Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-18.91%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.67%
steady accumulation
Rally response
-34.91%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $1.32B | 2.4% | +60.9% | 6.8 yr |
| AMZNAmazon.com, Inc. | $1.03B | 1.9% | +9.5% | 10.0 yr |
| ANETArista Networks, Inc. | $804M | 1.5% | +58.5% | 1.5 yr |
| ASMLASML Holding N.V. | $746M | 1.4% | +100.9% | 5.8 yr |
| CRDOCredo Technology Group H | $702M | 1.3% | +133.7% | 4.3 yr |
| AVGOBroadcom Inc. | $701M | 1.3% | +86.0% | 7.0 yr |
| TERTeradyne, Inc. | $677M | 1.2% | +260.2% | 4.5 yr |
| TSMTaiwan Semiconductor Man | $628M | 1.1% | +105.6% | 6.0 yr |
| AMATApplied Materials, Inc. | $587M | 1.1% | +137.6% | 5.5 yr |
| EQIXEquinix, Inc. | $524M | 1.0% | +23.0% | 2.8 yr |
| METAMeta Platforms, Inc. | $520M | 0.9% | -0.4% | 9.8 yr |
| SPOTSpotify Technology S.A. | $444M | 0.8% | -11.8% | 5.3 yr |
| RTXRTX Corporation | $395M | 0.7% | +48.1% | 5.8 yr |
| AKAMAkamai Technologies, Inc | $379M | 0.7% | +42.7% | 3.3 yr |
| SQBlock, Inc. | $379M | 0.7% | — | 5.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors12.1%+5.5pp$6.63B
Software - Infrastructure4.4%-1.4pp$2.43B
Biotechnology4.4%+0.6pp$2.42B
Specialty Retail4.3%-0.9pp$2.38B
Unknown3.4%+0.8pp$1.87B
Software - Application2.9%-2.7pp$1.58B
Internet Content & Information2.7%+0.1pp$1.51B
Hardware, Equipment & Parts2.4%-1.0pp$1.34B
Computer Hardware2.2%+1.5pp$1.22B
Regulated Electric2.2%-2.1pp$1.21B
Country
US82.0%-1.2pp
Unknown3.4%+0.8pp
CA2.5%+0.5pp
GB1.8%+0.0pp
NL1.6%+1.5pp
TW1.2%+0.3pp
SG1.1%-0.5pp
CN1.0%+0.1pp
Top 5: 8.4% · Top 10: 14.1% · Top 25: 23.8%
Top buys this quarter · 15
| META Meta Platforms, Inc. | +$482M |
| AMAT Applied Materials, Inc. | +$424M |
| ADI Analog Devices, Inc. | +$307M |
| TMUS T-Mobile US, Inc. | +$286M |
| RTX RTX Corporation | +$283M |
| MDLZ Mondelez International, Inc. | +$281M |
| AZN AstraZeneca PLCnew | +$243M |
| YUM Yum! Brands, Inc. | +$230M |
| MKSI MKS Inc. | +$226M |
| PG The Procter & Gamble Company | +$218M |
Top sells this quarter · 15
| PLTR Palantir Technologies Inc. | −$4.36B |
| TSM Taiwan Semiconductor Manufactu | −$949M |
| COHR Coherent, Inc. | −$657M |
| MSFT Microsoft Corporation | −$641M |
| NVDA NVIDIA Corporation | −$419M |
| BIIB Biogen Inc. | −$367M |
| PEP PepsiCo, Inc.exit | −$366M |
| T AT&T Inc. | −$356M |
| DHR Danaher Corporationexit | −$321M |
| CSCO Cisco Systems, Inc.exit | −$305M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $54.88B | 1899 | +32.02% | +17.59% | +14.43% | -6.38B |
| 2025-12-31 | $61.11B | 2027 | +24.34% | +17.72% | +6.62% | +14.89B |
| 2025-09-30 | $43.22B | 1289 | +20.69% | +17.52% | +3.17% | -0.71B |
| 2025-06-30 | $40.08B | 1195 | +16.94% | +14.94% | +2.00% | +1.47B |
| 2025-03-31 | $34.36B | 1163 | +2.50% | +8.30% | -5.80% | +0.62B |
| 2024-12-31 | $35.75B | 1188 | +15.84% | +24.89% | -9.04% | +6.59B |
| 2024-09-30 | $28.09B | 1133 | +24.90% | +36.04% | -11.14% | -4.16B |
| 2024-06-30 | $30.36B | 1099 | +13.32% | +24.49% | -11.17% | -3.06B |
| 2024-03-31 | $33.93B | 1338 | +25.21% | +29.62% | -4.41% | -0.71B |
| 2023-12-31 | $32.47B | 1291 | +21.79% | +26.18% | -4.39% | +0.12B |
| 2023-09-30 | $28.90B | 1669 | +15.96% | +21.57% | -5.61% | +1.38B |
| 2023-06-30 | $28.56B | 1525 | +15.52% | +19.42% | -3.90% | -1.72B |
| 2023-03-31 | $27.83B | 1608 | -15.60% | -7.82% | -7.78% | +0.88B |
| 2022-12-31 | $25.97B | 1020 | -13.36% | -18.17% | +4.82% | +1.93B |
| 2022-09-30 | $22.56B | 955 | -3.98% | -4.93% | +0.94% | +2.49B |
| 2022-06-30 | $20.91B | 979 | -20.51% | -16.11% | -4.40% | +3.24B |