Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.52%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.41%
steady accumulation
Rally response
+1.99%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $280M | 3.2% | +14.7% | 9.3 yr |
| NVDANVIDIA Corporation | $233M | 2.7% | +60.9% | 9.8 yr |
| IVViShares Core S&P 500 ETF | $224M | 2.5% | — | 10.3 yr |
| SPYState Street SPDR S&P 50 | $211M | 2.4% | +17.6% | 10.5 yr |
| VOOVanguard S&P 500 ETF | $209M | 2.4% | — | 10.5 yr |
| MSFTMicrosoft Corporation | $138M | 1.6% | -0.6% | 10.5 yr |
| QQQInvesco QQQ Trust, Serie | $131M | 1.5% | — | 5.5 yr |
| AMZNAmazon.com, Inc. | $130M | 1.5% | +9.5% | 9.0 yr |
| IDEViShares Core MSCI Intern | $122M | 1.4% | — | 6.3 yr |
| DYNFiShares U.S. Equity Fact | $111M | 1.3% | — | 2.3 yr |
| IEMGiShares Core MSCI Emergi | $109M | 1.2% | — | 10.5 yr |
| BNDVanguard Total Bond Mark | $105M | 1.2% | — | 10.5 yr |
| SPLGSPDR Portfolio S&P 500 E | $98M | 1.1% | — | 8.8 yr |
| GOOGLAlphabet Inc. | $97M | 1.1% | — | 10.0 yr |
| VYMVanguard High Dividend Y | $93M | 1.1% | — | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management54.1%-0.4pp$4.75B
Asset Management - Bonds5.5%-0.2pp$485M
Semiconductors5.0%+1.6pp$436M
Consumer Electronics3.2%-0.2pp$280M
Internet Content & Information2.6%+0.5pp$229M
Software - Infrastructure2.5%-0.2pp$217M
Asset Management - Income2.0%+0.7pp$174M
Drug Manufacturers - General1.9%-0.3pp$163M
Specialty Retail1.8%-0.1pp$158M
Banks - Diversified1.3%-0.1pp$116M
Country
US97.5%-0.6pp
CA0.8%+0.3pp
IE0.5%-0.1pp
Unknown0.4%+0.2pp
GB0.2%+0.0pp
TW0.1%+0.1pp
NL0.1%+0.0pp
CH0.1%-0.0pp
Top 5: 13.2% · Top 10: 20.4% · Top 25: 34.1%
Top buys this quarter · 15
| MU Micron Technology, Inc. | +$7M |
| LLY Eli Lilly and Company | +$6M |
| ECL Ecolab Inc. | +$4M |
| PWR Quanta Services, Inc. | +$3M |
| MP MP Materials Corp. | +$3M |
| COLB Columbia Banking System, Inc. | +$3M |
| MELI MercadoLibre, Inc. | +$3M |
| CME CME Group Inc. | +$2M |
| SNDK Sandisk Corporationnew | +$2M |
| TSLA Tesla, Inc. | +$45M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$18M |
| MRK Merck & Co., Inc. | −$10M |
| NVDA NVIDIA Corporation | −$5M |
| XOM Exxon Mobil Corporation | −$33M |
| MLI Mueller Industries, Inc. | −$4M |
| COST Costco Wholesale Corporation | −$48M |
| AVGO Broadcom Inc. | −$3M |
| KMB Kimberly-Clark Corporation | −$3M |
| WMT Walmart Inc. | −$24M |
| RSG Republic Services, Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $8.78B | 1604 | +15.76% | +17.59% | -1.83% | +0.33B |
| 2025-12-31 | $8.82B | 1574 | +15.54% | +17.72% | -2.18% | +0.43B |
| 2025-09-30 | $8.45B | 1534 | +19.72% | +17.52% | +2.21% | +0.40B |
| 2025-06-30 | $7.36B | 1407 | +17.13% | +14.94% | +2.18% | +0.06B |
| 2025-03-31 | $6.56B | 1353 | +7.88% | +8.30% | -0.42% | -0.20B |
| 2024-12-31 | $7.07B | 1446 | +22.07% | +24.89% | -2.82% | -0.04B |
| 2024-09-30 | $6.92B | 1435 | +32.33% | +36.04% | -3.71% | +0.25B |
| 2024-06-30 | $6.24B | 1367 | +18.14% | +24.49% | -6.36% | +0.06B |
| 2024-03-31 | $6.02B | 1374 | +22.95% | +29.62% | -6.67% | +0.23B |
| 2023-12-31 | $5.36B | 1367 | +21.39% | +26.18% | -4.78% | +0.18B |
| 2023-09-30 | $4.64B | 1276 | +15.28% | +21.57% | -6.29% | +0.43B |
| 2023-06-30 | $4.41B | 1189 | +15.97% | +19.42% | -3.45% | +0.41B |
| 2023-03-31 | $3.75B | 1121 | -7.45% | -7.82% | +0.37% | -0.47B |
| 2022-12-31 | $3.95B | 1131 | -17.34% | -18.17% | +0.83% | +0.16B |
| 2022-09-30 | $3.58B | 1114 | -13.34% | -15.51% | +2.17% | -0.23B |
| 2022-06-30 | $3.96B | 1185 | -9.19% | -10.62% | +1.43% | +0.16B |