Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.47%
trims when stocks drop
when a holding falls −10%+
Middle response
-9.27%
baseline attrition
Rally response
-14.67%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $1.83B | 9.5% | +60.9% | 3.0 yr |
| AAPLApple Inc. | $1.53B | 8.0% | +14.7% | 4.0 yr |
| GOOGLAlphabet Inc. | $843M | 4.4% | — | 9.3 yr |
| AVGOBroadcom Inc. | $742M | 3.9% | +86.0% | 3.3 yr |
| MSFTMicrosoft Corporation | $636M | 3.3% | -0.6% | 9.5 yr |
| METAMeta Platforms, Inc. | $470M | 2.5% | -0.4% | 8.8 yr |
| TSLATesla, Inc. | $312M | 1.6% | +43.4% | 3.5 yr |
| COSTCostco Wholesale Corpora | $282M | 1.5% | +5.9% | 3.0 yr |
| AMZNAmazon.com, Inc. | $282M | 1.5% | +9.5% | 9.5 yr |
| HIGThe Hartford Financial S | $277M | 1.4% | +11.1% | 3.3 yr |
| ALLThe Allstate Corporation | $275M | 1.4% | +2.1% | 1.8 yr |
| TRVThe Travelers Companies, | $273M | 1.4% | +12.0% | 1.0 yr |
| LLYEli Lilly and Company | $255M | 1.3% | +12.2% | 2.5 yr |
| HWMHowmet Aerospace Inc. | $254M | 1.3% | +78.1% | 4.0 yr |
| MNSTMonster Beverage Corpora | $254M | 1.3% | +23.8% | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors16.5%+7.8pp$3.16B
Consumer Electronics8.0%+1.1pp$1.53B
Internet Content & Information7.8%+3.4pp$1.50B
Drug Manufacturers - General5.0%+1.6pp$955M
Insurance - Property & Casualty4.4%+0.7pp$851M
Software - Infrastructure4.2%-3.6pp$800M
Software - Application3.0%-1.1pp$580M
Financial - Credit Services2.9%-3.5pp$559M
Specialty Retail2.7%-4.7pp$514M
Auto - Manufacturers2.3%-0.0pp$444M
Country
US90.8%-2.1pp
CA4.0%+2.1pp
IE2.0%+1.4pp
TW0.8%+0.2pp
Unknown0.7%-1.2pp
IL0.6%-0.2pp
BM0.5%+0.4pp
CN0.2%+0.2pp
Top 5: 29.1% · Top 10: 37.5% · Top 25: 54.6%
Top buys this quarter · 15
| TSLA Tesla, Inc. | +$244M |
| COST Costco Wholesale Corporation | +$135M |
| PDD PDD Holdings Inc. | +$112M |
| EME EMCOR Group, Inc. | +$109M |
| AAPL Apple Inc. | +$106M |
| GOOG Alphabet Inc. | +$105M |
| LLY Eli Lilly and Company | +$102M |
| SNDK Sandisk Corporationnew | +$100M |
| BE Bloom Energy Corporationnew | +$98M |
| MS Morgan Stanley | +$93M |
Top sells this quarter · 15
| AMZN Amazon.com, Inc. | −$400M |
| NVDA NVIDIA Corporation | −$351M |
| MSFT Microsoft Corporation | −$349M |
| MA Mastercard Incorporated | −$244M |
| LRCX Lam Research Corporation | −$241M |
| AVGO Broadcom Inc. | −$225M |
| NFLX Netflix, Inc. | −$178M |
| META Meta Platforms, Inc. | −$174M |
| GILD Gilead Sciences, Inc. | −$158M |
| CAH Cardinal Health, Inc. | −$127M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $19.18B | 276 | +16.13% | +17.59% | -1.47% | -1.00B |
| 2025-12-31 | $21.51B | 272 | +17.97% | +17.72% | +0.25% | -0.82B |
| 2025-09-30 | $21.75B | 286 | +18.55% | +17.52% | +1.03% | +0.47B |
| 2025-06-30 | $19.75B | 263 | +16.01% | +14.94% | +1.07% | -0.04B |
| 2025-03-31 | $17.69B | 228 | +4.40% | +8.30% | -3.90% | -2.51B |
| 2024-12-31 | $21.20B | 215 | +23.30% | +24.89% | -1.59% | +0.49B |
| 2024-09-30 | $20.06B | 238 | +36.22% | +36.04% | +0.18% | +1.77B |
| 2024-06-30 | $17.35B | 236 | +26.28% | +24.49% | +1.79% | +0.15B |
| 2024-03-31 | $17.09B | 231 | +35.42% | +29.62% | +5.79% | -1.66B |
| 2023-12-31 | $16.65B | 241 | +33.83% | +26.18% | +7.65% | -0.94B |
| 2023-09-30 | $15.44B | 235 | +26.18% | +21.57% | +4.61% | +0.02B |
| 2023-06-30 | $15.77B | 263 | +21.05% | +19.42% | +1.63% | +0.11B |
| 2023-03-31 | $14.50B | 205 | -3.27% | -7.82% | +4.55% | -0.90B |
| 2022-12-31 | $13.85B | 158 | +7.48% | +7.56% | -0.09% | +0.15B |
| 2022-09-30 | $12.74B | 154 | -6.21% | -4.93% | -1.29% | -1.35B |
| 2022-06-30 | $15.03B | 174 | -13.73% | -16.11% | +2.38% | +0.24B |