Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-10.06%
trims when stocks drop
when a holding falls −10%+
Middle response
-7.92%
baseline attrition
Rally response
-16.46%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGLAlphabet Inc. | $82M | 8.1% | — | 4.3 yr |
| AMZNAmazon.com, Inc. | $71M | 7.0% | +9.5% | 4.5 yr |
| MSFTMicrosoft Corporation | $61M | 6.0% | -0.6% | 4.5 yr |
| LINLinde plc | $43M | 4.2% | +7.9% | 2.8 yr |
| METAMeta Platforms, Inc. | $39M | 3.8% | -0.4% | 4.5 yr |
| TOTB.DETotalEnergies SE | $26M | 2.6% | +41.2% | 0.3 yr |
| AAPLApple Inc. | $23M | 2.3% | +14.7% | 4.5 yr |
| ADBEAdobe Inc. | $22M | 2.2% | -36.6% | 4.5 yr |
| NVDANVIDIA Corporation | $21M | 2.1% | +60.9% | 4.5 yr |
| SUNBSunbelt Rentals Holdings | $20M | 2.0% | — | 0.3 yr |
| BRK-ABerkshire Hathaway Inc. | $16M | 1.6% | — | 3.5 yr |
| ULTAUlta Beauty, Inc. | $15M | 1.4% | +42.6% | 3.0 yr |
| XOMExxon Mobil Corporation | $14M | 1.4% | +47.6% | 4.5 yr |
| CRMSalesforce, Inc. | $14M | 1.4% | -30.2% | 4.5 yr |
| UBSUBS Group AG | $12M | 1.2% | +31.6% | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information13.1%+1.9pp$133M
Specialty Retail8.9%+1.7pp$90M
Software - Infrastructure8.6%-3.4pp$88M
Semiconductors8.4%+0.4pp$85M
Software - Application5.7%-1.1pp$58M
Chemicals - Specialty4.6%-0.7pp$47M
Oil & Gas Integrated4.2%+3.9pp$43M
Financial - Credit Services3.9%+0.7pp$40M
Banks - Diversified3.1%+0.8pp$32M
Drug Manufacturers - General2.5%+0.7pp$26M
Country
US81.0%-1.9pp
GB5.8%-0.0pp
FR2.6%+2.5pp
CA1.9%+0.8pp
DE1.9%-0.6pp
CH1.5%+0.2pp
IE1.1%-0.8pp
CN1.0%+0.1pp
Top 5: 29.1% · Top 10: 40.2% · Top 25: 56.8%
Top buys this quarter · 15
| TOTB.DE TotalEnergies SEnew | +$23M |
| SUNB Sunbelt Rentals Holdings Incnew | +$21M |
| XOM Exxon Mobil Corporation | +$9M |
| FANG Diamondback Energy, Inc. | +$6M |
| REGN Regeneron Pharmaceuticals, Inc | +$3M |
| MU Micron Technology, Inc. | +$2M |
| KC Kingsoft Cloud Holdings Limitenew | +$2M |
| ORCL Oracle Corporation | +$12M |
| MSFT Microsoft Corporation | +$61M |
| LRCX Lam Research Corporation | +$2M |
Top sells this quarter · 15
| TTE TotalEnergies SEexit | −$20M |
| META Meta Platforms, Inc. | −$16M |
| DG Dollar General Corporation | −$6M |
| ACGL Arch Capital Group Ltd. | −$6M |
| AAPL Apple Inc. | −$5M |
| FIVE Five Below, Inc. | −$5M |
| RMD ResMed Inc. | −$4M |
| NVDA NVIDIA Corporation | −$4M |
| EPAM EPAM Systems, Inc.exit | −$4M |
| VRTX Vertex Pharmaceuticals Incorpo | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.01B | 380 | +18.67% | +17.59% | +1.08% | -0.11B |
| 2025-12-31 | $1.20B | 405 | +21.50% | +17.72% | +3.79% | -0.02B |
| 2025-09-30 | $1.20B | 455 | +20.92% | +17.52% | +3.41% | -0.05B |
| 2025-06-30 | $1.16B | 397 | +18.22% | +14.94% | +3.28% | +0.02B |
| 2025-03-31 | $990M | 375 | +5.19% | +8.30% | -3.12% | -0.05B |
| 2024-12-31 | $1.09B | 343 | +18.66% | +24.89% | -6.23% | -0.11B |
| 2024-09-30 | $1.19B | 397 | +30.20% | +36.04% | -5.84% | -0.16B |
| 2024-06-30 | $1.28B | 385 | +21.17% | +24.49% | -3.32% | +0.02B |
| 2024-03-31 | $1.22B | 287 | +29.52% | +29.62% | -0.10% | -0.05B |
| 2023-12-31 | $1.17B | 302 | +31.05% | +26.18% | +4.88% | -0.05B |
| 2023-09-30 | $1.10B | 281 | +18.79% | +21.57% | -2.78% | -0.03B |
| 2023-06-30 | $1.15B | 303 | +17.04% | +19.42% | -2.39% | -0.30B |
| 2023-03-31 | $1.33B | 318 | -12.28% | -7.82% | -4.46% | +0.14B |
| 2022-12-31 | $1.09B | 262 | +0.71% | +7.56% | -6.85% | -0.08B |
| 2022-09-30 | $1.15B | 260 | -3.07% | -4.93% | +1.86% | +0.18B |
| 2022-06-30 | $1.01B | 259 | -17.94% | -16.11% | -1.83% | -0.01B |