Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.04%
adds when stocks drop
when a holding falls −10%+
Middle response
+4.39%
steady accumulation
Rally response
-6.68%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $1.14B | 5.8% | +60.9% | 8.5 yr |
| AAPLApple Inc. | $1.01B | 5.1% | +14.7% | 8.3 yr |
| MSFTMicrosoft Corporation | $748M | 3.8% | -0.6% | 8.5 yr |
| AMZNAmazon.com, Inc. | $531M | 2.7% | +9.5% | 8.3 yr |
| GOOGLAlphabet Inc. | $434M | 2.2% | — | 8.5 yr |
| AVGOBroadcom Inc. | $401M | 2.0% | +86.0% | 7.8 yr |
| GOOGAlphabet Inc. | $348M | 1.8% | +84.3% | 7.8 yr |
| METAMeta Platforms, Inc. | $334M | 1.7% | -0.4% | 8.5 yr |
| TSLATesla, Inc. | $288M | 1.5% | +43.4% | 6.3 yr |
| BRK-BBerkshire Hathaway Inc. | $205M | 1.0% | — | 8.3 yr |
| LLYEli Lilly and Company | $204M | 1.0% | +12.2% | 8.5 yr |
| SPYState Street SPDR S&P 50 | $196M | 1.0% | +17.6% | 8.5 yr |
| JPMJPMorgan Chase & Co. | $185M | 0.9% | +21.8% | 8.5 yr |
| BSVVanguard Short-Term Bond | $178M | 0.9% | — | 2.3 yr |
| XOMExxon Mobil Corporation | $166M | 0.8% | +47.6% | 8.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors11.5%+3.7pp$2.25B
Internet Content & Information5.9%+1.0pp$1.16B
Software - Infrastructure5.8%-0.5pp$1.13B
Consumer Electronics5.2%-0.2pp$1.03B
Asset Management4.0%-1.1pp$776M
Drug Manufacturers - General3.7%+0.2pp$727M
Specialty Retail3.5%-0.3pp$677M
Aerospace & Defense2.3%+0.6pp$457M
Banks - Regional2.3%-0.5pp$448M
Industrial - Machinery2.1%+0.2pp$415M
Country
US95.9%-0.4pp
IE1.0%-0.1pp
Unknown0.8%+0.1pp
GB0.7%+0.2pp
BM0.3%+0.1pp
CH0.3%+0.0pp
SG0.2%+0.1pp
KY0.1%+0.1pp
Top 5: 19.7% · Top 10: 27.8% · Top 25: 38.3%
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$60M |
| AZN AstraZeneca PLCnew | +$29M |
| SARO StandardAero, Inc. | +$21M |
| ONB Old National Bancorp | +$21M |
| VRT Vertiv Holdings Co | +$21M |
| VOYA Voya Financial, Inc. | +$20M |
| LTC LTC Properties, Inc. | +$17M |
| SLG SL Green Realty Corp. | +$15M |
| UCTT Ultra Clean Holdings, Inc. | +$15M |
| CALX Calix, Inc. | +$14M |
Top sells this quarter · 15
| AAPL Apple Inc. | −$31M |
| NVDA NVIDIA Corporation | −$27M |
| AUB Atlantic Union Bankshares Corp | −$19M |
| MSFT Microsoft Corporation | −$18M |
| ALKS Alkermes plc | −$16M |
| NHI National Health Investors, Inc | −$15M |
| CIEN Ciena Corporation | −$14M |
| DX Dynex Capital, Inc. | −$14M |
| CPRX Catalyst Pharmaceuticals, Inc. | −$13M |
| LITE Lumentum Holdings Inc. | −$13M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $19.58B | 2758 | +18.21% | +17.59% | +0.62% | -0.28B |
| 2025-12-31 | $20.66B | 2802 | +16.11% | +17.72% | -1.61% | -0.61B |
| 2025-09-30 | $20.83B | 2838 | +16.22% | +17.52% | -1.29% | +2.29B |
| 2025-06-30 | $17.03B | 2716 | +13.50% | +14.94% | -1.45% | -3.45B |
| 2025-03-31 | $18.51B | 2775 | +4.13% | +8.30% | -4.18% | +1.13B |
| 2024-12-31 | $18.41B | 2804 | +18.56% | +24.89% | -6.33% | +0.60B |
| 2024-09-30 | $17.42B | 2842 | +29.80% | +36.04% | -6.24% | -0.46B |
| 2024-06-30 | $16.82B | 2874 | +17.12% | +24.49% | -7.37% | +1.73B |
| 2024-03-31 | $14.87B | 2778 | +24.00% | +29.62% | -5.62% | +0.16B |
| 2023-12-31 | $13.68B | 2816 | +22.89% | +26.18% | -3.28% | -0.61B |
| 2023-09-30 | $12.77B | 2952 | +17.06% | +21.57% | -4.51% | -0.08B |
| 2023-06-30 | $13.40B | 2929 | +16.99% | +19.42% | -2.43% | -1.71B |
| 2023-03-31 | $14.07B | 2978 | -7.91% | -7.82% | -0.09% | +0.32B |
| 2022-12-31 | $12.90B | 2828 | -17.55% | -18.17% | +0.62% | +0.45B |
| 2022-09-30 | $11.69B | 2797 | -14.11% | -15.51% | +1.40% | -0.36B |
| 2022-06-30 | $12.57B | 2857 | -9.89% | -10.62% | +0.73% | -0.26B |