Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.24%
trims when stocks drop
when a holding falls −10%+
Middle response
+2.35%
steady accumulation
Rally response
-8.90%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $5.72B | 3.7% | +60.9% | 10.3 yr |
| AAPLApple Inc. | $4.75B | 3.0% | +14.7% | 10.3 yr |
| MSFTMicrosoft Corporation | $3.97B | 2.5% | -0.6% | 10.3 yr |
| AMZNAmazon.com, Inc. | $3.53B | 2.3% | +9.5% | 10.3 yr |
| GOOGLAlphabet Inc. | $2.85B | 1.8% | — | 10.3 yr |
| LLYEli Lilly and Company | $1.72B | 1.1% | +12.2% | 10.3 yr |
| GOOGAlphabet Inc. | $1.66B | 1.1% | +84.3% | 10.3 yr |
| AVGOBroadcom Inc. | $1.59B | 1.0% | +86.0% | 7.8 yr |
| VVisa Inc. | $1.48B | 0.9% | -13.1% | 10.3 yr |
| METAMeta Platforms, Inc. | $1.48B | 0.9% | -0.4% | 10.3 yr |
| BACBank of America Corporat | $1.24B | 0.8% | +19.4% | 10.3 yr |
| TFCTruist Financial Corpora | $1.24B | 0.8% | +17.1% | 6.5 yr |
| LHLabcorp Holdings Inc. | $1.23B | 0.8% | +15.9% | 2.0 yr |
| CSCOCisco Systems, Inc. | $1.18B | 0.8% | +28.1% | 10.3 yr |
| BJBJ's Wholesale Club Hold | $1.11B | 0.7% | -13.7% | 7.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors9.1%+3.9pp$14.15B
Software - Infrastructure4.7%+0.6pp$7.41B
Internet Content & Information4.4%+1.6pp$6.83B
Asset Management4.0%-1.8pp$6.32B
Specialty Retail3.5%+0.5pp$5.44B
Drug Manufacturers - General3.2%+0.4pp$5.05B
Software - Application3.2%+1.0pp$4.98B
Consumer Electronics3.1%+0.5pp$4.78B
Banks - Regional3.0%-1.0pp$4.64B
Industrial - Machinery2.3%-0.0pp$3.60B
Country
US92.6%+0.0pp
Unknown1.9%-0.5pp
IE1.5%+0.7pp
CA1.0%+0.4pp
GB0.8%-0.1pp
NL0.5%+0.4pp
BM0.3%-0.7pp
LU0.2%-0.1pp
Top 5: 13.3% · Top 10: 18.4% · Top 25: 28.3%
Top buys this quarter · 15
| ACN Accenture plc | +$589M |
| ASML ASML Holding N.V. | +$554M |
| NOW ServiceNow, Inc. | +$393M |
| META Meta Platforms, Inc. | +$325M |
| IEX IDEX Corporation | +$283M |
| DD DuPont de Nemours, Inc. | +$281M |
| TTC The Toro Company | +$280M |
| WMT Walmart Inc. | +$265M |
| CACI CACI International Inc | +$260M |
| SPOT Spotify Technology S.A. | +$253M |
Top sells this quarter · 15
| AMZN Amazon.com, Inc. | −$1.56B |
| NVDA NVIDIA Corporation | −$1.10B |
| AAPL Apple Inc. | −$900M |
| PWR Quanta Services, Inc. | −$889M |
| MSFT Microsoft Corporation | −$864M |
| LLY Eli Lilly and Company | −$751M |
| VRTX Vertex Pharmaceuticals Incorpo | −$656M |
| AMAT Applied Materials, Inc. | −$517M |
| V Visa Inc. | −$484M |
| MLM Martin Marietta Materials, Inc | −$478M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $156.12B | 2410 | +15.20% | +17.59% | -2.39% | -18.53B |
| 2025-12-31 | $177.20B | 2418 | +11.82% | +17.72% | -5.89% | +13.07B |
| 2025-09-30 | $160.14B | 2414 | +9.07% | +17.52% | -8.44% | -5.34B |
| 2025-06-30 | $155.07B | 2478 | +9.91% | +14.94% | -5.03% | +50.64B |
| 2025-03-31 | $97.72B | 2469 | +1.31% | +8.30% | -6.99% | +0.39B |
| 2024-12-31 | $101.73B | 2469 | +14.72% | +24.89% | -10.17% | -2.05B |
| 2024-09-30 | $103.81B | 2481 | +27.81% | +36.04% | -8.23% | -3.43B |
| 2024-06-30 | $99.73B | 2471 | +15.05% | +24.49% | -9.44% | -1.17B |
| 2024-03-31 | $102.43B | 2469 | +22.45% | +29.62% | -7.18% | -0.55B |
| 2023-12-31 | $95.06B | 2535 | +17.79% | +26.18% | -8.39% | -1.79B |
| 2023-09-30 | $86.96B | 2512 | +15.48% | +21.57% | -6.08% | -1.01B |
| 2023-06-30 | $90.87B | 2509 | +14.99% | +19.42% | -4.44% | -2.47B |
| 2023-03-31 | $89.04B | 2587 | -6.88% | -7.82% | +0.94% | -1.63B |
| 2022-12-31 | $87.00B | 2663 | -14.77% | -18.17% | +3.41% | -6.56B |
| 2022-09-30 | $85.67B | 2694 | -13.31% | -15.51% | +2.19% | +1.07B |
| 2022-06-30 | $87.78B | 2689 | -9.55% | -10.62% | +1.07% | +2.92B |