Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-22.09%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.57%
baseline attrition
Rally response
-1.36%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GLWCorning Incorporated | $187M | 4.6% | +201.5% | 10.5 yr |
| ATIATI Inc. | $152M | 3.7% | +179.6% | 9.0 yr |
| GEVGE Vernova Inc. | $150M | 3.7% | +186.8% | 1.3 yr |
| AAPLApple Inc. | $126M | 3.1% | +14.7% | 10.5 yr |
| TDYTeledyne Technologies In | $112M | 2.7% | +21.6% | 10.5 yr |
| NVDANVIDIA Corporation | $106M | 2.6% | +60.9% | 7.0 yr |
| LLYEli Lilly and Company | $105M | 2.6% | +12.2% | 4.8 yr |
| AXPAmerican Express Company | $97M | 2.4% | +13.3% | 10.5 yr |
| COSTCostco Wholesale Corpora | $95M | 2.3% | +5.9% | 6.8 yr |
| PHParker-Hannifin Corporat | $90M | 2.2% | +48.6% | 10.5 yr |
| TXNTexas Instruments Incorp | $89M | 2.2% | +11.4% | 10.5 yr |
| PANWPalo Alto Networks, Inc. | $84M | 2.0% | -6.0% | 6.0 yr |
| ISRGIntuitive Surgical, Inc. | $83M | 2.0% | -6.9% | 2.3 yr |
| JPMJPMorgan Chase & Co. | $81M | 2.0% | +21.8% | 6.3 yr |
| DEDeere & Company | $81M | 2.0% | +21.2% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Hardware, Equipment & Parts9.7%+2.8pp$400M
Industrial - Machinery6.6%+1.0pp$273M
Semiconductors6.2%+0.9pp$256M
Manufacturing - Metal Fabrication5.2%+3.2pp$215M
Renewable Utilities4.3%+2.3pp$177M
Financial - Credit Services4.2%-0.7pp$174M
Software - Infrastructure3.9%-1.2pp$159M
Communication Equipment3.6%+1.5pp$148M
Chemicals - Specialty3.3%+2.4pp$136M
Aerospace & Defense3.2%+2.2pp$132M
Country
US86.1%-5.0pp
CA3.6%+1.4pp
IE3.0%+1.4pp
GB1.6%+0.8pp
NL1.4%+0.6pp
KY1.3%
Unknown1.2%-0.3pp
JP1.1%+1.1pp
Top 5: 17.7% · Top 10: 29.7% · Top 25: 58.0%
Top buys this quarter · 15
| GOOG Alphabet Inc. | +$55M |
| UTHR United Therapeutics Corporationew | +$50M |
| FN Fabrinet | +$25M |
| TXN Texas Instruments Incorporated | +$25M |
| WMT Walmart Inc. | +$23M |
| SCHW The Charles Schwab Corporation | +$12M |
| OSK Oshkosh Corporation | +$11M |
| ITT ITT Inc. | +$10M |
| MTZ MasTec, Inc. | +$6M |
| TEL TE Connectivity Ltd. | +$5M |
Top sells this quarter · 15
| AMZN Amazon.com, Inc. | −$57M |
| SPGI S&P Global Inc. | −$54M |
| TMO Thermo Fisher Scientific Inc. | −$41M |
| BMI Badger Meter, Inc. | −$37M |
| FICO Fair Isaac Corporationexit | −$32M |
| NVDA NVIDIA Corporation | −$24M |
| ROL Rollins, Inc.exit | −$20M |
| ATI ATI Inc. | −$135M |
| KKR KKR & Co. Inc.exit | −$11M |
| GLW Corning Incorporated | −$125M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.11B | 151 | +26.70% | +17.59% | +9.11% | -0.07B |
| 2025-12-31 | $3.99B | 154 | +16.64% | +17.72% | -1.07% | -0.16B |
| 2025-09-30 | $3.99B | 149 | +12.23% | +17.52% | -5.29% | -0.15B |
| 2025-06-30 | $3.96B | 145 | +14.27% | +14.94% | -0.67% | -0.03B |
| 2025-03-31 | $3.59B | 147 | +6.43% | +8.30% | -1.87% | -0.01B |
| 2024-12-31 | $3.73B | 150 | +16.58% | +24.89% | -8.31% | -0.08B |
| 2024-09-30 | $3.81B | 151 | +31.50% | +36.04% | -4.54% | -0.04B |
| 2024-06-30 | $3.61B | 149 | +19.34% | +24.49% | -5.15% | -0.02B |
| 2024-03-31 | $3.50B | 151 | +22.93% | +29.62% | -6.69% | -0.01B |
| 2023-12-31 | $3.32B | 147 | +20.49% | +26.18% | -5.69% | -0.03B |
| 2023-09-30 | $2.97B | 142 | +16.03% | +21.57% | -5.54% | -0.05B |
| 2023-06-30 | $3.12B | 143 | +14.43% | +19.42% | -4.99% | +0.02B |
| 2023-03-31 | $2.91B | 144 | -9.24% | -7.82% | -1.42% | -0.01B |
| 2022-12-31 | $2.82B | 144 | +8.49% | +7.56% | +0.93% | +0.01B |
| 2022-09-30 | $2.59B | 147 | -4.62% | -4.93% | +0.31% | -0.04B |
| 2022-06-30 | $2.76B | 151 | -15.39% | -16.11% | +0.72% | -0.08B |