Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.80%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.75%
baseline attrition
Rally response
-2.32%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BRK-BBerkshire Hathaway Inc. | $50M | 13.4% | — | 10.5 yr |
| GOOGAlphabet Inc. | $49M | 13.1% | +84.3% | 10.5 yr |
| GOOGLAlphabet Inc. | $45M | 12.1% | — | 10.5 yr |
| AAPLApple Inc. | $38M | 10.2% | +14.7% | 10.5 yr |
| VVisa Inc. | $19M | 5.2% | -13.1% | 10.5 yr |
| SHWThe Sherwin-Williams Com | $18M | 4.9% | -7.4% | 9.3 yr |
| RTXRTX Corporation | $16M | 4.3% | +48.1% | 2.5 yr |
| BRK-ABerkshire Hathaway Inc. | $16M | 4.3% | — | 10.5 yr |
| ADPAutomatic Data Processin | $14M | 3.8% | -31.8% | 10.5 yr |
| HONHoneywell International | $11M | 3.1% | +9.0% | 10.5 yr |
| FDSFactSet Research Systems | $10M | 2.8% | -51.6% | 10.5 yr |
| NKENIKE, Inc. | $10M | 2.8% | -14.7% | 10.5 yr |
| MDLZMondelez International, | $10M | 2.6% | -13.0% | 10.5 yr |
| NSCNorfolk Southern Corpora | $10M | 2.6% | +23.6% | 10.5 yr |
| MAMastercard Incorporated | $8M | 2.2% | -8.5% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information25.2%+10.4pp$94M
Insurance - Diversified17.7%-2.2pp$66M
Consumer Electronics10.2%+0.0pp$38M
Financial - Credit Services7.7%-2.6pp$28M
Chemicals - Specialty4.9%-0.6pp$18M
Aerospace & Defense4.3%+1.2pp$16M
Railroads3.9%+0.3pp$15M
Staffing & Employment Services3.8%-2.0pp$14M
Conglomerates3.1%+0.1pp$11M
Financial - Data & Stock Exchanges2.9%-3.0pp$11M
Country
US97.6%+0.5pp
CH2.1%-0.0pp
NL0.2%-0.0pp
Unknown0.2%-0.4pp
Top 5: 54.0% · Top 10: 74.3% · Top 25: 97.7%
Top buys this quarter · 8
| MSFT Microsoft Corporation | +$6M |
| MA Mastercard Incorporated | +$8M |
| V Visa Inc. | +$19M |
| NKE NIKE, Inc. | +$10M |
| SHW The Sherwin-Williams Company | +$18M |
| MDLZ Mondelez International, Inc. | +$0M |
| UNP Union Pacific Corporation | +$0M |
| BRK-B Berkshire Hathaway Inc. | +$50M |
Top sells this quarter · 14
| AMZN Amazon.com, Inc. | −$5M |
| GOOG Alphabet Inc. | −$2M |
| DE Deere & Company | −$1M |
| FDS FactSet Research Systems Inc. | −$1M |
| SOLS Solstice Advanced Materials Inexit | −$1M |
| NSC Norfolk Southern Corporation | −$0M |
| AAPL Apple Inc. | −$0M |
| RTX RTX Corporation | −$15M |
| ADP Automatic Data Processing, Inc | −$0M |
| KVUE Kenvue Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $371M | 41 | +5.93% | +17.59% | -11.66% | -0.01B |
| 2025-12-31 | $402M | 41 | +7.27% | +17.72% | -10.44% | +0.00B |
| 2025-09-30 | $383M | 42 | +5.97% | +17.52% | -11.54% | +0.01B |
| 2025-06-30 | $354M | 41 | +11.79% | +14.94% | -3.15% | -0.02B |
| 2025-03-31 | $362M | 42 | +8.29% | +8.30% | -0.01% | +0.00B |
| 2024-12-31 | $374M | 44 | +15.11% | +24.89% | -9.78% | +0.01B |
| 2024-09-30 | $354M | 40 | +22.27% | +36.04% | -13.77% | -0.04B |
| 2024-06-30 | $353M | 43 | +7.05% | +24.49% | -17.44% | -0.02B |
| 2024-03-31 | $379M | 50 | +14.10% | +29.62% | -15.53% | +0.01B |
| 2023-12-31 | $360M | 49 | +16.58% | +26.18% | -9.60% | -0.00B |
| 2023-09-30 | $332M | 45 | +13.11% | +21.57% | -8.45% | +0.01B |
| 2023-06-30 | $337M | 43 | +13.80% | +19.42% | -5.63% | +0.00B |
| 2023-03-31 | $314M | 43 | -7.19% | -7.82% | +0.62% | +0.00B |
| 2022-12-31 | $301M | 43 | +6.11% | +7.56% | -1.45% | -0.00B |
| 2022-09-30 | $284M | 44 | -2.72% | -4.93% | +2.21% | -0.01B |
| 2022-06-30 | $307M | 48 | -13.68% | -16.11% | +2.43% | -0.01B |