Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.16%
trims when stocks drop
when a holding falls −10%+
Middle response
-5.26%
baseline attrition
Rally response
-11.14%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MSFTMicrosoft Corporation | $195M | 5.7% | -0.6% | 1.5 yr |
| AMZNAmazon.com, Inc. | $145M | 4.2% | +9.5% | 1.5 yr |
| GOOGLAlphabet Inc. | $105M | 3.1% | — | 1.5 yr |
| METAMeta Platforms, Inc. | $104M | 3.1% | -0.4% | 1.5 yr |
| NVDANVIDIA Corporation | $99M | 2.9% | +60.9% | 1.5 yr |
| MAMastercard Incorporated | $98M | 2.9% | -8.5% | 1.5 yr |
| NFLXNetflix, Inc. | $79M | 2.3% | +3.1% | 1.5 yr |
| DHRDanaher Corporation | $68M | 2.0% | -7.1% | 1.5 yr |
| AAPLApple Inc. | $66M | 1.9% | +14.7% | 1.5 yr |
| ISRGIntuitive Surgical, Inc. | $66M | 1.9% | -6.9% | 1.5 yr |
| MELIMercadoLibre, Inc. | $61M | 1.8% | -11.4% | 0.5 yr |
| MSCIMSCI Inc. | $59M | 1.7% | -3.4% | 1.5 yr |
| ZTSZoetis Inc. | $58M | 1.7% | -27.2% | 1.5 yr |
| DXCMDexCom, Inc. | $57M | 1.7% | -8.0% | 1.5 yr |
| AVGOBroadcom Inc. | $57M | 1.7% | +86.0% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors8.5%+1.7pp$290M
Medical - Devices6.7%-2.9pp$229M
Internet Content & Information6.7%-0.1pp$228M
Software - Infrastructure6.3%-0.1pp$216M
Specialty Retail6.3%+0.9pp$215M
Drug Manufacturers - General4.9%+0.3pp$166M
Financial - Credit Services4.4%+0.9pp$151M
Regulated Electric3.4%+1.4pp$116M
Software - Application3.4%+0.5pp$114M
Entertainment3.0%+0.6pp$101M
Country
US91.0%+2.4pp
UY1.8%
MX1.7%+0.4pp
IE1.3%-1.4pp
GB1.3%+0.4pp
CA0.9%+0.7pp
Unknown0.8%-0.5pp
NL0.5%-2.9pp
Top 5: 19.0% · Top 10: 30.1% · Top 25: 53.3%
Top buys this quarter · 15
| MELI MercadoLibre, Inc. | +$53M |
| UBER Uber Technologies, Inc. | +$48M |
| BSX Boston Scientific Corporation | +$31M |
| MSFT Microsoft Corporation | +$195M |
| VST Vistra Corp. | +$20M |
| NFLX Netflix, Inc. | +$20M |
| EFX Equifax Inc. | +$18M |
| COF Capital One Financial Corporat | +$17M |
| AJG Arthur J. Gallagher & Co. | +$15M |
| AXP American Express Company | +$15M |
Top sells this quarter · 15
| ODFL Old Dominion Freight Line, Inc | −$52M |
| ICLR ICON Public Limited Company | −$37M |
| COST Costco Wholesale Corporationexit | −$32M |
| ASML ASML Holding N.V. | −$31M |
| NKE NIKE, Inc.exit | −$29M |
| CRM Salesforce, Inc. | −$28M |
| IT Gartner, Inc. | −$24M |
| EW Edwards Lifesciences Corporati | −$19M |
| DXCM DexCom, Inc. | −$19M |
| AAPL Apple Inc. | −$19M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.40B | 168 | +3.16% | +17.59% | -14.43% | -0.20B |
| 2025-12-31 | $3.86B | 165 | +7.04% | +17.72% | -10.68% | +0.01B |
| 2025-09-30 | $3.78B | 159 | +0.96% | +8.12% | -7.16% | -0.47B |
| 2025-06-30 | $4.21B | 167 | +7.46% | +10.78% | -3.32% | -0.22B |
| 2025-03-31 | $4.12B | 164 | -3.25% | -4.27% | +1.02% | +0.11B |
| 2024-12-31 | $4.15B | 164 | — | — | — | — |