Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+5.41%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.50%
steady accumulation
Rally response
-8.93%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $377M | 31.2% | — | 10.3 yr |
| LHXL3Harris Technologies, I | $37M | 3.1% | +67.7% | 3.0 yr |
| WFCWells Fargo & Company | $33M | 2.7% | +13.3% | 4.0 yr |
| GOOGLAlphabet Inc. | $32M | 2.7% | — | 8.5 yr |
| VVisa Inc. | $32M | 2.6% | -13.1% | 5.5 yr |
| DISThe Walt Disney Company | $31M | 2.5% | -1.3% | 2.5 yr |
| UNHUnitedHealth Group Incor | $30M | 2.4% | -46.9% | 1.8 yr |
| MDTMedtronic plc | $28M | 2.3% | -1.3% | 4.3 yr |
| BWABorgWarner Inc. | $27M | 2.2% | +92.1% | 3.8 yr |
| CRMSalesforce, Inc. | $27M | 2.2% | -30.2% | 1.5 yr |
| ADSKAutodesk, Inc. | $26M | 2.2% | -8.6% | 3.5 yr |
| HSICHenry Schein, Inc. | $26M | 2.2% | +7.6% | 4.8 yr |
| QQQMInvesco NASDAQ 100 ETF | $25M | 2.1% | — | 4.8 yr |
| BDXBecton, Dickinson and Co | $25M | 2.1% | +14.0% | 1.8 yr |
| MSFTMicrosoft Corporation | $23M | 1.9% | -0.6% | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management34.9%+0.2pp$423M
Internet Content & Information4.5%+0.5pp$54M
Software - Application4.4%+0.5pp$53M
Banks - Diversified4.2%-0.4pp$51M
Medical - Devices3.6%-0.5pp$43M
Medical - Distribution3.2%-1.0pp$39M
Aerospace & Defense3.1%+0.5pp$37M
Auto - Parts2.8%+0.3pp$34M
Financial - Credit Services2.8%-2.2pp$33M
Entertainment2.5%+0.0pp$31M
Country
US93.6%-1.1pp
IE3.1%-0.2pp
Unknown2.1%+0.9pp
BM1.0%+0.2pp
NL0.1%
DE0.1%
CH0.0%
Top 5: 42.2% · Top 10: 53.9% · Top 25: 77.7%
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$21M |
| ICLR ICON Public Limited Companynew | +$9M |
| V Visa Inc. | +$9M |
| WAT Waters Corporationnew | +$6M |
| WYNN Wynn Resorts, Limited | +$6M |
| META Meta Platforms, Inc. | +$4M |
| AWR American States Water Company | +$4M |
| ADSK Autodesk, Inc. | +$26M |
| DIS The Walt Disney Company | +$31M |
| ASML ASML Holding N.V.new | +$2M |
Top sells this quarter · 15
| LHX L3Harris Technologies, Inc. | −$14M |
| EA Electronic Arts Inc.exit | −$14M |
| GPN Global Payments Inc.exit | −$11M |
| KEYS Keysight Technologies, Inc. | −$8M |
| MKSI MKS Inc. | −$8M |
| SNX TD SYNNEX Corporationexit | −$3M |
| BWA BorgWarner Inc. | −$24M |
| GMED Globus Medical, Inc. | −$1M |
| DEO Diageo plcexit | −$1M |
| HSIC Henry Schein, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.21B | 84 | +5.23% | +17.59% | -12.36% | -0.04B |
| 2025-12-31 | $1.33B | 87 | +10.09% | +17.72% | -7.63% | -0.19B |
| 2025-09-30 | $1.48B | 72 | +7.28% | +17.52% | -10.23% | +0.01B |
| 2025-06-30 | $1.41B | 65 | +9.10% | +14.94% | -5.84% | -0.10B |
| 2025-03-31 | $1.44B | 75 | -0.66% | +8.30% | -8.96% | +0.09B |
| 2024-12-31 | $1.38B | 59 | +9.01% | +24.89% | -15.88% | -0.05B |
| 2024-09-30 | $1.43B | 60 | +23.53% | +36.04% | -12.51% | +0.19B |
| 2024-06-30 | $1.16B | 65 | +8.45% | +24.49% | -16.04% | +0.18B |
| 2024-03-31 | $1.03B | 64 | +22.45% | +29.62% | -7.17% | +0.05B |
| 2023-12-31 | $913M | 57 | +19.07% | +26.18% | -7.11% | +0.05B |
| 2023-09-30 | $757M | 58 | +13.76% | +21.57% | -7.80% | +0.04B |
| 2023-06-30 | $764M | 63 | +15.83% | +19.42% | -3.59% | +0.03B |
| 2023-03-31 | $681M | 59 | -6.28% | -7.82% | +1.53% | -0.01B |
| 2022-12-31 | $665M | 55 | -14.44% | -18.17% | +3.73% | +0.02B |
| 2022-09-30 | $596M | 53 | -12.43% | -15.51% | +3.08% | -0.13B |
| 2022-06-30 | $758M | 54 | -7.50% | -10.62% | +3.12% | +0.18B |