Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.85%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.44%
steady accumulation
Rally response
-2.59%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AVGOBroadcom Inc. | $57M | 4.3% | +86.0% | 7.8 yr |
| RTXRTX Corporation | $41M | 3.1% | +48.1% | 6.0 yr |
| ABBVAbbVie Inc. | $39M | 2.9% | +7.3% | 10.5 yr |
| GILDGilead Sciences, Inc. | $38M | 2.8% | +27.7% | 6.8 yr |
| PFEPfizer Inc. | $37M | 2.8% | +18.8% | 10.5 yr |
| STTState Street Corporation | $37M | 2.8% | +44.6% | 2.8 yr |
| JPMJPMorgan Chase & Co. | $37M | 2.7% | +21.8% | 10.5 yr |
| AMGNAmgen Inc. | $36M | 2.7% | +16.5% | 9.8 yr |
| CVXChevron Corporation | $36M | 2.7% | +29.2% | 10.5 yr |
| MSFTMicrosoft Corporation | $35M | 2.6% | -0.6% | 10.5 yr |
| ACNAccenture plc | $35M | 2.6% | -35.6% | 10.5 yr |
| PEPPepsiCo, Inc. | $34M | 2.5% | +7.7% | 7.8 yr |
| DELLDell Technologies Inc. | $33M | 2.4% | +83.4% | 1.3 yr |
| AAPLApple Inc. | $31M | 2.3% | +14.7% | 9.8 yr |
| ENBEnbridge Inc. | $31M | 2.3% | +29.3% | 7.5 yr |
Portfolio composition (YoY)
Industry mix
Drug Manufacturers - General13.4%+0.7pp$180M
Semiconductors6.9%+1.0pp$93M
Asset Management6.0%+0.4pp$81M
Oil & Gas Midstream4.8%-0.1pp$65M
Aerospace & Defense4.6%+0.5pp$62M
Oil & Gas Integrated4.0%-0.8pp$54M
Information Technology Services3.8%+1.9pp$51M
Regulated Electric3.6%-2.4pp$48M
Telecommunications Services3.2%-0.4pp$43M
Insurance - Life3.0%-0.6pp$40M
Country
US90.2%-4.4pp
CA5.7%+2.2pp
IE4.0%+2.2pp
CH0.0%
Top 5: 15.8% · Top 10: 29.3% · Top 25: 60.8%
Top buys this quarter · 15
| ACN Accenture plc | +$21M |
| VICI VICI Properties Inc. | +$13M |
| BIPC Brookfield Infrastructure Corpnew | +$11M |
| DELL Dell Technologies Inc. | +$10M |
| FNF Fidelity National Financial, I | +$9M |
| OWL Blue Owl Capital Inc. | +$7M |
| MSFT Microsoft Corporation | +$35M |
| AUB Atlantic Union Bankshares Corp | +$4M |
| STT State Street Corporation | +$3M |
| PRU Prudential Financial, Inc. | +$21M |
Top sells this quarter · 15
| GLW Corning Incorporated | −$36M |
| LYB LyondellBasell Industries N.V.exit | −$26M |
| SO The Southern Company | −$10M |
| CVX Chevron Corporation | −$33M |
| XOM Exxon Mobil Corporation | −$9M |
| AVGO Broadcom Inc. | −$6M |
| SJM The J. M. Smucker Company | −$5M |
| OGE OGE Energy Corp. | −$1M |
| MCD McDonald's Corporation | −$1M |
| ABT Abbott Laboratories | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.34B | 138 | +18.92% | +17.59% | +1.33% | -0.01B |
| 2025-12-31 | $1.29B | 152 | +14.85% | +17.72% | -2.86% | +0.01B |
| 2025-09-30 | $1.25B | 134 | +11.66% | +17.52% | -5.86% | +0.00B |
| 2025-06-30 | $1.16B | 133 | +15.58% | +14.94% | +0.63% | -0.01B |
| 2025-03-31 | $1.14B | 128 | +11.57% | +8.30% | +3.27% | +0.03B |
| 2024-12-31 | $1.10B | 131 | +18.27% | +24.89% | -6.62% | +0.08B |
| 2024-09-30 | $1.02B | 116 | +29.36% | +36.04% | -6.68% | +0.00B |
| 2024-06-30 | $918M | 114 | +12.83% | +24.49% | -11.66% | -0.49B |
| 2024-03-31 | $1.41B | 175 | +14.39% | +29.62% | -15.24% | +0.47B |
| 2023-12-31 | $873M | 107 | +5.95% | +26.18% | -20.22% | +0.00B |
| 2023-09-30 | $803M | 104 | +11.65% | +21.57% | -9.92% | +0.01B |
| 2023-06-30 | $815M | 103 | +8.03% | +19.42% | -11.40% | +0.02B |
| 2023-03-31 | $783M | 111 | -3.49% | -7.82% | +4.33% | +0.02B |
| 2022-12-31 | $766M | 125 | +14.42% | +7.56% | +6.86% | +0.06B |
| 2022-09-30 | $621M | 99 | -6.45% | -4.93% | -1.52% | +0.01B |
| 2022-06-30 | $653M | 98 | -9.63% | -16.11% | +6.48% | +0.00B |