Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.89%
trims when stocks drop
when a holding falls −10%+
Middle response
+3.51%
steady accumulation
Rally response
-2.75%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $353M | 5.9% | +14.7% | 10.5 yr |
| IVViShares Core S&P 500 ETF | $284M | 4.8% | — | 10.5 yr |
| GOOGLAlphabet Inc. | $209M | 3.5% | — | 9.3 yr |
| MSFTMicrosoft Corporation | $198M | 3.3% | -0.6% | 10.5 yr |
| NVDANVIDIA Corporation | $178M | 3.0% | +60.9% | 9.0 yr |
| AMZNAmazon.com, Inc. | $173M | 2.9% | +9.5% | 10.5 yr |
| VSLUApplied Finance Valuatio | $118M | 2.0% | — | 2.0 yr |
| AGGiShares Core U.S. Aggreg | $113M | 1.9% | — | 9.5 yr |
| GOOGAlphabet Inc. | $99M | 1.7% | +84.3% | 9.3 yr |
| VVisa Inc. | $98M | 1.6% | -13.1% | 9.3 yr |
| AMATApplied Materials, Inc. | $97M | 1.6% | +137.6% | 5.0 yr |
| AVGOBroadcom Inc. | $96M | 1.6% | +86.0% | 6.0 yr |
| BRK-BBerkshire Hathaway Inc. | $94M | 1.6% | — | 10.5 yr |
| SPSMState Street SPDR Portfo | $83M | 1.4% | — | 6.3 yr |
| GOVTiShares U.S. Treasury Bo | $79M | 1.3% | — | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management27.3%+5.1pp$1.62B
Semiconductors10.1%+4.7pp$602M
Internet Content & Information6.5%+1.0pp$387M
Consumer Electronics6.0%-0.3pp$354M
Software - Infrastructure4.3%-0.7pp$259M
Drug Manufacturers - General3.5%+0.2pp$207M
Specialty Retail3.0%-0.5pp$177M
Banks - Diversified2.6%+0.9pp$153M
Medical - Diagnostics & Research2.5%-0.9pp$147M
Financial - Credit Services2.4%-0.6pp$140M
Country
US97.2%+0.7pp
GB0.8%+0.5pp
IE0.7%-0.9pp
CA0.5%+0.1pp
NL0.3%+0.0pp
BM0.2%+0.0pp
TW0.1%+0.0pp
CH0.0%+0.0pp
Top 5: 20.6% · Top 10: 30.7% · Top 25: 50.0%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$46M |
| NVDA NVIDIA Corporation | +$31M |
| INTU Intuit Inc. | +$15M |
| LLY Eli Lilly and Company | +$14M |
| SEIC SEI Investments Company | +$12M |
| VLO Valero Energy Corporation | +$8M |
| AVGO Broadcom Inc. | +$96M |
| NOW ServiceNow, Inc. | +$8M |
| JPM JPMorgan Chase & Co. | +$7M |
| EOG EOG Resources, Inc. | +$6M |
Top sells this quarter · 15
| CRM Salesforce, Inc. | −$24M |
| ADBE Adobe Inc. | −$16M |
| ROP Roper Technologies, Inc. | −$12M |
| TXN Texas Instruments Incorporated | −$9M |
| MKC McCormick & Company, Incorpora | −$9M |
| AMAT Applied Materials, Inc. | −$79M |
| ACN Accenture plc | −$8M |
| IQV IQVIA Holdings Inc. | −$6M |
| META Meta Platforms, Inc. | −$6M |
| SPY State Street SPDR S&P 500 ETF | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $5.94B | 764 | +9.38% | +17.59% | -8.21% | +0.37B |
| 2025-12-31 | $6.00B | 692 | +11.94% | +17.72% | -5.78% | -0.01B |
| 2025-09-30 | $5.87B | 568 | +10.18% | +17.52% | -7.34% | -0.01B |
| 2025-06-30 | $5.58B | 529 | +9.96% | +14.94% | -4.98% | -0.17B |
| 2025-03-31 | $5.26B | 494 | +3.81% | +8.30% | -4.49% | +0.19B |
| 2024-12-31 | $5.33B | 455 | +17.31% | +24.89% | -7.57% | +0.06B |
| 2024-09-30 | $5.23B | 441 | +32.31% | +36.04% | -3.72% | +0.15B |
| 2024-06-30 | $4.83B | 424 | +21.09% | +24.49% | -3.41% | +0.11B |
| 2024-03-31 | $4.58B | 417 | +28.98% | +29.62% | -0.65% | -0.03B |
| 2023-12-31 | $4.29B | 404 | +28.70% | +26.18% | +2.52% | -0.04B |
| 2023-09-30 | $3.81B | 364 | +21.49% | +21.57% | -0.07% | +0.75B |
| 2023-06-30 | $3.18B | 253 | +21.79% | +19.42% | +2.37% | -0.12B |
| 2023-03-31 | $3.00B | 257 | -7.25% | -7.82% | +0.57% | -0.14B |
| 2022-12-31 | $2.94B | 265 | -17.42% | -18.17% | +0.75% | -0.09B |
| 2022-09-30 | $2.82B | 262 | -14.49% | -15.51% | +1.02% | -0.05B |
| 2022-06-30 | $2.97B | 262 | -10.84% | -10.62% | -0.22% | -0.01B |