Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+6.15%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.00%
steady accumulation
Rally response
+1.13%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPHYState Street SPDR Portfo | $11M | 4.1% | — | 1.8 yr |
| IVViShares Core S&P 500 ETF | $9M | 3.3% | — | 1.8 yr |
| AVGOBroadcom Inc. | $8M | 3.2% | +86.0% | 1.8 yr |
| NVDANVIDIA Corporation | $8M | 3.1% | +60.9% | 1.8 yr |
| AAPLApple Inc. | $7M | 2.8% | +14.7% | 1.8 yr |
| GOOGLAlphabet Inc. | $7M | 2.8% | — | 1.8 yr |
| AGGiShares Core U.S. Aggreg | $6M | 2.2% | — | 1.8 yr |
| METAMeta Platforms, Inc. | $6M | 2.2% | -0.4% | 1.8 yr |
| QSRRestaurant Brands Intern | $6M | 2.2% | +15.1% | 1.8 yr |
| AMRXAmneal Pharmaceuticals, | $6M | 2.1% | +48.3% | 0.3 yr |
| WABWestinghouse Air Brake T | $5M | 2.1% | +38.5% | 1.0 yr |
| SPYState Street SPDR S&P 50 | $5M | 2.1% | +17.6% | 1.8 yr |
| NVSNovartis AG | $5M | 2.1% | +39.7% | 1.8 yr |
| QQQInvesco QQQ Trust, Serie | $5M | 2.1% | — | 1.8 yr |
| VTIVanguard Total Stock Mar | $5M | 2.1% | — | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management38.6%-0.3pp$100M
Asset Management - Bonds10.7%+4.7pp$28M
Semiconductors6.5%-4.2pp$17M
Internet Content & Information5.3%+0.2pp$14M
Software - Application4.5%+0.3pp$12M
Insurance - Property & Casualty3.4%+2.2pp$9M
Drug Manufacturers - General3.0%-0.1pp$8M
Consumer Electronics2.8%-1.2pp$7M
Drug Manufacturers - Specialty & Generic2.8%+2.2pp$7M
Restaurants2.2%+0.1pp$6M
Country
US92.8%-1.5pp
CA3.3%+1.6pp
CH2.1%+0.4pp
IE1.6%+0.3pp
ZA0.1%+0.1pp
BR0.1%+0.0pp
Top 5: 16.6% · Top 10: 28.2% · Top 25: 56.5%
Top buys this quarter · 15
| AMRX Amneal Pharmaceuticals, Inc.new | +$6M |
| APP AppLovin Corporationnew | +$5M |
| ICLR ICON Public Limited Company | +$3M |
| ADBE Adobe Inc. | +$4M |
| GEN Gen Digital Inc. | +$4M |
| OTEX Open Text Corporation | +$3M |
| JXN Jackson Financial Inc.new | +$0M |
| QSR Restaurant Brands Internationa | +$0M |
| PJT PJT Partners Inc. | +$4M |
| CTSH Cognizant Technology Solutionsnew | +$0M |
Top sells this quarter · 15
| IDCC InterDigital, Inc.exit | −$6M |
| ENVA Enova International, Inc.exit | −$6M |
| SPY State Street SPDR S&P 500 ETF | −$0M |
| ROKU Roku, Inc.exit | −$0M |
| SMA Smartstop Self Storage REIT Inexit | −$0M |
| KLAC KLA Corporation | −$0M |
| KTOS Kratos Defense & Security Solu | −$0M |
| MU Micron Technology, Inc.exit | −$0M |
| IMMR Immersion Corporationexit | −$0M |
| PANW Palo Alto Networks, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $259M | 168 | +21.26% | +17.59% | +3.67% | +0.01B |
| 2025-12-31 | $269M | 168 | +21.91% | +17.72% | +4.19% | -0.01B |
| 2025-09-30 | $276M | 178 | +26.31% | +17.52% | +8.79% | +0.03B |
| 2025-06-30 | $219M | 173 | +17.31% | +10.78% | +6.53% | +0.03B |
| 2025-03-31 | $165M | 146 | -7.72% | -4.27% | -3.46% | +0.01B |
| 2024-12-31 | $164M | 145 | +5.05% | +2.49% | +2.56% | -0.00B |
| 2024-09-30 | $160M | 146 | — | — | — | — |