Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.78%
trims when stocks drop
when a holding falls −10%+
Middle response
-7.82%
baseline attrition
Rally response
-14.37%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SNXTD SYNNEX Corporation | $65M | 1.2% | +64.5% | 3.0 yr |
| DELLDell Technologies Inc. | $65M | 1.2% | +83.4% | 0.5 yr |
| CWCurtiss-Wright Corporati | $61M | 1.1% | +115.0% | 4.8 yr |
| NXTNextpower Inc. | $60M | 1.1% | +186.1% | 1.0 yr |
| JBLJabil Inc. | $60M | 1.1% | +95.5% | 1.3 yr |
| FNFabrinet | $60M | 1.1% | +164.0% | 3.5 yr |
| KLACKLA Corporation | $60M | 1.1% | +118.2% | 5.8 yr |
| CSCOCisco Systems, Inc. | $60M | 1.1% | +28.1% | 8.8 yr |
| GOOGLAlphabet Inc. | $60M | 1.1% | — | 4.0 yr |
| TXNTexas Instruments Incorp | $59M | 1.1% | +11.4% | 9.8 yr |
| KEYSKeysight Technologies, I | $58M | 1.1% | +88.5% | 8.0 yr |
| AMATApplied Materials, Inc. | $58M | 1.1% | +137.6% | 5.8 yr |
| NTAPNetApp, Inc. | $58M | 1.1% | +18.4% | 4.3 yr |
| LMTLockheed Martin Corporat | $58M | 1.1% | +39.0% | 6.5 yr |
| LDOSLeidos Holdings, Inc. | $57M | 1.1% | +16.4% | 5.8 yr |
Portfolio composition (YoY)
Industry mix
Hardware, Equipment & Parts6.6%+2.2pp$360M
Semiconductors4.8%+3.1pp$258M
Computer Hardware4.3%+2.3pp$232M
Asset Management3.5%+2.0pp$192M
Software - Application3.4%-2.4pp$182M
Banks - Regional3.2%-0.9pp$174M
Biotechnology2.8%+0.8pp$149M
Medical - Care Facilities2.6%-1.0pp$140M
Oil & Gas Exploration & Production2.5%+0.5pp$137M
Software - Infrastructure2.5%-4.4pp$135M
Country
US91.0%-2.1pp
IE2.5%+0.7pp
Unknown1.6%+1.3pp
KY1.1%+0.2pp
SG1.0%+0.0pp
CA0.7%+0.6pp
CH0.7%-0.1pp
GB0.5%-0.2pp
Top 5: 5.8% · Top 10: 11.3% · Top 25: 26.8%
Top buys this quarter · 15
| LMT Lockheed Martin Corporation | +$58M |
| AMAT Applied Materials, Inc. | +$57M |
| F-PD Ford Motor Company 6.500% Note | +$55M |
| TXN Texas Instruments Incorporated | +$49M |
| TSN Tyson Foods, Inc. | +$31M |
| TROW T. Rowe Price Group, Inc.new | +$28M |
| POR Portland General Electric Comp | +$18M |
| SR Spire Inc. | +$16M |
| ES Eversource Energy | +$14M |
| CRC California Resources Corporati | +$13M |
Top sells this quarter · 15
| GLW Corning Incorporated | −$220M |
| NOC Northrop Grumman Corporation | −$75M |
| GD General Dynamics Corporation | −$74M |
| ZM Zoom Communications, Inc.exit | −$57M |
| MAR Marriott International, Inc. | −$56M |
| WDC Western Digital Corporation | −$55M |
| IDCC InterDigital, Inc.exit | −$54M |
| META Meta Platforms, Inc. | −$53M |
| SPB Spectrum Brands Holdings, Inc. | −$49M |
| INTU Intuit Inc. | −$39M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $5.42B | 527 | +23.51% | +17.59% | +5.92% | -0.28B |
| 2025-12-31 | $5.57B | 511 | +18.04% | +17.72% | +0.33% | -0.48B |
| 2025-09-30 | $5.90B | 525 | +14.98% | +17.52% | -2.54% | -0.10B |
| 2025-06-30 | $5.60B | 509 | +14.74% | +14.94% | -0.20% | -0.08B |
| 2025-03-31 | $5.16B | 512 | +4.02% | +8.30% | -4.28% | -0.26B |
| 2024-12-31 | $5.55B | 508 | +18.40% | +24.89% | -6.49% | -0.23B |
| 2024-09-30 | $5.79B | 498 | +33.19% | +36.04% | -2.85% | -0.24B |
| 2024-06-30 | $5.64B | 481 | +21.55% | +24.49% | -2.94% | -0.52B |
| 2024-03-31 | $6.18B | 493 | +29.42% | +29.62% | -0.20% | -0.06B |
| 2023-12-31 | $5.60B | 484 | +18.88% | +26.18% | -7.30% | -0.08B |
| 2023-09-30 | $5.06B | 489 | +16.93% | +21.57% | -4.64% | -1.06B |
| 2023-06-30 | $6.28B | 505 | +15.25% | +19.42% | -4.17% | -0.02B |
| 2023-03-31 | $5.93B | 426 | -4.76% | -7.82% | +3.06% | -0.42B |
| 2022-12-31 | $6.21B | 418 | +10.50% | +7.56% | +2.94% | -0.32B |
| 2022-09-30 | $5.91B | 403 | -3.90% | -4.93% | +1.03% | -0.13B |
| 2022-06-30 | $6.28B | 406 | -12.22% | -16.11% | +3.89% | -0.23B |