Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.17%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.74%
baseline attrition
Rally response
-1.78%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MSFTMicrosoft Corporation | $26M | 4.8% | -0.6% | 10.5 yr |
| GOOGAlphabet Inc. | $24M | 4.4% | +84.3% | 4.0 yr |
| AAPLApple Inc. | $24M | 4.4% | +14.7% | 10.5 yr |
| GLWCorning Incorporated | $22M | 4.0% | +201.5% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $21M | 3.8% | +21.8% | 5.5 yr |
| TJXThe TJX Companies, Inc. | $19M | 3.5% | +32.7% | 10.5 yr |
| CATCaterpillar Inc. | $17M | 3.1% | +117.8% | 10.5 yr |
| XOMExxon Mobil Corporation | $14M | 2.6% | +47.6% | 4.0 yr |
| AMZNAmazon.com, Inc. | $14M | 2.6% | +9.5% | 9.3 yr |
| CVXChevron Corporation | $14M | 2.5% | +29.2% | 10.5 yr |
| RTXRTX Corporation | $13M | 2.5% | +48.1% | 1.0 yr |
| JNJJohnson & Johnson | $13M | 2.4% | +51.5% | 10.5 yr |
| MRKMerck & Co., Inc. | $12M | 2.2% | +38.9% | 4.0 yr |
| ABBVAbbVie Inc. | $12M | 2.1% | +7.3% | 4.5 yr |
| LMTLockheed Martin Corporat | $11M | 2.0% | +39.0% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Drug Manufacturers - General9.4%+5.8pp$52M
Banks - Diversified7.5%+0.2pp$41M
Internet Content & Information5.9%+4.9pp$32M
Semiconductors5.2%+1.6pp$29M
Oil & Gas Integrated5.1%+2.9pp$28M
Software - Infrastructure4.8%-0.7pp$26M
Aerospace & Defense4.7%+2.9pp$26M
Asset Management4.6%+1.8pp$25M
Consumer Electronics4.4%+0.0pp$24M
Hardware, Equipment & Parts4.0%+2.1pp$22M
Country
US93.5%+22.4pp
CH2.0%
TW1.6%+0.7pp
NL1.2%
IE1.1%-0.1pp
Unknown0.5%-26.1pp
GB0.2%+0.0pp
Top 5: 21.5% · Top 10: 35.7% · Top 25: 64.1%
Top buys this quarter · 15
| GOOG Alphabet Inc. | +$21M |
| CB Chubb Limitednew | +$11M |
| CARR Carrier Global Corporationnew | +$5M |
| CCI Crown Castle Inc.new | +$4M |
| Q Qnity Electronics, Inc.new | +$2M |
| OTIS Otis Worldwide Corporationnew | +$1M |
| NFLX Netflix, Inc. | +$1M |
| MMM 3M Company | +$4M |
| ETN Eaton Corporation plcnew | +$0M |
| PINS Pinterest, Inc.new | +$0M |
Top sells this quarter · 15
| XOM Exxon Mobil Corporation | −$13M |
| TGT Target Corporation | −$10M |
| MRK Merck & Co., Inc. | −$9M |
| CPK Chesapeake Utilities Corporati | −$8M |
| CSCO Cisco Systems, Inc. | −$6M |
| RTX RTX Corporation | −$8M |
| DUK Duke Energy Corporation | −$4M |
| GLW Corning Incorporated | −$16M |
| VZ Verizon Communications Inc. | −$3M |
| MO Altria Group, Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $550M | 125 | +22.63% | +17.59% | +5.04% | -0.04B |
| 2025-12-31 | $572M | 121 | +16.52% | +17.72% | -1.20% | -0.00B |
| 2025-09-30 | $561M | 117 | +14.99% | +17.52% | -2.53% | -0.00B |
| 2025-06-30 | $526M | 117 | +13.98% | +14.94% | -0.96% | -0.03B |
| 2025-03-31 | $519M | 119 | +7.94% | +8.30% | -0.36% | -0.00B |
| 2024-12-31 | $529M | 119 | +18.10% | +24.89% | -6.78% | -0.01B |
| 2024-09-30 | $533M | 120 | +28.02% | +36.04% | -8.02% | -0.01B |
| 2024-06-30 | $514M | 118 | +15.24% | +24.49% | -9.25% | -0.00B |
| 2024-03-31 | $509M | 117 | +18.56% | +29.62% | -11.06% | -0.01B |
| 2023-12-31 | $477M | 122 | +12.77% | +26.18% | -13.41% | -0.01B |
| 2023-09-30 | $448M | 119 | +13.38% | +21.57% | -8.18% | +0.01B |
| 2023-06-30 | $464M | 119 | +10.83% | +19.42% | -8.59% | -0.02B |
| 2023-03-31 | $462M | 118 | -6.74% | -7.82% | +1.08% | -0.00B |
| 2022-12-31 | $455M | 114 | +10.22% | +7.56% | +2.66% | -0.00B |
| 2022-09-30 | $414M | 111 | -6.56% | -4.93% | -1.63% | -0.09B |
| 2022-06-30 | $535M | 112 | -11.84% | -16.11% | +4.27% | -0.01B |