Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-13.34%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.85%
steady accumulation
Rally response
-8.73%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $4.18B | 4.8% | +60.9% | 10.8 yr |
| — | $3.96B | 4.6% | — | 1.3 yr |
| AAPLApple Inc. | $3.23B | 3.8% | +14.7% | 10.8 yr |
| MSFTMicrosoft Corporation | $2.80B | 3.3% | -0.6% | 10.8 yr |
| GOOGLAlphabet Inc. | $2.04B | 2.4% | — | 10.3 yr |
| AMZNAmazon.com, Inc. | $1.75B | 2.0% | +9.5% | 10.8 yr |
| SPLGSPDR Portfolio S&P 500 E | $1.52B | 1.8% | — | 3.8 yr |
| JNJJohnson & Johnson | $1.39B | 1.6% | +51.5% | 10.8 yr |
| AZNAstraZeneca PLC | $1.26B | 1.5% | +36.2% | 0.3 yr |
| GOOGAlphabet Inc. | $1.26B | 1.5% | +84.3% | 10.3 yr |
| METAMeta Platforms, Inc. | $1.05B | 1.2% | -0.4% | 10.5 yr |
| AVGOBroadcom Inc. | $1.01B | 1.2% | +86.0% | 7.8 yr |
| JPMJPMorgan Chase & Co. | $912M | 1.1% | +21.8% | 10.8 yr |
| VICIVICI Properties Inc. | $846M | 1.0% | -11.1% | 8.0 yr |
| TOTB.DETotalEnergies SE | $752M | 0.9% | +41.2% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors10.9%+3.3pp$9.35B
Drug Manufacturers - General6.0%+1.3pp$5.15B
Asset Management5.3%+0.5pp$4.58B
Internet Content & Information5.3%+0.9pp$4.58B
Unknown5.3%-0.7pp$4.52B
Software - Infrastructure4.7%-0.5pp$4.03B
Consumer Electronics3.8%+0.3pp$3.29B
Specialty Retail3.3%-0.5pp$2.83B
Financial - Credit Services2.3%-0.1pp$1.97B
Banks - Diversified2.1%-0.1pp$1.83B
Country
US84.7%-2.5pp
Unknown5.3%-0.7pp
GB2.3%+1.5pp
CA1.9%+0.5pp
IE1.7%-0.1pp
FR0.9%+0.9pp
CH0.7%+0.0pp
TW0.5%+0.2pp
Top 5: 18.8% · Top 10: 27.2% · Top 25: 39.6%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$1.29B |
| NVDA NVIDIA Corporation | +$381M |
| ROST Ross Stores, Inc. | +$283M |
| AAPL Apple Inc. | +$249M |
| AMAT Applied Materials, Inc. | +$173M |
| ALL The Allstate Corporation | +$170M |
| 0HQN.L Cboe Global Markets, Inc. | +$153M |
| TJX The TJX Companies, Inc. | +$140M |
| DG Dollar General Corporation | +$140M |
| HST Host Hotels & Resorts, Inc. | +$139M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $86.14B | 1497 | +19.03% | +17.59% | +1.43% | +1.25B |
| 2025-12-31 | $86.94B | 1490 | +17.71% | +17.72% | -0.01% | +3.96B |
| 2025-09-30 | $80.91B | 1504 | +15.14% | +17.52% | -2.38% | +0.33B |
| 2025-06-30 | $74.66B | 1503 | +12.83% | +14.94% | -2.11% | +0.10B |
| 2025-03-31 | $67.70B | 1702 | +2.87% | +8.30% | -5.43% | +1.18B |
| 2024-12-31 | $68.88B | 1662 | +15.66% | +24.89% | -9.22% | +4.07B |
| 2024-09-30 | $64.61B | 1648 | +29.02% | +36.04% | -7.02% | -0.54B |
| 2024-06-30 | $61.60B | 1590 | +19.17% | +24.49% | -5.32% | +2.14B |
| 2024-03-31 | $59.21B | 1626 | +25.65% | +29.62% | -3.97% | +0.83B |
| 2023-12-31 | $53.77B | 1590 | +23.80% | +26.18% | -2.37% | -1.10B |
| 2023-09-30 | $49.03B | 1632 | +19.65% | +21.57% | -1.91% | +2.74B |
| 2023-06-30 | $47.39B | 1459 | +18.88% | +19.42% | -0.54% | -3.17B |
| 2023-03-31 | $47.75B | 1590 | -9.20% | -7.82% | -1.38% | -0.24B |
| 2022-12-31 | $44.87B | 1454 | -19.04% | -18.17% | -0.86% | -2.01B |
| 2022-09-30 | $43.35B | 1410 | -16.85% | -15.51% | -1.34% | -42.68B |
| 2022-06-30 | $88.64B | 1627 | -13.84% | -10.62% | -3.22% | -3.44B |