79% 76,562 $-29,859
GLW Corning Incorporated Common Stock $1,418,749 0.77% 10,434 $557,772 Up ×1
LNG Cheniere Energy, Inc. Common Stock $1,414,366 0.76% 4,984 $494,245 Up ×1
RSPN Invesco Exchange-Traded Fund Trust $1,374,895 0.74% 23,878 $26,874 Up ×1
RDVY First Trust Rising Dividend Achievers ETF $1,331,460 0.72% 19,500 $-23,205
T AT&T Inc. $1,325,288 0.72% 45,715 $155,064 Down ×1
RSPH Invesco Exchange-Traded Fund Trust $1,311,731 0.71% 43,444 $-60,271 Up ×1
PM Philip Morris International Inc Common Stock $1,236,494 0.67% 7,478 $40,255 Up ×1
RSPD Invesco Exchange-Traded Fund Trust $1,169,170 0.63% 21,842 $-3,595 Up ×1
GE GE Aerospace Common Stock $1,125,678 0.61% 3,967 $-98,556 Down ×3
MU Micron Technology, Inc. - Common Stock $1,107,188 0.60% 3,277 $182,095 Up ×5
LMT Lockheed Martin Corporation Common Stock $1,099,280 0.59% 1,819 $221,132 Up ×2
CSX CSX Corporation - Common Stock $1,070,337 0.58% 26,074 $126,508 Up ×5
HD Home Depot, Inc. (The) Common Stock $1,061,768 0.57% 3,228 $-40,913 Up ×1
TSN Tyson Foods, Inc. Common Stock $1,047,801 0.57% 16,354 $89,130
AVGO Broadcom Inc. - Common Stock $927,930 0.50% 2,998 $-101,268 Up ×5
BX Blackstone Inc. Common Stock $926,097 0.50% 8,054 $-254,138 Up ×5
GEV GE Vernova Inc. Common Stock $912,235 0.49% 1,045 $226,609 Down ×2
RSPC Invesco Exchange-Traded Fund Trust $890,619 0.48% 23,812 $1,739 Up ×3
GOOGL Alphabet Inc. - Class A Common Stock $873,649 0.47% 3,038 $-76,819 Up ×4
LRCX Lam Research Corporation - Common Stock $853,971 0.46% 3,997 $170,675 Up ×5
MO Altria Group, Inc. $849,843 0.46% 12,878 $113,564 Up ×1
FCUS Tidal Trust II $836,895 0.45% 23,280 $106,366
ORCL Oracle Corporation Common Stock $822,161 0.44% 5,589 $-264,307 Up ×5
FEGE RBB Fund Trust $817,941 0.44% 17,403 $168,822 Up ×2
SPY SPY $793,415 0.43% 1,220 $-53,530 Down ×2
HYLS First Trust Tactical High Yield ETF $768,680 0.42% 18,947 $-24,441
JNJ Johnson & Johnson Common Stock $765,307 0.41% 3,131 $126,579 Up ×1
EPD Enterprise Products Partners L.P. Common Stock $755,828 0.41% 19,974 $124,936 Up ×5
JPM JP Morgan Chase & Co. Common Stock $726,596 0.39% 2,470 $-62,265 Up ×1
GS Goldman Sachs Group, Inc. (The) Common Stock $720,730 0.39% 852 $-19,928 Up ×2
RSPG Invesco Exchange-Traded Fund Trust $718,999 0.39% 6,568 $175,115 Down ×1
AMAT Applied Materials, Inc. - Common Stock $690,262 0.37% 2,020 $171,959 Up ×5
DUK Duke Energy Corporation (Holding Company) Common Stock $651,193 0.35% 4,973 $78,279 Up ×4
GILD Gilead Sciences, Inc. - Common Stock $647,433 0.35% 4,645 $89,276 Up ×5
CASY Caseys General Stores, Inc. - Common Stock $636,878 0.34% 875 $153,257
CSCO Cisco Systems, Inc. - Common Stock $629,071 0.34% 8,108 $5,780 Up ×1
LLY Eli Lilly and Company Common Stock $616,600 0.33% 670 $-90,895 Up ×2
BBN BlackRock Taxable Municipal Bond Trust Common Shares of Beneficial Interest $588,926 0.32% 36,421 $-5,463
VUG VANGUARD INDEX FUNDS $587,099 0.32% 1,344 $-76,320 Down ×1
AMLP ALPS ETF Trust $568,887 0.31% 10,807 $38,845 Down ×3
FIX Comfort Systems USA, Inc. Common Stock $566,040 0.31% 410 $183,138
SHLD Global X Funds $561,620 0.30% 7,928 $92,346 Up ×2
RSPS Invesco Exchange-Traded Fund Trust $547,048 0.30% 18,544 $40,213 Up ×3
ABBV AbbVie Inc. Common Stock $535,995 0.29% 2,464 $-18,956 Up ×5
COST Costco Wholesale Corporation - Common Stock $535,932 0.29% 538 $79,473 Up ×1
RSPU Invesco Exchange-Traded Fund Trust $533,785 0.29% 6,581 $70,822 Up ×1
COP ConocoPhillips Common Stock $531,860 0.29% 4,029 $141,098 Down ×2
BMY Bristol-Myers Squibb Company Common Stock $516,888 0.28% 8,522 $62,746 Up ×5
VIG VANGUARD SPECIALIZED FUNDS $503,765 0.27% 2,342 $-10,956
PGF Invesco Exchange-Traded Fund Trust $501,139 0.27% 36,420 $-13,840
AMGN Amgen Inc. - Common Stock $492,905 0.27% 1,401 $42,369 Up ×1
ATO Atmos Energy Corporation Common Stock $483,884 0.26% 2,620 $47,143 Up ×5
GLD SPDR Gold Shares $481,925 0.26% 1,120 $28,546 Down ×1
AXP American Express Company Common Stock $473,979 0.26% 1,567 $-82,534 Up ×5
BAC Bank of America Corporation Common Stock $473,511 0.26% 9,713 $-55,555 Up ×1
NEE NextEra Energy, Inc. Common Stock $465,314 0.25% 5,010 $71,697 Up ×2
GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Common Shares of Beneficial Interest $452,522 0.24% 31,208 $-13,108
O Realty Income Corporation Common Stock $451,117 0.24% 7,374 $40,041 Up ×5
RIO Rio Tinto Plc Common Stock $442,780 0.24% 4,746 $62,936
KO Coca-Cola Company (The) Common Stock $434,254 0.23% 5,710 $35,060
VOOG VANGUARD ADMIRAL FUNDS $426,851 0.23% 1,047 $-38,635
VOOV VANGUARD ADMIRAL FUNDS $426,532 0.23% 2,093 $-2,219
PSX Phillips 66 Common Stock $423,135 0.23% 2,323 $107,191 Down ×4
CP Canadian Pacific Kansas City Limited Common Shares $410,133 0.22% 5,214 $-47,404 Down ×1
WMB Williams Companies, Inc. (The) Common Stock $405,199 0.22% 5,567 $72,913 Up ×5
PFE Pfizer, Inc. Common Stock $401,289 0.22% 14,291 $44,263 Down ×1
D Dominion Energy, Inc. Common Stock $400,607 0.22% 6,480 $24,921 Up ×3
KLAC KLA Corporation - Common Stock $400,370 0.22% 272 $-12,176 Down ×1
OKE ONEOK, Inc. Common Stock $391,711 0.21% 4,334 $-11,217 Down ×1
WFC Wells Fargo & Company Common Stock $391,559 0.21% 4,918 $-64,533 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $390,069 0.21% 814 $22,129 Up ×1
COF Capital One Financial Corporation Common Stock $388,253 0.21% 2,128 $-126,189 Up ×3
COKE Coca-Cola Consolidated, Inc. - Common Stock $383,480 0.21% 2,000 $76,880
RTX RTX Corporation Common Stock $377,439 0.20% 1,957 $24,356 Up ×5
EVRG Evergy, Inc. - Common Stock $376,703 0.20% 4,598 $48,007 Up ×5
FDX FedEx Corporation Common Stock $374,800 0.20% 1,052 $70,979
VZ Verizon Communications Inc. Common Stock $372,156 0.20% 7,413 $-12,555 Down ×2
VTI VANGUARD INDEX FUNDS $365,082 0.20% 1,138 $-16,455

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
TMFC $5,254,006 2.84% up ×5
EMLP $1,865,779 1.01% up ×4
RSPF $1,553,803 0.84% up ×4
VOO $1,517,227 0.82% up ×5
MU $1,107,188 0.60% up ×5
CSX $1,070,337 0.58% up ×5
AVGO $927,930 0.50% up ×5
BX $926,097 0.50% up ×5
RSPC $890,619 0.48% up ×3
GOOGL $873,649 0.47% up ×4
LRCX $853,971 0.46% up ×5
ORCL $822,161 0.44% up ×5
EPD $755,828 0.41% up ×5
AMAT $690,262 0.37% up ×5
DUK $651,193 0.35% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
VLO $280,409 1,135 0.15%
DLR $235,535 1,307 0.13%
INTC $235,345 5,333 0.13%
BHP $224,413 3,085 0.12%
CMS $218,330 2,814 0.12%
DELL $215,826 1,315 0.12%
TXN $212,176 1,093 0.11%
ADI $207,550 652 0.11%
WEC $203,759 1,760 0.11%
NOC $201,866 296 0.11%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
JKHY Bought more +6K -$4.7M
WMT Bought more +171 +$1.7M
MSFT Bought more +200 -$1.3M
AAPL Trimmed -2K -$982K
TSLA Bought more +23 -$867K
XOM Trimmed -1K +$584K
CVX Trimmed -60 +$584K
GLW Bought more +601 +$558K
LNG Bought more +251 +$494K
NVDA Bought more +82 -$394K

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
NSC March 31, 2026 1,387 $400,357 10.6%
DFS June 30, 2025 2,072 $353,754 No longer tracked
UNH June 30, 2025 654 $342,332 19.2%
HYG Sept. 30, 2025 4,063 $327,701
DHR June 30, 2025 1,535 $314,632 8.4%
TIP Sept. 30, 2025 2,631 $289,515
SCHP Sept. 30, 2025 10,524 $280,780 -6.2%
EL March 31, 2026 2,650 $277,508 28.1%
LQD Sept. 30, 2025 2,396 $262,626
BIV Sept. 30, 2025 3,285 $254,062
IAU Sept. 30, 2025 3,899 $243,142 7.1%
IEF Sept. 30, 2025 2,521 $241,436
STWD Dec. 31, 2025 12,256 $237,392 -27.5%
CHTR Sept. 30, 2025 563 $230,160 -60.3%
BLV Sept. 30, 2025 3,232 $224,753
DLR Dec. 31, 2025 1,289 $222,762 15.4%
ISRG March 31, 2026 392 $222,013 -15.0%
FPA Sept. 30, 2025 6,178 $220,740
BA March 31, 2026 1,002 $217,554 -2.7%
MELI Sept. 30, 2025 83 $216,931 -27.4%
FBT June 30, 2025 1,229 $209,071
UNH Dec. 31, 2025 602 $207,752 12.7%
ISRG Sept. 30, 2025 382 $207,583 -12.4%
FEP Sept. 30, 2025 4,340 $207,452
ROK March 31, 2026 529 $205,636 26.6%
TLT June 30, 2025 2,256 $205,364
CMS June 30, 2025 2,732 $205,179 -8.0%
CMS Dec. 31, 2025 2,774 $203,208 -8.9%
WBD Sept. 30, 2025 10,278 $117,786 58.4%