Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.35%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.36%
baseline attrition
Rally response
-6.77%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $793M | 9.7% | +60.9% | 3.0 yr |
| MSFTMicrosoft Corporation | $580M | 7.1% | -0.6% | 9.3 yr |
| GOOGLAlphabet Inc. | $496M | 6.1% | — | 8.0 yr |
| AAPLApple Inc. | $467M | 5.7% | +14.7% | 10.5 yr |
| AMZNAmazon.com, Inc. | $404M | 4.9% | +9.5% | 10.5 yr |
| MAMastercard Incorporated | $337M | 4.1% | -8.5% | 10.5 yr |
| AVGOBroadcom Inc. | $331M | 4.0% | +86.0% | 6.8 yr |
| CMECME Group Inc. | $275M | 3.4% | +15.6% | 9.0 yr |
| JPMJPMorgan Chase & Co. | $267M | 3.3% | +21.8% | 10.5 yr |
| NFLXNetflix, Inc. | $238M | 2.9% | +3.1% | 2.5 yr |
| AMGNAmgen Inc. | $234M | 2.9% | +16.5% | 10.5 yr |
| BLKBlackRock, Inc. | $231M | 2.8% | +3.7% | 1.5 yr |
| HDThe Home Depot, Inc. | $217M | 2.7% | -8.0% | 10.5 yr |
| EMREmerson Electric Co. | $216M | 2.6% | +21.5% | 2.5 yr |
| CLColgate-Palmolive Compan | $213M | 2.6% | -6.8% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors15.0%+6.6pp$1.23B
Internet Content & Information8.6%+0.3pp$707M
Software - Infrastructure8.6%-2.4pp$704M
Specialty Retail6.4%+0.1pp$525M
Drug Manufacturers - General5.9%-2.0pp$482M
Consumer Electronics5.7%+1.5pp$467M
Financial - Data & Stock Exchanges4.9%-0.6pp$400M
Household & Personal Products4.2%-1.5pp$348M
Banks - Diversified4.2%+1.4pp$343M
Financial - Credit Services4.2%-0.3pp$340M
Country
US97.7%+1.7pp
UY1.5%+0.2pp
TW0.8%-1.8pp
MX0.0%-0.0pp
IN0.0%-0.0pp
Top 5: 33.4% · Top 10: 51.1% · Top 25: 82.5%
Top buys this quarter · 15
| AAPL Apple Inc. | +$126M |
| PWR Quanta Services, Inc. | +$101M |
| AVGO Broadcom Inc. | +$73M |
| ECL Ecolab Inc. | +$66M |
| ISRG Intuitive Surgical, Inc. | +$44M |
| AME AMETEK, Inc. | +$41M |
| C Citigroup Inc. | +$24M |
| DUK Duke Energy Corporation | +$17M |
| NVDA NVIDIA Corporation | +$793M |
| NFLX Netflix, Inc. | +$11M |
Top sells this quarter · 15
| TSM Taiwan Semiconductor Manufactu | −$430M |
| CL Colgate-Palmolive Company | −$158M |
| OTIS Otis Worldwide Corporation | −$153M |
| ZTS Zoetis Inc. | −$124M |
| NOW ServiceNow, Inc. | −$115M |
| FTNT Fortinet, Inc. | −$103M |
| DE Deere & Company | −$96M |
| EMR Emerson Electric Co. | −$78M |
| ROST Ross Stores, Inc. | −$70M |
| AMZN Amazon.com, Inc. | −$69M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $8.20B | 88 | +6.35% | +17.59% | -11.24% | -1.12B |
| 2025-12-31 | $9.63B | 77 | +4.70% | +17.72% | -13.02% | -0.43B |
| 2025-09-30 | $10.19B | 74 | +7.19% | +17.52% | -10.33% | -0.03B |
| 2025-06-30 | $10.05B | 80 | +12.01% | +14.94% | -2.93% | -0.27B |
| 2025-03-31 | $9.42B | 91 | +5.11% | +8.30% | -3.20% | +0.78B |
| 2024-12-31 | $9.06B | 62 | +22.77% | +24.89% | -2.11% | -1.65B |
| 2024-09-30 | $10.60B | 80 | +37.86% | +36.04% | +1.82% | -1.40B |
| 2024-06-30 | $11.29B | 83 | +22.91% | +24.49% | -1.58% | +0.85B |
| 2024-03-31 | $10.16B | 80 | +25.80% | +29.62% | -3.83% | +0.04B |
| 2023-12-31 | $9.10B | 84 | +21.63% | +26.18% | -4.55% | +0.01B |
| 2023-09-30 | $8.01B | 79 | +15.17% | +21.57% | -6.40% | -0.16B |
| 2023-06-30 | $8.62B | 81 | +13.07% | +19.42% | -6.35% | -0.32B |
| 2023-03-31 | $8.50B | 99 | -7.55% | -7.82% | +0.26% | +0.29B |
| 2022-12-31 | $7.64B | 90 | +7.44% | +7.56% | -0.12% | -0.12B |
| 2022-09-30 | $7.22B | 89 | -6.97% | -4.93% | -2.04% | -0.16B |
| 2022-06-30 | $7.93B | 88 | -14.01% | -16.11% | +2.10% | -0.62B |