Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.47%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.35%
baseline attrition
Rally response
-0.71%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $61M | 6.6% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $52M | 5.6% | -0.6% | 10.3 yr |
| ABBVAbbVie Inc. | $39M | 4.2% | +7.3% | 10.5 yr |
| CSCOCisco Systems, Inc. | $35M | 3.8% | +28.1% | 10.5 yr |
| IRMIron Mountain Incorporat | $31M | 3.3% | +22.9% | 10.5 yr |
| EBAYeBay Inc. | $28M | 3.1% | +36.3% | 10.5 yr |
| ADPAutomatic Data Processin | $26M | 2.8% | -31.8% | 10.5 yr |
| ORLYO'Reilly Automotive, Inc | $25M | 2.7% | -3.4% | 10.5 yr |
| PHParker-Hannifin Corporat | $24M | 2.6% | +48.6% | 10.5 yr |
| XOMExxon Mobil Corporation | $23M | 2.5% | +47.6% | 10.3 yr |
| PGThe Procter & Gamble Com | $23M | 2.5% | -12.9% | 10.5 yr |
| VWOVanguard FTSE Emerging M | $21M | 2.3% | — | 10.5 yr |
| ABTAbbott Laboratories | $20M | 2.2% | -21.1% | 10.5 yr |
| IDXXIDEXX Laboratories, Inc. | $20M | 2.1% | +33.8% | 10.5 yr |
| WMTWalmart Inc. | $18M | 1.9% | +42.8% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management8.8%+1.3pp$81M
Drug Manufacturers - General8.5%+0.7pp$78M
Consumer Electronics6.6%+0.1pp$61M
Specialty Retail6.1%+0.1pp$56M
Software - Infrastructure5.7%-0.8pp$52M
Medical - Devices4.5%-1.4pp$41M
Communication Equipment3.8%+0.6pp$35M
Industrial - Machinery3.7%+0.6pp$34M
Oil & Gas Integrated3.7%+0.8pp$34M
Banks - Diversified3.5%+0.6pp$32M
Country
US98.2%-0.0pp
GB0.7%+0.0pp
CH0.4%-0.0pp
IE0.4%+0.0pp
CA0.3%+0.1pp
Top 5: 23.5% · Top 10: 37.3% · Top 25: 64.0%
Top buys this quarter · 15
| GWRE Guidewire Software, Inc.new | +$9M |
| TYL Tyler Technologies, Inc.new | +$9M |
| PYPL PayPal Holdings, Inc. | +$9M |
| PCOR Procore Technologies, Inc. | +$7M |
| AVGO Broadcom Inc.new | +$0M |
| NKE NIKE, Inc. | +$3M |
| GD General Dynamics Corporationnew | +$0M |
| LMT Lockheed Martin Corporationnew | +$0M |
| JNJ Johnson & Johnson | +$0M |
| NEE NextEra Energy, Inc. | +$0M |
Top sells this quarter · 15
| MSFT Microsoft Corporation | −$2M |
| AAPL Apple Inc. | −$2M |
| IRM Iron Mountain Incorporated | −$26M |
| PH Parker-Hannifin Corporation | −$1M |
| ORLY O'Reilly Automotive, Inc. | −$1M |
| IDXX IDEXX Laboratories, Inc. | −$1M |
| ABBV AbbVie Inc. | −$1M |
| PGR The Progressive Corporation | −$0M |
| WMT Walmart Inc. | −$16M |
| LRCX Lam Research Corporation | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $923M | 192 | +11.65% | +17.59% | -5.94% | +0.01B |
| 2025-12-31 | $936M | 185 | +13.97% | +17.72% | -3.75% | -0.02B |
| 2025-09-30 | $955M | 189 | +13.20% | +17.52% | -4.31% | -0.02B |
| 2025-06-30 | $918M | 203 | +15.61% | +14.94% | +0.67% | -0.03B |
| 2025-03-31 | $888M | 206 | +8.68% | +8.30% | +0.38% | -0.02B |
| 2024-12-31 | $907M | 206 | +17.75% | +24.89% | -7.13% | -0.00B |
| 2024-09-30 | $914M | 210 | +29.60% | +36.04% | -6.44% | -0.01B |
| 2024-06-30 | $850M | 204 | +13.92% | +24.49% | -10.57% | -0.02B |
| 2024-03-31 | $868M | 204 | +17.43% | +29.62% | -12.19% | -0.01B |
| 2023-12-31 | $813M | 197 | +12.80% | +26.18% | -13.38% | -0.02B |
| 2023-09-30 | $762M | 188 | +15.29% | +21.57% | -6.28% | +0.00B |
| 2023-06-30 | $795M | 187 | +12.64% | +19.42% | -6.79% | -0.01B |
| 2023-03-31 | $772M | 189 | -4.83% | -7.82% | +2.99% | +0.00B |
| 2022-12-31 | $743M | 184 | +11.73% | +7.56% | +4.17% | +0.01B |
| 2022-09-30 | $655M | 172 | -6.49% | -4.93% | -1.57% | +0.04B |
| 2022-06-30 | $656M | 180 | -12.33% | -16.11% | +3.78% | -0.05B |