Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.62%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.17%
steady accumulation
Rally response
-2.62%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $5.04B | 5.9% | +60.9% | 10.5 yr |
| AAPLApple Inc. | $3.78B | 4.4% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $3.48B | 4.1% | -0.6% | 10.3 yr |
| AMZNAmazon.com, Inc. | $2.45B | 2.9% | +9.5% | 10.5 yr |
| GOOGLAlphabet Inc. | $2.30B | 2.7% | — | 10.5 yr |
| AVGOBroadcom Inc. | $1.68B | 2.0% | +86.0% | 8.0 yr |
| AZNAstraZeneca PLC | $1.48B | 1.7% | +36.2% | 0.3 yr |
| METAMeta Platforms, Inc. | $1.35B | 1.6% | -0.4% | 10.5 yr |
| GOOGAlphabet Inc. | $1.17B | 1.4% | +84.3% | 10.5 yr |
| LLYEli Lilly and Company | $1.06B | 1.2% | +12.2% | 10.5 yr |
| TSLATesla, Inc. | $935M | 1.1% | +43.4% | 10.5 yr |
| TOTB.DETotalEnergies SE | $906M | 1.1% | +41.2% | 0.5 yr |
| AMDAdvanced Micro Devices, | $852M | 1.0% | +98.0% | 9.3 yr |
| LRCXLam Research Corporation | $736M | 0.9% | +196.1% | 1.5 yr |
| COSTCostco Wholesale Corpora | $703M | 0.8% | +5.9% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors14.7%+4.2pp$12.54B
Software - Infrastructure6.5%-1.6pp$5.57B
Drug Manufacturers - General5.9%+1.6pp$5.07B
Internet Content & Information5.9%+1.7pp$5.03B
Consumer Electronics4.6%+0.0pp$3.92B
Software - Application3.8%-1.1pp$3.27B
Specialty Retail3.8%-0.7pp$3.24B
Medical - Devices2.6%-1.0pp$2.25B
Biotechnology2.6%-0.6pp$2.21B
Industrial - Machinery2.2%-0.6pp$1.87B
Country
US86.5%-8.6pp
GB2.7%+2.4pp
IE2.2%+1.1pp
CA2.1%+1.0pp
FR1.1%
Unknown0.9%+0.4pp
TW0.7%+0.1pp
CH0.6%+0.5pp
Top 5: 19.9% · Top 10: 27.8% · Top 25: 39.3%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$1.50B |
| TOTB.DE TotalEnergies SE | +$662M |
| DB Deutsche Bank AG | +$275M |
| MRVL Marvell Technology, Inc. | +$243M |
| STLA Stellantis N.V. | +$223M |
| AVGO Broadcom Inc. | +$223M |
| RACE Ferrari N.V. | +$211M |
| LLY Eli Lilly and Company | +$202M |
| GE GE Aerospace | +$183M |
| LIN Linde plc | +$181M |
Top sells this quarter · 15
| CIEN Ciena Corporation | −$369M |
| AAPL Apple Inc. | −$255M |
| AMZN Amazon.com, Inc. | −$207M |
| TSLA Tesla, Inc. | −$185M |
| JNJ Johnson & Johnson | −$182M |
| META Meta Platforms, Inc. | −$175M |
| QCOM QUALCOMM Incorporated | −$168M |
| ETN Eaton Corporation plc | −$153M |
| ISRG Intuitive Surgical, Inc. | −$145M |
| ECL Ecolab Inc. | −$132M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $85.48B | 2173 | +17.05% | +17.59% | -0.54% | +4.46B |
| 2025-12-31 | $86.22B | 2164 | +16.86% | +17.72% | -0.86% | +46.56B |
| 2025-09-30 | $38.27B | 1792 | +13.93% | +17.52% | -3.59% | -5.44B |
| 2025-06-30 | $40.60B | 1992 | +11.33% | +14.94% | -3.61% | -0.63B |
| 2025-03-31 | $36.93B | 775 | +1.18% | +8.30% | -7.13% | -0.53B |
| 2024-12-31 | $39.93B | 809 | +14.56% | +24.89% | -10.33% | -0.45B |
| 2024-09-30 | $39.96B | 789 | +27.18% | +36.04% | -8.86% | -0.34B |
| 2024-06-30 | $38.31B | 880 | +14.29% | +24.49% | -10.20% | +0.53B |
| 2024-03-31 | $37.24B | 797 | +20.20% | +29.62% | -9.42% | -0.45B |
| 2023-12-31 | $35.48B | 759 | +20.66% | +26.18% | -5.51% | -0.66B |
| 2023-09-30 | $32.22B | 763 | +13.53% | +21.57% | -8.04% | +2.17B |
| 2023-06-30 | $31.79B | 763 | +13.81% | +19.42% | -5.62% | +1.58B |
| 2023-03-31 | $28.31B | 791 | -10.95% | -7.82% | -3.13% | -0.88B |
| 2022-12-31 | $27.37B | 804 | +5.56% | +7.56% | -2.00% | +1.16B |
| 2022-09-30 | $24.83B | 794 | -5.24% | -4.93% | -0.31% | +0.78B |
| 2022-06-30 | $25.38B | 825 | -16.51% | -16.11% | -0.40% | +1.94B |