Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.38%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.05%
baseline attrition
Rally response
-0.13%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $243M | 6.6% | +14.7% | 10.0 yr |
| MSFTMicrosoft Corporation | $184M | 5.0% | -0.6% | 10.5 yr |
| NVDANVIDIA Corporation | $167M | 4.5% | +60.9% | 6.8 yr |
| GOOGAlphabet Inc. | $159M | 4.3% | +84.3% | 10.5 yr |
| AMZNAmazon.com, Inc. | $121M | 3.3% | +9.5% | 10.0 yr |
| VTIVanguard Total Stock Mar | $107M | 2.9% | — | 10.5 yr |
| IGSBiShares 1-5 Year Investm | $96M | 2.6% | — | 3.5 yr |
| AVGOBroadcom Inc. | $90M | 2.5% | +86.0% | 8.0 yr |
| SPYState Street SPDR S&P 50 | $85M | 2.3% | +17.6% | 10.5 yr |
| VCSHVanguard Short-Term Corp | $85M | 2.3% | — | 10.5 yr |
| METAMeta Platforms, Inc. | $75M | 2.0% | -0.4% | 10.5 yr |
| VCITVanguard Intermediate-Te | $75M | 2.0% | — | 10.5 yr |
| VOTVanguard Mid-Cap Growth | $70M | 1.9% | — | 10.5 yr |
| JNJJohnson & Johnson | $67M | 1.8% | +51.5% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $65M | 1.8% | +21.8% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management15.5%+4.0pp$572M
Semiconductors10.4%+3.0pp$383M
Internet Content & Information7.6%+1.0pp$280M
Asset Management - Bonds7.1%-0.9pp$261M
Consumer Electronics6.6%-1.1pp$243M
Software - Infrastructure5.8%-1.4pp$215M
Drug Manufacturers - General4.7%-0.2pp$174M
Specialty Retail3.6%-0.4pp$134M
Industrial - Machinery3.0%+0.7pp$109M
Banks - Diversified2.8%+0.1pp$104M
Country
US95.8%+0.9pp
IE1.7%-0.3pp
GB1.5%-0.1pp
Unknown0.3%-0.4pp
TW0.3%+0.2pp
NL0.2%+0.2pp
CH0.1%+0.1pp
CA0.0%-0.3pp
Top 5: 23.7% · Top 10: 36.3% · Top 25: 58.5%
Top buys this quarter · 15
| TSM Taiwan Semiconductor Manufactu | +$9M |
| FCX Freeport-McMoRan Inc. | +$7M |
| CRM Salesforce, Inc. | +$5M |
| MSFT Microsoft Corporation | +$184M |
| NVDA NVIDIA Corporation | +$167M |
| AMZN Amazon.com, Inc. | +$121M |
| AAPL Apple Inc. | +$243M |
| GS The Goldman Sachs Group, Inc. | +$32M |
| C Citigroup Inc. | +$1M |
| JPM JPMorgan Chase & Co. | +$65M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.68B | 372 | +22.20% | +17.59% | +4.61% | +0.03B |
| 2025-12-31 | $3.79B | 388 | +20.70% | +17.72% | +2.98% | +0.08B |
| 2025-09-30 | $3.59B | 377 | +17.52% | +17.52% | +0.01% | -0.02B |
| 2025-06-30 | $3.28B | 361 | +12.59% | +14.94% | -2.35% | -0.03B |
| 2025-03-31 | $2.97B | 349 | +4.38% | +8.30% | -3.92% | +0.07B |
| 2024-12-31 | $3.05B | 341 | +19.56% | +24.89% | -5.33% | -0.05B |
| 2024-09-30 | $3.06B | 344 | +30.60% | +36.04% | -5.44% | -0.02B |
| 2024-06-30 | $2.92B | 341 | +19.69% | +24.49% | -4.80% | +0.01B |
| 2024-03-31 | $2.82B | 353 | +25.29% | +29.62% | -4.33% | -0.01B |
| 2023-12-31 | $2.60B | 340 | +22.55% | +26.18% | -3.63% | +0.02B |
| 2023-09-30 | $2.34B | 308 | +21.21% | +21.57% | -0.35% | -0.03B |
| 2023-06-30 | $2.46B | 319 | +19.46% | +19.42% | +0.03% | -0.10B |
| 2023-03-31 | $2.36B | 318 | -4.47% | -7.82% | +3.34% | -0.00B |
| 2022-12-31 | $2.22B | 319 | -14.43% | -18.17% | +3.75% | +0.02B |
| 2022-09-30 | $2.02B | 308 | -12.85% | -15.51% | +2.66% | -0.17B |
| 2022-06-30 | $2.30B | 317 | -7.98% | -10.62% | +2.64% | +0.14B |