Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.51%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.70%
steady accumulation
Rally response
-2.69%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IXUSiShares Core MSCI Total | $184M | 7.5% | — | 6.0 yr |
| GOOGAlphabet Inc. | $104M | 4.3% | +84.3% | 10.3 yr |
| AMZNAmazon.com, Inc. | $97M | 4.0% | +9.5% | 7.8 yr |
| MSFTMicrosoft Corporation | $92M | 3.8% | -0.6% | 10.3 yr |
| AAPLApple Inc. | $90M | 3.7% | +14.7% | 10.3 yr |
| TSMTaiwan Semiconductor Man | $71M | 2.9% | +105.6% | 1.5 yr |
| NVDANVIDIA Corporation | $59M | 2.4% | +60.9% | 2.5 yr |
| RTXRTX Corporation | $49M | 2.0% | +48.1% | 6.0 yr |
| METAMeta Platforms, Inc. | $49M | 2.0% | -0.4% | 4.3 yr |
| HHyatt Hotels Corporation | $42M | 1.7% | +17.9% | 0.8 yr |
| SRESempra | $41M | 1.7% | +40.3% | 10.3 yr |
| AGNCZAGNC Investment Corp. 8. | $40M | 1.7% | — | 6.0 yr |
| LHLabcorp Holdings Inc. | $37M | 1.5% | +15.9% | 2.0 yr |
| CCitigroup Inc. | $36M | 1.5% | +63.9% | 8.5 yr |
| AVGOBroadcom Inc. | $32M | 1.3% | +86.0% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management15.1%+0.9pp$369M
Semiconductors9.5%+2.8pp$232M
Internet Content & Information6.3%+1.8pp$154M
Software - Infrastructure5.6%+0.3pp$136M
Specialty Retail4.0%+0.1pp$97M
Consumer Electronics3.7%-0.3pp$90M
Aerospace & Defense3.5%+0.3pp$85M
Drug Manufacturers - General2.7%+0.3pp$65M
Medical - Healthcare Plans2.5%-0.1pp$61M
Software - Application2.5%-1.5pp$61M
Country
US90.2%-3.0pp
TW2.9%+1.4pp
IE2.5%-0.3pp
Unknown1.9%+0.3pp
GB1.4%
CA1.0%+0.0pp
CH0.0%
Top 5: 23.2% · Top 10: 34.3% · Top 25: 53.4%
Top buys this quarter · 15
| MU Micron Technology, Inc. | +$53M |
| AZN AstraZeneca PLCnew | +$23M |
| TMO Thermo Fisher Scientific Inc. | +$20M |
| PANW Palo Alto Networks, Inc.new | +$17M |
| GBCI Glacier Bancorp, Inc. | +$13M |
| MSFT Microsoft Corporation | +$92M |
| CI Cigna Corporation | +$10M |
| EXE Expand Energy Corporationnew | +$9M |
| BRBR BellRing Brands, Inc. | +$7M |
| NVDA NVIDIA Corporation | +$6M |
Top sells this quarter · 15
| SLAB Silicon Laboratories Inc. | −$19M |
| BDX Becton, Dickinson and Company | −$16M |
| AVGO Broadcom Inc. | −$13M |
| C Citigroup Inc. | −$13M |
| LVS Las Vegas Sands Corp. | −$11M |
| SOLS Solstice Advanced Materials Inexit | −$9M |
| WMT Walmart Inc. | −$7M |
| LH Labcorp Holdings Inc. | −$6M |
| VRTX Vertex Pharmaceuticals Incorpo | −$6M |
| FDX FedEx Corporation | −$25M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.44B | 140 | +16.73% | +17.59% | -0.86% | +0.11B |
| 2025-12-31 | $2.40B | 118 | +15.92% | +17.72% | -1.80% | -0.02B |
| 2025-09-30 | $2.36B | 122 | +15.52% | +17.52% | -2.00% | -0.01B |
| 2025-06-30 | $2.22B | 121 | +14.39% | +14.94% | -0.55% | -0.00B |
| 2025-03-31 | $2.03B | 120 | +5.33% | +8.30% | -2.97% | +0.04B |
| 2024-12-31 | $2.06B | 122 | +17.10% | +24.89% | -7.79% | -0.07B |
| 2024-09-30 | $2.07B | 118 | +27.14% | +36.04% | -8.90% | +0.03B |
| 2024-06-30 | $1.94B | 116 | +15.84% | +24.49% | -8.65% | -0.01B |
| 2024-03-31 | $1.93B | 115 | +20.72% | +29.62% | -8.91% | +0.06B |
| 2023-12-31 | $1.74B | 112 | +18.81% | +26.18% | -7.36% | -0.00B |
| 2023-09-30 | $1.56B | 126 | +13.65% | +21.57% | -7.92% | +0.05B |
| 2023-06-30 | $1.58B | 110 | +14.42% | +19.42% | -5.00% | -0.04B |
| 2023-03-31 | $1.53B | 110 | -3.71% | -7.82% | +4.11% | +0.17B |
| 2022-12-31 | $1.28B | 99 | +6.51% | +7.56% | -1.05% | +0.02B |
| 2022-09-30 | $1.19B | 100 | -3.51% | -4.93% | +1.42% | +0.06B |
| 2022-06-30 | $1.18B | 96 | -11.23% | -16.11% | +4.88% | -0.05B |