Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.51%
trims when stocks drop
when a holding falls −10%+
Middle response
+2.27%
steady accumulation
Rally response
-1.90%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MSFTMicrosoft Corporation | $248M | 2.8% | -0.6% | 9.3 yr |
| GBILGoldman Sachs Access Tre | $224M | 2.6% | — | 5.0 yr |
| BILState Street SPDR Bloomb | $210M | 2.4% | — | 8.0 yr |
| NVDANVIDIA Corporation | $163M | 1.9% | +60.9% | 9.3 yr |
| JNJJohnson & Johnson | $149M | 1.7% | +51.5% | 9.3 yr |
| CVXChevron Corporation | $142M | 1.6% | +29.2% | 9.3 yr |
| JPMJPMorgan Chase & Co. | $128M | 1.5% | +21.8% | 9.3 yr |
| AMZNAmazon.com, Inc. | $117M | 1.3% | +9.5% | 9.0 yr |
| AAPLApple Inc. | $103M | 1.2% | +14.7% | 9.0 yr |
| CCitigroup Inc. | $98M | 1.1% | +63.9% | 9.3 yr |
| AVGOBroadcom Inc. | $97M | 1.1% | +86.0% | 8.0 yr |
| RTXRTX Corporation | $90M | 1.0% | +48.1% | 5.8 yr |
| VVisa Inc. | $90M | 1.0% | -13.1% | 9.3 yr |
| GOOGLAlphabet Inc. | $90M | 1.0% | — | 9.3 yr |
| VODVodafone Group Public Li | $88M | 1.0% | +67.6% | 9.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management12.8%+1.5pp$1.12B
Semiconductors6.7%+2.7pp$588M
Drug Manufacturers - General5.2%+0.3pp$450M
Software - Infrastructure4.3%-0.7pp$375M
Banks - Diversified3.7%+0.4pp$328M
Internet Content & Information2.9%+0.6pp$254M
Aerospace & Defense2.8%+0.4pp$245M
Software - Application2.6%-2.2pp$230M
Oil & Gas Integrated2.6%+0.2pp$225M
Telecommunications Services2.4%+0.1pp$207M
Country
US86.1%-0.6pp
GB2.8%-0.0pp
CA2.2%+0.2pp
IE2.0%-0.4pp
Unknown1.7%+0.5pp
CH0.9%-0.0pp
NL0.7%+0.2pp
TW0.7%+0.4pp
Top 5: 11.4% · Top 10: 18.1% · Top 25: 30.8%
Top buys this quarter · 15
| ARW Arrow Electronics, Inc. | +$21M |
| MSFT Microsoft Corporation | +$248M |
| AZN AstraZeneca PLCnew | +$12M |
| AAPL Apple Inc. | +$11M |
| META Meta Platforms, Inc. | +$69M |
| THO Thor Industries, Inc. | +$59M |
| UPS United Parcel Service, Inc. | +$8M |
| QSR Restaurant Brands Internationa | +$8M |
| LEN Lennar Corporation | +$55M |
| NVO Novo Nordisk A/S | +$31M |
Top sells this quarter · 15
| FDX FedEx Corporation | −$33M |
| AMZN Amazon.com, Inc. | −$30M |
| DG Dollar General Corporation | −$27M |
| ABT Abbott Laboratories | −$17M |
| CIEN Ciena Corporation | −$16M |
| GLW Corning Incorporated | −$45M |
| ORCL Oracle Corporation | −$14M |
| MGA Magna International Inc. | −$12M |
| SPY State Street SPDR S&P 500 ETF | −$12M |
| V Visa Inc. | −$11M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $8.74B | 1068 | +15.70% | +17.59% | -1.89% | +0.74B |
| 2025-12-31 | $8.12B | 1019 | +14.84% | +17.72% | -2.88% | -1.17B |
| 2025-09-30 | $9.07B | 1106 | +12.23% | +17.52% | -5.29% | -0.14B |
| 2025-06-30 | $8.70B | 1110 | +12.72% | +14.94% | -2.22% | -0.01B |
| 2025-03-31 | $8.04B | 1074 | +2.84% | +8.30% | -5.46% | +0.01B |
| 2024-12-31 | $8.21B | 1105 | +13.81% | +24.89% | -11.08% | -0.08B |
| 2024-09-30 | $8.29B | 1109 | +26.93% | +36.04% | -9.11% | -0.02B |
| 2024-06-30 | $7.82B | 1101 | +14.42% | +24.49% | -10.07% | +1.08B |
| 2024-03-31 | $6.82B | 1063 | +22.69% | +29.62% | -6.93% | -0.95B |
| 2023-12-31 | $7.18B | 1093 | +19.18% | +26.18% | -6.99% | -0.08B |
| 2023-09-30 | $6.51B | 1080 | +17.15% | +21.57% | -4.41% | -0.01B |
| 2023-06-30 | $6.79B | 1089 | +15.30% | +19.42% | -4.13% | -0.08B |
| 2023-03-31 | $6.48B | 1084 | -6.91% | -7.82% | +0.91% | -0.04B |
| 2022-12-31 | $6.20B | 1101 | -15.56% | -18.17% | +2.61% | -0.00B |
| 2022-09-30 | $5.66B | 1079 | -14.49% | -15.51% | +1.02% | +0.04B |
| 2022-06-30 | $5.96B | 1115 | -8.87% | -10.62% | +1.75% | -0.06B |