Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.01%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.68%
baseline attrition
Rally response
-2.24%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $654M | 8.0% | +60.9% | 10.5 yr |
| GOOGLAlphabet Inc. | $606M | 7.5% | — | 10.5 yr |
| MSFTMicrosoft Corporation | $568M | 7.0% | -0.6% | 10.5 yr |
| AAPLApple Inc. | $551M | 6.8% | +14.7% | 9.0 yr |
| AMZNAmazon.com, Inc. | $426M | 5.2% | +9.5% | 9.0 yr |
| AVGOBroadcom Inc. | $307M | 3.8% | +86.0% | 8.0 yr |
| VVisa Inc. | $273M | 3.4% | -13.1% | 10.5 yr |
| LLYEli Lilly and Company | $245M | 3.0% | +12.2% | 9.3 yr |
| UBSUBS Group AG | $202M | 2.5% | +31.6% | 10.3 yr |
| JPMJPMorgan Chase & Co. | $197M | 2.4% | +21.8% | 10.5 yr |
| METAMeta Platforms, Inc. | $193M | 2.4% | -0.4% | 10.5 yr |
| PANWPalo Alto Networks, Inc. | $184M | 2.3% | -6.0% | 10.5 yr |
| TOTB.DETotalEnergies SE | $164M | 2.0% | +41.2% | 0.5 yr |
| LINLinde plc | $159M | 2.0% | +7.9% | 3.3 yr |
| XOMExxon Mobil Corporation | $157M | 1.9% | +47.6% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors12.7%+4.4pp$1.03B
Internet Content & Information10.4%+0.9pp$844M
Software - Infrastructure9.7%+0.2pp$788M
Drug Manufacturers - General7.2%+1.5pp$588M
Banks - Diversified6.8%+1.1pp$552M
Consumer Electronics6.8%+0.1pp$551M
Specialty Retail5.5%+0.3pp$444M
Oil & Gas Integrated4.0%+3.9pp$322M
Financial - Credit Services3.4%-1.2pp$275M
Software - Application2.3%-1.8pp$184M
Country
US87.1%-1.8pp
CH3.9%+1.0pp
GB3.0%-0.2pp
FR2.0%
IE1.2%-0.3pp
Unknown1.1%+0.1pp
IT0.6%-0.3pp
TW0.3%+0.0pp
Top 5: 34.5% · Top 10: 49.5% · Top 25: 74.3%
Top buys this quarter · 15
| XOM Exxon Mobil Corporation | +$137M |
| AZN AstraZeneca PLCnew | +$81M |
| ALC Alcon Inc. | +$29M |
| PANW Palo Alto Networks, Inc. | +$184M |
| LRCX Lam Research Corporationnew | +$22M |
| IBKR Interactive Brokers Group, Inc | +$14M |
| BAC Bank of America Corporation | +$147M |
| UBER Uber Technologies, Inc. | +$11M |
| LLY Eli Lilly and Company | +$245M |
| NEM Newmont Corporation | +$8M |
Top sells this quarter · 15
| ABT Abbott Laboratoriesexit | −$69M |
| LIN Linde plc | −$54M |
| HD The Home Depot, Inc. | −$44M |
| ICE Intercontinental Exchange, Inc | −$42M |
| META Meta Platforms, Inc. | −$40M |
| NOW ServiceNow, Inc. | −$37M |
| AAPL Apple Inc. | −$28M |
| V Visa Inc. | −$24M |
| HON Honeywell International Inc. | −$20M |
| NEE NextEra Energy, Inc. | −$19M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $8.13B | 426 | +10.77% | +17.59% | -6.83% | -0.35B |
| 2025-12-31 | $9.20B | 420 | +19.02% | +17.72% | +1.30% | +0.05B |
| 2025-09-30 | $9.06B | 441 | +19.08% | +17.52% | +1.56% | +0.98B |
| 2025-06-30 | $7.58B | 423 | +17.92% | +14.94% | +2.98% | -1.52B |
| 2025-03-31 | $8.15B | 464 | +5.91% | +8.30% | -2.39% | +1.43B |
| 2024-12-31 | $6.78B | 437 | +15.65% | +24.89% | -9.23% | +0.29B |
| 2024-09-30 | $6.43B | 454 | +30.98% | +36.04% | -5.05% | +0.19B |
| 2024-06-30 | $5.91B | 443 | +22.37% | +24.49% | -2.12% | +0.24B |
| 2024-03-31 | $5.65B | 469 | +30.11% | +29.62% | +0.48% | -0.18B |
| 2023-12-31 | $5.38B | 545 | +30.87% | +26.18% | +4.70% | +0.44B |
| 2023-09-30 | $4.32B | 586 | +24.68% | +21.57% | +3.12% | +0.80B |
| 2023-06-30 | $3.57B | 563 | +16.89% | +19.42% | -2.53% | -0.70B |
| 2023-03-31 | $4.00B | 612 | -5.97% | -7.82% | +1.85% | -0.07B |
| 2022-12-31 | $3.74B | 660 | -17.62% | -18.17% | +0.55% | +0.00B |
| 2022-09-30 | $3.43B | 594 | -15.99% | -15.51% | -0.48% | -0.21B |
| 2022-06-30 | $3.93B | 568 | -8.60% | -10.62% | +2.02% | -0.11B |