Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.69%
trims when stocks drop
when a holding falls −10%+
Middle response
+2.48%
steady accumulation
Rally response
+0.53%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $961M | 3.0% | +60.9% | 7.5 yr |
| MSFTMicrosoft Corporation | $770M | 2.4% | -0.6% | 7.5 yr |
| GOOGLAlphabet Inc. | $759M | 2.4% | — | 7.5 yr |
| AAPLApple Inc. | $693M | 2.2% | +14.7% | 7.5 yr |
| AMZNAmazon.com, Inc. | $680M | 2.1% | +9.5% | 6.8 yr |
| AGFirst Majestic Silver Co | $452M | 1.4% | +221.6% | 4.0 yr |
| AVGOBroadcom Inc. | $440M | 1.4% | +86.0% | 5.8 yr |
| CDECoeur Mining, Inc. | $409M | 1.3% | +217.1% | 6.8 yr |
| METAMeta Platforms, Inc. | $374M | 1.2% | -0.4% | 7.5 yr |
| HLHecla Mining Company | $366M | 1.1% | +235.1% | 2.8 yr |
| COPConocoPhillips | $358M | 1.1% | +30.0% | 6.3 yr |
| TSMTaiwan Semiconductor Man | $330M | 1.0% | +105.6% | 7.3 yr |
| SPLGSPDR Portfolio S&P 500 E | $299M | 0.9% | — | 1.3 yr |
| CVXChevron Corporation | $274M | 0.9% | +29.2% | 6.8 yr |
| AMDAdvanced Micro Devices, | $268M | 0.8% | +98.0% | 7.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors10.5%+4.1pp$3.38B
Asset Management8.9%-9.4pp$2.87B
Software - Infrastructure4.5%-1.2pp$1.43B
Gold4.3%+1.3pp$1.37B
Internet Content & Information4.2%+0.2pp$1.34B
Silver3.9%+0.7pp$1.26B
Software - Application3.5%-0.4pp$1.11B
Drug Manufacturers - General3.4%+1.7pp$1.09B
Specialty Retail3.3%+0.1pp$1.06B
Oil & Gas Exploration & Production2.7%+2.2pp$867M
Country
US82.9%-4.6pp
CA6.8%+1.1pp
Unknown1.7%+0.7pp
IE1.4%-0.2pp
GB1.3%+0.6pp
TW1.1%+0.9pp
UY0.6%+0.3pp
NL0.6%+0.5pp
Top 5: 12.1% · Top 10: 18.4% · Top 25: 30.2%
Top buys this quarter · 15
| AMZN Amazon.com, Inc. | +$361M |
| COP ConocoPhillips | +$337M |
| MSFT Microsoft Corporation | +$244M |
| TSM Taiwan Semiconductor Manufactu | +$240M |
| CVX Chevron Corporation | +$204M |
| UNH UnitedHealth Group Incorporate | +$188M |
| SAP SAP SE | +$172M |
| XOM Exxon Mobil Corporation | +$155M |
| MELI MercadoLibre, Inc. | +$153M |
| DHR Danaher Corporation | +$147M |
Top sells this quarter · 15
| LRCX Lam Research Corporation | −$134M |
| EMR Emerson Electric Co. | −$95M |
| HL Hecla Mining Company | −$85M |
| EXPE Expedia Group, Inc. | −$84M |
| AXON Axon Enterprise, Inc. | −$74M |
| CRWD CrowdStrike Holdings, Inc. | −$72M |
| RKT Rocket Companies, Inc. | −$71M |
| WTW Willis Towers Watson Public Li | −$71M |
| AG First Majestic Silver Corp. | −$405M |
| PANW Palo Alto Networks, Inc. | −$68M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $32.04B | 2006 | +32.45% | +17.59% | +14.86% | +8.65B |
| 2025-12-31 | $23.79B | 1836 | +29.15% | +17.72% | +11.43% | +0.65B |
| 2025-09-30 | $23.52B | 1846 | +34.05% | +17.52% | +16.53% | +5.73B |
| 2025-06-30 | $15.27B | 1774 | +22.80% | +14.94% | +7.86% | +1.39B |
| 2025-03-31 | $11.81B | 1716 | +5.97% | +8.30% | -2.33% | +0.16B |
| 2024-12-31 | $12.15B | 1754 | +19.16% | +24.89% | -5.73% | +2.89B |
| 2024-09-30 | $9.07B | 1779 | +32.75% | +36.04% | -3.28% | +1.33B |
| 2024-06-30 | $7.25B | 1764 | +17.47% | +24.49% | -7.02% | +1.32B |
| 2024-03-31 | $5.84B | 1633 | +23.83% | +29.62% | -5.79% | +1.34B |
| 2023-12-31 | $4.18B | 1401 | +24.38% | +26.18% | -1.80% | +0.44B |
| 2023-09-30 | $3.28B | 1292 | +10.76% | +21.57% | -10.80% | +0.08B |
| 2023-06-30 | $3.39B | 1299 | +13.00% | +19.42% | -6.43% | +0.15B |
| 2023-03-31 | $3.03B | 1301 | -17.33% | -7.82% | -9.52% | +0.22B |
| 2022-12-31 | $2.60B | 1103 | -27.19% | -18.17% | -9.01% | +0.16B |
| 2022-09-30 | $2.41B | 1109 | -20.19% | -15.51% | -4.68% | -0.22B |
| 2022-06-30 | $2.73B | 1104 | -16.68% | -10.62% | -6.06% | +0.11B |