Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.78%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.12%
steady accumulation
Rally response
+3.57%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $300M | 5.5% | +60.9% | 10.5 yr |
| AAPLApple Inc. | $288M | 5.3% | +14.7% | 10.8 yr |
| VOOVanguard S&P 500 ETF | $140M | 2.6% | — | 9.5 yr |
| IVViShares Core S&P 500 ETF | $111M | 2.0% | — | 10.5 yr |
| QQQInvesco QQQ Trust, Serie | $103M | 1.9% | — | 7.8 yr |
| VGITVanguard Intermediate-Te | $98M | 1.8% | — | 4.0 yr |
| AMZNAmazon.com, Inc. | $93M | 1.7% | +9.5% | 10.8 yr |
| GOOGAlphabet Inc. | $79M | 1.4% | +84.3% | 10.5 yr |
| MSFTMicrosoft Corporation | $70M | 1.3% | -0.6% | 10.5 yr |
| BILState Street SPDR Bloomb | $64M | 1.2% | — | 7.3 yr |
| GOOGLAlphabet Inc. | $64M | 1.2% | — | 10.5 yr |
| QLTYGMO U.S. Quality ETF | $63M | 1.1% | — | 0.5 yr |
| DFACDimensional - US Core Eq | $60M | 1.1% | — | 5.3 yr |
| SPYState Street SPDR S&P 50 | $59M | 1.1% | +17.6% | 10.0 yr |
| BBUSJPMorgan BetaBuilders U. | $53M | 1.0% | — | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management48.7%+4.2pp$2.67B
Semiconductors7.7%+1.2pp$419M
Consumer Electronics5.3%-1.2pp$288M
Asset Management - Bonds5.0%-0.3pp$273M
Internet Content & Information3.4%+0.4pp$189M
Drug Manufacturers - General2.2%-0.3pp$119M
Software - Infrastructure2.1%-0.5pp$115M
Specialty Retail1.9%-0.5pp$102M
Financial - Credit Services1.5%-0.7pp$85M
Banks - Diversified1.4%-0.2pp$76M
Country
US97.9%-0.6pp
Unknown0.6%+0.3pp
GB0.3%+0.1pp
IE0.2%+0.0pp
CA0.2%+0.1pp
CH0.2%+0.0pp
TW0.1%+0.0pp
BR0.1%+0.0pp
Top 5: 17.2% · Top 10: 24.5% · Top 25: 38.0%
Top buys this quarter · 15
| EQIX Equinix, Inc. | +$8M |
| PLTR Palantir Technologies Inc. | +$3M |
| EME EMCOR Group, Inc. | +$3M |
| GLW Corning Incorporated | +$2M |
| AZN AstraZeneca PLCnew | +$2M |
| CIFR Cipher Mining Inc.new | +$2M |
| MSFT Microsoft Corporation | +$70M |
| NOW ServiceNow, Inc. | +$2M |
| MO Altria Group, Inc. | +$2M |
| AXP American Express Company | +$20M |
Top sells this quarter · 15
| HUBB Hubbell Incorporated | −$8M |
| EQR Equity Residentialexit | −$5M |
| VIST Vista Energy, S.A.B. de C.V.exit | −$5M |
| MCO Moody's Corporation | −$4M |
| SCHW The Charles Schwab Corporation | −$4M |
| ITT ITT Inc. | −$4M |
| NVDA NVIDIA Corporation | −$3M |
| CHRD Chord Energy Corporationexit | −$3M |
| KRYS Krystal Biotech, Inc.exit | −$2M |
| PL Planet Labs PBC | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $5.48B | 1275 | +22.13% | +17.59% | +4.54% | +0.14B |
| 2025-12-31 | $5.56B | 1285 | +19.05% | +17.72% | +1.33% | +0.54B |
| 2025-09-30 | $4.87B | 1195 | +21.31% | +17.52% | +3.79% | +0.16B |
| 2025-06-30 | $4.26B | 1048 | +15.27% | +14.94% | +0.33% | -0.06B |
| 2025-03-31 | $3.87B | 1019 | +7.89% | +8.30% | -0.41% | +0.07B |
| 2024-12-31 | $4.06B | 1032 | +22.03% | +24.89% | -2.86% | +0.17B |
| 2024-09-30 | $3.70B | 982 | +29.93% | +36.04% | -6.10% | +0.09B |
| 2024-06-30 | $3.44B | 857 | +18.93% | +24.49% | -5.56% | +0.01B |
| 2024-03-31 | $3.28B | 847 | +23.37% | +29.62% | -6.25% | +0.06B |
| 2023-12-31 | $3.04B | 821 | +26.76% | +26.18% | +0.58% | +0.30B |
| 2023-09-30 | $2.45B | 772 | +18.75% | +21.57% | -2.82% | +0.02B |
| 2023-06-30 | $2.53B | 775 | +16.76% | +19.42% | -2.67% | +0.63B |
| 2023-03-31 | $1.75B | 697 | -10.98% | -7.82% | -3.16% | -0.00B |
| 2022-12-31 | $1.61B | 686 | -22.01% | -18.17% | -3.84% | +0.41B |
| 2022-09-30 | $1.15B | 567 | -17.20% | -15.51% | -1.69% | +0.02B |
| 2022-06-30 | $1.19B | 562 | -12.02% | -10.62% | -1.40% | +0.03B |