Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.94%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.98%
steady accumulation
Rally response
-1.10%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $471M | 3.0% | +60.9% | 6.8 yr |
| AAPLApple Inc. | $409M | 2.6% | +14.7% | 6.3 yr |
| MSFTMicrosoft Corporation | $299M | 1.9% | -0.6% | 5.5 yr |
| GOOGLAlphabet Inc. | $281M | 1.8% | — | 5.0 yr |
| AVGOBroadcom Inc. | $217M | 1.4% | +86.0% | 5.3 yr |
| AMZNAmazon.com, Inc. | $215M | 1.4% | +9.5% | 6.3 yr |
| XOMExxon Mobil Corporation | $171M | 1.1% | +47.6% | 5.5 yr |
| METAMeta Platforms, Inc. | $165M | 1.1% | -0.4% | 5.0 yr |
| CVXChevron Corporation | $155M | 1.0% | +29.2% | 5.5 yr |
| JPMJPMorgan Chase & Co. | $137M | 0.9% | +21.8% | 5.0 yr |
| LLYEli Lilly and Company | $127M | 0.8% | +12.2% | 5.3 yr |
| VEAVanguard FTSE Developed | $124M | 0.8% | — | 4.0 yr |
| GOOGAlphabet Inc. | $121M | 0.8% | +84.3% | 4.5 yr |
| BOXXAlpha Architect 1-3 Mont | $112M | 0.7% | — | 3.3 yr |
| IDEViShares Core MSCI Intern | $108M | 0.7% | — | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management10.4%-2.7pp$1.62B
Semiconductors8.8%+3.8pp$1.38B
Internet Content & Information3.9%+1.9pp$613M
Banks - Regional3.7%-1.2pp$579M
Software - Infrastructure3.5%+0.6pp$555M
Drug Manufacturers - General2.9%-0.3pp$448M
Consumer Electronics2.6%+1.0pp$409M
Specialty Retail2.4%+0.5pp$380M
Oil & Gas Exploration & Production2.3%-1.8pp$359M
Oil & Gas Integrated2.2%-1.1pp$346M
Country
US93.2%-1.3pp
Unknown1.2%+0.0pp
IE1.1%+0.4pp
CA0.7%+0.1pp
BM0.7%-0.3pp
GB0.6%+0.0pp
TW0.4%+0.3pp
MX0.3%
Top 5: 10.7% · Top 10: 16.1% · Top 25: 24.6%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$152M |
| AAPL Apple Inc. | +$150M |
| MSFT Microsoft Corporation | +$92M |
| AVGO Broadcom Inc. | +$85M |
| META Meta Platforms, Inc. | +$71M |
| LLY Eli Lilly and Company | +$67M |
| AMZN Amazon.com, Inc. | +$65M |
| JPM JPMorgan Chase & Co. | +$62M |
| VST Vistra Corp. | +$57M |
| DECK Deckers Outdoor Corporation | +$49M |
Top sells this quarter · 15
| TSM Taiwan Semiconductor Manufactu | −$122M |
| SATS EchoStar Corporation | −$38M |
| WDC Western Digital Corporation | −$32M |
| ADV Advantage Solutions Inc.exit | −$32M |
| CTRA Coterra Energy Inc. | −$29M |
| LNG Cheniere Energy, Inc. | −$27M |
| IDCC InterDigital, Inc. | −$24M |
| MRK Merck & Co., Inc. | −$21M |
| ITUB Itaú Unibanco Holding S.A.exit | −$21M |
| CSL Carlisle Companies Incorporate | −$20M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $15.64B | 2096 | +23.93% | +17.59% | +6.34% | +2.67B |
| 2025-12-31 | $12.60B | 2191 | +15.70% | +17.72% | -2.01% | +2.37B |
| 2025-09-30 | $9.89B | 1810 | +12.27% | +17.52% | -5.24% | +0.28B |
| 2025-06-30 | $8.83B | 1743 | +10.20% | +14.94% | -4.74% | +1.32B |
| 2025-03-31 | $7.02B | 1612 | +1.26% | +8.30% | -7.05% | +0.45B |
| 2024-12-31 | $6.84B | 1666 | +15.01% | +24.89% | -9.87% | +0.46B |
| 2024-09-30 | $6.36B | 1388 | +26.56% | +36.04% | -9.48% | +0.19B |
| 2024-06-30 | $5.78B | 1365 | +19.75% | +24.49% | -4.75% | +0.34B |
| 2024-03-31 | $5.54B | 1369 | +27.67% | +29.62% | -1.95% | +1.19B |
| 2023-12-31 | $3.98B | 1251 | +20.05% | +26.18% | -6.13% | +0.24B |
| 2023-09-30 | $3.39B | 1200 | +22.17% | +21.57% | +0.60% | +0.52B |
| 2023-06-30 | $2.84B | 1114 | +18.32% | +19.42% | -1.10% | +1.06B |
| 2023-03-31 | $1.70B | 510 | -3.45% | -7.82% | +4.37% | +0.18B |
| 2022-12-31 | $1.48B | 418 | -8.17% | -18.17% | +10.01% | +0.32B |
| 2022-09-30 | $1.03B | 317 | -2.11% | -4.93% | +2.82% | +0.27B |
| 2022-06-30 | $772M | 264 | -14.56% | -16.11% | +1.55% | -0.01B |