Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.66%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.68%
steady accumulation
Rally response
+0.33%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $107M | 5.8% | +14.7% | 10.5 yr |
| GOOGAlphabet Inc. | $107M | 5.8% | +84.3% | 10.5 yr |
| WMTWalmart Inc. | $90M | 4.9% | +42.8% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $88M | 4.8% | +21.8% | 10.5 yr |
| BRK-BBerkshire Hathaway Inc. | $78M | 4.2% | — | 10.5 yr |
| MSFTMicrosoft Corporation | $71M | 3.8% | -0.6% | 10.3 yr |
| HDThe Home Depot, Inc. | $62M | 3.4% | -8.0% | 10.5 yr |
| JNJJohnson & Johnson | $62M | 3.3% | +51.5% | 10.5 yr |
| IVViShares Core S&P 500 ETF | $57M | 3.1% | — | 10.5 yr |
| LMTLockheed Martin Corporat | $55M | 3.0% | +39.0% | 10.5 yr |
| MCDMcDonald's Corporation | $53M | 2.9% | +1.8% | 9.5 yr |
| CBChubb Limited | $51M | 2.8% | +9.3% | 2.5 yr |
| VVisa Inc. | $47M | 2.5% | -13.1% | 10.0 yr |
| QQQInvesco QQQ Trust, Serie | $46M | 2.5% | — | 8.0 yr |
| FPEIFirst Trust Institutiona | $46M | 2.5% | — | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management21.5%+3.5pp$396M
Drug Manufacturers - General8.2%+1.7pp$151M
Internet Content & Information6.1%+1.9pp$112M
Consumer Electronics5.8%-0.5pp$107M
Aerospace & Defense5.5%+1.2pp$101M
Discount Stores5.0%+0.7pp$93M
Banks - Diversified4.8%-0.2pp$89M
Insurance - Diversified4.8%-1.2pp$88M
Software - Infrastructure4.1%-0.7pp$75M
Home Improvement3.5%-1.1pp$65M
Country
US93.8%-0.8pp
CH2.8%-0.0pp
IE1.7%-0.5pp
DK1.6%+1.3pp
CA0.0%+0.0pp
Unknown0.0%
TW0.0%
Top 5: 25.5% · Top 10: 42.2% · Top 25: 77.1%
Top buys this quarter · 15
| NVO Novo Nordisk A/S | +$8M |
| ACN Accenture plc | +$31M |
| ADP Automatic Data Processing, Inc | +$6M |
| ITW Illinois Tool Works Inc. | +$3M |
| UNH UnitedHealth Group Incorporate | +$38M |
| SPY State Street SPDR S&P 500 ETF | +$2M |
| AMZN Amazon.com, Inc. | +$40M |
| UNP Union Pacific Corporation | +$1M |
| CRM Salesforce, Inc.new | +$0M |
| IBM International Business Machine | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.84B | 176 | +10.51% | +17.59% | -7.08% | -0.01B |
| 2025-12-31 | $1.90B | 174 | +11.12% | +17.72% | -6.59% | +0.71B |
| 2025-09-30 | $1.15B | 127 | +7.56% | +17.52% | -9.95% | -0.76B |
| 2025-06-30 | $1.78B | 166 | +8.46% | +14.94% | -6.48% | +0.03B |
| 2025-03-31 | $1.72B | 163 | +9.84% | +8.30% | +1.53% | +0.01B |
| 2024-12-31 | $1.74B | 159 | +17.61% | +24.89% | -7.27% | -0.03B |
| 2024-09-30 | $1.77B | 156 | +28.89% | +36.04% | -7.15% | -0.06B |
| 2024-06-30 | $1.69B | 144 | +13.21% | +24.49% | -11.28% | -0.02B |
| 2024-03-31 | $1.66B | 152 | +16.80% | +29.62% | -12.82% | +0.06B |
| 2023-12-31 | $1.52B | 134 | +14.91% | +26.18% | -11.27% | +0.01B |
| 2023-09-30 | $1.37B | 115 | +15.97% | +21.57% | -5.60% | -0.11B |
| 2023-06-30 | $1.56B | 127 | +15.42% | +19.42% | -4.00% | -0.01B |
| 2023-03-31 | $1.47B | 125 | -2.13% | -7.82% | +5.69% | +0.02B |
| 2022-12-31 | $1.41B | 123 | -9.70% | -18.17% | +8.47% | +0.11B |
| 2022-09-30 | $1.18B | 109 | -9.25% | -15.51% | +6.26% | -0.14B |
| 2022-06-30 | $1.39B | 120 | -3.94% | -10.62% | +6.68% | +0.19B |