Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.93%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.01%
steady accumulation
Rally response
-2.03%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TOTB.DETotalEnergies SE | $2.83B | 46.7% | +41.2% | 0.5 yr |
| AZNAstraZeneca PLC | $946M | 15.6% | +36.2% | 0.3 yr |
| LINLinde plc | $368M | 6.1% | +7.9% | 1.5 yr |
| UBSUBS Group AG | $299M | 4.9% | +31.6% | 1.5 yr |
| ALCAlcon Inc. | $175M | 2.9% | -20.3% | 1.5 yr |
| TTTrane Technologies plc | $130M | 2.1% | +24.8% | 1.5 yr |
| NVDANVIDIA Corporation | $88M | 1.5% | +60.9% | 1.5 yr |
| AAPLApple Inc. | $79M | 1.3% | +14.7% | 1.5 yr |
| VVisa Inc. | $56M | 0.9% | -13.1% | 1.5 yr |
| IRIngersoll Rand Inc. | $55M | 0.9% | +0.2% | 1.5 yr |
| MSFTMicrosoft Corporation | $53M | 0.9% | -0.6% | 1.5 yr |
| — | $51M | 0.8% | — | 0.3 yr |
| AMZNAmazon.com, Inc. | $44M | 0.7% | +9.5% | 1.5 yr |
| GOOGLAlphabet Inc. | $38M | 0.6% | — | 1.5 yr |
| SUNBSunbelt Rentals Holdings | $34M | 0.6% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Integrated46.7%$2.83B
Drug Manufacturers - General16.7%+13.9pp$1.01B
Chemicals - Specialty6.1%-10.0pp$368M
Banks - Diversified5.5%-8.0pp$335M
Medical - Instruments & Supplies2.9%-7.3pp$175M
Semiconductors2.7%-2.2pp$161M
Construction2.1%-3.0pp$130M
Financial - Credit Services1.8%-2.2pp$107M
Industrial - Machinery1.3%-2.4pp$81M
Consumer Electronics1.3%-2.0pp$79M
Country
FR46.7%
GB21.8%+5.8pp
US19.8%-31.8pp
CH7.8%-14.4pp
IE3.0%-4.6pp
Unknown0.8%-1.7pp
SG0.0%
BM0.0%
Top 5: 76.2% · Top 10: 82.9% · Top 25: 89.8%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$963M |
| SUNB Sunbelt Rentals Holdings Incnew | +$35M |
| ALC Alcon Inc. | +$175M |
| NFLX Netflix, Inc. | +$7M |
| WFC Wells Fargo & Company | +$3M |
| MSFT Microsoft Corporation | +$53M |
| C Citigroup Inc. | +$2M |
| LIN Linde plc | +$2M |
| NOW ServiceNow, Inc. | +$5M |
| MU Micron Technology, Inc. | +$2M |
Top sells this quarter · 15
| MICC The Magnum Ice Cream Company Nexit | −$12M |
| BAC Bank of America Corporation | −$9M |
| COTY Coty Inc.exit | −$5M |
| UBS UBS Group AG | −$4M |
| VRT Vertiv Holdings Co | −$3M |
| EXPD Expeditors International of Wa | −$2M |
| ECL Ecolab Inc.exit | −$2M |
| LRCX Lam Research Corporation | −$10M |
| JNJ Johnson & Johnson | −$14M |
| GEV GE Vernova Inc. | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $6.06B | 217 | +38.16% | +17.59% | +20.57% | +0.95B |
| 2025-12-31 | $4.39B | 209 | +18.74% | +17.72% | +1.02% | +1.94B |
| 2025-09-30 | $2.35B | 218 | +4.79% | +8.12% | -3.33% | -0.15B |
| 2025-06-30 | $2.39B | 193 | +8.48% | +10.78% | -2.30% | +0.13B |
| 2025-03-31 | $2.08B | 204 | +0.15% | -4.27% | +4.42% | +0.04B |
| 2024-12-31 | $2.04B | 222 | — | — | — | — |