Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+8.23%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.65%
steady accumulation
Rally response
-1.61%
trims into rallies
when a holding rises +10%+
Top positions · 27
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AMZNAmazon.com, Inc. | $336M | 9.1% | +9.5% | 8.3 yr |
| TSMTaiwan Semiconductor Man | $254M | 6.9% | +105.6% | 4.3 yr |
| GPGIGPGI, Inc. | $236M | 6.4% | +57.3% | 1.8 yr |
| LINLinde plc | $233M | 6.3% | +7.9% | 3.3 yr |
| NVDANVIDIA Corporation | $205M | 5.6% | +60.9% | 1.0 yr |
| MSFTMicrosoft Corporation | $194M | 5.3% | -0.6% | 9.0 yr |
| METAMeta Platforms, Inc. | $174M | 4.7% | -0.4% | 1.8 yr |
| VVisa Inc. | $163M | 4.4% | -13.1% | 7.8 yr |
| SPGIS&P Global Inc. | $160M | 4.4% | -15.6% | 6.8 yr |
| GEHCGE HealthCare Technologi | $151M | 4.1% | -11.7% | 2.5 yr |
| ESIElement Solutions Inc | $151M | 4.1% | +52.8% | 7.3 yr |
| GOOGLAlphabet Inc. | $150M | 4.1% | — | 8.8 yr |
| PCGPG&E Corporation | $145M | 3.9% | +2.9% | 4.0 yr |
| VRTVertiv Holdings Co | $135M | 3.7% | +247.5% | 6.3 yr |
| AAPLApple Inc. | $122M | 3.3% | +14.7% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Chemicals - Specialty12.6%-2.6pp$464M
Semiconductors12.5%+6.5pp$459M
Specialty Retail9.1%+3.6pp$336M
Internet Content & Information8.8%+5.2pp$324M
Manufacturing - Metal Fabrication6.4%+3.6pp$236M
Medical - Devices5.4%-1.8pp$199M
Software - Infrastructure5.3%-1.2pp$194M
Financial - Credit Services4.4%+1.6pp$163M
Financial - Data & Stock Exchanges4.4%+1.0pp$160M
Medical - Healthcare Information Services4.1%-0.8pp$151M
Country
US81.4%+4.7pp
TW6.9%+0.9pp
GB6.3%-1.4pp
IE2.4%-0.6pp
CA1.6%-1.7pp
Unknown1.4%-1.9pp
Top 5: 34.4% · Top 10: 57.4% · Top 25: 99.0%
Top buys this quarter · 10
| META Meta Platforms, Inc. | +$118M |
| AMZN Amazon.com, Inc. | +$94M |
| GPGI GPGI, Inc. | +$84M |
| V Visa Inc. | +$52M |
| NVDA NVIDIA Corporation | +$45M |
| SPGI S&P Global Inc. | +$160M |
| LLY Eli Lilly and Companynew | +$19M |
| REZI Resideo Technologies, Inc. | +$17M |
| ABT Abbott Laboratories | +$111M |
| TSM Taiwan Semiconductor Manufactu | +$3M |
Top sells this quarter · 15
| LIN Linde plc | −$94M |
| VRT Vertiv Holdings Co | −$77M |
| NKE NIKE, Inc.exit | −$68M |
| CRM Salesforce, Inc.exit | −$63M |
| SU Suncor Energy Inc. | −$59M |
| AXTA Axalta Coating Systems Ltd.exit | −$55M |
| NOW ServiceNow, Inc.exit | −$47M |
| APO Apollo Global Management, Inc.exit | −$38M |
| CSX CSX Corporation | −$26M |
| AAPL Apple Inc. | −$15M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.67B | 27 | +21.42% | +17.59% | +3.83% | -0.27B |
| 2025-12-31 | $3.99B | 32 | +15.68% | +17.72% | -2.03% | +0.19B |
| 2025-09-30 | $3.66B | 50 | +13.65% | +17.52% | -3.86% | +0.00B |
| 2025-06-30 | $3.39B | 49 | +12.80% | +14.94% | -2.14% | +0.25B |
| 2025-03-31 | $2.86B | 42 | +5.26% | +8.30% | -3.05% | +0.32B |
| 2024-12-31 | $2.70B | 37 | +28.37% | +24.89% | +3.48% | -0.21B |
| 2024-09-30 | $2.86B | 40 | +43.87% | +36.04% | +7.83% | -0.05B |
| 2024-06-30 | $2.71B | 37 | +33.32% | +24.49% | +8.82% | +0.11B |
| 2024-03-31 | $2.54B | 37 | +46.60% | +29.62% | +16.97% | -0.17B |
| 2023-12-31 | $2.36B | 37 | +35.44% | +26.18% | +9.26% | -0.04B |
| 2023-09-30 | $2.09B | 36 | +31.66% | +21.57% | +10.10% | +0.18B |
| 2023-06-30 | $1.93B | 36 | +26.40% | +19.42% | +6.98% | +0.12B |
| 2023-03-31 | $1.60B | 35 | -3.46% | -7.82% | +4.36% | +0.09B |
| 2022-12-31 | $1.43B | 37 | +11.07% | +7.56% | +3.51% | -0.02B |
| 2022-09-30 | $1.30B | 31 | -4.61% | -4.93% | +0.32% | -0.04B |
| 2022-06-30 | $1.40B | 35 | -13.99% | -16.11% | +2.12% | +0.05B |