Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +112.7%
S&P 500 total return (same window) +37.0%
Excess return +75.7%

Annualized: +82.9% · 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: 97.9% · Options excluded: 8.1%

Sector breakdown

04
Technology 51.5%
Industrials 15.6%
Communication Services 9.4%
Healthcare 9.1%
Retail 6.3%
Financials 4.9%
Energy 1.8%
Utilities 0.6%
Consumer Staples 0.2%
Consumer Discretionary 0.0%
Other/Unmapped 0.6%

Full portfolio 70 positions

05
Type Streak 8Q trend
SNDK Sandisk Corporation - Common Stock $74,144,062 6.73% 32,609 $58,355,863 Up ×1
AMZN Amazon.com, Inc. - Common Stock $54,002,839 4.90% 226,579 $-20,924,168 Down ×2
MU Micron Technology, Inc. - Common Stock $47,761,057 4.33% 41,377 $32,389,337 Down ×1
WGS GeneDx Holdings Corp. - Class A Common Stock $39,264,368 3.56% 571,950 $-5,001,836 Down ×1
AMAT Applied Materials, Inc. - Common Stock $39,134,544 3.55% 54,128 $16,815,657 Down ×1
LRCX Lam Research Corporation - Common Stock $38,551,637 3.50% 88,966 $17,933,447 Down ×1
AMD Advanced Micro Devices, Inc. - Common Stock $36,728,616 3.33% 63,226 $29,657,593 Up ×1
COHR Coherent Corp. Common Stock $36,437,588 3.31% 92,371 $8,626,570 Down ×1
APP Applovin Corporation - Class A Common Stock $35,383,420 3.21% 68,675 $3,165,320 Down ×2
LITE Lumentum Holdings Inc. - Common Stock $31,364,667 2.85% 36,553 $2,727,197 Down ×2
TSM Taiwan Semiconductor Manufacturing Company Ltd. $30,912,151 2.80% 64,728 $4,746,372 Down ×4
NVDA NVIDIA Corporation - Common Stock $29,336,195 2.66% 146,615 $6,552,579 Up ×1
V Visa Inc. $26,469,394 2.40% 77,150 $6,309,986 Up ×3
AVGO Broadcom Inc. - Common Stock $26,372,239 2.39% 69,814 $4,830,343 Up ×1
RVMD Revolution Medicines, Inc. - Common Stock $22,511,056 2.04% 120,200 $21,705,145 Up ×1
NXPI NXP Semiconductors N.V. - Common Stock $22,285,960 2.02% 79,301 $14,330,454 Up ×1
NTRA Natera, Inc. - Common Stock $22,254,014 2.02% 81,982 $7,004,776 Up ×1
PL Planet Labs PBC Class A Common Stock $21,872,426 1.98% 660,200 Up ×1
VRT Vertiv Holdings, LLC Class A Common Stock $21,261,740 1.93% 63,502 $1,319,832 Down ×3
TER Teradyne, Inc. - Common Stock $18,402,371 1.67% 38,034 $7,126,811
BE Bloom Energy Corporation Class A Common Stock $17,412,818 1.58% 57,525 $8,944,693 Down ×1
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $17,219,460 1.56% 17,844 $10,228,895
DELL Dell Technologies Inc. Class C Common Stock $16,179,750 1.47% 37,500 Up ×1
WULF TeraWulf Inc. - Common Stock $15,758,155 1.43% 637,982 $6,121,368 Down ×3
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $15,652,765 1.42% 20,511 $-2,501,300 Down ×1
COF Capital One Financial Corporation Common Stock $15,046,500 1.37% 75,000
META Meta Platforms, Inc. - Class A Common Stock $14,938,451 1.36% 26,520 $-5,841,311 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $14,812,987 1.34% 41,450 $-46,676 Down ×2
ADI Analog Devices, Inc. - Common Stock $14,397,413 1.31% 36,250
MRVL Marvell Technology, Inc. - Common Stock $14,368,128 1.30% 48,233
PWR Quanta Services, Inc. Common Stock $14,292,794 1.30% 19,850 $5,755,533 Up ×1
SEI Solaris Energy Infrastructure, Inc. Class A Common Stock $13,891,419 1.26% 172,650 $11,207,194 Up ×1
INTC Intel Corporation - Common Stock $13,739,592 1.25% 98,400 Up ×1
DAL Delta Air Lines, Inc. Common Stock $12,536,391 1.14% 133,850 $-1,561,358 Down ×2
SPOT Spotify Technology S.A. Ordinary Shares $12,406,152 1.13% 27,021 $-882,807 Down ×2
ONTO Onto Innovation Inc. Common Stock $12,337,470 1.12% 32,600 Up ×1
MCHP Microchip Technology Incorporated - Common Stock $11,458,733 1.04% 125,644 $1,961,063 Down ×1
CDNA CareDx, Inc. - Common Stock $11,081,142 1.01% 388,812 $4,306,315 Down ×2
MSFT Microsoft Corporation - Common Stock $10,892,184 0.99% 29,200 $582,949 Up ×1
AAOI Applied Optoelectronics, Inc. - Common Stock $10,643,074 0.97% 71,835 $3,871,644 Down ×1
ANET Arista Networks, Inc. Common Stock $10,584,204 0.96% 62,304 $945,974 Down ×1
PRCH Porch Group, Inc. - Common Stock $10,433,820 0.95% 693,738 $4,414,605 Down ×2
QXO QXO, Inc. Common Stock $10,348,992 0.94% 598,900 $-963,158 Up ×1
XMTR Xometry, Inc. - Class A Common Stock $9,907,778 0.90% 102,650 $5,715,552
SPNT SiriusPoint Ltd. Common Shares $9,536,400 0.87% 397,350 $977,481
TDUP ThredUp Inc. - Class A Common Stock $7,904,900 0.72% 1,154,000 $3,134,140 Down ×1
EMBJ Embraer S.A. Common Stock $7,793,872 0.71% 122,161 $544,838
FN Fabrinet Ordinary Shares $7,250,832 0.66% 12,900 $523,224
NFLX Netflix, Inc. - Common Stock $7,211,400 0.65% 101,000 $-2,499,750
KTOS Kratos Defense & Security Solutions, Inc. - Common Stock $7,131,276 0.65% 143,026 $-3,799,607 Down ×2
HUT Hut 8 Corp. - Common Stock $7,011,898 0.64% 60,738 $179,597 Down ×3
TLN Talen Energy Corporation - Common Stock $6,782,189 0.62% 17,650
FPS Forgent Power Solutions, Inc. Class A Common Stock $6,103,710 0.55% 109,268 Up ×1
RYTM Rhythm Pharmaceuticals, Inc. - Common Stock $4,674,363 0.42% 42,100
LUXE LuxExperience B.V. American Depositary Shares, each representing one Ordinary Share $4,383,700 0.40% 590,000 $-336,300
SNOW Snowflake Inc. Common Stock $3,690,250 0.33% 14,500 $-2,282,222 Down ×1
BORR Borr Drilling Limited Common Shares $3,622,010 0.33% 877,000 Up ×1
Unknown issuer (CUSIP: 74768A104) $3,351,340 0.30% 41,000 Up ×1
AI C3.ai, Inc. Class A Common Stock $3,294,671 0.30% 362,450 $609,112 Up ×1
TBBB BBB Foods Inc. Class A Common Shares $2,671,047 0.24% 64,100
TBN Tamboran Resources Corporation Common stock $2,617,055 0.24% 80,500 Up ×1
ONB Old National Bancorp - Common Stock $2,590,000 0.23% 100,000 $380,000
Unknown issuer (CUSIP: 03815J107) $2,517,190 0.23% 110,500 Up ×1
GIS General Mills, Inc. Common Stock $2,470,800 0.22% 71,000
VIAV Viavi Solutions Inc. - Common Stock $1,858,621 0.17% 38,924 Up ×1
QBTS D-Wave Quantum Inc. Common Shares $1,314,652 0.12% 54,800 Up ×1
DDOG Datadog, Inc. - Class A Common Stock $1,171,620 0.11% 4,500
Unknown issuer (CUSIP: G2R11M108) $261,490 0.02% 5,330 Up ×1
DUOL Duolingo, Inc. - Class A Common Stock $172,530 0.02% 1,500 Up ×1
STEM Stem, Inc. Class A Common Stock $64,839 0.01% 8,302 $-8,551

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
V $26,469,394 2.40% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
PL $21,872,426 660,200 1.98%
DELL $16,179,750 37,500 1.47%
COF $15,046,500 75,000 1.37%
ADI $14,397,413 36,250 1.31%
MRVL $14,368,128 48,233 1.30%
INTC $13,739,592 98,400 1.25%
ONTO $12,337,470 32,600 1.12%
TLN $6,782,189 17,650 0.62%
FPS $6,103,710 109,268 0.55%
RYTM $4,674,363 42,100 0.42%
BORR $3,622,010 877,000 0.33%
Unknown issuer (CUSIP: 74768A104) $3,351,340 41,000 0.30%
TBBB $2,671,047 64,100 0.24%
TBN $2,617,055 80,500 0.24%
Unknown issuer (CUSIP: 03815J107) $2,517,190 110,500 0.23%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SNDK Bought more +8K +$58.4M
MU Trimmed -4K +$32.4M
AMZN Trimmed -133K -$20.9M
LRCX Trimmed -8K +$17.9M
AMAT Trimmed -11K +$16.8M
NXPI Bought more +39K +$14.3M
STX Price move only +0 +$10.2M
BE Trimmed -5K +$8.9M
COHR Trimmed -24K +$8.6M
TER Price move only +0 +$7.1M

3 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
CLS March 31, 2026 100,439 $29,690,773 -7.7%
CYBR March 31, 2026 65,459 $29,198,642 No longer tracked
MRVL March 31, 2026 245,428 $20,856,471 130.7%
BABA March 31, 2026 137,000 $20,081,460 -20.6%
BABA June 30, 2025 131,100 $17,335,353 -12.1%
QXO Dec. 31, 2025 802,800 $15,301,368 -45.5%
PINS Dec. 31, 2025 472,350 $15,195,500 -13.8%
WDC March 31, 2026 83,138 $14,322,183 27.1%
PM March 31, 2026 89,281 $14,320,672 20.6%
XBI March 31, 2026 110,700 $13,497,651 17.1%
TWLO March 31, 2026 93,000 $13,228,320 108.1%
FTAI March 31, 2026 67,011 $13,191,115 -37.0%
BSX March 31, 2026 135,600 $12,929,460 -27.2%
TTAN Sept. 30, 2025 116,000 $12,432,880 -13.7%
DG March 31, 2026 90,000 $11,949,300 11.8%
EOSE March 31, 2026 993,988 $11,391,102 -65.1%
GEV March 31, 2026 17,055 $11,146,636 -6.6%
RNR June 30, 2025 46,400 $11,136,000 45.2%
LOAR March 31, 2026 158,246 $10,760,728 7.5%
FIGR March 31, 2026 254,400 $10,389,696 -31.7%
AGI March 31, 2026 260,500 $10,050,090 -32.6%
TCEHY Dec. 31, 2025 117,900 $10,039,185 No longer tracked
ZS March 31, 2026 43,995 $9,895,355 81.9%
CRM March 31, 2026 37,258 $9,870,017 33.2%
NOW Dec. 31, 2025 10,650 $9,800,982 3.8%
FDX March 31, 2026 33,256 $9,606,328
HOOD March 31, 2026 83,588 $9,453,803 37.2%
TCEHY June 30, 2025 145,000 $9,256,800 No longer tracked
CEG March 31, 2026 25,175 $8,893,572 -9.2%
TBBB March 31, 2026 262,638 $8,769,483 65.4%
RYTM March 31, 2026 81,600 $8,734,464 2.6%
MTZ March 31, 2026 40,000 $8,694,800 -46.8%
SNDK Sept. 30, 2025 185,003 $8,389,886 1003.4%
JD June 30, 2025 198,600 $8,166,432 -22.3%
ADI March 31, 2026 29,214 $7,922,837 22.9%
VRNA Dec. 31, 2025 72,518 $7,738,396 No longer tracked
COF March 31, 2026 30,750 $7,452,570 10.4%
WGO March 31, 2026 181,657 $7,360,742 -7.6%
GLD March 31, 2026 18,050 $7,153,396
GS March 31, 2026 7,300 $6,416,700 3.5%
ISRG Sept. 30, 2025 11,775 $6,398,653 1.1%
WRBY June 30, 2025 348,150 $6,346,775 18.1%
GLXY Dec. 31, 2025 178,350 $6,030,014 -34.3%
TJX Dec. 31, 2025 41,675 $6,023,705 -5.6%
SITE Dec. 31, 2025 45,600 $5,873,280 -17.2%
SNPS June 30, 2026 14,479 $5,740,634 -3.6%
PGY Dec. 31, 2025 186,075 $5,524,567 -8.7%
DDOG March 31, 2026 40,239 $5,472,102 128.4%
SGI March 31, 2026 58,941 $5,262,252 -12.5%
LVS June 30, 2026 97,500 $5,253,300 -22.8%
IOT March 31, 2026 145,800 $5,168,610 41.7%
GIS March 31, 2026 106,160 $4,936,440 -7.6%
MELI Sept. 30, 2025 1,875 $4,900,556 -22.5%
ARIS March 31, 2026 301,000 $4,885,230 -16.7%
AXON June 30, 2025 9,150 $4,812,443 -49.2%
UTI Dec. 31, 2025 141,000 $4,589,550 -16.4%
TLN March 31, 2026 12,100 $4,535,564 2.7%
PCOR March 31, 2026 62,283 $4,530,465 10.5%
LYV March 31, 2026 30,800 $4,389,000 13.7%
VST June 30, 2026 29,000 $4,359,570 -11.6%
MA March 31, 2026 7,450 $4,253,056 24.8%
CSCO Sept. 30, 2025 60,000 $4,162,800 55.7%
PDD June 30, 2025 34,500 $4,083,075 -24.5%
TTD March 31, 2026 102,744 $3,900,162 -42.7%
VIA March 31, 2026 130,200 $3,777,102 145.0%
EQT Dec. 31, 2025 66,500 $3,619,595 3.8%
AMN March 31, 2026 223,241 $3,518,278 161.8%
AAOI Sept. 30, 2025 135,000 $3,468,150 160.4%
BA Dec. 31, 2025 15,900 $3,431,697 -13.3%
FUTU June 30, 2025 33,200 $3,398,020 -19.7%
ASND March 31, 2026 15,500 $3,305,220 6.4%
GE Sept. 30, 2025 11,900 $3,062,941 -5.0%
AFRM June 30, 2025 66,900 $3,023,211 1.4%
M Dec. 31, 2025 166,000 $2,976,380 9.3%
WYFI March 31, 2026 184,250 $2,911,150 -16.2%
ALNT June 30, 2026 47,000 $2,777,230 -14.8%
RBLX March 31, 2026 33,862 $2,743,838 -6.5%
KVYO June 30, 2026 129,200 $2,514,232 39.8%
OUST Dec. 31, 2025 90,150 $2,438,558 37.2%
OIH June 30, 2026 5,700 $2,303,997 5.8%
TLN June 30, 2025 11,500 $2,296,205 12.8%
PTON June 30, 2025 352,000 $2,224,640 -22.6%
MGNI Dec. 31, 2025 99,900 $2,175,822 41.0%
KYIV Dec. 31, 2025 160,000 $2,000,000 2.4%
AERO March 31, 2026 90,000 $1,976,400 8.2%
CRWV March 31, 2026 25,750 $1,843,958 -30.0%
SGHC March 31, 2026 135,000 $1,613,250 0.5%
WYNN March 31, 2026 11,867 $1,427,956 -28.4%
MDB June 30, 2025 7,500 $1,315,500 76.7%
ROOT June 30, 2026 27,000 $1,192,590 -5.4%
KSS Sept. 30, 2025 139,900 $1,186,352 59.9%
CYTK Sept. 30, 2025 35,600 $1,176,224 11.4%
ANF June 30, 2025 15,000 $1,145,550 88.1%
ANGI Dec. 31, 2025 70,000 $1,138,200 -48.8%
PROF March 31, 2026 130,000 $1,023,100 -14.2%
XHB June 30, 2026 10,200 $1,006,944 -14.9%
GKOS Sept. 30, 2025 8,600 $888,294 119.4%
HITI Dec. 31, 2025 151,500 $549,945 -2.3%
COIN March 31, 2026 1,500 $339,210 -5.8%
BTBT June 30, 2026 253,000 $331,430 -53.1%
AI Sept. 30, 2025 13,000 $319,410 -28.1%
BTG June 30, 2026 45,800 $207,474 No longer tracked