Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.69%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.89%
steady accumulation
Rally response
-1.80%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $93M | 8.8% | +14.7% | 10.5 yr |
| AVGOBroadcom Inc. | $74M | 7.0% | +86.0% | 1.5 yr |
| MSFTMicrosoft Corporation | $63M | 5.9% | -0.6% | 10.5 yr |
| LLYEli Lilly and Company | $47M | 4.4% | +12.2% | 10.5 yr |
| XOMExxon Mobil Corporation | $42M | 4.0% | +47.6% | 10.5 yr |
| GOOGLAlphabet Inc. | $37M | 3.5% | — | 10.3 yr |
| ABBVAbbVie Inc. | $37M | 3.5% | +7.3% | 10.5 yr |
| JNJJohnson & Johnson | $35M | 3.3% | +51.5% | 10.5 yr |
| MSMorgan Stanley | $32M | 3.0% | +44.8% | 9.3 yr |
| CSCOCisco Systems, Inc. | $30M | 2.9% | +28.1% | 10.5 yr |
| NOCNorthrop Grumman Corpora | $27M | 2.5% | +35.4% | 10.3 yr |
| IAUiShares Gold Trust | $27M | 2.5% | — | 5.0 yr |
| PGThe Procter & Gamble Com | $26M | 2.5% | -12.9% | 10.5 yr |
| DGRWWisdomTree U.S. Quality | $25M | 2.4% | — | 10.3 yr |
| AXPAmerican Express Company | $24M | 2.3% | +13.3% | 6.5 yr |
Portfolio composition (YoY)
Industry mix
Drug Manufacturers - General13.3%-0.1pp$141M
Asset Management11.9%+1.4pp$126M
Semiconductors10.8%+3.2pp$115M
Consumer Electronics8.8%-0.9pp$93M
Software - Infrastructure7.6%-1.7pp$81M
Oil & Gas Integrated4.7%+0.5pp$50M
Internet Content & Information3.8%+1.1pp$41M
Electrical Equipment & Parts3.3%+1.3pp$35M
Aerospace & Defense3.2%-0.5pp$34M
Financial - Capital Markets3.0%+0.4pp$32M
Country
US95.8%-0.6pp
Unknown1.8%+0.8pp
GB1.8%+0.9pp
CA0.4%+0.1pp
IE0.2%-1.1pp
Top 5: 30.1% · Top 10: 46.2% · Top 25: 74.8%
Top buys this quarter · 15
| SYK Stryker Corporation | +$6M |
| FITB Fifth Third Bancorpnew | +$2M |
| EOG EOG Resources, Inc. | +$1M |
| PWR Quanta Services, Inc.new | +$1M |
| JPM JPMorgan Chase & Co. | +$17M |
| MGM MGM Resorts Internationalnew | +$1M |
| DELL Dell Technologies Inc.new | +$1M |
| STZ Constellation Brands, Inc.new | +$1M |
| PCG PG&E Corporationnew | +$1M |
| EQIX Equinix, Inc.new | +$1M |
Top sells this quarter · 15
| CRM Salesforce, Inc. | −$7M |
| HD The Home Depot, Inc. | −$5M |
| ICLR ICON Public Limited Companyexit | −$4M |
| LYB LyondellBasell Industries N.V. | −$2M |
| AMAT Applied Materials, Inc. | −$19M |
| SPY State Street SPDR S&P 500 ETF | −$1M |
| JNJ Johnson & Johnson | −$30M |
| DVN Devon Energy Corporationexit | −$1M |
| HON Honeywell International Inc. | −$1M |
| FCX Freeport-McMoRan Inc.exit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.06B | 156 | +21.33% | +17.59% | +3.74% | +0.00B |
| 2025-12-31 | $1.08B | 157 | +18.69% | +17.72% | +0.97% | -0.00B |
| 2025-09-30 | $1.04B | 161 | +13.82% | +17.52% | -3.70% | -0.01B |
| 2025-06-30 | $964M | 150 | +11.20% | +14.94% | -3.74% | -0.01B |
| 2025-03-31 | $898M | 147 | +4.88% | +8.30% | -3.42% | +0.00B |
| 2024-12-31 | $930M | 151 | +17.90% | +24.89% | -6.99% | +0.12B |
| 2024-09-30 | $816M | 137 | +28.52% | +36.04% | -7.52% | -0.12B |
| 2024-06-30 | $879M | 138 | +14.93% | +24.49% | -9.56% | +0.01B |
| 2024-03-31 | $847M | 136 | +17.29% | +29.62% | -12.33% | +0.00B |
| 2023-12-31 | $781M | 142 | +13.23% | +26.18% | -12.95% | +0.01B |
| 2023-09-30 | $709M | 134 | +13.74% | +21.57% | -7.82% | -0.00B |
| 2023-06-30 | $748M | 139 | +12.54% | +19.42% | -6.88% | -0.01B |
| 2023-03-31 | $721M | 139 | -3.83% | -7.82% | +3.98% | -0.00B |
| 2022-12-31 | $690M | 132 | -12.23% | -18.17% | +5.94% | -0.02B |
| 2022-09-30 | $653M | 130 | -10.67% | -15.51% | +4.84% | +0.00B |
| 2022-06-30 | $690M | 129 | -4.67% | -10.62% | +5.95% | +0.01B |