Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-6.62%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.63%
steady accumulation
Rally response
-0.35%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $68M | 5.5% | +60.9% | 6.3 yr |
| GOOGLAlphabet Inc. | $59M | 4.8% | — | 9.5 yr |
| AAPLApple Inc. | $58M | 4.7% | +14.7% | 10.3 yr |
| AMZNAmazon.com, Inc. | $50M | 4.0% | +9.5% | 10.3 yr |
| MSFTMicrosoft Corporation | $41M | 3.3% | -0.6% | 10.3 yr |
| XLKState Street Technology | $31M | 2.5% | — | 10.0 yr |
| METAMeta Platforms, Inc. | $29M | 2.3% | -0.4% | 10.0 yr |
| MRKMerck & Co., Inc. | $25M | 2.0% | +38.9% | 10.0 yr |
| USFRWisdomTree Floating Rate | $24M | 2.0% | — | 4.0 yr |
| AVGOBroadcom Inc. | $24M | 1.9% | +86.0% | 3.0 yr |
| JPMJPMorgan Chase & Co. | $22M | 1.8% | +21.8% | 10.0 yr |
| ASMLASML Holding N.V. | $22M | 1.8% | +100.9% | 1.5 yr |
| MAMastercard Incorporated | $21M | 1.7% | -8.5% | 10.0 yr |
| SPSMState Street SPDR Portfo | $21M | 1.7% | — | 8.3 yr |
| SOXXiShares Semiconductor ET | $19M | 1.6% | — | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management16.5%-0.5pp$204M
Semiconductors10.2%+2.8pp$126M
Internet Content & Information7.4%+1.6pp$92M
Software - Infrastructure5.1%-0.7pp$63M
Drug Manufacturers - General4.8%+1.1pp$59M
Consumer Electronics4.7%+0.8pp$58M
Banks - Diversified4.6%+0.5pp$57M
Specialty Retail4.2%+0.4pp$52M
Industrial - Machinery3.0%-0.1pp$37M
Regulated Electric2.8%+0.4pp$34M
Country
US96.5%-1.5pp
NL1.8%+1.7pp
IE1.2%-0.1pp
GB0.2%-0.0pp
CH0.1%-0.0pp
Unknown0.1%+0.0pp
UY0.1%-0.0pp
BR0.1%
Top 5: 22.3% · Top 10: 33.1% · Top 25: 55.1%
Top buys this quarter · 15
| GWW W.W. Grainger, Inc. | +$14M |
| APD Air Products and Chemicals, In | +$6M |
| AMZN Amazon.com, Inc. | +$50M |
| SBUX Starbucks Corporation | +$4M |
| UPS United Parcel Service, Inc. | +$4M |
| MSFT Microsoft Corporation | +$41M |
| PANW Palo Alto Networks, Inc. | +$17M |
| RMD ResMed Inc. | +$1M |
| ADBE Adobe Inc. | +$11M |
| VRT Vertiv Holdings Conew | +$1M |
Top sells this quarter · 15
| ETR Entergy Corporation | −$8M |
| WM Waste Management, Inc. | −$8M |
| GILD Gilead Sciences, Inc.exit | −$4M |
| MCK McKesson Corporation | −$3M |
| HON Honeywell International Inc.exit | −$3M |
| LMT Lockheed Martin Corporation | −$17M |
| PH Parker-Hannifin Corporation | −$3M |
| DG Dollar General Corporationexit | −$3M |
| ETN Eaton Corporation plc | −$3M |
| LEN Lennar Corporationexit | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.24B | 254 | +15.17% | +17.59% | -2.42% | -0.00B |
| 2025-12-31 | $1.27B | 258 | +14.79% | +17.72% | -2.93% | +0.02B |
| 2025-09-30 | $1.23B | 247 | +16.20% | +17.52% | -1.31% | +0.01B |
| 2025-06-30 | $1.15B | 236 | +15.13% | +14.94% | +0.19% | -0.01B |
| 2025-03-31 | $1.06B | 231 | +7.41% | +8.30% | -0.89% | +0.02B |
| 2024-12-31 | $1.07B | 227 | +20.47% | +24.89% | -4.42% | -0.02B |
| 2024-09-30 | $1.06B | 235 | +30.43% | +36.04% | -5.61% | +0.01B |
| 2024-06-30 | $1.00B | 224 | +18.61% | +24.49% | -5.89% | -0.02B |
| 2024-03-31 | $990M | 232 | +24.76% | +29.62% | -4.87% | +0.04B |
| 2023-12-31 | $876M | 232 | +20.43% | +26.18% | -5.75% | +0.02B |
| 2023-09-30 | $764M | 227 | +17.48% | +21.57% | -4.09% | +0.01B |
| 2023-06-30 | $792M | 228 | +16.48% | +19.42% | -2.95% | -0.02B |
| 2023-03-31 | $748M | 222 | -5.21% | -7.82% | +2.61% | +0.01B |
| 2022-12-31 | $707M | 223 | -13.68% | -18.17% | +4.50% | +0.01B |
| 2022-09-30 | $642M | 208 | -12.00% | -15.51% | +3.50% | +0.00B |
| 2022-06-30 | $677M | 206 | -6.23% | -10.62% | +4.39% | -0.01B |