Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.47%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.28%
steady accumulation
Rally response
-6.62%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MGKVanguard Mega Cap Growth | $3.12B | 6.4% | — | 10.8 yr |
| MGVVanguard Mega Cap Value | $2.26B | 4.7% | — | 10.8 yr |
| VOOVanguard S&P 500 ETF | $2.22B | 4.6% | — | 10.8 yr |
| NVDANVIDIA Corporation | $1.02B | 2.1% | +60.9% | 10.8 yr |
| MINTPIMCO Enhanced Short Mat | $972M | 2.0% | — | 8.3 yr |
| VBRVanguard Small-Cap Value | $886M | 1.8% | — | 10.8 yr |
| VOEVanguard Mid-Cap Value E | $799M | 1.6% | — | 10.8 yr |
| IEFAiShares Core MSCI EAFE E | $795M | 1.6% | — | 10.8 yr |
| AAPLApple Inc. | $757M | 1.6% | +14.7% | 10.8 yr |
| MSFTMicrosoft Corporation | $749M | 1.5% | -0.6% | 10.8 yr |
| GOOGLAlphabet Inc. | $747M | 1.5% | — | 10.5 yr |
| IEMGiShares Core MSCI Emergi | $648M | 1.3% | — | 10.8 yr |
| GOVTiShares U.S. Treasury Bo | $600M | 1.2% | — | 10.8 yr |
| JNKState Street SPDR Bloomb | $562M | 1.2% | — | 7.0 yr |
| HYGiShares iBoxx $ High Yie | $552M | 1.1% | — | 10.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management50.8%-1.5pp$24.64B
Asset Management - Bonds10.0%-1.6pp$4.84B
Semiconductors5.3%+1.6pp$2.57B
Internet Content & Information3.0%+0.6pp$1.47B
Asset Management - Leveraged2.3%+0.1pp$1.14B
Software - Infrastructure1.9%-0.1pp$916M
Consumer Electronics1.8%+0.2pp$893M
Telecommunications Services1.3%-0.2pp$652M
Biotechnology1.3%+0.3pp$626M
Financial - Credit Services1.2%+0.2pp$579M
Country
US96.0%-1.2pp
GB0.6%+0.3pp
CA0.5%+0.2pp
BM0.5%-0.3pp
TW0.4%+0.2pp
IE0.4%+0.1pp
Unknown0.3%+0.1pp
BR0.2%+0.1pp
Top 5: 19.8% · Top 10: 28.0% · Top 25: 44.5%
Top buys this quarter · 15
| EIX Edison International | +$106M |
| MU Micron Technology, Inc. | +$100M |
| NXT Nextpower Inc. | +$50M |
| MSFT Microsoft Corporation | +$749M |
| LRCX Lam Research Corporation | +$42M |
| AZN AstraZeneca PLCnew | +$38M |
| META Meta Platforms, Inc. | +$542M |
| AON Aon plc | +$22M |
| APH Amphenol Corporation | +$20M |
| AAPL Apple Inc. | +$757M |
Top sells this quarter · 15
| VST Vistra Corp. | −$129M |
| PFE Pfizer Inc. | −$49M |
| BLDR Builders FirstSource, Inc. | −$47M |
| PHM PulteGroup, Inc. | −$16M |
| ORCL Oracle Corporation | −$16M |
| ANET Arista Networks, Inc. | −$15M |
| WBD Warner Bros. Discovery, Inc. | −$14M |
| VRTX Vertex Pharmaceuticals Incorpo | −$14M |
| BAC Bank of America Corporation | −$14M |
| KMX CarMax, Inc. | −$14M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $48.53B | 3412 | +17.49% | +17.59% | -0.10% | +2.15B |
| 2025-12-31 | $48.53B | 3341 | +17.87% | +17.72% | +0.16% | +1.92B |
| 2025-09-30 | $46.11B | 3158 | +16.90% | +17.52% | -0.62% | +0.85B |
| 2025-06-30 | $41.87B | 2976 | +16.40% | +14.94% | +1.46% | +1.41B |
| 2025-03-31 | $35.96B | 2596 | +5.16% | +8.30% | -3.14% | +1.07B |
| 2024-12-31 | $36.39B | 2569 | +21.27% | +24.89% | -3.62% | +1.80B |
| 2024-09-30 | $34.50B | 2233 | +34.92% | +36.04% | -1.12% | +0.10B |
| 2024-06-30 | $31.95B | 2079 | +21.53% | +24.49% | -2.96% | +1.11B |
| 2024-03-31 | $30.35B | 1906 | +26.40% | +29.62% | -3.22% | +0.14B |
| 2023-12-31 | $27.32B | 1823 | +19.39% | +26.18% | -6.79% | -0.20B |
| 2023-09-30 | $24.68B | 1727 | +17.37% | +21.57% | -4.20% | +0.23B |
| 2023-06-30 | $25.21B | 1546 | +14.77% | +19.42% | -4.65% | +0.03B |
| 2023-03-31 | $23.82B | 1570 | -6.07% | -7.82% | +1.75% | +0.07B |
| 2022-12-31 | $22.74B | 1571 | -14.21% | -18.17% | +3.97% | -0.21B |
| 2022-09-30 | $20.93B | 1492 | -13.10% | -15.51% | +2.41% | +0.24B |
| 2022-06-30 | $21.82B | 1452 | -7.82% | -10.62% | +2.80% | +1.48B |