Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.61%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.56%
baseline attrition
Rally response
-2.69%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MSFTMicrosoft Corporation | $10M | 3.2% | -0.6% | 10.5 yr |
| LLYEli Lilly and Company | $10M | 3.2% | +12.2% | 10.5 yr |
| MCKMcKesson Corporation | $9M | 3.0% | +29.1% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $9M | 2.8% | +21.8% | 10.5 yr |
| RTXRTX Corporation | $8M | 2.6% | +48.1% | 5.8 yr |
| MRKMerck & Co., Inc. | $8M | 2.5% | +38.9% | 10.5 yr |
| CATCaterpillar Inc. | $7M | 2.4% | +117.8% | 10.5 yr |
| PNCThe PNC Financial Servic | $7M | 2.3% | +22.7% | 10.5 yr |
| AMGNAmgen Inc. | $7M | 2.2% | +16.5% | 10.5 yr |
| JNJJohnson & Johnson | $6M | 2.0% | +51.5% | 10.5 yr |
| CSCOCisco Systems, Inc. | $6M | 2.0% | +28.1% | 10.5 yr |
| DEDeere & Company | $6M | 2.0% | +21.2% | 10.5 yr |
| IBMInternational Business M | $6M | 1.9% | -0.1% | 10.5 yr |
| CVXChevron Corporation | $5M | 1.8% | +29.2% | 10.5 yr |
| INTCIntel Corporation | $5M | 1.7% | +94.3% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Drug Manufacturers - General13.1%+0.5pp$40M
Banks - Diversified5.5%+0.1pp$17M
Software - Infrastructure5.4%-1.0pp$17M
Agricultural - Machinery4.4%+1.0pp$13M
Regulated Electric4.2%-0.2pp$13M
Banks - Regional3.9%+0.4pp$12M
Telecommunications Services3.5%-0.5pp$11M
Oil & Gas Integrated3.2%+0.5pp$10M
Semiconductors3.2%+0.9pp$10M
Aerospace & Defense3.2%+0.6pp$10M
Country
US92.7%-1.1pp
CA2.1%+0.3pp
IE1.5%-0.1pp
CH1.2%-0.1pp
Unknown1.0%+0.6pp
GB0.6%+0.2pp
NL0.4%+0.0pp
FR0.3%+0.1pp
Top 5: 14.9% · Top 10: 26.3% · Top 25: 50.1%
Top buys this quarter · 15
| IMO Imperial Oil Limitednew | +$0M |
| ORCL Oracle Corporation | +$4M |
| EMN Eastman Chemical Company | +$0M |
| DD DuPont de Nemours, Inc. | +$0M |
| PFE Pfizer Inc. | +$0M |
| KMB Kimberly-Clark Corporation | +$0M |
| IBM International Business Machine | +$6M |
| BAC Bank of America Corporation | +$5M |
| WY Weyerhaeuser Company | +$0M |
| TFC Truist Financial Corporation | +$2M |
Top sells this quarter · 15
| Q Qnity Electronics, Inc.exit | −$2M |
| CAT Caterpillar Inc. | −$6M |
| TPC Tutor Perini Corporation | −$0M |
| LLY Eli Lilly and Company | −$0M |
| PLTR Palantir Technologies Inc.exit | −$0M |
| MKL Markel Corporationexit | −$0M |
| MA Mastercard Incorporatedexit | −$0M |
| MCK McKesson Corporation | −$9M |
| ALL The Allstate Corporation | −$0M |
| NVDA NVIDIA Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $306M | 136 | +18.31% | +17.59% | +0.72% | -0.00B |
| 2025-12-31 | $298M | 136 | +17.89% | +17.72% | +0.17% | +0.00B |
| 2025-09-30 | $288M | 134 | +10.23% | +17.52% | -7.29% | -0.00B |
| 2025-06-30 | $274M | 131 | +11.90% | +14.94% | -3.04% | -0.01B |
| 2025-03-31 | $268M | 129 | +5.44% | +8.30% | -2.86% | +0.01B |
| 2024-12-31 | $253M | 126 | +13.20% | +24.89% | -11.68% | +0.01B |
| 2024-09-30 | $250M | 123 | +27.31% | +36.04% | -8.73% | -0.01B |
| 2024-06-30 | $242M | 121 | +16.38% | +24.49% | -8.11% | -0.01B |
| 2024-03-31 | $257M | 117 | +23.11% | +29.62% | -6.52% | -0.01B |
| 2023-12-31 | $240M | 115 | +9.20% | +26.18% | -16.97% | -0.06B |
| 2023-09-30 | $271M | 121 | +15.11% | +21.57% | -6.46% | +0.00B |
| 2023-06-30 | $275M | 124 | +10.30% | +19.42% | -9.12% | -0.02B |
| 2023-03-31 | $283M | 125 | -2.71% | -7.82% | +5.11% | -0.00B |
| 2022-12-31 | $289M | 126 | +14.67% | +7.56% | +7.11% | -0.00B |
| 2022-09-30 | $255M | 124 | -5.94% | -4.93% | -1.01% | -0.01B |
| 2022-06-30 | $277M | 127 | -8.14% | -16.11% | +7.97% | -0.00B |