Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (47 quarters reported)
$190M in Q4 2014 → $1.44B now. Hover for any quarter.
As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| AM Applied Matls Inc | 5.5% | Trimmed 52% | 109,202 | $79M |
| Kla Corp | 5.4% | New | 258,228 | $77.9M |
| EL Eli Lilly & Co | 5.2% | Trimmed 18% | 62,345 | $74.8M |
| GA Ge Aerospace | 5.1% | Trimmed 17% | 194,423 | $72.7M |
| TR Targa Res Corp | 4.9% | Trimmed 32% | 263,694 | $70.7M |
| Amphenol Corp | 4.7% | Trimmed 17% | 384,825 | $67.9M |
| IB Interactive Brokers Group In | 4.6% | Trimmed 33% | 756,747 | $65.9M |
| BW Berkley W R Corp | 4.5% | New | 918,030 | $64.7M |
| Visa Inc | 4.5% | Trimmed 17% | 187,072 | $64.2M |
| Trane Technologies PLC | 4.4% | Trimmed 32% | 129,674 | $63.7M |
| Howmet Aerospace Inc | 4.4% | New | 236,753 | $63.7M |
| W Wabtec | 4.4% | Trimmed 34% | 234,949 | $63.3M |
| Microsoft Corp | 4.4% | Added 16% | 168,886 | $63M |
| Emcor Group Inc | 4.4% | New | 75,639 | $62.8M |
| Cintas Corp | 4.3% | Added 3.0% | 362,750 | $61.7M |
| Walmart Inc | 4.2% | Trimmed 18% | 536,487 | $60.8M |
| Costco Wholesale Corporation | 4.2% | New | 64,911 | $60.7M |
| Verisk Analytics Inc | 4.2% | Trimmed 3.0% | 338,078 | $60.7M |
| Mastercard Incorporated | 4.2% | Trimmed 17% | 117,240 | $60.2M |
| Mckesson Corp | 4.0% | Trimmed 18% | 76,979 | $58.2M |
| Broadcom Inc | 3.9% | Trimmed 35% | 148,085 | $55.9M |
| Msci Inc | 3.9% | Trimmed 17% | 99,434 | $55.7M |
| SS State Str SPDR S&P 500 ETF T | 0.2% | Trimmed 36% | 4,399 | $3.29M |
| RB Royal Bk Cda | 0.0% | Trimmed 11% | 3,397 | $703K |
| Brookfield Corp | 0.0% | Trimmed 1.8% | 14,036 | $599K |
| FN Firstservice Corp New | 0.0% | Added 1.7% | 4,205 | $598K |
| Canadian Pacific Kansas City | 0.0% | Trimmed 11% | 6,865 | $595K |
| Waste Connections Inc | 0.0% | Trimmed 11% | 3,553 | $592K |
| CI Canadian Imperial Bank Of Co | 0.0% | Trimmed 27% | 5,031 | $579K |
| CE Cenovus Energy Inc | 0.0% | New | 19,581 | $486K |
| Cameco Corp | 0.0% | New | 4,750 | $484K |
| M Moodys Corp | 0.0% | Trimmed 100% | 582 | $264K |
| Sherwin Williams Co | 0.0% | Trimmed 100% | 758 | $261K |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AM Applied Matls Inc | Trimmed | −116,627 | −$84.3M | 5.5% |
| Kla Corp | New | +258,228 | +$77.9M | 5.4% |
| Sherwin Williams Co | Trimmed | −209,304 | −$72.1M | — |
| M Moodys Corp | Trimmed | −143,706 | −$65.1M | — |
| BW Berkley W R Corp | New | +918,030 | +$64.7M | 4.5% |
| Howmet Aerospace Inc | New | +236,753 | +$63.7M | 4.4% |
| Thermo Fisher Scientific Inc | Exited | −129,062 | −$63.4M | — |
| Emcor Group Inc | New | +75,639 | +$62.8M | 4.4% |
| Costco Wholesale Corporation | New | +64,911 | +$60.7M | 4.2% |
| Intuit | Exited | −138,884 | −$60.1M | — |
Showing the 10 largest of 38 changes.
quarter ended March 31, 2026 · filed May 12, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| TR Targa Res Corp | New | +389,655 | +$97.7M | 6.3% |
| OD Old Dominion Freight Line In | Exited | −549,239 | −$86.1M | — |
| Walmart Inc | New | +652,030 | +$81M | 5.2% |
| Unitedhealth Group Inc | Exited | −243,684 | −$80.4M | — |
| Trane Technologies PLC | New | +191,026 | +$79.6M | 5.1% |
| Carrier Global Corporation | Exited | −1,304,888 | −$69M | — |
| Verisk Analytics Inc | New | +348,635 | +$66.2M | 4.3% |
| DP Dominos Pizza Inc | Exited | −146,644 | −$61.1M | — |
| AM Applied Matls Inc | Trimmed | −98,141 | −$33.5M | 5.0% |
| Amphenol Corp | Trimmed | −147,974 | −$18.7M | 3.8% |
Showing the 10 largest of 38 changes.
quarter ended December 31, 2025 · filed February 06, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AN Amphenol Corp New | New | +611,263 | +$82.6M | 4.8% |
| IB Interactive Brokers Group In | New | +1,211,726 | +$77.9M | 4.5% |
| M& Marsh & Mclennan Cos Inc | Exited | −346,194 | −$69.8M | — |
| Zoetis Inc | Exited | −416,305 | −$60.9M | — |
| Broadcom Inc | Trimmed | −79,098 | −$27.4M | 4.2% |
| AM Applied Matls Inc | Trimmed | −93,489 | −$24M | 4.8% |
| OD Old Dominion Freight Line In | Added | +143,984 | +$22.6M | 5.0% |
| Carrier Global Corporation | Added | +360,703 | +$19.1M | 4.0% |
| GA Ge Aerospace | Trimmed | −61,225 | −$18.9M | 4.5% |
| Thermo Fisher Scientific Inc | Trimmed | −30,007 | −$17.4M | 4.6% |
Showing the 10 largest of 35 changes.
quarter ended September 30, 2025 · filed November 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Unitedhealth Group Inc | Added | +107,494 | +$37.1M | 5.2% |
| GA Ge Aerospace | Trimmed | −113,581 | −$34.2M | 5.5% |
| Broadcom Inc | Trimmed | −43,682 | −$14.4M | 5.6% |
| Microsoft Corp | Trimmed | −5,703 | −$2.95M | 5.4% |
| Mastercard Incorporated | Trimmed | −4,996 | −$2.84M | 5.2% |
| Visa Inc | Trimmed | −8,315 | −$2.84M | 4.9% |
| Cintas Corp | Trimmed | −13,277 | −$2.73M | 4.6% |
| AM Applied Matls Inc | Trimmed | −13,282 | −$2.72M | 5.0% |
| W Wabtec | Trimmed | −13,295 | −$2.67M | 4.6% |
| Intuit | Trimmed | −3,902 | −$2.66M | 4.5% |
Showing the 10 largest of 31 changes.
quarter ended June 30, 2025 · filed August 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Microchip Technology Inc. | Exited | −1,650,617 | −$79.9M | — |
| AP Accenture PLC Ireland | New | +248,878 | +$74.4M | 4.2% |
| Mckesson Corp | Trimmed | −67,580 | −$49.5M | 4.4% |
| Cintas Corp | Trimmed | −121,211 | −$27M | 5.0% |
| GA Ge Aerospace | Trimmed | −98,869 | −$25.4M | 6.2% |
| Broadcom Inc | Trimmed | −81,290 | −$22.4M | 5.2% |
| Intuit | Trimmed | −26,560 | −$20.9M | 5.2% |
| Visa Inc | Trimmed | −58,448 | −$20.8M | 5.1% |
| Mastercard Incorporated | Trimmed | −36,797 | −$20.7M | 5.1% |
| Microsoft Corp | Trimmed | −41,498 | −$20.6M | 5.2% |
Showing the 10 largest of 32 changes.
quarter ended March 31, 2025 · filed May 08, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Corteva Inc | Exited | −1,722,139 | −$98.1M | — |
| EL Eli Lilly & Co | New | +118,275 | +$97.7M | 4.8% |
| DP Dominos Pizza Inc | New | +200,425 | +$92.1M | 4.5% |
| LC Lowes Cos Inc | Exited | −362,473 | −$89.5M | — |
| W Wabtec | New | +489,358 | +$88.7M | 4.3% |
| Csx Corp | Exited | −2,457,257 | −$79.3M | — |
| Microchip Technology Inc. | Added | +466,458 | +$22.6M | 3.9% |
| AM Applied Matls Inc | Added | +145,891 | +$21.2M | 3.8% |
| Msci Inc | Trimmed | −30,466 | −$17.2M | 4.3% |
| Broadcom Inc | Trimmed | −92,284 | −$15.5M | 3.4% |
Showing the 10 largest of 35 changes.
quarter ended December 31, 2024 · filed February 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Carrier Global Corporation | Trimmed | −325,900 | −$22.2M | 4.0% |
| Microchip Technology Inc. | Added | +224,841 | +$12.9M | 3.3% |
| SS SPDR S&P 500 ETF Tr | Added | +14,362 | +$8.42M | 0.5% |
| Corteva Inc | Trimmed | −35,361 | −$2.01M | 4.8% |
| Thermo Fisher Scientific Inc | Trimmed | −3,745 | −$1.95M | 4.1% |
| Zoetis Inc | Trimmed | −11,709 | −$1.91M | 4.2% |
| Unitedhealth Group Inc | Trimmed | −3,127 | −$1.58M | 4.5% |
| LC Lowes Cos Inc | Trimmed | −5,284 | −$1.3M | 4.4% |
| Sherwin Williams Co | Trimmed | −3,520 | −$1.2M | 4.7% |
| TI Tfi Intl Inc | New | +8,651 | +$1.17M | 0.1% |
Showing the 10 largest of 34 changes.
quarter ended September 30, 2024 · filed November 12, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Cintas Corp | Added | +386,901 | +$79.7M | 4.9% |
| Broadcom Inc | Added | +459,764 | +$79.3M | 4.0% |
| Mckesson Corp | Trimmed | −1,622 | −$802K | 3.9% |
| Corteva Inc | Trimmed | −10,852 | −$638K | 4.7% |
| Microchip Technology Inc. | Trimmed | −7,795 | −$626K | 3.5% |
| M Moodys Corp | Trimmed | −1,199 | −$569K | 5.0% |
| SS SPDR S&P 500 ETF Tr | Added | +842 | +$483K | 0.1% |
| Carrier Global Corporation | Trimmed | −5,930 | −$477K | 5.6% |
| Sherwin Williams Co | Trimmed | −1,192 | −$455K | 5.1% |
| Intuit | Trimmed | −708 | −$440K | 4.1% |
Showing the 10 largest of 31 changes.
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