13F filer · reported 2026-Q2 · filed 2026-08-14 · Δ vs 2026-Q1 · US-listed long positions only 13F portfolio $11.1B · Positions 177 · Top 10 43.7% · Effective N 32.9 Filer13F 2026-Q2 | CIK934639 | Reported quarter2026-Q2 | | Prior quarter2026-Q1 | Filed2026-08-14 | | Reported value$11.1B | Positions177 |
Authorized signatory: Trevor Wiessmann · Authorized Person — the person who SIGNED this filer's latest 13F, frequently a compliance officer, general counsel or CFO, and not necessarily the portfolio manager. Reported 2026-Q2 · filed 2026-08-14ⓘ Implied return1.14y vs SPY | Cumulative+39.4% | CAGR+33.8% | | vs SPY+11.9pp | Vol (ann.)19.0% | | Sharpe1.64 | Max drawdown−14.4% | | Beta1.26 | Avg coverage98% | | Quarters replayed4 | |
2025-06-30 → 2026-08-21 · HYPOTHETICAL replication, not actual returnsⓘ Contribution10 of 556 names | Ticker | Avg wt | Return | Contrib. |
|---|
| AMAT | 1.7% | +204.3% | +5.26pp | | TSM | 4.7% | +81.5% | +4.22pp | | ASML | 2.4% | +134.9% | +3.26pp | | NTRA | 2.9% | +100.5% | +2.79pp | | AGX · exited | 1.1% | +126.7% | +2.76pp | | AMD | 2.0% | +182.1% | +2.57pp | | BSX | 1.9% | −52.6% | −1.78pp | | INTC | 1.1% | +263.2% | +1.47pp | | RTX | 2.7% | +59.7% | +1.42pp | | NVDA | 6.1% | +20.8% | +1.40pp |
Carino-linked; contributions sum to the book return — modeled, not actual results. 2025-08-24 → 2026-08-24 · book +33.2% · SPY +20.0% · largest absolute contributors first · HYPOTHETICALⓘ Top holdings12 of 177 · 49.8% of book | Holding | Weight | Value | Δ shares |
|---|
| NVDA | 5.5% | $612M | −3.7% | | AMD | 5.1% | $567M | +44.3% | | ALAB | 4.7% | $515M | +11.7% | | INTC | 4.6% | $512M | +22.5% | | GOOG | 4.6% | $510M | +65.2% | | AMZN | 4.3% | $482M | −12.8% | | NU | 4.3% | $475M | +58.4% | | META | 3.9% | $430M | new | | GFL | 3.4% | $375M | +165.0% | | NTRA | 3.3% | $368M | +15.8% | | TSM | 3.1% | $340M | −42.5% | | DKS | 3.0% | $334M | +41.1% |
Weights as filed for 2026-Q2 · Δ vs 2026-Q1ⓘ Sector split12 sectors | Sector | N | Weight |
|---|
| Information Technology | 78 | 29.5% | | Health Care | 24 | 16.7% | | Financials | 9 | 10.3% | | Consumer Discretionary | 8 | 10.3% | | Communication Services | 2 | 8.5% | | Industrials | 11 | 7.0% | | Consumer Staples | 21 | 6.5% | | Unclassified | 5 | 3.7% | | Materials | 13 | 3.6% | | Real Estate | 2 | 2.4% | | Utilities | 1 | 1.5% | | Energy | 3 | 0.0% |
SIC-derived, not GICS · 96% of weight classifiedⓘ Sector history8 of 52 quarters | Sector | 2024-Q2 | 2024-Q3 | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Information Technology | 23.4% | 26.3% | 28.7% | 23.5% | 33.4% | 25.3% | 26.1% | 26.3% | | Health Care | 9.4% | 12.9% | 10.5% | 15.2% | 13.6% | 15.1% | 12.0% | 19.9% | | Industrials | 7.3% | 6.6% | 6.7% | 6.4% | 6.5% | 13.2% | 14.7% | 13.6% | | Consumer Discretionary | 25.7% | 23.2% | 21.5% | 18.1% | 15.8% | 15.3% | 13.5% | 10.9% | | Financials | 10.7% | 10.4% | 14.4% | 13.0% | 13.3% | 11.2% | 10.1% | 10.5% | | Consumer Staples | 4.2% | 4.7% | 6.5% | 10.2% | 5.5% | 7.0% | 7.6% | 4.8% | | Materials | 0.2% | 0.6% | 0.2% | 4.0% | 3.5% | 4.7% | 1.1% | 4.3% | | Communication Services | 5.5% | 3.1% | 2.0% | 3.1% | 4.6% | 3.1% | 5.2% | 3.0% | | Real Estate | 5.9% | 3.0% | 2.0% | 0.0% | 0.2% | 0.1% | 3.7% | 2.6% | | Utilities | 2.1% | 2.6% | 2.4% | 2.4% | 2.3% | 2.0% | 2.2% | 2.2% | | Unclassified | 5.4% | 6.5% | 5.0% | 4.0% | 1.3% | 1.2% | 2.5% | 1.9% | | Energy | 0.1% | 0.2% | 0.1% | 0.1% | 0.1% | 1.7% | 1.3% | 0.1% | | Top-10 concentration | 44.6% | 41.7% | 41.5% | 41.2% | 48.4% | 42.7% | 43.7% | 40.3% |
SIC-derived, not GICS · 98% of the latest book classified · share of the filed book, per quarterⓘ Basis & disclosures - As filed · positions and weights exactly as the 13F states them · nothing imputed · absent “—”
- 13F is US-listed long only · filed up to 45 days after quarter-end · a LOWER bound on what this filer manages, never a total — shorts, options, cash, bonds and non-US listings are outside it
- As filed — the holdings and weights are the 13F itself; no return engine produced them
- Implied returns are a replication, not a track record · the filed book valued daily and rebalanced to each new filing · no fees, no timing, and nothing a 13F does not carry
- Not investment advice · no recommendation, forecast or offer · past ≠ future · this is a filer's public record, not a solicitation
- SEC Form 13F · SEC Form ADV · licensed end-of-day prices · spzco.com/methodology
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