Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.25%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.63%
baseline attrition
Rally response
-3.63%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $29M | 8.1% | +60.9% | 8.5 yr |
| AAPLApple Inc. | $25M | 7.2% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $19M | 5.2% | -0.6% | 10.5 yr |
| AMZNAmazon.com, Inc. | $14M | 3.9% | +9.5% | 10.5 yr |
| GOOGLAlphabet Inc. | $11M | 3.2% | — | 0.3 yr |
| AVGOBroadcom Inc. | $10M | 2.8% | +86.0% | 8.0 yr |
| GOOGAlphabet Inc. | $9M | 2.5% | +84.3% | 10.5 yr |
| METAMeta Platforms, Inc. | $8M | 2.4% | -0.4% | 9.3 yr |
| TSLATesla, Inc. | $7M | 2.0% | +43.4% | 4.5 yr |
| BRK-BBerkshire Hathaway Inc. | $6M | 1.7% | — | 10.5 yr |
| JPMJPMorgan Chase & Co. | $5M | 1.5% | +21.8% | 10.5 yr |
| LLYEli Lilly and Company | $5M | 1.4% | +12.2% | 10.5 yr |
| XOMExxon Mobil Corporation | $5M | 1.4% | +47.6% | 10.5 yr |
| JNJJohnson & Johnson | $4M | 1.1% | +51.5% | 10.5 yr |
| WMTWalmart Inc. | $4M | 1.0% | +42.8% | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors15.3%+5.9pp$54M
Internet Content & Information8.2%+1.6pp$29M
Consumer Electronics7.2%-0.7pp$25M
Software - Infrastructure7.1%-0.9pp$25M
Drug Manufacturers - General5.2%-0.9pp$18M
Specialty Retail4.2%-0.2pp$15M
Banks - Diversified3.2%-1.6pp$11M
Aerospace & Defense2.4%-0.9pp$9M
Financial - Credit Services2.4%-1.2pp$8M
Auto - Manufacturers2.2%+1.7pp$8M
Country
US97.5%-0.6pp
IE1.4%+0.4pp
GB0.4%
CH0.3%
SG0.2%+0.0pp
NL0.1%
BM0.1%
Top 5: 27.5% · Top 10: 38.9% · Top 25: 52.9%
Top buys this quarter · 15
| TSLA Tesla, Inc. | +$6M |
| AVGO Broadcom Inc. | +$3M |
| PLTR Palantir Technologies Inc.new | +$2M |
| ABBV AbbVie Inc. | +$2M |
| LIN Linde plcnew | +$2M |
| KLAC KLA Corporationnew | +$1M |
| NFLX Netflix, Inc. | +$1M |
| ISRG Intuitive Surgical, Inc.new | +$1M |
| SCHW The Charles Schwab Corporationnew | +$1M |
| CVX Chevron Corporation | +$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $355M | 297 | +26.46% | +17.59% | +8.87% | -0.02B |
| 2025-12-31 | $387M | 210 | +23.76% | +17.72% | +6.04% | -0.01B |
| 2025-09-30 | $380M | 208 | +20.24% | +17.52% | +2.72% | -0.01B |
| 2025-06-30 | $355M | 203 | +15.75% | +14.94% | +0.81% | -0.00B |
| 2025-03-31 | $318M | 209 | +5.53% | +8.30% | -2.77% | -0.00B |
| 2024-12-31 | $340M | 214 | +21.41% | +24.89% | -3.48% | -0.01B |
| 2024-09-30 | $339M | 213 | +32.68% | +36.04% | -3.36% | -0.00B |
| 2024-06-30 | $325M | 213 | +22.49% | +24.49% | -2.00% | -0.00B |
| 2024-03-31 | $320M | 216 | +29.40% | +29.62% | -0.22% | +0.01B |
| 2023-12-31 | $288M | 215 | +27.03% | +26.18% | +0.85% | -0.01B |
| 2023-09-30 | $266M | 213 | +21.05% | +21.57% | -0.52% | -0.00B |
| 2023-06-30 | $279M | 219 | +18.88% | +19.42% | -0.55% | +0.00B |
| 2023-03-31 | $256M | 219 | -6.52% | -7.82% | +1.30% | -0.00B |
| 2022-12-31 | $241M | 216 | +6.90% | +7.56% | -0.66% | -0.00B |
| 2022-09-30 | $229M | 214 | -4.81% | -4.93% | +0.12% | -0.01B |
| 2022-06-30 | $250M | 219 | -14.50% | -16.11% | +1.62% | -0.01B |