Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.77%
trims when stocks drop
when a holding falls −10%+
Middle response
-15.32%
baseline attrition
Rally response
-27.38%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TPGTPG Inc. | $6M | 0.8% | -11.3% | 0.3 yr |
| NETCloudflare, Inc. | $6M | 0.8% | +83.1% | 2.3 yr |
| WMBThe Williams Companies, | $6M | 0.8% | +25.8% | 3.0 yr |
| COFCapital One Financial Co | $6M | 0.8% | +3.1% | 4.0 yr |
| LRCXLam Research Corporation | $6M | 0.8% | +196.1% | 1.3 yr |
| LULULululemon Athletica Inc. | $6M | 0.8% | -45.9% | 3.8 yr |
| WFCWells Fargo & Company | $6M | 0.8% | +13.3% | 5.3 yr |
| IPInternational Paper Comp | $6M | 0.8% | -30.2% | 2.5 yr |
| MSMorgan Stanley | $6M | 0.8% | +44.8% | 5.8 yr |
| TSCOTractor Supply Company | $6M | 0.8% | -16.4% | 2.8 yr |
| VZVerizon Communications I | $6M | 0.8% | +16.5% | 4.3 yr |
| PCGPG&E Corporation | $6M | 0.8% | +2.9% | 3.5 yr |
| EDConsolidated Edison, Inc | $6M | 0.8% | +5.8% | 3.5 yr |
| PAASPan American Silver Corp | $6M | 0.8% | +114.7% | 3.8 yr |
| COSTCostco Wholesale Corpora | $6M | 0.8% | +5.9% | 3.8 yr |
Portfolio composition (YoY)
Industry mix
Software - Application4.9%+2.8pp$39M
Semiconductors4.4%-0.9pp$35M
Industrial - Machinery4.4%+2.5pp$35M
Regulated Electric3.8%+0.4pp$30M
Aerospace & Defense3.8%+1.5pp$30M
Banks - Regional3.6%+1.3pp$28M
Software - Infrastructure2.9%-1.0pp$22M
Oil & Gas Exploration & Production2.9%-1.7pp$22M
Insurance - Property & Casualty2.6%+0.2pp$20M
Financial - Credit Services2.6%+0.2pp$20M
Country
US88.0%-1.5pp
CA6.9%+4.4pp
CH1.8%+0.6pp
Unknown1.3%-1.2pp
IE0.6%-1.1pp
GB0.5%-0.5pp
BR0.4%-0.0pp
BM0.2%
Top 5: 4.1% · Top 10: 8.1% · Top 25: 20.3%
Top buys this quarter · 15
| TPG TPG Inc.new | +$6M |
| LRCX Lam Research Corporation | +$6M |
| PCG PG&E Corporation | +$6M |
| VLTO Veralto Corporationnew | +$6M |
| DELL Dell Technologies Inc. | +$6M |
| DHR Danaher Corporation | +$6M |
| NOW ServiceNow, Inc. | +$5M |
| WFC Wells Fargo & Company | +$5M |
| SRE Sempra | +$5M |
| DECK Deckers Outdoor Corporation | +$5M |
Top sells this quarter · 15
| DOW Dow Inc. | −$9M |
| COP ConocoPhillipsexit | −$8M |
| LYB LyondellBasell Industries N.V. | −$8M |
| VRT Vertiv Holdings Coexit | −$7M |
| ROST Ross Stores, Inc.exit | −$7M |
| EOG EOG Resources, Inc.exit | −$7M |
| MRVL Marvell Technology, Inc.exit | −$7M |
| LNT Alliant Energy Corporationexit | −$6M |
| XEL Xcel Energy Inc.exit | −$6M |
| CARR Carrier Global Corporationexit | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $785M | 243 | +30.07% | +17.59% | +12.48% | +0.03B |
| 2025-12-31 | $723M | 283 | +28.66% | +17.72% | +10.94% | +0.16B |
| 2025-09-30 | $535M | 251 | +29.69% | +17.52% | +12.17% | +0.01B |
| 2025-06-30 | $484M | 250 | +30.42% | +14.94% | +15.48% | +0.01B |
| 2025-03-31 | $433M | 229 | +34.29% | +8.30% | +25.98% | +0.06B |
| 2024-12-31 | $365M | 244 | +44.65% | +24.89% | +19.76% | +0.01B |
| 2024-09-30 | $337M | 229 | +47.41% | +36.04% | +11.37% | +0.02B |
| 2024-06-30 | $287M | 224 | +35.76% | +24.49% | +11.27% | +0.10B |
| 2024-03-31 | $164M | 203 | +35.48% | +29.62% | +5.85% | -0.04B |
| 2023-12-31 | $183M | 211 | +30.00% | +26.18% | +3.82% | -0.05B |
| 2023-09-30 | $220M | 322 | +6.21% | -5.19% | +11.39% | +0.10B |
| 2023-06-30 | $123M | 212 | +12.23% | +8.68% | +3.55% | +0.04B |
| 2023-03-31 | $75M | 157 | +6.61% | +7.46% | -0.85% | -0.40B |
| 2022-06-30 | $444M | 374 | -11.97% | -16.11% | +4.14% | +0.06B |
| 2022-03-31 | $436M | 525 | — | — | — | -0.13B |
| 2021-12-31 | $568M | 447 | — | — | — | +0.21B |