Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.18%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.67%
baseline attrition
Rally response
-8.26%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $490M | 5.3% | +60.9% | 9.3 yr |
| AAPLApple Inc. | $471M | 5.1% | +14.7% | 9.0 yr |
| MSFTMicrosoft Corporation | $349M | 3.8% | -0.6% | 10.5 yr |
| AMZNAmazon.com, Inc. | $242M | 2.6% | +9.5% | 9.3 yr |
| GOOGLAlphabet Inc. | $193M | 2.1% | — | 9.0 yr |
| GOOGAlphabet Inc. | $192M | 2.1% | +84.3% | 8.8 yr |
| AVGOBroadcom Inc. | $174M | 1.9% | +86.0% | 8.0 yr |
| METAMeta Platforms, Inc. | $161M | 1.7% | -0.4% | 9.3 yr |
| TSLATesla, Inc. | $121M | 1.3% | +43.4% | 8.8 yr |
| BRK-BBerkshire Hathaway Inc. | $113M | 1.2% | — | 9.3 yr |
| XOMExxon Mobil Corporation | $89M | 1.0% | +47.6% | 10.5 yr |
| LLYEli Lilly and Company | $87M | 0.9% | +12.2% | 10.0 yr |
| WELLWelltower Inc. | $83M | 0.9% | +31.2% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $79M | 0.9% | +21.8% | 9.3 yr |
| JNJJohnson & Johnson | $76M | 0.8% | +51.5% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors11.1%+3.6pp$1.02B
Internet Content & Information6.1%+1.1pp$561M
Software - Infrastructure5.6%-0.7pp$519M
Consumer Electronics5.1%-0.3pp$474M
Drug Manufacturers - General3.7%+0.0pp$344M
Specialty Retail3.3%-0.2pp$309M
REIT - Specialty2.6%-0.2pp$242M
Aerospace & Defense2.1%+0.3pp$190M
Software - Application2.0%-0.3pp$187M
Banks - Diversified1.9%-0.2pp$174M
Country
US96.7%-0.2pp
IE1.1%-0.1pp
Unknown0.6%+0.0pp
BM0.5%-0.0pp
GB0.4%-0.0pp
CH0.2%+0.0pp
SG0.1%+0.1pp
LU0.1%
Top 5: 18.9% · Top 10: 27.1% · Top 25: 37.7%
Top buys this quarter · 15
| VRT Vertiv Holdings Conew | +$10M |
| NVDA NVIDIA Corporation | +$490M |
| ADSK Autodesk, Inc. | +$8M |
| CDNS Cadence Design Systems, Inc. | +$8M |
| WMS Advanced Drainage Systems, Inc | +$8M |
| TIGO Millicom International Cellula | +$7M |
| PLTR Palantir Technologies Inc. | +$42M |
| SNDK Sandisk Corporation | +$7M |
| INTC Intel Corporation | +$7M |
| SNPS Synopsys, Inc. | +$6M |
Top sells this quarter · 15
| SLGN Silgan Holdings Inc. | −$5M |
| AEIS Advanced Energy Industries, In | −$5M |
| SOLS Solstice Advanced Materials In | −$5M |
| TTMI TTM Technologies, Inc. | −$4M |
| ARWR Arrowhead Pharmaceuticals, Inc | −$4M |
| CTRE CareTrust REIT, Inc. | −$3M |
| PNFP Pinnacle Financial Partners, Iexit | −$3M |
| TGNA TEGNA Inc.exit | −$3M |
| WFC Wells Fargo & Company | −$3M |
| IDCC InterDigital, Inc. | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $9.24B | 2188 | +16.76% | +17.59% | -0.83% | +0.09B |
| 2025-12-31 | $9.40B | 2200 | +14.66% | +17.72% | -3.06% | -0.57B |
| 2025-09-30 | $9.78B | 2077 | +13.77% | +17.52% | -3.75% | -0.29B |
| 2025-06-30 | $9.34B | 1579 | +13.31% | +14.94% | -1.63% | -0.27B |
| 2025-03-31 | $8.81B | 1577 | +4.73% | +8.30% | -3.57% | +0.26B |
| 2024-12-31 | $8.94B | 1583 | +17.29% | +24.89% | -7.59% | -0.57B |
| 2024-09-30 | $9.41B | 1596 | +30.31% | +36.04% | -5.72% | -0.16B |
| 2024-06-30 | $8.91B | 1601 | +16.58% | +24.49% | -7.92% | +0.06B |
| 2024-03-31 | $8.77B | 1594 | +22.84% | +29.62% | -6.78% | -0.21B |
| 2023-12-31 | $8.39B | 1598 | +21.67% | +26.18% | -4.51% | -0.49B |
| 2023-09-30 | $7.91B | 1606 | +16.23% | +21.57% | -5.34% | -0.15B |
| 2023-06-30 | $8.39B | 1616 | +14.47% | +19.42% | -4.96% | -0.58B |
| 2023-03-31 | $8.44B | 1623 | -7.83% | -7.82% | -0.01% | -0.09B |
| 2022-12-31 | $8.04B | 1625 | -17.13% | -18.17% | +1.05% | +0.06B |
| 2022-09-30 | $7.44B | 1633 | -14.20% | -15.51% | +1.31% | -0.29B |
| 2022-06-30 | $8.17B | 1626 | -8.82% | -10.62% | +1.80% | +0.04B |