Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +27.8%
S&P 500 total return (same window) +37.0%
Excess return -9.2%

Annualized: +21.7% · 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: 99.7% · Options excluded: 0.0%

Sector breakdown

04
Technology 28.9%
Financials 14.9%
Industrials 14.6%
Communication Services 11.7%
Retail 11.0%
Healthcare 8.6%
Materials 5.3%
Consumer Discretionary 1.4%
Utilities 0.4%
Energy 0.1%
Consumer products 0.1%
Consumer Staples 0.1%
Other/Unmapped 3.0%

Full portfolio 72 positions

05
Type Streak 8Q trend
GOOGL Alphabet Inc. - Class A Common Stock $90,896,701 7.74% 254,349 $18,702,175 Up ×1
NVDA NVIDIA Corporation - Common Stock $90,483,298 7.71% 452,213 $9,146,101 Down ×2
AAPL Apple Inc. - Common Stock $71,941,550 6.13% 248,623 $9,649,297 Up ×1
AMZN Amazon.com, Inc. - Common Stock $70,683,542 6.02% 296,566 $13,172,495 Up ×6
MSFT Microsoft Corporation - Common Stock $64,701,064 5.51% 173,452 $1,299,823 Up ×6
GS Goldman Sachs Group, Inc. (The) Common Stock $50,846,625 4.33% 50,275 $3,355,283 Down ×3
AVGO Broadcom Inc. - Common Stock $46,364,664 3.95% 122,739 $8,861,647 Up ×2
META Meta Platforms, Inc. - Class A Common Stock $45,111,081 3.84% 80,085 $-129,526 Up ×1
C Citigroup, Inc. Common Stock $43,316,919 3.69% 309,495 $8,650,998 Up ×1
ABBV AbbVie Inc. Common Stock $42,258,156 3.60% 167,931 $6,167,213 Up ×1
BA Boeing Company (The) Common Stock $41,286,889 3.52% 190,728 $3,821,284 Up ×1
DAL Delta Air Lines, Inc. Common Stock $39,697,322 3.38% 423,845 $11,891,200 Up ×4
MA Mastercard Incorporated Common Stock $37,286,845 3.18% 72,599 $1,476,211 Up ×6
IR Ingersoll Rand Inc. Common Stock $35,240,042 3.00% 429,809 $5,973,487 Up ×3
NXPI NXP Semiconductors N.V. - Common Stock $34,268,798 2.92% 121,940 $10,581,223 Up ×4
SHW Sherwin-Williams Company (The) Common Stock $33,054,721 2.82% 96,000 $2,689,337 Up ×2
AMD Advanced Micro Devices, Inc. - Common Stock $31,594,533 2.69% 54,388 $20,676,646 Up ×2
LOW Lowe's Companies, Inc. Common Stock $31,292,384 2.67% 141,922 $-1,795,322 Up ×6
MRSH Marsh Common Stock $29,106,750 2.48% 174,637 $-782,677 Up ×3
ECL Ecolab Inc. Common Stock $28,769,548 2.45% 103,261 $1,664,769 Up ×3
HD Home Depot, Inc. (The) Common Stock $26,252,444 2.24% 74,437 Up ×1
EMR Emerson Electric Company Common Stock $25,981,009 2.21% 181,495 Up ×1
ISRG Intuitive Surgical, Inc. - Common Stock $25,416,920 2.17% 63,913 $1,226,927 Up ×4
CSL Carlisle Companies Incorporated Common Stock $24,898,077 2.12% 68,637 $6,146,630 Up ×3
BDX Becton, Dickinson and Company Common Stock $17,937,906 1.53% 118,535 $-452,657 Up ×4
Unknown issuer (CUSIP: 438516205) $17,026,255 1.45% 76,044 Up ×1
Unknown issuer (CUSIP: 43849R105) $16,811,808 1.43% 76,044 Up ×1
MCD McDonald's Corporation Common Stock $16,303,747 1.39% 60,315 $-2,209,079 Up ×2
BSX Boston Scientific Corporation Common Stock $11,576,098 0.99% 271,230 $-5,218,694 Up ×2
AXP American Express Company Common Stock $10,838,888 0.92% 32,044 $1,275,077 Up ×1
CAT Caterpillar, Inc. Common Stock $1,650,595 0.14% 1,550 $410,790 Down ×3
AGG iShares Trust $1,583,680 0.13% 16,000 $-4,640
DE Deere & Company Common Stock $874,741 0.07% 1,379 $97,950
XOM Exxon Mobil Corporation Common Stock $820,047 0.07% 5,998 $-197,573
AMGN Amgen Inc. - Common Stock $814,770 0.07% 2,250 $23,107
LMT Lockheed Martin Corporation Common Stock $738,717 0.06% 1,450 $-137,649
JPM JP Morgan Chase & Co. Common Stock $735,511 0.06% 2,247 $74,533
GILD Gilead Sciences, Inc. - Common Stock $724,181 0.06% 5,732 $-74,688
CSCO Cisco Systems, Inc. - Common Stock $713,687 0.06% 6,076 $242,250
ETR Entergy Corporation Common Stock $668,255 0.06% 5,818 $14,545
PG Procter & Gamble Company (The) Common Stock $631,872 0.05% 4,309 $-31,258,170 Down ×1
DHR Danaher Corporation Common Stock $619,060 0.05% 3,250 $2,860
PEP PepsiCo, Inc. - Common Stock $600,228 0.05% 4,433 $-88,173
RTX RTX Corporation Common Stock $597,839 0.05% 3,151 $-9,989
AEP American Electric Power Company, Inc. - Common Stock $571,866 0.05% 4,180 $23,952
CL Colgate-Palmolive Company Common Stock $550,080 0.05% 6,000 $38,700
KEY KeyCorp Common Stock $523,950 0.04% 22,731 $68,193
EIX Edison International Common Stock $503,133 0.04% 6,758 $8,583
PSX Phillips 66 Common Stock $501,233 0.04% 2,965 $-38,931
FITB Fifth Third Bancorp - Common Stock $482,302 0.04% 8,556 $84,790
TFC Truist Financial Corporation Common Stock $474,536 0.04% 9,525 $36,672
NEE NextEra Energy, Inc. Common Stock $473,256 0.04% 5,392 $-27,553
WMT Walmart Inc. - Common Stock $453,040 0.04% 4,000 $-44,080
SO Southern Company (The) Common Stock $450,698 0.04% 4,709 $-3,815
XEL Xcel Energy Inc. - Common Stock $445,665 0.04% 5,550 $4,773
JNJ Johnson & Johnson Common Stock $431,749 0.04% 1,700 $16,201
USB U.S. Bancorp Common Stock $424,068 0.04% 7,021 $58,906
TGT Target Corporation Common Stock $413,119 0.04% 3,163 $29,763
ED Consolidated Edison, Inc. Common Stock $398,711 0.03% 3,604 $-9,190
DUK Duke Energy Corporation (Holding Company) Common Stock $387,461 0.03% 3,061 $-13,346
FE FirstEnergy Corp. Common Stock $354,125 0.03% 7,449 $-23,241
CVX Chevron Corporation Common Stock $326,050 0.03% 1,967 $-80,922
MRK Merck & Company, Inc. Common Stock (new) $321,250 0.03% 2,500 $20,525
KMB Kimberly-Clark Corporation - Common Stock $303,953 0.03% 2,769 $36,828
PRU Prudential Financial, Inc. Common Stock $297,347 0.03% 2,755 $28,211
CME CME Group Inc. - Class A Common Stock $296,796 0.03% 1,344 $-100,154
PM Philip Morris International Inc Common Stock $292,893 0.02% 1,619 $25,208
VZ Verizon Communications Inc. Common Stock $274,956 0.02% 6,494 $-51,043
BMY Bristol-Myers Squibb Company Common Stock $262,574 0.02% 4,557 $-13,808
ABT Abbott Laboratories Common Stock $225,852 0.02% 2,489 $-29,694
KHC The Kraft Heinz Company - Common Stock $213,242 0.02% 9,028 $10,202
CAG ConAgra Brands, Inc. Common Stock $136,283 0.01% 10,125 $-22,882

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
AMZN $70,683,542 6.02% up ×6
MSFT $64,701,064 5.51% up ×6
DAL $39,697,322 3.38% up ×4
MA $37,286,845 3.18% up ×6
IR $35,240,042 3.00% up ×3
NXPI $34,268,798 2.92% up ×4
LOW $31,292,384 2.67% up ×6
MRSH $29,106,750 2.48% up ×3
ECL $28,769,548 2.45% up ×3
ISRG $25,416,920 2.17% up ×4
CSL $24,898,077 2.12% up ×3
BDX $17,937,906 1.53% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
HD $26,252,444 74,437 2.24%
EMR $25,981,009 181,495 2.21%
Unknown issuer (CUSIP: 438516205) $17,026,255 76,044 1.45%
Unknown issuer (CUSIP: 43849R105) $16,811,808 76,044 1.43%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AMD Bought more +719 +$20.7M
GOOGL Bought more +3K +$18.7M
AMZN Bought more +20K +$13.2M
DAL Bought more +6K +$11.9M
NXPI Bought more +2K +$10.6M
AAPL Bought more +3K +$9.6M
NVDA Trimmed -14K +$9.1M
AVGO Bought more +2K +$8.9M
C Bought more +4K +$8.7M
ABBV Bought more +2K +$6.2M

1 position 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
HON June 30, 2026 150,098 $33,926,650 -5.2%
ADI March 31, 2026 114,728 $31,114,234 31.9%
IDXX Dec. 31, 2025 43,471 $27,773,187 -22.8%
CRM March 31, 2026 94,070 $24,920,084 22.2%
SYY Sept. 30, 2025 303,141 $22,959,899 -6.0%
INTU June 30, 2026 46,858 $20,260,461 11.4%
ADBE Sept. 30, 2025 42,488 $16,437,757 -32.3%
EOG March 31, 2026 136,996 $14,385,950 0.2%
PYPL March 31, 2026 180,667 $10,547,339 21.3%
NOW June 30, 2026 84,408 $8,824,860 39.6%
TJX March 31, 2026 30,000 $4,608,300 -14.3%
LLY March 31, 2026 4,000 $4,298,720 26.0%
V March 31, 2026 12,000 $4,208,520 22.6%
BAC March 31, 2026 75,000 $4,125,000 11.1%
DG March 31, 2026 30,000 $3,983,100 4.2%
DIS March 31, 2026 35,000 $3,981,950 7.9%
WFC Dec. 31, 2025 45,000 $3,771,900 -12.5%
CVS March 31, 2026 45,000 $3,571,200 19.8%
COR March 31, 2026 10,000 $3,377,500 0.0%
KVUE Dec. 31, 2025 200,000 $3,246,000 1.6%
CCL March 31, 2026 100,000 $3,054,000 3.1%
ADSK March 31, 2026 10,000 $2,960,100 -5.5%
UBER March 31, 2026 35,000 $2,859,850 -3.5%
ORLY March 31, 2026 30,000 $2,736,300 -7.7%
COST March 31, 2026 3,000 $2,587,020 -6.7%
DKNG March 31, 2026 75,000 $2,584,500 -6.9%
DASH March 31, 2026 10,000 $2,264,800 28.2%
KMX Sept. 30, 2025 30,000 $2,016,300 24.1%
CMG March 31, 2026 50,000 $1,850,000 -3.3%
CSX March 31, 2026 50,000 $1,812,500 15.7%
UNH Dec. 31, 2025 5,000 $1,726,500 13.6%
EXAS Dec. 31, 2025 25,000 $1,367,750 No longer tracked
DXCM March 31, 2026 20,000 $1,327,400 34.7%
NKE June 30, 2026 17,200 $908,504 -16.3%
ORCL March 31, 2026 1,700 $331,347 -1.2%
MDLZ June 30, 2026 1,660 $95,682 3.5%
MO June 30, 2026 1,295 $85,457 -4.7%
VTRS June 30, 2026 1,580 $21,346 10.7%
OGN June 30, 2026 550 $3,295 1.6%