Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.44%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.44%
steady accumulation
Rally response
-0.69%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $23.33B | 6.4% | +60.9% | 5.0 yr |
| TOTB.DETotalEnergies SE | $18.87B | 5.1% | +41.2% | 0.3 yr |
| AAPLApple Inc. | $18.55B | 5.1% | +14.7% | 5.0 yr |
| MSFTMicrosoft Corporation | $15.43B | 4.2% | -0.6% | 5.0 yr |
| AMZNAmazon.com, Inc. | $12.79B | 3.5% | +9.5% | 5.0 yr |
| GOOGLAlphabet Inc. | $9.13B | 2.5% | — | 5.0 yr |
| TSLATesla, Inc. | $8.24B | 2.2% | +43.4% | 5.0 yr |
| AVGOBroadcom Inc. | $8.07B | 2.2% | +86.0% | 5.0 yr |
| METAMeta Platforms, Inc. | $6.78B | 1.8% | -0.4% | 5.0 yr |
| GOOGAlphabet Inc. | $6.29B | 1.7% | +84.3% | 5.0 yr |
| LLYEli Lilly and Company | $4.65B | 1.3% | +12.2% | 5.0 yr |
| XOMExxon Mobil Corporation | $4.16B | 1.1% | +47.6% | 5.0 yr |
| JNJJohnson & Johnson | $3.28B | 0.9% | +51.5% | 5.0 yr |
| AZNAstraZeneca PLC | $3.03B | 0.8% | +36.2% | 0.3 yr |
| COSTCostco Wholesale Corpora | $2.83B | 0.8% | +5.9% | 5.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors14.0%+3.8pp$51.27B
Oil & Gas Integrated7.2%+5.4pp$26.25B
Software - Infrastructure6.5%-1.1pp$23.89B
Internet Content & Information6.4%+1.6pp$23.45B
Drug Manufacturers - General5.4%+0.9pp$19.68B
Consumer Electronics5.1%+0.0pp$18.73B
Specialty Retail4.2%-0.4pp$15.44B
Auto - Manufacturers2.8%+0.3pp$10.35B
Banks - Diversified2.7%+0.3pp$9.92B
Software - Application2.4%-1.7pp$8.74B
Country
US85.7%-5.4pp
FR5.1%+5.1pp
CA2.3%+0.4pp
GB1.7%+0.6pp
IE1.5%-0.2pp
Unknown0.8%-0.3pp
CH0.6%+0.1pp
DE0.5%+0.2pp
Top 5: 24.2% · Top 10: 34.7% · Top 25: 45.9%
Top buys this quarter · 15
| TOTB.DE TotalEnergies SEnew | +$16.75B |
| MSFT Microsoft Corporation | +$3.63B |
| AAPL Apple Inc. | +$3.50B |
| AZN AstraZeneca PLCnew | +$3.03B |
| NVDA NVIDIA Corporation | +$2.19B |
| AMZN Amazon.com, Inc. | +$1.58B |
| GOOG Alphabet Inc. | +$1.17B |
| GEV GE Vernova Inc. | +$1.13B |
| META Meta Platforms, Inc. | +$1.04B |
| TSLA Tesla, Inc. | +$8.24B |
Top sells this quarter · 15
| MSTR Strategy Inc | −$531M |
| AMD Advanced Micro Devices, Inc. | −$437M |
| QCOM QUALCOMM Incorporated | −$344M |
| BE Bloom Energy Corporation | −$324M |
| HD The Home Depot, Inc. | −$300M |
| UNH UnitedHealth Group Incorporate | −$265M |
| T AT&T Inc. | −$222M |
| FCX Freeport-McMoRan Inc. | −$207M |
| BA The Boeing Company | −$200M |
| PG The Procter & Gamble Company | −$199M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $366.88B | 1960 | +21.00% | +17.59% | +3.40% | +53.37B |
| 2025-12-31 | $324.49B | 1757 | +20.19% | +17.72% | +2.47% | +5.31B |
| 2025-09-30 | $311.04B | 1553 | +18.26% | +17.52% | +0.74% | -1.10B |
| 2025-06-30 | $287.41B | 1577 | +14.80% | +14.94% | -0.14% | -21.28B |
| 2025-03-31 | $274.70B | 2172 | +3.23% | +8.30% | -5.08% | -1.30B |
| 2024-12-31 | $287.59B | 2129 | +16.80% | +24.89% | -8.08% | +13.60B |
| 2024-09-30 | $271.35B | 1944 | +29.53% | +36.04% | -6.51% | -3.67B |
| 2024-06-30 | $260.87B | 1898 | +18.60% | +24.49% | -5.89% | +25.75B |
| 2024-03-31 | $232.69B | 1982 | +25.31% | +29.62% | -4.31% | -8.57B |
| 2023-12-31 | $222.17B | 1980 | +23.75% | +26.18% | -2.43% | -5.59B |
| 2023-09-30 | $203.41B | 1980 | +19.62% | +21.57% | -1.95% | +12.56B |
| 2023-06-30 | $197.70B | 2012 | +18.17% | +19.42% | -1.26% | -0.30B |
| 2023-03-31 | $185.46B | 2039 | -5.47% | -7.82% | +2.34% | -9.97B |
| 2022-12-31 | $182.24B | 1866 | +8.23% | +7.56% | +0.67% | -0.29B |
| 2022-09-30 | $168.64B | 1825 | -4.64% | -4.93% | +0.29% | +49.80B |
| 2022-06-30 | $124.63B | 1641 | -14.60% | -16.11% | +1.51% | -1.22B |