Educational and informational only, not personalized investment advice. Based on public filings that may be delayed or contain errors; verify with the original filings. Disclaimer
Investing style at a glance · Q2 2026
- Concentrated: 32 stocks, with 54.2% of the portfolio in the 10 largest.
- Biggest sector: Energy (22.9% of the portfolio).
- Turnover this quarter: low — 1 new positions and 1 sold out (7 added to, 24 trimmed).
- Largest position: CVE at 7.1% of the portfolio.
Worked out from this 13F only (long stock positions). ⓘConcentration: The share of a portfolio in its 10 largest positions. High = a few big bets; low = spread out. Guide ⓘTurnover: How many positions were opened or closed this quarter compared with the number held. Guide
Portfolio value over time
Reported 13F value per quarter (dashed = partial quarter)
Sector allocation
Q2 2026
- Energy22.9%
- Financials20.9%
- Health Care16.4%
- Industrials13.5%
- Real Estate12.9%
- Consumer Discretionary8.0%
- Consumer Staples4.0%
- Materials1.4%
- ETFs & Funds0.0%
Top holdings over time
Share of the portfolio each quarter (current top 5)
Quarter-by-quarter activity
Positions bought (new or added) vs sold (trimmed or exited)
Insights
Adds vs. trims · Q2 2026
Largest estimated dollar adds (green) and trims (red) this quarter. Click a bar to open the stock.
Sector allocation over time
Share of the reported portfolio in each sector, by quarter
Performance context
Reported 13F value vs. the S&P 500 between the same quarter-end dates, and a hypothetical “copy the top 10” strategy vs. SPY. Prices through Oct 27, 2026.
Read these numbers carefully: “Reported value change” is the change in the total value of the shares on this manager’s 13F — it is not the fund’s investment return. The total also moves when investors put money into the fund or take it out, and a 13F covers only long US-listed shares — no shorts, bonds, cash or foreign stocks — so the fund’s actual return can be higher or lower.
Reported value vs. S&P 500 (cumulative)
Hypothetical top-10 vs. SPY (cumulative)
Quarter-by-quarter numbers
| Quarter | Reported value | Value change | S&P 500 | Top-10 held | Top-10 | SPY | Coverage |
|---|---|---|---|---|---|---|---|
| Q3 2026 | $4.71B | +0.9% | +2.0% | Oct 19, 2026 – Oct 27, 2026 (open) | +2.4% | +0.4% | 100% |
| Q2 2026 | $4.66B | +1.4% | +14.9% | Aug 12, 2026 – Oct 19, 2026 | +1.5% | -0.5% | 100% |
| Q1 2026 | $4.60B | -4.6% | -4.6% | May 15, 2026 – Aug 12, 2026 | +8.3% | +4.8% | 100% |
| Q4 2025 | $4.82B | -6.9% | +2.3% | Feb 10, 2026 – May 15, 2026 | +5.7% | +7.1% | 100% |
| Q3 2025 | $5.18B | +3.6% | +7.8% | Nov 11, 2025 – Feb 10, 2026 | +9.9% | +1.6% | 100% |
| Q2 2025 | $4.99B | -14.4% | +10.6% | Aug 15, 2025 – Nov 11, 2025 | +4.8% | +6.4% | 100% |
| Q1 2025 | $5.83B | -9.6% | -4.6% | May 15, 2025 – Aug 15, 2025 | +12.0% | +9.3% | 100% |
| Q4 2024 | $6.45B | -8.0% | +2.1% | Feb 13, 2025 – May 15, 2025 | -10.1% | -2.9% | 100% |
Not investment advice. Hypothetical, not actual results. 13F filings arrive up to 45 days after quarter end, so anyone copying them buys late; the top-10 figures start the day after each filing was published. Reported value changes include deposits and withdrawals and are not the fund's return. Costs, taxes and positions without price data are ignored. Past performance does not predict future results. How this is calculated
Column filters
| Ticker | Company | Sector | Shares | Value ↓ | % of portfolio | Change | Δ shares | Δ shares % | Est. Δ value ⓘChange in shares × this quarter's price |
|---|---|---|---|---|---|---|---|---|---|
| CVE | Cenovus Energy Inc | Energy | 13.37M | $331.45M | 7.1% | Reduced | -1.5M | -10.1% | -$37.12M |
| SPG | Simon Property Group Inc | Real Estate | 1.40M | $313.05M | 6.7% | Reduced | -160.1K | -10.3% | -$35.81M |
| MRK | Merck & Co., Inc | Health Care | 2.33M | $299.98M | 6.4% | Reduced | -136.9K | -5.5% | -$17.60M |
| MAC | Macerich Co | Real Estate | 11.48M | $289.22M | 6.2% | Reduced | -673.6K | -5.5% | -$16.97M |
| APA | APA Corp | Energy | 7.81M | $254.33M | 5.5% | Reduced | -461.2K | -5.6% | -$15.02M |
| AMGN | Amgen Inc | Health Care | 659.24K | $238.72M | 5.1% | Reduced | -38.7K | -5.5% | -$14.01M |
| DHI | Horton D R Inc | Industrials | 1.41M | $230.35M | 4.9% | Reduced | -83.5K | -5.6% | -$13.60M |
| AXP | American Express Co | Financials | 569.06K | $192.49M | 4.1% | Reduced | -33.6K | -5.6% | -$11.36M |
| NVR | NVR Inc | Industrials | 28.25K | $192.47M | 4.1% | Added | +6.7K | +31.2% | +$45.72M |
| TGT | Target Corp | Consumer Staples | 1.41M | $184.16M | 4.0% | Reduced | -82.7K | -5.5% | -$10.80M |
| LEN | Lennar Corp (Class A) | Industrials | 2.02M | $182.83M | 3.9% | Added | +434.2K | +27.4% | +$39.29M |
| FITB | Fifth Third Bancorp | Financials | 3.17M | $178.80M | 3.8% | Added | +340.4K | +12.0% | +$19.19M |
| FANG | Diamondback Energy, Inc | Energy | 1.01M | $177.54M | 3.8% | Reduced | -59.3K | -5.5% | -$10.43M |
| COP | Conocophillips | Energy | 1.58M | $164.03M | 3.5% | Reduced | -93.5K | -5.6% | -$9.72M |
| BAC | Bank of America Corp | Financials | 2.61M | $148.54M | 3.2% | Reduced | -152.9K | -5.5% | -$8.71M |
| OXY | Occidental Petroleum Corp | Energy | 2.89M | $140.37M | 3.0% | Reduced | -205.6K | -6.6% | -$9.98M |
| UNH | Unitedhealth Group Inc | Health Care | 328.41K | $136.50M | 2.9% | Reduced | -18.7K | -5.4% | -$7.77M |
| WAL | Western Alliance Bancorporation | Financials | 1.59M | $131.08M | 2.8% | Added | +239.1K | +17.6% | +$19.65M |
| JPM | Jpmorgan Chase & Co | Financials | 392.90K | $128.61M | 2.8% | Reduced | -23.2K | -5.6% | -$7.59M |
| CACC | Credit Acceptance Corp | Financials | 198.81K | $126.59M | 2.7% | Reduced | -11.7K | -5.5% | -$7.43M |
| UHAL.B | U-Haul Holding Co | Consumer Discretionary | 2.03M | $117.20M | 2.5% | Reduced | -115.2K | -5.4% | -$6.65M |
| HD | Home Depot, Inc | Consumer Discretionary | 290.16K | $102.33M | 2.2% | Reduced | -17.2K | -5.6% | -$6.06M |
| EBAY | Ebay Inc | Consumer Discretionary | 815.92K | $91.18M | 2.0% | Reduced | -955.6K | -53.9% | -$106.79M |
| ZTS | Zoetis Inc (Class A) | Health Care | 1.23M | $88.62M | 1.9% | New | +1.2M | — | +$88.62M |
| MTB | M&t Bank Corp | Financials | 277.59K | $66.07M | 1.4% | Reduced | -16.3K | -5.5% | -$3.87M |
| CROX | Crocs, Inc | Materials | 489.25K | $59.02M | 1.3% | Reduced | -27.9K | -5.4% | -$3.37M |
| ULTA | Ulta Beauty, Inc | Consumer Discretionary | 117.98K | $53.20M | 1.1% | Reduced | -6.9K | -5.5% | -$3.12M |
| FRO | Frontline plc | Industrials | 633.77K | $21.98M | 0.5% | Added | +23.1K | +3.8% | +$800.34K |
| GTX | Garrett Motion Inc | Consumer Discretionary | 275.06K | $9.97M | 0.2% | Added | +20.2K | +7.9% | +$730.18K |
| WFG | West Fraser Timber Co., Ltd | Materials | 123.88K | $8.38M | 0.2% | Added | +9.1K | +7.9% | +$615.45K |
| OXY.WS | Occidental Petroleum Corp | Energy | 65.34K | $1.74M | 0.0% | Reduced | -85.9K | -56.8% | -$2.29M |
| IWD | Ishares Russell 1000 Value E | ETFs & Funds | 4.96K | $1.20M | 0.0% | Reduced | -1.3K | -20.9% | -$317.07K |
Column filters
| Ticker | Company | Sector | Shares sold | Value last quarter ↓ |
|---|---|---|---|---|
| QCOM | Qualcomm Inc | Information Technology | -545.8K | $70.29M |
13F filings on record (9)
| Quarter | Form | Filed | Type | Rows | Long value | |
|---|---|---|---|---|---|---|
| Q3 2026 | 13F-HR | Oct 16, 2026 | Original | 31 | $4.71B | SEC ↗ |
| Q2 2026 | 13F-HR | Aug 11, 2026 | Original | 32 | $4.66B | SEC ↗ |
| Q1 2026 | 13F-HR | May 14, 2026 | Original | 32 | $4.60B | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | Original | 32 | $4.82B | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | Original | 34 | $5.18B | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | Original | 33 | $4.99B | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | Original | 34 | $5.83B | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | Original | 34 | $6.45B | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | Original | 30 | $7.01B | SEC ↗ |