Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.52%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.01%
baseline attrition
Rally response
-0.92%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MSFTMicrosoft Corporation | $84M | 9.6% | -0.6% | 10.5 yr |
| BRK-BBerkshire Hathaway Inc. | $66M | 7.6% | — | 10.5 yr |
| GOOGLAlphabet Inc. | $45M | 5.2% | — | 10.5 yr |
| METAMeta Platforms, Inc. | $39M | 4.4% | -0.4% | 8.0 yr |
| GOOGAlphabet Inc. | $32M | 3.7% | +84.3% | 10.5 yr |
| AAPLApple Inc. | $32M | 3.7% | +14.7% | 10.5 yr |
| GLWCorning Incorporated | $31M | 3.6% | +201.5% | 10.5 yr |
| XOMExxon Mobil Corporation | $30M | 3.4% | +47.6% | 6.0 yr |
| JNJJohnson & Johnson | $30M | 3.4% | +51.5% | 10.5 yr |
| WMTWalmart Inc. | $28M | 3.2% | +42.8% | 10.5 yr |
| FASTFastenal Company | $25M | 2.9% | +22.1% | 10.5 yr |
| PAYXPaychex, Inc. | $23M | 2.6% | -38.2% | 10.5 yr |
| DOVDover Corporation | $22M | 2.5% | +20.0% | 10.5 yr |
| AXPAmerican Express Company | $20M | 2.3% | +13.3% | 10.5 yr |
| PGThe Procter & Gamble Com | $19M | 2.2% | -12.9% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information13.3%+2.2pp$117M
Software - Infrastructure9.8%-1.8pp$85M
Insurance - Diversified8.1%-2.0pp$71M
Drug Manufacturers - General6.6%+0.7pp$58M
Asset Management5.0%+0.6pp$44M
Hardware, Equipment & Parts3.9%+2.3pp$35M
Consumer Electronics3.7%+0.1pp$32M
Oil & Gas Integrated3.7%+0.7pp$32M
Discount Stores3.4%+0.7pp$29M
Industrial - Distribution2.9%+0.3pp$26M
Country
US97.1%-1.4pp
IE1.7%+0.6pp
Unknown1.1%+0.7pp
SG0.1%
CH0.0%+0.0pp
CN0.0%-0.0pp
Top 5: 30.5% · Top 10: 47.8% · Top 25: 75.4%
Top buys this quarter · 10
| CLAR Clarus Corporation | +$3M |
| WSBC WesBanco, Inc. | +$0M |
| MSFT Microsoft Corporation | +$84M |
| PAYX Paychex, Inc. | +$23M |
| BKNG Booking Holdings Inc. | +$16M |
| T AT&T Inc. | +$0M |
| CSCO Cisco Systems, Inc. | +$0M |
| IJR iShares Core S&P Small-Cap ETF | +$0M |
| VEA Vanguard FTSE Developed Market | +$0M |
| VOO Vanguard S&P 500 ETF | +$9M |
Top sells this quarter · 15
| NVDA NVIDIA Corporation | −$2M |
| GOOG Alphabet Inc. | −$1M |
| META Meta Platforms, Inc. | −$1M |
| TPB Turning Point Brands, Inc. | −$0M |
| MO Altria Group, Inc. | −$0M |
| AAPL Apple Inc. | −$0M |
| AXP American Express Company | −$0M |
| JNJ Johnson & Johnson | −$25M |
| PG The Procter & Gamble Company | −$0M |
| TSCO Tractor Supply Companyexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $875M | 127 | +9.36% | +17.59% | -8.23% | +0.01B |
| 2025-12-31 | $927M | 131 | +14.75% | +17.72% | -2.97% | +0.01B |
| 2025-09-30 | $903M | 129 | +12.28% | +17.52% | -5.24% | -0.02B |
| 2025-06-30 | $874M | 126 | +13.35% | +14.94% | -1.59% | -0.01B |
| 2025-03-31 | $813M | 122 | +5.91% | +8.30% | -2.40% | +0.00B |
| 2024-12-31 | $827M | 123 | +17.66% | +24.89% | -7.23% | -0.01B |
| 2024-09-30 | $837M | 125 | +29.60% | +36.04% | -6.44% | -0.00B |
| 2024-06-30 | $787M | 121 | +17.32% | +24.49% | -7.18% | -0.01B |
| 2024-03-31 | $789M | 121 | +23.55% | +29.62% | -6.07% | +0.00B |
| 2023-12-31 | $723M | 117 | +21.18% | +26.18% | -5.00% | -0.01B |
| 2023-09-30 | $666M | 114 | +21.14% | +21.57% | -0.43% | -0.00B |
| 2023-06-30 | $692M | 116 | +17.53% | +19.42% | -1.89% | -0.01B |
| 2023-03-31 | $653M | 114 | -3.30% | -7.82% | +4.52% | +0.00B |
| 2022-12-31 | $610M | 110 | -13.73% | -18.17% | +4.44% | +0.00B |
| 2022-09-30 | $554M | 107 | -12.82% | -15.51% | +2.68% | +0.00B |
| 2022-06-30 | $590M | 111 | -6.36% | -10.62% | +4.26% | -0.02B |