Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.20%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.14%
baseline attrition
Rally response
-1.33%
trims into rallies
when a holding rises +10%+
Top positions · 21
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VVisa Inc. | $725M | 9.0% | -13.1% | 6.3 yr |
| AAPLApple Inc. | $711M | 8.8% | +14.7% | 10.5 yr |
| AMZNAmazon.com, Inc. | $687M | 8.5% | +9.5% | 7.5 yr |
| MSFTMicrosoft Corporation | $555M | 6.9% | -0.6% | 10.5 yr |
| LINLinde plc | $555M | 6.9% | +7.9% | 3.3 yr |
| GOOGLAlphabet Inc. | $518M | 6.4% | — | 9.0 yr |
| GOOGAlphabet Inc. | $516M | 6.4% | +84.3% | 10.5 yr |
| BRK-ABerkshire Hathaway Inc. | $503M | 6.2% | — | 10.5 yr |
| CSCOCisco Systems, Inc. | $466M | 5.8% | +28.1% | 10.5 yr |
| DASHDoorDash, Inc. | $450M | 5.6% | -17.8% | 5.5 yr |
| JNJJohnson & Johnson | $391M | 4.8% | +51.5% | 10.5 yr |
| EWEdwards Lifesciences Cor | $384M | 4.7% | +10.5% | 3.8 yr |
| MAMastercard Incorporated | $335M | 4.1% | -8.5% | 4.5 yr |
| ABTAbbott Laboratories | $321M | 4.0% | -21.1% | 6.0 yr |
| PEPPepsiCo, Inc. | $311M | 3.8% | +7.7% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information18.3%+4.5pp$1.48B
Financial - Credit Services13.1%-1.2pp$1.06B
Consumer Electronics8.8%+1.0pp$711M
Medical - Devices8.7%-0.8pp$705M
Specialty Retail8.5%+0.6pp$687M
Software - Infrastructure6.9%-0.2pp$555M
Chemicals - Specialty6.9%+0.3pp$555M
Insurance - Diversified6.2%-0.8pp$503M
Communication Equipment5.8%+1.1pp$466M
Drug Manufacturers - General4.8%+1.5pp$391M
Country
US89.9%+0.7pp
GB6.9%+0.3pp
IE2.7%-1.6pp
Unknown0.5%
Top 5: 40.0% · Top 10: 70.3% · Top 25: 100.0%
Top sells this quarter · 1
| ADBE Adobe Inc.exit | −$182M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $8.09B | 21 | +1.57% | +17.59% | -16.02% | -0.18B |
| 2025-12-31 | $9.32B | 21 | +11.44% | +17.72% | -6.28% | +0.01B |
| 2025-09-30 | $9.18B | 21 | +14.08% | +17.52% | -3.44% | +0.14B |
| 2025-06-30 | $8.67B | 20 | +14.69% | +14.94% | -0.25% | +0.01B |
| 2025-03-31 | $8.00B | 20 | +4.81% | +8.30% | -3.49% | -0.07B |
| 2024-12-31 | $8.28B | 21 | +14.84% | +24.89% | -10.05% | -0.24B |
| 2024-09-30 | $8.21B | 22 | +23.11% | +36.04% | -12.93% | +0.01B |
| 2024-06-30 | $7.82B | 23 | +13.62% | +24.49% | -10.87% | -0.41B |
| 2024-03-31 | $8.33B | 23 | +26.18% | +29.62% | -3.44% | -0.29B |
| 2023-12-31 | $8.07B | 23 | +31.15% | +26.18% | +4.97% | -0.29B |
| 2023-09-30 | $7.52B | 23 | +23.70% | +21.57% | +2.13% | +0.17B |
| 2023-06-30 | $7.59B | 21 | +14.89% | +19.42% | -4.53% | -0.27B |
| 2023-03-31 | $7.17B | 21 | -12.48% | -7.82% | -4.66% | -0.34B |
| 2022-12-31 | $6.76B | 22 | +4.87% | +7.56% | -2.69% | +0.07B |
| 2022-09-30 | $6.38B | 22 | -10.08% | -4.93% | -5.15% | -0.51B |
| 2022-06-30 | $7.66B | 24 | -16.36% | -16.11% | -0.25% | -0.34B |