Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-11.50%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.44%
steady accumulation
Rally response
+11.87%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $904M | 4.5% | +14.7% | 10.5 yr |
| NVDANVIDIA Corporation | $821M | 4.1% | +60.9% | 8.0 yr |
| MSFTMicrosoft Corporation | $487M | 2.4% | -0.6% | 8.5 yr |
| GOOGLAlphabet Inc. | $378M | 1.9% | — | 8.3 yr |
| AMZNAmazon.com, Inc. | $362M | 1.8% | +9.5% | 7.8 yr |
| AVGOBroadcom Inc. | $303M | 1.5% | +86.0% | 7.3 yr |
| GOOGAlphabet Inc. | $276M | 1.4% | +84.3% | 7.0 yr |
| AGGiShares Core U.S. Aggreg | $252M | 1.3% | — | 6.5 yr |
| METAMeta Platforms, Inc. | $235M | 1.2% | -0.4% | 8.3 yr |
| XOMExxon Mobil Corporation | $220M | 1.1% | +47.6% | 8.0 yr |
| JPMJPMorgan Chase & Co. | $215M | 1.1% | +21.8% | 10.3 yr |
| WMTWalmart Inc. | $193M | 1.0% | +42.8% | 10.3 yr |
| TSLATesla, Inc. | $187M | 0.9% | +43.4% | 6.5 yr |
| LLYEli Lilly and Company | $173M | 0.9% | +12.2% | 8.0 yr |
| JNJJohnson & Johnson | $169M | 0.8% | +51.5% | 9.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management10.6%+1.9pp$2.11B
Semiconductors9.1%+4.0pp$1.81B
Internet Content & Information4.7%+1.4pp$930M
Consumer Electronics4.6%+1.2pp$924M
Drug Manufacturers - General4.5%+0.5pp$902M
Banks - Diversified4.4%-0.3pp$886M
Software - Infrastructure3.8%-0.5pp$756M
Specialty Retail3.0%-0.1pp$604M
Oil & Gas Integrated2.5%+0.4pp$490M
Financial - Credit Services2.4%-0.7pp$479M
Country
US89.0%+2.2pp
GB1.8%-0.0pp
CA1.7%-1.3pp
IE1.2%-0.6pp
TW0.8%+0.3pp
Unknown0.6%-0.2pp
BR0.6%+0.2pp
CH0.6%-0.0pp
Top 5: 14.8% · Top 10: 21.3% · Top 25: 32.5%
Top buys this quarter · 15
| AAPL Apple Inc. | +$272M |
| NVDA NVIDIA Corporation | +$166M |
| SPY State Street SPDR S&P 500 ETF | +$80M |
| XOM Exxon Mobil Corporation | +$66M |
| GOOG Alphabet Inc. | +$55M |
| META Meta Platforms, Inc. | +$52M |
| AMZN Amazon.com, Inc. | +$51M |
| AVGO Broadcom Inc. | +$49M |
| MSFT Microsoft Corporation | +$487M |
| LLY Eli Lilly and Company | +$44M |
Top sells this quarter · 15
| CAT Caterpillar Inc. | −$34M |
| MDT Medtronic plc | −$28M |
| TD The Toronto-Dominion Bank | −$26M |
| RY Royal Bank of Canada | −$25M |
| EFX.TO Enerflex Ltd. | −$23M |
| CVE Cenovus Energy Inc. | −$21M |
| RTX RTX Corporation | −$19M |
| TWLO Twilio Inc. | −$19M |
| MFC Manulife Financial Corporation | −$16M |
| CM Canadian Imperial Bank of Comm | −$16M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $19.92B | 2611 | +19.87% | +17.59% | +2.28% | +2.02B |
| 2025-12-31 | $18.11B | 2622 | +18.84% | +17.72% | +1.12% | +0.63B |
| 2025-09-30 | $17.02B | 2542 | +17.23% | +17.52% | -0.29% | +1.20B |
| 2025-06-30 | $14.67B | 2369 | +17.12% | +14.94% | +2.17% | +1.04B |
| 2025-03-31 | $12.45B | 2293 | +7.27% | +8.30% | -1.04% | +0.89B |
| 2024-12-31 | $11.79B | 2189 | +20.11% | +24.89% | -4.78% | +0.44B |
| 2024-09-30 | $11.20B | 2106 | +31.52% | +36.04% | -4.51% | +0.78B |
| 2024-06-30 | $9.68B | 1953 | +19.94% | +24.49% | -4.55% | +0.63B |
| 2024-03-31 | $9.03B | 1861 | +27.10% | +29.62% | -2.52% | +0.75B |
| 2023-12-31 | $7.54B | 1725 | +17.88% | +26.18% | -8.30% | +0.08B |
| 2023-09-30 | $6.73B | 1607 | +19.41% | +21.57% | -2.16% | +0.11B |
| 2023-06-30 | $6.74B | 1490 | +14.51% | +19.42% | -4.91% | -0.01B |
| 2023-03-31 | $6.35B | 1468 | -5.27% | -7.82% | +2.55% | +0.12B |
| 2022-12-31 | $6.13B | 1384 | -11.23% | -18.17% | +6.94% | +0.15B |
| 2022-09-30 | $5.32B | 1326 | -12.27% | -15.51% | +3.23% | +0.22B |
| 2022-06-30 | $5.42B | 1242 | -6.35% | -10.62% | +4.27% | +0.13B |