Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-7.79%
trims when stocks drop
when a holding falls −10%+
Middle response
-5.08%
baseline attrition
Rally response
-2.04%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $97M | 5.5% | +60.9% | 6.0 yr |
| AAPLApple Inc. | $89M | 5.0% | +14.7% | 8.8 yr |
| MSFTMicrosoft Corporation | $69M | 3.9% | -0.6% | 9.0 yr |
| GOOGLAlphabet Inc. | $40M | 2.2% | — | 6.5 yr |
| XOMExxon Mobil Corporation | $38M | 2.1% | +47.6% | 9.0 yr |
| GOOGAlphabet Inc. | $34M | 1.9% | +84.3% | 4.3 yr |
| AVGOBroadcom Inc. | $33M | 1.9% | +86.0% | 5.5 yr |
| METAMeta Platforms, Inc. | $27M | 1.5% | -0.4% | 6.5 yr |
| TSLATesla, Inc. | $26M | 1.5% | +43.4% | 6.0 yr |
| JPMJPMorgan Chase & Co. | $25M | 1.4% | +21.8% | 9.0 yr |
| GSThe Goldman Sachs Group, | $23M | 1.3% | +58.1% | 4.0 yr |
| CSCOCisco Systems, Inc. | $22M | 1.2% | +28.1% | 7.5 yr |
| CVXChevron Corporation | $22M | 1.2% | +29.2% | 2.3 yr |
| BACBank of America Corporat | $21M | 1.2% | +19.4% | 4.8 yr |
| TAT&T Inc. | $19M | 1.1% | +5.9% | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors10.6%+4.3pp$188M
Internet Content & Information5.8%+1.3pp$103M
Software - Infrastructure5.4%-0.0pp$96M
Consumer Electronics5.0%+0.9pp$89M
Banks - Diversified4.3%+0.4pp$77M
Oil & Gas Integrated4.0%+0.5pp$72M
Financial - Capital Markets2.5%+1.6pp$45M
Auto - Manufacturers2.4%+0.8pp$43M
REIT - Specialty2.3%-1.3pp$41M
Asset Management2.2%+1.1pp$40M
Country
US94.2%+1.0pp
Unknown1.2%+0.4pp
IE1.1%-0.1pp
GB0.9%-0.6pp
BM0.7%-0.3pp
CA0.6%-0.3pp
PA0.5%
CH0.2%+0.0pp
Top 5: 18.8% · Top 10: 27.0% · Top 25: 42.2%
Top buys this quarter · 15
| MS Morgan Stanley | +$13M |
| T AT&T Inc. | +$6M |
| DXCM DexCom, Inc. | +$5M |
| AES The AES Corporation | +$5M |
| GOOG Alphabet Inc. | +$5M |
| NFLX Netflix, Inc. | +$4M |
| AEP American Electric Power Compan | +$4M |
| NVDA NVIDIA Corporation | +$97M |
| CVX Chevron Corporation | +$4M |
| AAPL Apple Inc. | +$89M |
Top sells this quarter · 15
| CMI Cummins Inc. | −$6M |
| BKU BankUnited, Inc. | −$5M |
| FHN First Horizon Corporation | −$4M |
| BPOP Popular, Inc.exit | −$4M |
| IESC IES Holdings, Inc.exit | −$4M |
| MU Micron Technology, Inc. | −$4M |
| AXP American Express Company | −$3M |
| PAAS Pan American Silver Corp.exit | −$3M |
| COF Capital One Financial Corporat | −$3M |
| JLL Jones Lang LaSalle Incorporate | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.77B | 397 | +19.54% | +17.59% | +1.95% | +0.04B |
| 2025-12-31 | $1.76B | 397 | +17.23% | +17.72% | -0.49% | -0.02B |
| 2025-09-30 | $1.75B | 378 | +15.36% | +17.52% | -2.15% | -0.04B |
| 2025-06-30 | $1.65B | 368 | +15.77% | +14.94% | +0.83% | +0.05B |
| 2025-03-31 | $1.45B | 361 | +5.38% | +8.30% | -2.93% | -0.01B |
| 2024-12-31 | $1.52B | 380 | +18.88% | +24.89% | -6.00% | -0.01B |
| 2024-09-30 | $1.51B | 392 | +32.66% | +36.04% | -3.38% | -0.15B |
| 2024-06-30 | $1.53B | 403 | +17.58% | +24.49% | -6.91% | +0.15B |
| 2024-03-31 | $1.38B | 366 | +27.01% | +29.62% | -2.61% | -0.31B |
| 2023-12-31 | $1.55B | 372 | +24.71% | +26.18% | -1.46% | +0.33B |
| 2023-09-30 | $1.09B | 374 | +19.90% | +21.57% | -1.66% | +0.02B |
| 2023-06-30 | $1.11B | 372 | +20.17% | +19.42% | +0.75% | +0.02B |
| 2023-03-31 | $1.02B | 361 | -6.71% | -7.82% | +1.11% | -0.01B |
| 2022-12-31 | $964M | 344 | +7.93% | +7.56% | +0.37% | -0.09B |
| 2022-09-30 | $980M | 314 | -3.57% | -4.93% | +1.35% | +0.01B |
| 2022-06-30 | $1.00B | 318 | -16.06% | -16.11% | +0.05% | +0.02B |