Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.59%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.34%
baseline attrition
Rally response
+2.10%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| DINOHF Sinclair Corporation | $769M | 21.9% | +98.2% | 4.3 yr |
| MSFTMicrosoft Corporation | $126M | 3.6% | -0.6% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $114M | 3.3% | +21.8% | 9.3 yr |
| BRK-BBerkshire Hathaway Inc. | $112M | 3.2% | — | 10.5 yr |
| WMWaste Management, Inc. | $105M | 3.0% | +0.8% | 9.3 yr |
| AFLAflac Incorporated | $89M | 2.5% | +0.8% | 10.5 yr |
| IBMInternational Business M | $86M | 2.4% | -0.1% | 10.5 yr |
| CBChubb Limited | $78M | 2.2% | +9.3% | 9.0 yr |
| GOOGAlphabet Inc. | $78M | 2.2% | +84.3% | 9.0 yr |
| AAPLApple Inc. | $77M | 2.2% | +14.7% | 10.5 yr |
| WMBThe Williams Companies, | $65M | 1.8% | +25.8% | 10.5 yr |
| LINLinde plc | $64M | 1.8% | +7.9% | 3.3 yr |
| UBERUber Technologies, Inc. | $62M | 1.8% | -1.3% | 5.5 yr |
| NVSNovartis AG | $60M | 1.7% | +39.7% | 7.3 yr |
| BACBank of America Corporat | $53M | 1.5% | +19.4% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Refining & Marketing23.6%+7.9pp$828M
Drug Manufacturers - General6.0%-0.3pp$212M
Asset Management5.6%+1.0pp$196M
Banks - Diversified4.9%-0.2pp$171M
Insurance - Diversified4.3%-1.5pp$152M
Software - Infrastructure3.6%-1.0pp$127M
Semiconductors3.3%+0.6pp$116M
Waste Management3.0%-0.7pp$105M
Internet Content & Information2.7%+0.8pp$96M
Insurance - Life2.5%-0.6pp$89M
Country
US90.6%+1.2pp
CH4.1%-0.3pp
GB2.0%-0.3pp
BM1.8%-0.2pp
IE1.2%-0.6pp
TW0.1%+0.1pp
NL0.1%+0.0pp
MX0.0%
Top 5: 34.9% · Top 10: 46.6% · Top 25: 66.5%
Top buys this quarter · 15
| BX Blackstone Inc. | +$16M |
| LLY Eli Lilly and Company | +$3M |
| ADP Automatic Data Processing, Inc | +$3M |
| CBRE CBRE Group, Inc. | +$3M |
| V Visa Inc. | +$2M |
| TROW T. Rowe Price Group, Inc. | +$2M |
| MSFT Microsoft Corporation | +$126M |
| SPY State Street SPDR S&P 500 ETF | +$1M |
| JPM JPMorgan Chase & Co. | +$114M |
| MRK Merck & Co., Inc. | +$1M |
Top sells this quarter · 15
| OXY Occidental Petroleum Corporati | −$16M |
| AAPL Apple Inc. | −$1M |
| PSX Phillips 66 | −$27M |
| GOOG Alphabet Inc. | −$1M |
| TRN Trinity Industries, Inc. | −$13M |
| ADBE Adobe Inc. | −$0M |
| CRM Salesforce, Inc. | −$0M |
| WMB The Williams Companies, Inc. | −$54M |
| ORCL Oracle Corporation | −$0M |
| PGR The Progressive Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.51B | 219 | +26.53% | +17.59% | +8.94% | -0.04B |
| 2025-12-31 | $3.34B | 614 | +20.84% | +17.72% | +3.12% | -0.01B |
| 2025-09-30 | $3.37B | 610 | +14.78% | +17.52% | -2.74% | -0.04B |
| 2025-06-30 | $3.11B | 643 | +6.22% | +14.94% | -8.72% | +0.02B |
| 2025-03-31 | $2.83B | 681 | -5.34% | +8.30% | -13.64% | +0.01B |
| 2024-12-31 | $2.78B | 712 | +2.63% | +24.89% | -22.26% | -0.01B |
| 2024-09-30 | $2.95B | 525 | +16.16% | +36.04% | -19.88% | -0.00B |
| 2024-06-30 | $2.91B | 536 | +20.41% | +24.49% | -4.08% | -0.02B |
| 2024-03-31 | $3.01B | 535 | +26.14% | +29.62% | -3.48% | -0.00B |
| 2023-12-31 | $2.74B | 504 | +14.77% | +26.18% | -11.40% | -0.03B |
| 2023-09-30 | $2.59B | 451 | +14.20% | +21.57% | -7.37% | -0.04B |
| 2023-06-30 | $2.50B | 440 | +11.29% | +19.42% | -8.14% | -0.02B |
| 2023-03-31 | $2.48B | 472 | +3.05% | -7.82% | +10.87% | +0.03B |
| 2022-12-31 | $2.45B | 437 | -1.74% | -18.17% | +16.43% | -0.01B |
| 2022-09-30 | $2.30B | 425 | +2.43% | -15.51% | +17.94% | -0.02B |
| 2022-06-30 | $2.27B | 425 | +0.47% | -10.62% | +11.10% | -0.02B |