Performance vs S&P 500

03
Tracked Q2 2025–Q2 2026 +13.9%
S&P 500 total return (same window) +21.7%
Excess return -7.8%

Annualized: +13.9% · S&P 500: +21.7%

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: 99.3% · Options excluded: 0.0%

Sector breakdown

04
Technology 14.1%
Energy 3.6%
Industrials 3.5%
Retail 2.2%
Communication Services 1.0%
Financials 0.4%
Health Care 0.1%
Other/Unmapped 74.8%

Full portfolio 45 positions

05
Type Streak 8Q trend
QQQ Invesco QQQ Trust, Series 1 $55,954,618 34.96% 75,984 $51,867,029 Up ×1
SPY SPY $49,479,487 30.92% 66,258 $8,053,479 Up ×1
TPL Texas Pacific Land Corporation Common Stock $5,256,056 3.28% 12,010 $-443,410
IYW iShares Trust $4,169,614 2.61% 16,531 $1,364,861 Up ×3
IGM iShares Trust $4,162,620 2.60% 25,447 $1,296,219 Up ×3
LRCX Lam Research Corporation - Common Stock $3,318,874 2.07% 7,659 $2,974,668 Up ×1
IDGT iShares Trust $3,245,792 2.03% 27,107 Up ×1
MU Micron Technology, Inc. - Common Stock $3,244,709 2.03% 2,811
AMD Advanced Micro Devices, Inc. - Common Stock $2,884,799 1.80% 4,966
INTC Intel Corporation - Common Stock $2,733,816 1.71% 19,579
AAPL Apple Inc. - Common Stock $2,508,751 1.57% 8,670 $1,386,492 Up ×1
AMZN Amazon.com, Inc. - Common Stock $1,853,570 1.16% 7,777 $1,181,066 Up ×1
AMAT Applied Materials, Inc. - Common Stock $1,563,126 0.98% 2,162 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $1,399,818 0.87% 3,917
NVDA NVIDIA Corporation - Common Stock $1,347,806 0.84% 6,736
KLAC KLA Corporation - Common Stock $1,324,507 0.83% 4,390 $497,013 Up ×2
AVGO Broadcom Inc. - Common Stock $1,272,640 0.80% 3,369
WMT Walmart Inc. - Common Stock $1,156,498 0.72% 10,211 Up ×1
ROK Rockwell Automation, Inc. Common Stock $1,013,429 0.63% 2,047 $332,275 Up ×2
PWR Quanta Services, Inc. Common Stock $997,975 0.62% 1,386 $73,425 Down ×1
EFA iShares Trust $990,807 0.62% 9,538 $207,551 Up ×2
GLD SPDR Gold Shares $930,160 0.58% 2,525 $45,053 Up ×2
MMM 3M Company Common Stock $929,040 0.58% 5,738 $202,019 Up ×2
CAT Caterpillar, Inc. Common Stock $920,074 0.57% 864 Up ×1
FIX Comfort Systems USA, Inc. Common Stock $915,661 0.57% 462 Up ×1
GEV GE Vernova Inc. Common Stock $903,467 0.56% 769 Up ×1
MSTR Strategy Inc - Class A Common Stock $730,212 0.46% 8,400 $-318,108
NXPI NXP Semiconductors N.V. - Common Stock $719,718 0.45% 2,561 Up ×1
HOMB Home BancShares, Inc. Common Stock $705,328 0.44% 24,705 $40,022
COST Costco Wholesale Corporation - Common Stock $580,927 0.36% 621 $-37,856
XOM Exxon Mobil Corporation Common Stock $524,595 0.33% 3,837 $-126,390
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF $414,309 0.26% 26,090 $-24,701 Up ×2
TXN Texas Instruments Incorporated - Common Stock $354,703 0.22% 1,190 $123,676
TSM Taiwan Semiconductor Manufacturing Company Ltd. $330,956 0.21% 693 $96,757
MSFT Microsoft Corporation - Common Stock $311,099 0.19% 834 $-11,689 Down ×3
TMUS T-Mobile US, Inc. - Common Stock $242,202 0.15% 1,444 $-61,081
ISRG Intuitive Surgical, Inc. - Common Stock $215,543 0.13% 542 $-34,314
VOO VANGUARD INDEX FUNDS $157,966 0.10% 230 $20,529
VTI VANGUARD INDEX FUNDS $142,095 0.09% 384 $18,904
VTV VANGUARD INDEX FUNDS $79,544 0.05% 365 $7,931
VXF VANGUARD INDEX FUNDS $24,621 0.02% 100 $4,041
VO VANGUARD INDEX FUNDS $10,313 0.01% 128 $1,123 Up ×1
VUG VANGUARD INDEX FUNDS $6,719 0.00% 78 $1,041 Up ×1
IWR iShares Trust $6,399 0.00% 58 $760
IWP iShares Trust $5,856 0.00% 40 $731

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
IYW $4,169,614 2.61% up ×3
IGM $4,162,620 2.60% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
IDGT $3,245,792 27,107 2.03%
MU $3,244,709 2,811 2.03%
AMD $2,884,799 4,966 1.80%
INTC $2,733,816 19,579 1.71%
AMAT $1,563,126 2,162 0.98%
GOOGL $1,399,818 3,917 0.87%
NVDA $1,347,806 6,736 0.84%
AVGO $1,272,640 3,369 0.80%
WMT $1,156,498 10,211 0.72%
CAT $920,074 864 0.57%
FIX $915,661 462 0.57%
GEV $903,467 769 0.56%
NXPI $719,718 2,561 0.45%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPY Bought more +3K +$8.1M
AAPL Bought more +4K +$1.4M
IYW Bought more +1K +$1.4M
IGM Bought more +1K +$1.3M
AMZN Bought more +5K +$1.2M
KLAC Bought more +4K +$497K
TPL Price move only +0 -$443K
ROK Bought more +149 +$332K
MSTR Price move only +0 -$318K
EFA Bought more +1K +$208K

2 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
IYG June 30, 2026 38,609 $3,198,370 2.3%
AVGO March 31, 2026 5,553 $1,921,893 14.7%
SOXX March 31, 2026 6,135 $1,847,555 79.2%
AMGN June 30, 2025 5,229 $1,629,095 44.4%
NVDA March 31, 2026 8,346 $1,556,529 34.1%
ADP June 30, 2025 4,751 $1,451,573 -16.4%
AEP June 30, 2025 13,036 $1,424,444 15.2%
SBUX June 30, 2025 14,450 $1,417,401 3.4%
CCEP June 30, 2025 16,235 $1,412,932 9.0%
VRSK June 30, 2025 4,739 $1,410,421 -47.4%
MNST June 30, 2025 23,961 $1,402,198 37.1%
GILD June 30, 2025 12,478 $1,398,160 30.5%
BKR June 30, 2025 31,621 $1,389,743 46.1%
DXCM Sept. 30, 2025 15,863 $1,384,681 26.9%
FTNT June 30, 2025 14,345 $1,380,850 71.2%
DASH June 30, 2025 7,417 $1,355,605 -23.3%
MCHP Dec. 31, 2025 20,963 $1,346,244 27.6%
CTSH June 30, 2025 17,589 $1,345,559 -25.0%
ADI June 30, 2025 6,615 $1,334,047 75.3%
INTU Dec. 31, 2025 1,940 $1,324,845 -57.6%
AZN June 30, 2025 18,004 $1,323,294 12.3%
CHTR Sept. 30, 2025 3,214 $1,313,915 -60.3%
SNPS Sept. 30, 2025 2,556 $1,310,410 -0.7%
AMD March 31, 2026 5,785 $1,238,916 211.6%
TTD Sept. 30, 2025 17,053 $1,227,645 -75.6%
MU March 31, 2026 4,289 $1,224,123 218.2%
APP March 31, 2026 1,767 $1,190,640 -32.6%
WDAY Sept. 30, 2025 4,895 $1,174,800 -22.7%
DASH Dec. 31, 2025 4,231 $1,150,790 -16.5%
TSLA March 31, 2026 2,398 $1,078,429 -0.3%
CDW Dec. 31, 2025 6,764 $1,077,370 -2.1%
PLTR March 31, 2026 5,758 $1,023,485 29.0%
FAST Dec. 31, 2025 20,833 $1,021,650 26.5%
INTC March 31, 2026 23,150 $854,235 170.4%
ROST March 31, 2026 4,514 $813,152 5.5%
CEG March 31, 2026 2,286 $807,575 -7.8%
MAR March 31, 2026 2,435 $755,434 9.8%
GOOG March 31, 2026 2,396 $751,865 18.6%
CRWD March 31, 2026 1,502 $704,078 -30.8%
CDNS March 31, 2026 2,100 $656,418 26.4%
ADSK March 31, 2026 2,136 $632,277 -11.4%
META Dec. 31, 2025 846 $621,285 10.3%
ZS March 31, 2026 2,553 $574,221 40.1%
NFLX March 31, 2026 5,392 $505,554 -30.3%
SHOP March 31, 2026 2,582 $415,625 27.6%
TLT June 30, 2026 4,479 $388,285
TTWO Sept. 30, 2025 1,567 $380,546 -21.5%
ORLY March 31, 2026 3,990 $363,928 -8.0%
EXC Sept. 30, 2025 8,206 $356,305 -9.5%
CTAS Sept. 30, 2025 1,594 $355,255 -6.0%
DIS March 31, 2026 2,868 $326,292 6.0%
ULTA March 31, 2026 526 $318,235 4.0%
IYG Dec. 31, 2025 3,434 $307,824 0.3%
STX March 31, 2026 1,053 $289,986 116.7%
BKNG Sept. 30, 2025 47 $272,094 -97.1%
CSCO June 30, 2025 4,318 $266,464 61.7%
META June 30, 2025 453 $261,091 -1.4%
NVDA June 30, 2025 2,359 $255,668 48.1%
MGK Sept. 30, 2025 556 $203,591 16.0%
MINT March 31, 2026 2,023 $202,988
MGV Sept. 30, 2025 1,011 $132,643
VBR Sept. 30, 2025 298 $58,113
VOT Sept. 30, 2025 171 $48,631
VOE Sept. 30, 2025 293 $48,187
GOOGL March 31, 2026 86 $26,918 19.5%
VBK Sept. 30, 2025 94 $26,032