Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.11%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.41%
baseline attrition
Rally response
-1.00%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| JPMJPMorgan Chase & Co. | $445M | 6.7% | +21.8% | 10.5 yr |
| MSFTMicrosoft Corporation | $438M | 6.6% | -0.6% | 10.5 yr |
| — | $435M | 6.6% | — | 1.0 yr |
| CMICummins Inc. | $313M | 4.7% | +74.8% | 10.5 yr |
| ABBVAbbVie Inc. | $306M | 4.6% | +7.3% | 10.5 yr |
| JNJJohnson & Johnson | $261M | 3.9% | +51.5% | 10.5 yr |
| RTXRTX Corporation | $216M | 3.3% | +48.1% | 6.0 yr |
| XOMExxon Mobil Corporation | $199M | 3.0% | +47.6% | 10.5 yr |
| PEPPepsiCo, Inc. | $193M | 2.9% | +7.7% | 10.5 yr |
| ADIAnalog Devices, Inc. | $180M | 2.7% | +60.2% | 9.3 yr |
| TJXThe TJX Companies, Inc. | $154M | 2.3% | +32.7% | 7.8 yr |
| PGThe Procter & Gamble Com | $148M | 2.2% | -12.9% | 10.5 yr |
| APDAir Products and Chemica | $136M | 2.1% | +0.5% | 7.5 yr |
| CVXChevron Corporation | $132M | 2.0% | +29.2% | 10.5 yr |
| ACNAccenture plc | $122M | 1.8% | -35.6% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Drug Manufacturers - General8.6%-1.2pp$566M
Banks - Diversified8.5%+0.3pp$559M
Unknown6.8%+3.7pp$453M
Software - Infrastructure6.6%-1.1pp$438M
Industrial - Machinery6.3%+1.9pp$418M
Semiconductors5.8%+1.3pp$387M
Oil & Gas Integrated5.0%+0.7pp$330M
Regulated Electric4.4%-0.2pp$293M
Chemicals - Specialty3.6%-0.9pp$239M
Aerospace & Defense3.3%+0.7pp$216M
Country
US90.0%-0.1pp
Unknown6.8%+3.7pp
IE1.8%-1.5pp
CA1.3%+0.1pp
Top 5: 29.3% · Top 10: 45.1% · Top 25: 72.2%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $6.62B | 63 | +18.35% | +17.59% | +0.76% | -0.01B |
| 2025-12-31 | $6.55B | 61 | +18.91% | +17.72% | +1.19% | -0.25B |
| 2025-09-30 | $6.46B | 62 | +11.19% | +17.52% | -6.33% | +0.08B |
| 2025-06-30 | $5.95B | 60 | +13.24% | +14.94% | -1.70% | +0.01B |
| 2025-03-31 | $5.72B | 60 | +8.80% | +8.30% | +0.49% | -0.03B |
| 2024-12-31 | $5.66B | 60 | +14.62% | +24.89% | -10.27% | -0.21B |
| 2024-09-30 | $5.97B | 62 | +26.55% | +36.04% | -9.49% | -0.64B |
| 2024-06-30 | $6.06B | 62 | +11.90% | +24.49% | -12.59% | -0.01B |
| 2024-03-31 | $6.09B | 62 | +16.13% | +29.62% | -13.49% | +0.13B |
| 2023-12-31 | $5.56B | 60 | +7.88% | +26.18% | -18.30% | +0.07B |
| 2023-09-30 | $5.05B | 59 | +13.41% | +21.57% | -8.16% | -0.02B |
| 2023-06-30 | $5.26B | 59 | +9.44% | +19.42% | -9.98% | +0.10B |
| 2023-03-31 | $4.99B | 56 | -2.80% | -7.82% | +5.02% | +0.00B |
| 2022-12-31 | $5.01B | 55 | +14.20% | +7.56% | +6.64% | +0.03B |
| 2022-09-30 | $4.37B | 57 | -6.84% | -4.93% | -1.92% | -0.03B |
| 2022-06-30 | $4.72B | 80 | -8.16% | -16.11% | +7.95% | -0.08B |