Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.86%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.91%
baseline attrition
Rally response
-3.44%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MSFTMicrosoft Corporation | $156M | 5.4% | -0.6% | 3.8 yr |
| AAPLApple Inc. | $142M | 5.0% | +14.7% | 3.8 yr |
| GOOGLAlphabet Inc. | $121M | 4.3% | — | 4.5 yr |
| AMZNAmazon.com, Inc. | $119M | 4.2% | +9.5% | 3.8 yr |
| NVDANVIDIA Corporation | $113M | 3.9% | +60.9% | 4.5 yr |
| AVGOBroadcom Inc. | $70M | 2.4% | +86.0% | 2.3 yr |
| WMTWalmart Inc. | $65M | 2.3% | +42.8% | 3.8 yr |
| CCJCameco Corporation | $64M | 2.3% | +164.4% | 4.5 yr |
| WMWaste Management, Inc. | $53M | 1.9% | +0.8% | 4.5 yr |
| FNVFranco-Nevada Corporatio | $50M | 1.8% | +58.0% | 2.3 yr |
| TMOThermo Fisher Scientific | $48M | 1.7% | -0.9% | 3.8 yr |
| BACBank of America Corporat | $48M | 1.7% | +19.4% | 1.8 yr |
| NFLXNetflix, Inc. | $46M | 1.6% | +3.1% | 4.0 yr |
| MSIMotorola Solutions, Inc. | $43M | 1.5% | +0.2% | 3.3 yr |
| AWKAmerican Water Works Com | $42M | 1.5% | -5.4% | 3.8 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors10.3%+3.9pp$293M
Software - Infrastructure6.8%+0.9pp$195M
Specialty Retail5.2%+0.0pp$147M
Industrial - Machinery5.0%-0.1pp$144M
Consumer Electronics5.0%-1.7pp$142M
Aerospace & Defense4.9%+2.2pp$139M
Internet Content & Information4.3%+1.1pp$121M
Medical - Devices3.8%-0.9pp$108M
Hardware, Equipment & Parts3.4%+1.7pp$97M
Discount Stores2.9%-1.7pp$84M
Country
US94.3%-0.3pp
CA5.2%-0.3pp
Unknown0.4%
GB0.2%
Top 5: 22.8% · Top 10: 33.4% · Top 25: 54.4%
Top buys this quarter · 15
| LHX L3Harris Technologies, Inc.new | +$38M |
| KEYS Keysight Technologies, Inc. | +$26M |
| AMAT Applied Materials, Inc.new | +$25M |
| AWK American Water Works Company, | +$24M |
| AMZN Amazon.com, Inc. | +$15M |
| AMD Advanced Micro Devices, Inc. | +$13M |
| BAC Bank of America Corporation | +$12M |
| SATS EchoStar Corporationnew | +$12M |
| SHW The Sherwin-Williams Company | +$12M |
| HD The Home Depot, Inc.new | +$12M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.86B | 146 | +19.41% | +17.59% | +1.82% | -0.13B |
| 2025-12-31 | $3.03B | 128 | +14.73% | +17.72% | -2.99% | +0.11B |
| 2025-09-30 | $2.87B | 122 | +14.77% | +17.52% | -2.75% | +0.02B |
| 2025-06-30 | $2.69B | 119 | +14.28% | +14.94% | -0.66% | +0.24B |
| 2025-03-31 | $2.18B | 114 | +3.94% | +8.30% | -4.36% | +0.08B |
| 2024-12-31 | $2.22B | 106 | +17.17% | +24.89% | -7.72% | -0.11B |
| 2024-09-30 | $2.28B | 107 | +29.53% | +36.04% | -6.51% | -0.02B |
| 2024-06-30 | $2.18B | 105 | +15.67% | +24.49% | -8.82% | +0.02B |
| 2024-03-31 | $2.12B | 106 | +19.54% | +29.62% | -10.08% | -0.07B |
| 2023-12-31 | $2.05B | 109 | +17.30% | +26.18% | -8.88% | +0.05B |
| 2023-09-30 | $1.78B | 107 | +12.40% | +21.57% | -9.17% | +0.06B |
| 2023-06-30 | $1.83B | 108 | +14.81% | +19.42% | -4.61% | -0.03B |
| 2023-03-31 | $1.76B | 107 | -6.90% | -7.82% | +0.92% | -0.34B |
| 2022-12-31 | $2.01B | 123 | +8.16% | +7.56% | +0.60% | -0.05B |
| 2022-09-30 | $1.90B | 128 | -4.05% | -4.93% | +0.88% | +1.22B |
| 2022-06-30 | $714M | 53 | -14.25% | -16.11% | +1.86% | -0.07B |