Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-7.84%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.91%
baseline attrition
Rally response
-6.27%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $43M | 7.1% | +14.7% | 10.5 yr |
| RYRoyal Bank of Canada | $20M | 3.3% | +48.2% | 10.5 yr |
| PHYSSprott Physical Gold Tru | $18M | 2.9% | — | 8.3 yr |
| GOOGLAlphabet Inc. | $16M | 2.6% | — | 10.5 yr |
| NVDANVIDIA Corporation | $15M | 2.5% | +60.9% | 3.3 yr |
| AMZNAmazon.com, Inc. | $15M | 2.4% | +9.5% | 9.8 yr |
| BRK-BBerkshire Hathaway Inc. | $14M | 2.3% | — | 10.5 yr |
| CMCanadian Imperial Bank o | $13M | 2.2% | +73.0% | 10.5 yr |
| MSFTMicrosoft Corporation | $13M | 2.1% | -0.6% | 10.5 yr |
| BRK-ABerkshire Hathaway Inc. | $11M | 1.9% | — | 10.3 yr |
| GSThe Goldman Sachs Group, | $11M | 1.8% | +58.1% | 10.3 yr |
| AEMAgnico Eagle Mines Limit | $11M | 1.8% | +89.2% | 6.3 yr |
| INTCIntel Corporation | $10M | 1.6% | +94.3% | 10.5 yr |
| METAMeta Platforms, Inc. | $9M | 1.5% | -0.4% | 8.8 yr |
| — | $8M | 1.4% | — | 3.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management12.4%+5.1pp$75M
Banks - Diversified9.8%+1.3pp$60M
Consumer Electronics7.1%-0.2pp$43M
Semiconductors5.6%+3.2pp$34M
Internet Content & Information5.5%-1.3pp$34M
Insurance - Diversified4.2%-1.3pp$26M
Unknown3.5%+0.2pp$21M
Financial - Capital Markets3.3%+0.4pp$20M
Aerospace & Defense3.3%+1.4pp$20M
Gold3.3%+2.0pp$20M
Country
US67.9%-3.6pp
CA25.3%+3.3pp
Unknown3.5%+0.2pp
IE1.0%+0.1pp
GB0.7%-0.1pp
AU0.6%
IL0.3%+0.2pp
IT0.3%
Top 5: 18.5% · Top 10: 29.3% · Top 25: 48.8%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$7M |
| INTC Intel Corporation | +$5M |
| MDA MDA Space Ltdnew | +$5M |
| WSC WillScot Holdings Corporation | +$2M |
| GS The Goldman Sachs Group, Inc. | +$2M |
| MS Morgan Stanley | +$2M |
| SNDK Sandisk Corporationnew | +$2M |
| INTU Intuit Inc. | +$2M |
| LDOS Leidos Holdings, Inc.new | +$2M |
| PI Impinj, Inc. | +$2M |
Top sells this quarter · 15
| JPM JPMorgan Chase & Co. | −$11M |
| GOOG Alphabet Inc. | −$10M |
| AMZN Amazon.com, Inc. | −$10M |
| MSFT Microsoft Corporation | −$7M |
| AAPL Apple Inc. | −$7M |
| TER Teradyne, Inc. | −$4M |
| REGN Regeneron Pharmaceuticals, Inc | −$4M |
| LMT Lockheed Martin Corporation | −$4M |
| MRK Merck & Co., Inc.exit | −$4M |
| BNS The Bank of Nova Scotia | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $608M | 225 | +27.34% | +17.59% | +9.75% | -0.13B |
| 2025-12-31 | $752M | 219 | +23.86% | +17.72% | +6.14% | +0.01B |
| 2025-09-30 | $699M | 206 | +19.14% | +17.52% | +1.62% | +0.03B |
| 2025-06-30 | $604M | 183 | +15.47% | +14.94% | +0.53% | +0.04B |
| 2025-03-31 | $512M | 170 | +7.16% | +8.30% | -1.15% | -0.10B |
| 2024-12-31 | $638M | 189 | +18.67% | +24.89% | -6.21% | -0.04B |
| 2024-09-30 | $662M | 206 | +31.16% | +36.04% | -4.88% | +0.01B |
| 2024-06-30 | $608M | 186 | +17.31% | +24.49% | -7.18% | -0.05B |
| 2024-03-31 | $647M | 195 | +23.76% | +29.62% | -5.86% | +0.02B |
| 2023-12-31 | $590M | 202 | +26.25% | +26.18% | +0.07% | +0.09B |
| 2023-09-30 | $443M | 118 | +15.79% | +21.57% | -5.77% | -0.09B |
| 2023-06-30 | $551M | 216 | +10.45% | +19.42% | -8.98% | +0.02B |
| 2023-03-31 | $495M | 244 | -31.34% | -7.82% | -23.52% | -0.06B |
| 2022-12-31 | $511M | 230 | -39.53% | -18.17% | -21.35% | +0.22B |
| 2022-09-30 | $283M | 209 | -34.98% | -15.51% | -19.47% | -0.06B |
| 2022-06-30 | $371M | 246 | -28.79% | -10.62% | -18.17% | -0.05B |