Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-6.94%
trims when stocks drop
when a holding falls −10%+
Middle response
-16.03%
baseline attrition
Rally response
-23.11%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $412M | 3.0% | +60.9% | 7.0 yr |
| AAPLApple Inc. | $294M | 2.1% | +14.7% | 7.3 yr |
| MSFTMicrosoft Corporation | $239M | 1.7% | -0.6% | 5.8 yr |
| MUMicron Technology, Inc. | $189M | 1.4% | +289.6% | 6.5 yr |
| AMZNAmazon.com, Inc. | $187M | 1.4% | +9.5% | 5.8 yr |
| TSLATesla, Inc. | $156M | 1.1% | +43.4% | 5.3 yr |
| AVGOBroadcom Inc. | $153M | 1.1% | +86.0% | 3.0 yr |
| GOOGLAlphabet Inc. | $141M | 1.0% | — | 5.0 yr |
| CCitigroup Inc. | $116M | 0.8% | +63.9% | 7.0 yr |
| PLTRPalantir Technologies In | $116M | 0.8% | +73.3% | 3.8 yr |
| PEPPepsiCo, Inc. | $97M | 0.7% | +7.7% | 6.3 yr |
| ACNAccenture plc | $87M | 0.6% | -35.6% | 5.0 yr |
| GOOGAlphabet Inc. | $84M | 0.6% | +84.3% | 3.8 yr |
| CMGChipotle Mexican Grill, | $79M | 0.6% | -36.2% | 4.8 yr |
| LLYEli Lilly and Company | $78M | 0.6% | +12.2% | 5.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors7.5%+2.9pp$1.03B
Software - Infrastructure5.1%+0.2pp$711M
Software - Application4.3%-1.6pp$595M
Biotechnology4.0%+0.3pp$551M
Specialty Retail2.9%+0.0pp$405M
Banks - Regional2.9%-0.0pp$399M
Internet Content & Information2.9%+1.4pp$397M
Aerospace & Defense2.6%+0.8pp$358M
Medical - Devices2.2%+0.2pp$305M
Consumer Electronics2.2%+1.2pp$299M
Country
US86.9%+0.6pp
CA3.4%+0.7pp
Unknown1.3%-1.1pp
IE1.2%+0.3pp
GB0.8%-0.8pp
BM0.8%+0.4pp
CH0.7%+0.2pp
BR0.7%+0.2pp
Top 5: 9.6% · Top 10: 14.5% · Top 25: 22.2%
Top buys this quarter · 15
| MU Micron Technology, Inc. | +$138M |
| NVDA NVIDIA Corporation | +$126M |
| MSFT Microsoft Corporation | +$109M |
| C Citigroup Inc. | +$107M |
| TSLA Tesla, Inc. | +$90M |
| AVGO Broadcom Inc. | +$79M |
| CMG Chipotle Mexican Grill, Inc. | +$77M |
| ACN Accenture plc | +$76M |
| HSY The Hershey Company | +$69M |
| PEP PepsiCo, Inc. | +$60M |
Top sells this quarter · 15
| COST Costco Wholesale Corporationexit | −$78M |
| F-PD Ford Motor Company 6.500% Note | −$63M |
| GEV GE Vernova Inc. | −$51M |
| NFLX Netflix, Inc.exit | −$51M |
| V Visa Inc. | −$46M |
| NDAQ Nasdaq, Inc.exit | −$44M |
| HAL Halliburton Company | −$43M |
| DVN Devon Energy Corporationexit | −$42M |
| ZM Zoom Communications, Inc.exit | −$39M |
| META Meta Platforms, Inc. | −$38M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $13.81B | 1571 | +22.20% | +17.59% | +4.60% | +2.79B |
| 2025-12-31 | $11.21B | 1546 | +19.24% | +17.72% | +1.52% | +1.00B |
| 2025-09-30 | $9.68B | 1537 | +17.79% | +17.52% | +0.27% | +0.18B |
| 2025-06-30 | $8.85B | 1475 | +17.79% | +14.94% | +2.85% | -0.59B |
| 2025-03-31 | $8.59B | 1513 | +8.15% | +8.30% | -0.15% | +0.38B |
| 2024-12-31 | $8.56B | 1509 | +23.60% | +24.89% | -1.29% | +0.36B |
| 2024-09-30 | $7.88B | 1483 | +32.37% | +36.04% | -3.67% | +0.85B |
| 2024-06-30 | $6.54B | 1476 | +15.64% | +24.49% | -8.85% | +1.49B |
| 2024-03-31 | $5.01B | 1387 | +23.59% | +29.62% | -6.03% | +0.14B |
| 2023-12-31 | $4.44B | 1365 | +18.84% | +26.18% | -7.34% | +0.00B |
| 2023-09-30 | $3.98B | 1402 | +10.94% | +21.57% | -10.62% | +0.40B |
| 2023-06-30 | $3.81B | 1373 | +17.19% | +19.42% | -2.23% | -0.11B |
| 2023-03-31 | $3.64B | 1391 | -9.38% | -7.82% | -1.57% | -0.08B |
| 2022-12-31 | $3.52B | 1322 | +4.13% | +7.56% | -3.43% | +0.57B |
| 2022-09-30 | $2.84B | 1299 | -0.88% | -4.93% | +4.04% | +0.63B |
| 2022-06-30 | $2.23B | 1464 | -16.67% | -16.11% | -0.56% | +0.46B |