Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.02%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.62%
baseline attrition
Rally response
-7.84%
trims into rallies
when a holding rises +10%+
Top positions · 13
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MSFTMicrosoft Corporation | $470M | 17.7% | -0.6% | 6.5 yr |
| AMZNAmazon.com, Inc. | $386M | 14.6% | +9.5% | 8.3 yr |
| TRUTransUnion | $251M | 9.5% | -16.1% | 3.0 yr |
| COFCapital One Financial Co | $240M | 9.0% | +3.1% | 1.8 yr |
| AONAon plc | $220M | 8.3% | -18.4% | 2.3 yr |
| MSCIMSCI Inc. | $219M | 8.3% | -3.4% | 2.3 yr |
| SPGIS&P Global Inc. | $215M | 8.1% | -15.6% | 4.3 yr |
| WDAYWorkday, Inc. | $211M | 8.0% | -44.4% | 6.0 yr |
| PCORProcore Technologies, In | $153M | 5.8% | -13.7% | 2.3 yr |
| CSGPCoStar Group, Inc. | $134M | 5.1% | -49.1% | 0.3 yr |
| TOSTToast, Inc. | $90M | 3.4% | -20.1% | 1.3 yr |
| SPYState Street SPDR S&P 50 | $34M | 1.3% | +17.6% | 5.8 yr |
| EFXEquifax Inc. | $28M | 1.0% | -25.4% | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure21.2%+6.9pp$561M
Financial - Data & Stock Exchanges16.4%$433M
Specialty Retail14.6%+5.7pp$386M
Software - Application13.7%-7.7pp$364M
Consulting Services10.5%-1.9pp$279M
Financial - Credit Services9.0%-1.1pp$240M
Insurance - Brokers8.3%$220M
Real Estate - Services5.1%$134M
Asset Management1.3%$34M
Country
US91.7%+5.0pp
IE8.3%
Top 5: 59.1% · Top 10: 94.3% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.65B | 13 | -2.97% | +17.59% | -20.57% | -0.00B |
| 2025-12-31 | $3.22B | 10 | +12.61% | +17.72% | -5.11% | -0.35B |
| 2025-09-30 | $3.50B | 11 | +9.47% | +17.52% | -8.05% | -0.22B |
| 2025-06-30 | $3.65B | 13 | +22.65% | +14.94% | +7.71% | -0.47B |
| 2025-03-31 | $3.64B | 17 | +3.42% | +8.30% | -4.89% | -0.38B |
| 2024-12-31 | $4.19B | 20 | +22.09% | +24.89% | -2.79% | -0.04B |
| 2024-09-30 | $4.28B | 22 | +43.49% | +36.04% | +7.45% | -0.22B |
| 2024-06-30 | $3.94B | 60 | +22.58% | +24.49% | -1.91% | -0.12B |
| 2024-03-31 | $4.25B | 57 | +43.91% | +29.62% | +14.29% | -0.67B |
| 2023-12-31 | $4.34B | 55 | +47.51% | +26.18% | +21.33% | +0.09B |
| 2023-09-30 | $3.66B | 49 | +30.66% | +21.57% | +9.09% | +0.15B |
| 2023-06-30 | $3.59B | 51 | +20.37% | +19.42% | +0.94% | -0.11B |
| 2023-03-31 | $3.31B | 51 | -13.03% | -7.82% | -5.21% | -0.06B |
| 2022-12-31 | $2.90B | 41 | +3.03% | +7.56% | -4.54% | +0.00B |
| 2022-09-30 | $2.81B | 34 | -10.07% | -4.93% | -5.14% | -0.30B |
| 2022-06-30 | $3.46B | 36 | -19.05% | -16.11% | -2.94% | -0.31B |