Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.19%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.41%
steady accumulation
Rally response
-5.39%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGLAlphabet Inc. | $32M | 5.5% | — | 8.3 yr |
| JPMJPMorgan Chase & Co. | $28M | 4.9% | +21.8% | 8.3 yr |
| LLYEli Lilly and Company | $21M | 3.7% | +12.2% | 1.8 yr |
| MRKMerck & Co., Inc. | $20M | 3.4% | +38.9% | 8.3 yr |
| HUBBHubbell Incorporated | $20M | 3.4% | +50.1% | 2.5 yr |
| MSFTMicrosoft Corporation | $19M | 3.3% | -0.6% | 10.5 yr |
| MRVLMarvell Technology, Inc. | $17M | 3.0% | +61.3% | 3.5 yr |
| ETNEaton Corporation plc | $17M | 2.9% | +33.2% | 7.5 yr |
| RTXRTX Corporation | $17M | 2.9% | +48.1% | 6.0 yr |
| AMZNAmazon.com, Inc. | $15M | 2.6% | +9.5% | 8.5 yr |
| CCitigroup Inc. | $15M | 2.6% | +63.9% | 10.5 yr |
| MDLZMondelez International, | $15M | 2.6% | -13.0% | 10.3 yr |
| UNPUnion Pacific Corporatio | $15M | 2.6% | +5.1% | 5.0 yr |
| BACBank of America Corporat | $14M | 2.5% | +19.4% | 9.5 yr |
| AAPLApple Inc. | $14M | 2.4% | +14.7% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure11.5%+6.4pp$66M
Banks - Diversified10.0%+1.4pp$57M
Drug Manufacturers - General9.7%+1.5pp$56M
Semiconductors8.7%-0.0pp$50M
Asset Management6.7%+0.9pp$39M
Internet Content & Information6.1%+1.6pp$35M
Aerospace & Defense4.5%+0.3pp$26M
Oil & Gas Exploration & Production4.5%-1.6pp$26M
Medical - Diagnostics & Research3.9%-0.1pp$23M
Electrical Equipment & Parts3.4%+1.8pp$20M
Country
US91.4%+0.6pp
IE2.9%-1.2pp
NL2.2%+1.5pp
Unknown1.9%-0.0pp
IL1.5%+0.3pp
CH0.0%-0.1pp
Top 5: 20.9% · Top 10: 35.7% · Top 25: 68.8%
Top buys this quarter · 15
| NXPI NXP Semiconductors N.V. | +$11M |
| PFE Pfizer Inc. | +$10M |
| PPG PPG Industries, Inc. | +$9M |
| UNP Union Pacific Corporation | +$8M |
| ENPH Enphase Energy, Inc. | +$8M |
| EOG EOG Resources, Inc. | +$8M |
| PANW Palo Alto Networks, Inc. | +$5M |
| TPL Texas Pacific Land Corporation | +$5M |
| MDLZ Mondelez International, Inc. | +$4M |
| CNS Cohen & Steers, Inc. | +$3M |
Top sells this quarter · 15
| MU Micron Technology, Inc. | −$15M |
| CSX CSX Corporationexit | −$13M |
| PNC The PNC Financial Services Groexit | −$11M |
| TER Teradyne, Inc.exit | −$11M |
| CTRA Coterra Energy Inc.exit | −$10M |
| SLB SLB N.V.exit | −$10M |
| TEVA Teva Pharmaceutical Industries | −$10M |
| FCX Freeport-McMoRan Inc. | −$9M |
| CW Curtiss-Wright Corporation | −$9M |
| ILMN Illumina, Inc. | −$8M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $574M | 106 | +32.84% | +17.59% | +15.24% | -0.04B |
| 2025-12-31 | $614M | 122 | +24.83% | +17.72% | +7.11% | -0.00B |
| 2025-09-30 | $550M | 107 | +11.32% | +17.52% | -6.20% | +0.00B |
| 2025-06-30 | $507M | 107 | +7.95% | +14.94% | -6.99% | -0.00B |
| 2025-03-31 | $465M | 105 | -1.20% | +8.30% | -9.50% | -0.04B |
| 2024-12-31 | $536M | 118 | +14.64% | +24.89% | -10.24% | +0.02B |
| 2024-09-30 | $520M | 105 | +27.16% | +36.04% | -8.88% | -0.01B |
| 2024-06-30 | $510M | 109 | +19.45% | +24.49% | -5.04% | -0.00B |
| 2024-03-31 | $511M | 112 | +22.97% | +29.62% | -6.65% | +0.02B |
| 2023-12-31 | $453M | 399 | +14.44% | +26.18% | -11.74% | -0.02B |
| 2023-09-30 | $426M | 396 | +17.48% | +21.57% | -4.08% | +0.01B |
| 2023-06-30 | $429M | 334 | +14.74% | +19.42% | -4.69% | -0.01B |
| 2023-03-31 | $420M | 319 | -4.61% | -7.82% | +3.21% | +0.00B |
| 2022-12-31 | $407M | 372 | -10.75% | -18.17% | +7.42% | -0.00B |
| 2022-09-30 | $362M | 364 | -12.60% | -15.51% | +2.91% | +0.00B |
| 2022-06-30 | $377M | 283 | -8.19% | -10.62% | +2.43% | -0.00B |