Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.33%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.41%
steady accumulation
Rally response
+7.40%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTIVanguard Total Stock Mar | $286M | 6.9% | — | 10.0 yr |
| NVDANVIDIA Corporation | $155M | 3.8% | +29.9% | 9.3 yr |
| AAPLApple Inc. | $145M | 3.5% | +1.9% | 10.3 yr |
| VOOVanguard S&P 500 ETF | $115M | 2.8% | — | 10.3 yr |
| SSentinelOne, Inc. | $100M | 2.4% | -42.0% | 4.3 yr |
| AMZNAmazon.com, Inc. | $77M | 1.9% | -5.1% | 9.8 yr |
| GOOGLAlphabet Inc. | $73M | 1.8% | — | 10.3 yr |
| VXUSVanguard Total Internati | $69M | 1.7% | — | 7.3 yr |
| GOOGAlphabet Inc. | $66M | 1.6% | +51.3% | 10.0 yr |
| LLYEli Lilly and Company | $62M | 1.5% | +20.2% | 10.0 yr |
| ELSEquity LifeStyle Propert | $59M | 1.4% | -3.1% | 1.5 yr |
| SCHBSchwab U.S. Broad Market | $52M | 1.3% | — | 7.3 yr |
| METAMeta Platforms, Inc. | $52M | 1.3% | -1.9% | 10.3 yr |
| LQDALiquidia Corporation | $52M | 1.3% | +220.9% | 0.8 yr |
| SPYState Street SPDR S&P 50 | $51M | 1.2% | +12.6% | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management27.3%-4.6pp$1.12B
Semiconductors8.3%+2.6pp$341M
Internet Content & Information4.9%+0.7pp$200M
Drug Manufacturers - General4.0%+0.7pp$165M
Software - Infrastructure3.9%-1.5pp$161M
Consumer Electronics3.6%-0.2pp$147M
Specialty Retail2.6%-0.4pp$107M
Gold2.1%+1.1pp$87M
Banks - Diversified2.1%+0.2pp$86M
Biotechnology1.9%+1.1pp$77M
Country
US90.4%-1.7pp
CA2.8%+1.2pp
IE1.2%-0.5pp
TW1.1%+0.6pp
GB0.7%-0.1pp
Unknown0.5%+0.1pp
CH0.3%+0.1pp
JP0.3%+0.0pp
Top 5: 19.4% · Top 10: 27.8% · Top 25: 43.1%
Top buys this quarter · 15
| TSM Taiwan Semiconductor Manufactu | +$14M |
| AMGN Amgen Inc. | +$11M |
| AGI Alamos Gold Inc. | +$5M |
| CDE Coeur Mining, Inc.new | +$4M |
| MIAX Miami International Holdings, | +$4M |
| SNDK Sandisk Corporationnew | +$3M |
| CENX Century Aluminum Companynew | +$3M |
| TSLA Tesla, Inc. | +$34M |
| BMY Bristol-Myers Squibb Company | +$3M |
| BA The Boeing Company | +$2M |
Top sells this quarter · 15
| MSFT Microsoft Corporationexit | −$111M |
| PWR Quanta Services, Inc.exit | −$23M |
| WMT Walmart Inc.exit | −$20M |
| LQDA Liquidia Corporation | −$16M |
| CRWD CrowdStrike Holdings, Inc. | −$9M |
| NGD New Gold Inc.exit | −$9M |
| AJG Arthur J. Gallagher & Co.exit | −$7M |
| AXP American Express Companyexit | −$7M |
| NFLX Netflix, Inc. | −$7M |
| ADP Automatic Data Processing, Incexit | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.12B | 1109 | +17.80% | +1.62% | +16.18% | -0.45B |
| 2025-12-31 | $4.73B | 1190 | +25.30% | +8.91% | +16.39% | +0.58B |
| 2025-09-30 | $4.06B | 1121 | +30.56% | +12.19% | +18.37% | +0.05B |
| 2025-03-31 | $3.28B | 1073 | +9.01% | +8.30% | +0.70% | +0.30B |
| 2024-12-31 | $3.06B | 995 | +22.16% | +24.89% | -2.73% | +0.24B |
| 2024-09-30 | $2.75B | 901 | +33.34% | +36.04% | -2.69% | +0.13B |
| 2024-06-30 | $2.46B | 858 | +20.79% | +24.49% | -3.70% | +0.68B |
| 2024-03-31 | $1.74B | 714 | +28.57% | +29.62% | -1.05% | +0.04B |
| 2023-12-31 | $1.56B | 692 | +30.11% | +26.18% | +3.94% | +0.08B |
| 2023-09-30 | $1.32B | 659 | +21.10% | +21.57% | -0.47% | +0.01B |
| 2023-06-30 | $1.36B | 659 | +18.88% | +19.42% | -0.55% | -0.04B |
| 2023-03-31 | $1.29B | 640 | -8.47% | -7.82% | -0.65% | +0.10B |
| 2022-12-31 | $1.07B | 554 | -20.97% | -18.17% | -2.80% | -0.01B |
| 2022-09-30 | $1.04B | 569 | -15.93% | -15.51% | -0.42% | +0.07B |
| 2022-06-30 | $1.02B | 551 | -10.83% | -10.62% | -0.21% | +0.13B |
| 2022-03-31 | $1.06B | 601 | +15.45% | +15.45% | -0.00% | -0.09B |