与标普500指数的表现对比

03
追踪时间 Q1 2025–Q1 2026 +24.5%
标普500指数同期总回报率 +19.3%
超额回报 +5.2%

年化：+24.5% · 标普500指数：+19.3%

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：90.4% · 已排除期权：0.3%

行业细分

04
Technology 19.7%
Industrials 19.1%
Financials 14.5%
Communication Services 11.9%
Healthcare 10.2%
Retail 5.6%
Energy 2.8%
Materials 2.5%
Utilities 2.2%
Consumer Discretionary 1.9%
Consumer Staples 0.6%
其他/未映射 9.0%

完整投资组合 101 持仓

05
类型 连胜 8个季度趋势
BRK-B (申报为 BRKB) Berkshire Hathaway Inc. Class B $21982288 6.56% 45873 $-318977 上涨 ×2
GOOGL Alphabet Inc. - Class A Common Stock $21257007 6.34% 73922 $-1895209 上涨 ×1
AAPL Apple Inc. - Common Stock $16081896 4.80% 63367 $-1466521 下跌 ×5
MSFT Microsoft Corporation - Common Stock $13136056 3.92% 35487 $-2308405 上涨 ×3
GLW Corning Incorporated Common Stock $11960533 3.57% 87965 $4027613 下跌 ×1
ECG Everus Construction Group, Inc. Common Stock $9068729 2.71% 76815 $2092306 下跌 ×1
ASML ASML Holding N.V. - New York Registry Shares $8935102 2.67% 6765 $681030 下跌 ×1
JNJ Johnson & Johnson Common Stock $8715106 2.60% 35653 $1257391 下跌 ×1
FNV Franco-Nevada Corporation $8369577 2.50% 33878 $1666589 上涨 ×3
NVDA NVIDIA Corporation - Common Stock $7748582 2.31% 44430 $-1190614 下跌 ×2
GOOG Alphabet Inc. - Class C Capital Stock $7678668 2.29% 26768 $-2116746 下跌 ×2
DELL Dell Technologies Inc. Class C Common Stock $7338103 2.19% 44709 $1685288 上涨 ×2
VTI Vanguard Morningstar Total Stock Market ETF $7295744 2.18% 22742 $-176527 上涨 ×3
MDU MDU Resources Group, Inc. Common Stock (Holding Company) $7266765 2.17% 350713 $544219 上涨 ×2
V Visa Inc. $7199576 2.15% 23821 $-976971 上涨 ×1
AMGN Amgen Inc. - Common Stock $7150413 2.13% 20322 $532332 上涨 ×4
MRK Merck & Company, Inc. Common Stock (new) $7120782 2.13% 59197 $940775 上涨 ×1
COST Costco Wholesale Corporation - Common Stock $6953089 2.07% 6978 $545350 下跌 ×2
MKL Markel Group Inc. Common Stock $6817279 2.03% 3562 $-812610 上涨 ×4
TMO Thermo Fisher Scientific Inc Common Stock $6554884 1.96% 13336 $362683 上涨 ×3
OKE ONEOK, Inc. Common Stock $5834764 1.74% 64551 $2771551 上涨 ×1
AMTM Amentum Holdings, Inc. Common Stock $5317975 1.59% 203910 $-186174 上涨 ×3
ESAB ESAB Corporation Common Stock $5298321 1.58% 54814 $-365638 上涨 ×4
FNF Fidelity National Financial, Inc. Common Stock $4792821 1.43% 103338 $-1030725 下跌 ×1
JPM JP Morgan Chase & Co. Common Stock $4730975 1.41% 16083 $-125197 上涨 ×1
DE Deere & Company Common Stock $4707364 1.40% 8357 $783418 下跌 ×1
BLDR Builders FirstSource, Inc. Common Stock $4551522 1.36% 55284 $-1601768 下跌 ×1
KNF Knife Riv Holding Co. Common Stock $4533545 1.35% 55524 $651376 上涨 ×4
BATRA Atlanta Braves Holdings, Inc. - Series A Common Stock $4251841 1.27% 90177 $397179 下跌 ×1
QCOM QUALCOMM Incorporated - Common Stock $4192318 1.25% 32554 $-1513223 下跌 ×1
MCD McDonald's Corporation Common Stock $4017928 1.20% 12928 $44420 上涨 ×2
META Meta Platforms, Inc. - Class A Common Stock $3997472 1.19% 6987 $-102735 上涨 ×5
WMT Walmart Inc. - Common Stock $3973232 1.19% 31970 $263785 下跌 ×1
CP Canadian Pacific Kansas City Limited Common Shares $3796767 1.13% 48390 $207324 上涨 ×2
AMZN Amazon.com, Inc. - Common Stock $3667218 1.09% 17608 $-539242 下跌 ×3
AMD Advanced Micro Devices, Inc. - Common Stock $3131398 0.93% 15393 $901322 上涨 ×2
XLK SELECT SECTOR SPDR TRUST $3103178 0.93% 23350 $-682909 下跌 ×1
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $2962533 0.88% 23613 $-475415 上涨 ×2
XLC SELECT SECTOR SPDR TRUST $2858348 0.85% 25783 $160038 上涨 ×1
LLY Eli Lilly and Company Common Stock $2392322 0.71% 2601 $-606042 下跌 ×1
GVIP Goldman Sachs ETF Trust $2353636 0.70% 16151 $-68343 上涨 ×5
DFSV Dimensional ETF Trust $2339618 0.70% 66770 上涨 ×1
QXO QXO, Inc. Common Stock $2236059 0.67% 115142 $178753 上涨 ×1
UBER Uber Technologies, Inc. Common Stock $1998647 0.60% 27786 $-140833 上涨 ×1
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $1959858 0.58% 5020 $-273265 上涨 ×1
NFLX Netflix, Inc. - Common Stock $1736469 0.52% 18060 $42857
NOW ServiceNow, Inc. Common Stock $1716711 0.51% 16420 $672037 上涨 ×2
FDX FedEx Corporation Common Stock $1550808 0.46% 4354 $280572 下跌 ×2
SPY SPY $1446356 0.43% 2224 $-79898 下跌 ×3
MAR Marriott International - Class A Common Stock $1439108 0.43% 4400 $56028 下跌 ×1
EMR Emerson Electric Company Common Stock $1420912 0.42% 10845 $-40019 下跌 ×1
URI United Rentals, Inc. Common Stock $1415592 0.42% 1943 $-344941 下跌 ×2
LDOS Leidos Holdings, Inc. Common Stock $1403568 0.42% 9025 上涨 ×1
NVT nVent Electric plc Ordinary Shares $1369091 0.41% 11575 $169309 下跌 ×1
KO Coca-Cola Company (The) Common Stock $1365326 0.41% 17953 $91531 下跌 ×1
MLM Martin Marietta Materials, Inc. Common Stock $1339247 0.40% 2275 $-143276 下跌 ×1
ET Energy Transfer LP Common Units $1317708 0.39% 68275 $246454 上涨 ×1
EWZ iShares MSCI Brazil ETF $1228509 0.37% 32001 $92833 下跌 ×1
CM Canadian Imperial Bank of Commerce Common Stock $1192145 0.36% 12582 $52090
KWEB Krane Shares Trust $1167878 0.35% 41079 $94052 上涨 ×2
XLI SELECT SECTOR SPDR TRUST $1153475 0.34% 7132 $98551 上涨 ×3
VHT Vanguard Health Care ETF $1108655 0.33% 4071
DHR Danaher Corporation Common Stock $959945 0.29% 5063 $-256732 下跌 ×1
ABT Abbott Laboratories Common Stock $918897 0.27% 8950 $-437671 下跌 ×1
KKR KKR & Co. Inc. Common Stock $853775 0.25% 9230 $-153191 上涨 ×1
XOM Exxon Mobil Corporation Common Stock $797402 0.24% 4700 $20789 下跌 ×1
DIS Walt Disney Company (The) Common Stock $791665 0.24% 8214 $-226263 下跌 ×1
QQQ Invesco QQQ Trust, Series 1 $789005 0.24% 1367 $-140651 下跌 ×3
GDX VanEck Gold Miners ETF $752867 0.22% 8204 $-457284 下跌 ×1
PEP PepsiCo, Inc. - Common Stock $748498 0.22% 4820 $54476
XLE SELECT SECTOR SPDR TRUST $714904 0.21% 11670 $191868
HD Home Depot, Inc. (The) Common Stock $705140 0.21% 2144 $-428631 下跌 ×5
CVX Chevron Corporation Common Stock $698288 0.21% 3375 $155090 下跌 ×1
AVGO Broadcom Inc. - Common Stock $696398 0.21% 2250 $-90765
RSP Invesco Exchange-Traded Fund Trust $692639 0.21% 3609 $-2249
JPIE JPMorgan Income ETF $674225 0.20% 14635 $306965 上涨 ×1
ADP Automatic Data Processing, Inc. - Common Stock $619699 0.18% 3050 $-171868
BA Boeing Company (The) Common Stock $561265 0.17% 2820 $-53284
ABNB Airbnb, Inc. - Class A Common Stock $533154 0.16% 4222 $93828 上涨 ×1
IWR iShares Russell Mid-Cap ETF $513374 0.15% 5280 $-159
NCDL Nuveen Churchill Direct Lending Corp. Common Stock $479798 0.14% 37720 $-23387
VOO Vanguard S&P 500 ETF $473260 0.14% 792 $-28974 下跌 ×1
WTM White Mountains Insurance Group, Ltd. Common Stock $452574 0.14% 206 $24382
REGN Regeneron Pharmaceuticals, Inc. - Common Stock $422634 0.13% 547 $-76766 下跌 ×2
ZS Zscaler, Inc. - Common Stock $390988 0.12% 2787 $-157174 上涨 ×1
AMAT Applied Materials, Inc. - Common Stock $382805 0.11% 1120 $91639
AKRE Akre Focus ETF $377514 0.11% 7143 上涨 ×1
DTM DT Midstream, Inc. Common Stock $357010 0.11% 2651 $37728
CAT Caterpillar, Inc. Common Stock $354230 0.11% 500 $62671 下跌 ×1
TJX TJX Companies, Inc. (The) Common Stock $344952 0.10% 2160 $9681
PH Parker-Hannifin Corporation Common Stock $344667 0.10% 385 $-50858 下跌 ×1
EPD Enterprise Products Partners L.P. Common Stock $338782 0.10% 8953 $36158 下跌 ×1
TSLA Tesla, Inc. - Common Stock $302068 0.09% 813 $-184005 下跌 ×2
EMXC iShares MSCI Emerging Markets ex China ETF $298908 0.09% 3800 $22553
HACK Amplify Cybersecurity ETF $285342 0.09% 3800 $-23376
IBM International Business Machines Corporation Common Stock $284808 0.08% 1175 $-81407 下跌 ×1
CSCO Cisco Systems, Inc. - Common Stock $258607 0.08% 3333 $1288
VBIL Vanguard 0-3 Month Treasury Bill ETF $253966 0.08% 3357 上涨 ×1
TRV The Travelers Companies, Inc. Common Stock $249678 0.07% 856 $1387
NSC Norfolk Southern Corporation Common Stock $243950 0.07% 850 $-1462

重仓股

08

持仓连续增加3个季度以上。

持股数量按13F申报数据报告（未按拆股调整）

证券价值% 占投资组合连胜
MSFT $13136056 3.92% 上涨 ×3
FNV $8369577 2.50% 上涨 ×3
VTI $7295744 2.18% 上涨 ×3
AMGN $7150413 2.13% 上涨 ×4
MKL $6817279 2.03% 上涨 ×4
TMO $6554884 1.96% 上涨 ×3
AMTM $5317975 1.59% 上涨 ×3
ESAB $5298321 1.58% 上涨 ×4
KNF $4533545 1.35% 上涨 ×4
META $3997472 1.19% 上涨 ×5
GVIP $2353636 0.70% 上涨 ×5
XLI $1153475 0.34% 上涨 ×3

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
DFSV $2339618 66770 0.70%
LDOS $1403568 9025 0.42%
VHT $1108655 4071 0.33%
AKRE $377514 7143 0.11%
VBIL $253966 3357 0.08%
未知发行人 (CUSIP: 99QBBMP75) $174400 1000 0.05%

季度涨幅榜

10
证券操作股份变动价值变动
GLW 削减 -1K +$4.0M
OKE 增持 +23K +$2.8M
MSFT 增持 +4K -$2.3M
GOOG 削减 -4K -$2.1M
ECG 削减 -3K +$2.1M
GOOGL 增持 +110 -$1.9M
DELL 增持 +393 +$1.7M
FNV 增持 +2K +$1.7M
BLDR 削减 -4K -$1.6M
QCOM 削减 -330 -$1.5M

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
ZBRA 2025年12月31日 11296 $3356719 54.7%
VBR 2025年6月30日 9672 $1801872
BKNG 2025年9月30日 266 $1539938 -97.1%
GTLS 2026年3月31日 6690 $1380164 不再跟踪
VTWO 2026年3月31日 13722 $1365693
RIO 2025年6月30日 20884 $1254711 64.0%
VHT 2025年9月30日 4786 $1188632
IAI 2026年3月31日 5416 $971539
SMH 2025年9月30日 3082 $859581 94.2%
MU 2025年9月30日 5595 $689584 535.9%
BITB 2026年3月31日 12754 $606619
DUK 2026年3月31日 4625 $544270 -13.1%
SNAP 2025年9月30日 52956 $460188 -27.2%
CNR 2025年9月30日 6434 $448707 9.0%
VXX 2025年12月31日 13207 $437944 -35.0%
DXCM 2025年12月31日 5980 $402394 30.9%
PG 2026年3月31日 2634 $379383 1.0%
IBKR 2025年6月30日 1779 $294585 60.7%
GLD 2026年3月31日 700 $277933
ORCL 2025年12月31日 955 $268584 -26.9%
AZTA 2025年9月30日 7870 $242239 48.8%
PPG 2026年3月31日 2282 $236598 -1.5%
C 2026年3月31日 1980 $231046 13.3%
CSCO 2025年9月30日 3213 $222918 64.9%
ABBV 2025年6月30日 1012 $212034 43.2%
STEW 2025年6月30日 12208 $210588 -0.6%
MET 2026年3月31日 2600 $206672 37.0%
BXSL 2025年6月30日 6386 $206651 -23.5%
IDXX 2026年3月31日 300 $204696 -6.2%
DIA 2026年3月31日 420 $203108