Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-9.83%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.70%
baseline attrition
Rally response
-1.47%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $504M | 6.7% | +60.9% | 8.3 yr |
| MSFTMicrosoft Corporation | $492M | 6.5% | -0.6% | 10.3 yr |
| AAPLApple Inc. | $427M | 5.7% | +14.7% | 10.3 yr |
| AVGOBroadcom Inc. | $379M | 5.0% | +86.0% | 7.8 yr |
| AMZNAmazon.com, Inc. | $342M | 4.5% | +9.5% | 10.3 yr |
| GOOGLAlphabet Inc. | $277M | 3.7% | — | 10.3 yr |
| GOOGAlphabet Inc. | $198M | 2.6% | +84.3% | 10.3 yr |
| METAMeta Platforms, Inc. | $185M | 2.5% | -0.4% | 10.0 yr |
| TSMTaiwan Semiconductor Man | $180M | 2.4% | +105.6% | 10.3 yr |
| JPMJPMorgan Chase & Co. | $164M | 2.2% | +21.8% | 10.3 yr |
| MRKMerck & Co., Inc. | $153M | 2.0% | +38.9% | 8.0 yr |
| JNJJohnson & Johnson | $128M | 1.7% | +51.5% | 10.3 yr |
| KLACKLA Corporation | $119M | 1.6% | +118.2% | 8.8 yr |
| ABBVAbbVie Inc. | $108M | 1.4% | +7.3% | 9.3 yr |
| CMECME Group Inc. | $107M | 1.4% | +15.6% | 8.8 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors19.1%+5.6pp$1.44B
Internet Content & Information8.7%+0.5pp$660M
Software - Infrastructure8.7%-0.5pp$656M
Drug Manufacturers - General7.9%+1.5pp$599M
Consumer Electronics5.7%-0.3pp$427M
Specialty Retail5.0%-0.6pp$378M
Industrial - Machinery3.3%+1.0pp$252M
Banks - Diversified3.1%+0.1pp$236M
Aerospace & Defense2.0%+2.0pp$153M
Software - Application1.8%-1.8pp$134M
Country
US96.5%+0.2pp
TW2.4%+1.0pp
CA0.6%-0.3pp
IL0.2%
UY0.2%-0.7pp
Unknown0.0%
CN0.0%-0.0pp
IN0.0%-0.2pp
Top 5: 28.4% · Top 10: 41.7% · Top 25: 61.2%
Top buys this quarter · 15
| FAST Fastenal Companynew | +$44M |
| XOM Exxon Mobil Corporation | +$42M |
| BMY Bristol-Myers Squibb Company | +$35M |
| TXT Textron Inc.new | +$34M |
| SUNB Sunbelt Rentals Holdings Incnew | +$32M |
| MA Mastercard Incorporated | +$31M |
| NFLX Netflix, Inc. | +$28M |
| CL Colgate-Palmolive Company | +$25M |
| SWK Stanley Black & Decker, Inc. | +$23M |
| CME CME Group Inc. | +$22M |
Top sells this quarter · 15
| TJX The TJX Companies, Inc. | −$98M |
| ADP Automatic Data Processing, Inc | −$47M |
| VZ Verizon Communications Inc. | −$39M |
| QCOM QUALCOMM Incorporatedexit | −$39M |
| MCO Moody's Corporationexit | −$38M |
| JLL Jones Lang LaSalle Incorporateexit | −$36M |
| MU Micron Technology, Inc. | −$34M |
| ROK Rockwell Automation, Inc. | −$34M |
| CDNS Cadence Design Systems, Inc. | −$33M |
| BURL Burlington Stores, Inc. | −$31M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $7.55B | 162 | +23.43% | +17.59% | +5.84% | -0.52B |
| 2025-12-31 | $8.40B | 159 | +20.13% | +17.72% | +2.41% | -0.25B |
| 2025-09-30 | $8.43B | 153 | +21.31% | +17.52% | +3.79% | -0.11B |
| 2025-06-30 | $7.81B | 152 | +16.65% | +14.94% | +1.71% | -0.04B |
| 2025-03-31 | $6.86B | 152 | +6.36% | +8.30% | -1.95% | -0.24B |
| 2024-12-31 | $7.59B | 153 | +21.50% | +24.89% | -3.39% | -0.02B |
| 2024-09-30 | $7.34B | 142 | +22.72% | +36.04% | -13.32% | -0.14B |
| 2024-06-30 | $7.11B | 141 | +23.56% | +39.81% | -16.24% | +0.15B |
| 2024-03-31 | $6.67B | 142 | +27.47% | +43.93% | -16.46% | -0.04B |
| 2023-12-31 | $6.28B | 144 | +29.07% | +40.24% | -11.17% | -0.19B |
| 2023-06-30 | $6.18B | 160 | +18.12% | +19.42% | -1.30% | +0.12B |
| 2023-03-31 | $5.73B | 163 | -5.98% | -7.82% | +1.83% | -0.23B |
| 2022-12-31 | $5.54B | 165 | +8.15% | +7.56% | +0.59% | +0.19B |
| 2022-09-30 | $4.95B | 164 | -4.17% | -4.93% | +0.76% | -0.14B |
| 2022-06-30 | $5.31B | 172 | -15.73% | -16.11% | +0.38% | -0.40B |
| 2022-03-31 | $6.77B | 169 | — | — | — | -0.99B |