Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.50%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.07%
steady accumulation
Rally response
-1.78%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $137M | 4.9% | +60.9% | 8.3 yr |
| XOMExxon Mobil Corporation | $116M | 4.1% | +47.6% | 8.8 yr |
| AAPLApple Inc. | $107M | 3.8% | +14.7% | 9.0 yr |
| QQQInvesco QQQ Trust, Serie | $96M | 3.4% | — | 7.0 yr |
| AMZNAmazon.com, Inc. | $76M | 2.7% | +9.5% | 9.0 yr |
| SPYState Street SPDR S&P 50 | $66M | 2.3% | +17.6% | 9.0 yr |
| MSFTMicrosoft Corporation | $63M | 2.2% | -0.6% | 9.0 yr |
| GOOGLAlphabet Inc. | $58M | 2.1% | — | 8.8 yr |
| JPMJPMorgan Chase & Co. | $57M | 2.0% | +21.8% | 9.0 yr |
| AVGOBroadcom Inc. | $41M | 1.5% | +86.0% | 5.3 yr |
| METAMeta Platforms, Inc. | $38M | 1.3% | -0.4% | 9.0 yr |
| GLDSPDR Gold Shares | $37M | 1.3% | — | 7.8 yr |
| BRK-BBerkshire Hathaway Inc. | $37M | 1.3% | — | 8.8 yr |
| IVViShares Core S&P 500 ETF | $30M | 1.1% | — | 8.8 yr |
| VUGVanguard Growth ETF | $29M | 1.0% | — | 8.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management38.2%+0.5pp$1.07B
Semiconductors9.9%+3.5pp$277M
Asset Management - Bonds5.0%-0.5pp$141M
Oil & Gas Integrated4.8%-0.1pp$134M
Internet Content & Information4.6%+1.4pp$128M
Software - Infrastructure3.8%-0.2pp$108M
Consumer Electronics3.8%-0.4pp$108M
Specialty Retail3.0%-0.3pp$84M
Drug Manufacturers - General2.6%-0.1pp$72M
Banks - Diversified2.5%-0.2pp$70M
Country
US96.0%-0.9pp
TW1.0%+0.8pp
IE0.8%-0.0pp
CA0.8%+0.0pp
NL0.4%+0.3pp
Unknown0.3%-0.0pp
GB0.2%-0.1pp
AU0.1%+0.1pp
Top 5: 19.0% · Top 10: 29.1% · Top 25: 44.0%
Top buys this quarter · 15
| MU Micron Technology, Inc. | +$14M |
| TSM Taiwan Semiconductor Manufactu | +$5M |
| SPY State Street SPDR S&P 500 ETF | +$4M |
| AMD Advanced Micro Devices, Inc. | +$3M |
| BE Bloom Energy Corporation | +$3M |
| CNQ Canadian Natural Resources Limnew | +$2M |
| WMS Advanced Drainage Systems, Incnew | +$2M |
| ASML ASML Holding N.V. | +$2M |
| META Meta Platforms, Inc. | +$38M |
| AZN AstraZeneca PLCnew | +$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.81B | 758 | +23.28% | +17.59% | +5.68% | +0.08B |
| 2025-12-31 | $2.83B | 748 | +21.63% | +17.72% | +3.91% | +0.16B |
| 2025-09-30 | $2.60B | 703 | +22.36% | +17.52% | +4.84% | +0.03B |
| 2025-06-30 | $2.34B | 666 | +19.07% | +14.94% | +4.13% | +0.00B |
| 2025-03-31 | $2.06B | 617 | +13.05% | +8.30% | +4.74% | +0.06B |
| 2024-12-31 | $2.11B | 622 | +26.54% | +24.89% | +1.65% | +0.02B |
| 2024-09-30 | $2.03B | 624 | +35.47% | +36.04% | -0.57% | +1.13B |
| 2024-06-30 | $833M | 288 | +23.55% | +24.49% | -0.94% | +0.19B |
| 2024-03-31 | $601M | 199 | +23.12% | +29.62% | -6.51% | -1.05B |
| 2023-12-31 | $1.56B | 589 | +25.96% | +26.18% | -0.22% | -0.24B |
| 2023-09-30 | $1.63B | 539 | +23.09% | +21.57% | +1.53% | +0.47B |
| 2023-06-30 | $1.18B | 544 | +22.87% | +19.42% | +3.44% | -0.04B |
| 2023-03-31 | $1.14B | 544 | -1.46% | -7.82% | +6.36% | +0.04B |
| 2022-12-31 | $1.02B | 525 | -13.52% | -18.17% | +4.65% | +0.02B |
| 2022-09-30 | $924M | 490 | -10.99% | -15.51% | +4.52% | -0.26B |
| 2022-06-30 | $1.21B | 553 | -8.34% | -10.62% | +2.28% | +0.43B |