Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+6.04%
adds when stocks drop
when a holding falls −10%+
Middle response
-4.75%
baseline attrition
Rally response
-10.86%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGLAlphabet Inc. | $1.44B | 6.7% | — | 10.5 yr |
| MSFTMicrosoft Corporation | $1.30B | 6.1% | -0.6% | 10.5 yr |
| BRK-BBerkshire Hathaway Inc. | $1.25B | 5.8% | — | 10.5 yr |
| AMZNAmazon.com, Inc. | $1.24B | 5.8% | +9.5% | 9.5 yr |
| SCHWThe Charles Schwab Corpo | $1.00B | 4.7% | +21.5% | 5.0 yr |
| TMOThermo Fisher Scientific | $960M | 4.5% | -0.9% | 10.5 yr |
| ABTAbbott Laboratories | $807M | 3.8% | -21.1% | 10.5 yr |
| ICEIntercontinental Exchang | $777M | 3.6% | -7.8% | 5.3 yr |
| DHRDanaher Corporation | $758M | 3.5% | -7.1% | 10.5 yr |
| AMEAMETEK, Inc. | $741M | 3.5% | +25.3% | 10.5 yr |
| PEPPepsiCo, Inc. | $734M | 3.4% | +7.7% | 10.0 yr |
| APHAmphenol Corporation | $704M | 3.3% | +93.6% | 5.3 yr |
| AAPLApple Inc. | $688M | 3.2% | +14.7% | 10.5 yr |
| FTVFortive Corporation | $658M | 3.1% | +0.7% | 9.8 yr |
| NKENIKE, Inc. | $644M | 3.0% | -14.7% | 9.8 yr |
Portfolio composition (YoY)
Industry mix
Medical - Diagnostics & Research8.1%+0.5pp$1.73B
Internet Content & Information7.8%+2.4pp$1.67B
Specialty Retail7.3%+2.1pp$1.57B
Financial - Data & Stock Exchanges7.3%+1.0pp$1.57B
Software - Infrastructure6.1%+0.5pp$1.31B
Insurance - Diversified5.8%-2.5pp$1.25B
Medical - Devices5.1%-0.0pp$1.10B
Financial - Capital Markets4.8%+1.1pp$1.02B
Financial - Credit Services4.2%-0.9pp$902M
Industrial - Machinery4.0%-1.6pp$850M
Country
US89.5%-2.6pp
IE2.9%+0.1pp
GB1.9%+1.1pp
DE1.5%-0.2pp
UY1.5%+1.4pp
CA1.3%-0.4pp
NL0.4%
TW0.4%+0.2pp
Top 5: 29.1% · Top 10: 48.0% · Top 25: 82.9%
Top buys this quarter · 15
| SPGI S&P Global Inc. | +$291M |
| ABT Abbott Laboratories | +$807M |
| MSFT Microsoft Corporation | +$1.30B |
| INTU Intuit Inc. | +$141M |
| SYK Stryker Corporation | +$84M |
| ROP Roper Technologies, Inc. | +$447M |
| MCD McDonald's Corporation | +$35M |
| FTV Fortive Corporation | +$33M |
| RAL Ralliant Corp. | +$28M |
| MDT Medtronic plc | +$20M |
Top sells this quarter · 15
| GGG Graco Inc.exit | −$275M |
| APH Amphenol Corporation | −$216M |
| PEP PepsiCo, Inc. | −$215M |
| TSM Taiwan Semiconductor Manufactu | −$172M |
| AAPL Apple Inc. | −$140M |
| LIN Linde plc | −$131M |
| PG The Procter & Gamble Company | −$130M |
| AMAT Applied Materials, Inc. | −$118M |
| AMZN Amazon.com, Inc. | −$113M |
| TMO Thermo Fisher Scientific Inc. | −$111M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $21.43B | 101 | +4.15% | +17.59% | -13.44% | -1.61B |
| 2025-12-31 | $25.22B | 102 | +11.78% | +17.72% | -5.94% | -1.09B |
| 2025-09-30 | $25.37B | 108 | +7.79% | +17.52% | -9.73% | +0.17B |
| 2025-06-30 | $24.45B | 100 | +12.53% | +14.94% | -2.41% | -0.15B |
| 2025-03-31 | $23.07B | 122 | +4.49% | +8.30% | -3.82% | -1.56B |
| 2024-12-31 | $25.11B | 99 | +14.27% | +24.89% | -10.61% | -0.35B |
| 2024-09-30 | $25.46B | 101 | +28.27% | +36.04% | -7.77% | -0.15B |
| 2024-06-30 | $23.80B | 98 | +13.64% | +24.49% | -10.85% | +1.10B |
| 2024-03-31 | $22.92B | 100 | +22.98% | +29.62% | -6.64% | -0.52B |
| 2023-12-31 | $21.86B | 95 | +21.88% | +26.18% | -4.29% | -3.41B |
| 2023-09-30 | $22.51B | 91 | +16.28% | +21.57% | -5.29% | -0.94B |
| 2023-06-30 | $24.60B | 97 | +15.31% | +19.42% | -4.11% | -0.68B |
| 2023-03-31 | $23.59B | 92 | -11.34% | -7.82% | -3.52% | -4.15B |
| 2022-12-31 | $26.09B | 100 | +7.08% | +7.56% | -0.48% | -2.86B |
| 2022-09-30 | $27.04B | 100 | -5.47% | -4.93% | -0.54% | -1.02B |
| 2022-06-30 | $29.68B | 99 | -17.60% | -16.11% | -1.48% | +0.29B |