Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.90%
adds when stocks drop
when a holding falls −10%+
Middle response
+8.52%
steady accumulation
Rally response
+3.57%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BRK-BBerkshire Hathaway Inc. | $29M | 9.1% | — | 0.5 yr |
| BRK-ABerkshire Hathaway Inc. | $14M | 4.3% | — | 0.5 yr |
| AAPLApple Inc. | $12M | 3.8% | — | 0.5 yr |
| NVDANVIDIA Corporation | $12M | 3.7% | — | 0.5 yr |
| MSFTMicrosoft Corporation | $10M | 3.1% | — | 0.5 yr |
| GSThe Goldman Sachs Group, | $8M | 2.6% | — | 0.5 yr |
| GOOGLAlphabet Inc. | $8M | 2.5% | — | 0.5 yr |
| JPMJPMorgan Chase & Co. | $7M | 2.2% | — | 0.5 yr |
| PEPPepsiCo, Inc. | $7M | 2.1% | — | 0.5 yr |
| COSTCostco Wholesale Corpora | $6M | 2.0% | — | 0.5 yr |
| ITWIllinois Tool Works Inc. | $6M | 1.9% | — | 0.5 yr |
| AMZNAmazon.com, Inc. | $6M | 1.8% | — | 0.5 yr |
| AXPAmerican Express Company | $5M | 1.7% | — | 0.5 yr |
| AVGOBroadcom Inc. | $4M | 1.2% | — | 0.5 yr |
| HSYThe Hershey Company | $4M | 1.2% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Insurance - Diversified13.4%$43M
Semiconductors8.1%$26M
Internet Content & Information4.4%$14M
Drug Manufacturers - General4.1%$13M
Software - Infrastructure4.1%$13M
Consumer Electronics3.8%$12M
Financial - Capital Markets3.3%$10M
Industrial - Machinery2.9%$9M
Oil & Gas Exploration & Production2.8%$9M
Financial - Credit Services2.7%$8M
Country
US97.4%
BM0.8%
IE0.5%
GB0.5%
Unknown0.2%
CH0.2%
CA0.1%
DE0.1%
Top 5: 23.9% · Top 10: 35.3% · Top 25: 51.2%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$1M |
| AAPL Apple Inc. | +$1M |
| QCOM QUALCOMM Incorporated | +$1M |
| CL Colgate-Palmolive Company | +$1M |
| LNG Cheniere Energy, Inc. | +$1M |
| SM SM Energy Companynew | +$1M |
| ORLY O'Reilly Automotive, Inc. | +$1M |
| AON Aon plcnew | +$1M |
| AZN AstraZeneca PLCnew | +$1M |
| ULTA Ulta Beauty, Inc.new | +$1M |
Top sells this quarter · 15
| COST Costco Wholesale Corporation | −$1M |
| LNC Lincoln National Corporation | −$1M |
| ARWR Arrowhead Pharmaceuticals, Incexit | −$1M |
| HIG The Hartford Financial Serviceexit | −$0M |
| JPM JPMorgan Chase & Co. | −$0M |
| META Meta Platforms, Inc. | −$0M |
| AXTA Axalta Coating Systems Ltd.exit | −$0M |
| DXC DXC Technology Company | −$0M |
| ADV Advantage Solutions Inc.exit | −$0M |
| KRC Kilroy Realty Corporationexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $319M | 337 | -1.59% | -4.37% | +2.78% | +0.04B |
| 2025-12-31 | $282M | 264 | — | — | — | — |