Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +44.1%
S&P 500 total return (same window) +37.0%
Excess return +7.1%

Annualized: +34.0% · 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: 96.8% · Options excluded: 0.0%

Sector breakdown

04
Technology 37.4%
Industrials 16.5%
Financials 12.0%
Retail 11.4%
Communication Services 10.0%
Health Care 5.3%
Utilities 1.7%
Energy 1.6%
Materials 0.6%
Real Estate 0.2%
Other/Unmapped 3.3%

Full portfolio 75 positions

05
Type Streak 8Q trend
NVDA NVIDIA Corporation - Common Stock $21,504,673 7.78% 107,475 $2,234,868 Down ×2
AMD Advanced Micro Devices, Inc. - Common Stock $11,247,579 4.07% 19,362 $5,684,786 Down ×3
GOOGL Alphabet Inc. - Class A Common Stock $11,118,495 4.02% 31,112 $2,529,078 Up ×1
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $10,277,206 3.72% 13,467 $4,576,830 Down ×1
PANW Palo Alto Networks, Inc. - Common Stock $8,637,355 3.13% 25,328 $4,407,312 Down ×2
ANET Arista Networks, Inc. Common Stock $8,169,869 2.96% 48,092 $2,017,977 Down ×3
AAPL Apple Inc. - Common Stock $8,155,322 2.95% 28,184 $821,552 Down ×3
GE GE Aerospace Common Stock $6,931,944 2.51% 18,548 $1,563,867 Down ×3
AMZN Amazon.com, Inc. - Common Stock $6,868,005 2.49% 28,816 $917,106 Up ×1
MU Micron Technology, Inc. - Common Stock $6,844,940 2.48% 5,930 $5,594,594 Up ×2
GEV GE Vernova Inc. Common Stock $6,650,882 2.41% 5,661 $1,656,148 Down ×2
JPM JP Morgan Chase & Co. Common Stock $6,564,930 2.38% 20,056 $564,654 Down ×5
CMI Cummins Inc. Common Stock $6,197,795 2.24% 8,690 $1,322,796 Down ×3
LRCX Lam Research Corporation - Common Stock $5,888,955 2.13% 13,590 $3,264,997 Up ×3
MSFT Microsoft Corporation - Common Stock $5,681,095 2.06% 15,230 $-96,148 Down ×2
GS Goldman Sachs Group, Inc. (The) Common Stock $5,457,353 1.98% 5,396 $890,699 Down ×1
CAT Caterpillar, Inc. Common Stock $5,433,120 1.97% 5,102 $1,712,997 Down ×3
TSM Taiwan Semiconductor Manufacturing Company Ltd. $5,400,839 1.96% 11,309 $1,620,530 Up ×4
CASY Caseys General Stores, Inc. - Common Stock $5,325,888 1.93% 6,701 $17,605 Down ×3
COST Costco Wholesale Corporation - Common Stock $5,293,825 1.92% 5,659 $-392,801 Down ×2
V Visa Inc. $5,050,285 1.83% 14,720 $531,193 Down ×2
SNOW Snowflake Inc. Common Stock $5,015,432 1.82% 19,707 $1,745,353 Down ×1
VRT Vertiv Holdings, LLC Class A Common Stock $4,860,247 1.76% 14,516 $1,046,419 Down ×1
TJX TJX Companies, Inc. (The) Common Stock $4,798,460 1.74% 31,673 $25,666 Up ×6
Unknown issuer (CUSIP: 30303m102) $4,795,851 1.74% 8,514 $-127,328 Down ×1
HOOD Robinhood Markets, Inc. - Class A Common Stock $4,530,751 1.64% 45,181 $1,339,486 Down ×1
LLY Eli Lilly and Company Common Stock $4,493,065 1.63% 3,746
MA Mastercard Incorporated Common Stock $4,397,957 1.59% 8,563 $83,893 Down ×2
HD Home Depot, Inc. (The) Common Stock $4,385,576 1.59% 12,435 $245,838 Down ×1
URI United Rentals, Inc. Common Stock $4,291,387 1.55% 3,788 $1,570,944 Up ×2
WMT Walmart Inc. - Common Stock $3,971,688 1.44% 35,067 $174,561 Up ×5
CVX Chevron Corporation Common Stock $3,945,420 1.43% 23,802 $-1,041,077 Down ×5
MCK McKesson Corporation Common Stock $3,870,939 1.40% 5,123 $-264,616 Up ×1
APP Applovin Corporation - Class A Common Stock $3,556,633 1.29% 6,903 $761,479 Down ×1
NFLX Netflix, Inc. - Common Stock $3,487,176 1.26% 48,840 $-1,101,679 Up ×4
NET Cloudflare, Inc. Class A Common Stock $3,471,333 1.26% 14,153 $1,524,818 Up ×2
NEE NextEra Energy, Inc. Common Stock $3,199,392 1.16% 36,452 $95,435 Up ×6
COHR Coherent Corp. Common Stock $3,191,262 1.16% 8,090 $1,683,631 Up ×2
SYK Stryker Corporation Common Stock $3,124,157 1.13% 9,923 $-421,329 Down ×1
Unknown issuer (CUSIP: 43849R105) $3,018,405 1.09% 13,653 Up ×1
AXP American Express Company Common Stock $2,895,082 1.05% 8,559 $610,451 Up ×1
HON Honeywell International Inc. - Common Stock $2,633,848 0.95% 11,764 $-2,446,854 Down ×1
GLW Corning Incorporated Common Stock $2,458,514 0.89% 9,625 $2,099,961 Up ×1
USB U.S. Bancorp Common Stock $2,158,273 0.78% 35,733 $-59,537 Down ×5
AMAT Applied Materials, Inc. - Common Stock $2,095,254 0.76% 2,898 $547,629 Down ×2
RDDT Reddit, Inc. Class A Common Stock $1,964,231 0.71% 11,316 $326,618 Down ×1
INTC Intel Corporation - Common Stock $1,694,829 0.61% 12,138 Up ×1
BSAC Banco Santander - Chile ADS $1,596,770 0.58% 115,708 $277,822 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $1,554,652 0.56% 4,400 $119,205 Down ×6
Unknown issuer (CUSIP: 94106l109) $1,296,716 0.47% 5,818 $-119,020 Down ×1
CLS Celestica, Inc. Common Stock $1,291,392 0.47% 3,540 $525,504 Up ×2
SHOP Shopify Inc. - Class A Subordinate Voting Shares $1,272,079 0.46% 11,141 $-984,429 Down ×1
AEP American Electric Power Company, Inc. - Common Stock $1,149,341 0.42% 8,401 $39,618 Down ×1
TMUS T-Mobile US, Inc. - Common Stock $1,028,017 0.37% 6,129 $-913,080 Down ×3
ISRG Intuitive Surgical, Inc. - Common Stock $923,413 0.33% 2,322 $-2,725,784 Down ×3
SOLS Solstice Advanced Materials Inc. - Common Stock $916,833 0.33% 10,348 $211,591 Up ×2
NOW ServiceNow, Inc. Common Stock $880,713 0.32% 8,871 $-1,126,438 Down ×2
CAH Cardinal Health, Inc. Common Stock $806,279 0.29% 3,394 $241,025 Up ×1
ORLY O'Reilly Automotive, Inc. - Common Stock $799,710 0.29% 8,684 $-231,762 Down ×4
ZS Zscaler, Inc. - Common Stock $758,540 0.27% 5,374 $77,011 Up ×1
FTNT Fortinet, Inc. - Common Stock $707,727 0.26% 4,607 $209,889 Down ×3
LIN Linde plc - Ordinary Shares $646,080 0.23% 1,245 Up ×1
FIX Comfort Systems USA, Inc. Common Stock $638,188 0.23% 322 $201,048 Up ×1
MS Morgan Stanley Common Stock $539,114 0.20% 2,579 $204,543 Up ×3
TMO Thermo Fisher Scientific Inc Common Stock $528,935 0.19% 1,055 $-52,545 Down ×2
LNTH Lantheus Holdings, Inc. - Common Stock $493,794 0.18% 4,451 Up ×1
PSA Public Storage Common Stock $444,361 0.16% 1,396 $7,432 Down ×3
OTIS Otis Worldwide Corporation Common Stock $439,767 0.16% 6,142 $-1,253,295 Down ×1
IDXX IDEXX Laboratories, Inc. - Common Stock $438,525 0.16% 833 $-42,453 Down ×1
RTX RTX Corporation Common Stock $413,232 0.15% 2,178 $36,112 Up ×4
EPD Enterprise Products Partners L.P. Common Stock $395,905 0.14% 10,770 Up ×1
CRM Salesforce, Inc. Common Stock $365,331 0.13% 2,332 $-1,181,230 Down ×5
SPOT Spotify Technology S.A. Ordinary Shares $359,958 0.13% 784 $-458,570 Down ×1
SRE DBA Sempra Common Stock $328,935 0.12% 3,548 $104,472 Up ×1
LHX L3Harris Technologies, Inc. Common Stock $233,925 0.08% 805 Up ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
LRCX $5,888,955 2.13% up ×3
TSM $5,400,839 1.96% up ×4
TJX $4,798,460 1.74% up ×6
WMT $3,971,688 1.44% up ×5
NFLX $3,487,176 1.26% up ×4
NEE $3,199,392 1.16% up ×6
MS $539,114 0.20% up ×3
RTX $413,232 0.15% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
LLY $4,493,065 3,746 1.63%
Unknown issuer (CUSIP: 43849R105) $3,018,405 13,653 1.09%
INTC $1,694,829 12,138 0.61%
LIN $646,080 1,245 0.23%
LNTH $493,794 4,451 0.18%
EPD $395,905 10,770 0.14%
LHX $233,925 805 0.08%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AMD Trimmed -8K +$5.7M
CRWD Trimmed -1K +$4.6M
PANW Trimmed -1K +$4.4M
LRCX Bought more +1K +$3.3M
ISRG Trimmed -6K -$2.7M
GOOGL Bought more +1K +$2.5M
HON Trimmed -11K -$2.4M
NVDA Trimmed -3K +$2.2M
ANET Trimmed -2K +$2.0M
SNOW Trimmed -2K +$1.7M

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
ANET (filed as ANETXXXX) Sept. 30, 2025 55,809 $5,709,819 42.3%
META March 31, 2026 8,582 $5,664,892 27.3%
CDNS March 31, 2026 9,027 $2,821,660 26.4%
SPGI March 31, 2026 4,151 $2,169,271 -9.2%
BSX June 30, 2026 32,675 $2,050,356 -0.2%
CHD Dec. 31, 2025 20,618 $1,806,755 12.5%
MRVL March 31, 2026 17,538 $1,490,379 174.9%
WM June 30, 2025 6,101 $1,412,259 -10.7%
CMG Dec. 31, 2025 35,442 $1,388,972 -12.5%
WM March 31, 2026 6,099 $1,340,011 -11.0%
ADBE Dec. 31, 2025 3,430 $1,209,933 -32.1%
AVGO (filed as AVGOXXXX) Sept. 30, 2025 3,393 $935,280 7.6%
UNP June 30, 2025 4,087 $899,467 20.9%
LRCX (filed as LRCXXXXX) Sept. 30, 2025 7,373 $717,688 159.5%
GEHC March 31, 2026 6,495 $532,720 -9.7%
MCD June 30, 2026 1,425 $442,876 -14.2%
AXON March 31, 2026 695 $394,711 -2.7%
COO March 31, 2026 4,791 $392,670 -20.4%
SNPS March 31, 2026 827 $388,458 23.6%
ORCL March 31, 2026 1,831 $356,880 -3.3%
AMT Dec. 31, 2025 1,737 $334,060 -7.6%
AZO June 30, 2026 86 $290,489 -12.6%
ARHS Dec. 31, 2025 27,050 $287,542 -8.7%
EW March 31, 2026 3,303 $281,581 6.3%
NKE March 31, 2026 3,790 $241,461 -35.9%
TSCO Dec. 31, 2025 4,190 $238,285 -37.8%
ABT Dec. 31, 2025 1,743 $233,457 -22.2%
STE Dec. 31, 2025 925 $228,882 -17.7%
CMCSA Sept. 30, 2025 5,638 $201,220 -31.3%
DE Sept. 30, 2025 338 $171,870 50.2%
XYZ Sept. 30, 2025 2,369 $160,926 2.9%
SRE Sept. 30, 2025 2,065 $156,465 -12.9%
ESTC Sept. 30, 2025 1,309 $110,388 11.2%
LLY Sept. 30, 2025 110 $85,748 49.8%
PEP Sept. 30, 2025 629 $83,053 -10.4%
ANSS Sept. 30, 2025 212 $74,459 No longer tracked
FND Sept. 30, 2025 962 $73,074 -38.3%
ONON Sept. 30, 2025 1,403 $73,026 -27.2%
SCHW Sept. 30, 2025 580 $52,919 1.3%
GPC Sept. 30, 2025 413 $50,101 -8.2%
MUSA Sept. 30, 2025 121 $49,223 32.6%
ODD Sept. 30, 2025 635 $47,923 -69.7%
HIMS Sept. 30, 2025 425 $21,186 -48.9%
CVNA Sept. 30, 2025 59 $19,881 -83.1%
RIVN Sept. 30, 2025 1,419 $19,497 -2.6%
WING Sept. 30, 2025 52 $17,510 -57.5%
SG Sept. 30, 2025 566 $8,422 14.0%
COHR Sept. 30, 2025 90 $8,029 212.9%
ALGN Sept. 30, 2025 36 $6,816 14.8%
STZ Sept. 30, 2025 40 $6,507 -16.2%