Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.13%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.32%
steady accumulation
Rally response
+2.00%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $4.02B | 6.8% | +60.9% | 10.5 yr |
| AAPLApple Inc. | $3.35B | 5.6% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $2.64B | 4.4% | -0.6% | 10.5 yr |
| AZNAstraZeneca PLC | $2.15B | 3.6% | +36.2% | 0.3 yr |
| AMZNAmazon.com, Inc. | $1.74B | 2.9% | +9.5% | 10.5 yr |
| GOOGLAlphabet Inc. | $1.68B | 2.8% | — | 10.5 yr |
| AVGOBroadcom Inc. | $1.45B | 2.4% | +86.0% | 8.0 yr |
| GOOGAlphabet Inc. | $1.35B | 2.3% | +84.3% | 10.5 yr |
| METAMeta Platforms, Inc. | $1.13B | 1.9% | -0.4% | 10.5 yr |
| TSLATesla, Inc. | $922M | 1.5% | +43.4% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $912M | 1.5% | +21.8% | 10.5 yr |
| LLYEli Lilly and Company | $655M | 1.1% | +12.2% | 10.5 yr |
| VVisa Inc. | $646M | 1.1% | -13.1% | 10.5 yr |
| XOMExxon Mobil Corporation | $630M | 1.1% | +47.6% | 10.5 yr |
| BRK-BBerkshire Hathaway Inc. | $546M | 0.9% | — | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.4%+4.1pp$7.99B
Drug Manufacturers - General8.0%+3.6pp$4.75B
Internet Content & Information7.3%+1.3pp$4.36B
Software - Infrastructure6.2%-0.7pp$3.67B
Consumer Electronics5.6%-0.2pp$3.35B
Banks - Diversified4.3%+0.7pp$2.54B
Specialty Retail3.8%-0.6pp$2.27B
Financial - Credit Services2.4%-0.9pp$1.44B
Oil & Gas Integrated2.3%+1.0pp$1.37B
Software - Application2.2%-1.6pp$1.30B
Country
US86.9%-2.5pp
GB4.3%+3.3pp
CA3.1%+0.3pp
IE1.8%-0.9pp
Unknown0.8%-0.2pp
CH0.6%-0.1pp
FR0.5%
NL0.4%+0.1pp
Top 5: 23.3% · Top 10: 34.3% · Top 25: 47.0%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$2.19B |
| SUNB Sunbelt Rentals Holdings Incnew | +$90M |
| NVDA NVIDIA Corporation | +$4.02B |
| MSFT Microsoft Corporation | +$2.64B |
| KO The Coca-Cola Company | +$75M |
| AAPL Apple Inc. | +$3.35B |
| XYL Xylem Inc. | +$53M |
| PEG Public Service Enterprise Grou | +$50M |
| AMZN Amazon.com, Inc. | +$1.74B |
| ATO Atmos Energy Corporation | +$46M |
Top sells this quarter · 15
| LITE Lumentum Holdings Inc. | −$21M |
| D Dominion Energy, Inc. | −$90M |
| PG The Procter & Gamble Company | −$59M |
| MCO Moody's Corporation | −$58M |
| TSM Taiwan Semiconductor Manufactu | −$56M |
| HUBB Hubbell Incorporated | −$54M |
| BABA Alibaba Group Holding Limitedexit | −$44M |
| WAB Westinghouse Air Brake Technol | −$207M |
| GOOG Alphabet Inc. | −$28M |
| WM Waste Management, Inc. | −$24M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $59.55B | 830 | +17.96% | +17.59% | +0.37% | +2.79B |
| 2025-12-31 | $59.22B | 846 | +17.51% | +17.72% | -0.21% | +3.08B |
| 2025-09-30 | $54.96B | 845 | +17.35% | +17.52% | -0.16% | +2.71B |
| 2025-06-30 | $48.35B | 857 | +16.14% | +14.94% | +1.19% | +2.23B |
| 2025-03-31 | $41.37B | 819 | +5.90% | +8.30% | -2.40% | +4.69B |
| 2024-12-31 | $38.42B | 828 | +19.22% | +24.89% | -5.67% | -0.67B |
| 2024-09-30 | $38.31B | 842 | +31.42% | +36.04% | -4.62% | +0.49B |
| 2024-06-30 | $35.37B | 862 | +18.18% | +24.49% | -6.32% | +5.34B |
| 2024-03-31 | $29.53B | 876 | +24.24% | +29.62% | -5.38% | +0.51B |
| 2023-12-31 | $27.00B | 876 | +23.57% | +26.18% | -2.61% | +1.34B |
| 2023-09-30 | $22.82B | 883 | +17.29% | +21.57% | -4.27% | +0.14B |
| 2023-06-30 | $23.59B | 898 | +15.70% | +19.42% | -3.73% | +1.15B |
| 2023-03-31 | $20.99B | 924 | -7.16% | -7.82% | +0.65% | +0.32B |
| 2022-12-31 | $19.34B | 919 | +6.75% | +7.56% | -0.81% | +2.02B |
| 2022-09-30 | $16.22B | 921 | -5.15% | -4.93% | -0.23% | -0.43B |
| 2022-06-30 | $17.55B | 972 | -14.22% | -16.11% | +1.89% | +1.64B |