Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+10.69%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.55%
steady accumulation
Rally response
+0.12%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGAlphabet Inc. | $53M | 5.7% | +84.3% | 5.3 yr |
| IBOCInternational Bancshares | $51M | 5.5% | +8.9% | 6.0 yr |
| AMZNAmazon.com, Inc. | $50M | 5.4% | +9.5% | 6.0 yr |
| METAMeta Platforms, Inc. | $42M | 4.5% | -0.4% | 5.3 yr |
| MSFTMicrosoft Corporation | $40M | 4.3% | -0.6% | 6.0 yr |
| AAPLApple Inc. | $35M | 3.7% | +14.7% | 6.0 yr |
| MELIMercadoLibre, Inc. | $35M | 3.7% | -11.4% | 4.5 yr |
| ASMLASML Holding N.V. | $32M | 3.4% | +100.9% | 5.3 yr |
| XOMExxon Mobil Corporation | $31M | 3.3% | +47.6% | 5.0 yr |
| FCXFreeport-McMoRan Inc. | $30M | 3.2% | +57.4% | 5.0 yr |
| AMGNAmgen Inc. | $29M | 3.2% | +16.5% | 2.3 yr |
| REGNRegeneron Pharmaceutical | $27M | 2.9% | +22.5% | 6.0 yr |
| SNPSSynopsys, Inc. | $27M | 2.9% | -7.5% | 6.0 yr |
| RTXRTX Corporation | $26M | 2.8% | +48.1% | 5.8 yr |
| VVisa Inc. | $25M | 2.7% | -13.1% | 2.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management18.3%+2.5pp$170M
Internet Content & Information12.4%+3.4pp$116M
Specialty Retail11.5%+0.5pp$108M
Semiconductors8.3%-1.2pp$78M
Software - Infrastructure7.4%-0.2pp$69M
Banks - Regional5.5%-0.7pp$51M
Aerospace & Defense4.9%-0.4pp$45M
Consumer Electronics3.7%-0.6pp$35M
Oil & Gas Integrated3.3%+0.7pp$31M
Drug Manufacturers - General3.2%-2.3pp$30M
Country
US88.3%-2.5pp
UY3.7%+0.3pp
NL3.4%+0.4pp
CN2.5%-0.1pp
LU2.0%
TW0.1%
GB0.0%-0.0pp
IL0.0%
Top 5: 25.3% · Top 10: 42.7% · Top 25: 78.6%
Top buys this quarter · 15
| SPOT Spotify Technology S.A.new | +$19M |
| NEM Newmont Corporation | +$18M |
| MELI MercadoLibre, Inc. | +$12M |
| MSFT Microsoft Corporation | +$40M |
| AMZN Amazon.com, Inc. | +$6M |
| META Meta Platforms, Inc. | +$42M |
| V Visa Inc. | +$4M |
| SNPS Synopsys, Inc. | +$27M |
| VST Vistra Corp. | +$3M |
| QCOM QUALCOMM Incorporated | +$22M |
Top sells this quarter · 15
| ASML ASML Holding N.V. | −$14M |
| GOOG Alphabet Inc. | −$14M |
| PYPL PayPal Holdings, Inc.exit | −$9M |
| LMT Lockheed Martin Corporation | −$6M |
| RTX RTX Corporation | −$6M |
| REGN Regeneron Pharmaceuticals, Inc | −$4M |
| TSLA Tesla, Inc. | −$2M |
| ORCL Oracle Corporationexit | −$0M |
| MSTR Strategy Incexit | −$0M |
| C Citigroup Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $932M | 80 | +20.84% | +17.59% | +3.25% | +0.02B |
| 2025-12-31 | $945M | 83 | +19.73% | +17.72% | +2.01% | +0.04B |
| 2025-09-30 | $878M | 80 | +16.67% | +17.52% | -0.85% | -0.02B |
| 2025-06-30 | $823M | 73 | +11.48% | +14.94% | -3.46% | +0.01B |
| 2025-03-31 | $737M | 72 | +2.86% | +8.30% | -5.44% | +0.04B |
| 2024-12-31 | $724M | 69 | +17.03% | +24.89% | -7.86% | +0.01B |
| 2024-09-30 | $711M | 70 | +34.77% | +36.04% | -1.27% | +0.06B |
| 2024-06-30 | $617M | 68 | +23.14% | +24.49% | -1.35% | +0.01B |
| 2024-03-31 | $591M | 68 | +29.62% | +29.62% | -0.01% | +0.04B |
| 2023-12-31 | $509M | 61 | +35.77% | +26.18% | +9.59% | +0.03B |
| 2023-09-30 | $414M | 63 | +20.08% | +21.57% | -1.49% | +0.02B |
| 2023-06-30 | $407M | 61 | +20.84% | +19.42% | +1.42% | +0.03B |
| 2023-03-31 | $348M | 60 | -8.15% | -7.82% | -0.34% | -0.01B |
| 2022-12-31 | $315M | 55 | +2.08% | +7.56% | -5.48% | -0.00B |
| 2022-09-30 | $313M | 52 | -3.61% | -4.93% | +1.32% | +0.02B |
| 2022-06-30 | $305M | 54 | -18.08% | -16.11% | -1.97% | +0.01B |