Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.28%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.56%
steady accumulation
Rally response
-13.61%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $1.43B | 6.9% | +60.9% | 9.8 yr |
| AAPLApple Inc. | $1.21B | 5.8% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $879M | 4.2% | -0.6% | 10.5 yr |
| GOOGLAlphabet Inc. | $736M | 3.5% | — | 10.5 yr |
| AMZNAmazon.com, Inc. | $709M | 3.4% | +9.5% | 10.5 yr |
| AVGOBroadcom Inc. | $511M | 2.5% | +86.0% | 8.0 yr |
| SPYState Street SPDR S&P 50 | $459M | 2.2% | +17.6% | 10.5 yr |
| METAMeta Platforms, Inc. | $418M | 2.0% | -0.4% | 10.5 yr |
| TSLATesla, Inc. | $313M | 1.5% | +43.4% | 8.8 yr |
| GOOGAlphabet Inc. | $287M | 1.4% | +84.3% | 10.5 yr |
| LLYEli Lilly and Company | $284M | 1.4% | +12.2% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $237M | 1.1% | +21.8% | 10.5 yr |
| VVisa Inc. | $230M | 1.1% | -13.1% | 10.5 yr |
| XOMExxon Mobil Corporation | $218M | 1.0% | +47.6% | 10.5 yr |
| WMTWalmart Inc. | $195M | 0.9% | +42.8% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors12.9%+3.9pp$2.69B
Asset Management8.8%+3.1pp$1.84B
Internet Content & Information7.3%+0.8pp$1.51B
Unknown6.5%+1.2pp$1.34B
Consumer Electronics5.8%-0.3pp$1.21B
Software - Infrastructure5.7%-1.5pp$1.18B
Drug Manufacturers - General4.0%+0.1pp$835M
Specialty Retail3.7%-0.8pp$760M
Banks - Diversified3.0%-0.3pp$633M
Financial - Credit Services2.3%-0.9pp$476M
Country
US90.1%-1.0pp
Unknown6.5%+1.2pp
IE0.9%+0.1pp
GB0.9%-0.1pp
CH0.3%-0.0pp
TW0.2%+0.0pp
NL0.2%-0.1pp
CA0.1%-0.1pp
Top 5: 23.9% · Top 10: 33.4% · Top 25: 46.6%
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$374M |
| AAPL Apple Inc. | +$204M |
| NVDA NVIDIA Corporation | +$169M |
| PPLC PPL Corporation Corporate Unitnew | +$113M |
| MSFT Microsoft Corporation | +$879M |
| AVGO Broadcom Inc. | +$83M |
| AMZN Amazon.com, Inc. | +$709M |
| ANET Arista Networks, Inc. | +$44M |
| META Meta Platforms, Inc. | +$418M |
| EA Electronic Arts Inc. | +$37M |
Top sells this quarter · 15
| GLW Corning Incorporated | −$87M |
| USFD US Foods Holding Corp. | −$34M |
| TGNA TEGNA Inc.exit | −$33M |
| MU Micron Technology, Inc. | −$26M |
| 0HQN.L Cboe Global Markets, Inc. | −$24M |
| SATS EchoStar Corporation | −$23M |
| COLM Columbia Sportswear Company | −$22M |
| SOMN The Southern Company | −$21M |
| ROK Rockwell Automation, Inc. | −$20M |
| SPG Simon Property Group, Inc. | −$20M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $20.82B | 979 | +19.64% | +17.59% | +2.05% | +3.42B |
| 2025-12-31 | $18.19B | 693 | +18.65% | +17.72% | +0.93% | -0.34B |
| 2025-09-30 | $18.11B | 685 | +19.62% | +17.52% | +2.10% | -0.42B |
| 2025-06-30 | $17.12B | 675 | +16.28% | +14.94% | +1.34% | -0.34B |
| 2025-03-31 | $15.45B | 665 | +5.83% | +8.30% | -2.47% | +0.42B |
| 2024-12-31 | $15.85B | 671 | +21.14% | +24.89% | -3.75% | +0.51B |
| 2024-09-30 | $14.88B | 687 | +31.81% | +36.04% | -4.23% | -0.41B |
| 2024-06-30 | $14.53B | 700 | +20.23% | +24.49% | -4.26% | -0.18B |
| 2024-03-31 | $14.30B | 706 | +27.16% | +29.62% | -2.47% | +0.12B |
| 2023-12-31 | $13.06B | 648 | +25.32% | +26.18% | -0.86% | -0.40B |
| 2023-09-30 | $12.00B | 673 | +19.27% | +21.57% | -2.30% | -0.58B |
| 2023-06-30 | $13.10B | 733 | +20.52% | +19.42% | +1.10% | -0.91B |
| 2023-03-31 | $12.88B | 861 | -5.87% | -7.82% | +1.95% | -1.82B |
| 2022-12-31 | $13.75B | 958 | -16.07% | -18.17% | +2.10% | -1.38B |
| 2022-09-30 | $14.17B | 999 | -12.71% | -15.51% | +2.79% | -0.87B |
| 2022-06-30 | $15.50B | 869 | -9.50% | -10.62% | +1.12% | +0.20B |