Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.91%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.49%
steady accumulation
Rally response
-1.88%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $82M | 5.7% | +14.7% | 10.5 yr |
| ROPRoper Technologies, Inc. | $67M | 4.6% | -39.7% | 10.5 yr |
| FLEXFlex Ltd. | $54M | 3.7% | +97.9% | 10.5 yr |
| PHParker-Hannifin Corporat | $45M | 3.1% | +48.6% | 10.5 yr |
| SPYState Street SPDR S&P 50 | $45M | 3.1% | +17.6% | 10.5 yr |
| GOOGAlphabet Inc. | $35M | 2.4% | +84.3% | 10.3 yr |
| JPMJPMorgan Chase & Co. | $31M | 2.1% | +21.8% | 10.5 yr |
| VTIVanguard Total Stock Mar | $29M | 2.0% | — | 9.3 yr |
| BRK-BBerkshire Hathaway Inc. | $29M | 2.0% | — | 10.5 yr |
| CATCaterpillar Inc. | $27M | 1.9% | +117.8% | 10.5 yr |
| MSFTMicrosoft Corporation | $27M | 1.8% | -0.6% | 10.5 yr |
| GOOGLAlphabet Inc. | $26M | 1.8% | — | 10.3 yr |
| AMZNAmazon.com, Inc. | $23M | 1.6% | +9.5% | 9.3 yr |
| VEUVanguard FTSE All-World | $23M | 1.6% | — | 9.5 yr |
| AWKAmerican Water Works Com | $23M | 1.6% | -5.4% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management20.0%+2.9pp$289M
Consumer Electronics6.9%+0.3pp$100M
Software - Application6.2%-5.0pp$89M
Hardware, Equipment & Parts5.3%+1.4pp$76M
Internet Content & Information5.2%+1.8pp$75M
Semiconductors4.0%+1.0pp$58M
Industrial - Machinery4.0%+0.3pp$58M
Aerospace & Defense3.1%+0.5pp$44M
Banks - Diversified3.1%-0.1pp$44M
Software - Infrastructure2.7%-0.1pp$40M
Country
US90.7%-2.6pp
SG3.8%+1.4pp
CA1.2%+0.6pp
BM1.0%-0.1pp
TW1.0%+0.4pp
NL0.4%+0.1pp
IE0.4%+0.1pp
CH0.4%-0.2pp
Top 5: 20.2% · Top 10: 30.7% · Top 25: 50.2%
Top buys this quarter · 15
| META Meta Platforms, Inc. | +$4M |
| SHOP Shopify Inc.new | +$3M |
| HD The Home Depot, Inc. | +$2M |
| CRM Salesforce, Inc. | +$2M |
| NOW ServiceNow, Inc. | +$2M |
| AXON Axon Enterprise, Inc. | +$2M |
| AMZN Amazon.com, Inc. | +$23M |
| PYPL PayPal Holdings, Inc. | +$1M |
| DEO Diageo plc | +$1M |
| BAX Baxter International Inc. | +$1M |
Top sells this quarter · 15
| AJG Arthur J. Gallagher & Co. | −$5M |
| MSCI MSCI Inc.exit | −$4M |
| INTC Intel Corporation | −$3M |
| WST West Pharmaceutical Services, exit | −$3M |
| BSY Bentley Systems, Incorporatedexit | −$3M |
| FICO Fair Isaac Corporation | −$2M |
| PKST Peakstone Realty Trustexit | −$2M |
| CF CF Industries Holdings, Inc. | −$2M |
| SU Suncor Energy Inc.exit | −$2M |
| ALC Alcon Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.44B | 438 | +14.69% | +17.59% | -2.91% | +0.03B |
| 2025-12-31 | $1.46B | 431 | +16.88% | +17.72% | -0.84% | +0.00B |
| 2025-09-30 | $1.42B | 405 | +13.16% | +17.52% | -4.36% | -0.01B |
| 2025-06-30 | $1.33B | 401 | +11.75% | +14.94% | -3.19% | -0.03B |
| 2025-03-31 | $1.26B | 400 | +4.79% | +8.30% | -3.51% | +0.04B |
| 2024-12-31 | $1.24B | 374 | +15.03% | +24.89% | -9.86% | +0.02B |
| 2024-09-30 | $1.22B | 357 | +27.48% | +36.04% | -8.55% | +0.00B |
| 2024-06-30 | $1.15B | 351 | +15.24% | +24.49% | -9.25% | +0.00B |
| 2024-03-31 | $1.14B | 356 | +21.28% | +29.62% | -8.34% | +0.01B |
| 2023-12-31 | $1.04B | 342 | +16.11% | +26.18% | -10.06% | -0.02B |
| 2023-09-30 | $958M | 327 | +15.83% | +21.57% | -5.74% | -0.02B |
| 2023-06-30 | $1.02B | 340 | +21.72% | +19.42% | +2.30% | +0.00B |
| 2023-03-31 | $957M | 367 | -6.76% | -7.82% | +1.05% | +0.15B |
| 2022-12-31 | $783M | 343 | -13.93% | -18.17% | +4.24% | +0.01B |
| 2022-09-30 | $705M | 348 | -13.37% | -15.51% | +2.14% | -0.04B |
| 2022-06-30 | $736M | 388 | -13.44% | -10.62% | -2.82% | +0.04B |