Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.93%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.52%
baseline attrition
Rally response
-7.25%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MGAMagna International Inc. | $1.97B | 6.4% | +71.2% | 3.5 yr |
| CTSHCognizant Technology Sol | $1.24B | 4.1% | -18.4% | 10.5 yr |
| TSNTyson Foods, Inc. | $1.10B | 3.6% | +4.0% | 3.5 yr |
| BAXBaxter International Inc | $1.08B | 3.5% | -50.2% | 4.0 yr |
| BMYBristol-Myers Squibb Com | $1.04B | 3.4% | +3.4% | 6.8 yr |
| CVSCVS Health Corporation | $989M | 3.2% | +10.0% | 8.3 yr |
| HUMHumana Inc. | $949M | 3.1% | -33.8% | 4.5 yr |
| CCitigroup Inc. | $927M | 3.0% | +63.9% | 10.5 yr |
| SWKSSkyworks Solutions, Inc. | $863M | 2.8% | -13.5% | 3.5 yr |
| COFCapital One Financial Co | $836M | 2.7% | +3.1% | 9.8 yr |
| DOXAmdocs Limited | $828M | 2.7% | -27.3% | 9.5 yr |
| DGDollar General Corporati | $819M | 2.7% | +37.3% | 2.8 yr |
| LEALear Corporation | $818M | 2.7% | +41.3% | 7.5 yr |
| UBSUBS Group AG | $816M | 2.7% | +31.6% | 10.5 yr |
| METMetLife, Inc. | $799M | 2.6% | -9.3% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Banks - Diversified10.3%-0.1pp$3.17B
Auto - Parts10.1%+2.3pp$3.11B
Medical - Healthcare Plans7.0%-1.6pp$2.16B
Information Technology Services7.0%+1.7pp$2.14B
Financial - Credit Services5.4%-1.1pp$1.66B
Drug Manufacturers - General4.1%+0.5pp$1.26B
Medical - Instruments & Supplies3.8%-0.6pp$1.17B
Agricultural Farm Products3.6%+0.6pp$1.10B
Insurance - Life3.4%+0.2pp$1.04B
Software - Infrastructure3.3%+0.8pp$1.03B
Country
US79.5%-2.5pp
CA6.4%+1.5pp
IE3.1%-0.9pp
CH2.7%-0.1pp
FI1.7%+0.2pp
DE1.1%-0.2pp
PE1.0%+0.3pp
GB1.0%+0.1pp
Top 5: 21.0% · Top 10: 35.9% · Top 25: 70.2%
Top buys this quarter · 15
| HUM Humana Inc. | +$949M |
| ACN Accenture plc | +$216M |
| SWKS Skyworks Solutions, Inc. | +$186M |
| CTSH Cognizant Technology Solutions | +$1.24B |
| KT KT Corporationnew | +$154M |
| GLOB Globant S.A.new | +$137M |
| TSN Tyson Foods, Inc. | +$118M |
| CDW CDW Corporation | +$116M |
| MICC The Magnum Ice Cream Company Nnew | +$105M |
| CRBG Corebridge Financial, Inc. | +$645M |
Top sells this quarter · 15
| DG Dollar General Corporation | −$447M |
| DOW Dow Inc. | −$646M |
| C Citigroup Inc. | −$277M |
| NOK Nokia Oyj | −$229M |
| MGA Magna International Inc. | −$211M |
| CVS CVS Health Corporation | −$130M |
| UBS UBS Group AG | −$126M |
| MSFT Microsoft Corporation | −$118M |
| WFC Wells Fargo & Company | −$96M |
| BAX Baxter International Inc. | −$93M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $30.66B | 157 | +5.84% | +17.59% | -11.75% | -1.23B |
| 2025-12-31 | $33.31B | 156 | +11.42% | +17.72% | -6.30% | +1.05B |
| 2025-09-30 | $30.85B | 153 | +5.09% | +17.52% | -12.42% | -0.57B |
| 2025-06-30 | $30.68B | 151 | +9.21% | +14.94% | -5.73% | +1.22B |
| 2025-03-31 | $28.55B | 145 | -0.59% | +8.30% | -8.89% | -0.95B |
| 2024-12-31 | $29.26B | 151 | +5.35% | +24.89% | -19.53% | -1.17B |
| 2024-09-30 | $30.85B | 156 | +20.21% | +36.04% | -15.83% | +0.72B |
| 2024-06-30 | $28.31B | 159 | +11.11% | +24.49% | -13.39% | +1.11B |
| 2024-03-31 | $28.96B | 158 | +23.34% | +29.62% | -6.28% | +0.71B |
| 2023-12-31 | $26.45B | 163 | +20.70% | +26.18% | -5.47% | +0.25B |
| 2023-09-30 | $23.28B | 160 | +23.98% | +21.57% | +2.42% | +0.21B |
| 2023-06-30 | $23.45B | 161 | +16.93% | +19.42% | -2.49% | -0.72B |
| 2023-03-31 | $23.18B | 163 | -2.35% | -7.82% | +5.47% | -0.46B |
| 2022-12-31 | $22.61B | 179 | +15.60% | +7.56% | +8.04% | -0.67B |
| 2022-09-30 | $20.14B | 174 | -7.21% | -4.93% | -2.28% | -0.58B |
| 2022-06-30 | $22.33B | 167 | -12.94% | -16.11% | +3.18% | -0.70B |