Returns–Not enough quarters yet
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| IVViShares Core S&P 500 ETF | $154.2M | 2.1% | −2.3% |
| Horizon Quantum Holdings LTDCUSIP Y4000A102 | $150.9M | 2.1% | New |
| Arqit Quantum IncCUSIP G0567U127 | $147.1M | 2.0% | +251.1% |
| AVGOBroadcom Inc | $143.1M | 2.0% | −70.4% |
| NVDANVIDIA Corp | $136.8M | 1.9% | +45.1% |
| MRVLMarvell Technology Inc | $115.3M | 1.6% | −30.1% |
| AMDAdvanced Micro Devices Inc | $106.2M | 1.5% | −7.7% |
| ARMARM Holdings PLC | $103.9M | 1.4% | −20.5% |
| CSCOCisco Systems Inc | $101.2M | 1.4% | +3.7% |
| QNTQuantinuum Inc | $95.3M | 1.3% | New |
| ALABAstera Labs Inc | $91.7M | 1.3% | −19.8% |
| GEVGE Vernova Inc | $91.6M | 1.3% | +219.1% |
| AMATApplied Materials Inc | $89.3M | 1.2% | −11.8% |
| ONTOOnto Innovation Inc | $86.8M | 1.2% | −1.2% |
| MKSIMKS Inc | $86.5M | 1.2% | −16.0% |
| BTQBTQ Technologies Corp | $85.0M | 1.2% | +153.2% |
| KLACKla Corp | $84.4M | 1.2% | +822.2% |
| QCOMQUALCOMM Inc | $84.0M | 1.2% | +33.2% |
| LRCXLam Research Corp | $82.9M | 1.2% | −17.0% |
| NOKNokia Oyj | $82.3M | 1.1% | −24.9% |
| MUMicron Technology Inc | $82.2M | 1.1% | −51.4% |
| TERTeradyne Inc | $82.0M | 1.1% | −7.1% |
| INTCIntel Corp | $81.5M | 1.1% | −38.7% |
| LSCCLattice Semiconductor Corp | $77.0M | 1.1% | −4.0% |
| Nebius Group NVCUSIP N97284108 | $76.6M | 1.1% | +2469.5% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| ARMARM Holdings PLC | December 31, 2025 | +224.4% | $103.9M |
| AMATApplied Materials Inc | December 31, 2025 | +181.3% | $89.3M |
| MKSIMKS Inc | December 31, 2025 | +178.3% | $86.5M |
| AMDAdvanced Micro Devices Inc | December 31, 2025 | +171.3% | $106.2M |
| Nebius Group NVCUSIP N97284108 | March 31, 2026 | +166.2% | $76.6M |
| LRCXLam Research Corp | December 31, 2025 | +153.1% | $82.9M |
| TERTeradyne Inc | December 31, 2025 | +150.0% | $82.0M |
| ONTOOnto Innovation Inc | December 31, 2025 | +139.7% | $86.8M |
| Tower Semiconductor LtdCUSIP M87915274 | December 31, 2025 | +122.0% | $69.9M |
| COHRCoherent Corp | December 31, 2025 | +113.7% | $69.4M |
Sold off last quarter
- MSTRStrategy Inc Swap Cs was $359.1M
- HIMSHims & Hers Health Inc was $154.1M
- SMCISuper Micro Computer Inc Com Swap Can - L was $141.6M
- SOFISofi Technologies Swap Nbc-l was $85.0M
- NVONovo-nordisk Swap Nbc-l was $80.6M
- Honeywell International IncCUSIP 438516106 was $50.0M
- BAHBooz Allen Hamilton Holding Corp was $35.3M
- SOUNSoundhound Ai Inc Swap Bmo-l was $26.4M
- QSQuantumscape Corp Swap Cs was $19.6M
- LMNDLemonade Inc Swap Cs was $11.6M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +30.9% | +14.8% |
| March 31, 2026 | +0.9% | −4.6% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Defiance ETFs, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1732541&type=13F-HR&dateb=&owner=include&count=40CIK 1732541
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1732541/000173254126000003/Filed August 14, 2026 · accession 0001732541-26-000003