Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.82%
trims when stocks drop
when a holding falls −10%+
Middle response
+3.71%
steady accumulation
Rally response
-2.98%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MSFTMicrosoft Corporation | $804M | 4.4% | -0.6% | 10.3 yr |
| GOOGAlphabet Inc. | $737M | 4.1% | +84.3% | 10.3 yr |
| CTASCintas Corporation | $719M | 4.0% | -17.0% | 10.3 yr |
| AAPLApple Inc. | $670M | 3.7% | +14.7% | 10.3 yr |
| METAMeta Platforms, Inc. | $526M | 2.9% | -0.4% | 10.3 yr |
| NVDANVIDIA Corporation | $478M | 2.6% | +60.9% | 9.8 yr |
| AMZNAmazon.com, Inc. | $445M | 2.5% | +9.5% | 10.3 yr |
| XOMExxon Mobil Corporation | $362M | 2.0% | +47.6% | 10.3 yr |
| IVViShares Core S&P 500 ETF | $358M | 2.0% | — | 9.3 yr |
| BACBank of America Corporat | $282M | 1.6% | +19.4% | 10.3 yr |
| FITBFifth Third Bancorp | $261M | 1.4% | +21.7% | 10.3 yr |
| JNJJohnson & Johnson | $260M | 1.4% | +51.5% | 10.3 yr |
| PMPhilip Morris Internatio | $256M | 1.4% | +7.9% | 10.0 yr |
| VVisa Inc. | $253M | 1.4% | -13.1% | 10.0 yr |
| SCHWThe Charles Schwab Corpo | $239M | 1.3% | +21.5% | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors9.1%+2.8pp$1.64B
Asset Management8.2%+0.7pp$1.48B
Internet Content & Information7.1%+1.2pp$1.29B
Software - Infrastructure6.1%-0.9pp$1.10B
Specialty Business Services4.1%-1.4pp$742M
Consumer Electronics3.8%-0.1pp$694M
Drug Manufacturers - General3.8%+0.0pp$685M
Financial - Capital Markets3.3%+0.2pp$600M
Software - Application3.2%-0.8pp$577M
Banks - Diversified3.2%+0.2pp$573M
Country
US96.1%-0.3pp
IE1.4%-0.3pp
TW1.2%+0.6pp
GB0.4%+0.0pp
MX0.3%-0.0pp
Unknown0.2%+0.2pp
SG0.2%
CA0.1%+0.0pp
Top 5: 19.1% · Top 10: 29.8% · Top 25: 47.2%
Top buys this quarter · 15
| AVGO Broadcom Inc. | +$44M |
| LPLA LPL Financial Holdings Inc. | +$29M |
| PLD Prologis, Inc. | +$26M |
| WOR Worthington Industries, Inc.new | +$24M |
| HWC Hancock Whitney Corporationnew | +$23M |
| MC Moelis & Companynew | +$22M |
| LOPE Grand Canyon Education, Inc. | +$16M |
| PGNY Progyny, Inc. | +$46M |
| QXO QXO, Inc.new | +$14M |
| WAY Waystar Holding Corp. | +$14M |
Top sells this quarter · 15
| JNJ Johnson & Johnson | −$107M |
| SBUX Starbucks Corporation | −$49M |
| CIEN Ciena Corporationexit | −$48M |
| GS The Goldman Sachs Group, Inc. | −$47M |
| WBS Webster Financial Corporationexit | −$24M |
| HUBB Hubbell Incorporated | −$21M |
| RNG RingCentral, Inc. | −$21M |
| ESE ESCO Technologies Inc. | −$17M |
| ROP Roper Technologies, Inc. | −$17M |
| RTX RTX Corporation | −$16M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $18.08B | 417 | +13.38% | +17.59% | -4.21% | +0.12B |
| 2025-12-31 | $18.78B | 415 | +17.04% | +17.72% | -0.68% | -0.17B |
| 2025-09-30 | $18.46B | 413 | +14.15% | +17.52% | -3.36% | +0.05B |
| 2025-06-30 | $17.35B | 395 | +16.01% | +14.94% | +1.07% | -0.37B |
| 2025-03-31 | $16.29B | 393 | +7.59% | +8.30% | -0.72% | -0.25B |
| 2024-12-31 | $16.75B | 398 | +17.78% | +24.89% | -7.10% | +0.28B |
| 2024-09-30 | $16.45B | 403 | +31.84% | +36.04% | -4.19% | -0.10B |
| 2024-06-30 | $15.35B | 397 | +17.48% | +24.49% | -7.01% | -0.37B |
| 2024-03-31 | $15.58B | 407 | +23.97% | +29.62% | -5.65% | -0.05B |
| 2023-12-31 | $14.46B | 389 | +20.79% | +26.18% | -5.39% | -0.39B |
| 2023-09-30 | $13.25B | 376 | +18.73% | +21.57% | -2.84% | -0.06B |
| 2023-06-30 | $13.85B | 378 | +17.46% | +19.42% | -1.97% | -0.29B |
| 2023-03-31 | $13.28B | 381 | -3.84% | -7.82% | +3.97% | -0.32B |
| 2022-12-31 | $12.90B | 385 | -12.93% | -18.17% | +5.24% | -0.27B |
| 2022-09-30 | $11.96B | 402 | -12.20% | -15.51% | +3.30% | -0.43B |
| 2022-06-30 | $13.03B | 410 | -7.14% | -10.62% | +3.48% | -0.69B |