Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.25%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.57%
baseline attrition
Rally response
-0.30%
trims into rallies
when a holding rises +10%+
Top positions · 8
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AMZNAmazon.com, Inc. | $1.58B | 38.2% | +9.5% | 4.3 yr |
| TDGTransDigm Group Incorpor | $1.05B | 25.5% | -10.5% | 10.5 yr |
| MSFTMicrosoft Corporation | $691M | 16.8% | -0.6% | 5.0 yr |
| MCOMoody's Corporation | $376M | 9.1% | -5.6% | 10.5 yr |
| MAMastercard Incorporated | $261M | 6.3% | -8.5% | 10.5 yr |
| VVisa Inc. | $151M | 3.7% | -13.1% | 10.5 yr |
| GOOGLAlphabet Inc. | $12M | 0.3% | — | 6.5 yr |
| HLTHilton Worldwide Holding | $5M | 0.1% | +33.9% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Specialty Retail38.2%+18.3pp$1.58B
Aerospace & Defense25.5%-1.7pp$1.05B
Software - Infrastructure16.8%-2.7pp$691M
Financial - Credit Services10.0%-2.5pp$412M
Financial - Data & Stock Exchanges9.1%+0.2pp$376M
Internet Content & Information0.3%-10.4pp$12M
Travel Lodging0.1%-1.1pp$5M
Country
US100.0%+0.0pp
Top 5: 95.9% · Top 10: 100.0% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.13B | 8 | -0.72% | +17.59% | -18.31% | -0.29B |
| 2025-12-31 | $5.10B | 8 | +12.11% | +17.72% | -5.60% | -0.44B |
| 2025-09-30 | $5.47B | 9 | +14.55% | +17.52% | -2.97% | +0.07B |
| 2025-06-30 | $5.48B | 9 | +21.99% | +14.94% | +7.05% | -0.24B |
| 2025-03-31 | $4.97B | 9 | +9.95% | +8.30% | +1.65% | +0.14B |
| 2024-12-31 | $4.94B | 10 | +26.50% | +24.89% | +1.61% | -0.31B |
| 2024-09-30 | $5.08B | 9 | +43.81% | +36.04% | +7.77% | -0.02B |
| 2024-06-30 | $4.86B | 9 | +31.98% | +24.49% | +7.49% | +0.04B |
| 2024-03-31 | $4.65B | 8 | +50.28% | +29.62% | +20.66% | -0.39B |
| 2023-12-31 | $4.48B | 8 | +55.89% | +26.18% | +29.71% | -0.21B |
| 2023-09-30 | $3.99B | 8 | +41.64% | +21.57% | +20.07% | -0.02B |
| 2023-06-30 | $4.16B | 8 | +36.18% | +19.42% | +16.75% | -0.14B |
| 2023-03-31 | $3.65B | 8 | -2.83% | -7.82% | +4.99% | -0.06B |
| 2022-12-31 | $3.18B | 8 | +6.84% | +7.56% | -0.72% | -0.08B |
| 2022-09-30 | $3.05B | 8 | -7.42% | -4.93% | -2.49% | +0.05B |
| 2022-06-30 | $3.24B | 8 | -15.78% | -16.11% | +0.33% | -0.06B |