Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.99%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.36%
baseline attrition
Rally response
+0.05%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $608M | 16.1% | +60.9% | 9.0 yr |
| GOOGLAlphabet Inc. | $263M | 7.0% | — | 9.3 yr |
| METAMeta Platforms, Inc. | $173M | 4.6% | -0.4% | 8.8 yr |
| AVGOBroadcom Inc. | $169M | 4.5% | +86.0% | 6.5 yr |
| GOOGAlphabet Inc. | $166M | 4.4% | +84.3% | 9.0 yr |
| LRCXLam Research Corporation | $116M | 3.1% | +196.1% | 1.0 yr |
| JPMJPMorgan Chase & Co. | $111M | 2.9% | +21.8% | 9.3 yr |
| TTTrane Technologies plc | $84M | 2.2% | +24.8% | 6.0 yr |
| ABBVAbbVie Inc. | $80M | 2.1% | +7.3% | 8.8 yr |
| CSCOCisco Systems, Inc. | $76M | 2.0% | +28.1% | 9.3 yr |
| AZNAstraZeneca PLC | $64M | 1.7% | +36.2% | 0.3 yr |
| NFLXNetflix, Inc. | $64M | 1.7% | +3.1% | 9.0 yr |
| TAT&T Inc. | $62M | 1.6% | +5.9% | 9.0 yr |
| VZVerizon Communications I | $61M | 1.6% | +16.5% | 8.8 yr |
| GSThe Goldman Sachs Group, | $58M | 1.5% | +58.1% | 8.8 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors23.6%+13.4pp$893M
Internet Content & Information16.0%+9.9pp$606M
Drug Manufacturers - General4.3%-0.6pp$162M
Financial - Credit Services4.1%+1.6pp$154M
Telecommunications Services3.5%+1.4pp$134M
Software - Application3.5%-0.7pp$133M
Banks - Diversified2.9%+0.0pp$111M
Construction2.8%+0.2pp$106M
Software - Infrastructure2.8%-6.1pp$104M
Entertainment2.4%+1.1pp$91M
Country
US89.0%-5.1pp
IE5.6%+3.6pp
CA2.1%-0.4pp
GB2.1%+1.9pp
SG0.7%
CH0.4%+0.1pp
DE0.1%+0.1pp
Top 5: 36.5% · Top 10: 48.8% · Top 25: 67.8%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$65M |
| 0HQN.L Cboe Global Markets, Inc. | +$24M |
| DD DuPont de Nemours, Inc. | +$19M |
| VTR Ventas, Inc. | +$17M |
| STX Seagate Technology Holdings pl | +$16M |
| GOOG Alphabet Inc. | +$166M |
| HWM Howmet Aerospace Inc. | +$9M |
| PYPL PayPal Holdings, Inc. | +$8M |
| ADBE Adobe Inc. | +$30M |
| FOXA Fox Corporation | +$7M |
Top sells this quarter · 15
| LRCX Lam Research Corporation | −$32M |
| TROW T. Rowe Price Group, Inc.exit | −$25M |
| JPM JPMorgan Chase & Co. | −$16M |
| GPN Global Payments Inc.exit | −$12M |
| HPQ HP Inc. | −$10M |
| COST Costco Wholesale Corporation | −$9M |
| UNH UnitedHealth Group Incorporate | −$8M |
| VLO Valero Energy Corporation | −$27M |
| SPGI S&P Global Inc.exit | −$7M |
| WBD Warner Bros. Discovery, Inc.exit | −$7M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.79B | 108 | +16.62% | +17.59% | -0.97% | +0.06B |
| 2025-12-31 | $3.92B | 123 | +17.75% | +17.72% | +0.03% | -4.37B |
| 2025-09-30 | $8.05B | 296 | +16.16% | +17.52% | -1.35% | -0.26B |
| 2025-06-30 | $7.75B | 328 | +15.35% | +14.94% | +0.41% | +0.13B |
| 2025-03-31 | $6.87B | 355 | +5.60% | +8.30% | -2.70% | +1.02B |
| 2024-12-31 | $6.08B | 394 | +19.28% | +24.89% | -5.61% | -0.08B |
| 2024-09-30 | $6.06B | 403 | +32.31% | +36.04% | -3.73% | +0.12B |
| 2024-06-30 | $5.58B | 406 | +19.93% | +24.49% | -4.56% | +0.26B |
| 2024-03-31 | $5.24B | 421 | +26.17% | +29.62% | -3.45% | -0.01B |
| 2023-12-31 | $4.84B | 480 | +24.80% | +26.18% | -1.38% | -0.32B |
| 2023-09-30 | $4.58B | 486 | +18.43% | +21.57% | -3.13% | +0.01B |
| 2023-06-30 | $4.74B | 641 | +16.83% | +19.42% | -2.60% | +1.05B |
| 2023-03-31 | $3.45B | 630 | -6.61% | -7.82% | +1.21% | +0.25B |
| 2022-12-31 | $2.98B | 640 | +6.94% | +7.56% | -0.62% | -0.04B |
| 2022-09-30 | $2.83B | 647 | -4.81% | -4.93% | +0.12% | -0.12B |
| 2022-06-30 | $3.09B | 632 | -14.57% | -16.11% | +1.54% | -0.19B |