Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.43%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.43%
steady accumulation
Rally response
-7.30%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $7.33B | 6.3% | +60.9% | 10.5 yr |
| AAPLApple Inc. | $6.55B | 5.6% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $4.81B | 4.1% | -0.6% | 10.5 yr |
| AMZNAmazon.com, Inc. | $3.45B | 3.0% | +9.5% | 10.5 yr |
| GOOGLAlphabet Inc. | $2.92B | 2.5% | — | 10.5 yr |
| AVGOBroadcom Inc. | $2.54B | 2.2% | +86.0% | 8.3 yr |
| GOOGAlphabet Inc. | $2.34B | 2.0% | +84.3% | 10.5 yr |
| METAMeta Platforms, Inc. | $2.20B | 1.9% | -0.4% | 10.5 yr |
| TSLATesla, Inc. | $1.80B | 1.5% | +43.4% | 10.5 yr |
| BRK-BBerkshire Hathaway Inc. | $1.37B | 1.2% | — | 10.5 yr |
| JPMJPMorgan Chase & Co. | $1.36B | 1.2% | +21.8% | 10.5 yr |
| LLYEli Lilly and Company | $1.25B | 1.1% | +12.2% | 10.5 yr |
| XOMExxon Mobil Corporation | $1.18B | 1.0% | +47.6% | 10.5 yr |
| VVisa Inc. | $953M | 0.8% | -13.1% | 10.5 yr |
| JNJJohnson & Johnson | $936M | 0.8% | +51.5% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors12.6%+4.0pp$14.71B
Internet Content & Information6.6%+1.1pp$7.77B
Software - Infrastructure6.2%-0.8pp$7.23B
Consumer Electronics5.7%-0.3pp$6.62B
Drug Manufacturers - General3.9%-0.0pp$4.60B
Specialty Retail3.7%-0.3pp$4.37B
Banks - Diversified2.6%+0.0pp$3.02B
Aerospace & Defense2.3%+0.4pp$2.67B
Software - Application2.2%-1.0pp$2.55B
Financial - Credit Services2.2%-0.6pp$2.53B
Country
US96.0%-0.1pp
IE1.2%-0.1pp
GB0.7%+0.0pp
Unknown0.6%+0.1pp
CH0.3%+0.0pp
BM0.2%-0.0pp
SG0.2%+0.1pp
TW0.1%+0.0pp
Top 5: 21.4% · Top 10: 30.2% · Top 25: 40.9%
Top buys this quarter · 15
| VRT Vertiv Holdings Co | +$59M |
| PANW Palo Alto Networks, Inc. | +$33M |
| WAT Waters Corporation | +$19M |
| FITB Fifth Third Bancorp | +$17M |
| PIPR Piper Sandler Companiesnew | +$17M |
| AVGO Broadcom Inc. | +$2.54B |
| AHR American Healthcare REIT, Inc. | +$15M |
| MDLN Medline Inc.new | +$12M |
| BROS Dutch Bros Inc. | +$11M |
| CDE Coeur Mining, Inc. | +$11M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $116.90B | 4090 | +17.86% | +17.59% | +0.27% | -2.10B |
| 2025-12-31 | $123.69B | 4128 | +16.26% | +17.72% | -1.46% | -3.35B |
| 2025-09-30 | $124.51B | 4116 | +16.55% | +17.52% | -0.97% | -1.59B |
| 2025-06-30 | $116.77B | 4137 | +14.89% | +14.94% | -0.05% | -2.10B |
| 2025-03-31 | $106.91B | 4129 | +4.79% | +8.30% | -3.52% | +0.82B |
| 2024-12-31 | $111.79B | 4169 | +18.83% | +24.89% | -6.06% | -1.60B |
| 2024-09-30 | $110.85B | 4190 | +30.23% | +36.04% | -5.81% | -2.42B |
| 2024-06-30 | $106.40B | 4367 | +17.44% | +24.49% | -7.05% | +0.80B |
| 2024-03-31 | $104.13B | 4248 | +24.24% | +29.62% | -5.38% | +1.48B |
| 2023-12-31 | $95.39B | 4265 | +23.07% | +26.18% | -3.11% | -1.16B |
| 2023-09-30 | $86.14B | 4304 | +17.22% | +21.57% | -4.35% | +0.44B |
| 2023-06-30 | $89.26B | 4386 | +16.66% | +19.42% | -2.76% | +2.31B |
| 2023-03-31 | $81.05B | 2952 | -7.62% | -7.82% | +0.20% | +1.76B |
| 2022-12-31 | $74.39B | 2996 | -17.34% | -18.17% | +0.84% | +2.71B |
| 2022-09-30 | $67.13B | 3072 | -14.01% | -15.51% | +1.50% | +1.65B |
| 2022-06-30 | $68.53B | 3084 | -9.49% | -10.62% | +1.13% | +2.53B |