Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-12.48%
trims when stocks drop
when a holding falls −10%+
Middle response
-9.31%
baseline attrition
Rally response
-15.69%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $77M | 6.4% | +60.9% | 9.0 yr |
| GOOGLAlphabet Inc. | $71M | 5.9% | — | 9.0 yr |
| NEENextEra Energy, Inc. | $27M | 2.2% | +34.9% | 9.8 yr |
| MRKMerck & Co., Inc. | $23M | 1.9% | +38.9% | 7.8 yr |
| TMOThermo Fisher Scientific | $22M | 1.8% | -0.9% | 8.5 yr |
| SPGIS&P Global Inc. | $21M | 1.7% | -15.6% | 9.3 yr |
| AMZNAmazon.com, Inc. | $20M | 1.7% | +9.5% | 8.5 yr |
| STLDSteel Dynamics, Inc. | $20M | 1.6% | +45.4% | 3.8 yr |
| ECLEcolab Inc. | $19M | 1.6% | +6.0% | 7.8 yr |
| WMWaste Management, Inc. | $19M | 1.6% | +0.8% | 4.8 yr |
| WPMWheaton Precious Metals | $19M | 1.5% | +70.0% | 2.8 yr |
| MFCManulife Financial Corpo | $18M | 1.5% | +15.0% | 6.5 yr |
| AMDAdvanced Micro Devices, | $18M | 1.5% | +98.0% | 8.5 yr |
| CCKCrown Holdings, Inc. | $17M | 1.4% | +13.6% | 6.3 yr |
| INTUIntuit Inc. | $16M | 1.4% | -29.3% | 7.8 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors12.4%+8.5pp$150M
Software - Application8.0%-0.4pp$97M
Internet Content & Information6.7%$81M
Drug Manufacturers - General5.3%+1.5pp$65M
Financial - Data & Stock Exchanges4.3%+3.1pp$51M
Medical - Diagnostics & Research3.8%+0.2pp$46M
Waste Management3.3%+0.3pp$39M
Specialty Retail3.2%-2.8pp$39M
Industrial - Machinery2.9%-1.8pp$35M
Unknown2.7%-2.3pp$33M
Country
US86.5%+4.5pp
CA5.0%-2.5pp
Unknown2.7%-2.3pp
IE2.3%+0.5pp
GB1.0%-2.4pp
BR0.7%+0.7pp
LU0.6%
SG0.4%
Top 5: 18.2% · Top 10: 26.5% · Top 25: 46.2%
Top buys this quarter · 15
| INTU Intuit Inc. | +$12M |
| ICE Intercontinental Exchange, Inc | +$11M |
| MSCI MSCI Inc. | +$9M |
| UBER Uber Technologies, Inc. | +$8M |
| SPOT Spotify Technology S.A.new | +$8M |
| AWK American Water Works Company, | +$7M |
| ENPH Enphase Energy, Inc. | +$7M |
| WMS Advanced Drainage Systems, Inc | +$7M |
| NU Nu Holdings Ltd.new | +$6M |
| GPN Global Payments Inc. | +$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.21B | 133 | +19.66% | +17.59% | +2.07% | -0.13B |
| 2025-12-31 | $1.31B | 124 | +12.72% | +17.72% | -5.00% | +0.44B |
| 2025-09-30 | $840M | 56 | +7.10% | +17.52% | -10.42% | -0.35B |
| 2025-06-30 | $1.13B | 123 | +10.81% | +14.94% | -4.13% | -0.05B |
| 2025-03-31 | $1.10B | 121 | +4.50% | +8.30% | -3.80% | -0.32B |
| 2024-12-31 | $1.47B | 179 | +16.09% | +24.89% | -8.80% | -0.02B |
| 2024-09-30 | $1.52B | 177 | +30.82% | +36.04% | -5.21% | -0.06B |
| 2024-06-30 | $1.46B | 208 | +14.88% | +24.49% | -9.62% | +0.42B |
| 2024-03-31 | $1.02B | 156 | +17.82% | +29.62% | -11.81% | -0.09B |
| 2023-12-31 | $1.03B | 162 | +16.56% | +26.18% | -9.62% | -0.45B |
| 2023-09-30 | $1.34B | 174 | +13.62% | +21.57% | -7.94% | +0.02B |
| 2023-06-30 | $1.39B | 179 | +10.80% | +19.42% | -8.62% | +0.04B |
| 2023-03-31 | $1.29B | 219 | -13.13% | -7.82% | -5.31% | +0.03B |
| 2022-12-31 | $1.19B | 211 | +8.21% | +7.56% | +0.65% | +0.01B |
| 2022-09-30 | $1.09B | 216 | -7.32% | -4.93% | -2.39% | +0.12B |
| 2022-06-30 | $1.05B | 185 | -17.84% | -16.11% | -1.73% | -0.13B |