Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.22%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.86%
steady accumulation
Rally response
+1.36%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $422.74B | 6.1% | +38.9% | 10.0 yr |
| AAPLApple Inc. | $387.75B | 5.6% | +9.0% | 10.0 yr |
| MSFTMicrosoft Corporation | $347.21B | 5.0% | +15.6% | 10.0 yr |
| AMZNAmazon.com, Inc. | $195.14B | 2.8% | +5.2% | 10.0 yr |
| AVGOBroadcom Inc. | $167.06B | 2.4% | +50.6% | 7.5 yr |
| GOOGLAlphabet Inc. | $165.57B | 2.4% | — | 10.0 yr |
| GOOGAlphabet Inc. | $132.11B | 1.9% | +65.4% | 10.0 yr |
| METAMeta Platforms, Inc. | $132.02B | 1.9% | +13.1% | 10.0 yr |
| TSLATesla, Inc. | $116.44B | 1.7% | +11.4% | 10.0 yr |
| LLYEli Lilly and Company | $88.09B | 1.3% | +40.2% | 10.0 yr |
| JPMJPMorgan Chase & Co. | $85.63B | 1.2% | +37.3% | 10.0 yr |
| BRK-BBerkshire Hathaway Inc. | $78.97B | 1.1% | — | 10.0 yr |
| VVisa Inc. | $56.46B | 0.8% | +11.8% | 10.0 yr |
| XOMExxon Mobil Corporation | $51.72B | 0.8% | +16.0% | 10.0 yr |
| JNJJohnson & Johnson | $49.74B | 0.7% | +47.5% | 10.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors12.0%+2.4pp$828.02B
Software - Infrastructure7.4%+0.3pp$510.40B
Internet Content & Information6.5%+1.4pp$450.54B
Consumer Electronics5.6%-0.5pp$389.29B
Drug Manufacturers - General4.0%+0.4pp$272.27B
Specialty Retail3.5%-0.4pp$242.02B
Banks - Diversified3.2%+0.4pp$218.78B
Software - Application3.0%-0.6pp$209.04B
Financial - Credit Services2.2%-0.2pp$152.74B
Asset Management2.2%-0.0pp$150.86B
Country
US94.8%-0.4pp
CA1.6%+0.3pp
IE1.4%-0.0pp
Unknown0.6%-0.0pp
GB0.5%-0.0pp
CH0.4%+0.0pp
BM0.2%-0.0pp
SG0.2%+0.1pp
Top 5: 22.1% · Top 10: 31.3% · Top 25: 41.5%
Top buys this quarter · 15
| NFLX Netflix, Inc. | +$36.57B |
| NOW ServiceNow, Inc. | +$15.62B |
| NVDA NVIDIA Corporation | +$8.05B |
| MSFT Microsoft Corporation | +$347.21B |
| AAPL Apple Inc. | +$7.29B |
| META Meta Platforms, Inc. | +$132.02B |
| TOTB.DE TotalEnergies SEnew | +$4.56B |
| TSLA Tesla, Inc. | +$2.94B |
| GOOG Alphabet Inc. | +$2.55B |
| Q Qnity Electronics, Inc.new | +$2.23B |
Top sells this quarter · 15
| LXP LXP Industrial Trustexit | −$2.27B |
| AMZN Amazon.com, Inc. | −$186.71B |
| HPP Hudson Pacific Properties, Incexit | −$416M |
| JCI Johnson Controls International | −$7.62B |
| IT Gartner, Inc. | −$259M |
| CB Chubb Limited | −$10.34B |
| TER Teradyne, Inc. | −$2.95B |
| SUI Sun Communities, Inc. | −$201M |
| WFC Wells Fargo & Company | −$25.02B |
| MSCI MSCI Inc. | −$176M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2025-12-31 | $6.89T | 4318 | +16.64% | +17.72% | -1.08% | +80.48B |
| 2025-09-30 | $6.68T | 4333 | +16.72% | +17.52% | -0.80% | +0.96B |
| 2025-06-30 | $6.18T | 4263 | +15.29% | +14.94% | +0.35% | +38.30B |
| 2025-03-31 | $5.53T | 4268 | +5.04% | +8.30% | -3.27% | +62.09B |
| 2024-12-31 | $5.74T | 4281 | +18.46% | +24.89% | -6.43% | +39.16B |
| 2024-09-30 | $5.58T | 4337 | +30.01% | +36.04% | -6.03% | +26.16B |
| 2024-06-30 | $5.20T | 4400 | +16.87% | +24.49% | -7.62% | +99.27B |
| 2024-03-31 | $5.05T | 4436 | +23.69% | +29.62% | -5.93% | +130.89B |
| 2023-12-31 | $4.58T | 4482 | +22.20% | +26.18% | -3.98% | +15.43B |
| 2023-09-30 | $4.07T | 4522 | +15.94% | +21.57% | -5.62% | +22.78B |
| 2023-06-30 | $4.22T | 4534 | +14.60% | +19.42% | -4.82% | +13.94B |
| 2023-03-31 | $3.93T | 4541 | -12.09% | -7.82% | -4.27% | +29.61B |
| 2022-12-31 | $3.67T | 4513 | +6.33% | +7.56% | -1.23% | +57.50B |
| 2022-09-30 | $3.40T | 4588 | -5.12% | -4.93% | -0.19% | +25.03B |
| 2022-06-30 | $3.56T | 4603 | -17.90% | -16.11% | -1.79% | +86.20B |
| 2022-03-31 | $4.23T | 4611 | — | — | — | -176.76B |