Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+5.02%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.34%
baseline attrition
Rally response
-0.10%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $55M | 6.7% | +60.9% | 7.5 yr |
| GOOGAlphabet Inc. | $41M | 4.9% | +84.3% | 10.5 yr |
| AAPLApple Inc. | $34M | 4.1% | +14.7% | 10.5 yr |
| PWRQuanta Services, Inc. | $30M | 3.6% | +116.2% | 6.3 yr |
| AMZNAmazon.com, Inc. | $29M | 3.4% | +9.5% | 9.8 yr |
| BWXTBWX Technologies, Inc. | $27M | 3.3% | +108.6% | 1.5 yr |
| CVXChevron Corporation | $25M | 3.0% | +29.2% | 10.5 yr |
| MSFTMicrosoft Corporation | $24M | 2.9% | -0.6% | 9.0 yr |
| AMDAdvanced Micro Devices, | $23M | 2.7% | +98.0% | 6.8 yr |
| PLTRPalantir Technologies In | $22M | 2.6% | +73.3% | 2.3 yr |
| RTXRTX Corporation | $22M | 2.6% | +48.1% | 6.0 yr |
| JCIJohnson Controls Interna | $20M | 2.4% | +65.7% | 3.3 yr |
| NETCloudflare, Inc. | $20M | 2.4% | +83.1% | 5.8 yr |
| ISRGIntuitive Surgical, Inc. | $19M | 2.3% | -6.9% | 6.5 yr |
| FTNTFortinet, Inc. | $18M | 2.2% | -15.1% | 6.8 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure13.9%-0.6pp$115M
Aerospace & Defense9.9%+1.6pp$82M
Semiconductors9.6%+1.2pp$79M
Software - Application5.8%+0.1pp$48M
Engineering & Construction5.7%+0.9pp$47M
Internet Content & Information5.0%+1.3pp$41M
Industrial - Machinery4.6%+0.0pp$38M
Consumer Electronics4.1%+0.2pp$34M
Medical - Devices3.9%-0.4pp$32M
Specialty Retail3.4%+0.7pp$29M
Country
US94.8%-0.0pp
IE4.0%-0.2pp
DK1.2%+0.2pp
SG0.0%
Top 5: 22.7% · Top 10: 37.2% · Top 25: 67.0%
Top buys this quarter · 15
| LEU Centrus Energy Corp.new | +$9M |
| ONDS Ondas Holdings Inc.new | +$8M |
| SNOW Snowflake Inc. | +$8M |
| CRWD CrowdStrike Holdings, Inc. | +$6M |
| SMR NuScale Power Corporation | +$3M |
| RDW Redwire Corporation | +$2M |
| GOOG Alphabet Inc. | +$41M |
| NOW ServiceNow, Inc. | +$12M |
| NVO Novo Nordisk A/S | +$10M |
| CRM Salesforce, Inc. | +$10M |
Top sells this quarter · 15
| IBM International Business Machineexit | −$12M |
| VZ Verizon Communications Inc.exit | −$7M |
| BTU Peabody Energy Corporation | −$6M |
| KO The Coca-Cola Companyexit | −$6M |
| RTX RTX Corporation | −$5M |
| CVX Chevron Corporation | −$22M |
| PWR Quanta Services, Inc. | −$26M |
| GVA Granite Construction Incorpora | −$3M |
| NFLX Netflix, Inc. | −$3M |
| LHX L3Harris Technologies, Inc. | −$16M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $829M | 92 | +24.43% | +17.59% | +6.83% | -0.01B |
| 2025-12-31 | $881M | 91 | +25.85% | +17.72% | +8.14% | +0.03B |
| 2025-09-30 | $847M | 84 | +31.48% | +17.52% | +13.96% | -0.03B |
| 2025-06-30 | $804M | 85 | +26.28% | +14.94% | +11.34% | -0.85B |
| 2025-03-31 | $1.40B | 98 | +6.10% | +8.30% | -2.20% | +0.68B |
| 2024-12-31 | $746M | 86 | +21.42% | +24.89% | -3.46% | +0.01B |
| 2024-09-30 | $701M | 80 | +30.11% | +36.04% | -5.93% | -0.01B |
| 2024-06-30 | $677M | 82 | +18.60% | +24.49% | -5.89% | +0.01B |
| 2024-03-31 | $666M | 83 | +26.63% | +29.62% | -3.00% | -0.01B |
| 2023-12-31 | $614M | 85 | +25.88% | +26.18% | -0.30% | +0.00B |
| 2023-09-30 | $544M | 80 | +23.19% | +21.57% | +1.63% | -0.01B |
| 2023-06-30 | $579M | 83 | +23.52% | +19.42% | +4.10% | -0.02B |
| 2023-03-31 | $567M | 85 | -5.94% | -7.82% | +1.87% | -0.00B |
| 2022-12-31 | $518M | 85 | +10.15% | +7.56% | +2.59% | +0.01B |
| 2022-09-30 | $464M | 82 | -3.89% | -4.93% | +1.03% | -0.01B |
| 2022-06-30 | $493M | 86 | -18.90% | -16.11% | -2.79% | -0.00B |