Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.97%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.49%
steady accumulation
Rally response
-1.28%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $109M | 4.7% | +14.7% | 10.5 yr |
| NVDANVIDIA Corporation | $97M | 4.1% | +60.9% | 9.8 yr |
| TPLTexas Pacific Land Corpo | $81M | 3.5% | +8.1% | 5.3 yr |
| MSFTMicrosoft Corporation | $75M | 3.2% | -0.6% | 10.5 yr |
| AMZNAmazon.com, Inc. | $48M | 2.1% | +9.5% | 10.5 yr |
| GOOGLAlphabet Inc. | $42M | 1.8% | — | 10.5 yr |
| JPMJPMorgan Chase & Co. | $37M | 1.6% | +21.8% | 10.5 yr |
| WMTWalmart Inc. | $33M | 1.4% | +42.8% | 10.5 yr |
| XOMExxon Mobil Corporation | $32M | 1.4% | +47.6% | 10.5 yr |
| AVGOBroadcom Inc. | $30M | 1.3% | +86.0% | 8.0 yr |
| JNJJohnson & Johnson | $29M | 1.3% | +51.5% | 10.5 yr |
| VVisa Inc. | $23M | 1.0% | -13.1% | 10.5 yr |
| TJXThe TJX Companies, Inc. | $23M | 1.0% | +32.7% | 10.5 yr |
| METAMeta Platforms, Inc. | $22M | 0.9% | -0.4% | 10.5 yr |
| LLYEli Lilly and Company | $21M | 0.9% | +12.2% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management15.8%+2.3pp$369M
Semiconductors8.1%+2.1pp$190M
Consumer Electronics4.7%-0.4pp$109M
Oil & Gas Exploration & Production4.6%-0.4pp$108M
Drug Manufacturers - General4.6%-0.1pp$107M
Software - Infrastructure4.6%-0.7pp$107M
Internet Content & Information3.6%+0.8pp$84M
Oil & Gas Midstream3.6%-0.2pp$84M
Oil & Gas Integrated2.6%+0.1pp$61M
Specialty Retail2.5%-0.0pp$58M
Country
US92.6%-0.1pp
CA1.6%-0.1pp
IE1.5%-0.1pp
GB1.2%-0.1pp
Unknown0.9%-0.0pp
TW0.6%+0.3pp
CH0.5%+0.0pp
NL0.2%+0.1pp
Top 5: 17.5% · Top 10: 25.0% · Top 25: 37.8%
Top buys this quarter · 15
| ANET Arista Networks, Inc. | +$7M |
| PNC The PNC Financial Services Gro | +$5M |
| WBI WaterBridge Infrastructure LLC | +$4M |
| SNDK Sandisk Corporationnew | +$2M |
| V Visa Inc. | +$23M |
| MGPI MGP Ingredients, Inc.new | +$2M |
| QXO QXO, Inc. | +$2M |
| AZN AstraZeneca PLCnew | +$1M |
| LB LandBridge Company LLC | +$1M |
| NFLX Netflix, Inc. | +$1M |
Top sells this quarter · 15
| GEOS Geospace Technologies Corporat | −$5M |
| PG The Procter & Gamble Company | −$4M |
| CVS CVS Health Corporation | −$3M |
| NVDA NVIDIA Corporation | −$3M |
| WPM Wheaton Precious Metals Corp. | −$3M |
| AVGO Broadcom Inc. | −$2M |
| NMM Navios Maritime Partners L.P. | −$2M |
| FNF Fidelity National Financial, I | −$2M |
| NTR Nutrien Ltd. | −$2M |
| AAPL Apple Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.33B | 916 | +22.34% | +17.59% | +4.75% | -0.03B |
| 2025-12-31 | $2.33B | 904 | +18.03% | +17.72% | +0.31% | +0.01B |
| 2025-09-30 | $2.29B | 890 | +19.58% | +17.52% | +2.06% | -0.04B |
| 2025-06-30 | $2.15B | 868 | +18.12% | +14.94% | +3.18% | -0.01B |
| 2025-03-31 | $1.97B | 859 | +8.99% | +8.30% | +0.69% | -0.08B |
| 2024-12-31 | $2.10B | 876 | +20.49% | +24.89% | -4.39% | +0.04B |
| 2024-09-30 | $2.01B | 870 | +29.33% | +36.04% | -6.71% | +0.00B |
| 2024-06-30 | $1.88B | 841 | +17.17% | +24.49% | -7.32% | +0.01B |
| 2024-03-31 | $1.84B | 885 | +22.04% | +29.62% | -7.58% | +0.11B |
| 2023-12-31 | $1.60B | 821 | +17.32% | +26.18% | -8.86% | -0.02B |
| 2023-09-30 | $1.47B | 815 | +16.04% | +21.57% | -5.52% | +0.01B |
| 2023-06-30 | $1.51B | 818 | +13.46% | +19.42% | -5.97% | -0.03B |
| 2023-03-31 | $1.45B | 840 | -8.05% | -7.82% | -0.23% | -0.07B |
| 2022-12-31 | $1.47B | 939 | -15.53% | -18.17% | +2.65% | +0.04B |
| 2022-09-30 | $1.31B | 809 | -13.98% | -15.51% | +1.52% | -0.01B |
| 2022-06-30 | $1.39B | 791 | -8.84% | -10.62% | +1.78% | -0.00B |