Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-7.89%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.51%
baseline attrition
Rally response
-0.34%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $19M | 3.1% | +60.9% | 9.3 yr |
| AVGOBroadcom Inc. | $13M | 2.2% | +86.0% | 7.8 yr |
| GOOGLAlphabet Inc. | $12M | 1.9% | — | 10.5 yr |
| GOOGAlphabet Inc. | $11M | 1.9% | +84.3% | 10.5 yr |
| AMZNAmazon.com, Inc. | $11M | 1.8% | +9.5% | 10.3 yr |
| LRCXLam Research Corporation | $11M | 1.8% | +196.1% | 1.5 yr |
| TAT&T Inc. | $9M | 1.5% | +5.9% | 10.5 yr |
| MSFTMicrosoft Corporation | $9M | 1.5% | -0.6% | 10.5 yr |
| MUMicron Technology, Inc. | $8M | 1.4% | +289.6% | 5.3 yr |
| AAPLApple Inc. | $8M | 1.4% | +14.7% | 10.3 yr |
| BMYBristol-Myers Squibb Com | $8M | 1.4% | +3.4% | 7.8 yr |
| AMDAdvanced Micro Devices, | $8M | 1.3% | +98.0% | 5.0 yr |
| XOMExxon Mobil Corporation | $8M | 1.3% | +47.6% | 10.5 yr |
| DELLDell Technologies Inc. | $7M | 1.2% | +83.4% | 1.0 yr |
| VLOValero Energy Corporatio | $7M | 1.2% | +92.6% | 9.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors10.8%+4.1pp$66M
Software - Infrastructure5.5%-0.7pp$33M
Drug Manufacturers - General4.9%-1.3pp$30M
Internet Content & Information4.7%+0.3pp$29M
Hardware, Equipment & Parts4.4%+2.9pp$27M
Banks - Diversified3.7%+0.0pp$23M
Asset Management3.0%+1.0pp$19M
Oil & Gas Refining & Marketing2.9%+1.6pp$18M
Biotechnology2.4%+1.2pp$15M
Computer Hardware2.4%+0.9pp$15M
Country
US94.5%-0.6pp
IE2.0%-0.1pp
Unknown0.8%-0.3pp
CH0.8%+0.1pp
SG0.8%
BM0.6%+0.4pp
FR0.3%
GB0.2%-0.0pp
Top 5: 10.9% · Top 10: 18.4% · Top 25: 34.7%
Top buys this quarter · 15
| AMD Advanced Micro Devices, Inc. | +$8M |
| SNDK Sandisk Corporationnew | +$6M |
| DELL Dell Technologies Inc. | +$5M |
| AMZN Amazon.com, Inc. | +$5M |
| PATH UiPath Inc.new | +$4M |
| TDC Teradata Corporation | +$4M |
| SPHR Sphere Entertainment Co.new | +$4M |
| AVGO Broadcom Inc. | +$4M |
| NTRS Northern Trust Corporation | +$4M |
| NVDA NVIDIA Corporation | +$3M |
Top sells this quarter · 15
| APH Amphenol Corporationexit | −$3M |
| CAT Caterpillar Inc. | −$3M |
| MU Micron Technology, Inc. | −$3M |
| ADBE Adobe Inc.exit | −$2M |
| SEIC SEI Investments Companyexit | −$2M |
| RYN Rayonier Inc.exit | −$2M |
| MPC Marathon Petroleum Corporation | −$2M |
| CIEN Ciena Corporation | −$5M |
| LAD Lithia Motors, Inc.exit | −$2M |
| FOX Fox Corporationexit | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $611M | 235 | +34.74% | +17.59% | +17.15% | +0.09B |
| 2025-12-31 | $503M | 242 | +27.53% | +17.72% | +9.82% | +0.03B |
| 2025-09-30 | $446M | 250 | +27.61% | +17.52% | +10.09% | +0.01B |
| 2025-06-30 | $394M | 233 | +23.95% | +14.94% | +9.01% | -0.01B |
| 2025-03-31 | $361M | 237 | +13.73% | +8.30% | +5.43% | -0.07B |
| 2024-12-31 | $447M | 250 | +31.86% | +24.89% | +6.97% | +0.06B |
| 2024-09-30 | $371M | 237 | +37.71% | +36.04% | +1.68% | +0.00B |
| 2024-06-30 | $342M | 241 | +27.01% | +24.49% | +2.52% | +0.07B |
| 2024-03-31 | $261M | 245 | +29.01% | +29.62% | -0.62% | +0.05B |
| 2023-12-31 | $191M | 191 | +17.83% | +26.18% | -8.35% | +0.00B |
| 2023-09-30 | $169M | 162 | +18.23% | +21.57% | -3.34% | -0.00B |
| 2023-06-30 | $174M | 168 | +13.10% | +19.42% | -6.33% | -0.00B |
| 2023-03-31 | $170M | 177 | -2.47% | -7.82% | +5.35% | -0.00B |
| 2022-12-31 | $169M | 205 | +10.65% | +7.56% | +3.09% | -0.00B |
| 2022-09-30 | $153M | 199 | -4.85% | -4.93% | +0.08% | -0.00B |
| 2022-06-30 | $165M | 202 | -9.88% | -16.11% | +6.23% | -0.01B |