| Stock | Ownership Trend | Portfolio % | Prev Q % | Q2 2026 Value | Q2 2026 Shares | Prev Q Value | Prev Q Shares | Shares Change | Action |
|---|---|---|---|---|---|---|---|---|---|
 VISA INCV | 52.39% | 62.32% | $163.0M | 475,021 | $149.6M | 495,118 | -20,097-4.06% | Reduce | |
 INTERACTIVE BROKERS GROUP INC COM CL AIBKR | 28.22% | 29.35% | $87.8M | 1.0M | $70.5M | 1.1M | -42,284-4.02% | Reduce | |
 MASTERCARD INCORPORATEDMA | 10.19% | 8.32% | $31.7M | 61,687 | $20.0M | 40,000 | +21,687+54.22% | Add | |
 T-MOBILE US INC COMTMUS | 9.2% | — | $28.6M | 170,642 | $0 | 0 | +170,642 | New Buy |
