Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+14.91%
adds when stocks drop
when a holding falls −10%+
Middle response
+10.13%
steady accumulation
Rally response
+7.04%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CBChubb Limited | $133M | 1.6% | +9.3% | 5.5 yr |
| NVDANVIDIA Corporation | $123M | 1.5% | +60.9% | 2.5 yr |
| MSFTMicrosoft Corporation | $111M | 1.3% | -0.6% | 3.5 yr |
| LRCXLam Research Corporation | $101M | 1.2% | +196.1% | 1.5 yr |
| AMATApplied Materials, Inc. | $101M | 1.2% | +137.6% | 2.5 yr |
| GOOGLAlphabet Inc. | $92M | 1.1% | — | 2.3 yr |
| JNJJohnson & Johnson | $89M | 1.1% | +51.5% | 5.5 yr |
| DOVDover Corporation | $87M | 1.0% | +20.0% | 5.5 yr |
| AAPLApple Inc. | $86M | 1.0% | +14.7% | 2.5 yr |
| XOMExxon Mobil Corporation | $86M | 1.0% | +47.6% | 5.5 yr |
| KLACKLA Corporation | $85M | 1.0% | +118.2% | 2.5 yr |
| ADPAutomatic Data Processin | $84M | 1.0% | -31.8% | 5.5 yr |
| CINFCincinnati Financial Cor | $84M | 1.0% | +8.3% | 5.5 yr |
| ABTAbbott Laboratories | $82M | 1.0% | -21.1% | 5.5 yr |
| CVXChevron Corporation | $79M | 0.9% | +29.2% | 5.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors7.5%+4.9pp$628M
Insurance - Property & Casualty5.3%+1.3pp$441M
Industrial - Machinery5.1%-0.4pp$425M
Chemicals - Specialty4.2%-0.8pp$351M
Household & Personal Products3.9%-1.6pp$324M
Asset Management3.2%-0.5pp$270M
Financial - Credit Services2.8%+0.5pp$230M
Banks - Diversified2.7%+1.0pp$229M
Banks - Regional2.4%+0.6pp$202M
Internet Content & Information2.3%+0.9pp$189M
Country
US94.1%+1.0pp
CH1.6%-0.2pp
GB1.5%-0.3pp
IE1.3%-0.3pp
Unknown0.8%-0.1pp
BM0.2%-0.5pp
CA0.2%+0.1pp
TW0.1%+0.1pp
Top 5: 6.8% · Top 10: 12.1% · Top 25: 25.7%
Top buys this quarter · 15
| GEV GE Vernova Inc. | +$21M |
| EXPE Expedia Group, Inc. | +$20M |
| CINF Cincinnati Financial Corporati | +$19M |
| MSFT Microsoft Corporation | +$111M |
| ALL The Allstate Corporation | +$18M |
| VLTO Veralto Corporation | +$18M |
| RF Regions Financial Corporation | +$18M |
| INGR Ingredion Incorporated | +$17M |
| BAC Bank of America Corporation | +$17M |
| AMP Ameriprise Financial, Inc. | +$17M |
Top sells this quarter · 15
| ALB Albemarle Corporation | −$45M |
| EA Electronic Arts Inc. | −$17M |
| CHRW C.H. Robinson Worldwide, Inc. | −$16M |
| LRCX Lam Research Corporation | −$94M |
| MPWR Monolithic Power Systems, Inc. | −$16M |
| CAH Cardinal Health, Inc. | −$15M |
| PAYC Paycom Software, Inc. | −$15M |
| EXPD Expeditors International of Wa | −$14M |
| EBAY eBay Inc. | −$14M |
| DHI D.R. Horton, Inc.exit | −$13M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $8.33B | 414 | +10.88% | +17.59% | -6.71% | +0.43B |
| 2025-12-31 | $7.88B | 417 | +12.12% | +17.72% | -5.60% | +0.05B |
| 2025-09-30 | $7.66B | 414 | +5.29% | +17.52% | -12.23% | +0.22B |
| 2025-06-30 | $7.06B | 401 | +11.13% | +14.94% | -3.81% | +0.44B |
| 2025-03-31 | $6.44B | 399 | +3.85% | +8.30% | -4.45% | +0.72B |
| 2024-12-31 | $5.65B | 278 | +11.03% | +24.89% | -13.85% | +0.67B |
| 2024-09-30 | $5.18B | 273 | +25.99% | +36.04% | -10.05% | +0.55B |
| 2024-06-30 | $4.17B | 254 | +8.44% | +24.49% | -16.06% | +0.55B |
| 2024-03-31 | $3.77B | 261 | +18.10% | +29.62% | -11.53% | +0.87B |
| 2023-12-31 | $2.68B | 203 | +11.51% | +26.18% | -14.66% | +0.69B |
| 2023-09-30 | $1.83B | 116 | +15.49% | +21.57% | -6.08% | +0.80B |
| 2023-06-30 | $1.07B | 114 | +14.10% | +19.42% | -5.32% | +0.31B |
| 2023-03-31 | $735M | 110 | -2.13% | -7.82% | +5.68% | +0.09B |
| 2022-12-31 | $630M | 108 | +12.94% | +7.56% | +5.38% | +0.03B |
| 2022-09-30 | $528M | 64 | -5.50% | -4.93% | -0.57% | +0.01B |
| 2022-06-30 | $550M | 64 | -10.25% | -16.11% | +5.86% | +0.06B |