与标普500指数的表现对比

03
追踪时间 Q1 2025–Q2 2026 +25.6%
标普500指数同期总回报率 +37.0%
超额回报 -11.4%

年化：+20.0% · 标普500指数：+28.7%

近似于基于季度SEC 13F快照构建的买入并持有投资组合。不包括现金、空头头寸、期权/衍生品和非13(f)证券——仅反映已披露的多头股票账簿，而非基金总资产管理规模。SEC文件延迟最多可达45天；这不是一个可实时复制的交易。

可定价覆盖率：98.1% · 已排除期权：0.0%

行业细分

04
Financials 30.7%
Communication Services 18.8%
Technology 18.1%
Industrials 11.8%
Retail 6.9%
Healthcare 4.2%
Energy 3.2%
Real Estate 2.0%
Consumer Discretionary 1.5%
其他/未映射 2.8%

完整投资组合 29 持仓

05
类型 连胜 8个季度趋势
GOOGL Alphabet Inc. - Class A Common Stock $142948000 10.66% 400000 $27924000
ADI Analog Devices, Inc. - Common Stock $139009500 10.37% 350000 $27660500
PGR Progressive Corporation (The) Common Stock $87380000 6.52% 400000 $8084000
COF Capital One Financial Corporation Common Stock $70217000 5.24% 350000 $6366500
KEYS Keysight Technologies Inc. Common Stock $70014000 5.22% 200000 $13540000
SCHW Charles Schwab Corporation (The) Common Stock $64589000 4.82% 700000 $-1197000
AMZN Amazon.com, Inc. - Common Stock $61968400 4.62% 260000 $7818200
AJG Arthur J. Gallagher & Co. Common Stock $58540350 4.37% 255000 $29302050 上涨 ×2
MSI Motorola Solutions, Inc. Common Stock $58140600 4.34% 140000 $-2615200
META Meta Platforms, Inc. - Class A Common Stock $50696100 3.78% 90000 $-795600
AXP American Express Company Common Stock $47355000 3.53% 140000 $5007800
TDY Teledyne Technologies Incorporated Common Stock $46683000 3.48% 70000 $4332300
JPM JP Morgan Chase & Co. Common Stock $45826200 3.42% 140000 $4643800
CVX Chevron Corporation Common Stock $42476000 3.17% 256250 $-10542125
TSM Taiwan Semiconductor Manufacturing Company Ltd. $38205600 2.85% 80000 $11169600
未知发行人 (CUSIP: 866966104) $37405000 2.79% 500000 $-1649000 下跌 ×1
MELI MercadoLibre, Inc. - Common Stock $30553020 2.28% 18000 $3753210 上涨 ×2
MSFT Microsoft Corporation - Common Stock $29841600 2.23% 80000 $228000
RYN Rayonier Inc. REIT Common Stock $26815567 2.00% 1260130 $831686
V Visa Inc. $25731750 1.92% 75000 $3063750
EFX Equifax, Inc. Common Stock $23014400 1.72% 145000 $5007400 上涨 ×1
NKE Nike, Inc. Common Stock $20525000 1.53% 500000 $-5885000
MDT Medtronic plc. Ordinary Shares $19557500 1.46% 250000 $-2105000
MRK Merck & Company, Inc. Common Stock (new) $19275000 1.44% 150000 $1231500
CLBT Cellebrite DI Ltd. - Ordinary Shares $18980000 1.42% 1300000 上涨 ×1
BRC Brady Corporation Common Stock $18314000 1.37% 200000 $2066000
JNJ Johnson & Johnson Common Stock $17777900 1.33% 70000 $667100
ROP Roper Technologies, Inc. - Common Stock $16919500 1.26% 50000 $-773500
TWFG TWFG, Inc. - Common Stock $12025000 0.90% 500000 $2830000

最大新仓位

09

本季度新开仓位，按规模从大到小排序。

证券价值股份% 占投资组合
CLBT $18980000 1300000 1.42%

季度涨幅榜

10
证券操作股份变动价值变动
AJG 增持 +120K +$29.3M
GOOGL 仅价格变动 +0 +$27.9M
ADI 仅价格变动 +0 +$27.7M
KEYS 仅价格变动 +0 +$13.5M
TSM 仅价格变动 +0 +$11.2M
CVX 仅价格变动 +0 -$10.5M
PGR 仅价格变动 +0 +$8.1M
AMZN 仅价格变动 +0 +$7.8M
COF 仅价格变动 +0 +$6.4M
NKE 仅价格变动 +0 -$5.9M

已退出持仓

11

包含公司事件（合并、退市）——并非所有退出都是卖出

已关闭的头寸反映了 13F 报告的变更；对于指数管理人来说，这些通常是机械性的（退市、并购、指数再平衡），而不是主动决策。

证券季度先前持股数先前价值退出后价格
HES 2025年9月30日 250000 $34635000 不再跟踪
COHR 2026年3月31日 150000 $27685500 41.5%
AON 2026年6月30日 80000 $25822400 -18.8%
WSC 2026年6月30日 225000 $3906000 -40.1%