Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+14.96%
adds when stocks drop
when a holding falls −10%+
Middle response
+10.60%
steady accumulation
Rally response
+14.06%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $706M | 3.5% | +14.7% | 7.5 yr |
| IVViShares Core S&P 500 ETF | $557M | 2.8% | — | 7.3 yr |
| IJHiShares Core S&P Mid-Cap | $526M | 2.6% | — | 7.5 yr |
| MSFTMicrosoft Corporation | $523M | 2.6% | -0.6% | 7.5 yr |
| NVDANVIDIA Corporation | $460M | 2.3% | +60.9% | 3.3 yr |
| AGGiShares Core U.S. Aggreg | $389M | 1.9% | — | 5.0 yr |
| DFAIDimensional - Internatio | $355M | 1.8% | — | 2.3 yr |
| IEFAiShares Core MSCI EAFE E | $299M | 1.5% | — | 2.5 yr |
| AVGOBroadcom Inc. | $274M | 1.4% | +86.0% | 2.5 yr |
| JPMJPMorgan Chase & Co. | $265M | 1.3% | +21.8% | 7.5 yr |
| AMZNAmazon.com, Inc. | $262M | 1.3% | +9.5% | 7.5 yr |
| GOOGLAlphabet Inc. | $261M | 1.3% | — | 6.3 yr |
| SPYState Street SPDR S&P 50 | $200M | 1.0% | +17.6% | 7.5 yr |
| BNDXVanguard Total Internati | $191M | 1.0% | — | 2.5 yr |
| JNJJohnson & Johnson | $186M | 0.9% | +51.5% | 7.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management39.6%+2.8pp$7.95B
Semiconductors6.0%+2.0pp$1.19B
Software - Infrastructure3.7%-0.5pp$741M
Drug Manufacturers - General3.6%-0.4pp$730M
Consumer Electronics3.5%-0.3pp$712M
Asset Management - Bonds3.5%-0.3pp$699M
Internet Content & Information2.7%+1.0pp$545M
Banks - Diversified1.9%-0.2pp$390M
Aerospace & Defense1.7%+0.2pp$337M
Asset Management - Income1.6%+0.6pp$327M
Country
US95.7%+0.4pp
IE0.9%-0.4pp
GB0.7%+0.0pp
CH0.7%-0.2pp
CA0.5%-0.0pp
Unknown0.4%+0.1pp
TW0.2%+0.1pp
NL0.2%-0.0pp
Top 5: 13.8% · Top 10: 21.7% · Top 25: 34.4%
Top buys this quarter · 15
| AAPL Apple Inc. | +$706M |
| MSFT Microsoft Corporation | +$523M |
| NVDA NVIDIA Corporation | +$460M |
| AMZN Amazon.com, Inc. | +$262M |
| PG The Procter & Gamble Company | +$24M |
| SPY State Street SPDR S&P 500 ETF | +$19M |
| NOW ServiceNow, Inc. | +$19M |
| AZN AstraZeneca PLCnew | +$14M |
| META Meta Platforms, Inc. | +$161M |
| PANW Palo Alto Networks, Inc. | +$12M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $20.05B | 2334 | +15.18% | +17.59% | -2.41% | +1.47B |
| 2025-12-31 | $18.96B | 2210 | +15.09% | +17.72% | -2.63% | +3.20B |
| 2025-09-30 | $15.48B | 2042 | +13.54% | +17.52% | -3.98% | +1.66B |
| 2025-06-30 | $12.93B | 1925 | +14.26% | +14.94% | -0.69% | +2.85B |
| 2025-03-31 | $9.34B | 1710 | +7.33% | +8.30% | -0.97% | +1.22B |
| 2024-12-31 | $8.28B | 1597 | +18.41% | +24.89% | -6.48% | +3.13B |
| 2024-09-30 | $5.14B | 1350 | +29.82% | +36.04% | -6.22% | +2.69B |
| 2024-06-30 | $2.27B | 878 | +17.34% | +24.49% | -7.15% | +1.54B |
| 2024-03-31 | $722M | 488 | +20.52% | +29.62% | -9.10% | +0.28B |
| 2023-12-31 | $410M | 293 | +15.61% | +26.18% | -10.57% | +0.17B |
| 2023-09-30 | $214M | 183 | +13.70% | +21.57% | -7.87% | -0.00B |
| 2023-06-30 | $223M | 195 | +11.95% | +19.42% | -7.48% | +0.01B |
| 2023-03-31 | $208M | 182 | -8.62% | -7.82% | -0.80% | -0.00B |
| 2022-12-31 | $201M | 187 | -15.93% | -18.17% | +2.24% | +0.01B |
| 2022-09-30 | $173M | 184 | -13.73% | -15.51% | +1.78% | +0.01B |
| 2022-06-30 | $173M | 190 | -9.36% | -10.62% | +1.26% | +0.02B |