Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.05%
adds when stocks drop
when a holding falls −10%+
Middle response
-4.23%
baseline attrition
Rally response
+0.58%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $37M | 5.2% | +14.7% | 9.0 yr |
| AMATApplied Materials, Inc. | $28M | 3.9% | +137.6% | 1.5 yr |
| SPLGSPDR Portfolio S&P 500 E | $28M | 3.8% | — | 8.5 yr |
| SPDWState Street SPDR Portfo | $24M | 3.3% | — | 8.5 yr |
| NVDANVIDIA Corporation | $21M | 2.9% | +60.9% | 7.8 yr |
| GOOGLAlphabet Inc. | $20M | 2.7% | — | 9.3 yr |
| BWABorgWarner Inc. | $19M | 2.6% | +92.1% | 2.0 yr |
| BKThe Bank of New York Mel | $18M | 2.5% | +44.4% | 6.5 yr |
| GBILGoldman Sachs Access Tre | $17M | 2.4% | — | 1.3 yr |
| SLViShares Silver Trust | $17M | 2.4% | — | 1.5 yr |
| AMGNAmgen Inc. | $16M | 2.3% | +16.5% | 7.8 yr |
| SCHWThe Charles Schwab Corpo | $15M | 2.1% | +21.5% | 1.8 yr |
| SCHXSchwab U.S. Large-Cap ET | $14M | 2.0% | — | 8.8 yr |
| SCHOSchwab Short-Term U.S. T | $13M | 1.9% | — | 6.3 yr |
| MDTMedtronic plc | $13M | 1.8% | -1.3% | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management47.1%+4.3pp$340M
Semiconductors9.8%+3.1pp$71M
Consumer Electronics5.2%-0.4pp$37M
Drug Manufacturers - General3.9%-1.0pp$28M
Internet Content & Information3.8%+1.9pp$27M
Medical - Devices2.7%-1.3pp$19M
Auto - Parts2.6%+0.7pp$19M
Financial - Capital Markets2.3%-0.2pp$17M
Asset Management - Leveraged2.2%-0.3pp$16M
Agricultural - Machinery2.2%+0.1pp$16M
Country
US96.9%+0.7pp
IE1.8%-0.9pp
CA0.6%+0.5pp
GB0.5%-0.4pp
TW0.1%+0.1pp
BM0.1%+0.0pp
Top 5: 19.1% · Top 10: 31.7% · Top 25: 54.7%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| AMAT | $15M | +0.02B | 137.6% |
| BWA | $12M | +0.01B | 92.1% |
| BK | $22M | +0.01B | 44.4% |
| NVDA | $15M | +0.01B | 60.9% |
| CAT | $5M | +0.01B | 117.8% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MDT | $16M | -0.00B | -1.3% |
Top buys this quarter · 15
| FIGR Figure Technology Solutions, Inew | +$1M |
| GEV GE Vernova Inc.new | +$0M |
| LWAY Lifeway Foods, Inc.new | +$0M |
| APA APA Corporationnew | +$0M |
| TSM Taiwan Semiconductor Manufactu | +$0M |
| GALT Galectin Therapeutics Inc. | +$1M |
| MU Micron Technology, Inc. | +$0M |
| GE GE Aerospace | +$0M |
| ORCL Oracle Corporation | +$1M |
| COIN Coinbase Global, Inc. | +$3M |
Top sells this quarter · 15
| INTC Intel Corporation | −$7M |
| META Meta Platforms, Inc. | −$6M |
| AMAT Applied Materials, Inc. | −$23M |
| BWA BorgWarner Inc. | −$17M |
| SCHW The Charles Schwab Corporation | −$1M |
| BK The Bank of New York Mellon Co | −$1M |
| AAPL Apple Inc. | −$1M |
| MDT Medtronic plc | −$1M |
| AMGN Amgen Inc. | −$16M |
| CVS CVS Health Corporation | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $723M | 281 | +27.17% | +17.59% | +9.57% | -0.01B |
| 2025-12-31 | $735M | 278 | +23.76% | +17.72% | +6.04% | -0.01B |
| 2025-09-30 | $707M | 278 | +20.26% | +17.52% | +2.75% | -0.04B |
| 2025-06-30 | $666M | 295 | +14.25% | +14.94% | -0.69% | +0.00B |
| 2025-03-31 | $621M | 283 | +12.39% | +8.30% | +4.08% | -0.02B |
| 2024-12-31 | $652M | 287 | +20.61% | +24.89% | -4.28% | +0.30B |
| 2024-09-30 | $344M | 226 | +34.56% | +36.04% | -1.48% | -0.03B |
| 2024-06-30 | $351M | 228 | +22.07% | +24.49% | -2.42% | -0.01B |
| 2024-03-31 | $343M | 220 | +25.90% | +29.62% | -3.72% | -0.01B |
| 2023-12-31 | $333M | 219 | +34.56% | +26.18% | +8.38% | -0.02B |
| 2023-09-30 | $306M | 193 | +10.49% | +21.57% | -11.08% | -0.01B |
| 2023-06-30 | $324M | 200 | +8.49% | +19.42% | -10.93% | -0.03B |
| 2023-03-31 | $331M | 203 | -16.43% | -7.82% | -8.62% | -0.12B |
| 2022-12-31 | $403M | 242 | -28.85% | -18.17% | -10.68% | +0.06B |
| 2022-09-30 | $370M | 222 | -15.85% | -15.51% | -0.35% | +0.01B |
| 2022-06-30 | $384M | 218 | -10.93% | -10.62% | -0.31% | +0.06B |