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Portfolio Update — Double Follow-Up (Generac Holdings (GNRC) / EQT Update)

2026-09-21 (SEP 21, 2026 — Monday Portfolio Update; byline date on the post page) · Haymaker (Substack, paid post) · written post — no timestamps · ▶ Watch · raw transcript
Written post — no timestamps; text verbatim from the paid post (captured via Stephen's logged-in Chrome session). Bloomberg charts (GNRC 10-year forward P/E and price-to-sales; GNRC five-year price with overhead resistance lines; EQT five-year price with overhead resistance line; EQT five-year forward P/E and price-to-sales) and a Barron's photo (Sep 20, 2026) are not reproduced — chart titles and legible readings noted in brackets. The Buys / Holds-Trims / Sells tables were published as images and are transcribed at the end. Disclosures omitted.

Portfolio tables (transcribed from images) ==========================================================================

[Table image — BUYS — Ticker | Price | Cost | % Change | Date | Rating] (No change notes printed with the table. AZN new on Buys (POW! 2026-SEP-18). PBR no longer on Buys — moved to Holds/Trims. NHPEF rating cell highlighted (now B; was SB). PALL's 04/15/2024 lot now prints SB (B on 09/14), not highlighted.)

AESI $13.36 $10.09 32.41% 12/02/2025 B AG $19.27 $8.09 138.20% 07/30/2025 B AGI $35.18 $7.06 398.30% 07/11/2022 B AIG $74.85 $69.82 7.20% 02/26/2024 B ANGPY $14.20 $8.27 71.70% 12/29/2025 SB AZN $168.67 $166.29 1.43% 9/18/2026 B BABA $115.87 $162.11 -28.52% 05/14/2026 B BOLSY $10.63 $9.85 7.92% 07/13/2026 SB CPNG $14.61 $20.16 -27.53% 05/15/2026 SB CPRT $29.11 $27.52 5.78% 07/10/2026 B CRH $87.07 $73.23 18.90% 01/29/2024 SB CRH $87.07 $98.51 -11.61% 04/28/2025 SB DECK $80.38 $104.58 -23.14% 03/06/2026 B EOG $142.32 $133.25 6.81% 06/17/2026 SB EQT $50.18 $64.96 -22.75% 03/20/2026 SB EQT $50.18 $57.00 -11.96% 04/20/2026 SB EWZ $38.10 $28.21 35.06% 08/07/2024 B EXE $87.46 $77.49 12.87% 09/16/2024 B EXE $87.46 $92.98 -5.94% 05/29/2025 B FANG $189.23 $160.87 17.63% 06/22/2026 B FXI $34.89 $38.42 -9.19% 02/25/2026 SB GILD $151.66 $133.21 13.85% 08/07/2025 B GNRC $206.77 $186.18 11.06% 08/28/2025 B GOLD $44.05 $47.01 -6.30% 04/24/2026 SB HAL $33.57 $36.85 -8.90% 08/31/2025 SB HBRIY $3.63 $4.09 -11.25% 04/09/2026 SB IJH $73.44 $62.30 17.88% 06/30/2025 B INCY $125.58 $126.75 -0.92% 09/04/2025 B J $143.86 $127.16 13.13% 03/25/2024 B J $143.86 $128.30 12.13% 05/15/2026 B KWEB $25.22 $32.24 -21.77% 02/25/2026 SB KRE $72.25 $76.06 -5.01% 07/31/2026 B LNC $41.86 $40.25 4.00% 10/13/2025 SB MDT $91.95 $80.20 14.65% 06/12/2026 B NFG $80.08 $91.03 -12.03% 02/27/2026 SB NHPEF $4.50 $3.74 20.32% 04/09/2026 B [rating highlighted] NTR $74.17 $76.05 -2.47% 03/19/2026 B PALL $23.70 $18.85 25.73% 04/15/2024 SB PALL $23.70 $23.93 -0.96% 10/08/2025 SB PEP $129.99 $157.06 -17.24% 04/10/2026 SB PSLV $21.55 $9.82 119.45% 08/26/2024 SB RRC $37.77 $36.78 2.69% 06/22/2026 SB RYAAY $54.35 $53.36 1.86% 05/15/2026 B SHEL $93.60 $74.92 24.93% 10/27/2025 B SRUUF $19.25 $18.55 3.77% 11/12/2025 B UBER $71.09 $84.67 -16.04% 01/12/2026 SB USO $148.62 $114.23 30.11% 06/17/2026 B WDOFF $25.13 $9.36 168.48% 12/02/2024 B WDOFF $25.13 $17.95 40.00% 02/11/2026 B WMMVY $26.24 $32.08 -18.20% 03/27/26 B YACAF $4.28 $5.20 -17.69% 04/09/2026 SB

[Table image — HOLDS / TRIMS — Ticker | Price | Cost | % Change | Date | Rating] (PBR rows highlighted — newly moved from Buys, rated H. SLB rating cell highlighted — now H; was H/T. QNST, on the 09/14 table, is no longer printed.)

AA $44.68 $36.79 21.45% 06/29/2026 H AAP $42.08 $58.78 -28.41% 05/01/2026 H AEM $197.65 $97.04 103.68% 02/10/2025 H APA $44.16 $29.91 47.64% 03/02/2026 H AR $34.11 $27.44 24.31% 09/16/2024 H BA $201.32 $210.00 -4.13% 03/13/2026 H BTU $25.36 $13.72 84.84% 03/24/2025 H CB $338.60 $250.90 34.95% 02/12/2024 H CDE $19.65 $6.63 196.38% 12/02/2024 H CHKP $133.81 $158.73 -15.70% 01/08/2024 H CKHUY $8.56 $6.78 26.25% 11/10/2025 T CLF $12.09 $10.21 18.41% 12/09/2024 H COPX $87.36 $46.67 87.19% 08/25/2025 T CSCO $110.83 $53.50 107.16% 09/30/2024 H/T CVE $31.93 $15.25 109.38% 12/09/2024 H DAL $82.10 $50.44 62.77% 06/03/2024 H/T DGX $246.26 $200.29 22.95% 06/05/2026 H DVN $47.66 $36.29 31.33% 01/20/2026 H EEM $68.83 $46.12 49.24% 05/27/2025 H/T EL $95.34 $86.82 9.81% 05/22/2026 H EQNR $42.81 $22.59 89.51% 12/22/2025 H/T EWJ $98.04 $69.26 41.55% 04/29/2024 H EWS $29.51 $18.21 62.05% 04/15/2024 H FNV $263.13 $125.82 109.13% 12/09/2024 H FSLR $199.85 $133.03 50.23% 03/17/2025 H GDX $94.54 $49.34 91.61% 04/10/2025 H GDXJ $122.86 $60.43 103.31% 04/10/2025 H/T GOOG $351.12 $168.68 108.16% 07/22/2024 H HBM $26.68 $10.46 155.07% 07/14/2025 H/T HCC $88.44 $53.23 66.15% 01/27/2025 H/T HP $40.75 $37.92 7.46% 05/06/2024 H IBKR $93.81 $21.70 332.30% 01/08/2024 T IJS $131.66 $86.27 52.61% 04/07/2025 H JPM $352.59 $175.65 100.73% 01/16/2024 H LMT $535.47 $463.87 15.44% 04/15/2024 H MO $68.78 $49.71 38.36% 10/25/2024 H MTB $227.31 $187.34 21.34% 09/23/2025 H NE $44.58 $31.83 40.06% 02/10/2025 H NEM $123.11 $42.21 191.66% 06/04/2024 T NHYDY $9.03 $7.35 22.86% 12/08/2025 H NOW $137.16 $102.00 34.47% 04/03/2026 H/T PALAF $7.16 $4.93 45.23% 12/09/2024 H PARR $82.67 $16.18 410.94% 12/09/2024 T PBR $20.76 $16.45 26.20% 12/30/2025 H [highlighted] PBR $20.76 $11.85 75.19% 12/31/2025 H [highlighted] RIG $5.52 $3.74 47.59% 02/10/2025 H RTX $194.53 $113.95 70.72% 07/22/2024 T SBSW $11.13 $4.76 133.82% 07/08/2024 H SLB $51.93 $42.00 23.64% 09/23/2024 H [highlighted] STT $184.40 $112.95 63.26% 09/04/2025 H TMUS $166.64 $164.27 1.44% 01/29/2024 H TRV $372.68 $327.37 13.84% 6/26/2026 H URNJ $22.94 $18.22 25.91% 09/04/2024 H VAL $83.06 $47.72 74.06% 02/10/2025 H XAR $244.20 $220.00 11.00% 08/27/2025 H XLE $62.93 $48.38 30.07% 04/01/24 H

[Table image — SELLS — Ticker | Cost | Price at Sale | Gain % | Sell Date | Price]

ACN $178.31 $178.26 -0.03% 09/08/2026 $186.72 EWY $68.19 $181.98 166.87% 05/06/2026 $189.35 GS $460.18 $1,076.17 133.86% 06/15/2026 $958.74 IBM $188.00 $280.82 49.37% 06/08/2026 $243.29 XOM $114.30 $154.22 34.93% 03/02/2026 $159.24