Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.15%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.69%
baseline attrition
Rally response
-8.56%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AVGOBroadcom Inc. | $264M | 1.9% | +86.0% | 8.0 yr |
| MSFTMicrosoft Corporation | $240M | 1.7% | -0.6% | 10.5 yr |
| GOOGAlphabet Inc. | $237M | 1.7% | +84.3% | 10.5 yr |
| AAPLApple Inc. | $198M | 1.4% | +14.7% | 10.5 yr |
| CSCOCisco Systems, Inc. | $152M | 1.1% | +28.1% | 10.5 yr |
| ESIElement Solutions Inc | $149M | 1.1% | +52.8% | 5.3 yr |
| GOOGLAlphabet Inc. | $147M | 1.1% | — | 10.5 yr |
| IWFiShares Russell 1000 Gro | $145M | 1.0% | — | 10.5 yr |
| WMBThe Williams Companies, | $141M | 1.0% | +25.8% | 8.8 yr |
| JNJJohnson & Johnson | $138M | 1.0% | +51.5% | 10.5 yr |
| ATOAtmos Energy Corporation | $131M | 0.9% | +22.2% | 10.5 yr |
| BWABorgWarner Inc. | $129M | 0.9% | +92.1% | 10.5 yr |
| ETNEaton Corporation plc | $123M | 0.9% | +33.2% | 10.5 yr |
| SNXTD SYNNEX Corporation | $123M | 0.9% | +64.5% | 8.3 yr |
| AMEAMETEK, Inc. | $120M | 0.9% | +25.3% | 9.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management6.8%+0.3pp$940M
Banks - Regional6.2%-1.3pp$855M
Semiconductors6.0%+1.8pp$836M
Industrial - Machinery4.2%+0.5pp$586M
Internet Content & Information3.5%+1.0pp$478M
Hardware, Equipment & Parts3.2%+1.3pp$436M
Medical - Devices2.9%-1.0pp$395M
Software - Infrastructure2.8%-0.1pp$388M
Oil & Gas Exploration & Production2.4%-0.7pp$336M
Aerospace & Defense2.1%+0.4pp$286M
Country
US92.7%+0.3pp
GB1.4%+0.2pp
IE1.4%+0.2pp
CA1.1%-0.3pp
Unknown0.8%-0.7pp
TW0.4%+0.3pp
CH0.4%+0.2pp
BR0.2%+0.1pp
Top 5: 7.9% · Top 10: 13.1% · Top 25: 25.7%
Top buys this quarter · 15
| RYN Rayonier Inc. | +$54M |
| RL Ralph Lauren Corporationnew | +$41M |
| CL Colgate-Palmolive Company | +$32M |
| NIC Nicolet Bankshares, Inc.new | +$31M |
| PBH Prestige Consumer Healthcare Inew | +$28M |
| OPLN OPENLANE, Inc.new | +$24M |
| AZN AstraZeneca PLCnew | +$24M |
| UBER Uber Technologies, Inc. | +$24M |
| HON Honeywell International Inc. | +$23M |
| PANW Palo Alto Networks, Inc. | +$23M |
Top sells this quarter · 15
| CWAN Clearwater Analytics Holdings,exit | −$29M |
| FN Fabrinet | −$28M |
| CVX Chevron Corporation | −$93M |
| AEIS Advanced Energy Industries, In | −$80M |
| AMAT Applied Materials, Inc. | −$24M |
| XOM Exxon Mobil Corporation | −$24M |
| PLXS Plexus Corp. | −$75M |
| ORCL Oracle Corporation | −$23M |
| GTES Gates Industrial Corporation pexit | −$22M |
| LITE Lumentum Holdings Inc.exit | −$22M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $13.84B | 831 | +19.48% | +17.59% | +1.89% | -1.03B |
| 2025-12-31 | $14.55B | 857 | +9.33% | +17.72% | -8.39% | -0.80B |
| 2025-09-30 | $15.11B | 824 | +7.44% | +17.52% | -10.07% | -0.66B |
| 2025-06-30 | $14.85B | 829 | +9.02% | +14.94% | -5.92% | -0.28B |
| 2025-03-31 | $13.96B | 833 | -0.61% | +8.30% | -8.91% | -0.03B |
| 2024-12-31 | $14.96B | 818 | +14.75% | +24.89% | -10.14% | +0.29B |
| 2024-09-30 | $14.70B | 798 | +27.86% | +36.04% | -8.18% | -1.01B |
| 2024-06-30 | $14.58B | 898 | +14.05% | +24.49% | -10.44% | -0.02B |
| 2024-03-31 | $14.78B | 885 | +19.18% | +29.62% | -10.44% | -0.48B |
| 2023-12-31 | $14.14B | 836 | +13.71% | +26.18% | -12.46% | -0.52B |
| 2023-09-30 | $13.17B | 829 | +11.55% | +21.57% | -10.02% | -0.30B |
| 2023-06-30 | $14.02B | 823 | +12.57% | +19.42% | -6.85% | +0.43B |
| 2023-03-31 | $13.17B | 793 | -4.54% | -7.82% | +3.28% | -0.23B |
| 2022-12-31 | $13.01B | 790 | -11.61% | -18.17% | +6.56% | -0.26B |
| 2022-09-30 | $12.16B | 797 | -10.05% | -15.51% | +5.46% | -0.61B |
| 2022-06-30 | $13.16B | 807 | -6.76% | -10.62% | +3.86% | -0.32B |