Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.19%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.38%
baseline attrition
Rally response
-2.23%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| JNJJohnson & Johnson | $71M | 3.9% | +51.5% | 10.5 yr |
| CSCOCisco Systems, Inc. | $65M | 3.5% | +28.1% | 10.0 yr |
| LMTLockheed Martin Corporat | $55M | 3.0% | +39.0% | 9.5 yr |
| TXNTexas Instruments Incorp | $52M | 2.8% | +11.4% | 10.3 yr |
| CBChubb Limited | $50M | 2.7% | +9.3% | 7.8 yr |
| PFEPfizer Inc. | $48M | 2.6% | +18.8% | 10.5 yr |
| MSFTMicrosoft Corporation | $42M | 2.3% | -0.6% | 10.5 yr |
| PAYXPaychex, Inc. | $40M | 2.2% | -38.2% | 10.3 yr |
| XOMExxon Mobil Corporation | $39M | 2.1% | +47.6% | 10.3 yr |
| ACNAccenture plc | $39M | 2.1% | -35.6% | 6.0 yr |
| MRKMerck & Co., Inc. | $38M | 2.1% | +38.9% | 7.3 yr |
| HSYThe Hershey Company | $38M | 2.1% | +25.3% | 2.3 yr |
| PEPPepsiCo, Inc. | $36M | 1.9% | +7.7% | 10.5 yr |
| HDThe Home Depot, Inc. | $35M | 1.9% | -8.0% | 6.5 yr |
| CATCaterpillar Inc. | $35M | 1.9% | +117.8% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Drug Manufacturers - General11.8%+2.5pp$216M
Oil & Gas Integrated4.7%+0.1pp$85M
Industrial - Machinery4.6%+1.4pp$84M
Aerospace & Defense4.4%+0.9pp$80M
Semiconductors4.0%-1.0pp$73M
Staffing & Employment Services3.8%-0.5pp$70M
Communication Equipment3.8%+0.7pp$70M
Software - Infrastructure3.6%-0.2pp$66M
Medical - Diagnostics & Research3.4%+0.0pp$62M
Telecommunications Services3.1%-0.8pp$58M
Country
US87.1%+0.6pp
IE5.5%-0.2pp
CH3.0%-0.1pp
FR1.6%-0.1pp
GB1.4%-0.3pp
AU1.3%-0.1pp
CA0.3%+0.2pp
Unknown0.0%-0.0pp
Top 5: 16.0% · Top 10: 27.3% · Top 25: 54.1%
Top buys this quarter · 15
| ADP Automatic Data Processing, Inc | +$13M |
| PAYX Paychex, Inc. | +$10M |
| SPGI S&P Global Inc.new | +$6M |
| INTU Intuit Inc.new | +$6M |
| FDS FactSet Research Systems Inc. | +$4M |
| ZTS Zoetis Inc. | +$4M |
| ADBE Adobe Inc. | +$13M |
| CLX The Clorox Company | +$3M |
| NRC National Research Corporation | +$1M |
| VZ Verizon Communications Inc. | +$0M |
Top sells this quarter · 15
| WMT Walmart Inc.exit | −$38M |
| CAT Caterpillar Inc. | −$21M |
| KMB Kimberly-Clark Corporationexit | −$19M |
| JNJ Johnson & Johnson | −$19M |
| GPC Genuine Parts Companyexit | −$15M |
| TROW T. Rowe Price Group, Inc.exit | −$14M |
| TGT Target Corporationexit | −$14M |
| INTC Intel Corporationexit | −$13M |
| AMAT Applied Materials, Inc. | −$12M |
| UPS United Parcel Service, Inc. | −$12M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.83B | 123 | +12.74% | +17.59% | -4.85% | -0.20B |
| 2025-12-31 | $1.94B | 130 | +7.97% | +17.72% | -9.75% | +0.09B |
| 2025-09-30 | $1.83B | 127 | +2.95% | +17.52% | -14.57% | +0.05B |
| 2025-06-30 | $1.71B | 118 | +7.39% | +14.94% | -7.55% | +0.18B |
| 2025-03-31 | $1.49B | 117 | +1.93% | +8.30% | -6.37% | -0.04B |
| 2024-12-31 | $1.52B | 116 | +8.13% | +24.89% | -16.75% | +0.04B |
| 2024-09-30 | $1.54B | 113 | +22.52% | +36.04% | -13.52% | -0.02B |
| 2024-06-30 | $1.44B | 107 | +10.00% | +24.49% | -14.49% | +0.03B |
| 2024-03-31 | $1.45B | 107 | +15.72% | +29.62% | -13.91% | -0.06B |
| 2023-12-31 | $1.42B | 113 | +9.64% | +26.18% | -16.54% | -0.04B |
| 2023-09-30 | $1.34B | 110 | +14.12% | +21.57% | -7.44% | -0.17B |
| 2023-06-30 | $1.55B | 111 | +5.99% | +19.42% | -13.43% | -0.04B |
| 2023-03-31 | $1.55B | 111 | -8.81% | -7.82% | -0.99% | -0.03B |
| 2022-12-31 | $1.56B | 113 | +13.66% | +7.56% | +6.10% | -0.00B |
| 2022-09-30 | $1.38B | 110 | -9.68% | -4.93% | -4.76% | -0.10B |
| 2022-06-30 | $1.63B | 114 | -11.97% | -16.11% | +4.14% | -0.03B |