Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.45%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.70%
baseline attrition
Rally response
-0.65%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| APHAmphenol Corporation | $29M | 5.1% | +93.6% | 10.3 yr |
| ASMLASML Holding N.V. | $26M | 4.6% | +100.9% | 2.8 yr |
| — | $25M | 4.5% | — | 9.8 yr |
| GOOGLAlphabet Inc. | $22M | 4.0% | — | 6.3 yr |
| VVisa Inc. | $21M | 3.8% | -13.1% | 10.0 yr |
| AMZNAmazon.com, Inc. | $21M | 3.8% | +9.5% | 7.3 yr |
| GSThe Goldman Sachs Group, | $20M | 3.6% | +58.1% | 10.3 yr |
| ROSTRoss Stores, Inc. | $19M | 3.4% | +71.2% | 10.3 yr |
| NXTNextpower Inc. | $18M | 3.2% | +186.1% | 1.8 yr |
| MSFTMicrosoft Corporation | $17M | 3.0% | -0.6% | 10.3 yr |
| BLKBlackRock, Inc. | $17M | 3.0% | +3.7% | 1.8 yr |
| HDThe Home Depot, Inc. | $16M | 2.9% | -8.0% | 10.3 yr |
| MPCMarathon Petroleum Corpo | $16M | 2.8% | +71.2% | 7.0 yr |
| URIUnited Rentals, Inc. | $15M | 2.6% | +17.3% | 3.3 yr |
| AJGArthur J. Gallagher & Co | $14M | 2.6% | -36.6% | 6.0 yr |
Portfolio composition (YoY)
Industry mix
Unknown7.3%-1.8pp$41M
Software - Infrastructure5.4%+2.2pp$30M
Hardware, Equipment & Parts5.1%+0.6pp$29M
Asset Management5.0%+1.0pp$28M
Semiconductors4.7%+2.6pp$26M
Medical - Diagnostics & Research4.2%-0.2pp$23M
Internet Content & Information4.1%+4.0pp$23M
Software - Application3.8%-3.8pp$22M
Financial - Credit Services3.8%-0.8pp$21M
Specialty Retail3.8%+0.3pp$21M
Country
US86.0%+0.5pp
Unknown7.3%-1.8pp
NL4.6%+2.6pp
IE2.0%-1.3pp
GB0.1%+0.0pp
Top 5: 22.0% · Top 10: 38.9% · Top 25: 76.0%
Top buys this quarter · 15
| NFLX Netflix, Inc.new | +$11M |
| TLN Talen Energy Corporationnew | +$10M |
| BSX Boston Scientific Corporation | +$9M |
| SNPS Synopsys, Inc. | +$2M |
| UBER Uber Technologies, Inc. | +$2M |
| LLY Eli Lilly and Company | +$1M |
| AVGO Broadcom Inc. | +$0M |
| XOM Exxon Mobil Corporation | +$0M |
| NVDA NVIDIA Corporation | +$0M |
| AAPL Apple Inc. | +$2M |
Top sells this quarter · 15
| APH Amphenol Corporation | −$10M |
| GNTX Gentex Corporationexit | −$7M |
| GS The Goldman Sachs Group, Inc. | −$4M |
| MPC Marathon Petroleum Corporation | −$12M |
| NXT Nextpower Inc. | −$15M |
| ROST Ross Stores, Inc. | −$16M |
| ASML ASML Holding N.V. | −$21M |
| V Visa Inc. | −$1M |
| ZBRA Zebra Technologies Corporation | −$1M |
| ROP Roper Technologies, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $561M | 76 | +8.80% | +17.59% | -8.79% | +0.00B |
| 2025-12-31 | $591M | 75 | +12.75% | +17.72% | -4.96% | -0.01B |
| 2025-09-30 | $605M | 72 | +9.14% | +17.52% | -8.37% | -0.02B |
| 2025-06-30 | $583M | 72 | +6.29% | +14.94% | -8.65% | -0.03B |
| 2025-03-31 | $570M | 71 | -4.48% | +8.30% | -12.78% | +0.01B |
| 2024-12-31 | $575M | 69 | +4.85% | +24.89% | -20.03% | -0.03B |
| 2024-09-30 | $624M | 93 | +22.55% | +36.04% | -13.49% | +0.03B |
| 2024-06-30 | $568M | 63 | +14.19% | +24.49% | -10.30% | -0.00B |
| 2024-03-31 | $591M | 57 | +23.22% | +29.62% | -6.40% | +0.00B |
| 2023-12-31 | $549M | 55 | +20.67% | +26.18% | -5.51% | -0.00B |
| 2023-09-30 | $489M | 49 | +18.29% | +21.57% | -3.27% | -0.00B |
| 2023-06-30 | $505M | 48 | +17.12% | +19.42% | -2.31% | -0.15B |
| 2023-03-31 | $628M | 65 | -2.27% | -7.82% | +5.55% | +0.00B |
| 2022-12-31 | $595M | 68 | -11.40% | -18.17% | +6.77% | +0.00B |
| 2022-09-30 | $536M | 70 | -11.28% | -15.51% | +4.22% | -0.01B |
| 2022-06-30 | $571M | 74 | -7.54% | -10.62% | +3.08% | -0.02B |