Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.79%
adds when stocks drop
when a holding falls −10%+
Middle response
-10.33%
baseline attrition
Rally response
+1.62%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TRGPTarga Resources Corp. | $98M | 6.3% | +28.0% | 0.3 yr |
| WABWestinghouse Air Brake T | $89M | 5.7% | +38.5% | 1.3 yr |
| MCKMcKesson Corporation | $81M | 5.2% | +29.1% | 2.3 yr |
| WMTWalmart Inc. | $81M | 5.2% | +42.8% | 0.3 yr |
| TTTrane Technologies plc | $80M | 5.1% | +24.8% | 0.3 yr |
| AMATApplied Materials, Inc. | $77M | 5.0% | +137.6% | 5.3 yr |
| IBKRInteractive Brokers Grou | $76M | 4.9% | +62.8% | 0.5 yr |
| MAMastercard Incorporated | $71M | 4.6% | -8.5% | 7.3 yr |
| AVGOBroadcom Inc. | $70M | 4.5% | +86.0% | 8.0 yr |
| LLYEli Lilly and Company | $70M | 4.5% | +12.2% | 1.3 yr |
| VVisa Inc. | $68M | 4.4% | -13.1% | 10.3 yr |
| SHWThe Sherwin-Williams Com | $67M | 4.3% | -7.4% | 7.0 yr |
| GEGE Aerospace | $67M | 4.3% | +42.5% | 2.0 yr |
| VRSKVerisk Analytics, Inc. | $66M | 4.3% | -35.7% | 0.3 yr |
| MSCIMSCI Inc. | $65M | 4.2% | -3.4% | 4.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors9.5%-1.5pp$147M
Financial - Credit Services9.0%-1.6pp$139M
Financial - Data & Stock Exchanges8.2%-0.7pp$128M
Oil & Gas Midstream6.3%$98M
Railroads5.8%+1.4pp$90M
Medical - Distribution5.2%-0.4pp$81M
Discount Stores5.2%$81M
Construction5.1%$80M
Investment - Banking & Investment Services4.9%$76M
Drug Manufacturers - General4.5%-4.6pp$70M
Country
US90.8%-8.8pp
IE8.9%
CA0.2%-0.1pp
Unknown0.1%+0.0pp
Top 5: 27.6% · Top 10: 51.1% · Top 25: 99.8%
Top buys this quarter · 13
| TRGP Targa Resources Corp.new | +$98M |
| WMT Walmart Inc.new | +$81M |
| TT Trane Technologies plcnew | +$80M |
| VRSK Verisk Analytics, Inc.new | +$66M |
| INTU Intuit Inc. | +$60M |
| AVGO Broadcom Inc. | +$70M |
| WCN Waste Connections, Inc. | +$0M |
| FSV FirstService Corporation | +$0M |
| BN Brookfield Corporation | +$1M |
| CM Canadian Imperial Bank of Comm | +$0M |
Top sells this quarter · 15
| ODFL Old Dominion Freight Line, Incexit | −$107M |
| CARR Carrier Global Corporationexit | −$73M |
| UNH UnitedHealth Group Incorporateexit | −$66M |
| DPZ Domino's Pizza, Inc.exit | −$53M |
| AMAT Applied Materials, Inc. | −$34M |
| APH Amphenol Corporation | −$19M |
| SPY State Street SPDR S&P 500 ETF | −$10M |
| WAB Westinghouse Air Brake Technol | −$81M |
| MCK McKesson Corporation | −$5M |
| MA Mastercard Incorporated | −$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.55B | 31 | +7.47% | +17.59% | -10.12% | -0.10B |
| 2025-12-31 | $1.73B | 33 | +12.32% | +17.72% | -5.40% | -0.03B |
| 2025-09-30 | $1.69B | 31 | +2.73% | +17.52% | -14.78% | -0.07B |
| 2025-06-30 | $1.76B | 31 | +11.36% | +14.94% | -3.58% | -0.45B |
| 2025-03-31 | $2.05B | 32 | +1.69% | +8.30% | -6.61% | +0.00B |
| 2024-12-31 | $2.05B | 33 | +8.46% | +24.89% | -16.43% | -0.03B |
| 2024-09-30 | $2.18B | 31 | +29.65% | +36.04% | -6.39% | -0.01B |
| 2024-06-30 | $2.02B | 31 | +14.19% | +24.49% | -10.30% | -0.08B |
| 2024-03-31 | $2.13B | 30 | +21.01% | +29.62% | -8.61% | -0.00B |
| 2023-12-31 | $2.00B | 32 | +20.90% | +26.18% | -5.28% | -0.04B |
| 2023-09-30 | $1.79B | 31 | +16.99% | +21.57% | -4.57% | -0.03B |
| 2023-06-30 | $1.90B | 31 | +16.11% | +19.42% | -3.31% | -0.03B |
| 2023-03-31 | $1.85B | 32 | -2.30% | -7.82% | +5.52% | -0.01B |
| 2022-12-31 | $1.75B | 33 | -12.22% | -18.17% | +5.96% | -0.04B |
| 2022-09-30 | $1.63B | 32 | -3.56% | -15.51% | +11.95% | -0.05B |
| 2022-06-30 | $1.77B | 32 | -12.02% | -16.11% | +4.09% | -0.03B |