Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.03%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.15%
baseline attrition
Rally response
+1.99%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| XLKState Street Technology | $124M | 7.3% | — | 10.5 yr |
| AGGiShares Core U.S. Aggreg | $71M | 4.1% | — | 10.5 yr |
| IVViShares Core S&P 500 ETF | $65M | 3.8% | — | 10.5 yr |
| LLYEli Lilly and Company | $65M | 3.8% | +12.2% | 10.5 yr |
| AAPLApple Inc. | $63M | 3.7% | +14.7% | 9.5 yr |
| JNJJohnson & Johnson | $48M | 2.8% | +51.5% | 10.5 yr |
| VEAVanguard FTSE Developed | $38M | 2.2% | — | 10.5 yr |
| IJHiShares Core S&P Mid-Cap | $35M | 2.1% | — | 10.5 yr |
| XOMExxon Mobil Corporation | $35M | 2.0% | +47.6% | 10.5 yr |
| COSTCostco Wholesale Corpora | $34M | 2.0% | +5.9% | 10.5 yr |
| GOOGLAlphabet Inc. | $34M | 2.0% | — | 10.5 yr |
| IJRiShares Core S&P Small-C | $34M | 2.0% | — | 10.5 yr |
| CATCaterpillar Inc. | $33M | 1.9% | +117.8% | 10.5 yr |
| XLYState Street Consumer Di | $31M | 1.8% | — | 10.5 yr |
| MSFTMicrosoft Corporation | $28M | 1.7% | -0.6% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management37.8%+3.7pp$646M
Drug Manufacturers - General9.8%+0.5pp$168M
Consumer Electronics3.7%-0.0pp$63M
Discount Stores3.6%+0.4pp$61M
Oil & Gas Integrated2.9%+0.0pp$50M
Semiconductors2.7%+1.3pp$45M
Internet Content & Information2.6%+1.1pp$44M
Software - Infrastructure2.0%-0.2pp$35M
Asset Management - Bonds2.0%-0.1pp$34M
Agricultural - Machinery2.0%+0.8pp$33M
Country
US96.9%+0.5pp
IE1.1%-0.3pp
Unknown1.0%
CH0.4%-0.1pp
NL0.3%-0.4pp
GB0.3%-0.0pp
CA0.1%-0.5pp
DK0.0%-0.2pp
Top 5: 22.7% · Top 10: 33.9% · Top 25: 55.6%
Top buys this quarter · 15
| EMN Eastman Chemical Company | +$2M |
| AVGO Broadcom Inc. | +$2M |
| NVDA NVIDIA Corporation | +$1M |
| CRM Salesforce, Inc. | +$1M |
| RGLD Royal Gold, Inc. | +$1M |
| NFLX Netflix, Inc. | +$1M |
| AKAM Akamai Technologies, Inc. | +$1M |
| AAPL Apple Inc. | +$63M |
| ELS Equity LifeStyle Properties, I | +$1M |
| HD The Home Depot, Inc. | +$1M |
Top sells this quarter · 15
| GLW Corning Incorporated | −$8M |
| STVN Stevanato Group S.p.A.exit | −$5M |
| BRO Brown & Brown, Inc.exit | −$3M |
| XOM Exxon Mobil Corporation | −$26M |
| JNJ Johnson & Johnson | −$43M |
| CVX Chevron Corporation | −$13M |
| LLY Eli Lilly and Company | −$1M |
| ADBE Adobe Inc. | −$1M |
| LRCX Lam Research Corporation | −$8M |
| CL Colgate-Palmolive Company | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.71B | 265 | +15.96% | +17.59% | -1.63% | -0.04B |
| 2025-12-31 | $1.72B | 256 | +15.22% | +17.72% | -2.50% | -0.02B |
| 2025-09-30 | $1.66B | 256 | +6.19% | +17.52% | -11.32% | +0.01B |
| 2025-06-30 | $1.56B | 255 | +7.34% | +14.94% | -7.60% | +0.00B |
| 2025-03-31 | $1.51B | 255 | +6.18% | +8.30% | -2.13% | -0.03B |
| 2024-12-31 | $1.53B | 257 | +15.68% | +24.89% | -9.21% | +0.01B |
| 2024-09-30 | $1.57B | 267 | +30.22% | +36.04% | -5.82% | -0.04B |
| 2024-06-30 | $1.51B | 259 | +19.75% | +24.49% | -4.74% | -0.02B |
| 2024-03-31 | $1.50B | 260 | +24.66% | +29.62% | -4.96% | +0.02B |
| 2023-12-31 | $1.34B | 255 | +15.32% | +26.18% | -10.86% | -0.03B |
| 2023-09-30 | $1.26B | 248 | +18.70% | +21.57% | -2.87% | -0.02B |
| 2023-06-30 | $1.30B | 258 | +14.87% | +19.42% | -4.55% | -0.03B |
| 2023-03-31 | $1.26B | 247 | -1.71% | -7.82% | +6.11% | -0.02B |
| 2022-12-31 | $1.25B | 253 | -7.87% | -18.17% | +10.30% | -0.05B |
| 2022-09-30 | $1.16B | 250 | -8.74% | -15.51% | +6.76% | -0.02B |
| 2022-06-30 | $1.25B | 261 | -3.05% | -10.62% | +7.57% | +0.24B |