Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.38%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.52%
baseline attrition
Rally response
+0.89%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $356M | 7.8% | +14.7% | 10.0 yr |
| NVDANVIDIA Corporation | $338M | 7.4% | +60.9% | 8.0 yr |
| MSFTMicrosoft Corporation | $246M | 5.4% | -0.6% | 10.3 yr |
| AMZNAmazon.com, Inc. | $150M | 3.3% | +9.5% | 10.3 yr |
| GOOGLAlphabet Inc. | $117M | 2.6% | — | 7.3 yr |
| METAMeta Platforms, Inc. | $115M | 2.5% | -0.4% | 7.0 yr |
| TSLATesla, Inc. | $101M | 2.2% | +43.4% | 7.3 yr |
| WMTWalmart Inc. | $97M | 2.1% | +42.8% | 10.3 yr |
| AVGOBroadcom Inc. | $97M | 2.1% | +86.0% | 7.3 yr |
| NFLXNetflix, Inc. | $80M | 1.8% | +3.1% | 8.3 yr |
| GOOGAlphabet Inc. | $79M | 1.7% | +84.3% | 7.3 yr |
| CSCOCisco Systems, Inc. | $70M | 1.5% | +28.1% | 7.5 yr |
| COSTCostco Wholesale Corpora | $59M | 1.3% | +5.9% | 7.3 yr |
| MUMicron Technology, Inc. | $58M | 1.3% | +289.6% | 10.5 yr |
| LRCXLam Research Corporation | $56M | 1.2% | +196.1% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors17.1%+5.0pp$781M
Software - Infrastructure8.5%+0.3pp$387M
Consumer Electronics7.8%-2.1pp$358M
Internet Content & Information7.0%+1.3pp$319M
Specialty Retail5.0%-0.9pp$229M
Discount Stores3.5%+1.3pp$159M
Drug Manufacturers - General3.0%-0.1pp$138M
Software - Application2.8%-0.7pp$130M
Entertainment2.8%+0.4pp$129M
Auto - Manufacturers2.7%+1.1pp$123M
Country
US95.3%-0.5pp
IE1.3%+0.1pp
GB1.0%-0.1pp
NL0.7%+0.2pp
CA0.5%+0.3pp
Unknown0.3%+0.1pp
SG0.2%+0.2pp
UY0.2%-0.1pp
Top 5: 26.4% · Top 10: 37.2% · Top 25: 52.9%
Top buys this quarter · 15
| WMT Walmart Inc. | +$46M |
| MSFT Microsoft Corporation | +$246M |
| COP ConocoPhillips | +$26M |
| FCX Freeport-McMoRan Inc. | +$11M |
| TSLA Tesla, Inc. | +$101M |
| DUK Duke Energy Corporation | +$7M |
| NFLX Netflix, Inc. | +$5M |
| HAL Halliburton Company | +$5M |
| NTAP NetApp, Inc. | +$5M |
| RTX RTX Corporation | +$4M |
Top sells this quarter · 15
| LRCX Lam Research Corporation | −$50M |
| XOM Exxon Mobil Corporation | −$33M |
| NEM Newmont Corporation | −$27M |
| TXN Texas Instruments Incorporatedexit | −$26M |
| AFL Aflac Incorporated | −$23M |
| EBAY eBay Inc. | −$18M |
| KO The Coca-Cola Company | −$18M |
| LUV Southwest Airlines Co. | −$16M |
| JNJ Johnson & Johnson | −$16M |
| MS Morgan Stanley | −$15M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.57B | 711 | +20.67% | +17.59% | +3.08% | -0.27B |
| 2025-12-31 | $5.06B | 698 | +18.60% | +17.72% | +0.88% | +0.27B |
| 2025-09-30 | $4.67B | 719 | +19.18% | +17.52% | +1.66% | -0.06B |
| 2025-06-30 | $4.35B | 711 | +15.40% | +14.94% | +0.46% | -0.40B |
| 2025-03-31 | $4.19B | 693 | +5.31% | +8.30% | -2.99% | +0.42B |
| 2024-12-31 | $4.02B | 722 | +22.47% | +24.89% | -2.42% | -0.00B |
| 2024-09-30 | $3.89B | 743 | +35.06% | +36.04% | -0.97% | +0.04B |
| 2024-06-30 | $3.66B | 705 | +23.54% | +24.49% | -0.95% | +0.05B |
| 2024-03-31 | $3.50B | 728 | +30.18% | +29.62% | +0.56% | +0.07B |
| 2023-12-31 | $3.14B | 715 | +28.27% | +26.18% | +2.09% | +0.04B |
| 2023-09-30 | $2.72B | 690 | +12.32% | +21.57% | -9.24% | +0.05B |
| 2023-06-30 | $2.77B | 717 | +24.99% | +19.42% | +5.57% | +0.17B |
| 2023-03-31 | $2.39B | 720 | -3.32% | -7.82% | +4.50% | +1.37B |
| 2022-12-31 | $949M | 673 | -0.33% | +7.56% | -7.89% | -1.14B |
| 2022-09-30 | $2.10B | 679 | +7.18% | -4.93% | +12.11% | -0.28B |
| 2022-06-30 | $2.22B | 707 | -15.82% | -16.11% | +0.29% | -0.04B |