Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.73%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.98%
baseline attrition
Rally response
-1.15%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $134M | 8.7% | +14.7% | 10.5 yr |
| GOOGAlphabet Inc. | $125M | 8.1% | +84.3% | 0.5 yr |
| JNJJohnson & Johnson | $115M | 7.4% | +51.5% | 10.5 yr |
| MAMastercard Incorporated | $73M | 4.7% | -8.5% | 0.5 yr |
| MSFTMicrosoft Corporation | $69M | 4.5% | -0.6% | 10.5 yr |
| TJXThe TJX Companies, Inc. | $62M | 4.0% | +32.7% | 10.5 yr |
| ADPAutomatic Data Processin | $61M | 3.9% | -31.8% | 10.5 yr |
| KMIKinder Morgan, Inc. | $61M | 3.9% | +22.6% | 0.5 yr |
| PEPPepsiCo, Inc. | $56M | 3.6% | +7.7% | 10.5 yr |
| PGThe Procter & Gamble Com | $55M | 3.5% | -12.9% | 10.5 yr |
| MRKMerck & Co., Inc. | $54M | 3.5% | +38.9% | 0.5 yr |
| FASTFastenal Company | $53M | 3.4% | +22.1% | 10.5 yr |
| AMZNAmazon.com, Inc. | $43M | 2.8% | +9.5% | 8.8 yr |
| CATCaterpillar Inc. | $41M | 2.7% | +117.8% | 10.5 yr |
| VZVerizon Communications I | $40M | 2.6% | +16.5% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Drug Manufacturers - General11.6%+5.7pp$179M
Consumer Electronics8.7%+0.5pp$134M
Internet Content & Information8.3%$128M
Beverages - Non-Alcoholic5.8%-0.0pp$89M
Software - Infrastructure5.7%+0.6pp$87M
Financial - Credit Services5.2%$81M
Apparel - Retail4.0%+0.7pp$62M
Staffing & Employment Services3.9%-2.6pp$61M
Oil & Gas Midstream3.9%$61M
Chemicals - Specialty3.7%+2.3pp$57M
Country
US91.1%+25.9pp
GB4.1%+2.9pp
IE1.5%
CH1.3%
DK1.1%-1.1pp
AU0.6%+0.2pp
CA0.3%
Top 5: 33.5% · Top 10: 52.5% · Top 25: 83.7%
Top buys this quarter · 15
| SNPS Synopsys, Inc. | +$4M |
| TMO Thermo Fisher Scientific Inc. | +$23M |
| MSFT Microsoft Corporation | +$69M |
| ALC Alcon Inc. | +$2M |
| IQV IQVIA Holdings Inc. | +$22M |
| LIN Linde plc | +$1M |
| AMZN Amazon.com, Inc. | +$43M |
| ABT Abbott Laboratories | +$1M |
| RTX RTX Corporation | +$1M |
| SYK Stryker Corporation | +$17M |
Top sells this quarter · 15
| STT State Street Corporationexit | −$6M |
| GOOG Alphabet Inc. | −$5M |
| JNJ Johnson & Johnson | −$100M |
| AAPL Apple Inc. | −$2M |
| CAT Caterpillar Inc. | −$35M |
| ACN Accenture plc | −$1M |
| TJX The TJX Companies, Inc. | −$60M |
| ADP Automatic Data Processing, Inc | −$1M |
| KMI Kinder Morgan, Inc. | −$50M |
| CSCO Cisco Systems, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.54B | 101 | +10.80% | +17.59% | -6.79% | -0.02B |
| 2025-12-31 | $1.60B | 107 | +11.72% | +17.72% | -6.00% | -0.03B |
| 2025-09-30 | $1.58B | 106 | +5.34% | +17.52% | -12.18% | -0.01B |
| 2025-06-30 | $1.49B | 104 | +3.42% | +14.94% | -11.52% | -0.02B |
| 2025-03-31 | $1.46B | 96 | +3.15% | +8.30% | -5.15% | -0.02B |
| 2024-12-31 | $1.50B | 101 | +11.68% | +24.89% | -13.20% | -0.00B |
| 2024-09-30 | $1.55B | 104 | +24.48% | +36.04% | -11.55% | -0.00B |
| 2024-06-30 | $1.48B | 97 | +15.27% | +24.49% | -9.22% | -0.04B |
| 2024-03-31 | $1.48B | 102 | +19.93% | +29.62% | -9.70% | -0.02B |
| 2023-12-31 | $1.41B | 106 | +16.56% | +26.18% | -9.62% | -0.03B |
| 2023-09-30 | $1.32B | 106 | +17.46% | +21.57% | -4.11% | -0.01B |
| 2023-06-30 | $1.37B | 108 | +16.84% | +19.42% | -2.59% | -0.02B |
| 2023-03-31 | $1.30B | 102 | -1.73% | -7.82% | +6.09% | +0.01B |
| 2022-12-31 | $1.24B | 98 | +9.16% | +7.56% | +1.60% | +0.02B |
| 2022-09-30 | $1.13B | 90 | -3.49% | -4.93% | +1.44% | -0.05B |
| 2022-06-30 | $1.22B | 88 | -10.17% | -16.11% | +5.94% | -0.02B |