Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-25.00%
trims when stocks drop
when a holding falls −10%+
Middle response
-10.61%
baseline attrition
Rally response
-6.78%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $119M | 11.0% | +60.9% | 9.3 yr |
| AVGOBroadcom Inc. | $45M | 4.2% | +86.0% | 5.8 yr |
| AAPLApple Inc. | $30M | 2.8% | +14.7% | 8.5 yr |
| MSFTMicrosoft Corporation | $27M | 2.5% | -0.6% | 9.5 yr |
| PLTRPalantir Technologies In | $27M | 2.5% | +73.3% | 2.0 yr |
| WMBThe Williams Companies, | $26M | 2.4% | +25.8% | 5.8 yr |
| MINTPIMCO Enhanced Short Mat | $26M | 2.4% | — | 7.0 yr |
| VRTVertiv Holdings Co | $25M | 2.3% | +247.5% | 1.8 yr |
| JXNJackson Financial Inc. | $21M | 2.0% | +30.6% | 2.5 yr |
| TBILUS Treasury 3 Month Bill | $19M | 1.8% | — | 1.5 yr |
| GOOGLAlphabet Inc. | $19M | 1.8% | — | 6.3 yr |
| KMIKinder Morgan, Inc. | $19M | 1.8% | +22.6% | 7.3 yr |
| APPAppLovin Corporation | $18M | 1.7% | +50.2% | 2.0 yr |
| ABBVAbbVie Inc. | $18M | 1.7% | +7.3% | 7.3 yr |
| MUMicron Technology, Inc. | $17M | 1.6% | +289.6% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors19.0%+4.3pp$205M
Asset Management11.3%-2.9pp$122M
Drug Manufacturers - General6.2%+2.1pp$67M
Software - Infrastructure5.9%-1.1pp$63M
Oil & Gas Midstream5.7%-0.7pp$62M
Oil & Gas Integrated4.7%+1.4pp$51M
Telecommunications Services3.6%+0.1pp$38M
Aerospace & Defense3.0%$33M
Consumer Electronics2.8%-1.2pp$30M
Internet Content & Information2.8%+0.1pp$30M
Country
US94.5%-1.1pp
Unknown2.0%+1.2pp
GB1.9%-0.6pp
TW1.2%+0.6pp
BR0.5%
IE0.0%
Top 5: 23.0% · Top 10: 33.9% · Top 25: 56.5%
Top buys this quarter · 15
| XOM Exxon Mobil Corporation | +$14M |
| WWD Woodward, Inc.new | +$9M |
| HST Host Hotels & Resorts, Inc.new | +$8M |
| APH Amphenol Corporation | +$8M |
| SLG SL Green Realty Corp.new | +$7M |
| IVZ Invesco Ltd. | +$6M |
| AMGN Amgen Inc. | +$5M |
| ABBV AbbVie Inc. | +$5M |
| GEV GE Vernova Inc. | +$5M |
| LRCX Lam Research Corporation | +$5M |
Top sells this quarter · 15
| UNM Unum Groupexit | −$9M |
| VIRT Virtu Financial, Inc.exit | −$9M |
| DLR Digital Realty Trust, Inc.exit | −$8M |
| GILD Gilead Sciences, Inc. | −$7M |
| VICI VICI Properties Inc.exit | −$7M |
| AMD Advanced Micro Devices, Inc. | −$7M |
| AVGO Broadcom Inc. | −$7M |
| SMG The Scotts Miracle-Gro Companyexit | −$7M |
| MA Mastercard Incorporated | −$7M |
| UBER Uber Technologies, Inc.exit | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.07B | 203 | +28.35% | +17.59% | +10.76% | +0.07B |
| 2025-12-31 | $1.02B | 123 | +24.02% | +17.72% | +6.30% | -0.04B |
| 2025-09-30 | $1.04B | 203 | +37.90% | +17.52% | +20.38% | +0.01B |
| 2025-06-30 | $937M | 193 | +30.53% | +14.94% | +15.58% | +0.06B |
| 2025-03-31 | $756M | 122 | +17.04% | +8.30% | +8.74% | -0.05B |
| 2024-12-31 | $849M | 204 | +36.24% | +24.89% | +11.35% | +0.54B |
| 2024-09-30 | $277M | 45 | +34.69% | +36.04% | -1.35% | -0.39B |
| 2024-06-30 | $641M | 284 | +33.70% | +24.49% | +9.21% | +0.27B |
| 2024-03-31 | $358M | 108 | +32.37% | +28.16% | +4.21% | +0.36B |
| 2023-12-31 | $0M | 109 | +29.85% | +24.88% | +4.97% | -0.44B |
| 2023-09-30 | $393M | 111 | +10.82% | +6.34% | +4.48% | -0.01B |
| 2023-03-31 | $386M | 103 | -4.79% | -7.82% | +3.03% | -0.07B |
| 2022-12-31 | $443M | 174 | -12.22% | -18.17% | +5.96% | +0.02B |
| 2022-09-30 | $385M | 147 | -10.47% | -15.51% | +5.04% | -0.03B |
| 2022-06-30 | $434M | 155 | -5.51% | -10.62% | +5.11% | -0.03B |
| 2022-03-31 | $522M | 171 | +61.12% | +15.45% | +45.67% | -0.02B |