Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.13%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.03%
steady accumulation
Rally response
+0.22%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| RYRoyal Bank of Canada | $1.44B | 5.9% | +48.2% | 10.5 yr |
| TDThe Toronto-Dominion Ban | $987M | 4.1% | +60.9% | 10.5 yr |
| BNSThe Bank of Nova Scotia | $929M | 3.8% | +52.4% | 10.3 yr |
| AAPLApple Inc. | $832M | 3.4% | +14.7% | 10.3 yr |
| MSFTMicrosoft Corporation | $815M | 3.4% | -0.6% | 10.5 yr |
| ENBEnbridge Inc. | $789M | 3.2% | +29.3% | 10.5 yr |
| AMZNAmazon.com, Inc. | $641M | 2.6% | +9.5% | 10.3 yr |
| TRPTC Energy Corporation | $574M | 2.4% | +37.4% | 7.0 yr |
| NVDANVIDIA Corporation | $571M | 2.4% | +60.9% | 10.0 yr |
| GOOGLAlphabet Inc. | $539M | 2.2% | — | 10.0 yr |
| FTSFortis Inc. | $523M | 2.2% | +26.8% | 9.5 yr |
| JPMJPMorgan Chase & Co. | $477M | 2.0% | +21.8% | 10.5 yr |
| VVisa Inc. | $469M | 1.9% | -13.1% | 10.5 yr |
| BMOBank of Montreal | $466M | 1.9% | +47.5% | 10.3 yr |
| CNQCanadian Natural Resourc | $460M | 1.9% | +66.0% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Banks - Diversified19.9%+1.8pp$4.83B
Asset Management9.1%+0.8pp$2.21B
Oil & Gas Midstream6.9%+0.2pp$1.68B
Internet Content & Information5.1%+1.1pp$1.24B
Semiconductors4.8%+1.7pp$1.15B
Software - Infrastructure4.3%-0.2pp$1.04B
Regulated Electric3.5%+1.1pp$851M
Consumer Electronics3.5%-0.6pp$838M
Specialty Retail2.7%-0.2pp$668M
Discount Stores2.5%+0.1pp$614M
Country
US50.7%-3.3pp
CA43.3%+4.0pp
Unknown2.0%-0.4pp
BM1.5%+0.1pp
IE0.6%-0.7pp
TW0.5%+0.2pp
GB0.4%-0.1pp
NL0.3%+0.1pp
Top 5: 20.6% · Top 10: 33.4% · Top 25: 58.3%
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$815M |
| LRCX Lam Research Corporation | +$53M |
| AZN AstraZeneca PLCnew | +$42M |
| ODFL Old Dominion Freight Line, Inc | +$32M |
| PANW Palo Alto Networks, Inc. | +$31M |
| BHP BHP Group Limited | +$30M |
| MS Morgan Stanley | +$24M |
| WPM Wheaton Precious Metals Corp. | +$22M |
| CNQ Canadian Natural Resources Lim | +$21M |
| CM Canadian Imperial Bank of Comm | +$19M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $24.28B | 911 | +25.00% | +17.59% | +7.41% | -0.32B |
| 2025-12-31 | $24.82B | 889 | +23.08% | +17.72% | +5.37% | +0.16B |
| 2025-09-30 | $23.49B | 902 | +16.98% | +17.52% | -0.54% | +0.56B |
| 2025-06-30 | $21.16B | 857 | +18.12% | +14.94% | +3.17% | +0.50B |
| 2025-03-31 | $18.64B | 842 | +6.51% | +8.30% | -1.79% | +0.12B |
| 2024-12-31 | $18.97B | 853 | +14.25% | +24.89% | -10.64% | +0.35B |
| 2024-09-30 | $18.67B | 832 | +28.69% | +36.04% | -7.35% | +0.07B |
| 2024-06-30 | $16.99B | 822 | +10.92% | +24.49% | -13.57% | +0.21B |
| 2024-03-31 | $16.80B | 824 | +16.88% | +29.62% | -12.74% | +0.56B |
| 2023-12-31 | $15.50B | 792 | +17.12% | +26.18% | -9.06% | -0.02B |
| 2023-09-30 | $13.81B | 773 | +10.15% | +21.57% | -11.42% | +0.08B |
| 2023-06-30 | $14.56B | 783 | +7.52% | +19.42% | -11.91% | +0.14B |
| 2023-03-31 | $13.69B | 780 | -11.76% | -7.82% | -3.94% | +0.05B |
| 2022-12-31 | $13.00B | 781 | -19.78% | -18.17% | -1.60% | -0.05B |
| 2022-09-30 | $12.35B | 776 | -15.67% | -15.51% | -0.16% | +0.01B |
| 2022-06-30 | $13.40B | 804 | -7.90% | -10.62% | +2.72% | -0.17B |