~13–14% since 1977
Portfolio value
$22.7B
Positions
28
Top 5 concentration
57%
New buys this quarter
6
| Stock | Move | % of portfolio | Value |
|---|---|---|---|
| $TFPM.TO TRIPLE FLAG PRECIOUS METAL | Held | 17.6% | $4.0B |
| $PSX PHILLIPS 66 | Held | 14.4% | $3.3B |
| $QQQ INVESCO QQQ TR | Added | 11.3% | $2.6B |
| $SU SUNCOR ENERGY INC NEW | Trimmed | 7% | $1.6B |
| $HPE HEWLETT PACKARD ENTERPRISE C | Added | 6.4% | $1.5B |
| $IGV ISHARES TR | New buy | 6.3% | $1.4B |
| $LUV SOUTHWEST AIRLS CO | Trimmed | 5.5% | $1.2B |
| $XLI SELECT SECTOR SPDR TR | Trimmed | 4.2% | $959M |
| $XLY SELECT SECTOR SPDR TR | Added | 3.7% | $833M |
| $XLP SELECT SECTOR SPDR TR | Added | 3.5% | $800M |
| $GDX VANECK ETF TRUST | Added | 3% | $690M |
| $IHI ISHARES TR | New buy | 3% | $687M |
| $UNIT UNITI GROUP LLC | Held | 3% | $677M |
| $PINS PINTEREST INC | Held | 2.6% | $589M |
| $ETSY ETSY INC | Held | 1.7% | $377M |
| $NCLH NORWEGIAN CRUISE LINE HLDGS | Added | 1.4% | $310M |
| $PEP PEPSICO INC | Held | 0.8% | $173M |
| $SDRL SEADRILL LTD | Trimmed | 0.7% | $168M |
| $SMH VANECK ETF TRUST | New buy | 0.7% | $164M |
| $EQIX EQUINIX INC | Held | 0.7% | $156M |
| $SNPS SYNOPSYS INC | New buy | 0.4% | $101M |
| $OR OR ROYALTIES INC. | Held | 0.4% | $98M |
| $XME SPDR SERIES TRUST | Held | 0.4% | $96M |
| $RSP INVESCO EXCHANGE TRADED FD T | New buy | 0.4% | $84M |
| $RIG TRANSOCEAN LTD | Held | 0.3% | $76M |
| $IWM ISHARES TR | Trimmed | 0.3% | $75M |
| $HDB HDFC BANK LTD | Held | 0.1% | $21M |
| $QNT QUANTINUUM INC | New buy | 0.1% | $12M |
Notable sell-outs this quarter: $DLR, $FTV, $EMR, $GLIBK, $HYG, $WPM, $IWD, $CCI
Source: SEC 13F via FMP · Jun 2026 report · 45-day filing delay. Long equity positions only. Not financial advice.