Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.93%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.07%
steady accumulation
Rally response
-0.84%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGLAlphabet Inc. | $73M | 4.8% | — | 10.5 yr |
| MSFTMicrosoft Corporation | $72M | 4.8% | -0.6% | 10.5 yr |
| AAPLApple Inc. | $61M | 4.0% | +14.7% | 10.5 yr |
| AMZNAmazon.com, Inc. | $59M | 3.9% | +9.5% | 10.3 yr |
| AMATApplied Materials, Inc. | $58M | 3.9% | +137.6% | 9.0 yr |
| SCHWThe Charles Schwab Corpo | $57M | 3.8% | +21.5% | 9.5 yr |
| NEENextEra Energy, Inc. | $56M | 3.7% | +34.9% | 9.8 yr |
| LINLinde plc | $53M | 3.5% | +7.9% | 3.3 yr |
| VVisa Inc. | $53M | 3.5% | -13.1% | 10.5 yr |
| WCNWaste Connections, Inc. | $51M | 3.4% | -16.2% | 8.3 yr |
| AVGOBroadcom Inc. | $48M | 3.2% | +86.0% | 8.3 yr |
| NVDANVIDIA Corporation | $44M | 2.9% | +60.9% | 4.8 yr |
| METAMeta Platforms, Inc. | $43M | 2.9% | -0.4% | 10.0 yr |
| TSMTaiwan Semiconductor Man | $41M | 2.7% | +105.6% | 9.0 yr |
| WABWestinghouse Air Brake T | $40M | 2.7% | +38.5% | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.6%+10.0pp$204M
Asset Management8.9%+2.6pp$133M
Internet Content & Information8.8%+0.1pp$132M
Software - Infrastructure6.3%+0.2pp$95M
Financial - Credit Services5.8%-1.6pp$87M
Financial - Capital Markets4.7%+0.5pp$70M
Chemicals - Specialty4.2%+3.4pp$63M
Specialty Retail4.2%-0.7pp$63M
Consumer Electronics4.0%-0.0pp$61M
Medical - Devices4.0%+0.8pp$60M
Country
US88.7%-7.8pp
GB3.5%+3.5pp
CA3.5%+0.9pp
TW2.7%+2.7pp
IE0.7%+0.1pp
CN0.1%+0.1pp
BM0.1%+0.1pp
NL0.1%+0.1pp
Top 5: 21.4% · Top 10: 39.4% · Top 25: 74.4%
Top buys this quarter · 15
| FLS Flowserve Corporationnew | +$26M |
| LIN Linde plc | +$26M |
| BSX Boston Scientific Corporation | +$16M |
| ORCL Oracle Corporation | +$9M |
| SPGI S&P Global Inc. | +$7M |
| WCN Waste Connections, Inc. | +$7M |
| ABT Abbott Laboratories | +$7M |
| APO Apollo Global Management, Inc. | +$7M |
| SCI Service Corporation Internatio | +$6M |
| A Agilent Technologies, Inc. | +$3M |
Top sells this quarter · 15
| INTU Intuit Inc.exit | −$22M |
| ADSK Autodesk, Inc. | −$20M |
| HQY HealthEquity, Inc. | −$16M |
| PAYC Paycom Software, Inc.exit | −$14M |
| CSGP CoStar Group, Inc.exit | −$14M |
| GOOG Alphabet Inc. | −$10M |
| AXP American Express Company | −$8M |
| DE Deere & Companyexit | −$7M |
| ROP Roper Technologies, Inc.exit | −$4M |
| MAR Marriott International, Inc. | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.50B | 225 | +4.53% | +17.59% | -13.06% | +0.05B |
| 2025-12-31 | $1.57B | 201 | +8.49% | +17.72% | -9.23% | +0.02B |
| 2025-09-30 | $1.54B | 199 | +10.79% | +17.52% | -6.72% | -0.07B |
| 2025-06-30 | $1.56B | 205 | +16.57% | +14.94% | +1.63% | +0.00B |
| 2025-03-31 | $1.43B | 203 | +7.03% | +8.30% | -1.28% | -0.06B |
| 2024-12-31 | $1.55B | 209 | +19.29% | +24.89% | -5.60% | -0.03B |
| 2024-09-30 | $1.53B | 211 | +31.73% | +36.04% | -4.30% | -0.01B |
| 2024-06-30 | $1.43B | 200 | +18.50% | +24.49% | -5.99% | -0.04B |
| 2024-03-31 | $1.46B | 199 | +28.78% | +29.62% | -0.84% | +0.00B |
| 2023-12-31 | $1.37B | 196 | +28.77% | +26.18% | +2.59% | -0.05B |
| 2023-09-30 | $1.25B | 193 | +18.64% | +21.57% | -2.93% | -0.05B |
| 2023-06-30 | $1.33B | 185 | +15.91% | +19.42% | -3.52% | -0.04B |
| 2023-03-31 | $1.26B | 180 | -9.70% | -7.82% | -1.88% | +0.03B |
| 2022-12-31 | $1.16B | 174 | -19.35% | -18.17% | -1.18% | -0.05B |
| 2022-09-30 | $1.15B | 166 | -14.64% | -15.51% | +0.87% | -0.03B |
| 2022-06-30 | $1.24B | 183 | -9.45% | -10.62% | +1.17% | -0.04B |