Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+7.95%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.17%
baseline attrition
Rally response
-6.34%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGLAlphabet Inc. | $41M | 5.3% | — | 10.5 yr |
| MSFTMicrosoft Corporation | $26M | 3.4% | -0.6% | 10.5 yr |
| XOMExxon Mobil Corporation | $26M | 3.3% | +47.6% | 10.5 yr |
| WBDWarner Bros. Discovery, | $16M | 2.1% | +155.9% | 4.0 yr |
| CCitigroup Inc. | $16M | 2.1% | +63.9% | 10.5 yr |
| VTRSViatris Inc. | $15M | 1.9% | +62.4% | 5.3 yr |
| KRNTKornit Digital Ltd. | $13M | 1.7% | -23.2% | 7.8 yr |
| PFEPfizer Inc. | $13M | 1.7% | +18.8% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $12M | 1.6% | +21.8% | 10.5 yr |
| QCOMQUALCOMM Incorporated | $12M | 1.6% | -14.2% | 10.5 yr |
| PEPPepsiCo, Inc. | $12M | 1.6% | +7.7% | 10.5 yr |
| JNJJohnson & Johnson | $12M | 1.5% | +51.5% | 10.5 yr |
| BACBank of America Corporat | $12M | 1.5% | +19.4% | 10.5 yr |
| LKQLKQ Corporation | $12M | 1.5% | -28.4% | 10.5 yr |
| CSCOCisco Systems, Inc. | $12M | 1.5% | +28.1% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information6.9%+1.3pp$53M
Banks - Diversified6.2%+0.1pp$48M
Drug Manufacturers - General6.2%+0.2pp$48M
Asset Management5.2%+0.7pp$40M
Semiconductors5.2%+0.3pp$40M
Oil & Gas Integrated4.4%+0.5pp$34M
Software - Infrastructure4.3%-0.6pp$33M
Medical - Healthcare Plans3.6%-0.3pp$28M
Unknown3.5%+1.0pp$27M
Financial - Credit Services3.5%-1.1pp$27M
Country
US91.8%-1.6pp
Unknown3.5%+1.0pp
IL1.7%+0.9pp
NL1.2%-0.1pp
GB0.6%-0.1pp
DE0.5%+0.1pp
CA0.3%-0.1pp
IE0.2%-0.0pp
Top 5: 16.2% · Top 10: 24.7% · Top 25: 45.5%
Top buys this quarter · 15
| INTU Intuit Inc.new | +$7M |
| CHWY Chewy, Inc. | +$6M |
| HQY HealthEquity, Inc.new | +$5M |
| PG The Procter & Gamble Company | +$4M |
| DIS The Walt Disney Company | +$3M |
| CNXC Concentrix Corporation | +$9M |
| PYPL PayPal Holdings, Inc. | +$10M |
| MSFT Microsoft Corporation | +$26M |
| ADBE Adobe Inc. | +$7M |
| UNH UnitedHealth Group Incorporate | +$11M |
Top sells this quarter · 15
| EXAS Exact Sciences Corporationexit | −$18M |
| WBD Warner Bros. Discovery, Inc. | −$15M |
| LITE Lumentum Holdings Inc. | −$10M |
| EA Electronic Arts Inc. | −$9M |
| GLW Corning Incorporated | −$7M |
| KEYS Keysight Technologies, Inc. | −$6M |
| VIAV Viavi Solutions Inc. | −$7M |
| SEE Sealed Air Corporation | −$3M |
| XOM Exxon Mobil Corporation | −$19M |
| ADI Analog Devices, Inc. | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $773M | 497 | +25.01% | +17.59% | +7.42% | -0.02B |
| 2025-12-31 | $798M | 520 | +23.65% | +17.72% | +5.94% | -0.00B |
| 2025-09-30 | $750M | 516 | +15.94% | +17.52% | -1.58% | -0.02B |
| 2025-06-30 | $709M | 488 | +17.19% | +14.94% | +2.25% | -0.01B |
| 2025-03-31 | $667M | 483 | +6.70% | +8.30% | -1.60% | -0.02B |
| 2024-12-31 | $696M | 495 | +15.34% | +24.89% | -9.54% | -0.01B |
| 2024-09-30 | $700M | 503 | +28.21% | +36.04% | -7.83% | -0.01B |
| 2024-06-30 | $648M | 503 | +10.19% | +24.49% | -14.30% | -0.00B |
| 2024-03-31 | $661M | 518 | +19.10% | +29.62% | -10.53% | -0.00B |
| 2023-12-31 | $622M | 429 | +18.60% | +26.18% | -7.58% | -0.01B |
| 2023-09-30 | $563M | 410 | +19.28% | +21.57% | -2.29% | -0.02B |
| 2023-06-30 | $616M | 412 | +19.73% | +19.42% | +0.31% | -0.01B |
| 2023-03-31 | $591M | 403 | -5.06% | -7.82% | +2.76% | +0.01B |
| 2022-12-31 | $545M | 183 | +12.08% | +7.56% | +4.52% | -0.03B |
| 2022-09-30 | $516M | 184 | -5.27% | -4.93% | -0.34% | -0.03B |
| 2022-06-30 | $575M | 190 | -15.85% | -16.11% | +0.26% | +0.00B |