Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.67%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.04%
steady accumulation
Rally response
+0.42%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGLAlphabet Inc. | $171M | 3.3% | — | 10.5 yr |
| AAPLApple Inc. | $169M | 3.3% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $157M | 3.1% | -0.6% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $121M | 2.4% | +21.8% | 10.5 yr |
| NVDANVIDIA Corporation | $114M | 2.2% | +60.9% | 10.3 yr |
| AVGOBroadcom Inc. | $111M | 2.2% | +86.0% | 6.8 yr |
| AMZNAmazon.com, Inc. | $101M | 2.0% | +9.5% | 10.5 yr |
| BRK-BBerkshire Hathaway Inc. | $93M | 1.8% | — | 10.3 yr |
| METAMeta Platforms, Inc. | $91M | 1.8% | -0.4% | 10.5 yr |
| SYKStryker Corporation | $78M | 1.5% | -11.1% | 10.5 yr |
| SCHWThe Charles Schwab Corpo | $77M | 1.5% | +21.5% | 10.5 yr |
| MAMastercard Incorporated | $69M | 1.4% | -8.5% | 10.5 yr |
| ETNEaton Corporation plc | $69M | 1.3% | +33.2% | 10.5 yr |
| GOOGAlphabet Inc. | $66M | 1.3% | +84.3% | 10.5 yr |
| AMATApplied Materials, Inc. | $57M | 1.1% | +137.6% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management15.6%+1.9pp$798M
Semiconductors7.2%+1.9pp$371M
Internet Content & Information7.0%+1.3pp$358M
Software - Infrastructure4.7%-0.1pp$243M
Specialty Retail4.4%-0.2pp$227M
Drug Manufacturers - General3.5%+0.7pp$179M
Industrial - Machinery3.4%+0.2pp$173M
Banks - Diversified3.3%+0.2pp$171M
Consumer Electronics3.3%+0.3pp$169M
Financial - Credit Services2.7%-0.7pp$141M
Country
US94.9%+0.8pp
IE2.1%-0.4pp
CH1.0%+0.0pp
CA0.5%+0.1pp
MX0.4%+0.1pp
GB0.2%-0.4pp
BR0.2%-0.2pp
DK0.1%-0.3pp
Top 5: 14.3% · Top 10: 23.5% · Top 25: 39.8%
Top buys this quarter · 15
| DECK Deckers Outdoor Corporationnew | +$32M |
| HD The Home Depot, Inc. | +$15M |
| COIN Coinbase Global, Inc. | +$9M |
| HOOD Robinhood Markets, Inc. | +$8M |
| SYK Stryker Corporation | +$78M |
| Q Qnity Electronics, Inc. | +$7M |
| CRWD CrowdStrike Holdings, Inc. | +$7M |
| PYPL PayPal Holdings, Inc. | +$5M |
| MSFT Microsoft Corporation | +$157M |
| ABBV AbbVie Inc. | +$4M |
Top sells this quarter · 15
| CART Instacart (Maplebear Inc.)exit | −$21M |
| HOLX Hologic, Inc. | −$17M |
| RELX RELX Plc | −$11M |
| SPY State Street SPDR S&P 500 ETF | −$11M |
| AMAT Applied Materials, Inc. | −$50M |
| SOUN SoundHound AI, Inc.exit | −$9M |
| CRDO Credo Technology Group Holding | −$9M |
| JNJ Johnson & Johnson | −$8M |
| NVDA NVIDIA Corporation | −$8M |
| UPST Upstart Holdings, Inc.exit | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $5.13B | 557 | +13.95% | +17.59% | -3.64% | -0.08B |
| 2025-12-31 | $5.42B | 562 | +14.49% | +17.72% | -3.23% | +0.13B |
| 2025-09-30 | $5.30B | 550 | +17.47% | +17.52% | -0.05% | -0.02B |
| 2025-06-30 | $4.97B | 540 | +17.38% | +14.94% | +2.44% | +0.29B |
| 2025-03-31 | $4.21B | 482 | +6.04% | +8.30% | -2.26% | +0.85B |
| 2024-12-31 | $3.48B | 454 | +19.62% | +24.89% | -5.26% | +0.01B |
| 2024-09-30 | $3.40B | 462 | +32.19% | +36.04% | -3.85% | -0.03B |
| 2024-06-30 | $3.21B | 465 | +18.88% | +24.49% | -5.61% | -0.02B |
| 2024-03-31 | $3.21B | 493 | +27.17% | +29.62% | -2.45% | +0.04B |
| 2023-12-31 | $2.91B | 481 | +24.03% | +26.18% | -2.15% | -0.03B |
| 2023-09-30 | $2.60B | 481 | +18.08% | +21.57% | -3.49% | +0.01B |
| 2023-06-30 | $2.70B | 493 | +17.45% | +19.42% | -1.98% | +0.01B |
| 2023-03-31 | $2.51B | 503 | -9.36% | -7.82% | -1.54% | +0.04B |
| 2022-12-31 | $2.32B | 508 | -18.62% | -18.17% | -0.45% | +0.07B |
| 2022-09-30 | $2.10B | 472 | -15.92% | -15.51% | -0.42% | -0.07B |
| 2022-06-30 | $2.26B | 533 | -11.57% | -10.62% | -0.95% | -0.01B |