Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.18%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.59%
baseline attrition
Rally response
-2.02%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| XOMExxon Mobil Corporation | $89M | 5.5% | +47.6% | 1.3 yr |
| BRK-BBerkshire Hathaway Inc. | $79M | 4.9% | — | 10.5 yr |
| MSFTMicrosoft Corporation | $70M | 4.4% | -0.6% | 10.5 yr |
| CATCaterpillar Inc. | $70M | 4.3% | +117.8% | 10.5 yr |
| CHDChurch & Dwight Co., Inc | $61M | 3.8% | -14.1% | 10.5 yr |
| ECLEcolab Inc. | $60M | 3.7% | +6.0% | 10.5 yr |
| AAPLApple Inc. | $59M | 3.7% | +14.7% | 10.5 yr |
| — | $51M | 3.2% | — | 10.5 yr |
| AMZNAmazon.com, Inc. | $41M | 2.5% | +9.5% | 9.5 yr |
| ADPAutomatic Data Processin | $41M | 2.5% | -31.8% | 10.5 yr |
| JNJJohnson & Johnson | $38M | 2.4% | +51.5% | 10.5 yr |
| CCJCameco Corporation | $36M | 2.2% | +164.4% | 6.0 yr |
| — | $35M | 2.2% | — | 10.5 yr |
| GOOGAlphabet Inc. | $34M | 2.1% | +84.3% | 10.5 yr |
| APDAir Products and Chemica | $27M | 1.7% | +0.5% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Unknown21.6%+3.6pp$349M
Chemicals - Specialty7.2%-0.4pp$117M
Oil & Gas Integrated5.9%+1.2pp$95M
Software - Infrastructure5.8%+0.6pp$93M
Internet Content & Information5.3%+1.1pp$86M
Insurance - Diversified4.9%-1.0pp$79M
Agricultural - Machinery4.4%+1.8pp$72M
Household & Personal Products4.3%-1.2pp$70M
Drug Manufacturers - General4.2%+1.3pp$67M
Consumer Electronics3.7%-0.0pp$60M
Country
US72.7%-3.5pp
Unknown21.6%+3.6pp
CA2.2%+0.6pp
NL1.4%-0.1pp
GB0.8%-0.0pp
CH0.4%-0.1pp
BM0.4%-0.5pp
IE0.3%+0.1pp
Top 5: 22.9% · Top 10: 38.5% · Top 25: 62.1%
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$70M |
| PYPL PayPal Holdings, Inc. | +$20M |
| INTU Intuit Inc. | +$3M |
| MA Mastercard Incorporated | +$3M |
| V Visa Inc. | +$2M |
| AMZN Amazon.com, Inc. | +$41M |
| LLY Eli Lilly and Company | +$20M |
| OKTA Okta, Inc. | +$1M |
| PANW Palo Alto Networks, Inc. | +$14M |
| CHD Church & Dwight Co., Inc. | +$1M |
Top sells this quarter · 15
| CAT Caterpillar Inc. | −$60M |
| CCJ Cameco Corporation | −$33M |
| ABT Abbott Laboratories | −$3M |
| SIRI Sirius XM Holdings Inc. | −$3M |
| MIDD The Middleby Corporation | −$2M |
| LILA Liberty Latin America Ltd. | −$1M |
| PEP PepsiCo, Inc. | −$12M |
| CHTR Charter Communications, Inc. | −$1M |
| CTSH Cognizant Technology Solutions | −$1M |
| BEN Franklin Resources, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.61B | 218 | +11.39% | +17.59% | -6.20% | +0.01B |
| 2025-12-31 | $1.61B | 218 | +10.19% | +17.72% | -7.53% | -0.04B |
| 2025-09-30 | $1.63B | 222 | +7.90% | +17.52% | -9.61% | +0.01B |
| 2025-06-30 | $1.56B | 223 | +10.26% | +14.94% | -4.69% | -0.02B |
| 2025-03-31 | $1.49B | 217 | +4.61% | +8.30% | -3.70% | +0.04B |
| 2024-12-31 | $1.47B | 210 | +12.89% | +24.89% | -12.00% | -0.04B |
| 2024-09-30 | $1.53B | 219 | +23.42% | +36.04% | -12.62% | +0.01B |
| 2024-06-30 | $1.43B | 217 | +12.59% | +24.49% | -11.90% | +0.00B |
| 2024-03-31 | $1.42B | 210 | +20.18% | +29.62% | -9.45% | +0.03B |
| 2023-12-31 | $1.30B | 192 | +18.76% | +26.18% | -7.42% | -0.01B |
| 2023-09-30 | $1.22B | 183 | +19.24% | +21.57% | -2.33% | +0.01B |
| 2023-06-30 | $1.24B | 182 | +15.96% | +19.42% | -3.46% | -0.03B |
| 2023-03-31 | $1.18B | 180 | -5.82% | -7.82% | +2.00% | -0.02B |
| 2022-12-31 | $1.14B | 179 | +8.53% | +7.56% | +0.97% | -0.06B |
| 2022-09-30 | $1.11B | 184 | -5.72% | -4.93% | -0.80% | -0.01B |
| 2022-06-30 | $1.19B | 187 | -12.54% | -16.11% | +3.57% | -0.06B |