Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.02%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.96%
steady accumulation
Rally response
-3.30%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ICEIntercontinental Exchang | $113M | 5.6% | -7.8% | 7.5 yr |
| NEENextEra Energy, Inc. | $102M | 5.0% | +34.9% | 7.5 yr |
| RMDResMed Inc. | $98M | 4.8% | +1.2% | 9.5 yr |
| — | $94M | 4.6% | — | 1.8 yr |
| JKHYJack Henry & Associates, | $90M | 4.4% | -12.2% | 4.5 yr |
| — | $88M | 4.3% | — | 3.8 yr |
| MSFTMicrosoft Corporation | $86M | 4.2% | -0.6% | 9.5 yr |
| APHAmphenol Corporation | $86M | 4.2% | +93.6% | 4.0 yr |
| — | $80M | 3.9% | — | 1.5 yr |
| BROBrown & Brown, Inc. | $77M | 3.8% | -47.2% | 9.5 yr |
| SYKStryker Corporation | $76M | 3.7% | -11.1% | 9.5 yr |
| ROPRoper Technologies, Inc. | $75M | 3.7% | -39.7% | 4.0 yr |
| — | $74M | 3.6% | — | 3.5 yr |
| CHDChurch & Dwight Co., Inc | $69M | 3.4% | -14.1% | 4.0 yr |
| ABTAbbott Laboratories | $65M | 3.2% | -21.1% | 9.5 yr |
Portfolio composition (YoY)
Industry mix
Unknown23.1%+6.5pp$471M
Medical - Devices11.7%-0.3pp$239M
Software - Application6.9%+4.5pp$141M
Financial - Data & Stock Exchanges6.3%-8.8pp$129M
Information Technology Services5.9%-1.6pp$121M
Household & Personal Products5.6%+3.6pp$113M
Financial - Credit Services5.5%-2.8pp$112M
Regulated Electric5.1%+1.7pp$103M
Waste Management4.8%+0.5pp$97M
Software - Infrastructure4.6%+1.2pp$94M
Country
US74.3%-3.5pp
Unknown23.1%+6.5pp
CA2.6%+0.2pp
IE0.0%-3.1pp
CH0.0%
Top 5: 24.4% · Top 10: 44.9% · Top 25: 87.1%
Top buys this quarter · 15
| PG The Procter & Gamble Company | +$44M |
| MCD McDonald's Corporation | +$27M |
| NDAQ Nasdaq, Inc.new | +$14M |
| BR Broadridge Financial Solutions | +$30M |
| MSFT Microsoft Corporation | +$86M |
| T AT&T Inc.new | +$0M |
| AEP American Electric Power Compannew | +$0M |
| MO Altria Group, Inc. | +$0M |
| NVS Novartis AGnew | +$0M |
| PM Philip Morris International In | +$0M |
Top sells this quarter · 15
| ACN Accenture plc | −$75M |
| V Visa Inc. | −$71M |
| MA Mastercard Incorporated | −$42M |
| ABT Abbott Laboratories | −$37M |
| APH Amphenol Corporation | −$34M |
| ADP Automatic Data Processing, Inc | −$34M |
| JNJ Johnson & Johnson | −$22M |
| NEE NextEra Energy, Inc. | −$18M |
| ICE Intercontinental Exchange, Inc | −$15M |
| RMD ResMed Inc. | −$14M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.04B | 83 | -9.64% | +17.59% | -27.24% | -0.38B |
| 2025-12-31 | $2.69B | 82 | +6.87% | +17.72% | -10.84% | -0.23B |
| 2025-09-30 | $2.93B | 80 | +5.05% | +17.52% | -12.47% | +0.14B |
| 2025-06-30 | $2.86B | 69 | +19.03% | +14.94% | +4.09% | -0.11B |
| 2025-03-31 | $2.87B | 70 | +10.92% | +8.30% | +2.62% | +0.06B |
| 2024-12-31 | $2.64B | 84 | +9.96% | +24.89% | -14.93% | +0.06B |
| 2024-09-30 | $2.64B | 86 | +23.59% | +36.04% | -12.44% | -0.14B |
| 2024-06-30 | $2.51B | 81 | +5.70% | +24.49% | -18.80% | +0.02B |
| 2024-03-31 | $2.58B | 88 | +11.54% | +29.62% | -18.08% | -0.05B |
| 2023-12-31 | $2.50B | 81 | +7.91% | +26.18% | -18.27% | -0.10B |
| 2023-09-30 | $2.37B | 81 | +8.00% | +21.57% | -13.57% | +0.21B |
| 2023-06-30 | $2.28B | 75 | +10.77% | +19.42% | -8.65% | +0.16B |
| 2023-03-31 | $2.09B | 78 | -2.53% | -7.82% | +5.29% | +0.11B |
| 2022-12-31 | $1.94B | 87 | -8.87% | -18.17% | +9.31% | +0.00B |
| 2022-09-30 | $1.76B | 81 | -8.02% | -15.51% | +7.49% | +0.11B |
| 2022-06-30 | $1.70B | 76 | -4.65% | -10.62% | +5.97% | +0.24B |