Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-10.45%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.81%
baseline attrition
Rally response
+0.12%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $121M | 7.5% | — | 7.5 yr |
| AAPLApple Inc. | $107M | 6.5% | +14.7% | 10.3 yr |
| MSFTMicrosoft Corporation | $95M | 5.8% | -0.6% | 10.3 yr |
| — | $85M | 5.2% | — | 10.3 yr |
| — | $73M | 4.5% | — | 2.3 yr |
| AMZNAmazon.com, Inc. | $72M | 4.4% | +9.5% | 10.0 yr |
| — | $51M | 3.1% | — | 10.3 yr |
| — | $50M | 3.1% | — | 7.8 yr |
| TMOThermo Fisher Scientific | $46M | 2.8% | -0.9% | 10.3 yr |
| — | $42M | 2.6% | — | 10.3 yr |
| ABBVAbbVie Inc. | $39M | 2.4% | +7.3% | 10.3 yr |
| — | $38M | 2.3% | — | 6.0 yr |
| CMECME Group Inc. | $35M | 2.1% | +15.6% | 10.3 yr |
| — | $34M | 2.1% | — | 1.8 yr |
| TJXThe TJX Companies, Inc. | $33M | 2.1% | +32.7% | 5.0 yr |
Portfolio composition (YoY)
Industry mix
Unknown47.4%+4.3pp$773M
Consumer Electronics6.5%-0.3pp$107M
Software - Infrastructure6.0%-1.3pp$98M
Specialty Retail4.4%+0.4pp$72M
Drug Manufacturers - General3.0%-2.8pp$48M
Medical - Diagnostics & Research2.9%+1.7pp$47M
Financial - Data & Stock Exchanges2.1%-0.0pp$35M
Apparel - Retail2.1%-1.6pp$34M
Oil & Gas Integrated1.8%+0.3pp$29M
Beverages - Non-Alcoholic1.6%+1.1pp$26M
Country
US52.3%-1.6pp
Unknown47.4%+4.3pp
CA0.2%-1.9pp
TW0.0%
GB0.0%-0.8pp
NL0.0%-0.0pp
DE0.0%-0.0pp
Top 5: 29.5% · Top 10: 45.6% · Top 25: 72.0%
Top buys this quarter · 15
| TER Teradyne, Inc.new | +$14M |
| BA The Boeing Company | +$13M |
| KHC The Kraft Heinz Company | +$13M |
| MSFT Microsoft Corporation | +$95M |
| PG The Procter & Gamble Company | +$6M |
| CAT Caterpillar Inc. | +$6M |
| MLM Martin Marietta Materials, Inc | +$2M |
| CME CME Group Inc. | +$1M |
| AMZN Amazon.com, Inc. | +$72M |
| MCD McDonald's Corporation | +$1M |
Top sells this quarter · 15
| PANW Palo Alto Networks, Inc. | −$21M |
| ARM Arm Holdings plc American Depoexit | −$19M |
| QCOM QUALCOMM Incorporated | −$8M |
| PEP PepsiCo, Inc. | −$5M |
| AXP American Express Company | −$5M |
| CMI Cummins Inc. | −$5M |
| TMO Thermo Fisher Scientific Inc. | −$5M |
| AAPL Apple Inc. | −$3M |
| IBM International Business Machine | −$2M |
| AFL Aflac Incorporated | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.63B | 167 | +8.59% | +17.59% | -9.00% | -0.02B |
| 2025-12-31 | $1.75B | 168 | +11.38% | +17.72% | -6.34% | -0.03B |
| 2025-09-30 | $1.74B | 165 | +9.02% | +17.52% | -8.50% | +0.03B |
| 2025-06-30 | $1.61B | 168 | +9.48% | +14.94% | -5.46% | +0.11B |
| 2025-03-31 | $1.42B | 161 | +4.74% | +8.30% | -3.57% | -0.03B |
| 2024-12-31 | $1.50B | 163 | +16.28% | +24.89% | -8.61% | +0.02B |
| 2024-09-30 | $1.48B | 162 | +26.96% | +36.04% | -9.08% | -0.01B |
| 2024-06-30 | $1.40B | 167 | +15.17% | +24.49% | -9.32% | +0.02B |
| 2024-03-31 | $1.35B | 164 | +16.69% | +29.62% | -12.93% | +0.05B |
| 2023-12-31 | $1.22B | 153 | +14.61% | +26.18% | -11.57% | -0.01B |
| 2023-09-30 | $1.13B | 149 | +14.43% | +21.57% | -7.14% | -0.01B |
| 2023-06-30 | $1.18B | 152 | +13.05% | +19.42% | -6.37% | +0.04B |
| 2023-03-31 | $1.10B | 145 | -4.33% | -7.82% | +3.49% | -0.01B |
| 2022-12-31 | $1.05B | 144 | +9.31% | +7.56% | +1.74% | -0.03B |
| 2022-09-30 | $987M | 139 | -4.65% | -4.93% | +0.28% | -0.02B |
| 2022-06-30 | $1.06B | 149 | -12.57% | -16.11% | +3.54% | -0.03B |