Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.13%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.62%
baseline attrition
Rally response
-4.85%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $200M | 7.6% | +60.9% | 9.0 yr |
| AAPLApple Inc. | $177M | 6.7% | +14.7% | 10.0 yr |
| MSFTMicrosoft Corporation | $126M | 4.8% | -0.6% | 9.8 yr |
| AMZNAmazon.com, Inc. | $96M | 3.6% | +9.5% | 9.3 yr |
| GOOGLAlphabet Inc. | $78M | 3.0% | — | 8.8 yr |
| AVGOBroadcom Inc. | $64M | 2.4% | +86.0% | 6.3 yr |
| GOOGAlphabet Inc. | $63M | 2.4% | +84.3% | 9.3 yr |
| METAMeta Platforms, Inc. | $55M | 2.1% | -0.4% | 10.0 yr |
| TSLATesla, Inc. | $50M | 1.9% | +43.4% | 6.3 yr |
| JPMJPMorgan Chase & Co. | $34M | 1.3% | +21.8% | 10.0 yr |
| LLYEli Lilly and Company | $33M | 1.3% | +12.2% | 9.0 yr |
| JNJJohnson & Johnson | $33M | 1.3% | +51.5% | 10.3 yr |
| WMTWalmart Inc. | $31M | 1.2% | +42.8% | 5.3 yr |
| VVisa Inc. | $28M | 1.1% | -13.1% | 10.0 yr |
| COSTCostco Wholesale Corpora | $22M | 0.8% | +5.9% | 8.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors15.3%+4.3pp$402M
Internet Content & Information7.8%+0.7pp$206M
Consumer Electronics6.7%-0.7pp$177M
Software - Infrastructure6.6%-1.1pp$174M
Drug Manufacturers - General5.2%-0.2pp$137M
Specialty Retail4.9%+0.3pp$130M
Banks - Diversified4.9%-0.4pp$128M
Regulated Electric2.9%+1.1pp$75M
Financial - Credit Services2.6%-1.2pp$69M
Discount Stores2.3%+0.6pp$60M
Country
US93.8%+4.5pp
CA3.9%-3.1pp
IE0.9%-0.3pp
SG0.5%+0.4pp
Unknown0.2%-1.5pp
LU0.2%
CH0.2%
UY0.1%
Top 5: 25.7% · Top 10: 35.8% · Top 25: 49.1%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$17M |
| AAPL Apple Inc. | +$13M |
| STX Seagate Technology Holdings plnew | +$11M |
| AZO AutoZone, Inc. | +$9M |
| MSFT Microsoft Corporation | +$126M |
| WMT Walmart Inc. | +$8M |
| KLAC KLA Corporation | +$7M |
| CAT Caterpillar Inc. | +$6M |
| AMZN Amazon.com, Inc. | +$96M |
| KMB Kimberly-Clark Corporation | +$6M |
Top sells this quarter · 15
| NTRA Natera, Inc. | −$33M |
| TPR Tapestry, Inc. | −$30M |
| ALNY Alnylam Pharmaceuticals, Inc. | −$24M |
| UTHR United Therapeutics Corporatio | −$15M |
| RMD ResMed Inc. | −$14M |
| MCK McKesson Corporation | −$13M |
| AMP Ameriprise Financial, Inc. | −$9M |
| HOLX Hologic, Inc. | −$9M |
| GE GE Aerospace | −$9M |
| CHD Church & Dwight Co., Inc. | −$9M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.63B | 451 | +26.00% | +17.59% | +8.41% | +0.32B |
| 2025-12-31 | $2.35B | 264 | +22.11% | +17.72% | +4.39% | +0.14B |
| 2025-09-30 | $2.12B | 251 | +20.16% | +17.52% | +2.65% | -0.04B |
| 2025-06-30 | $1.98B | 275 | +17.07% | +14.94% | +2.13% | +0.03B |
| 2025-03-31 | $1.74B | 264 | +5.55% | +8.30% | -2.76% | +0.46B |
| 2024-12-31 | $1.34B | 252 | +20.68% | +24.89% | -4.21% | +0.12B |
| 2024-09-30 | $1.19B | 227 | +31.69% | +36.04% | -4.35% | +0.15B |
| 2024-06-30 | $983M | 205 | +16.53% | +24.49% | -7.96% | -0.46B |
| 2024-03-31 | $1.42B | 348 | +20.92% | +29.62% | -8.71% | +0.60B |
| 2023-12-31 | $748M | 162 | +11.82% | +26.18% | -14.36% | +0.06B |
| 2023-09-30 | $618M | 141 | +9.05% | +21.57% | -12.52% | -0.04B |
| 2023-06-30 | $704M | 141 | +10.76% | +19.42% | -8.66% | -0.50B |
| 2023-03-31 | $1.15B | 396 | -9.67% | -7.82% | -1.86% | -0.12B |
| 2022-12-31 | $1.25B | 358 | +9.15% | +7.56% | +1.59% | -0.04B |
| 2022-09-30 | $1.18B | 274 | -4.55% | -4.93% | +0.38% | +0.05B |
| 2022-06-30 | $1.18B | 323 | -14.16% | -16.11% | +1.95% | +0.09B |