Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.57%
trims when stocks drop
when a holding falls −10%+
Middle response
-9.42%
baseline attrition
Rally response
-0.41%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $619M | 5.2% | +60.9% | 4.0 yr |
| AAPLApple Inc. | $574M | 4.9% | +14.7% | 4.0 yr |
| MSFTMicrosoft Corporation | $416M | 3.5% | -0.6% | 4.0 yr |
| AMZNAmazon.com, Inc. | $306M | 2.6% | +9.5% | 4.0 yr |
| IQSMNYLI Candriam U.S. Mid C | $271M | 2.3% | — | 3.5 yr |
| ESGBIQ MacKay ESG Core Plus | $270M | 2.3% | — | 4.3 yr |
| GOOGLAlphabet Inc. | $266M | 2.3% | — | 4.0 yr |
| IQSUNYLI Candriam U.S. Large | $252M | 2.1% | — | 6.0 yr |
| AVGOBroadcom Inc. | $214M | 1.8% | +86.0% | 4.0 yr |
| LRNDNYLI U.S. Large Cap R&D | $201M | 1.7% | — | 4.3 yr |
| GOOGAlphabet Inc. | $200M | 1.7% | +84.3% | 4.0 yr |
| METAMeta Platforms, Inc. | $183M | 1.6% | -0.4% | 4.0 yr |
| IQSINYLI Candriam Internatio | $181M | 1.5% | — | 6.0 yr |
| MGCVanguard Mega Cap ETF | $176M | 1.5% | — | 6.0 yr |
| TSLATesla, Inc. | $156M | 1.3% | +43.4% | 4.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management22.2%+1.0pp$2.61B
Semiconductors10.2%+3.6pp$1.21B
Internet Content & Information5.6%+1.3pp$659M
Software - Infrastructure4.9%-0.6pp$581M
Consumer Electronics4.9%-0.0pp$576M
Asset Management - Bonds4.5%-0.6pp$529M
Drug Manufacturers - General3.3%+0.1pp$392M
Specialty Retail3.0%-0.1pp$349M
Banks - Diversified2.0%+0.0pp$238M
Financial - Credit Services1.6%-0.5pp$194M
Country
US99.8%+2.1pp
CA0.1%+0.1pp
Unknown0.0%-0.1pp
CN0.0%-0.0pp
UY0.0%-0.0pp
SE0.0%+0.0pp
NL0.0%-0.1pp
GB0.0%-0.4pp
Top 5: 18.5% · Top 10: 28.7% · Top 25: 46.2%
Top buys this quarter · 15
| AAPL Apple Inc. | +$40M |
| NVDA NVIDIA Corporation | +$619M |
| AMZN Amazon.com, Inc. | +$306M |
| VRT Vertiv Holdings Co | +$14M |
| MSFT Microsoft Corporation | +$416M |
| AVGO Broadcom Inc. | +$214M |
| META Meta Platforms, Inc. | +$183M |
| WBD Warner Bros. Discovery, Inc. | +$9M |
| WTRG Essential Utilities, Inc. | +$7M |
| LLY Eli Lilly and Company | +$110M |
Top sells this quarter · 15
| AL Air Lease Corporationexit | −$9M |
| TGNA TEGNA Inc.exit | −$7M |
| EXAS Exact Sciences Corporationexit | −$7M |
| NGD New Gold Inc.exit | −$4M |
| BE Bloom Energy Corporationexit | −$2M |
| AMWD American Woodmark Corporationexit | −$2M |
| JNJ Johnson & Johnson | −$71M |
| LW Lamb Weston Holdings, Inc.exit | −$1M |
| RIVN Rivian Automotive, Inc.exit | −$1M |
| CFLT Confluent, Inc.exit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $11.80B | 778 | +17.66% | +17.59% | +0.07% | +0.71B |
| 2025-12-31 | $11.60B | 762 | +17.20% | +17.72% | -0.52% | -0.05B |
| 2025-09-30 | $11.37B | 802 | +16.69% | +17.52% | -0.83% | -0.17B |
| 2025-06-30 | $10.68B | 797 | +14.97% | +14.94% | +0.02% | -0.23B |
| 2025-03-31 | $9.81B | 817 | +5.42% | +8.30% | -2.88% | +0.07B |
| 2024-12-31 | $10.24B | 817 | +19.05% | +24.89% | -5.84% | -0.25B |
| 2024-09-30 | $10.28B | 843 | +30.47% | +36.04% | -5.56% | -0.30B |
| 2024-06-30 | $9.94B | 845 | +18.06% | +24.49% | -6.43% | -0.30B |
| 2024-03-31 | $10.04B | 1325 | +24.32% | +29.62% | -5.30% | -0.45B |
| 2023-12-31 | $9.75B | 1312 | +23.16% | +26.18% | -3.02% | -0.58B |
| 2023-09-30 | $9.25B | 1294 | +17.59% | +21.57% | -3.98% | -0.01B |
| 2023-06-30 | $9.61B | 1305 | +16.66% | +19.42% | -2.76% | -0.05B |
| 2023-03-31 | $8.99B | 1195 | -7.75% | -7.82% | +0.07% | -0.32B |
| 2022-12-31 | $8.74B | 1193 | +6.75% | +7.56% | -0.81% | -0.08B |
| 2022-09-30 | $8.26B | 1199 | -4.47% | -4.93% | +0.46% | +0.03B |
| 2022-06-30 | $8.62B | 1244 | -15.09% | -16.11% | +1.02% | +7.01B |