Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.85%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.21%
steady accumulation
Rally response
-5.70%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $146M | 4.3% | +14.7% | 9.5 yr |
| NVDANVIDIA Corporation | $140M | 4.2% | +60.9% | 7.0 yr |
| MSFTMicrosoft Corporation | $108M | 3.2% | -0.6% | 10.3 yr |
| GOOGLAlphabet Inc. | $102M | 3.0% | — | 10.3 yr |
| AMZNAmazon.com, Inc. | $74M | 2.2% | +9.5% | 9.5 yr |
| DUNKDana Unconstrained Equit | $69M | 2.1% | — | 0.8 yr |
| AVGOBroadcom Inc. | $54M | 1.6% | +86.0% | 7.0 yr |
| METAMeta Platforms, Inc. | $49M | 1.5% | -0.4% | 10.3 yr |
| VVisa Inc. | $40M | 1.2% | -13.1% | 10.3 yr |
| NOWServiceNow, Inc. | $37M | 1.1% | -34.3% | 7.0 yr |
| LRCXLam Research Corporation | $37M | 1.1% | +196.1% | 1.5 yr |
| JPMJPMorgan Chase & Co. | $35M | 1.0% | +21.8% | 10.3 yr |
| ABBVAbbVie Inc. | $34M | 1.0% | +7.3% | 10.3 yr |
| LLYEli Lilly and Company | $34M | 1.0% | +12.2% | 4.0 yr |
| FANGDiamondback Energy, Inc. | $32M | 1.0% | +27.1% | 7.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors9.6%+3.3pp$321M
Asset Management6.9%+2.8pp$230M
Internet Content & Information5.6%+1.4pp$188M
Software - Infrastructure4.7%-0.7pp$156M
Software - Application4.4%-0.6pp$147M
Consumer Electronics4.3%-0.6pp$146M
Specialty Retail3.1%-0.0pp$104M
Financial - Credit Services3.0%-0.3pp$101M
Drug Manufacturers - General2.8%-0.6pp$95M
Banks - Regional2.7%-0.3pp$92M
Country
US94.1%-2.6pp
IE1.9%+1.0pp
CA1.2%+0.4pp
GB0.9%+0.4pp
NL0.5%+0.4pp
Unknown0.3%+0.2pp
LU0.2%+0.2pp
BM0.2%+0.1pp
Top 5: 17.0% · Top 10: 24.4% · Top 25: 37.6%
Top buys this quarter · 15
| ORCL Oracle Corporation | +$21M |
| CSCO Cisco Systems, Inc. | +$14M |
| DDOG Datadog, Inc. | +$11M |
| SHOP Shopify Inc. | +$11M |
| NOW ServiceNow, Inc. | +$37M |
| NXPI NXP Semiconductors N.V.new | +$10M |
| PG The Procter & Gamble Company | +$8M |
| SJM The J. M. Smucker Company | +$8M |
| LC LendingClub Corporationnew | +$8M |
| PM Philip Morris International In | +$8M |
Top sells this quarter · 15
| KR The Kroger Co. | −$23M |
| ADBE Adobe Inc. | −$17M |
| ADI Analog Devices, Inc. | −$15M |
| WDAY Workday, Inc. | −$11M |
| LITE Lumentum Holdings Inc. | −$12M |
| STE STERIS plc | −$10M |
| VRT Vertiv Holdings Co | −$25M |
| UCTT Ultra Clean Holdings, Inc. | −$10M |
| LRCX Lam Research Corporation | −$36M |
| TTMI TTM Technologies, Inc. | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.35B | 556 | +21.41% | +17.59% | +3.82% | -0.03B |
| 2025-12-31 | $3.44B | 551 | +16.61% | +17.72% | -1.11% | -0.06B |
| 2025-09-30 | $3.41B | 556 | +16.22% | +17.52% | -1.29% | +0.15B |
| 2025-06-30 | $3.02B | 536 | +15.79% | +14.94% | +0.85% | -0.09B |
| 2025-03-31 | $2.79B | 541 | +3.20% | +8.30% | -5.11% | -0.08B |
| 2024-12-31 | $3.03B | 538 | +19.43% | +24.89% | -5.46% | -0.06B |
| 2024-09-30 | $3.02B | 530 | +32.03% | +36.04% | -4.00% | -0.16B |
| 2024-06-30 | $2.96B | 521 | +16.56% | +24.49% | -7.94% | -0.03B |
| 2024-03-31 | $3.01B | 522 | +23.63% | +29.62% | -5.99% | +0.74B |
| 2023-12-31 | $2.07B | 419 | +18.56% | +26.18% | -7.61% | -0.14B |
| 2023-09-30 | $1.96B | 404 | +14.47% | +21.57% | -7.10% | +0.03B |
| 2023-06-30 | $2.03B | 390 | +14.52% | +19.42% | -4.90% | -0.04B |
| 2023-03-31 | $1.97B | 394 | -7.34% | -7.82% | +0.48% | -0.03B |
| 2022-12-31 | $1.91B | 397 | -15.86% | -18.17% | +2.31% | -0.02B |
| 2022-09-30 | $1.76B | 395 | -14.25% | -15.51% | +1.26% | -0.12B |
| 2022-06-30 | $1.98B | 411 | -9.21% | -10.62% | +1.41% | +0.13B |