Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+5.04%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.24%
baseline attrition
Rally response
-0.96%
trims into rallies
when a holding rises +10%+
Top positions · 22
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGAlphabet Inc. | $802M | 16.8% | +84.3% | 10.5 yr |
| GOOGLAlphabet Inc. | $801M | 16.8% | — | 10.5 yr |
| COSTCostco Wholesale Corpora | $469M | 9.8% | +5.9% | 8.8 yr |
| PNCThe PNC Financial Servic | $363M | 7.6% | +22.7% | 10.5 yr |
| VVisa Inc. | $357M | 7.5% | -13.1% | 10.5 yr |
| SCHWThe Charles Schwab Corpo | $348M | 7.3% | +21.5% | 10.3 yr |
| TJXThe TJX Companies, Inc. | $331M | 6.9% | +32.7% | 7.8 yr |
| AXPAmerican Express Company | $277M | 5.8% | +13.3% | 1.3 yr |
| ACNAccenture plc | $264M | 5.5% | -35.6% | 6.8 yr |
| HDThe Home Depot, Inc. | $249M | 5.2% | -8.0% | 10.5 yr |
| FASTFastenal Company | $210M | 4.4% | +22.1% | 10.5 yr |
| TROWT. Rowe Price Group, Inc | $185M | 3.9% | +3.4% | 6.8 yr |
| TSCOTractor Supply Company | $107M | 2.2% | -16.4% | 3.0 yr |
| AAPLApple Inc. | $8M | 0.2% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $3M | 0.1% | -0.6% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information33.5%+13.6pp$1.60B
Financial - Credit Services13.3%+1.5pp$635M
Discount Stores9.8%-0.2pp$469M
Banks - Regional7.6%+0.6pp$363M
Financial - Capital Markets7.3%+0.6pp$348M
Apparel - Retail6.9%+0.8pp$331M
Information Technology Services5.5%-8.6pp$264M
Home Improvement5.2%-1.0pp$249M
Industrial - Distribution4.4%+0.5pp$210M
Asset Management3.9%-0.6pp$185M
Country
US94.5%+3.3pp
IE5.5%-3.3pp
Top 5: 58.4% · Top 10: 89.1% · Top 25: 100.0%
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 13
| GOOG Alphabet Inc. | −$123M |
| TJX The TJX Companies, Inc. | −$78M |
| COST Costco Wholesale Corporation | −$77M |
| SCHW The Charles Schwab Corporation | −$63M |
| PNC The PNC Financial Services Gro | −$58M |
| V Visa Inc. | −$58M |
| AXP American Express Company | −$48M |
| HD The Home Depot, Inc. | −$43M |
| ACN Accenture plc | −$40M |
| TROW T. Rowe Price Group, Inc. | −$35M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.78B | 22 | +10.00% | +17.59% | -7.59% | -0.85B |
| 2025-12-31 | $5.98B | 22 | +12.93% | +17.72% | -4.79% | -0.32B |
| 2025-09-30 | $6.00B | 23 | +12.54% | +17.52% | -4.98% | +0.12B |
| 2025-06-30 | $5.48B | 23 | +10.44% | +14.94% | -4.50% | -0.07B |
| 2025-03-31 | $5.36B | 27 | +9.25% | +8.30% | +0.95% | -0.23B |
| 2024-12-31 | $5.78B | 26 | +20.02% | +24.89% | -4.87% | -0.03B |
| 2024-09-30 | $5.55B | 29 | +30.58% | +36.04% | -5.46% | -0.12B |
| 2024-06-30 | $5.39B | 27 | +23.34% | +24.49% | -1.15% | -0.13B |
| 2024-03-31 | $5.38B | 27 | +29.38% | +29.62% | -0.24% | +0.20B |
| 2023-12-31 | $4.88B | 27 | +17.87% | +26.18% | -8.30% | -0.05B |
| 2023-09-30 | $4.33B | 27 | +9.29% | +21.57% | -12.27% | -0.02B |
| 2023-06-30 | $4.38B | 27 | +8.35% | +19.42% | -11.07% | +0.21B |
| 2023-03-31 | $3.88B | 26 | -13.21% | -7.82% | -5.39% | +0.21B |
| 2022-12-31 | $3.78B | 26 | +5.59% | +7.56% | -1.97% | +0.08B |
| 2022-09-30 | $3.51B | 24 | -1.50% | -4.93% | +3.43% | -0.50B |
| 2022-06-30 | $4.07B | 27 | -13.82% | -16.11% | +2.29% | -0.15B |