Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-19.78%
trims when stocks drop
when a holding falls −10%+
Middle response
-7.45%
baseline attrition
Rally response
-20.10%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $13.20B | 14.3% | +17.6% | 10.5 yr |
| AVGOBroadcom Inc. | $1.45B | 1.6% | +86.0% | 8.0 yr |
| PLTRPalantir Technologies In | $1.34B | 1.5% | +73.3% | 5.8 yr |
| SNDKSandisk Corporation | $1.14B | 1.2% | +1234.5% | 1.3 yr |
| QQQInvesco QQQ Trust, Serie | $1.03B | 1.1% | — | 8.0 yr |
| DELLDell Technologies Inc. | $1.00B | 1.1% | +83.4% | 7.5 yr |
| MRVLMarvell Technology, Inc. | $986M | 1.1% | +61.3% | 5.0 yr |
| TMUST-Mobile US, Inc. | $938M | 1.0% | -19.9% | 10.3 yr |
| AMZNAmazon.com, Inc. | $914M | 1.0% | +9.5% | 10.5 yr |
| IWMiShares Russell 2000 ETF | $740M | 0.8% | — | 9.8 yr |
| CLSCelestica Inc. | $713M | 0.8% | +257.4% | 2.0 yr |
| CRWVCoreWeave, Inc. Class A | $686M | 0.7% | +108.9% | 1.3 yr |
| LITELumentum Holdings Inc. | $672M | 0.7% | +1027.3% | 8.8 yr |
| BEBloom Energy Corporation | $667M | 0.7% | +589.2% | 6.8 yr |
| SPDWState Street SPDR Portfo | $609M | 0.7% | — | 7.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management30.7%+4.8pp$28.23B
Semiconductors7.0%-5.9pp$6.41B
Software - Infrastructure4.7%+1.6pp$4.32B
Hardware, Equipment & Parts3.8%+3.2pp$3.54B
Software - Application3.4%+0.7pp$3.11B
Specialty Retail2.1%+0.9pp$1.93B
Internet Content & Information1.7%+0.2pp$1.57B
Industrial - Machinery1.6%+0.2pp$1.49B
Telecommunications Services1.6%+0.6pp$1.48B
Asset Management - Bonds1.6%-2.9pp$1.46B
Country
US85.9%-2.4pp
CA4.3%+2.6pp
Unknown1.4%-0.9pp
GB1.4%+0.1pp
IE1.0%-0.3pp
BR0.6%+0.4pp
IL0.6%+0.3pp
NL0.6%+0.0pp
Top 5: 19.7% · Top 10: 24.7% · Top 25: 34.0%
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$6.71B |
| DELL Dell Technologies Inc. | +$869M |
| TMUS T-Mobile US, Inc. | +$658M |
| SNDK Sandisk Corporation | +$598M |
| PLTR Palantir Technologies Inc. | +$594M |
| CLS Celestica Inc. | +$405M |
| SHOP Shopify Inc. | +$378M |
| FANG Diamondback Energy, Inc. | +$367M |
| JCI Johnson Controls International | +$364M |
| NRG NRG Energy, Inc. | +$345M |
Top sells this quarter · 15
| WMT Walmart Inc. | −$1.31B |
| META Meta Platforms, Inc. | −$1.26B |
| NVDA NVIDIA Corporation | −$1.23B |
| AAPL Apple Inc. | −$1.08B |
| TSLA Tesla, Inc. | −$879M |
| VRT Vertiv Holdings Co | −$849M |
| TSM Taiwan Semiconductor Manufactu | −$838M |
| COHR Coherent, Inc. | −$761M |
| UNH UnitedHealth Group Incorporate | −$492M |
| AMD Advanced Micro Devices, Inc. | −$429M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $92.10B | 5821 | +36.06% | +17.59% | +18.47% | +9.44B |
| 2025-12-31 | $83.49B | 5941 | +28.55% | +17.72% | +10.83% | -2.95B |
| 2025-09-30 | $84.43B | 5736 | +31.20% | +17.52% | +13.69% | +16.59B |
| 2025-06-30 | $60.93B | 5181 | +25.69% | +14.94% | +10.75% | -6.28B |
| 2025-03-31 | $55.75B | 5420 | +4.34% | +8.30% | -3.96% | -2.37B |
| 2024-12-31 | $62.13B | 5648 | +17.73% | +24.89% | -7.15% | -2.18B |
| 2024-09-30 | $61.55B | 5769 | +25.60% | +36.04% | -10.43% | -36.14B |
| 2024-06-30 | $91.58B | 5898 | +12.30% | +24.49% | -12.19% | +14.63B |
| 2024-03-31 | $76.88B | 5559 | +21.93% | +29.62% | -7.70% | -9.39B |
| 2023-12-31 | $81.74B | 5557 | +32.12% | +26.18% | +5.95% | +10.63B |
| 2023-09-30 | $63.79B | 4946 | +20.67% | +21.57% | -0.90% | -6.00B |
| 2023-06-30 | $73.17B | 5138 | +20.32% | +19.42% | +0.89% | +10.73B |
| 2023-03-31 | $57.46B | 5266 | -15.87% | -7.82% | -8.05% | -2.99B |
| 2022-12-31 | $52.85B | 5319 | -29.83% | -18.17% | -11.66% | +0.08B |
| 2022-09-30 | $51.84B | 5552 | -23.45% | -15.51% | -7.94% | +4.99B |
| 2022-06-30 | $49.26B | 5349 | -19.05% | -10.62% | -8.43% | +8.76B |