Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.35%
trims when stocks drop
when a holding falls −10%+
Middle response
-12.76%
baseline attrition
Rally response
-19.05%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $657M | 6.5% | +60.9% | 4.0 yr |
| MSFTMicrosoft Corporation | $465M | 4.6% | -0.6% | 4.0 yr |
| AAPLApple Inc. | $404M | 4.0% | +14.7% | 4.0 yr |
| GOOGLAlphabet Inc. | $280M | 2.8% | — | 4.0 yr |
| AVGOBroadcom Inc. | $253M | 2.5% | +86.0% | 4.0 yr |
| GOOGAlphabet Inc. | $226M | 2.2% | +84.3% | 4.0 yr |
| METAMeta Platforms, Inc. | $190M | 1.9% | -0.4% | 4.0 yr |
| AMZNAmazon.com, Inc. | $168M | 1.7% | +9.5% | 4.0 yr |
| LLYEli Lilly and Company | $148M | 1.5% | +12.2% | 4.0 yr |
| TSLATesla, Inc. | $144M | 1.4% | +43.4% | 4.0 yr |
| SMDXIntech S&P Small-Mid Cap | $115M | 1.1% | — | 1.3 yr |
| PLTRPalantir Technologies In | $97M | 0.9% | +73.3% | 4.0 yr |
| CSCOCisco Systems, Inc. | $75M | 0.7% | +28.1% | 4.0 yr |
| TDThe Toronto-Dominion Ban | $66M | 0.6% | +60.9% | 2.3 yr |
| AMTAmerican Tower Corporati | $65M | 0.6% | -17.9% | 4.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors11.4%+4.9pp$1.16B
Internet Content & Information7.3%+2.4pp$742M
Software - Infrastructure6.5%+0.1pp$656M
Consumer Electronics4.1%-0.2pp$416M
Banks - Diversified3.6%+1.4pp$361M
Drug Manufacturers - General3.4%-0.2pp$341M
Specialty Retail3.0%-0.6pp$306M
Aerospace & Defense2.3%+1.0pp$232M
Biotechnology2.1%+0.3pp$217M
Banks - Regional1.9%-0.5pp$198M
Country
US90.3%-3.1pp
CA4.4%+2.2pp
IE1.3%+0.4pp
Unknown0.8%-0.2pp
GB0.8%+0.2pp
DE0.5%
CH0.3%+0.2pp
IL0.3%+0.2pp
Top 5: 20.3% · Top 10: 28.9% · Top 25: 38.7%
Top buys this quarter · 15
| GOOG Alphabet Inc. | +$101M |
| MSFT Microsoft Corporation | +$465M |
| LLY Eli Lilly and Company | +$57M |
| DB Deutsche Bank AG | +$26M |
| JNJ Johnson & Johnson | +$24M |
| TD The Toronto-Dominion Bank | +$24M |
| MU Micron Technology, Inc. | +$22M |
| AZN AstraZeneca PLCnew | +$21M |
| HWM Howmet Aerospace Inc. | +$21M |
| TSLA Tesla, Inc. | +$144M |
Top sells this quarter · 15
| META Meta Platforms, Inc. | −$72M |
| NFLX Netflix, Inc. | −$55M |
| CIEN Ciena Corporation | −$51M |
| AMZN Amazon.com, Inc. | −$47M |
| UBER Uber Technologies, Inc. | −$40M |
| BMY Bristol-Myers Squibb Company | −$39M |
| GE GE Aerospace | −$32M |
| OKE ONEOK, Inc. | −$31M |
| WDC Western Digital Corporation | −$29M |
| JPM JPMorgan Chase & Co. | −$26M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $10.16B | 2088 | +19.23% | +17.59% | +1.64% | -0.63B |
| 2025-12-31 | $11.20B | 2307 | +17.25% | +17.72% | -0.47% | -0.21B |
| 2025-09-30 | $11.21B | 2396 | +17.36% | +17.52% | -0.16% | -0.35B |
| 2025-06-30 | $10.65B | 2443 | +16.46% | +14.94% | +1.52% | -0.20B |
| 2025-03-31 | $9.69B | 2516 | +7.39% | +8.30% | -0.91% | -0.08B |
| 2024-12-31 | $10.31B | 2372 | +24.65% | +24.89% | -0.24% | +1.21B |
| 2024-09-30 | $8.93B | 2006 | +35.72% | +36.04% | -0.32% | +0.27B |
| 2024-06-30 | $8.04B | 1094 | +21.90% | +24.49% | -2.59% | +0.71B |
| 2024-03-31 | $7.10B | 642 | +25.30% | +29.62% | -4.33% | -0.46B |
| 2023-12-31 | $6.86B | 689 | +21.28% | +26.18% | -4.90% | -0.65B |
| 2023-09-30 | $6.78B | 704 | +17.29% | +21.57% | -4.28% | -2.61B |
| 2023-06-30 | $9.71B | 702 | +16.55% | +19.42% | -2.87% | -3.44B |
| 2023-03-31 | $12.39B | 683 | +6.51% | +7.46% | -0.94% | -1.82B |
| 2022-12-31 | $13.34B | 667 | +7.24% | +7.56% | -0.32% | -0.95B |
| 2022-09-30 | $13.33B | 654 | -3.87% | -4.93% | +1.06% | -3.37B |
| 2022-06-30 | $17.37B | 662 | — | — | — | — |