Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.67%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.86%
baseline attrition
Rally response
-16.17%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VVisa Inc. | $1.91B | 5.4% | -13.1% | 9.3 yr |
| TSMTaiwan Semiconductor Man | $1.51B | 4.2% | +105.6% | 2.0 yr |
| SCHWThe Charles Schwab Corpo | $1.38B | 3.9% | +21.5% | 2.3 yr |
| DISThe Walt Disney Company | $1.28B | 3.6% | -1.3% | 3.3 yr |
| FTVFortive Corporation | $1.24B | 3.5% | +0.7% | 6.5 yr |
| APDAir Products and Chemica | $1.19B | 3.3% | +0.5% | 2.5 yr |
| MCDMcDonald's Corporation | $1.13B | 3.2% | +1.8% | 2.5 yr |
| SHWThe Sherwin-Williams Com | $998M | 2.8% | -7.4% | 2.8 yr |
| TSLATesla, Inc. | $927M | 2.6% | +43.4% | 2.3 yr |
| AAPLApple Inc. | $912M | 2.6% | +14.7% | 1.3 yr |
| BBIOBridgeBio Pharma, Inc. | $879M | 2.5% | +114.8% | 6.8 yr |
| CVNACarvana Co. | $874M | 2.4% | +50.4% | 2.0 yr |
| MSFTMicrosoft Corporation | $855M | 2.4% | -0.6% | 9.3 yr |
| TMOThermo Fisher Scientific | $820M | 2.3% | -0.9% | 6.0 yr |
| JPMJPMorgan Chase & Co. | $795M | 2.2% | +21.8% | 3.8 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology7.1%-2.3pp$2.55B
Industrial - Machinery6.7%+2.7pp$2.41B
Financial - Credit Services6.2%+1.2pp$2.21B
Chemicals - Specialty6.1%+5.0pp$2.19B
Auto - Manufacturers4.8%+3.3pp$1.72B
Internet Content & Information4.6%+0.5pp$1.64B
Semiconductors4.2%-1.3pp$1.51B
Financial - Capital Markets3.9%-0.6pp$1.38B
Entertainment3.6%+1.4pp$1.28B
Medical - Diagnostics & Research3.3%+3.0pp$1.19B
Country
US86.7%-0.5pp
TW4.2%+1.6pp
IE2.6%
CA1.7%
Unknown1.3%-1.2pp
CH1.2%-0.7pp
SG1.1%-0.6pp
NL0.6%+0.4pp
Top 5: 20.5% · Top 10: 34.9% · Top 25: 65.8%
Top buys this quarter · 15
| V Visa Inc. | +$708M |
| CVNA Carvana Co. | +$540M |
| ATI ATI Inc.new | +$485M |
| FDX FedEx Corporation | +$455M |
| LII Lennox International Inc. | +$441M |
| TMO Thermo Fisher Scientific Inc. | +$430M |
| WAT Waters Corporationnew | +$374M |
| HAS Hasbro, Inc.new | +$350M |
| RDDT Reddit, Inc. | +$313M |
| TSLA Tesla, Inc. | +$295M |
Top sells this quarter · 15
| PNC The PNC Financial Services Gro | −$886M |
| AMD Advanced Micro Devices, Inc.exit | −$761M |
| ROST Ross Stores, Inc.exit | −$686M |
| DKNG DraftKings Inc.exit | −$413M |
| AMZN Amazon.com, Inc. | −$402M |
| SAIA Saia, Inc.exit | −$382M |
| CHWY Chewy, Inc.exit | −$365M |
| UBS UBS Group AGexit | −$357M |
| MSFT Microsoft Corporation | −$336M |
| TW Tradeweb Markets Inc.exit | −$326M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $35.75B | 77 | +16.76% | +17.59% | -0.83% | -0.29B |
| 2025-12-31 | $37.68B | 76 | +24.38% | +17.72% | +6.67% | -1.87B |
| 2025-09-30 | $38.50B | 78 | +26.27% | +17.52% | +8.76% | +1.68B |
| 2025-06-30 | $34.59B | 83 | +27.52% | +14.94% | +12.58% | -0.54B |
| 2025-03-31 | $31.48B | 91 | +14.08% | +8.30% | +5.78% | -0.01B |
| 2024-12-31 | $30.90B | 86 | +23.29% | +24.89% | -1.60% | +2.29B |
| 2024-09-30 | $27.44B | 83 | +36.58% | +36.04% | +0.54% | -0.46B |
| 2024-06-30 | $25.95B | 81 | +25.40% | +24.49% | +0.91% | -0.87B |
| 2024-03-31 | $26.86B | 83 | +38.02% | +29.62% | +8.40% | -3.17B |
| 2023-12-31 | $27.27B | 78 | +35.34% | +26.18% | +9.16% | -1.10B |
| 2023-09-30 | $24.57B | 79 | +27.10% | +21.57% | +5.54% | +0.54B |
| 2023-06-30 | $24.34B | 85 | +24.87% | +19.42% | +5.45% | +1.01B |
| 2023-03-31 | $21.23B | 80 | -2.12% | -7.82% | +5.70% | -0.26B |
| 2022-12-31 | $19.90B | 75 | +8.49% | +7.56% | +0.93% | -3.50B |
| 2022-09-30 | $21.57B | 87 | -3.02% | -4.93% | +1.91% | +0.44B |
| 2022-06-30 | $21.79B | 81 | -13.85% | -16.11% | +2.26% | +0.56B |