Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-10.75%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.82%
baseline attrition
Rally response
-4.80%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $169M | 11.9% | +60.9% | 10.3 yr |
| AAPLApple Inc. | $65M | 4.6% | +14.7% | 10.5 yr |
| GOOGLAlphabet Inc. | $57M | 4.0% | — | 10.5 yr |
| COHRCoherent, Inc. | $55M | 3.9% | +266.8% | 3.8 yr |
| MSFTMicrosoft Corporation | $44M | 3.1% | -0.6% | 10.5 yr |
| BRK-BBerkshire Hathaway Inc. | $42M | 3.0% | — | 10.5 yr |
| RTXRTX Corporation | $42M | 2.9% | +48.1% | 6.0 yr |
| GSThe Goldman Sachs Group, | $41M | 2.9% | +58.1% | 10.5 yr |
| LHXL3Harris Technologies, I | $40M | 2.9% | +67.7% | 6.8 yr |
| ABBVAbbVie Inc. | $39M | 2.8% | +7.3% | 10.5 yr |
| BWXTBWX Technologies, Inc. | $35M | 2.5% | +108.6% | 3.5 yr |
| AVGOBroadcom Inc. | $34M | 2.4% | +86.0% | 6.3 yr |
| IBMInternational Business M | $31M | 2.2% | -0.1% | 10.5 yr |
| ROKRockwell Automation, Inc | $26M | 1.8% | +41.0% | 5.3 yr |
| ABTAbbott Laboratories | $26M | 1.8% | -21.1% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors15.6%+2.6pp$221M
Aerospace & Defense10.5%+1.8pp$148M
Asset Management7.8%-0.8pp$110M
Internet Content & Information6.3%+1.3pp$90M
Drug Manufacturers - General5.2%-0.7pp$74M
Software - Infrastructure4.9%-2.4pp$69M
Consumer Electronics4.6%-0.7pp$65M
Hardware, Equipment & Parts3.9%+2.4pp$55M
Insurance - Diversified3.0%-1.3pp$42M
Financial - Capital Markets2.9%+0.4pp$41M
Country
US97.8%+1.1pp
CA1.1%-0.3pp
GB0.4%+0.1pp
IE0.2%-1.0pp
Unknown0.2%+0.0pp
TW0.1%
CH0.0%+0.0pp
BM0.0%+0.0pp
Top 5: 27.5% · Top 10: 41.9% · Top 25: 67.2%
Top buys this quarter · 15
| SOLS Solstice Advanced Materials In | +$10M |
| FCX Freeport-McMoRan Inc. | +$2M |
| FANG Diamondback Energy, Inc. | +$2M |
| ORCL Oracle Corporation | +$2M |
| XOM Exxon Mobil Corporation | +$1M |
| NKE NIKE, Inc. | +$1M |
| DHI D.R. Horton, Inc. | +$1M |
| ISRG Intuitive Surgical, Inc. | +$7M |
| AMGN Amgen Inc. | +$1M |
| MPC Marathon Petroleum Corporation | +$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.42B | 265 | +36.19% | +17.59% | +18.60% | -0.03B |
| 2025-12-31 | $1.45B | 258 | +28.45% | +17.72% | +10.73% | -0.03B |
| 2025-09-30 | $1.42B | 259 | +25.27% | +17.52% | +7.76% | -0.04B |
| 2025-06-30 | $1.30B | 244 | +19.11% | +14.94% | +4.17% | -0.07B |
| 2025-03-31 | $1.17B | 242 | +3.06% | +8.30% | -5.24% | -0.11B |
| 2024-12-31 | $1.36B | 244 | +21.48% | +24.89% | -3.41% | -0.04B |
| 2024-09-30 | $1.38B | 250 | +35.22% | +36.04% | -0.81% | +0.01B |
| 2024-06-30 | $1.29B | 229 | +23.06% | +24.49% | -1.43% | +0.02B |
| 2024-03-31 | $1.25B | 238 | +28.20% | +29.62% | -1.42% | +0.07B |
| 2023-12-31 | $1.07B | 222 | +20.07% | +26.18% | -6.10% | -0.04B |
| 2023-09-30 | $973M | 220 | +16.13% | +21.57% | -5.44% | -0.05B |
| 2023-06-30 | $1.06B | 229 | +12.32% | +19.42% | -7.11% | +0.02B |
| 2023-03-31 | $982M | 231 | -7.97% | -7.82% | -0.15% | +0.02B |
| 2022-12-31 | $934M | 223 | -15.22% | -18.17% | +2.95% | -0.03B |
| 2022-09-30 | $884M | 211 | -13.91% | -15.51% | +1.60% | -0.03B |
| 2022-06-30 | $974M | 217 | -7.58% | -10.62% | +3.04% | -0.13B |