Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+6.64%
adds when stocks drop
when a holding falls −10%+
Middle response
+7.52%
steady accumulation
Rally response
+6.48%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $9.84B | 6.6% | +60.9% | 10.5 yr |
| AAPLApple Inc. | $8.62B | 5.8% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $7.09B | 4.8% | -0.6% | 10.5 yr |
| AMZNAmazon.com, Inc. | $5.38B | 3.6% | +9.5% | 10.5 yr |
| GOOGLAlphabet Inc. | $4.63B | 3.1% | — | 10.5 yr |
| AVGOBroadcom Inc. | $3.41B | 2.3% | +86.0% | 8.0 yr |
| GOOGAlphabet Inc. | $3.27B | 2.2% | +84.3% | 10.5 yr |
| METAMeta Platforms, Inc. | $2.92B | 2.0% | -0.4% | 10.5 yr |
| TSLATesla, Inc. | $2.46B | 1.7% | +43.4% | 10.5 yr |
| VVisa Inc. | $2.00B | 1.3% | -13.1% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $1.83B | 1.2% | +21.8% | 10.5 yr |
| NFLXNetflix, Inc. | $1.80B | 1.2% | +3.1% | 10.5 yr |
| BRK-BBerkshire Hathaway Inc. | $1.75B | 1.2% | — | 10.5 yr |
| LLYEli Lilly and Company | $1.73B | 1.2% | +12.2% | 10.5 yr |
| XOMExxon Mobil Corporation | $1.62B | 1.1% | +47.6% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.2%+4.7pp$19.70B
Internet Content & Information7.5%+1.8pp$11.12B
Software - Infrastructure6.9%-0.7pp$10.28B
Consumer Electronics5.8%+0.2pp$8.63B
Drug Manufacturers - General4.6%+0.4pp$6.82B
Specialty Retail4.5%+0.4pp$6.77B
Financial - Credit Services2.7%-1.0pp$3.97B
Banks - Diversified2.6%+0.2pp$3.94B
Financial - Data & Stock Exchanges2.3%-0.5pp$3.46B
Aerospace & Defense2.2%+0.5pp$3.26B
Country
US96.0%+0.7pp
IE2.0%-0.9pp
GB0.5%-0.0pp
Unknown0.3%+0.1pp
CH0.3%-0.0pp
SG0.2%+0.1pp
IT0.2%+0.2pp
NL0.1%+0.0pp
Top 5: 23.9% · Top 10: 33.3% · Top 25: 46.9%
Top buys this quarter · 15
| AMZN Amazon.com, Inc. | +$923M |
| NFLX Netflix, Inc. | +$897M |
| NVDA NVIDIA Corporation | +$9.84B |
| AAPL Apple Inc. | +$8.62B |
| GOOG Alphabet Inc. | +$3.27B |
| AVGO Broadcom Inc. | +$3.41B |
| AON Aon plc | +$227M |
| META Meta Platforms, Inc. | +$2.92B |
| MSFT Microsoft Corporation | +$7.09B |
| TSLA Tesla, Inc. | +$2.46B |
Top sells this quarter · 15
| ADP Automatic Data Processing, Inc | −$387M |
| AJG Arthur J. Gallagher & Co. | −$380M |
| ROP Roper Technologies, Inc. | −$342M |
| ABT Abbott Laboratories | −$214M |
| BR Broadridge Financial Solutions | −$143M |
| TMO Thermo Fisher Scientific Inc. | −$114M |
| PG The Procter & Gamble Company | −$52M |
| EFX Equifax Inc. | −$49M |
| TXN Texas Instruments Incorporated | −$956M |
| PAYC Paycom Software, Inc. | −$12M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $148.90B | 1614 | +13.00% | +17.59% | -4.59% | +9.34B |
| 2025-12-31 | $147.43B | 1622 | +15.38% | +17.72% | -2.34% | +6.29B |
| 2025-09-30 | $138.87B | 1601 | +15.32% | +17.52% | -2.20% | +5.39B |
| 2025-06-30 | $125.18B | 1611 | +15.49% | +14.94% | +0.54% | +5.61B |
| 2025-03-31 | $108.55B | 1597 | +6.25% | +8.30% | -2.05% | +8.81B |
| 2024-12-31 | $103.20B | 1590 | +17.82% | +24.89% | -7.06% | +8.20B |
| 2024-09-30 | $93.52B | 1588 | +29.43% | +36.04% | -6.61% | +5.96B |
| 2024-06-30 | $82.00B | 1567 | +16.45% | +24.49% | -8.04% | +8.68B |
| 2024-03-31 | $72.35B | 1559 | +23.31% | +29.62% | -6.32% | +11.51B |
| 2023-12-31 | $56.76B | 1560 | +22.32% | +26.18% | -3.86% | +1.65B |
| 2023-09-30 | $49.39B | 1539 | +17.37% | +21.57% | -4.19% | +3.39B |
| 2023-06-30 | $47.88B | 1107 | +16.76% | +19.42% | -2.66% | +2.76B |
| 2023-03-31 | $42.04B | 1113 | -7.86% | -7.82% | -0.04% | +3.09B |
| 2022-12-31 | $36.64B | 1122 | +7.08% | +7.56% | -0.49% | +3.41B |
| 2022-09-30 | $31.04B | 1125 | -4.42% | -4.93% | +0.51% | +9.48B |
| 2022-06-30 | $22.56B | 1136 | -15.31% | -16.11% | +0.80% | +1.17B |