Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.52%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.05%
baseline attrition
Rally response
-1.82%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ORCLOracle Corporation | $11M | 7.1% | +5.9% | 8.8 yr |
| TDGTransDigm Group Incorpor | $11M | 6.9% | -10.5% | 6.8 yr |
| ARLPAlliance Resource Partne | $8M | 4.9% | +11.9% | 7.8 yr |
| TSMTaiwan Semiconductor Man | $8M | 4.7% | +105.6% | 6.5 yr |
| MSFTMicrosoft Corporation | $7M | 4.6% | -0.6% | 4.0 yr |
| GOOGAlphabet Inc. | $7M | 4.5% | +84.3% | 6.8 yr |
| NXSTNexstar Media Group, Inc | $7M | 4.3% | +4.7% | 8.5 yr |
| AMZNAmazon.com, Inc. | $7M | 4.2% | +9.5% | 9.3 yr |
| MAMastercard Incorporated | $6M | 4.0% | -8.5% | 6.8 yr |
| SUSuncor Energy Inc. | $6M | 3.8% | +77.6% | 9.8 yr |
| NVDANVIDIA Corporation | $5M | 3.3% | +60.9% | 0.3 yr |
| VVisa Inc. | $5M | 3.2% | -13.1% | 6.8 yr |
| INTUIntuit Inc. | $5M | 3.2% | -29.3% | 9.8 yr |
| AVGOBroadcom Inc. | $5M | 3.0% | +86.0% | 6.8 yr |
| JAZZJazz Pharmaceuticals plc | $4M | 2.7% | +52.3% | 9.8 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors12.5%+5.4pp$20M
Software - Infrastructure12.0%-3.0pp$19M
Financial - Credit Services8.6%+0.2pp$14M
Internet Content & Information7.4%+2.3pp$12M
Aerospace & Defense7.4%-2.2pp$12M
Specialty Retail5.2%+0.2pp$8M
Coal4.9%-0.2pp$8M
Entertainment4.5%-1.2pp$7M
Oil & Gas Integrated3.8%+0.4pp$6M
Financial - Data & Stock Exchanges3.6%-1.6pp$6M
Country
US88.8%-2.1pp
TW4.7%+2.4pp
CA3.8%-0.1pp
IE2.7%-0.2pp
Top 5: 28.1% · Top 10: 48.8% · Top 25: 83.5%
Top buys this quarter · 9
| NVDA NVIDIA Corporationnew | +$5M |
| INTU Intuit Inc. | +$3M |
| AXP American Express Company | +$1M |
| MA Mastercard Incorporated | +$1M |
| EFX Equifax Inc. | +$1M |
| MSFT Microsoft Corporation | +$7M |
| V Visa Inc. | +$5M |
| FIS Fidelity National Information | +$0M |
| FI Fiserv, Inc. | +$2M |
Top sells this quarter · 15
| AVGO Broadcom Inc. | −$4M |
| ORCL Oracle Corporation | −$3M |
| SU Suncor Energy Inc. | −$5M |
| MSCI MSCI Inc.exit | −$1M |
| NDAQ Nasdaq, Inc. | −$1M |
| ACN Accenture plcexit | −$1M |
| CRM Salesforce, Inc.exit | −$1M |
| DG Dollar General Corporationexit | −$1M |
| AMZN Amazon.com, Inc. | −$0M |
| SPY State Street SPDR S&P 500 ETF exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $160M | 50 | +6.20% | +17.59% | -11.39% | -0.00B |
| 2025-12-31 | $181M | 56 | +17.66% | +17.72% | -0.06% | +0.00B |
| 2025-09-30 | $185M | 54 | +25.22% | +17.52% | +7.71% | -0.00B |
| 2025-06-30 | $176M | 53 | +21.13% | +14.94% | +6.19% | -0.00B |
| 2025-03-31 | $156M | 55 | +11.70% | +8.30% | +3.39% | -0.00B |
| 2024-12-31 | $161M | 51 | +23.44% | +24.89% | -1.45% | -0.00B |
| 2024-09-30 | $159M | 51 | +37.18% | +36.04% | +1.14% | +0.00B |
| 2024-06-30 | $152M | 54 | +27.58% | +24.49% | +3.09% | -0.00B |
| 2024-03-31 | $145M | 54 | +27.60% | +29.62% | -2.02% | -0.01B |
| 2023-12-31 | $140M | 53 | +26.54% | +26.18% | +0.36% | +0.00B |
| 2023-09-30 | $119M | 53 | +17.20% | +21.57% | -4.37% | -0.01B |
| 2023-06-30 | $129M | 53 | +14.26% | +19.42% | -5.16% | -0.00B |
| 2023-03-31 | $126M | 52 | -5.63% | -7.82% | +2.19% | +0.00B |
| 2022-12-31 | $113M | 53 | +5.69% | +7.56% | -1.87% | -0.00B |
| 2022-09-30 | $107M | 50 | -5.99% | -4.93% | -1.06% | -0.00B |
| 2022-06-30 | $115M | 50 | -12.68% | -16.11% | +3.43% | -0.00B |