Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.07%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.68%
baseline attrition
Rally response
-9.04%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGLAlphabet Inc. | $136M | 5.7% | — | 10.5 yr |
| KLACKLA Corporation | $122M | 5.1% | +118.2% | 4.3 yr |
| AMATApplied Materials, Inc. | $115M | 4.8% | +137.6% | 1.5 yr |
| TSMTaiwan Semiconductor Man | $103M | 4.3% | +105.6% | 6.8 yr |
| AVGOBroadcom Inc. | $100M | 4.2% | +86.0% | 7.5 yr |
| METAMeta Platforms, Inc. | $98M | 4.1% | -0.4% | 6.3 yr |
| MUMicron Technology, Inc. | $97M | 4.1% | +289.6% | 4.8 yr |
| VVisa Inc. | $95M | 4.0% | -13.1% | 4.0 yr |
| ABCAmerisourceBergen Corpor | $85M | 3.6% | — | 6.0 yr |
| AMZNAmazon.com, Inc. | $85M | 3.6% | +9.5% | 0.5 yr |
| MCKMcKesson Corporation | $81M | 3.4% | +29.1% | 3.0 yr |
| CBChubb Limited | $75M | 3.2% | +9.3% | 10.5 yr |
| IQVIQVIA Holdings Inc. | $74M | 3.1% | -3.3% | 1.0 yr |
| FANGDiamondback Energy, Inc. | $70M | 3.0% | +27.1% | 4.8 yr |
| WRBW. R. Berkley Corporatio | $70M | 2.9% | -4.4% | 2.8 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors22.8%+8.8pp$542M
Internet Content & Information9.9%+0.6pp$236M
Insurance - Property & Casualty8.6%-0.7pp$204M
Medical - Distribution7.0%-0.8pp$167M
Financial - Credit Services6.2%-1.0pp$148M
Specialty Retail5.8%+3.0pp$137M
Medical - Diagnostics & Research5.0%+5.0pp$120M
Asset Management3.7%+0.1pp$88M
Medical - Healthcare Plans3.7%-3.5pp$87M
Oil & Gas Exploration & Production3.0%-0.1pp$72M
Country
US92.2%-0.3pp
TW4.3%
CH3.2%-0.9pp
CA0.1%+0.0pp
BM0.1%+0.1pp
CN0.1%+0.1pp
SG0.0%
Unknown0.0%-3.3pp
Top 5: 24.2% · Top 10: 43.6% · Top 25: 84.7%
Top buys this quarter · 15
| AMZN Amazon.com, Inc. | +$43M |
| TSM Taiwan Semiconductor Manufactu | +$22M |
| AZO AutoZone, Inc. | +$6M |
| JPM JPMorgan Chase & Co. | +$6M |
| V Visa Inc. | +$95M |
| FLEX Flex Ltd.new | +$1M |
| SNEX StoneX Group Inc. | +$0M |
| MWA Mueller Water Products, Inc. | +$0M |
| PARR Par Pacific Holdings, Inc.new | +$0M |
| ACGL Arch Capital Group Ltd.new | +$0M |
Top sells this quarter · 15
| MU Micron Technology, Inc. | −$64M |
| AMAT Applied Materials, Inc. | −$103M |
| KLAC KLA Corporation | −$118M |
| AVGO Broadcom Inc. | −$17M |
| FANG Diamondback Energy, Inc. | −$60M |
| META Meta Platforms, Inc. | −$4M |
| MCK McKesson Corporation | −$81M |
| CB Chubb Limited | −$3M |
| IQV IQVIA Holdings Inc. | −$3M |
| TTWO Take-Two Interactive Software, | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.38B | 291 | +30.14% | +17.59% | +12.54% | -0.11B |
| 2025-12-31 | $2.58B | 219 | +35.29% | +17.72% | +17.57% | -0.00B |
| 2025-09-30 | $2.39B | 210 | +26.38% | +17.52% | +8.87% | -0.07B |
| 2025-06-30 | $2.27B | 210 | +22.29% | +14.94% | +7.35% | -0.10B |
| 2025-03-31 | $2.07B | 188 | +6.20% | +8.30% | -2.10% | +0.04B |
| 2024-12-31 | $2.01B | 245 | +20.92% | +24.89% | -3.97% | -0.03B |
| 2024-09-30 | $2.02B | 225 | +34.27% | +36.04% | -1.76% | -0.11B |
| 2024-06-30 | $2.03B | 228 | +25.27% | +24.49% | +0.78% | -0.01B |
| 2024-03-31 | $2.05B | 233 | +33.18% | +29.62% | +3.56% | +0.02B |
| 2023-12-31 | $1.78B | 228 | +19.40% | +26.18% | -6.78% | -0.02B |
| 2023-09-30 | $1.60B | 199 | +20.39% | +21.57% | -1.18% | +0.00B |
| 2023-06-30 | $1.63B | 208 | +15.76% | +19.42% | -3.67% | +0.03B |
| 2023-03-31 | $1.51B | 200 | -4.48% | -7.82% | +3.33% | -0.09B |
| 2022-12-31 | $1.56B | 218 | -9.08% | -18.17% | +9.09% | -0.02B |
| 2022-09-30 | $1.40B | 197 | -10.50% | -15.51% | +5.00% | -0.01B |
| 2022-06-30 | $1.49B | 196 | -4.71% | -10.62% | +5.91% | -0.04B |