Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.29%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.30%
steady accumulation
Rally response
-4.67%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MSFTMicrosoft Corporation | $56M | 8.2% | -0.6% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $48M | 7.0% | +21.8% | 10.5 yr |
| AAPLApple Inc. | $46M | 6.7% | +14.7% | 9.8 yr |
| COSTCostco Wholesale Corpora | $33M | 4.8% | +5.9% | 10.5 yr |
| JNJJohnson & Johnson | $22M | 3.2% | +51.5% | 10.5 yr |
| GOOGLAlphabet Inc. | $20M | 2.9% | — | 10.3 yr |
| CVXChevron Corporation | $16M | 2.4% | +29.2% | 10.5 yr |
| IBMInternational Business M | $16M | 2.4% | -0.1% | 10.5 yr |
| HONHoneywell International | $16M | 2.3% | +9.0% | 10.5 yr |
| CCitigroup Inc. | $16M | 2.3% | +63.9% | 10.5 yr |
| COPConocoPhillips | $15M | 2.2% | +30.0% | 10.5 yr |
| PNCThe PNC Financial Servic | $15M | 2.2% | +22.7% | 10.5 yr |
| UNPUnion Pacific Corporatio | $14M | 2.1% | +5.1% | 10.5 yr |
| BACBank of America Corporat | $14M | 2.0% | +19.4% | 9.8 yr |
| CSCOCisco Systems, Inc. | $14M | 2.0% | +28.1% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Banks - Diversified13.2%+0.6pp$91M
Drug Manufacturers - General8.4%+1.0pp$57M
Software - Infrastructure8.2%-1.7pp$56M
Consumer Electronics6.7%-0.3pp$46M
Discount Stores6.4%-0.4pp$44M
Oil & Gas Integrated4.4%+0.5pp$30M
Internet Content & Information3.8%+1.3pp$26M
Aerospace & Defense3.4%+0.4pp$23M
Railroads3.2%-0.2pp$22M
Semiconductors2.7%+0.2pp$19M
Country
US91.9%+0.1pp
IE2.4%-0.1pp
CH2.0%-0.2pp
Unknown1.6%+0.1pp
GB0.6%+0.1pp
BM0.5%+0.0pp
NL0.4%-0.1pp
CA0.3%+0.0pp
Top 5: 29.8% · Top 10: 42.0% · Top 25: 68.0%
Top buys this quarter · 15
| PFE Pfizer Inc. | +$1M |
| T AT&T Inc. | +$1M |
| AMZN Amazon.com, Inc. | +$6M |
| F-PD Ford Motor Company 6.500% Note | +$1M |
| META Meta Platforms, Inc. | +$1M |
| GEHC GE HealthCare Technologies Inc | +$2M |
| AZN AstraZeneca PLCnew | +$0M |
| WAT Waters Corporationnew | +$0M |
| F-PC Ford Motor Company 6% Notes du | +$0M |
| V Visa Inc. | +$1M |
Top sells this quarter · 15
| GLW Corning Incorporated | −$9M |
| CVS CVS Health Corporation | −$1M |
| MSFT Microsoft Corporation | −$0M |
| MDT Medtronic plc | −$0M |
| AAPL Apple Inc. | −$0M |
| INTC Intel Corporation | −$0M |
| IBM International Business Machine | −$0M |
| CSCO Cisco Systems, Inc. | −$0M |
| SOLS Solstice Advanced Materials In | −$1M |
| JPM JPMorgan Chase & Co. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $685M | 379 | +19.24% | +17.59% | +1.65% | -0.01B |
| 2025-12-31 | $681M | 326 | +16.71% | +17.72% | -1.01% | -0.02B |
| 2025-09-30 | $686M | 327 | +14.60% | +17.52% | -2.92% | -0.01B |
| 2025-06-30 | $650M | 329 | +13.50% | +14.94% | -1.44% | -0.01B |
| 2025-03-31 | $619M | 329 | +8.51% | +8.30% | +0.20% | -0.03B |
| 2024-12-31 | $649M | 346 | +17.77% | +24.89% | -7.11% | -0.02B |
| 2024-09-30 | $671M | 356 | +31.13% | +36.04% | -4.90% | -0.02B |
| 2024-06-30 | $650M | 347 | +20.67% | +24.49% | -3.82% | -0.01B |
| 2024-03-31 | $647M | 356 | +25.16% | +29.62% | -4.46% | -0.02B |
| 2023-12-31 | $612M | 361 | +17.52% | +26.18% | -8.65% | -0.02B |
| 2023-09-30 | $568M | 371 | +17.00% | +21.57% | -4.57% | -0.02B |
| 2023-06-30 | $600M | 385 | +13.29% | +19.42% | -6.13% | -0.01B |
| 2023-03-31 | $576M | 398 | -6.81% | -7.82% | +1.01% | -0.02B |
| 2022-12-31 | $582M | 421 | +11.17% | +7.56% | +3.61% | -0.02B |
| 2022-09-30 | $538M | 419 | -5.76% | -4.93% | -0.83% | -0.00B |
| 2022-06-30 | $573M | 421 | -12.67% | -16.11% | +3.44% | -0.02B |