Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.27%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.05%
baseline attrition
Rally response
+3.34%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $5.12B | 5.5% | +60.9% | 9.5 yr |
| AAPLApple Inc. | $3.97B | 4.3% | +14.7% | 8.3 yr |
| MSFTMicrosoft Corporation | $3.39B | 3.6% | -0.6% | 9.5 yr |
| AMZNAmazon.com, Inc. | $2.23B | 2.4% | +9.5% | 9.5 yr |
| GOOGLAlphabet Inc. | $2.07B | 2.2% | — | 9.5 yr |
| GOOGAlphabet Inc. | $1.88B | 2.0% | +84.3% | 9.5 yr |
| METAMeta Platforms, Inc. | $1.54B | 1.7% | -0.4% | 9.5 yr |
| AVGOBroadcom Inc. | $1.50B | 1.6% | +86.0% | 8.0 yr |
| TSMTaiwan Semiconductor Man | $1.27B | 1.4% | +105.6% | 9.5 yr |
| MAMastercard Incorporated | $969M | 1.0% | -8.5% | 9.5 yr |
| TSLATesla, Inc. | $816M | 0.9% | +43.4% | 9.5 yr |
| LLYEli Lilly and Company | $720M | 0.8% | +12.2% | 9.5 yr |
| JNJJohnson & Johnson | $659M | 0.7% | +51.5% | 9.5 yr |
| JPMJPMorgan Chase & Co. | $654M | 0.7% | +21.8% | 9.5 yr |
| VVisa Inc. | $582M | 0.6% | -13.1% | 9.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors12.0%+5.1pp$11.20B
Internet Content & Information6.3%+0.9pp$5.86B
Software - Infrastructure5.2%-0.9pp$4.88B
Consumer Electronics4.3%+0.4pp$3.99B
Specialty Retail3.8%-0.6pp$3.51B
Drug Manufacturers - General3.5%+0.4pp$3.27B
Banks - Diversified3.0%+0.4pp$2.83B
Software - Application2.8%-0.9pp$2.59B
Financial - Credit Services2.5%-0.6pp$2.33B
Regulated Electric2.3%+0.2pp$2.16B
Country
US87.2%-0.4pp
CA2.6%+0.5pp
GB1.5%+0.4pp
IE1.5%-0.3pp
TW1.4%+0.3pp
Unknown1.3%+0.0pp
SG0.7%+0.1pp
CH0.6%-0.1pp
Top 5: 18.0% · Top 10: 25.7% · Top 25: 34.3%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$701M |
| AZN AstraZeneca PLCnew | +$395M |
| AAPL Apple Inc. | +$364M |
| MSFT Microsoft Corporation | +$3.39B |
| AMZN Amazon.com, Inc. | +$2.23B |
| GOOG Alphabet Inc. | +$177M |
| AVGO Broadcom Inc. | +$172M |
| PBR Petróleo Brasileiro S.A. - Pe | +$137M |
| LLY Eli Lilly and Company | +$113M |
| PEP PepsiCo, Inc. | +$84M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $93.03B | 4212 | +15.52% | +17.59% | -2.07% | +4.45B |
| 2025-12-31 | $91.79B | 4161 | +15.79% | +17.72% | -1.93% | +2.14B |
| 2025-09-30 | $88.07B | 4120 | +14.04% | +17.52% | -3.48% | +3.99B |
| 2025-06-30 | $78.44B | 3821 | +14.45% | +14.94% | -0.49% | -1.36B |
| 2025-03-31 | $72.73B | 3769 | +4.88% | +8.30% | -3.42% | +2.73B |
| 2024-12-31 | $72.37B | 3683 | +16.87% | +24.89% | -8.01% | +3.17B |
| 2024-09-30 | $69.03B | 3673 | +30.81% | +36.04% | -5.22% | +2.29B |
| 2024-06-30 | $62.04B | 3567 | +17.59% | +24.49% | -6.90% | -1.67B |
| 2024-03-31 | $63.36B | 3296 | +24.18% | +29.62% | -5.44% | +2.82B |
| 2023-12-31 | $56.16B | 3192 | +21.59% | +26.18% | -4.59% | -0.47B |
| 2023-09-30 | $50.47B | 3499 | +16.99% | +21.57% | -4.58% | +0.38B |
| 2023-06-30 | $51.80B | 3431 | +14.11% | +19.42% | -5.31% | -2.30B |
| 2023-03-31 | $50.94B | 3272 | -8.54% | -7.82% | -0.73% | -0.26B |
| 2022-12-31 | $48.53B | 2872 | +7.97% | +7.56% | +0.41% | -0.55B |
| 2022-09-30 | $45.45B | 2881 | -5.68% | -4.93% | -0.76% | -0.73B |
| 2022-06-30 | $48.97B | 2858 | -14.89% | -16.11% | +1.22% | +0.06B |