Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.80%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.01%
steady accumulation
Rally response
-8.99%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $1.82B | 1.3% | +60.9% | 10.5 yr |
| CSCOCisco Systems, Inc. | $1.72B | 1.2% | +28.1% | 10.5 yr |
| AVGOBroadcom Inc. | $1.60B | 1.1% | +86.0% | 8.0 yr |
| MSFTMicrosoft Corporation | $1.53B | 1.1% | -0.6% | 10.5 yr |
| GOOGLAlphabet Inc. | $1.41B | 1.0% | — | 10.5 yr |
| AAPLApple Inc. | $1.32B | 0.9% | +14.7% | 10.5 yr |
| METAMeta Platforms, Inc. | $1.08B | 0.8% | -0.4% | 10.5 yr |
| XOMExxon Mobil Corporation | $1.05B | 0.8% | +47.6% | 10.5 yr |
| PANWPalo Alto Networks, Inc. | $1.04B | 0.7% | -6.0% | 10.5 yr |
| CRWDCrowdStrike Holdings, In | $1.01B | 0.7% | +10.7% | 7.0 yr |
| FTNTFortinet, Inc. | $940M | 0.7% | -15.1% | 10.5 yr |
| AMZNAmazon.com, Inc. | $903M | 0.6% | +9.5% | 10.5 yr |
| LRCXLam Research Corporation | $903M | 0.6% | +196.1% | 1.5 yr |
| CVXChevron Corporation | $885M | 0.6% | +29.2% | 10.5 yr |
| AMATApplied Materials, Inc. | $885M | 0.6% | +137.6% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors7.7%+2.5pp$10.78B
Software - Infrastructure7.6%-1.2pp$10.57B
Asset Management4.9%-1.1pp$6.87B
Software - Application4.0%-0.9pp$5.62B
Industrial - Machinery3.6%+1.2pp$5.09B
Engineering & Construction3.5%+2.1pp$4.90B
Banks - Regional3.3%+0.3pp$4.64B
Aerospace & Defense3.0%+1.3pp$4.21B
Drug Manufacturers - General2.5%+0.1pp$3.50B
Insurance - Property & Casualty2.5%+0.1pp$3.49B
Country
US91.8%+0.9pp
IE2.2%+0.6pp
CA1.1%-0.1pp
GB0.9%+0.0pp
Unknown0.9%+0.2pp
BM0.5%-0.5pp
CH0.5%-0.2pp
NL0.4%+0.0pp
Top 5: 5.8% · Top 10: 9.7% · Top 25: 18.5%
Top buys this quarter · 15
| ACN Accenture plc | +$373M |
| FTNT Fortinet, Inc. | +$294M |
| IBM International Business Machine | +$271M |
| GILD Gilead Sciences, Inc. | +$235M |
| ETN Eaton Corporation plc | +$229M |
| AAPL Apple Inc. | +$229M |
| DT Dynatrace, Inc. | +$220M |
| BAC Bank of America Corporation | +$219M |
| AFL Aflac Incorporated | +$216M |
| NTAP NetApp, Inc. | +$209M |
Top sells this quarter · 15
| INFY Infosys Limited | −$552M |
| FFIV F5, Inc. | −$369M |
| LRCX Lam Research Corporation | −$294M |
| CSCO Cisco Systems, Inc. | −$289M |
| EXPD Expeditors International of Wa | −$231M |
| AKAM Akamai Technologies, Inc. | −$226M |
| MSI Motorola Solutions, Inc. | −$219M |
| CMI Cummins Inc. | −$216M |
| NFLX Netflix, Inc. | −$194M |
| AMZN Amazon.com, Inc. | −$186M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $139.72B | 2598 | +16.43% | +17.59% | -1.16% | +3.96B |
| 2025-12-31 | $137.41B | 2620 | +14.05% | +17.72% | -3.66% | +2.68B |
| 2025-09-30 | $134.10B | 2562 | +15.34% | +17.52% | -2.18% | +1.89B |
| 2025-06-30 | $124.26B | 2580 | +16.58% | +14.94% | +1.64% | -0.11B |
| 2025-03-31 | $112.82B | 2528 | +3.95% | +8.30% | -4.35% | +3.16B |
| 2024-12-31 | $113.30B | 2548 | +14.91% | +24.89% | -9.98% | +6.75B |
| 2024-09-30 | $104.87B | 2350 | +26.48% | +36.04% | -9.56% | -0.58B |
| 2024-06-30 | $98.05B | 2305 | +12.84% | +24.49% | -11.65% | +1.27B |
| 2024-03-31 | $98.46B | 2324 | +19.28% | +29.62% | -10.34% | +0.44B |
| 2023-12-31 | $91.62B | 2332 | +16.33% | +26.18% | -9.85% | -2.71B |
| 2023-09-30 | $84.35B | 2335 | +11.82% | +21.57% | -9.74% | -0.00B |
| 2023-06-30 | $87.92B | 2343 | +12.23% | +19.42% | -7.19% | -2.00B |
| 2023-03-31 | $86.53B | 2343 | -9.39% | -7.82% | -1.57% | -1.14B |
| 2022-12-31 | $84.02B | 2406 | -17.16% | -18.17% | +1.01% | +1.17B |
| 2022-09-30 | $77.07B | 2450 | -14.41% | -15.51% | +1.09% | -0.84B |
| 2022-06-30 | $80.91B | 2472 | -10.61% | -10.62% | +0.01% | -1.03B |