Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+5.77%
adds when stocks drop
when a holding falls −10%+
Middle response
+4.12%
steady accumulation
Rally response
+4.20%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| QQQInvesco QQQ Trust, Serie | $1.03B | 31.3% | — | 7.5 yr |
| SPYState Street SPDR S&P 50 | $562M | 17.1% | +17.6% | 10.3 yr |
| VOOVanguard S&P 500 ETF | $358M | 10.9% | — | 10.0 yr |
| AAXJiShares MSCI All Country | $214M | 6.5% | — | 7.5 yr |
| IVViShares Core S&P 500 ETF | $203M | 6.2% | — | 10.3 yr |
| SOXXiShares Semiconductor ET | $66M | 2.0% | — | 5.0 yr |
| TEVATeva Pharmaceutical Indu | $64M | 1.9% | +96.0% | 2.5 yr |
| VWOVanguard FTSE Emerging M | $62M | 1.9% | — | 10.3 yr |
| SPGSimon Property Group, In | $45M | 1.4% | +17.9% | 6.3 yr |
| WIXWix.com Ltd. | $44M | 1.3% | -44.9% | 9.5 yr |
| AREAlexandria Real Estate E | $43M | 1.3% | -47.3% | 4.8 yr |
| ONEQFidelity Nasdaq Composit | $42M | 1.3% | — | 7.0 yr |
| LMNDLemonade, Inc. | $39M | 1.2% | +99.4% | 1.3 yr |
| NVDANVIDIA Corporation | $35M | 1.1% | +60.9% | 10.3 yr |
| XLCState Street Communicati | $28M | 0.9% | — | 3.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management82.4%-0.6pp$2.71B
Software - Infrastructure2.6%-0.5pp$85M
Semiconductors2.1%+0.5pp$71M
Drug Manufacturers - Specialty & Generic1.9%+1.9pp$64M
REIT - Office1.9%-0.6pp$62M
REIT - Retail1.7%+0.5pp$54M
Internet Content & Information1.5%-0.1pp$49M
Insurance - Property & Casualty1.2%+0.8pp$39M
Communication Equipment0.8%+0.3pp$28M
Specialty Retail0.7%-0.3pp$24M
Country
US94.6%-1.6pp
IL4.1%+1.3pp
DK0.5%
CN0.2%-0.1pp
TW0.1%+0.1pp
NL0.1%+0.0pp
SG0.1%-0.0pp
IE0.1%-0.0pp
Top 5: 71.9% · Top 10: 80.5% · Top 25: 92.1%
Top buys this quarter · 15
| NVO Novo Nordisk A/S | +$15M |
| XOM Exxon Mobil Corporation | +$3M |
| CVX Chevron Corporation | +$2M |
| WIX Wix.com Ltd. | +$44M |
| MU Micron Technology, Inc.new | +$0M |
| WMB The Williams Companies, Inc.new | +$0M |
| KO The Coca-Cola Company | +$0M |
| COP ConocoPhillips | +$0M |
| FCX Freeport-McMoRan Inc.new | +$0M |
| SE Sea Limited | +$0M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$63M |
| NVDA NVIDIA Corporation | −$5M |
| AAPL Apple Inc. | −$5M |
| MSFT Microsoft Corporation | −$4M |
| GOOG Alphabet Inc. | −$2M |
| AVGO Broadcom Inc. | −$2M |
| COST Costco Wholesale Corporation | −$2M |
| ORCL Oracle Corporation | −$2M |
| INTU Intuit Inc.exit | −$1M |
| META Meta Platforms, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.29B | 142 | +11.85% | +17.59% | -5.74% | +0.06B |
| 2025-12-31 | $3.43B | 128 | +11.20% | +17.72% | -6.52% | +0.26B |
| 2025-09-30 | $3.22B | 120 | +17.12% | +17.52% | -0.40% | +0.01B |
| 2025-06-30 | $2.93B | 129 | +13.19% | +14.94% | -1.75% | +0.09B |
| 2025-03-31 | $2.57B | 133 | +7.52% | +8.30% | -0.78% | +0.01B |
| 2024-12-31 | $2.73B | 129 | +25.98% | +24.89% | +1.09% | +0.03B |
| 2024-09-30 | $2.60B | 135 | +37.22% | +36.04% | +1.19% | +0.03B |
| 2024-06-30 | $2.44B | 129 | +27.20% | +24.49% | +2.71% | +0.03B |
| 2024-03-31 | $2.30B | 113 | +29.93% | +29.62% | +0.31% | +0.18B |
| 2023-12-31 | $1.93B | 108 | +30.03% | +26.18% | +3.85% | +0.12B |
| 2023-09-30 | $1.60B | 102 | +21.88% | +21.57% | +0.32% | +0.14B |
| 2023-06-30 | $1.49B | 99 | +18.89% | +19.42% | -0.53% | +0.08B |
| 2023-03-31 | $1.32B | 94 | -8.83% | -7.82% | -1.02% | +0.04B |
| 2022-12-31 | $1.17B | 101 | -20.77% | -18.17% | -2.60% | +0.08B |
| 2022-09-30 | $1.03B | 99 | -16.92% | -15.51% | -1.41% | +0.02B |
| 2022-06-30 | $1.05B | 101 | -12.58% | -10.62% | -1.96% | +0.12B |