Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +17.7%
S&P 500 total return (same window) +37.0%
Excess return -19.3%

Annualized: +13.9% · 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: 99.0% · Options excluded: 0.0%

Sector breakdown

04
Industrials 41.4%
Financials 17.5%
Technology 12.0%
Retail 10.3%
Healthcare 8.8%
Communication Services 4.8%
Materials 2.0%
Consumer Discretionary 1.6%
Consumer products 0.8%
Other/Unmapped 0.7%

Full portfolio 37 positions

05
Type Streak 8Q trend
AMZN Amazon.com, Inc. - Common Stock $32,316,044 8.88% 135,588 $6,515,348 Up ×2
AMRZ Amrize Ltd Ordinary Shares $24,178,532 6.64% 453,631 $10,575,027 Up ×1
DY Dycom Industries, Inc. Common Stock $21,000,692 5.77% 41,537 $13,364,706 Up ×2
TRU TransUnion Common Stock $19,380,916 5.32% 268,657 $792,538
TMO Thermo Fisher Scientific Inc Common Stock $19,067,724 5.24% 38,032 $373,855
SNPS Synopsys, Inc. - Common Stock $18,073,864 4.96% 40,518 $4,964,649 Up ×2
V Visa Inc. $15,414,004 4.23% 44,927 $2,154,131 Up ×1
TW Tradeweb Markets Inc. - Class A Common Stock $15,327,110 4.21% 153,794 $-2,572,976 Up ×2
ICE Intercontinental Exchange Inc. Common Stock $14,957,988 4.11% 121,501 $-4,151,689
EW Edwards Lifesciences Corporation Common Stock $13,109,282 3.60% 144,918 $1,504,249
GOOG Alphabet Inc. - Class C Capital Stock $12,887,358 3.54% 36,474 $2,424,426
MSCI MSCI Inc. Common Stock $12,872,519 3.54% 22,985 $-2,991,623 Down ×2
RBA RB Global, Inc. Common Stock $12,621,084 3.47% 108,382 $-45,206 Down ×2
FERG Ferguson Enterprises Inc. Common Stock $12,264,740 3.37% 51,678 $4,770,096 Up ×1
APH Amphenol Corporation Common Stock $12,003,160 3.30% 68,076 Up ×1
TEX Terex Corporation Common Stock $9,756,652 2.68% 134,779 Up ×1
PCOR Procore Technologies, Inc. Common Stock $8,813,362 2.42% 216,971 $-2,945,738 Up ×2
PWR Quanta Services, Inc. Common Stock $8,590,797 2.36% 11,931 $-5,090,232 Down ×3
INTU Intuit Inc. - Common Stock $8,182,611 2.25% 31,351 $-8,474,829 Down ×2
SITE SiteOne Landscape Supply, Inc. Common Stock $7,499,118 2.06% 65,546 $2,496,445 Up ×2
Q Qnity Electronics, Inc. Common Stock $6,029,895 1.66% 36,923 $-1,023,284 Down ×1
ETN Eaton Corporation, PLC Ordinary Shares $5,752,620 1.58% 13,500 Up ×1
GRAB Grab Holdings Limited - Class A Ordinary Shares $5,655,000 1.55% 1,500,000 Up ×1
SAIA Saia, Inc. - Common Stock $5,516,775 1.52% 13,099 $3,000,908 Up ×2
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $5,339,463 1.47% 55,631 $-1,476,779 Up ×1
MKTX MarketAxess Holdings, Inc. - Common Stock $5,111,817 1.40% 45,042 $-1,398,459 Up ×1
IMAX Imax Corporation Common Stock $4,582,824 1.26% 114,973 $3,062,424 Up ×1
SOLS Solstice Advanced Materials Inc. - Common Stock $4,520,904 1.24% 51,026 Up ×1
REZI Resideo Technologies, Inc. Common Stock $3,460,590 0.95% 111,273 Up ×1
PLOW Douglas Dynamics, Inc. Common Stock $3,055,296 0.84% 56,632 $1,455,876 Up ×2
SKY Champion Homes, Inc. Common Stock $2,946,909 0.81% 33,442 $757,307 Up ×2
GENI Genius Sports Limited Ordinary Shares $2,777,759 0.76% 458,376 $-1,846,488 Down ×1
LPX Louisiana-Pacific Corporation Common Stock $2,740,278 0.75% 34,837 $-570,356 Down ×1
Unknown issuer (CUSIP: 86723E104) $2,590,950 0.71% 115,000 Up ×1
FROG JFrog Ltd. - Ordinary shares $2,512,650 0.69% 27,648 $-2,083,158 Down ×1
NAVN Navan, Inc. - Class A Common Stock $1,600,900 0.44% 70,000 Up ×1
WING Wingstop Inc. - Common Stock $1,571,788 0.43% 9,064 Up ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
APH $12,003,160 68,076 3.30%
TEX $9,756,652 134,779 2.68%
ETN $5,752,620 13,500 1.58%
GRAB $5,655,000 1,500,000 1.55%
SOLS $4,520,904 51,026 1.24%
REZI $3,460,590 111,273 0.95%
Unknown issuer (CUSIP: 86723E104) $2,590,950 115,000 0.71%
NAVN $1,600,900 70,000 0.44%
WING $1,571,788 9,064 0.43%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
DY Bought more +19K +$13.4M
AMRZ Bought more +211K +$10.6M
INTU Trimmed -7K -$8.5M
AMZN Bought more +12K +$6.5M
PWR Trimmed -13K -$5.1M
SNPS Bought more +7K +$5.0M
FERG Bought more +20K +$4.8M
ICE Price move only +0 -$4.2M
IMAX Bought more +75K +$3.1M
SAIA Bought more +6K +$3.0M

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
MRVL June 30, 2026 175,623 $17,395,458 -23.3%
IDXX Sept. 30, 2025 31,034 $16,644,776 -12.3%
MASI June 30, 2026 63,984 $11,380,834 No longer tracked
AVTR Sept. 30, 2025 805,658 $10,844,157 38.5%
FERG June 30, 2025 59,517 $9,536,409 4.2%
SRAD Dec. 31, 2025 322,342 $8,671,000 -49.7%
DNB June 30, 2025 969,163 $8,664,317 No longer tracked
CME March 31, 2026 31,298 $8,546,858 3.5%
FLUT Dec. 31, 2025 30,898 $7,848,092 -62.8%
ZTS Dec. 31, 2025 52,798 $7,725,403 -35.6%
EXPE June 30, 2025 45,444 $7,639,136 71.3%
TDY June 30, 2025 11,753 $5,849,586 22.1%
FTNT June 30, 2026 66,082 $5,400,221 17.2%
MSFT June 30, 2026 14,287 $5,288,619 40.6%
ET June 30, 2026 251,922 $4,862,095 No longer tracked
BRBR Dec. 31, 2025 114,425 $4,159,349 -64.3%
SHW March 31, 2026 12,451 $4,034,498 5.2%
BRO June 30, 2026 54,440 $3,550,032 13.7%
XYZ March 31, 2026 51,351 $3,342,437 27.1%
EL Sept. 30, 2025 38,566 $3,116,133 23.3%
XOM June 30, 2025 25,677 $3,053,766 70.0%
ADBE Dec. 31, 2025 8,431 $2,974,035 -24.6%
PEGA June 30, 2026 67,404 $2,868,714 21.5%
ODFL March 31, 2026 18,148 $2,845,606 -6.5%
ENTG March 31, 2026 32,422 $2,731,554 14.7%
LIF June 30, 2026 50,000 $2,041,000 -18.3%
FND June 30, 2026 40,000 $2,032,000 -19.4%
DAVE Dec. 31, 2025 7,830 $1,560,911 60.2%
BE Dec. 31, 2025 18,094 $1,530,210 122.5%
MBUU June 30, 2026 56,976 $1,476,818 -19.7%
GAP June 30, 2026 54,261 $1,313,116 19.5%
TTD June 30, 2026 38,064 $863,672 -28.1%
SHAK June 30, 2026 8,500 $751,995 16.3%
AMPL June 30, 2026 99,053 $675,541 127.7%
ZETA June 30, 2026 32,434 $516,349 72.7%
DOMO Dec. 31, 2025 22,915 $362,974 No longer tracked