Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.66%
trims when stocks drop
when a holding falls −10%+
Middle response
+4.28%
steady accumulation
Rally response
-8.70%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $3.31B | 8.3% | +60.9% | 10.3 yr |
| AAPLApple Inc. | $2.32B | 5.8% | +14.7% | 10.3 yr |
| MSFTMicrosoft Corporation | $2.21B | 5.5% | -0.6% | 10.3 yr |
| GOOGAlphabet Inc. | $1.96B | 4.9% | +84.3% | 10.3 yr |
| AMZNAmazon.com, Inc. | $1.37B | 3.4% | +9.5% | 10.3 yr |
| AVGOBroadcom Inc. | $1.19B | 3.0% | +86.0% | 7.8 yr |
| METAMeta Platforms, Inc. | $841M | 2.1% | -0.4% | 10.3 yr |
| JPMJPMorgan Chase & Co. | $672M | 1.7% | +21.8% | 10.3 yr |
| LLYEli Lilly and Company | $530M | 1.3% | +12.2% | 10.3 yr |
| TSLATesla, Inc. | $428M | 1.1% | +43.4% | 10.3 yr |
| BACBank of America Corporat | $403M | 1.0% | +19.4% | 10.3 yr |
| CCitigroup Inc. | $398M | 1.0% | +63.9% | 10.3 yr |
| GILDGilead Sciences, Inc. | $373M | 0.9% | +27.7% | 10.3 yr |
| LRCXLam Research Corporation | $333M | 0.8% | +196.1% | 1.5 yr |
| JNJJohnson & Johnson | $310M | 0.8% | +51.5% | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors15.9%+6.6pp$6.33B
Internet Content & Information8.1%+1.1pp$3.21B
Software - Infrastructure7.5%-0.3pp$3.00B
Consumer Electronics5.9%+1.6pp$2.33B
Drug Manufacturers - General5.4%+0.3pp$2.16B
Specialty Retail4.6%+0.5pp$1.84B
Banks - Diversified4.3%+0.8pp$1.71B
Software - Application3.2%-1.6pp$1.29B
Financial - Credit Services2.3%-1.1pp$926M
Hardware, Equipment & Parts1.9%+1.5pp$772M
Country
US93.9%-1.2pp
IE1.7%+0.4pp
GB1.3%+0.0pp
SG0.6%+0.5pp
Unknown0.5%-0.0pp
CH0.4%+0.3pp
CN0.3%+0.0pp
AU0.2%-0.0pp
Top 5: 28.0% · Top 10: 37.2% · Top 25: 48.3%
Top buys this quarter · 15
| AAPL Apple Inc. | +$530M |
| NVDA NVIDIA Corporation | +$355M |
| KMB Kimberly-Clark Corporation | +$134M |
| MSFT Microsoft Corporation | +$2.21B |
| LRCX Lam Research Corporation | +$125M |
| FLEX Flex Ltd. | +$109M |
| TER Teradyne, Inc. | +$96M |
| TEAM Atlassian Corporation | +$93M |
| INTC Intel Corporation | +$82M |
| ADP Automatic Data Processing, Inc | +$75M |
Top sells this quarter · 15
| GOOG Alphabet Inc. | −$546M |
| NFLX Netflix, Inc. | −$283M |
| JNJ Johnson & Johnson | −$251M |
| AMZN Amazon.com, Inc. | −$205M |
| V Visa Inc. | −$165M |
| STX Seagate Technology Holdings pl | −$154M |
| MU Micron Technology, Inc. | −$145M |
| META Meta Platforms, Inc. | −$142M |
| ABT Abbott Laboratories | −$137M |
| JPM JPMorgan Chase & Co. | −$129M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $39.86B | 1850 | +15.68% | +17.59% | -1.91% | -1.26B |
| 2025-12-31 | $43.85B | 1725 | +16.40% | +17.72% | -1.31% | +0.91B |
| 2025-09-30 | $41.70B | 1724 | +15.56% | +17.52% | -1.95% | +1.78B |
| 2025-06-30 | $37.02B | 1708 | +11.82% | +14.94% | -3.12% | +1.24B |
| 2025-03-31 | $32.20B | 1811 | +2.30% | +8.30% | -6.00% | -2.03B |
| 2024-12-31 | $36.28B | 1756 | +17.23% | +24.89% | -7.65% | +2.46B |
| 2024-09-30 | $33.08B | 1758 | +28.77% | +36.04% | -7.27% | -1.44B |
| 2024-06-30 | $33.08B | 1765 | +17.26% | +24.49% | -7.23% | +1.10B |
| 2024-03-31 | $31.46B | 1772 | +24.06% | +29.62% | -5.56% | +0.98B |
| 2023-12-31 | $28.19B | 1791 | +23.78% | +26.18% | -2.40% | +0.67B |
| 2023-09-30 | $24.51B | 1887 | +17.48% | +21.57% | -4.09% | +1.42B |
| 2023-06-30 | $24.30B | 1414 | +19.03% | +19.42% | -0.40% | -1.02B |
| 2023-03-31 | $23.54B | 1435 | -6.92% | -7.82% | +0.90% | +1.15B |
| 2022-12-31 | $20.75B | 1516 | -15.72% | -18.17% | +2.46% | +0.26B |
| 2022-09-30 | $19.22B | 1474 | -12.16% | -15.51% | +3.35% | -0.06B |
| 2022-06-30 | $20.03B | 1473 | -8.24% | -10.62% | +2.38% | -1.23B |