Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.43%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.10%
steady accumulation
Rally response
+2.58%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $8.94B | 6.8% | +60.9% | 9.8 yr |
| AAPLApple Inc. | $7.87B | 6.0% | +14.7% | 10.3 yr |
| MSFTMicrosoft Corporation | $5.52B | 4.2% | -0.6% | 10.3 yr |
| AMZNAmazon.com, Inc. | $4.26B | 3.2% | +9.5% | 10.3 yr |
| GOOGLAlphabet Inc. | $3.68B | 2.8% | — | 10.3 yr |
| PBUSInvesco MSCI USA ETF | $3.09B | 2.3% | — | 5.3 yr |
| GOOGAlphabet Inc. | $3.04B | 2.3% | +84.3% | 10.3 yr |
| AVGOBroadcom Inc. | $2.90B | 2.2% | +86.0% | 7.5 yr |
| IVViShares Core S&P 500 ETF | $2.69B | 2.0% | — | 10.3 yr |
| METAMeta Platforms, Inc. | $2.69B | 2.0% | -0.4% | 10.3 yr |
| TSLATesla, Inc. | $2.19B | 1.7% | +43.4% | 8.5 yr |
| JPMJPMorgan Chase & Co. | $1.62B | 1.2% | +21.8% | 10.3 yr |
| XOMExxon Mobil Corporation | $1.61B | 1.2% | +47.6% | 10.3 yr |
| LLYEli Lilly and Company | $1.53B | 1.2% | +12.2% | 10.3 yr |
| BRK-BBerkshire Hathaway Inc. | $1.31B | 1.0% | — | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.6%+4.4pp$17.88B
Internet Content & Information7.5%+1.7pp$9.84B
Asset Management7.4%-0.8pp$9.70B
Software - Infrastructure6.1%-0.8pp$7.99B
Consumer Electronics6.0%-0.1pp$7.87B
Drug Manufacturers - General4.6%-0.2pp$6.11B
Specialty Retail3.9%-0.2pp$5.12B
Banks - Diversified2.8%+0.2pp$3.70B
Aerospace & Defense2.3%+0.3pp$3.06B
Software - Application2.1%-1.1pp$2.71B
Country
US96.4%+0.0pp
IE1.6%-0.2pp
GB0.6%-0.0pp
CH0.3%+0.0pp
SG0.3%+0.2pp
LU0.2%
UY0.1%-0.0pp
NL0.1%-0.0pp
Top 5: 23.0% · Top 10: 33.9% · Top 25: 47.7%
Top buys this quarter · 15
| AAPL Apple Inc. | +$7.87B |
| NVDA NVIDIA Corporation | +$8.94B |
| MSFT Microsoft Corporation | +$5.52B |
| AMZN Amazon.com, Inc. | +$4.26B |
| AVGO Broadcom Inc. | +$2.90B |
| TSLA Tesla, Inc. | +$2.19B |
| GEV GE Vernova Inc. | +$66M |
| PANW Palo Alto Networks, Inc. | +$64M |
| GOOG Alphabet Inc. | +$3.04B |
| PLTR Palantir Technologies Inc. | +$758M |
Top sells this quarter · 15
| WDC Western Digital Corporation | −$291M |
| STX Seagate Technology Holdings pl | −$275M |
| MU Micron Technology, Inc. | −$871M |
| APP AppLovin Corporation | −$58M |
| VST Vistra Corp. | −$55M |
| INSM Insmed Incorporatedexit | −$46M |
| NRG NRG Energy, Inc. | −$44M |
| TEVA Teva Pharmaceutical Industries | −$36M |
| ENTG Entegris, Inc. | −$31M |
| HWM Howmet Aerospace Inc. | −$242M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $131.63B | 561 | +18.22% | +17.59% | +0.63% | +2.15B |
| 2025-12-31 | $135.07B | 561 | +17.87% | +17.72% | +0.15% | +3.66B |
| 2025-09-30 | $128.77B | 552 | +18.27% | +17.52% | +0.75% | +3.58B |
| 2025-06-30 | $115.83B | 534 | +16.09% | +14.94% | +1.15% | -0.51B |
| 2025-03-31 | $104.04B | 540 | +6.21% | +8.30% | -2.09% | +3.09B |
| 2024-12-31 | $105.63B | 547 | +20.14% | +24.89% | -4.74% | -0.50B |
| 2024-09-30 | $103.64B | 510 | +31.54% | +36.04% | -4.49% | +11.43B |
| 2024-06-30 | $86.92B | 545 | +19.51% | +24.49% | -4.98% | +1.66B |
| 2024-03-31 | $83.33B | 539 | +25.66% | +29.62% | -3.96% | +5.70B |
| 2023-12-31 | $71.81B | 513 | +24.69% | +26.18% | -1.48% | +1.75B |
| 2023-09-30 | $62.49B | 514 | +18.44% | +21.57% | -3.13% | +2.73B |
| 2023-06-30 | $62.00B | 506 | +17.57% | +19.42% | -1.86% | +2.92B |
| 2023-03-31 | $54.92B | 514 | -6.82% | -7.82% | +0.99% | +0.39B |
| 2022-12-31 | $50.84B | 526 | +6.48% | +7.56% | -1.08% | -0.19B |
| 2022-09-30 | $47.92B | 532 | -4.32% | -4.93% | +0.61% | +1.50B |
| 2022-06-30 | $48.51B | 523 | -14.75% | -16.11% | +1.36% | +1.81B |