Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.28%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.29%
steady accumulation
Rally response
-3.11%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CMICummins Inc. | $227M | 5.5% | +74.8% | 7.5 yr |
| CMECME Group Inc. | $213M | 5.1% | +15.6% | 5.5 yr |
| MSMorgan Stanley | $212M | 5.1% | +44.8% | 3.0 yr |
| COPConocoPhillips | $197M | 4.8% | +30.0% | 5.3 yr |
| AVGOBroadcom Inc. | $189M | 4.6% | +86.0% | 6.5 yr |
| ORIOld Republic Internation | $189M | 4.6% | +10.8% | 8.3 yr |
| EPDEnterprise Products Part | $184M | 4.4% | +18.7% | 9.8 yr |
| PEGPublic Service Enterpris | $184M | 4.4% | +1.5% | 7.8 yr |
| ABBVAbbVie Inc. | $182M | 4.4% | +7.3% | 10.5 yr |
| JNJJohnson & Johnson | $180M | 4.3% | +51.5% | 7.5 yr |
| LAMRLamar Advertising Compan | $175M | 4.2% | +17.2% | 7.3 yr |
| SNASnap-on Incorporated | $171M | 4.1% | +10.7% | 6.3 yr |
| SPGSimon Property Group, In | $168M | 4.0% | +17.9% | 1.5 yr |
| DRIDarden Restaurants, Inc. | $167M | 4.0% | -3.5% | 2.3 yr |
| PGThe Procter & Gamble Com | $154M | 3.7% | -12.9% | 8.0 yr |
Portfolio composition (YoY)
Industry mix
Drug Manufacturers - General8.7%-1.0pp$362M
Semiconductors7.2%-0.7pp$298M
Industrial - Machinery5.5%+1.5pp$227M
Financial - Data & Stock Exchanges5.1%+0.1pp$213M
Financial - Capital Markets5.1%+0.9pp$212M
Oil & Gas Exploration & Production4.8%+0.4pp$197M
Insurance - Diversified4.6%-0.3pp$189M
Oil & Gas Midstream4.4%+0.4pp$184M
Regulated Electric4.4%-0.4pp$184M
REIT - Specialty4.2%+0.7pp$175M
Country
US96.6%+1.0pp
Unknown3.4%
Top 5: 25.1% · Top 10: 47.3% · Top 25: 95.9%
Top buys this quarter · 8
| UGI UGI Corporation | +$75M |
| SLB SLB N.V.new | +$55M |
| TXN Texas Instruments Incorporated | +$23M |
| PG The Procter & Gamble Company | +$22M |
| HD The Home Depot, Inc. | +$11M |
| COP ConocoPhillips | +$7M |
| PAG Penske Automotive Group, Inc. | +$20M |
| — | +$139M |
Top sells this quarter · 15
| CMI Cummins Inc. | −$29M |
| CVS CVS Health Corporation | −$28M |
| JNJ Johnson & Johnson | −$173M |
| ABBV AbbVie Inc. | −$21M |
| AVGO Broadcom Inc. | −$21M |
| PAYX Paychex, Inc. | −$20M |
| DKS DICK'S Sporting Goods, Inc. | −$19M |
| MS Morgan Stanley | −$18M |
| MICC The Magnum Ice Cream Company Nexit | −$8M |
| ARES Ares Management Corporation | −$7M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.14B | 30 | +10.02% | +17.59% | -7.57% | -0.08B |
| 2025-12-31 | $4.17B | 30 | +9.30% | +17.72% | -8.42% | -0.27B |
| 2025-09-30 | $4.39B | 26 | +10.12% | +17.52% | -7.40% | -0.11B |
| 2025-06-30 | $4.32B | 25 | +17.39% | +14.94% | +2.45% | +0.01B |
| 2025-03-31 | $4.18B | 25 | +12.14% | +8.30% | +3.84% | +0.11B |
| 2024-12-31 | $4.04B | 26 | +20.57% | +24.89% | -4.31% | -0.01B |
| 2024-09-30 | $3.98B | 25 | +28.00% | +36.04% | -8.04% | +0.21B |
| 2024-06-30 | $3.40B | 26 | +12.93% | +24.49% | -11.56% | +0.06B |
| 2024-03-31 | $3.39B | 25 | +16.08% | +29.62% | -13.55% | -0.05B |
| 2023-12-31 | $3.18B | 27 | +9.55% | +26.18% | -16.63% | +0.04B |
| 2023-09-30 | $2.91B | 26 | +12.66% | +21.57% | -8.91% | -0.02B |
| 2023-06-30 | $2.98B | 26 | +12.18% | +19.42% | -7.24% | +0.08B |
| 2023-03-31 | $2.87B | 25 | -0.54% | -7.82% | +7.28% | -0.01B |
| 2022-12-31 | $2.82B | 27 | +11.03% | +7.56% | +3.47% | +0.04B |
| 2022-09-30 | $2.50B | 28 | -2.38% | -4.93% | +2.55% | +0.07B |
| 2022-06-30 | $2.49B | 29 | -10.17% | -16.11% | +5.94% | -0.05B |