Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.40%
trims when stocks drop
when a holding falls −10%+
Middle response
+4.00%
steady accumulation
Rally response
-3.98%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $489M | 3.9% | +60.9% | 10.5 yr |
| AAPLApple Inc. | $437M | 3.5% | +14.7% | 10.3 yr |
| GOOGLAlphabet Inc. | $429M | 3.4% | — | 10.5 yr |
| MSFTMicrosoft Corporation | $409M | 3.3% | -0.6% | 10.5 yr |
| CATCaterpillar Inc. | $296M | 2.4% | +117.8% | 9.0 yr |
| JPMJPMorgan Chase & Co. | $269M | 2.2% | +21.8% | 10.5 yr |
| WMTWalmart Inc. | $260M | 2.1% | +42.8% | 10.5 yr |
| XOMExxon Mobil Corporation | $255M | 2.1% | +47.6% | 10.5 yr |
| AVGOBroadcom Inc. | $242M | 1.9% | +86.0% | 7.3 yr |
| METAMeta Platforms, Inc. | $238M | 1.9% | -0.4% | 10.5 yr |
| AMZNAmazon.com, Inc. | $238M | 1.9% | +9.5% | 10.3 yr |
| JNJJohnson & Johnson | $214M | 1.7% | +51.5% | 10.5 yr |
| PHParker-Hannifin Corporat | $184M | 1.5% | +48.6% | 4.0 yr |
| CSCOCisco Systems, Inc. | $181M | 1.4% | +28.1% | 10.5 yr |
| ABBVAbbVie Inc. | $177M | 1.4% | +7.3% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors8.2%+2.7pp$1.02B
Drug Manufacturers - General6.7%+0.4pp$830M
Internet Content & Information6.0%+1.6pp$742M
Asset Management4.9%-0.6pp$612M
Banks - Diversified4.9%-0.5pp$611M
Software - Infrastructure4.3%-1.7pp$539M
Consumer Electronics3.6%+0.5pp$445M
Agricultural - Machinery2.9%+1.1pp$365M
Aerospace & Defense2.7%+0.5pp$340M
Industrial - Machinery2.7%+0.0pp$332M
Country
US97.9%+0.1pp
GB0.7%+0.6pp
IE0.6%-0.7pp
KY0.3%+0.2pp
LU0.3%-0.3pp
Unknown0.1%-0.1pp
BM0.1%-0.0pp
SG0.1%+0.1pp
Top 5: 16.5% · Top 10: 26.7% · Top 25: 45.4%
Top buys this quarter · 15
| DAL Delta Air Lines, Inc. | +$71M |
| AAPL Apple Inc. | +$36M |
| MSFT Microsoft Corporation | +$409M |
| MS Morgan Stanley | +$31M |
| ABBV AbbVie Inc. | +$29M |
| T AT&T Inc. | +$27M |
| ULTA Ulta Beauty, Inc. | +$26M |
| HAL Halliburton Company | +$20M |
| AMAT Applied Materials, Inc. | +$14M |
| AMZN Amazon.com, Inc. | +$238M |
Top sells this quarter · 15
| NSC Norfolk Southern Corporation | −$58M |
| JPM JPMorgan Chase & Co. | −$52M |
| PNR Pentair plc | −$42M |
| AMP Ameriprise Financial, Inc. | −$32M |
| WELL Welltower Inc. | −$23M |
| META Meta Platforms, Inc. | −$18M |
| ACN Accenture plc | −$18M |
| INTU Intuit Inc. | −$18M |
| AWI Armstrong World Industries, Inexit | −$13M |
| MDB MongoDB, Inc. | −$13M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $12.46B | 704 | +18.45% | +17.59% | +0.86% | -0.14B |
| 2025-12-31 | $12.72B | 722 | +17.30% | +17.72% | -0.41% | -0.05B |
| 2025-09-30 | $12.54B | 737 | +16.13% | +17.52% | -1.39% | -0.02B |
| 2025-06-30 | $11.68B | 691 | +17.30% | +14.94% | +2.36% | +0.01B |
| 2025-03-31 | $10.70B | 650 | +8.31% | +8.30% | +0.01% | +0.11B |
| 2024-12-31 | $10.79B | 663 | +21.10% | +24.89% | -3.78% | -0.82B |
| 2024-09-30 | $11.52B | 675 | +32.27% | +36.04% | -3.76% | +1.87B |
| 2024-06-30 | $8.88B | 606 | +18.34% | +24.49% | -6.15% | -0.56B |
| 2024-03-31 | $9.37B | 627 | +23.59% | +29.62% | -6.04% | +0.47B |
| 2023-12-31 | $8.11B | 608 | +13.66% | +26.18% | -12.51% | -0.38B |
| 2023-09-30 | $7.71B | 598 | +14.30% | +21.57% | -7.27% | -0.02B |
| 2023-06-30 | $7.96B | 633 | +11.23% | +19.42% | -8.19% | +0.11B |
| 2023-03-31 | $7.46B | 622 | -6.13% | -7.82% | +1.69% | +0.23B |
| 2022-12-31 | $7.16B | 592 | -11.29% | -18.17% | +6.88% | +0.24B |
| 2022-09-30 | $6.25B | 572 | -11.02% | -15.51% | +4.49% | +0.05B |
| 2022-06-30 | $6.55B | 561 | -5.41% | -10.62% | +5.21% | +0.16B |