Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.64%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.17%
baseline attrition
Rally response
-3.80%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $54M | 6.9% | +14.7% | 10.5 yr |
| NVDANVIDIA Corporation | $48M | 6.2% | +60.9% | 9.8 yr |
| MSFTMicrosoft Corporation | $39M | 5.0% | -0.6% | 10.5 yr |
| GOOGLAlphabet Inc. | $31M | 4.0% | — | 10.5 yr |
| AVGOBroadcom Inc. | $24M | 3.1% | +86.0% | 3.5 yr |
| AMZNAmazon.com, Inc. | $24M | 3.1% | +9.5% | 10.5 yr |
| METAMeta Platforms, Inc. | $14M | 1.8% | -0.4% | 10.5 yr |
| LLYEli Lilly and Company | $14M | 1.8% | +12.2% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $14M | 1.8% | +21.8% | 10.5 yr |
| TSLATesla, Inc. | $12M | 1.5% | +43.4% | 6.3 yr |
| XOMExxon Mobil Corporation | $12M | 1.5% | +47.6% | 10.5 yr |
| JNJJohnson & Johnson | $10M | 1.3% | +51.5% | 10.5 yr |
| VVisa Inc. | $8M | 1.0% | -13.1% | 10.5 yr |
| KLACKLA Corporation | $7M | 0.9% | +118.2% | 6.8 yr |
| CATCaterpillar Inc. | $7M | 0.9% | +117.8% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.1%+5.0pp$102M
Consumer Electronics6.9%+0.2pp$54M
Software - Infrastructure6.7%-1.3pp$52M
Internet Content & Information6.5%+1.2pp$50M
Drug Manufacturers - General6.4%+0.7pp$50M
Specialty Retail3.7%-0.2pp$29M
Banks - Diversified3.5%+0.4pp$27M
Financial - Credit Services2.7%+0.4pp$21M
Regulated Electric2.4%-0.3pp$18M
Oil & Gas Integrated2.2%+0.5pp$17M
Country
US97.1%+3.8pp
IE1.2%+0.0pp
GB0.5%-0.1pp
CH0.5%+0.0pp
BM0.3%-0.2pp
Unknown0.3%-3.5pp
BR0.1%
Top 5: 25.3% · Top 10: 35.2% · Top 25: 48.6%
Top buys this quarter · 15
| OMC Omnicom Group Inc. | +$2M |
| LRCX Lam Research Corporation | +$2M |
| UPS United Parcel Service, Inc. | +$2M |
| FDX FedEx Corporation | +$1M |
| APA APA Corporationnew | +$1M |
| GEV GE Vernova Inc. | +$1M |
| CHDN Churchill Downs Incorporatednew | +$1M |
| TJX The TJX Companies, Inc. | +$1M |
| DDS Dillard's, Inc.new | +$1M |
| LOW Lowe's Companies, Inc. | +$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $776M | 271 | +20.60% | +17.59% | +3.01% | -0.02B |
| 2025-12-31 | $806M | 252 | +17.29% | +17.72% | -0.43% | -0.00B |
| 2025-09-30 | $794M | 259 | +17.63% | +17.52% | +0.12% | -0.22B |
| 2025-06-30 | $941M | 256 | +16.07% | +14.94% | +1.12% | -0.01B |
| 2025-03-31 | $857M | 291 | +6.27% | +8.30% | -2.03% | -0.02B |
| 2024-12-31 | $913M | 298 | +20.71% | +24.89% | -4.18% | +0.01B |
| 2024-09-30 | $886M | 295 | +31.16% | +36.04% | -4.88% | -0.02B |
| 2024-06-30 | $848M | 280 | +18.64% | +24.49% | -5.85% | +0.03B |
| 2024-03-31 | $807M | 271 | +25.89% | +29.62% | -3.74% | -0.02B |
| 2023-12-31 | $763M | 272 | +23.08% | +26.18% | -3.10% | -0.01B |
| 2023-09-30 | $696M | 277 | +17.37% | +21.57% | -4.20% | -0.04B |
| 2023-06-30 | $767M | 284 | +15.96% | +19.42% | -3.47% | -0.02B |
| 2023-03-31 | $732M | 287 | -6.83% | -7.82% | +0.99% | -0.09B |
| 2022-12-31 | $772M | 288 | +6.07% | +7.56% | -1.49% | -0.01B |
| 2022-09-30 | $740M | 289 | -4.65% | -4.93% | +0.28% | -0.01B |
| 2022-06-30 | $783M | 290 | -13.40% | -16.11% | +2.71% | -0.02B |