Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.32%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.37%
baseline attrition
Rally response
-5.83%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $830M | 8.5% | +60.9% | 7.0 yr |
| MSFTMicrosoft Corporation | $719M | 7.3% | -0.6% | 10.5 yr |
| AMZNAmazon.com, Inc. | $542M | 5.5% | +9.5% | 10.5 yr |
| GOOGAlphabet Inc. | $462M | 4.7% | +84.3% | 10.5 yr |
| GGGGraco Inc. | $323M | 3.3% | +2.7% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $310M | 3.2% | +21.8% | 10.5 yr |
| AAPLApple Inc. | $307M | 3.1% | +14.7% | 10.5 yr |
| LLYEli Lilly and Company | $300M | 3.1% | +12.2% | 10.5 yr |
| VVisa Inc. | $254M | 2.6% | -13.1% | 10.5 yr |
| TTCThe Toro Company | $254M | 2.6% | +30.4% | 10.5 yr |
| LFUSLittelfuse, Inc. | $246M | 2.5% | +74.5% | 8.3 yr |
| NVTnVent Electric plc | $244M | 2.5% | +127.9% | 8.0 yr |
| MSIMotorola Solutions, Inc. | $235M | 2.4% | +0.2% | 7.8 yr |
| WECWEC Energy Group, Inc. | $221M | 2.3% | +9.8% | 10.5 yr |
| LNTAlliant Energy Corporati | $207M | 2.1% | +15.1% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.0%+2.9pp$1.27B
Software - Infrastructure8.3%+0.4pp$809M
Internet Content & Information6.8%+3.3pp$664M
Specialty Retail6.3%+0.1pp$613M
Industrial - Machinery5.8%-1.2pp$569M
Regulated Electric5.2%+1.3pp$505M
Drug Manufacturers - General5.1%+0.0pp$499M
Chemicals - Specialty5.1%-0.1pp$494M
Banks - Diversified4.6%-2.2pp$453M
Hardware, Equipment & Parts3.5%+1.3pp$343M
Country
US95.3%-1.5pp
GB2.6%+1.2pp
TW1.7%+1.0pp
IE0.4%-0.1pp
Unknown0.1%-0.6pp
CA0.0%+0.0pp
CH0.0%+0.0pp
Top 5: 29.4% · Top 10: 44.0% · Top 25: 73.0%
Top buys this quarter · 15
| WM Waste Management, Inc. | +$91M |
| AMP Ameriprise Financial, Inc. | +$69M |
| PANW Palo Alto Networks, Inc. | +$50M |
| PIPR Piper Sandler Companiesnew | +$42M |
| SFM Sprouts Farmers Market, Inc.new | +$23M |
| ISRG Intuitive Surgical, Inc. | +$17M |
| V Visa Inc. | +$254M |
| MSFT Microsoft Corporation | +$719M |
| MEDP Medpace Holdings, Inc. | +$9M |
| ZTS Zoetis Inc. | +$9M |
Top sells this quarter · 15
| TTC The Toro Company | −$66M |
| JPM JPMorgan Chase & Co. | −$65M |
| JNJ Johnson & Johnson | −$55M |
| CRM Salesforce, Inc. | −$46M |
| FAST Fastenal Company | −$35M |
| NVDA NVIDIA Corporation | −$33M |
| KHC The Kraft Heinz Company | −$31M |
| WFC Wells Fargo & Company | −$29M |
| GOOG Alphabet Inc. | −$25M |
| UNH UnitedHealth Group Incorporate | −$24M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $9.79B | 245 | +14.79% | +17.59% | -2.80% | -0.20B |
| 2025-12-31 | $10.39B | 243 | +12.98% | +17.72% | -4.74% | -0.44B |
| 2025-09-30 | $10.64B | 246 | +11.36% | +17.52% | -6.16% | -0.38B |
| 2025-06-30 | $10.13B | 235 | +6.24% | +14.94% | -8.70% | -0.23B |
| 2025-03-31 | $9.61B | 221 | -0.35% | +8.30% | -8.65% | -0.17B |
| 2024-12-31 | $10.34B | 229 | +14.47% | +24.89% | -10.41% | -0.33B |
| 2024-09-30 | $10.63B | 228 | +29.70% | +36.04% | -6.33% | -0.11B |
| 2024-06-30 | $10.35B | 222 | +17.90% | +24.49% | -6.59% | -0.10B |
| 2024-03-31 | $10.33B | 226 | +27.26% | +29.62% | -2.36% | +0.01B |
| 2023-12-31 | $9.49B | 231 | +21.46% | +26.18% | -4.72% | -0.20B |
| 2023-09-30 | $8.52B | 214 | +14.04% | +21.57% | -7.53% | -0.15B |
| 2023-06-30 | $9.19B | 226 | +16.80% | +19.42% | -2.62% | -0.27B |
| 2023-03-31 | $8.67B | 236 | -5.75% | -7.82% | +2.07% | +0.05B |
| 2022-12-31 | $8.31B | 227 | -13.35% | -18.17% | +4.83% | -0.15B |
| 2022-09-30 | $7.93B | 221 | -9.83% | -15.51% | +5.68% | -0.14B |
| 2022-06-30 | $8.34B | 202 | -6.14% | -10.62% | +4.48% | -0.40B |