Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-6.95%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.81%
steady accumulation
Rally response
-1.81%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $5.07B | 4.1% | +60.9% | 10.5 yr |
| RYRoyal Bank of Canada | $4.90B | 4.0% | +48.2% | 10.5 yr |
| AAPLApple Inc. | $4.16B | 3.4% | +14.7% | 10.5 yr |
| TDThe Toronto-Dominion Ban | $3.51B | 2.8% | +60.9% | 10.5 yr |
| MSFTMicrosoft Corporation | $3.24B | 2.6% | -0.6% | 10.5 yr |
| BMOBank of Montreal | $2.58B | 2.1% | +47.5% | 10.5 yr |
| GOOGLAlphabet Inc. | $2.20B | 1.8% | — | 10.5 yr |
| ENBEnbridge Inc. | $2.14B | 1.7% | +29.3% | 10.5 yr |
| CMCanadian Imperial Bank o | $2.14B | 1.7% | +73.0% | 10.5 yr |
| AVGOBroadcom Inc. | $2.04B | 1.7% | +86.0% | 8.0 yr |
| AEMAgnico Eagle Mines Limit | $1.98B | 1.6% | +89.2% | 10.5 yr |
| CNQCanadian Natural Resourc | $1.94B | 1.6% | +66.0% | 10.5 yr |
| SPYState Street SPDR S&P 50 | $1.85B | 1.5% | +17.6% | 10.5 yr |
| SUSuncor Energy Inc. | $1.68B | 1.4% | +77.6% | 10.5 yr |
| AMZNAmazon.com, Inc. | $1.62B | 1.3% | +9.5% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Banks - Diversified13.2%+2.9pp$16.28B
Semiconductors8.8%+3.5pp$10.84B
Asset Management5.4%-3.2pp$6.66B
Gold4.2%+2.2pp$5.17B
Internet Content & Information4.1%+0.6pp$5.10B
Drug Manufacturers - General3.9%+1.0pp$4.75B
Oil & Gas Midstream3.7%+0.3pp$4.55B
Software - Infrastructure3.4%-0.7pp$4.22B
Consumer Electronics3.4%-0.3pp$4.19B
Oil & Gas Integrated3.2%+0.9pp$3.90B
Country
US61.4%-5.8pp
CA32.7%+7.5pp
Unknown2.7%-1.2pp
IE0.9%-0.4pp
GB0.7%+0.3pp
BM0.3%-0.0pp
CH0.2%-0.0pp
TW0.2%+0.1pp
Top 5: 16.9% · Top 10: 26.0% · Top 25: 44.2%
Top buys this quarter · 15
| JNJ Johnson & Johnson | +$735M |
| AZN AstraZeneca PLCnew | +$388M |
| LRCX Lam Research Corporation | +$318M |
| MS Morgan Stanley | +$261M |
| FCX Freeport-McMoRan Inc. | +$213M |
| AEP American Electric Power Compan | +$192M |
| NVDA NVIDIA Corporation | +$5.07B |
| COST Costco Wholesale Corporation | +$184M |
| TXN Texas Instruments Incorporated | +$178M |
| PEP PepsiCo, Inc. | +$169M |
Top sells this quarter · 15
| URI United Rentals, Inc. | −$248M |
| MSFT Microsoft Corporation | −$219M |
| META Meta Platforms, Inc. | −$218M |
| PGR The Progressive Corporation | −$208M |
| JPM JPMorgan Chase & Co. | −$162M |
| AAPL Apple Inc. | −$155M |
| MCO Moody's Corporation | −$154M |
| AVGO Broadcom Inc. | −$148M |
| TW Tradeweb Markets Inc. | −$137M |
| EXE Expand Energy Corporation | −$123M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $123.19B | 1223 | +23.46% | +17.59% | +5.87% | +0.24B |
| 2025-12-31 | $124.23B | 1225 | +21.24% | +17.72% | +3.52% | -2.96B |
| 2025-09-30 | $123.07B | 1231 | +17.82% | +17.52% | +0.30% | -3.89B |
| 2025-06-30 | $117.12B | 1190 | +16.78% | +14.94% | +1.84% | -3.80B |
| 2025-03-31 | $108.60B | 1214 | +5.40% | +8.30% | -2.90% | -1.21B |
| 2024-12-31 | $112.99B | 1240 | +16.53% | +24.89% | -8.35% | -0.78B |
| 2024-09-30 | $113.28B | 1382 | +29.88% | +36.04% | -6.16% | -1.90B |
| 2024-06-30 | $107.19B | 1357 | +16.11% | +24.49% | -8.38% | -0.82B |
| 2024-03-31 | $107.48B | 1377 | +23.52% | +29.62% | -6.10% | -1.79B |
| 2023-12-31 | $101.68B | 1384 | +22.19% | +26.18% | -3.99% | +9.31B |
| 2023-09-30 | $82.53B | 1404 | +15.17% | +21.57% | -6.39% | -1.79B |
| 2023-06-30 | $87.77B | 1406 | +12.87% | +19.42% | -6.56% | -0.76B |
| 2023-03-31 | $82.81B | 1421 | -10.75% | -7.82% | -2.93% | -3.28B |
| 2022-12-31 | $80.98B | 1441 | -19.92% | -18.17% | -1.74% | -3.23B |
| 2022-09-30 | $79.82B | 1470 | -15.69% | -15.51% | -0.18% | -1.39B |
| 2022-06-30 | $86.27B | 1454 | -9.93% | -10.62% | +0.69% | -6.06B |