Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.60%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.92%
steady accumulation
Rally response
-0.19%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $47M | 3.4% | +14.7% | 10.5 yr |
| AVGOBroadcom Inc. | $35M | 2.5% | +86.0% | 8.0 yr |
| TSMTaiwan Semiconductor Man | $33M | 2.4% | +105.6% | 10.5 yr |
| IVViShares Core S&P 500 ETF | $28M | 2.1% | — | 10.5 yr |
| MSFTMicrosoft Corporation | $28M | 2.1% | -0.6% | 10.5 yr |
| GLWCorning Incorporated | $28M | 2.0% | +201.5% | 10.5 yr |
| SCHFSchwab International Equ | $27M | 2.0% | — | 9.8 yr |
| VOOVanguard S&P 500 ETF | $24M | 1.8% | — | 10.0 yr |
| VVVanguard Large-Cap ETF | $18M | 1.3% | — | 10.5 yr |
| XOMExxon Mobil Corporation | $18M | 1.3% | +47.6% | 10.5 yr |
| SCHESchwab Emerging Markets | $16M | 1.2% | — | 9.8 yr |
| LRCXLam Research Corporation | $15M | 1.1% | +196.1% | 1.5 yr |
| JPMJPMorgan Chase & Co. | $14M | 1.0% | +21.8% | 10.5 yr |
| GOOGLAlphabet Inc. | $14M | 1.0% | — | 10.3 yr |
| NVDANVIDIA Corporation | $13M | 1.0% | +60.9% | 5.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management26.4%+0.8pp$361M
Semiconductors12.8%+3.9pp$175M
Drug Manufacturers - General5.9%+0.0pp$80M
Consumer Electronics3.4%-0.6pp$47M
Software - Infrastructure2.7%-0.7pp$38M
Hardware, Equipment & Parts2.4%+1.1pp$33M
Aerospace & Defense2.4%+0.4pp$32M
Banks - Diversified2.2%-0.4pp$30M
Asset Management - Bonds2.2%+0.3pp$29M
Internet Content & Information2.2%+0.7pp$29M
Country
US89.3%-0.1pp
TW2.4%+0.7pp
GB1.8%-0.0pp
IE1.2%-0.4pp
CA1.0%+0.2pp
CH0.6%+0.0pp
IN0.6%-0.3pp
CN0.5%-0.0pp
Top 5: 12.4% · Top 10: 20.8% · Top 25: 35.2%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$5M |
| WMT Walmart Inc. | +$2M |
| BX Blackstone Inc. | +$2M |
| KO The Coca-Cola Company | +$2M |
| NVDA NVIDIA Corporation | +$2M |
| SPY State Street SPDR S&P 500 ETF | +$1M |
| PG The Procter & Gamble Company | +$1M |
| SAP SAP SE | +$6M |
| AXP American Express Company | +$8M |
| TXN Texas Instruments Incorporated | +$1M |
Top sells this quarter · 15
| JPM JPMorgan Chase & Co. | −$6M |
| STX Seagate Technology Holdings pl | −$4M |
| FFWM First Foundation Inc. | −$1M |
| GLW Corning Incorporated | −$19M |
| TSM Taiwan Semiconductor Manufactu | −$30M |
| MU Micron Technology, Inc. | −$10M |
| LRCX Lam Research Corporation | −$13M |
| FDS FactSet Research Systems Inc. | −$1M |
| F-PD Ford Motor Company 6.500% Note | −$0M |
| GILD Gilead Sciences, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.37B | 440 | +24.27% | +17.59% | +6.68% | +0.01B |
| 2025-12-31 | $1.34B | 436 | +19.18% | +17.72% | +1.46% | +0.01B |
| 2025-09-30 | $1.28B | 435 | +13.75% | +17.52% | -3.77% | +0.02B |
| 2025-06-30 | $1.16B | 417 | +12.52% | +14.94% | -2.42% | +0.02B |
| 2025-03-31 | $1.05B | 397 | +5.49% | +8.30% | -2.82% | +0.01B |
| 2024-12-31 | $1.07B | 402 | +16.11% | +24.89% | -8.78% | +0.00B |
| 2024-09-30 | $1.07B | 399 | +30.87% | +36.04% | -5.17% | +0.00B |
| 2024-06-30 | $993M | 392 | +16.19% | +24.49% | -8.30% | +0.00B |
| 2024-03-31 | $973M | 407 | +19.05% | +29.62% | -10.57% | +0.00B |
| 2023-12-31 | $905M | 407 | +15.64% | +26.18% | -10.54% | -0.01B |
| 2023-09-30 | $821M | 397 | +13.36% | +21.57% | -8.21% | +0.01B |
| 2023-06-30 | $847M | 393 | +11.01% | +19.42% | -8.41% | +0.01B |
| 2023-03-31 | $801M | 385 | -6.36% | -7.82% | +1.46% | -0.02B |
| 2022-12-31 | $785M | 383 | -14.15% | -18.17% | +4.02% | -0.01B |
| 2022-09-30 | $724M | 366 | -12.80% | -15.51% | +2.71% | +0.01B |
| 2022-06-30 | $768M | 371 | -6.35% | -10.62% | +4.27% | +0.01B |