Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.87%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.61%
steady accumulation
Rally response
-0.86%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $48M | 5.5% | +14.7% | 10.3 yr |
| LLYEli Lilly and Company | $43M | 4.8% | +12.2% | 10.3 yr |
| MSFTMicrosoft Corporation | $31M | 3.5% | -0.6% | 10.3 yr |
| ABBVAbbVie Inc. | $24M | 2.7% | +7.3% | 10.3 yr |
| IAUiShares Gold Trust | $24M | 2.7% | — | 5.0 yr |
| XOMExxon Mobil Corporation | $22M | 2.4% | +47.6% | 10.3 yr |
| IVViShares Core S&P 500 ETF | $21M | 2.4% | — | 10.3 yr |
| JPMJPMorgan Chase & Co. | $21M | 2.4% | +21.8% | 10.3 yr |
| NVDANVIDIA Corporation | $20M | 2.3% | +60.9% | 8.3 yr |
| JNJJohnson & Johnson | $20M | 2.2% | +51.5% | 10.3 yr |
| VVisa Inc. | $20M | 2.2% | -13.1% | 10.3 yr |
| BRK-BBerkshire Hathaway Inc. | $19M | 2.2% | — | 10.3 yr |
| WMTWalmart Inc. | $17M | 2.0% | +42.8% | 10.3 yr |
| AVGOBroadcom Inc. | $17M | 1.9% | +86.0% | 4.5 yr |
| LMTLockheed Martin Corporat | $17M | 1.9% | +39.0% | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management19.1%-3.1pp$169M
Drug Manufacturers - General13.1%-0.3pp$116M
Semiconductors7.8%+3.2pp$69M
Consumer Electronics5.5%-0.4pp$48M
Aerospace & Defense3.8%+0.9pp$34M
Software - Infrastructure3.6%-0.1pp$32M
Oil & Gas Integrated3.4%+0.4pp$31M
Banks - Diversified3.4%+1.0pp$30M
Internet Content & Information3.4%+1.3pp$30M
Financial - Credit Services3.3%-1.4pp$29M
Country
US96.3%-0.8pp
TW1.0%+0.4pp
IE0.7%-0.4pp
CA0.7%+0.6pp
NL0.6%
CN0.5%-0.1pp
CH0.1%+0.1pp
GB0.1%-0.4pp
Top 5: 19.2% · Top 10: 30.9% · Top 25: 55.1%
Top buys this quarter · 15
| USB U.S. Bancorp | +$6M |
| OKE ONEOK, Inc. | +$2M |
| REYN Reynolds Consumer Products Incnew | +$2M |
| MOS The Mosaic Companynew | +$1M |
| SUNC SunocoCorp LLCnew | +$1M |
| NFLX Netflix, Inc. | +$1M |
| ACMR ACM Research, Inc.new | +$1M |
| KMI Kinder Morgan, Inc. | +$1M |
| VLO Valero Energy Corporation | +$1M |
| CNQ Canadian Natural Resources Lim | +$1M |
Top sells this quarter · 15
| AAPL Apple Inc. | −$3M |
| LIN Linde plc | −$2M |
| LLY Eli Lilly and Company | −$2M |
| EQIX Equinix, Inc. | −$1M |
| KLAC KLA Corporation | −$1M |
| ABT Abbott Laboratories | −$1M |
| TSM Taiwan Semiconductor Manufactu | −$1M |
| LNG Cheniere Energy, Inc. | −$1M |
| TJX The TJX Companies, Inc. | −$1M |
| IBM International Business Machine | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $888M | 245 | +18.02% | +17.59% | +0.43% | +0.00B |
| 2025-12-31 | $893M | 232 | +19.30% | +17.72% | +1.58% | +0.02B |
| 2025-09-30 | $836M | 224 | +13.21% | +17.52% | -4.31% | -0.03B |
| 2025-06-30 | $804M | 225 | +13.14% | +14.94% | -1.81% | -0.00B |
| 2025-03-31 | $764M | 202 | +9.29% | +8.30% | +0.99% | -0.06B |
| 2024-12-31 | $815M | 256 | +17.61% | +24.89% | -7.28% | -0.07B |
| 2024-09-30 | $890M | 310 | +29.76% | +36.04% | -6.27% | -0.01B |
| 2024-06-30 | $834M | 294 | +18.25% | +24.49% | -6.24% | -0.02B |
| 2024-03-31 | $835M | 292 | +22.83% | +29.62% | -6.79% | +0.00B |
| 2023-12-31 | $769M | 294 | +16.77% | +26.18% | -9.41% | +0.01B |
| 2023-09-30 | $692M | 294 | +18.80% | +21.57% | -2.77% | +0.02B |
| 2023-06-30 | $691M | 298 | +14.68% | +19.42% | -4.74% | +0.00B |
| 2023-03-31 | $652M | 293 | -2.38% | -7.82% | +5.43% | -0.03B |
| 2022-12-31 | $663M | 291 | -9.37% | -18.17% | +8.81% | -0.01B |
| 2022-09-30 | $600M | 275 | -9.81% | -15.51% | +5.70% | -0.02B |
| 2022-06-30 | $656M | 279 | -3.99% | -10.62% | +6.63% | -0.07B |