Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.88%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.96%
steady accumulation
Rally response
+1.32%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $1.19B | 6.5% | +60.9% | 10.3 yr |
| AAPLApple Inc. | $1.04B | 5.7% | +14.7% | 10.3 yr |
| MSFTMicrosoft Corporation | $767M | 4.2% | -0.6% | 10.3 yr |
| AMZNAmazon.com, Inc. | $513M | 2.8% | +9.5% | 10.3 yr |
| IEMGiShares Core MSCI Emergi | $479M | 2.6% | — | 5.3 yr |
| GOOGLAlphabet Inc. | $474M | 2.6% | — | 10.0 yr |
| GOOGAlphabet Inc. | $410M | 2.2% | +84.3% | 10.0 yr |
| METAMeta Platforms, Inc. | $398M | 2.2% | -0.4% | 10.3 yr |
| AVGOBroadcom Inc. | $353M | 1.9% | +86.0% | 7.8 yr |
| LLYEli Lilly and Company | $317M | 1.7% | +12.2% | 10.3 yr |
| JNJJohnson & Johnson | $297M | 1.6% | +51.5% | 10.3 yr |
| VVisa Inc. | $262M | 1.4% | -13.1% | 10.3 yr |
| WMTWalmart Inc. | $219M | 1.2% | +42.8% | 2.3 yr |
| JPMJPMorgan Chase & Co. | $204M | 1.1% | +21.8% | 10.3 yr |
| BRK-BBerkshire Hathaway Inc. | $199M | 1.1% | — | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.0%+4.3pp$2.38B
Internet Content & Information7.7%+1.9pp$1.41B
Software - Infrastructure6.5%-1.1pp$1.20B
Drug Manufacturers - General6.1%-0.2pp$1.11B
Consumer Electronics5.7%-0.2pp$1.04B
Specialty Retail3.8%-0.4pp$705M
Asset Management3.5%+2.3pp$646M
Financial - Credit Services3.1%-0.8pp$562M
Software - Application2.7%-1.1pp$504M
Banks - Diversified2.4%+0.1pp$437M
Country
US95.2%-0.0pp
IE1.5%-0.3pp
GB0.8%+0.4pp
LU0.5%
CH0.5%-0.0pp
Unknown0.4%-0.0pp
SG0.2%+0.1pp
CA0.2%-0.2pp
Top 5: 21.7% · Top 10: 32.4% · Top 25: 47.3%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$453M |
| AAPL Apple Inc. | +$394M |
| MSFT Microsoft Corporation | +$297M |
| AMZN Amazon.com, Inc. | +$199M |
| GOOG Alphabet Inc. | +$155M |
| META Meta Platforms, Inc. | +$152M |
| AVGO Broadcom Inc. | +$136M |
| LLY Eli Lilly and Company | +$120M |
| JNJ Johnson & Johnson | +$103M |
| V Visa Inc. | +$99M |
Top sells this quarter · 15
| TIGO Millicom International Cellulaexit | −$73M |
| SLB SLB N.V. | −$8M |
| CNP CenterPoint Energy, Inc. | −$15M |
| PEG Public Service Enterprise Grou | −$10M |
| NRG NRG Energy, Inc. | −$8M |
| HOLX Hologic, Inc.exit | −$8M |
| CMS CMS Energy Corporation | −$7M |
| HAL Halliburton Company | −$4M |
| DT Dynatrace, Inc. | −$6M |
| DTE DTE Energy Company | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $18.33B | 537 | +13.70% | +17.59% | -3.90% | +7.02B |
| 2025-12-31 | $11.93B | 498 | +14.94% | +17.72% | -2.78% | +0.08B |
| 2025-09-30 | $11.60B | 463 | +14.07% | +17.52% | -3.45% | +0.05B |
| 2025-06-30 | $10.84B | 492 | +17.64% | +14.94% | +2.70% | +1.64B |
| 2025-03-31 | $8.34B | 522 | +15.42% | +14.54% | +0.88% | -1.14B |
| 2024-12-31 | $9.89B | 525 | +35.31% | +33.57% | +1.74% | -0.04B |
| 2024-09-30 | $9.80B | 525 | +28.77% | +26.13% | +2.64% | -0.14B |
| 2024-03-31 | $9.04B | 534 | +26.40% | +29.62% | -3.22% | +0.40B |
| 2023-12-31 | $7.99B | 551 | +25.02% | +26.18% | -1.16% | -0.48B |
| 2023-09-30 | $7.54B | 548 | +19.57% | +21.57% | -2.00% | -0.33B |
| 2023-06-30 | $8.16B | 540 | +17.70% | +19.42% | -1.73% | +0.17B |
| 2023-03-31 | $7.41B | 531 | -8.07% | -7.82% | -0.26% | -0.11B |
| 2022-12-31 | $7.03B | 516 | +7.49% | +7.56% | -0.07% | -1.23B |
| 2022-09-30 | $7.68B | 545 | -5.09% | -4.93% | -0.16% | -0.18B |
| 2022-06-30 | $8.28B | 568 | -15.76% | -16.11% | +0.35% | -0.27B |
| 2022-03-31 | $10.15B | 557 | — | — | — | -1.14B |