Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.00%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.56%
steady accumulation
Rally response
+2.20%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $62.24B | 6.7% | +53.6% | 11.0 yr |
| AAPLApple Inc. | $52.27B | 5.6% | +17.3% | 11.0 yr |
| MSFTMicrosoft Corporation | $50.66B | 5.4% | +13.4% | 11.0 yr |
| AMZNAmazon.com, Inc. | $32.87B | 3.5% | +23.9% | 11.0 yr |
| GOOGLAlphabet Inc. | $30.53B | 3.3% | — | 10.0 yr |
| AVGOBroadcom Inc. | $24.25B | 2.6% | +103.0% | 7.5 yr |
| METAMeta Platforms, Inc. | $22.15B | 2.4% | +15.8% | 11.0 yr |
| GOOGAlphabet Inc. | $18.09B | 1.9% | +88.6% | 10.0 yr |
| TSLATesla, Inc. | $17.13B | 1.8% | +71.9% | 11.0 yr |
| LLYEli Lilly and Company | $12.98B | 1.4% | +22.4% | 11.0 yr |
| JPMJPMorgan Chase & Co. | $11.40B | 1.2% | +57.0% | 11.0 yr |
| BRK-ABerkshire Hathaway Inc. | $7.78B | 0.8% | — | 11.0 yr |
| XOMExxon Mobil Corporation | $7.63B | 0.8% | +7.3% | 11.0 yr |
| JNJJohnson & Johnson | $6.92B | 0.7% | +32.7% | 11.0 yr |
| MAMastercard Incorporated | $6.71B | 0.7% | +16.4% | 11.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.1%+3.5pp$122.13B
Internet Content & Information7.9%+2.0pp$73.72B
Software - Infrastructure7.7%+0.4pp$71.96B
Consumer Electronics5.6%-0.3pp$52.46B
Specialty Retail4.4%+0.1pp$41.08B
Banks - Diversified4.4%+0.3pp$40.77B
Drug Manufacturers - General4.2%-0.2pp$39.54B
Software - Application3.2%-0.0pp$29.83B
Auto - Manufacturers2.2%+0.7pp$20.29B
Financial - Credit Services2.1%-0.0pp$19.49B
Country
US91.7%+1.0pp
CA2.8%+0.4pp
IE1.4%-0.2pp
Unknown0.9%-0.7pp
CH0.8%-0.4pp
GB0.6%-0.2pp
IL0.3%+0.2pp
FR0.2%+0.2pp
Top 5: 24.5% · Top 10: 34.6% · Top 25: 44.9%
Top buys this quarter · 15
| GOOG Alphabet Inc. | +$10.48B |
| NFLX Netflix, Inc. | +$5.80B |
| AMZN Amazon.com, Inc. | +$4.00B |
| MU Micron Technology, Inc. | +$1.85B |
| TOTB.DE TotalEnergies SEnew | +$1.64B |
| NOW ServiceNow, Inc. | +$2.02B |
| NVDA NVIDIA Corporation | +$1.58B |
| MSFT Microsoft Corporation | +$1.57B |
| META Meta Platforms, Inc. | +$22.15B |
| BKNG Booking Holdings Inc. | +$1.22B |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2025-12-31 | $934.21B | 1574 | +18.99% | +11.59% | +7.41% | +53.20B |
| 2025-06-30 | $800.87B | 1702 | +15.33% | +14.94% | +0.38% | +8.16B |
| 2025-03-31 | $712.26B | 1738 | +5.42% | +8.30% | -2.88% | -15.03B |
| 2024-12-31 | $761.79B | 1840 | +18.96% | +24.89% | -5.93% | +33.29B |
| 2024-09-30 | $715.61B | 1832 | +31.62% | +36.04% | -4.42% | +2.25B |
| 2024-06-30 | $669.09B | 1924 | +18.81% | +24.49% | -5.69% | +24.65B |
| 2024-03-31 | $633.41B | 1879 | +25.66% | +29.62% | -3.96% | +17.13B |
| 2023-12-31 | $572.10B | 1935 | +25.61% | +26.18% | -0.57% | +17.16B |
| 2023-09-30 | $492.66B | 1959 | +17.69% | +21.57% | -3.88% | +5.17B |
| 2023-06-30 | $506.56B | 2001 | +16.49% | +19.42% | -2.93% | +15.02B |
| 2023-03-31 | $456.76B | 2081 | -8.46% | -7.82% | -0.64% | +10.19B |
| 2022-12-31 | $414.72B | 2124 | +5.54% | +7.56% | -2.03% | +17.96B |
| 2022-09-30 | $375.96B | 2082 | -4.74% | -4.93% | +0.19% | +7.65B |
| 2022-06-30 | $386.64B | 2045 | -15.44% | -16.11% | +0.67% | -1.14B |
| 2022-03-31 | $458.57B | 2155 | — | — | — | -27.55B |
| 2021-12-31 | $486.12B | 2197 | — | — | — | +34.37B |