Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.95%
trims when stocks drop
when a holding falls −10%+
Middle response
+4.16%
steady accumulation
Rally response
-2.48%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $1.25B | 6.8% | +60.9% | 10.3 yr |
| AAPLApple Inc. | $1.10B | 6.0% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $781M | 4.3% | -0.6% | 10.5 yr |
| AMZNAmazon.com, Inc. | $589M | 3.2% | +9.5% | 10.5 yr |
| GOOGLAlphabet Inc. | $464M | 2.5% | — | 10.5 yr |
| GOOGAlphabet Inc. | $441M | 2.4% | +84.3% | 10.5 yr |
| AVGOBroadcom Inc. | $410M | 2.2% | +86.0% | 0.5 yr |
| METAMeta Platforms, Inc. | $378M | 2.1% | -0.4% | 10.5 yr |
| TSLATesla, Inc. | $301M | 1.6% | +43.4% | 10.0 yr |
| JPMJPMorgan Chase & Co. | $257M | 1.4% | +21.8% | 10.3 yr |
| BRK-BBerkshire Hathaway Inc. | $236M | 1.3% | — | 10.5 yr |
| FLSPFranklin Systematic Styl | $219M | 1.2% | — | 1.5 yr |
| LLYEli Lilly and Company | $217M | 1.2% | +12.2% | 10.3 yr |
| QAINYLI Hedge Multi-Strateg | $214M | 1.2% | — | 1.8 yr |
| SWANAmplify BlackSwan Growth | $203M | 1.1% | — | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.9%+4.0pp$2.53B
Internet Content & Information7.4%-0.3pp$1.35B
Consumer Electronics6.0%-1.0pp$1.10B
Software - Infrastructure5.8%-4.0pp$1.06B
Asset Management4.6%-0.9pp$837M
Drug Manufacturers - General4.5%-0.2pp$824M
Specialty Retail3.9%-1.8pp$713M
Banks - Diversified3.1%-1.6pp$575M
Financial - Credit Services2.3%-1.2pp$418M
Software - Application2.1%-0.1pp$391M
Country
US94.1%+0.4pp
IE1.4%-1.0pp
GB0.7%-0.2pp
LU0.7%
TW0.6%-0.2pp
Unknown0.6%+0.2pp
BR0.5%
HK0.4%+0.4pp
Top 5: 22.9% · Top 10: 32.7% · Top 25: 46.0%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$406M |
| GOOG Alphabet Inc. | +$282M |
| AAPL Apple Inc. | +$257M |
| TSLA Tesla, Inc. | +$252M |
| MSFT Microsoft Corporation | +$781M |
| JNJ Johnson & Johnson | +$138M |
| META Meta Platforms, Inc. | +$134M |
| NFLX Netflix, Inc. | +$86M |
| COST Costco Wholesale Corporation | +$80M |
| GE GE Aerospace | +$79M |
Top sells this quarter · 15
| MCK McKesson Corporation | −$72M |
| JPM JPMorgan Chase & Co. | −$69M |
| DE Deere & Company | −$68M |
| ETN Eaton Corporation plc | −$67M |
| TJX The TJX Companies, Inc. | −$67M |
| BBD Banco Bradesco S.A. | −$56M |
| XYL Xylem Inc. | −$54M |
| PG The Procter & Gamble Company | −$54M |
| MU Micron Technology, Inc. | −$53M |
| MA Mastercard Incorporated | −$48M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $18.27B | 554 | +14.32% | +17.59% | -3.27% | +5.71B |
| 2025-12-31 | $13.28B | 351 | +14.80% | +17.72% | -2.92% | +0.66B |
| 2025-09-30 | $12.45B | 378 | +14.09% | +17.52% | -3.43% | -0.94B |
| 2025-06-30 | $12.55B | 371 | +13.48% | +14.94% | -1.46% | +0.59B |
| 2025-03-31 | $10.71B | 432 | +3.81% | +8.30% | -4.50% | +0.13B |
| 2024-12-31 | $11.14B | 473 | +18.98% | +24.89% | -5.90% | +0.01B |
| 2024-09-30 | $11.05B | 474 | +33.01% | +36.04% | -3.02% | +0.06B |
| 2024-06-30 | $10.36B | 474 | +21.02% | +24.49% | -3.47% | +0.50B |
| 2024-03-31 | $9.64B | 487 | +29.02% | +29.62% | -0.61% | +0.92B |
| 2023-12-31 | $8.01B | 517 | +26.99% | +26.18% | +0.81% | +0.38B |
| 2023-09-30 | $6.78B | 536 | +19.35% | +21.57% | -2.22% | -0.03B |
| 2023-06-30 | $7.06B | 534 | +18.07% | +19.42% | -1.36% | +0.05B |
| 2023-03-31 | $6.43B | 528 | -8.19% | -7.82% | -0.37% | +0.15B |
| 2022-12-31 | $5.86B | 534 | -18.30% | -18.17% | -0.13% | +0.75B |
| 2022-09-30 | $4.83B | 490 | -14.25% | -15.51% | +1.25% | +1.05B |
| 2022-06-30 | $3.95B | 312 | -9.74% | -10.62% | +0.88% | -0.11B |