Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.13%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.18%
baseline attrition
Rally response
+2.27%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $2.43B | 7.0% | — | 0.5 yr |
| AAPLApple Inc. | $2.04B | 5.9% | — | 0.5 yr |
| MSFTMicrosoft Corporation | $1.51B | 4.3% | — | 0.5 yr |
| AMZNAmazon.com, Inc. | $1.21B | 3.5% | — | 0.5 yr |
| GOOGLAlphabet Inc. | $985M | 2.8% | — | 0.5 yr |
| GOOGAlphabet Inc. | $892M | 2.6% | — | 0.5 yr |
| AVGOBroadcom Inc. | $780M | 2.2% | — | 0.5 yr |
| METAMeta Platforms, Inc. | $666M | 1.9% | — | 0.5 yr |
| TSLATesla, Inc. | $572M | 1.6% | — | 0.5 yr |
| VVisa Inc. | $535M | 1.5% | — | 0.5 yr |
| JPMJPMorgan Chase & Co. | $496M | 1.4% | — | 0.5 yr |
| LLYEli Lilly and Company | $429M | 1.2% | — | 0.5 yr |
| MAMastercard Incorporated | $378M | 1.1% | — | 0.5 yr |
| WMWaste Management, Inc. | $306M | 0.9% | — | 0.5 yr |
| ABTAbbott Laboratories | $284M | 0.8% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.3%$4.61B
Internet Content & Information7.7%$2.66B
Software - Infrastructure6.4%$2.24B
Consumer Electronics6.1%$2.12B
Specialty Retail4.3%$1.51B
Drug Manufacturers - General3.9%$1.36B
Financial - Credit Services3.4%$1.19B
Banks - Diversified3.3%$1.14B
Software - Application2.4%$837M
Financial - Data & Stock Exchanges2.2%$770M
Country
US93.7%
IE1.6%
GB0.9%
Unknown0.5%
SG0.5%
CA0.4%
CH0.4%
BM0.3%
Top 5: 23.5% · Top 10: 33.4% · Top 25: 45.4%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| PANW Palo Alto Networks, Inc. | +$24M |
| O Realty Income Corporation | +$23M |
| CIEN Ciena Corporation | +$22M |
| CDNS Cadence Design Systems, Inc. | +$22M |
| LITE Lumentum Holdings Inc.new | +$22M |
| BBD Banco Bradesco S.A. | +$22M |
| VZ Verizon Communications Inc. | +$21M |
| LNG Cheniere Energy, Inc. | +$19M |
| CDE Coeur Mining, Inc.new | +$19M |
| TSM Taiwan Semiconductor Manufactu | +$18M |
Top sells this quarter · 15
| MSFT Microsoft Corporation | −$157M |
| HD The Home Depot, Inc. | −$123M |
| AMZN Amazon.com, Inc. | −$92M |
| WCN Waste Connections, Inc. | −$56M |
| RCL Royal Caribbean Cruises Ltd. | −$40M |
| WM Waste Management, Inc. | −$32M |
| ACN Accenture plc | −$29M |
| PWR Quanta Services, Inc. | −$211M |
| JPM JPMorgan Chase & Co. | −$26M |
| GOOG Alphabet Inc. | −$21M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $34.78B | 771 | -5.73% | -4.37% | -1.36% | -0.33B |
| 2025-12-31 | $37.24B | 774 | — | — | — | — |