Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-38.25%
trims when stocks drop
when a holding falls −10%+
Middle response
-16.65%
baseline attrition
Rally response
-17.19%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGAlphabet Inc. | $187M | 15.0% | +84.3% | 5.5 yr |
| PHParker-Hannifin Corporat | $101M | 8.1% | +48.6% | 1.8 yr |
| AMZNAmazon.com, Inc. | $90M | 7.2% | +9.5% | 5.0 yr |
| GLDSPDR Gold Shares | $84M | 6.8% | — | 6.5 yr |
| NVDANVIDIA Corporation | $83M | 6.7% | +60.9% | 6.5 yr |
| AAPLApple Inc. | $74M | 5.9% | +14.7% | 6.3 yr |
| MSMorgan Stanley | $68M | 5.5% | +44.8% | 3.8 yr |
| SPGIS&P Global Inc. | $65M | 5.2% | -15.6% | 3.3 yr |
| GOOGLAlphabet Inc. | $51M | 4.1% | — | 7.0 yr |
| GLWCorning Incorporated | $44M | 3.5% | +201.5% | 0.3 yr |
| CCJCameco Corporation | $43M | 3.4% | +164.4% | 3.5 yr |
| MMM3M Company | $36M | 2.9% | +0.7% | 0.5 yr |
| XLEState Street Energy Sele | $36M | 2.9% | — | 4.8 yr |
| AVGOBroadcom Inc. | $35M | 2.8% | +86.0% | 6.0 yr |
| GLDMSPDR Gold MiniShares Tru | $30M | 2.4% | — | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information19.1%+9.5pp$239M
Asset Management14.8%+8.6pp$185M
Semiconductors11.9%+9.0pp$149M
Industrial - Machinery10.0%+6.2pp$125M
Specialty Retail7.4%-7.7pp$93M
Consumer Electronics5.9%+3.8pp$74M
Financial - Capital Markets5.5%$69M
Financial - Data & Stock Exchanges5.2%+2.6pp$65M
Hardware, Equipment & Parts3.6%$44M
Uranium3.4%+3.4pp$43M
Country
US93.8%+13.1pp
CA3.6%+2.0pp
IE2.0%+0.6pp
TW0.2%+0.0pp
IN0.2%-1.2pp
SG0.1%-9.7pp
KR0.1%
CN0.1%-2.0pp
Top 5: 43.7% · Top 10: 67.9% · Top 25: 95.4%
Top buys this quarter · 15
| GLW Corning Incorporatednew | +$44M |
| MMM 3M Company | +$36M |
| IBKR Interactive Brokers Group, Inc | +$26M |
| AAPL Apple Inc. | +$25M |
| ETN Eaton Corporation plc | +$18M |
| COST Costco Wholesale Corporation | +$1M |
| SHG Shinhan Financial Group Co., Lnew | +$1M |
| RSG Republic Services, Inc.new | +$1M |
| XOM Exxon Mobil Corporationnew | +$0M |
| TSM Taiwan Semiconductor Manufactu | +$0M |
Top sells this quarter · 15
| ROK Rockwell Automation, Inc.exit | −$166M |
| AVGO Broadcom Inc. | −$95M |
| AMZN Amazon.com, Inc. | −$94M |
| JPM JPMorgan Chase & Co. | −$92M |
| GOOG Alphabet Inc. | −$87M |
| PH Parker-Hannifin Corporation | −$85M |
| AGI Alamos Gold Inc. | −$71M |
| CCJ Cameco Corporation | −$55M |
| MSFT Microsoft Corporation | −$44M |
| EL The Estée Lauder Companies In | −$42M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.25B | 125 | +27.42% | +17.59% | +9.83% | -0.88B |
| 2025-12-31 | $2.29B | 122 | +27.04% | +17.72% | +9.32% | -0.46B |
| 2025-09-30 | $2.59B | 98 | +30.18% | +17.52% | +12.66% | -0.19B |
| 2025-06-30 | $2.47B | 97 | +20.85% | +14.94% | +5.91% | +0.68B |
| 2025-03-31 | $1.56B | 116 | +14.28% | +8.30% | +5.98% | -1.10B |
| 2024-12-31 | $2.86B | 94 | +40.55% | +24.89% | +15.66% | +0.28B |
| 2024-09-30 | $2.38B | 102 | +49.47% | +36.04% | +13.43% | +0.05B |
| 2024-06-30 | $2.23B | 129 | +43.70% | +24.49% | +19.20% | -0.06B |
| 2024-03-31 | $2.11B | 161 | +37.69% | +29.62% | +8.07% | +0.15B |
| 2023-12-31 | $1.72B | 61 | +29.43% | +26.18% | +3.26% | +0.07B |
| 2023-09-30 | $1.43B | 55 | +21.28% | +21.57% | -0.29% | -0.01B |
| 2023-06-30 | $1.43B | 62 | +14.90% | +19.42% | -4.53% | +0.06B |
| 2023-03-31 | $1.31B | 63 | -12.29% | -7.82% | -4.48% | -0.12B |
| 2022-12-31 | $1.34B | 75 | -20.04% | -18.17% | -1.87% | -0.11B |
| 2022-09-30 | $1.34B | 62 | -17.98% | -15.51% | -2.47% | -0.09B |
| 2022-06-30 | $1.51B | 58 | +22.10% | -10.62% | +32.72% | +0.00B |