Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.60%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.16%
baseline attrition
Rally response
-6.37%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $115M | 1.4% | +60.9% | 6.5 yr |
| AVGOBroadcom Inc. | $105M | 1.3% | +86.0% | 5.3 yr |
| COSTCostco Wholesale Corpora | $104M | 1.3% | +5.9% | 8.0 yr |
| AAPLApple Inc. | $95M | 1.2% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $91M | 1.1% | -0.6% | 10.5 yr |
| VMIValmont Industries, Inc. | $89M | 1.1% | +40.8% | 2.8 yr |
| LFUSLittelfuse, Inc. | $80M | 1.0% | +74.5% | 2.8 yr |
| NGVTIngevity Corporation | $79M | 1.0% | +79.9% | 8.5 yr |
| AMZNAmazon.com, Inc. | $73M | 0.9% | +9.5% | 10.5 yr |
| MRCYMercury Systems, Inc. | $68M | 0.8% | +69.2% | 7.8 yr |
| ENSGThe Ensign Group, Inc. | $64M | 0.8% | +55.9% | 6.0 yr |
| ESIElement Solutions Inc | $62M | 0.8% | +52.8% | 5.3 yr |
| — | $57M | 0.7% | — | 0.8 yr |
| ONTOOnto Innovation Inc. | $57M | 0.7% | +69.0% | 6.5 yr |
| IPGPIPG Photonics Corporatio | $54M | 0.7% | +81.5% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors9.0%+4.9pp$724M
Banks - Regional6.0%-1.4pp$483M
Asset Management5.9%+2.1pp$475M
Industrial - Machinery4.0%+1.3pp$319M
Biotechnology3.7%-0.3pp$295M
Chemicals - Specialty3.1%+0.3pp$253M
Hardware, Equipment & Parts3.0%+1.1pp$242M
Software - Infrastructure2.8%+0.0pp$228M
Medical - Devices2.8%-0.1pp$223M
Aerospace & Defense2.6%+1.1pp$208M
Country
US92.5%+0.1pp
Unknown2.1%-0.2pp
CA1.6%-0.3pp
GB1.2%-0.1pp
IE1.0%+0.4pp
NL0.4%
TW0.2%+0.0pp
CH0.2%
Top 5: 6.3% · Top 10: 11.2% · Top 25: 21.1%
Top buys this quarter · 15
| AVGO Broadcom Inc. | +$85M |
| TEX Terex Corporation | +$40M |
| ABBV AbbVie Inc. | +$33M |
| ISRG Intuitive Surgical, Inc. | +$26M |
| CFR Cullen/Frost Bankers, Inc. | +$26M |
| CE Celanese Corporation | +$24M |
| SPGI S&P Global Inc. | +$23M |
| CPRI Capri Holdings Limited | +$23M |
| MRCY Mercury Systems, Inc. | +$22M |
| UBER Uber Technologies, Inc. | +$21M |
Top sells this quarter · 15
| VIAV Viavi Solutions Inc.exit | −$50M |
| VFC V.F. Corporation | −$42M |
| AGI Alamos Gold Inc. | −$28M |
| AEIS Advanced Energy Industries, In | −$26M |
| ONTO Onto Innovation Inc. | −$25M |
| ENS EnerSys | −$25M |
| FTI TechnipFMC plc | −$25M |
| MOD Modine Manufacturing Company | −$24M |
| VMI Valmont Industries, Inc. | −$23M |
| META Meta Platforms, Inc. | −$22M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $8.06B | 830 | +21.92% | +17.59% | +4.33% | +0.39B |
| 2025-12-31 | $7.39B | 570 | +8.46% | +17.72% | -9.26% | -0.30B |
| 2025-09-30 | $7.51B | 567 | +5.30% | +17.52% | -12.22% | -0.13B |
| 2025-06-30 | $7.12B | 569 | +8.56% | +14.94% | -6.38% | +0.14B |
| 2025-03-31 | $6.53B | 573 | +1.14% | +8.30% | -7.16% | -0.18B |
| 2024-12-31 | $7.27B | 576 | +17.43% | +24.89% | -7.46% | -0.03B |
| 2024-09-30 | $7.33B | 562 | +29.94% | +36.04% | -6.10% | +1.10B |
| 2024-06-30 | $5.64B | 409 | +12.42% | +24.49% | -12.08% | +0.32B |
| 2024-03-31 | $5.34B | 301 | +18.87% | +29.62% | -10.75% | -0.22B |
| 2023-12-31 | $5.19B | 299 | +16.50% | +26.18% | -9.68% | -4.33B |
| 2023-09-30 | $8.64B | 505 | +14.79% | +21.57% | -6.78% | -0.50B |
| 2023-06-30 | $9.56B | 704 | +15.38% | +19.42% | -4.05% | -0.21B |
| 2023-03-31 | $9.27B | 715 | -6.66% | -7.82% | +1.16% | -0.14B |
| 2022-12-31 | $8.96B | 711 | -5.84% | -18.17% | +12.33% | -0.14B |
| 2022-09-30 | $8.39B | 721 | -8.40% | -15.51% | +7.11% | -0.15B |
| 2022-06-30 | $8.88B | 724 | -4.18% | -10.62% | +6.44% | -0.02B |