Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-7.93%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.58%
steady accumulation
Rally response
+1.29%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $803M | 12.0% | — | 10.3 yr |
| IEFAiShares Core MSCI EAFE E | $454M | 6.8% | — | 9.3 yr |
| NVDANVIDIA Corporation | $275M | 4.1% | +60.9% | 5.0 yr |
| AAPLApple Inc. | $235M | 3.5% | +14.7% | 10.3 yr |
| MSFTMicrosoft Corporation | $220M | 3.3% | -0.6% | 10.3 yr |
| GOOGLAlphabet Inc. | $188M | 2.8% | — | 10.3 yr |
| ADIAnalog Devices, Inc. | $132M | 2.0% | +60.2% | 9.3 yr |
| AMZNAmazon.com, Inc. | $129M | 1.9% | +9.5% | 9.5 yr |
| IGSBiShares 1-5 Year Investm | $127M | 1.9% | — | 5.0 yr |
| AVGOBroadcom Inc. | $125M | 1.9% | +86.0% | 5.0 yr |
| ESGDiShares ESG Aware MSCI E | $106M | 1.6% | — | 8.3 yr |
| IJHiShares Core S&P Mid-Cap | $106M | 1.6% | — | 10.3 yr |
| JPMJPMorgan Chase & Co. | $102M | 1.5% | +21.8% | 5.0 yr |
| STIPiShares 0-5 Year TIPS Bo | $97M | 1.4% | — | 5.0 yr |
| VVisa Inc. | $86M | 1.3% | -13.1% | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management35.2%-1.8pp$2.37B
Semiconductors11.7%+5.7pp$784M
Asset Management - Bonds5.0%-0.3pp$335M
Internet Content & Information4.5%+1.9pp$304M
Software - Infrastructure3.7%-1.0pp$246M
Consumer Electronics3.5%-0.4pp$236M
Drug Manufacturers - General3.5%+1.0pp$236M
Specialty Retail2.2%-0.1pp$148M
Banks - Diversified2.2%+0.2pp$146M
Financial - Credit Services1.7%-0.2pp$117M
Country
US97.0%+0.4pp
IE1.0%-0.6pp
GB0.7%+0.4pp
TW0.4%+0.2pp
NL0.2%+0.2pp
Unknown0.2%-0.3pp
CH0.2%-0.4pp
CA0.1%+0.1pp
Top 5: 29.6% · Top 10: 40.0% · Top 25: 57.8%
Top buys this quarter · 15
| ADI Analog Devices, Inc. | +$113M |
| AZN AstraZeneca PLCnew | +$29M |
| LLY Eli Lilly and Company | +$16M |
| AMD Advanced Micro Devices, Inc. | +$15M |
| MRVL Marvell Technology, Inc. | +$11M |
| MS Morgan Stanley | +$11M |
| WMB The Williams Companies, Inc. | +$8M |
| GEV GE Vernova Inc. | +$8M |
| CSCO Cisco Systems, Inc. | +$8M |
| MDT Medtronic plc | +$7M |
Top sells this quarter · 15
| NFLX Netflix, Inc. | −$37M |
| LRCX Lam Research Corporation | −$21M |
| BSX Boston Scientific Corporation | −$14M |
| PANW Palo Alto Networks, Inc. | −$12M |
| TMUS T-Mobile US, Inc. | −$11M |
| AVGO Broadcom Inc. | −$10M |
| TSLA Tesla, Inc. | −$10M |
| CRM Salesforce, Inc. | −$10M |
| IBM International Business Machine | −$9M |
| CDNS Cadence Design Systems, Inc. | −$7M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $6.71B | 568 | +15.84% | +17.59% | -1.75% | +0.17B |
| 2025-12-31 | $6.88B | 587 | +16.20% | +17.72% | -1.52% | +0.09B |
| 2025-09-30 | $6.69B | 575 | +16.77% | +17.52% | -0.74% | +0.41B |
| 2025-06-30 | $5.82B | 579 | +14.77% | +14.94% | -0.17% | -0.11B |
| 2025-03-31 | $5.33B | 563 | +5.55% | +8.30% | -2.75% | +0.11B |
| 2024-12-31 | $5.47B | 562 | +18.77% | +24.89% | -6.11% | -0.13B |
| 2024-09-30 | $5.50B | 583 | +30.51% | +36.04% | -5.53% | -0.15B |
| 2024-06-30 | $5.33B | 725 | +17.94% | +24.49% | -6.55% | +0.52B |
| 2024-03-31 | $4.70B | 484 | +22.82% | +29.62% | -6.80% | +0.14B |
| 2023-12-31 | $4.24B | 477 | +18.73% | +26.18% | -7.45% | +0.20B |
| 2023-09-30 | $3.61B | 463 | +13.00% | +21.57% | -8.57% | +0.09B |
| 2023-06-30 | $3.67B | 460 | +13.89% | +19.42% | -5.54% | +0.40B |
| 2023-03-31 | $3.07B | 417 | -8.85% | -7.82% | -1.03% | +0.21B |
| 2022-12-31 | $2.75B | 400 | -16.28% | -18.17% | +1.90% | +0.01B |
| 2022-09-30 | $2.57B | 388 | -12.76% | -15.51% | +2.75% | -0.05B |
| 2022-06-30 | $2.71B | 396 | -9.10% | -10.62% | +1.52% | +0.05B |