Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.93%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.37%
steady accumulation
Rally response
-1.54%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| JNJJohnson & Johnson | $266M | 4.6% | +51.5% | 10.5 yr |
| AVGOBroadcom Inc. | $255M | 4.4% | +86.0% | 7.8 yr |
| ABBVAbbVie Inc. | $239M | 4.1% | +7.3% | 10.5 yr |
| AFLAflac Incorporated | $236M | 4.1% | +0.8% | 10.5 yr |
| CMECME Group Inc. | $236M | 4.1% | +15.6% | 10.5 yr |
| MDTMedtronic plc | $235M | 4.0% | -1.3% | 0.8 yr |
| MSFTMicrosoft Corporation | $227M | 3.9% | -0.6% | 10.5 yr |
| EMREmerson Electric Co. | $227M | 3.9% | +21.5% | 3.8 yr |
| TXNTexas Instruments Incorp | $224M | 3.9% | +11.4% | 4.8 yr |
| PEPPepsiCo, Inc. | $223M | 3.9% | +7.7% | 6.3 yr |
| CSCOCisco Systems, Inc. | $222M | 3.8% | +28.1% | 10.5 yr |
| KOThe Coca-Cola Company | $220M | 3.8% | +9.3% | 5.8 yr |
| ETNEaton Corporation plc | $214M | 3.7% | +33.2% | 0.8 yr |
| MDLZMondelez International, | $200M | 3.4% | -13.0% | 7.5 yr |
| ITWIllinois Tool Works Inc. | $198M | 3.4% | +6.9% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Industrial - Machinery14.1%+2.5pp$820M
Semiconductors12.9%+1.4pp$751M
Drug Manufacturers - General8.7%-0.4pp$505M
Beverages - Non-Alcoholic7.7%-0.2pp$444M
Financial - Data & Stock Exchanges4.9%-1.2pp$286M
Insurance - Life4.1%-0.2pp$236M
Medical - Devices4.1%+4.0pp$235M
Software - Infrastructure3.9%-0.1pp$227M
Communication Equipment3.8%-0.7pp$222M
Food Confectioners3.4%-0.5pp$200M
Country
US88.7%-8.9pp
IE8.0%
CA1.6%+0.6pp
TW1.3%+0.0pp
Unknown0.2%
NL0.2%
CN0.2%-0.0pp
GB0.0%
Top 5: 21.3% · Top 10: 40.8% · Top 25: 80.1%
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$227M |
| PAYX Paychex, Inc. | +$181M |
| AJG Arthur J. Gallagher & Co. | +$195M |
| OTIS Otis Worldwide Corporation | +$181M |
| NFLX Netflix, Inc. | +$14M |
| ACM Aecom | +$10M |
| ROP Roper Technologies, Inc. | +$49M |
| CRM Salesforce, Inc. | +$46M |
| XOM Exxon Mobil Corporation | +$7M |
| VLO Valero Energy Corporation | +$6M |
Top sells this quarter · 15
| JNJ Johnson & Johnson | −$60M |
| CME CME Group Inc. | −$56M |
| AMAT Applied Materials, Inc. | −$30M |
| LRCX Lam Research Corporation | −$30M |
| TSM Taiwan Semiconductor Manufactu | −$21M |
| KLAC KLA Corporation | −$17M |
| ABBV AbbVie Inc. | −$16M |
| AFL Aflac Incorporated | −$16M |
| EMR Emerson Electric Co. | −$15M |
| PEP PepsiCo, Inc. | −$221M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $5.80B | 143 | +10.70% | +17.59% | -6.90% | -0.32B |
| 2025-12-31 | $6.16B | 146 | +13.31% | +17.72% | -4.41% | -0.08B |
| 2025-09-30 | $6.28B | 127 | +12.15% | +17.52% | -5.36% | +0.43B |
| 2025-06-30 | $5.59B | 103 | +15.81% | +14.94% | +0.87% | +0.04B |
| 2025-03-31 | $5.19B | 103 | +8.16% | +8.30% | -0.14% | -0.22B |
| 2024-12-31 | $5.32B | 106 | +14.46% | +24.89% | -10.42% | +0.12B |
| 2024-09-30 | $5.28B | 106 | +22.96% | +36.04% | -13.07% | +0.05B |
| 2024-06-30 | $4.85B | 105 | +11.18% | +24.49% | -13.31% | +0.04B |
| 2024-03-31 | $4.81B | 109 | +14.68% | +29.62% | -14.95% | -0.11B |
| 2023-12-31 | $4.57B | 109 | +10.53% | +26.18% | -15.65% | -0.03B |
| 2023-09-30 | $4.35B | 110 | +17.74% | +21.57% | -3.83% | +0.14B |
| 2023-06-30 | $4.31B | 111 | +17.75% | +19.42% | -1.67% | +0.25B |
| 2023-03-31 | $3.94B | 110 | +0.63% | -7.82% | +8.45% | +0.25B |
| 2022-12-31 | $3.56B | 111 | +12.78% | +7.56% | +5.22% | +0.25B |
| 2022-09-30 | $2.93B | 112 | -2.39% | -4.93% | +2.54% | +0.45B |
| 2022-06-30 | $2.54B | 108 | -11.84% | -16.11% | +4.27% | +0.17B |