Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.15%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.29%
baseline attrition
Rally response
+0.06%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MSFTMicrosoft Corporation | $1.34B | 5.7% | -0.6% | 10.5 yr |
| GOOGLAlphabet Inc. | $1.20B | 5.1% | — | 10.5 yr |
| AMZNAmazon.com, Inc. | $1.08B | 4.6% | +9.5% | 10.5 yr |
| NVDANVIDIA Corporation | $1.05B | 4.5% | +60.9% | 9.5 yr |
| VVisa Inc. | $959M | 4.1% | -13.1% | 10.5 yr |
| AAPLApple Inc. | $832M | 3.6% | +14.7% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $799M | 3.4% | +21.8% | 10.5 yr |
| TMOThermo Fisher Scientific | $469M | 2.0% | -0.9% | 9.0 yr |
| BRK-BBerkshire Hathaway Inc. | $469M | 2.0% | — | 10.5 yr |
| KOThe Coca-Cola Company | $457M | 2.0% | +9.3% | 10.5 yr |
| GOOGAlphabet Inc. | $452M | 1.9% | +84.3% | 10.5 yr |
| APHAmphenol Corporation | $390M | 1.7% | +93.6% | 10.0 yr |
| METAMeta Platforms, Inc. | $386M | 1.7% | -0.4% | 10.5 yr |
| LLYEli Lilly and Company | $384M | 1.6% | +12.2% | 10.5 yr |
| AVGOBroadcom Inc. | $351M | 1.5% | +86.0% | 7.3 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information8.7%+2.5pp$2.04B
Semiconductors8.4%+4.4pp$1.96B
Software - Infrastructure6.8%-0.4pp$1.60B
Financial - Credit Services5.9%-1.5pp$1.38B
Specialty Retail5.9%-0.3pp$1.37B
Banks - Diversified4.6%+0.2pp$1.08B
Medical - Devices3.6%-1.1pp$843M
Consumer Electronics3.6%+0.5pp$838M
Software - Application3.3%-3.0pp$776M
Asset Management3.3%+0.5pp$769M
Country
US88.3%-2.3pp
IE2.3%-0.2pp
GB2.2%+0.2pp
CA2.1%+0.3pp
TW1.5%+0.9pp
FR1.2%+1.2pp
Unknown1.0%-0.6pp
CH0.4%-0.1pp
Top 5: 24.1% · Top 10: 37.0% · Top 25: 57.5%
Top buys this quarter · 15
| TOTB.DE TotalEnergies SEnew | +$252M |
| SUNB Sunbelt Rentals Holdings Incnew | +$149M |
| CRWD CrowdStrike Holdings, Inc. | +$65M |
| MSI Motorola Solutions, Inc. | +$61M |
| FCX Freeport-McMoRan Inc. | +$60M |
| NVDA NVIDIA Corporation | +$1.05B |
| AVGO Broadcom Inc. | +$51M |
| PH Parker-Hannifin Corporation | +$44M |
| NFLX Netflix, Inc. | +$43M |
| CAT Caterpillar Inc. | +$42M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $23.41B | 643 | +7.23% | +17.59% | -10.36% | +0.32B |
| 2025-12-31 | $25.26B | 628 | +14.45% | +17.72% | -3.26% | +0.13B |
| 2025-09-30 | $24.63B | 639 | +14.43% | +17.52% | -3.08% | +0.53B |
| 2025-06-30 | $23.19B | 627 | +15.56% | +14.94% | +0.61% | +0.29B |
| 2025-03-31 | $20.69B | 603 | +4.88% | +8.30% | -3.42% | +0.54B |
| 2024-12-31 | $20.66B | 609 | +15.97% | +24.89% | -8.92% | +0.44B |
| 2024-09-30 | $19.82B | 605 | +28.91% | +36.04% | -7.13% | +0.55B |
| 2024-06-30 | $18.36B | 616 | +16.73% | +24.49% | -7.76% | +0.96B |
| 2024-03-31 | $17.33B | 613 | +25.69% | +29.62% | -3.93% | +0.59B |
| 2023-12-31 | $15.52B | 615 | +23.28% | +26.18% | -2.90% | -0.12B |
| 2023-09-30 | $13.79B | 632 | +18.91% | +21.57% | -2.65% | +3.61B |
| 2023-06-30 | $10.72B | 411 | +18.91% | +19.42% | -0.51% | +0.14B |
| 2023-03-31 | $9.78B | 412 | -7.74% | -7.82% | +0.08% | +0.38B |
| 2022-12-31 | $8.88B | 422 | -16.82% | -18.17% | +1.36% | +0.02B |
| 2022-09-30 | $8.11B | 415 | -15.55% | -15.51% | -0.04% | -0.18B |
| 2022-06-30 | $8.72B | 427 | -10.61% | -10.62% | +0.01% | +0.50B |