Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.54%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.69%
steady accumulation
Rally response
+7.65%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $4.57B | 5.3% | +60.9% | 9.3 yr |
| AAPLApple Inc. | $4.49B | 5.3% | +14.7% | 10.3 yr |
| IVViShares Core S&P 500 ETF | $3.57B | 4.2% | — | 10.5 yr |
| VEAVanguard FTSE Developed | $2.28B | 2.7% | — | 10.5 yr |
| MSFTMicrosoft Corporation | $2.14B | 2.5% | -0.6% | 10.5 yr |
| AMZNAmazon.com, Inc. | $1.39B | 1.6% | +9.5% | 10.3 yr |
| AGGiShares Core U.S. Aggreg | $1.36B | 1.6% | — | 10.5 yr |
| GOOGLAlphabet Inc. | $1.34B | 1.6% | — | 10.5 yr |
| AVGOBroadcom Inc. | $1.10B | 1.3% | +86.0% | 8.0 yr |
| IJHiShares Core S&P Mid-Cap | $1.09B | 1.3% | — | 10.5 yr |
| VTVVanguard Value ETF | $993M | 1.2% | — | 10.5 yr |
| SPYState Street SPDR S&P 50 | $979M | 1.1% | +17.6% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $908M | 1.1% | +21.8% | 10.5 yr |
| IEFAiShares Core MSCI EAFE E | $882M | 1.0% | — | 10.5 yr |
| IUSBiShares Core Universal U | $875M | 1.0% | — | 5.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management40.3%-1.8pp$34.40B
Semiconductors8.6%+3.0pp$7.36B
Consumer Electronics5.3%-0.1pp$4.50B
Software - Infrastructure3.7%-0.1pp$3.19B
Internet Content & Information3.6%+1.0pp$3.07B
Asset Management - Bonds3.1%-0.4pp$2.69B
Drug Manufacturers - General3.0%-0.0pp$2.57B
Specialty Retail1.8%+0.1pp$1.57B
Banks - Diversified1.7%+0.1pp$1.45B
Discount Stores1.4%+0.2pp$1.23B
Country
US96.7%-0.4pp
IE0.7%-0.0pp
GB0.7%+0.2pp
CA0.4%-0.1pp
Unknown0.2%+0.0pp
TW0.2%+0.1pp
CH0.2%+0.0pp
NL0.1%+0.1pp
Top 5: 19.9% · Top 10: 27.3% · Top 25: 40.9%
Top buys this quarter · 15
| APO Apollo Global Management, Inc. | +$247M |
| MSFT Microsoft Corporation | +$2.14B |
| SCHW The Charles Schwab Corporation | +$147M |
| BSX Boston Scientific Corporation | +$129M |
| NVDA NVIDIA Corporation | +$4.57B |
| FAST Fastenal Company | +$121M |
| AAPL Apple Inc. | +$4.49B |
| PLTR Palantir Technologies Inc. | +$104M |
| NFLX Netflix, Inc. | +$100M |
| AMZN Amazon.com, Inc. | +$1.39B |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $85.47B | 3505 | +18.36% | +17.59% | +0.77% | +4.88B |
| 2025-12-31 | $83.86B | 3489 | +16.33% | +17.72% | -1.38% | +5.24B |
| 2025-09-30 | $77.29B | 3510 | +17.32% | +17.52% | -0.19% | +1.59B |
| 2025-06-30 | $69.21B | 3438 | +14.13% | +14.94% | -0.81% | +2.76B |
| 2025-03-31 | $60.03B | 3399 | +6.17% | +8.30% | -2.14% | +3.84B |
| 2024-12-31 | $59.49B | 3349 | +19.85% | +24.89% | -5.03% | +1.73B |
| 2024-09-30 | $56.31B | 3254 | +29.57% | +36.04% | -6.47% | +1.47B |
| 2024-06-30 | $51.53B | 3131 | +17.21% | +24.49% | -7.28% | +1.79B |
| 2024-03-31 | $48.31B | 3103 | +22.66% | +29.62% | -6.96% | +3.39B |
| 2023-12-31 | $42.12B | 3018 | +21.58% | +26.18% | -4.60% | +0.82B |
| 2023-09-30 | $37.24B | 2868 | +18.69% | +21.57% | -2.88% | +1.26B |
| 2023-06-30 | $37.38B | 2802 | +17.36% | +19.42% | -2.06% | +0.34B |
| 2023-03-31 | $34.37B | 2754 | -6.34% | -7.82% | +1.48% | +1.53B |
| 2022-12-31 | $31.08B | 2709 | -15.47% | -18.17% | +2.70% | +4.03B |
| 2022-09-30 | $24.99B | 2413 | -13.28% | -15.51% | +2.22% | +1.84B |
| 2022-06-30 | $24.32B | 1364 | -8.38% | -10.62% | +2.24% | +1.57B |