Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.01%
adds when stocks drop
when a holding falls −10%+
Middle response
-5.16%
baseline attrition
Rally response
-7.65%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $96M | 5.8% | — | 6.5 yr |
| GOOGAlphabet Inc. | $82M | 5.0% | +84.3% | 9.5 yr |
| AMZNAmazon.com, Inc. | $72M | 4.4% | +9.5% | 9.3 yr |
| MSFTMicrosoft Corporation | $71M | 4.3% | -0.6% | 9.5 yr |
| AAPLApple Inc. | $63M | 3.8% | +14.7% | 6.0 yr |
| LRCXLam Research Corporation | $60M | 3.6% | +196.1% | 1.8 yr |
| NVDANVIDIA Corporation | $48M | 2.9% | +60.9% | 1.5 yr |
| PNCThe PNC Financial Servic | $43M | 2.6% | +22.7% | 9.3 yr |
| VSTVistra Corp. | $39M | 2.4% | +28.7% | 1.8 yr |
| JNJJohnson & Johnson | $37M | 2.3% | +51.5% | 9.5 yr |
| IEFAiShares Core MSCI EAFE E | $35M | 2.2% | — | 4.0 yr |
| EOGEOG Resources, Inc. | $33M | 2.0% | +16.9% | 7.5 yr |
| NEMNewmont Corporation | $33M | 2.0% | +127.1% | 7.0 yr |
| AZOAutoZone, Inc. | $32M | 2.0% | -11.4% | 2.0 yr |
| AVGOBroadcom Inc. | $31M | 1.9% | +86.0% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management12.1%+1.4pp$200M
Semiconductors11.4%+6.7pp$188M
Specialty Retail6.5%+0.5pp$108M
Internet Content & Information6.3%+2.2pp$103M
Software - Infrastructure5.2%-1.1pp$86M
Consumer Electronics3.8%+1.6pp$63M
Software - Application3.2%-1.5pp$53M
Banks - Regional3.1%+0.1pp$52M
Financial - Credit Services3.1%-1.5pp$50M
Apparel - Retail2.9%-0.6pp$48M
Country
US97.4%-2.4pp
Unknown2.2%
GB0.2%+0.0pp
UY0.2%
Top 5: 23.3% · Top 10: 37.1% · Top 25: 62.9%
Top buys this quarter · 15
| NEM Newmont Corporation | +$18M |
| CRWD CrowdStrike Holdings, Inc. | +$10M |
| EQT EQT Corporation | +$10M |
| EOG EOG Resources, Inc. | +$10M |
| VEEV Veeva Systems Inc. | +$8M |
| UUUU Energy Fuels Inc.new | +$8M |
| VLO Valero Energy Corporation | +$7M |
| AAPL Apple Inc. | +$5M |
| HD The Home Depot, Inc. | +$5M |
| ALNY Alnylam Pharmaceuticals, Inc.new | +$4M |
Top sells this quarter · 15
| NOC Northrop Grumman Corporation | −$31M |
| MU Micron Technology, Inc. | −$26M |
| EXAS Exact Sciences Corporationexit | −$20M |
| ACN Accenture plcexit | −$18M |
| CVX Chevron Corporation | −$14M |
| ZTS Zoetis Inc.exit | −$13M |
| KEX Kirby Corporationexit | −$12M |
| XOM Exxon Mobil Corporation | −$11M |
| LRCX Lam Research Corporation | −$55M |
| ROST Ross Stores, Inc. | −$11M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.65B | 110 | +21.09% | +17.59% | +3.50% | -0.09B |
| 2025-12-31 | $1.78B | 110 | +20.51% | +17.72% | +2.79% | +0.00B |
| 2025-09-30 | $1.71B | 107 | +15.03% | +17.52% | -2.49% | +0.01B |
| 2025-06-30 | $1.57B | 111 | +15.15% | +14.94% | +0.21% | -0.12B |
| 2025-03-31 | $1.54B | 110 | +3.31% | +8.30% | -5.00% | -0.02B |
| 2024-12-31 | $1.59B | 103 | +15.29% | +24.89% | -9.59% | -0.03B |
| 2024-09-30 | $1.64B | 96 | +26.84% | +36.04% | -9.20% | -0.07B |
| 2024-06-30 | $1.59B | 94 | +14.65% | +24.49% | -9.85% | -0.03B |
| 2024-03-31 | $1.63B | 94 | +20.65% | +29.62% | -8.98% | -0.06B |
| 2023-12-31 | $1.55B | 97 | +13.60% | +26.18% | -12.58% | +0.06B |
| 2023-09-30 | $1.37B | 93 | +17.31% | +21.57% | -4.26% | -0.06B |
| 2023-06-30 | $1.46B | 93 | +13.84% | +19.42% | -5.58% | -0.00B |
| 2023-03-31 | $1.41B | 93 | -1.54% | -7.82% | +6.27% | -0.08B |
| 2022-12-31 | $1.46B | 97 | +12.66% | +7.56% | +5.10% | -0.03B |
| 2022-09-30 | $1.32B | 98 | -5.33% | -4.93% | -0.40% | +0.00B |
| 2022-06-30 | $1.39B | 100 | -9.85% | -16.11% | +6.26% | -0.02B |