Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +8.4%
S&P 500 total return (same window) +37.0%
Excess return -28.6%

Annualized: +6.7% · 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: 100.0% · Options excluded: 0.0%

Sector breakdown

04
Technology 29.7%
Industrials 17.2%
Financials 15.2%
Communication Services 10.4%
Healthcare 8.3%
Retail 7.0%
Consumer Discretionary 3.9%
Consumer products 3.1%
Energy 2.1%
Real Estate 1.4%
Utilities 1.4%
Materials 0.1%

Full portfolio 53 positions

05
Type Streak 8Q trend
GOOG Alphabet Inc. - Class C Capital Stock $23,996,760 5.78% 67,916 $2,452,140 Down ×5
TSM Taiwan Semiconductor Manufacturing Company Ltd. $23,777,733 5.72% 49,789 $-1,065,985 Down ×3
ASML ASML Holding N.V. - New York Registry Shares $22,502,556 5.42% 11,311 $5,370,070 Down ×4
NVDA NVIDIA Corporation - Common Stock $18,508,525 4.45% 92,501 Up ×1
AAPL Apple Inc. - Common Stock $17,809,240 4.29% 61,547 $-45,140 Down ×2
TT Trane Technologies plc $17,670,954 4.25% 35,978 $612,536 Down ×4
JNJ Johnson & Johnson Common Stock $16,999,228 4.09% 66,934 $16,485,904 Up ×1
JPM JP Morgan Chase & Co. Common Stock $14,912,500 3.59% 45,558 $452,771 Down ×3
AMZN Amazon.com, Inc. - Common Stock $13,521,982 3.25% 56,734 $141,051 Down ×1
TDY Teledyne Technologies Incorporated Common Stock $12,230,279 2.94% 18,339 $-2,416,408 Down ×2
EVR Evercore Inc. Class A Common Stock $11,734,951 2.82% 34,369 Up ×1
MSFT Microsoft Corporation - Common Stock $11,652,772 2.80% 31,239 $-2,286,350 Down ×3
CP Canadian Pacific Kansas City Limited Common Shares $10,235,204 2.46% 118,222 $1,289,945 Up ×1
CGNX Cognex Corporation - Common Stock $10,187,104 2.45% 140,667 Up ×1
TD Toronto Dominion Bank (The) Common Stock $10,075,988 2.42% 82,988 $1,319,059 Down ×1
HUBB Hubbell Inc Common Stock $9,849,763 2.37% 18,826 $-538,221 Down ×3
IHG Intercontinental Hotels Group American Depositary Shares (Each representing one Ordinary Share) $9,190,227 2.21% 53,354
META Meta Platforms, Inc. - Class A Common Stock $9,093,754 2.19% 16,144 $-280,596 Down ×3
CHD Church & Dwight Company, Inc. Common Stock $9,027,182 2.17% 93,179 $3,306,666 Up ×1
MCK McKesson Corporation Common Stock $8,714,335 2.10% 11,533 $-6,331,679 Down ×1
AZO AutoZone, Inc. Common Stock $8,053,769 1.94% 2,520 $-1,653,971 Down ×6
MA Mastercard Incorporated Common Stock $7,660,344 1.84% 14,915 $-3,795,361 Down ×4
TXN Texas Instruments Incorporated - Common Stock $7,453,836 1.79% 25,007 $351,418 Down ×1
DIS Walt Disney Company (The) Common Stock $7,444,938 1.79% 77,350 $-2,837,555 Down ×1
BJ BJ's Wholesale Club Holdings, Inc. Common Stock $7,356,833 1.77% 84,348 $-10,401,186 Down ×3
VIK Viking Holdings Ltd Ordinary Shares $6,833,695 1.64% 65,288 Up ×1
CDNS Cadence Design Systems, Inc. - Common Stock $6,320,013 1.52% 16,839 $-3,049,208 Down ×4
MRSH Marsh Common Stock $6,231,125 1.50% 37,386 $-5,682,462 Down ×3
TDG Transdigm Group Incorporated Common Stock $6,066,110 1.46% 4,554 $11,703 Down ×1
WELL Welltower Inc. Common Stock $5,877,388 1.41% 25,895 $5,284,258 Up ×1
CCJ Cameco Corporation Common Stock $5,430,315 1.31% 53,351 Up ×1
MCO Moody's Corporation Common Stock $5,372,537 1.29% 11,862 $-4,100,196 Down ×4
VLTO Veralto Corp Common Stock $5,305,281 1.28% 59,825 $-672,442 Down ×2
CME CME Group Inc. - Class A Common Stock $5,223,734 1.26% 23,655 $-1,527,967 Up ×2
DT Dynatrace, Inc. Common Stock $5,141,685 1.24% 117,096 $3,369,234 Up ×1
XEL Xcel Energy Inc. - Common Stock $4,800,816 1.16% 59,786 Up ×1
KLAC KLA Corporation - Common Stock $4,437,249 1.07% 14,707 $-2,624,429 Up ×1
CLBT Cellebrite DI Ltd. - Ordinary Shares $3,991,041 0.96% 273,359 $-2,258,630 Down ×2
SN SharkNinja, Inc. Ordinary Shares $3,912,425 0.94% 25,694 Up ×1
IDXX IDEXX Laboratories, Inc. - Common Stock $3,246,029 0.78% 6,166 $371,400 Up ×1
ALC Alcon Inc. Ordinary Shares $2,718,758 0.65% 40,518 $-5,199,246 Down ×4
IQV IQVIA Holdings, Inc. Common Stock $2,620,063 0.63% 13,560 $-6,516,106 Down ×2
VZ Verizon Communications Inc. Common Stock $2,322,730 0.56% 54,859 $-3,239,430 Down ×1
ICE Intercontinental Exchange Inc. Common Stock $2,123,278 0.51% 17,247 $-10,632,445 Down ×2
SHOP Shopify Inc. - Class A Subordinate Voting Shares $2,003,212 0.48% 17,534 Up ×1
TTE TotalEnergies SE Ordinary Shares $1,810,330 0.44% 23,300 $-7,520,049 Down ×1
SU Suncor Energy Inc. Common Stock $1,638,170 0.39% 30,493 $-11,921,003 Down ×1
BEP Brookfield Renewable Partners L.P. Limited Partnership Units $796,436 0.19% 23,000 $46,133
TU Telus Corporation Ordinary Shares $389,381 0.09% 36,868 $-84,491
DUK Duke Energy Corporation (Holding Company) Common Stock $379,740 0.09% 3,000 $-13,080
HD Home Depot, Inc. (The) Common Stock $352,680 0.08% 1,000 $23,790
NVS Novartis AG Common Stock $266,424 0.06% 1,700 Up ×1
FNV Franco-Nevada Corporation $242,119 0.06% 1,162 $-45,605

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
NVDA $18,508,525 92,501 4.45%
EVR $11,734,951 34,369 2.82%
CGNX $10,187,104 140,667 2.45%
IHG $9,190,227 53,354 2.21%
VIK $6,833,695 65,288 1.64%
CCJ $5,430,315 53,351 1.31%
XEL $4,800,816 59,786 1.16%
SN $3,912,425 25,694 0.94%
SHOP $2,003,212 17,534 0.48%
NVS $266,424 1,700 0.06%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
BJ Trimmed -96K -$10.4M
IQV Trimmed -40K -$6.5M
MCK Trimmed -6K -$6.3M
MRSH Trimmed -31K -$5.7M
ASML Trimmed -2K +$5.4M
ALC Trimmed -65K -$5.2M
MCO Trimmed -10K -$4.1M
MA Trimmed -8K -$3.8M
DT Bought more +69K +$3.4M
CHD Bought more +32K +$3.3M

5 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
BR March 31, 2026 65,569 $14,633,034 12.8%
NVO Sept. 30, 2025 207,409 $14,315,369 -29.6%
ICLR Dec. 31, 2025 80,757 $14,132,475 1.7%
GIB March 31, 2026 115,959 $10,708,414 12.1%
GGG Sept. 30, 2025 123,179 $10,589,699 -21.2%
EA March 31, 2026 46,893 $9,581,647 No longer tracked
NOW March 31, 2026 51,064 $7,822,494 52.0%
ICFI June 30, 2026 105,889 $6,913,493 29.6%
SYY March 31, 2026 82,645 $6,090,110 14.1%
ZTS June 30, 2026 41,039 $4,851,220 12.8%
CROX Sept. 30, 2025 44,974 $4,554,967 42.7%
PLNT June 30, 2026 58,162 $4,326,090 0.7%
EXPE June 30, 2026 13,379 $3,089,077 12.9%
PANW June 30, 2025 16,898 $2,883,475 86.0%
MTD Sept. 30, 2025 2,254 $2,647,819 36.1%
IHG Dec. 31, 2025 13,500 $1,629,237 15.3%
WCN March 31, 2026 3,600 $631,226 14.9%
BSY June 30, 2026 12,000 $421,440 32.8%
CDW Dec. 31, 2025 2,560 $407,757 21.2%
CEG Dec. 31, 2025 1,000 $329,070 -28.3%
AVB March 31, 2026 1,500 $271,965 No longer tracked