Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.89%
adds when stocks drop
when a holding falls −10%+
Middle response
+5.37%
steady accumulation
Rally response
+3.45%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $270M | 3.3% | +14.7% | 5.8 yr |
| NVDANVIDIA Corporation | $257M | 3.2% | +60.9% | 5.8 yr |
| AMZNAmazon.com, Inc. | $162M | 2.0% | +9.5% | 5.8 yr |
| MSFTMicrosoft Corporation | $143M | 1.8% | -0.6% | 5.8 yr |
| GOOGLAlphabet Inc. | $125M | 1.6% | — | 5.8 yr |
| QQQInvesco QQQ Trust, Serie | $103M | 1.3% | — | 5.8 yr |
| JPMJPMorgan Chase & Co. | $102M | 1.3% | +21.8% | 5.8 yr |
| BRK-BBerkshire Hathaway Inc. | $84M | 1.0% | — | 5.8 yr |
| VTVVanguard Value ETF | $83M | 1.0% | — | 5.8 yr |
| SPYState Street SPDR S&P 50 | $80M | 1.0% | +17.6% | 5.8 yr |
| COSTCostco Wholesale Corpora | $79M | 1.0% | +5.9% | 5.8 yr |
| IVViShares Core S&P 500 ETF | $77M | 1.0% | — | 5.8 yr |
| VUGVanguard Growth ETF | $74M | 0.9% | — | 5.8 yr |
| AVGOBroadcom Inc. | $72M | 0.9% | +86.0% | 5.8 yr |
| METAMeta Platforms, Inc. | $68M | 0.9% | -0.4% | 5.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management42.2%+1.3pp$3.40B
Semiconductors6.3%+1.6pp$509M
Asset Management - Bonds3.6%-0.5pp$291M
Consumer Electronics3.4%-0.4pp$273M
Internet Content & Information3.3%+0.4pp$267M
Software - Infrastructure3.2%-0.5pp$261M
Drug Manufacturers - General2.7%-0.1pp$215M
Specialty Retail2.4%-0.5pp$195M
Aerospace & Defense1.9%+0.2pp$154M
Banks - Diversified1.8%+0.0pp$145M
Country
US95.6%-1.1pp
Unknown1.2%+1.0pp
CA0.7%+0.1pp
IE0.7%-0.1pp
GB0.4%+0.0pp
TW0.3%+0.2pp
NL0.2%+0.1pp
CH0.2%-0.1pp
Top 5: 11.9% · Top 10: 17.5% · Top 25: 29.6%
Top buys this quarter · 15
| JPM JPMorgan Chase & Co. | +$9M |
| MSFT Microsoft Corporation | +$143M |
| SPY State Street SPDR S&P 500 ETF | +$7M |
| CVX Chevron Corporation | +$5M |
| COST Costco Wholesale Corporation | +$5M |
| AVGO Broadcom Inc. | +$72M |
| AAPL Apple Inc. | +$270M |
| AZN AstraZeneca PLCnew | +$3M |
| SCHW The Charles Schwab Corporation | +$3M |
| TSM Taiwan Semiconductor Manufactu | +$3M |
Top sells this quarter · 15
| NVDA NVIDIA Corporation | −$10M |
| META Meta Platforms, Inc. | −$5M |
| TTE TotalEnergies SEexit | −$3M |
| PG The Procter & Gamble Company | −$3M |
| AMT American Tower Corporation | −$2M |
| APO Apollo Global Management, Inc. | −$2M |
| XOM Exxon Mobil Corporation | −$35M |
| AMZN Amazon.com, Inc. | −$2M |
| WMT Walmart Inc. | −$49M |
| CAT Caterpillar Inc. | −$24M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $8.06B | 1739 | +19.55% | +17.59% | +1.96% | +0.37B |
| 2025-12-31 | $7.94B | 1698 | +18.33% | +17.72% | +0.61% | +0.18B |
| 2025-09-30 | $7.61B | 1644 | +20.56% | +17.52% | +3.05% | +0.11B |
| 2025-06-30 | $6.91B | 1589 | +17.82% | +14.94% | +2.88% | +0.26B |
| 2025-03-31 | $5.96B | 1488 | +8.35% | +8.30% | +0.05% | +0.35B |
| 2024-12-31 | $5.85B | 1394 | +21.97% | +24.89% | -2.92% | +0.20B |
| 2024-09-30 | $5.44B | 1354 | +31.28% | +36.04% | -4.76% | +0.16B |
| 2024-06-30 | $4.98B | 1335 | +18.94% | +24.49% | -5.55% | +0.44B |
| 2024-03-31 | $4.42B | 1294 | +23.83% | +29.62% | -5.79% | +0.19B |
| 2023-12-31 | $3.92B | 1216 | +22.59% | +26.18% | -3.58% | +0.38B |
| 2023-09-30 | $3.17B | 1162 | +7.66% | +21.57% | -13.91% | +0.37B |
| 2023-06-30 | $2.91B | 1081 | +6.01% | +19.42% | -13.41% | +0.23B |
| 2023-03-31 | $2.50B | 1054 | -15.70% | -7.82% | -7.88% | +0.40B |
| 2022-12-31 | $1.97B | 893 | -24.68% | -18.17% | -6.51% | +0.28B |
| 2022-09-30 | $1.72B | 901 | -14.79% | -15.51% | +0.72% | +0.07B |
| 2022-06-30 | $1.75B | 914 | -9.45% | -10.62% | +1.17% | +0.04B |