Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.98%
adds when stocks drop
when a holding falls −10%+
Middle response
+6.16%
steady accumulation
Rally response
-0.43%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $630M | 9.0% | — | 6.8 yr |
| USFRWisdomTree Floating Rate | $500M | 7.2% | — | 4.0 yr |
| AVGOBroadcom Inc. | $235M | 3.4% | +86.0% | 6.8 yr |
| AAPLApple Inc. | $181M | 2.6% | +14.7% | 7.3 yr |
| VEAVanguard FTSE Developed | $163M | 2.3% | — | 5.8 yr |
| OLLIOllie's Bargain Outlet H | $147M | 2.1% | -20.9% | 4.3 yr |
| NVDANVIDIA Corporation | $146M | 2.1% | +60.9% | 7.3 yr |
| RSPInvesco S&P 500 Equal We | $139M | 2.0% | — | 6.5 yr |
| GOOGLAlphabet Inc. | $134M | 1.9% | — | 8.5 yr |
| GOOGAlphabet Inc. | $115M | 1.6% | +84.3% | 8.5 yr |
| MSFTMicrosoft Corporation | $108M | 1.5% | -0.6% | 7.0 yr |
| VWOVanguard FTSE Emerging M | $101M | 1.5% | — | 7.0 yr |
| DLODLocal Limited | $100M | 1.4% | +63.1% | 4.5 yr |
| APHAmphenol Corporation | $91M | 1.3% | +93.6% | 4.8 yr |
| AMZNAmazon.com, Inc. | $77M | 1.1% | +9.5% | 7.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management36.7%-29.6pp$2.56B
Semiconductors7.3%+1.9pp$508M
Software - Infrastructure5.2%+2.4pp$360M
Internet Content & Information4.9%+1.4pp$342M
Discount Stores2.9%+2.5pp$204M
Consumer Electronics2.6%$183M
Hardware, Equipment & Parts2.0%+1.9pp$141M
Specialty Retail1.7%+1.3pp$121M
Software - Application1.7%-0.5pp$119M
Drug Manufacturers - General1.6%+1.0pp$110M
Country
US95.2%-0.8pp
UY1.4%+1.2pp
IE0.9%-1.0pp
GB0.6%+0.4pp
Unknown0.4%+0.3pp
CH0.2%+0.1pp
NL0.2%+0.1pp
BM0.2%-0.1pp
Top 5: 24.5% · Top 10: 34.3% · Top 25: 49.3%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| AVGO | $116M | +0.10B | 86.0% |
| GOOG | $38M | +0.03B | 84.3% |
| NVDA | $45M | +0.03B | 60.9% |
| PLTR | $30M | +0.02B | 73.3% |
| SPY | $48M | +0.01B | 17.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| META | $23M | -0.00B | -0.4% |
Top buys this quarter · 15
| OLLI Ollie's Bargain Outlet Holding | +$145M |
| DLO DLocal Limited | +$87M |
| EXPD Expeditors International of Wa | +$68M |
| NVDA NVIDIA Corporation | +$43M |
| GOOG Alphabet Inc. | +$38M |
| AAPL Apple Inc. | +$33M |
| SGU Star Group, L.P.new | +$25M |
| META Meta Platforms, Inc. | +$19M |
| AMZN Amazon.com, Inc. | +$19M |
| MSFT Microsoft Corporation | +$108M |
Top sells this quarter · 15
| ALC Alcon Inc. | −$15M |
| CCJ Cameco Corporation | −$5M |
| PAA Plains All American Pipeline, | −$4M |
| OKTA Okta, Inc. | −$3M |
| PSTL Postal Realty Trust, Inc.exit | −$3M |
| ERIE Erie Indemnity Company | −$3M |
| ARW Arrow Electronics, Inc. | −$3M |
| SPG Simon Property Group, Inc. | −$2M |
| MASI Masimo Corporation | −$2M |
| IPGP IPG Photonics Corporation | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $6.97B | 1436 | +21.86% | +17.59% | +4.27% | +1.45B |
| 2025-12-31 | $5.78B | 1298 | +16.66% | +17.72% | -1.06% | -1.58B |
| 2025-09-30 | $7.23B | 1324 | +23.99% | +17.52% | +6.47% | +0.89B |
| 2025-06-30 | $5.83B | 1114 | +19.34% | +14.94% | +4.39% | +2.34B |
| 2025-03-31 | $3.03B | 423 | +4.01% | +8.30% | -4.29% | +0.55B |
| 2024-12-31 | $2.71B | 390 | +23.12% | +24.89% | -1.77% | -1.65B |
| 2024-09-30 | $4.03B | 719 | +30.55% | +36.04% | -5.48% | +0.05B |
| 2024-06-30 | $3.80B | 616 | +23.54% | +24.49% | -0.95% | +0.03B |
| 2024-03-31 | $3.76B | 613 | +35.45% | +29.62% | +5.82% | +0.49B |
| 2023-12-31 | $3.02B | 559 | +40.61% | +26.18% | +14.43% | -0.10B |
| 2023-09-30 | $2.72B | 548 | +19.47% | +21.57% | -2.10% | +0.09B |
| 2023-06-30 | $2.65B | 542 | +13.63% | +19.42% | -5.80% | -0.08B |
| 2023-03-31 | $2.48B | 393 | -21.34% | -7.82% | -13.52% | -0.05B |
| 2022-12-31 | $2.25B | 403 | -33.21% | -18.17% | -15.03% | +0.45B |
| 2022-09-30 | $1.85B | 377 | -23.89% | -15.51% | -8.39% | +0.32B |
| 2022-06-30 | $1.62B | 385 | -18.86% | -10.62% | -8.24% | +0.68B |