Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-13.73%
trims when stocks drop
when a holding falls −10%+
Middle response
-16.65%
baseline attrition
Rally response
-19.89%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $910M | 6.0% | +60.9% | 5.8 yr |
| TSLATesla, Inc. | $705M | 4.7% | +43.4% | 6.0 yr |
| AMZNAmazon.com, Inc. | $615M | 4.1% | +9.5% | 8.5 yr |
| AAPLApple Inc. | $518M | 3.4% | +14.7% | 6.0 yr |
| FLGFlagstar Financial, Inc. | $457M | 3.0% | +13.7% | 1.8 yr |
| NFLXNetflix, Inc. | $440M | 2.9% | +3.1% | 7.5 yr |
| PLTRPalantir Technologies In | $396M | 2.6% | +73.3% | 1.8 yr |
| BRK-BBerkshire Hathaway Inc. | $367M | 2.4% | — | 5.5 yr |
| AMDAdvanced Micro Devices, | $330M | 2.2% | +98.0% | 5.8 yr |
| MSFTMicrosoft Corporation | $270M | 1.8% | -0.6% | 7.0 yr |
| TSMTaiwan Semiconductor Man | $242M | 1.6% | +105.6% | 3.0 yr |
| UNHUnitedHealth Group Incor | $189M | 1.3% | -46.9% | 4.0 yr |
| MUMicron Technology, Inc. | $169M | 1.1% | +289.6% | 4.3 yr |
| SPYState Street SPDR S&P 50 | $165M | 1.1% | +17.6% | 7.8 yr |
| — | $156M | 1.0% | — | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.6%-0.6pp$2.06B
Software - Infrastructure5.5%+2.7pp$827M
Unknown5.2%+1.8pp$790M
Auto - Manufacturers4.7%+0.9pp$714M
Entertainment4.7%+3.4pp$706M
Specialty Retail4.5%+1.6pp$682M
Banks - Regional4.2%+1.0pp$636M
Asset Management4.0%-1.2pp$607M
Biotechnology4.0%+1.0pp$598M
Consumer Electronics3.4%+0.7pp$520M
Country
US88.9%-1.8pp
Unknown5.2%+1.8pp
TW1.6%+0.3pp
CA1.5%+1.0pp
BM0.4%
GB0.4%-0.9pp
IE0.4%-0.5pp
KY0.3%+0.2pp
Top 5: 21.2% · Top 10: 33.1% · Top 25: 47.4%
Top buys this quarter · 15
| AAPL Apple Inc. | +$215M |
| TSM Taiwan Semiconductor Manufactu | +$170M |
| MU Micron Technology, Inc. | +$168M |
| WBD Warner Bros. Discovery, Inc. | +$130M |
| UNH UnitedHealth Group Incorporate | +$122M |
| ORCL Oracle Corporation | +$120M |
| PEN Penumbra, Inc.new | +$115M |
| ITGR Integer Holdings Corporationnew | +$88M |
| NFLX Netflix, Inc. | +$80M |
| WBS Webster Financial Corporation | +$79M |
Top sells this quarter · 15
| VRT Vertiv Holdings Co | −$240M |
| BP BP p.l.c. | −$204M |
| COST Costco Wholesale Corporation | −$192M |
| TGT Target Corporation | −$175M |
| AMD Advanced Micro Devices, Inc. | −$148M |
| HON Honeywell International Inc. | −$137M |
| WMT Walmart Inc. | −$132M |
| BA The Boeing Company | −$130M |
| EXAS Exact Sciences Corporationexit | −$116M |
| META Meta Platforms, Inc. | −$100M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $15.12B | 1248 | +27.18% | +17.59% | +9.59% | -0.47B |
| 2025-12-31 | $16.07B | 1004 | +25.72% | +17.72% | +8.00% | +1.38B |
| 2025-09-30 | $14.37B | 984 | +28.12% | +17.52% | +10.60% | -0.71B |
| 2025-06-30 | $13.66B | 914 | +21.92% | +14.94% | +6.98% | -2.44B |
| 2025-03-31 | $13.86B | 845 | +11.06% | +8.30% | +2.76% | +0.34B |
| 2024-12-31 | $14.09B | 668 | +29.12% | +24.89% | +4.24% | +0.93B |
| 2024-09-30 | $12.64B | 598 | +40.25% | +36.04% | +4.21% | +0.42B |
| 2024-06-30 | $11.62B | 606 | +29.97% | +24.49% | +5.48% | +0.78B |
| 2024-03-31 | $10.25B | 584 | +32.76% | +29.62% | +3.14% | -1.24B |
| 2023-12-31 | $10.30B | 579 | +32.09% | +26.18% | +5.91% | -0.33B |
| 2023-09-30 | $9.40B | 668 | +12.24% | +21.57% | -9.33% | +0.79B |
| 2023-06-30 | $8.84B | 726 | +25.95% | +19.42% | +6.53% | +0.37B |
| 2023-03-31 | $7.84B | 757 | +3.15% | -7.82% | +10.97% | -0.18B |
| 2022-12-31 | $7.22B | 889 | -9.23% | -18.17% | +8.94% | -0.73B |
| 2022-09-30 | $8.28B | 1144 | +48.64% | -15.51% | +64.15% | -1.34B |
| 2022-06-30 | $8.80B | 1236 | -11.53% | -16.11% | +4.58% | +4.22B |