Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.31%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.59%
baseline attrition
Rally response
-3.85%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BRK-BBerkshire Hathaway Inc. | $13M | 7.2% | — | 10.3 yr |
| AAPLApple Inc. | $8M | 4.7% | +14.7% | 10.3 yr |
| — | $8M | 4.5% | — | 2.5 yr |
| LRCXLam Research Corporation | $7M | 3.8% | +196.1% | 1.5 yr |
| CCitigroup Inc. | $6M | 3.2% | +63.9% | 1.3 yr |
| MSFTMicrosoft Corporation | $6M | 3.2% | -0.6% | 9.8 yr |
| IBMInternational Business M | $6M | 3.2% | -0.1% | 4.5 yr |
| METAMeta Platforms, Inc. | $5M | 2.9% | -0.4% | 7.5 yr |
| CEGConstellation Energy Cor | $5M | 2.8% | +39.2% | 4.3 yr |
| GOOGLAlphabet Inc. | $5M | 2.8% | — | 10.3 yr |
| SOThe Southern Company | $5M | 2.7% | +8.4% | 3.3 yr |
| CARRCarrier Global Corporati | $5M | 2.7% | -9.9% | 0.8 yr |
| SCHWThe Charles Schwab Corpo | $5M | 2.7% | +21.5% | 3.3 yr |
| SONYSony Group Corporation | $5M | 2.6% | -18.3% | 10.0 yr |
| JJacobs Solutions Inc. | $5M | 2.6% | +7.4% | 3.8 yr |
Portfolio composition (YoY)
Industry mix
Consumer Electronics7.5%+0.2pp$14M
Insurance - Diversified7.2%-0.4pp$13M
Semiconductors6.4%+1.8pp$12M
Unknown6.0%+1.6pp$11M
Internet Content & Information5.8%-1.1pp$10M
Information Technology Services5.4%+2.1pp$10M
Banks - Diversified5.3%+3.8pp$10M
Aerospace & Defense4.9%+0.1pp$9M
Engineering & Construction4.8%+0.3pp$9M
Oil & Gas Exploration & Production3.6%+0.5pp$6M
Country
US76.4%-1.7pp
Unknown6.0%+1.6pp
JP3.1%-0.5pp
NL2.6%+0.9pp
SE2.4%+0.5pp
IE2.2%
BR1.6%-0.4pp
CA1.5%-0.2pp
Top 5: 23.4% · Top 10: 38.4% · Top 25: 73.4%
Top buys this quarter · 15
| MKC McCormick & Company, Incorpora | +$2M |
| SAP SAP SE | +$0M |
| TM Toyota Motor Corporation | +$0M |
| ASML ASML Holding N.V. | +$0M |
| BHP BHP Group Limited | +$0M |
| TREX Trex Company, Inc. | +$0M |
| ACN Accenture plc | +$4M |
| UBS UBS Group AG | +$0M |
| C Citigroup Inc. | +$0M |
| NXPI NXP Semiconductors N.V. | +$4M |
Top sells this quarter · 15
| LRCX Lam Research Corporation | −$3M |
| CCJ Cameco Corporation | −$2M |
| OPRA Opera Limitedexit | −$2M |
| ARCO Arcos Dorados Holdings Inc.exit | −$2M |
| AMTM Amentum Holdings, Inc.exit | −$1M |
| CEG Constellation Energy Corporati | −$0M |
| WDS Woodside Energy Group Ltdexit | −$0M |
| ALB Albemarle Corporationexit | −$0M |
| GOOG Alphabet Inc.exit | −$0M |
| NVS Novartis AG | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $181M | 76 | +17.44% | +17.59% | -0.15% | -0.00B |
| 2025-12-31 | $187M | 77 | +15.04% | +17.72% | -2.68% | -0.01B |
| 2025-09-30 | $194M | 81 | +11.39% | +17.52% | -6.13% | -0.02B |
| 2025-06-30 | $198M | 81 | +14.42% | +14.94% | -0.52% | -0.07B |
| 2025-03-31 | $239M | 101 | +2.39% | +8.30% | -5.92% | +0.00B |
| 2024-12-31 | $244M | 109 | +15.66% | +24.89% | -9.23% | +0.01B |
| 2024-09-30 | $244M | 109 | +33.09% | +36.04% | -2.94% | +0.02B |
| 2024-06-30 | $206M | 84 | +23.37% | +24.49% | -1.12% | -0.00B |
| 2024-03-31 | $210M | 86 | +31.40% | +29.62% | +1.77% | -0.00B |
| 2023-12-31 | $192M | 86 | +24.02% | +26.18% | -2.16% | -0.01B |
| 2023-09-30 | $181M | 83 | +19.45% | +21.57% | -2.12% | +0.00B |
| 2023-06-30 | $179M | 80 | +19.50% | +19.42% | +0.08% | +0.00B |
| 2023-03-31 | $166M | 81 | -2.42% | -7.82% | +5.40% | +0.00B |
| 2022-12-31 | $158M | 79 | -10.11% | -18.17% | +8.06% | -0.01B |
| 2022-09-30 | $156M | 74 | -6.23% | -15.51% | +9.28% | -0.01B |
| 2022-06-30 | $160M | 79 | -6.95% | -10.62% | +3.67% | -0.01B |