Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.47%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.40%
baseline attrition
Rally response
-1.01%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $3.47B | 9.0% | +60.9% | 10.3 yr |
| AAPLApple Inc. | $1.80B | 4.6% | +14.7% | 10.3 yr |
| AVGOBroadcom Inc. | $1.79B | 4.6% | +86.0% | 7.8 yr |
| MSFTMicrosoft Corporation | $1.48B | 3.8% | -0.6% | 10.3 yr |
| AMZNAmazon.com, Inc. | $981M | 2.5% | +9.5% | 10.3 yr |
| GOOGLAlphabet Inc. | $945M | 2.4% | — | 10.3 yr |
| GOOGAlphabet Inc. | $728M | 1.9% | +84.3% | 10.3 yr |
| METAMeta Platforms, Inc. | $598M | 1.5% | -0.4% | 10.3 yr |
| TSLATesla, Inc. | $456M | 1.2% | +43.4% | 10.3 yr |
| AMATApplied Materials, Inc. | $409M | 1.1% | +137.6% | 10.3 yr |
| XOMExxon Mobil Corporation | $370M | 1.0% | +47.6% | 10.3 yr |
| JPMJPMorgan Chase & Co. | $361M | 0.9% | +21.8% | 10.3 yr |
| LLYEli Lilly and Company | $350M | 0.9% | +12.2% | 10.3 yr |
| MAMastercard Incorporated | $342M | 0.9% | -8.5% | 10.3 yr |
| MUMicron Technology, Inc. | $340M | 0.9% | +289.6% | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors19.3%+6.6pp$7.48B
Internet Content & Information6.1%+1.5pp$2.34B
Software - Infrastructure5.6%-1.3pp$2.18B
Consumer Electronics4.6%-0.1pp$1.80B
Drug Manufacturers - General3.8%-0.4pp$1.48B
Specialty Retail3.5%+0.0pp$1.34B
Asset Management2.4%-0.2pp$933M
Banks - Diversified2.1%+0.0pp$808M
Software - Application2.0%-1.2pp$788M
Financial - Credit Services1.9%-0.8pp$752M
Country
US96.2%+0.7pp
IE1.2%-0.4pp
GB0.8%-0.0pp
Unknown0.4%+0.0pp
CH0.3%-0.0pp
TW0.2%+0.1pp
SG0.2%+0.0pp
NL0.2%+0.1pp
Top 5: 24.6% · Top 10: 32.7% · Top 25: 44.3%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$250M |
| AMAT Applied Materials, Inc. | +$160M |
| AVGO Broadcom Inc. | +$1.79B |
| NFLX Netflix, Inc. | +$84M |
| TER Teradyne, Inc. | +$73M |
| 0HQN.L Cboe Global Markets, Inc. | +$73M |
| DDOG Datadog, Inc. | +$46M |
| MSI Motorola Solutions, Inc. | +$43M |
| APP AppLovin Corporation | +$41M |
| BA The Boeing Company | +$40M |
Top sells this quarter · 15
| MU Micron Technology, Inc. | −$415M |
| LITE Lumentum Holdings Inc. | −$188M |
| WDC Western Digital Corporation | −$166M |
| COHR Coherent, Inc. | −$85M |
| META Meta Platforms, Inc. | −$60M |
| GOOG Alphabet Inc. | −$48M |
| JNJ Johnson & Johnson | −$299M |
| SN SharkNinja, Inc. | −$42M |
| ROST Ross Stores, Inc. | −$35M |
| GEV GE Vernova Inc. | −$113M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $38.73B | 1516 | +19.78% | +17.59% | +2.19% | +0.51B |
| 2025-12-31 | $39.47B | 1500 | +17.77% | +17.72% | +0.05% | +0.19B |
| 2025-09-30 | $38.29B | 1506 | +16.88% | +17.52% | -0.64% | -1.08B |
| 2025-06-30 | $36.46B | 1519 | +14.67% | +14.94% | -0.28% | -0.03B |
| 2025-03-31 | $32.67B | 1536 | +4.24% | +8.30% | -4.07% | +1.05B |
| 2024-12-31 | $33.21B | 1487 | +17.86% | +24.89% | -7.03% | +0.24B |
| 2024-09-30 | $32.39B | 1485 | +30.19% | +36.04% | -5.85% | +1.37B |
| 2024-06-30 | $29.28B | 1494 | +18.20% | +24.49% | -6.29% | +1.36B |
| 2024-03-31 | $27.51B | 1503 | +25.19% | +29.62% | -4.43% | +1.50B |
| 2023-12-31 | $24.16B | 1526 | +24.50% | +26.18% | -1.68% | +0.20B |
| 2023-09-30 | $21.30B | 1539 | +18.26% | +21.57% | -3.30% | +0.45B |
| 2023-06-30 | $21.68B | 1546 | +16.62% | +19.42% | -2.81% | +1.25B |
| 2023-03-31 | $19.00B | 1538 | -7.28% | -7.82% | +0.53% | +0.59B |
| 2022-12-31 | $17.19B | 1500 | -17.39% | -18.17% | +0.78% | +0.51B |
| 2022-09-30 | $15.62B | 1514 | -14.11% | -15.51% | +1.40% | +0.77B |
| 2022-06-30 | $15.66B | 1471 | -8.94% | -10.62% | +1.68% | -0.01B |