Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.91%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.03%
steady accumulation
Rally response
+2.26%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BRK-ABerkshire Hathaway Inc. | $800M | 6.7% | — | 10.5 yr |
| GOOGAlphabet Inc. | $789M | 6.6% | +84.3% | 10.5 yr |
| BRK-BBerkshire Hathaway Inc. | $734M | 6.1% | — | 10.5 yr |
| BNBrookfield Corporation | $529M | 4.4% | +16.5% | 3.5 yr |
| DEDeere & Company | $495M | 4.1% | +21.2% | 10.5 yr |
| AMZNAmazon.com, Inc. | $423M | 3.5% | +9.5% | 10.5 yr |
| ADIAnalog Devices, Inc. | $326M | 2.7% | +60.2% | 10.3 yr |
| AAPLApple Inc. | $311M | 2.6% | +14.7% | 10.5 yr |
| GSThe Goldman Sachs Group, | $304M | 2.5% | +58.1% | 10.3 yr |
| VVisa Inc. | $304M | 2.5% | -13.1% | 10.5 yr |
| HDThe Home Depot, Inc. | $303M | 2.5% | -8.0% | 10.5 yr |
| CATCaterpillar Inc. | $233M | 2.0% | +117.8% | 10.5 yr |
| WSOWatsco, Inc. | $212M | 1.8% | -26.4% | 10.5 yr |
| BLKBlackRock, Inc. | $212M | 1.8% | +3.7% | 1.5 yr |
| MSFTMicrosoft Corporation | $199M | 1.7% | -0.6% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Insurance - Diversified12.8%-2.3pp$1.53B
Asset Management10.5%-0.7pp$1.25B
Internet Content & Information9.3%+3.1pp$1.11B
Agricultural - Machinery6.1%+1.5pp$727M
Financial - Credit Services5.3%-0.1pp$635M
Financial - Capital Markets5.0%+0.8pp$603M
Semiconductors4.0%+0.8pp$479M
Home Improvement4.0%-0.5pp$477M
Specialty Retail3.6%+0.2pp$432M
Insurance - Property & Casualty3.4%-1.2pp$404M
Country
US89.1%-0.2pp
CA6.0%+1.2pp
GB2.0%-0.2pp
DK0.9%-0.4pp
Unknown0.9%-0.1pp
IE0.6%-0.3pp
BM0.2%+0.0pp
LU0.1%-0.0pp
Top 5: 28.0% · Top 10: 42.0% · Top 25: 65.2%
Top buys this quarter · 15
| SUNB Sunbelt Rentals Holdings Incnew | +$63M |
| MELI MercadoLibre, Inc.new | +$9M |
| EPD Enterprise Products Partners Lnew | +$8M |
| FNV Franco-Nevada Corporation | +$6M |
| CSX CSX Corporation | +$4M |
| FDS FactSet Research Systems Inc. | +$29M |
| YUM Yum! Brands, Inc. | +$3M |
| NSC Norfolk Southern Corporation | +$3M |
| LIN Linde plc | +$2M |
| UNP Union Pacific Corporation | +$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $11.94B | 129 | +8.97% | +17.59% | -8.62% | +0.03B |
| 2025-12-31 | $12.54B | 128 | +10.34% | +17.72% | -7.38% | -0.07B |
| 2025-09-30 | $12.32B | 129 | +9.94% | +17.52% | -7.58% | +0.00B |
| 2025-06-30 | $11.83B | 137 | +13.33% | +14.94% | -1.61% | -0.29B |
| 2025-03-31 | $11.26B | 135 | +5.02% | +8.30% | -3.28% | +0.36B |
| 2024-12-31 | $11.34B | 132 | +19.11% | +24.89% | -5.78% | +0.01B |
| 2024-09-30 | $11.11B | 132 | +31.57% | +36.04% | -4.47% | +0.19B |
| 2024-06-30 | $10.17B | 134 | +18.11% | +24.49% | -6.38% | +0.05B |
| 2024-03-31 | $10.14B | 132 | +25.13% | +29.62% | -4.49% | +0.11B |
| 2023-12-31 | $9.20B | 128 | +22.05% | +26.18% | -4.12% | -0.14B |
| 2023-09-30 | $8.28B | 133 | +17.11% | +21.57% | -4.46% | +0.19B |
| 2023-06-30 | $8.40B | 131 | +18.75% | +19.42% | -0.67% | +0.10B |
| 2023-03-31 | $7.86B | 131 | -5.67% | -7.82% | +2.15% | -0.07B |
| 2022-12-31 | $7.46B | 134 | +8.15% | +7.56% | +0.59% | +0.13B |
| 2022-09-30 | $6.77B | 131 | -2.25% | -4.93% | +2.68% | -0.06B |
| 2022-06-30 | $6.99B | 131 | -16.08% | -16.11% | +0.03% | -0.08B |