Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.59%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.39%
baseline attrition
Rally response
-0.28%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $491M | 5.5% | +60.9% | 10.5 yr |
| AAPLApple Inc. | $445M | 5.0% | +14.7% | 10.5 yr |
| GOOGAlphabet Inc. | $444M | 5.0% | +84.3% | 10.5 yr |
| MSFTMicrosoft Corporation | $363M | 4.1% | -0.6% | 10.5 yr |
| AMZNAmazon.com, Inc. | $296M | 3.3% | +9.5% | 10.5 yr |
| SPYState Street SPDR S&P 50 | $289M | 3.3% | +17.6% | 10.5 yr |
| IVViShares Core S&P 500 ETF | $266M | 3.0% | — | 10.5 yr |
| AVGOBroadcom Inc. | $264M | 3.0% | +86.0% | 8.0 yr |
| JPMJPMorgan Chase & Co. | $198M | 2.2% | +21.8% | 10.5 yr |
| METAMeta Platforms, Inc. | $148M | 1.7% | -0.4% | 10.3 yr |
| LLYEli Lilly and Company | $137M | 1.5% | +12.2% | 10.5 yr |
| VVisa Inc. | $137M | 1.5% | -13.1% | 10.5 yr |
| IJHiShares Core S&P Mid-Cap | $125M | 1.4% | — | 10.5 yr |
| BRK-BBerkshire Hathaway Inc. | $114M | 1.3% | — | 10.5 yr |
| AMATApplied Materials, Inc. | $102M | 1.2% | +137.6% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management21.8%+0.5pp$1.93B
Semiconductors11.3%+3.4pp$1.01B
Internet Content & Information7.5%+2.1pp$667M
Software - Infrastructure6.3%+1.0pp$555M
Consumer Electronics5.0%-0.5pp$445M
Specialty Retail4.2%+0.6pp$376M
Drug Manufacturers - General3.7%+0.1pp$328M
Banks - Diversified2.8%+0.0pp$244M
Financial - Credit Services2.2%-0.5pp$195M
Discount Stores2.0%+0.5pp$176M
Country
US99.7%+3.4pp
GB0.1%-0.8pp
Unknown0.1%-0.2pp
UY0.0%+0.0pp
FR0.0%+0.0pp
BR0.0%-0.0pp
KR0.0%
CN0.0%-0.0pp
Top 5: 23.0% · Top 10: 36.2% · Top 25: 52.7%
Top buys this quarter · 15
| LITE Lumentum Holdings Inc. | +$52M |
| NFLX Netflix, Inc. | +$44M |
| CBRE CBRE Group, Inc. | +$37M |
| MU Micron Technology, Inc. | +$25M |
| LRCX Lam Research Corporation | +$24M |
| BSX Boston Scientific Corporation | +$20M |
| UBER Uber Technologies, Inc. | +$20M |
| WMT Walmart Inc. | +$20M |
| KKR KKR & Co. Inc. | +$18M |
| BX Blackstone Inc. | +$57M |
Top sells this quarter · 15
| NVDA NVIDIA Corporation | −$105M |
| AAPL Apple Inc. | −$29M |
| LLY Eli Lilly and Company | −$26M |
| ABT Abbott Laboratories | −$22M |
| GOOG Alphabet Inc. | −$22M |
| NOW ServiceNow, Inc. | −$18M |
| PM Philip Morris International In | −$16M |
| GGG Graco Inc. | −$15M |
| WBS Webster Financial Corporation | −$15M |
| PG The Procter & Gamble Company | −$14M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $8.86B | 1342 | +18.92% | +17.59% | +1.33% | +0.15B |
| 2025-12-31 | $9.23B | 1353 | +18.11% | +17.72% | +0.39% | +0.18B |
| 2025-09-30 | $8.79B | 1378 | +17.54% | +17.52% | +0.02% | -0.22B |
| 2025-06-30 | $8.29B | 1507 | +13.29% | +14.94% | -1.65% | +0.21B |
| 2025-03-31 | $7.18B | 1490 | +2.76% | +8.30% | -5.54% | +0.07B |
| 2024-12-31 | $7.59B | 1545 | +19.49% | +24.89% | -5.39% | -0.07B |
| 2024-09-30 | $7.47B | 1546 | +31.17% | +36.04% | -4.86% | +0.09B |
| 2024-06-30 | $7.05B | 1516 | +21.07% | +24.49% | -3.43% | +0.04B |
| 2024-03-31 | $6.86B | 1509 | +29.06% | +29.62% | -0.57% | +0.14B |
| 2023-12-31 | $6.17B | 1505 | +27.28% | +26.18% | +1.10% | -0.17B |
| 2023-09-30 | $5.63B | 1674 | +22.51% | +21.57% | +0.94% | +0.07B |
| 2023-06-30 | $5.75B | 1561 | +20.80% | +19.42% | +1.38% | -0.23B |
| 2023-03-31 | $5.49B | 1604 | -6.27% | -7.82% | +1.55% | -0.03B |
| 2022-12-31 | $5.14B | 1622 | -16.78% | -18.17% | +1.40% | -0.03B |
| 2022-09-30 | $4.77B | 1659 | -14.68% | -15.51% | +0.82% | +0.06B |
| 2022-06-30 | $4.95B | 1667 | -9.92% | -10.62% | +0.70% | -0.06B |