Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-13.31%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.72%
baseline attrition
Rally response
+0.53%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGLAlphabet Inc. | $365M | 9.9% | — | 9.3 yr |
| AMZNAmazon.com, Inc. | $335M | 9.1% | +9.5% | 9.0 yr |
| MSFTMicrosoft Corporation | $270M | 7.3% | -0.6% | 9.5 yr |
| LRCXLam Research Corporation | $204M | 5.5% | +196.1% | 0.8 yr |
| PFGCPerformance Food Group C | $173M | 4.7% | +8.9% | 3.0 yr |
| AVGOBroadcom Inc. | $168M | 4.6% | +86.0% | 7.8 yr |
| KLACKLA Corporation | $150M | 4.1% | +118.2% | 1.3 yr |
| EMEEMCOR Group, Inc. | $150M | 4.1% | +100.2% | 0.5 yr |
| APHAmphenol Corporation | $137M | 3.7% | +93.6% | 3.0 yr |
| COFCapital One Financial Co | $134M | 3.6% | +3.1% | 0.8 yr |
| AMPAmeriprise Financial, In | $123M | 3.3% | -7.0% | 5.5 yr |
| DTMDT Midstream, Inc. | $119M | 3.2% | +43.6% | 0.5 yr |
| ADIAnalog Devices, Inc. | $111M | 3.0% | +60.2% | 5.3 yr |
| GOOGAlphabet Inc. | $105M | 2.9% | +84.3% | 9.3 yr |
| NVRNVR, Inc. | $76M | 2.0% | -9.0% | 5.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors19.1%+17.0pp$704M
Internet Content & Information13.9%+6.1pp$514M
Specialty Retail9.3%+2.7pp$343M
Software - Infrastructure7.9%-0.4pp$293M
Financial - Credit Services5.5%+3.0pp$202M
Food Distribution4.7%+0.7pp$173M
Hardware, Equipment & Parts4.4%+4.4pp$164M
Engineering & Construction4.1%+4.1pp$150M
Asset Management3.8%-0.8pp$142M
Oil & Gas Midstream3.3%+3.3pp$122M
Country
US98.8%-1.1pp
CA0.9%+0.8pp
UY0.1%+0.1pp
GB0.1%+0.1pp
CN0.1%+0.0pp
Unknown0.0%+0.0pp
DK0.0%-0.0pp
DE0.0%
Top 5: 36.5% · Top 10: 56.5% · Top 25: 84.9%
Top buys this quarter · 15
| ADI Analog Devices, Inc. | +$111M |
| FCX Freeport-McMoRan Inc. | +$43M |
| CLS Celestica Inc.new | +$27M |
| META Meta Platforms, Inc. | +$25M |
| CAT Caterpillar Inc. | +$6M |
| AAPL Apple Inc. | +$4M |
| EOG EOG Resources, Inc. | +$4M |
| ENB Enbridge Inc.new | +$3M |
| XOM Exxon Mobil Corporation | +$3M |
| NVDA NVIDIA Corporation | +$66M |
Top sells this quarter · 15
| CACI CACI International Inc | −$165M |
| KKR KKR & Co. Inc. | −$90M |
| COF Capital One Financial Corporat | −$82M |
| MSFT Microsoft Corporation | −$58M |
| LRCX Lam Research Corporation | −$51M |
| AMP Ameriprise Financial, Inc. | −$43M |
| BX Blackstone Inc. | −$35M |
| AVGO Broadcom Inc. | −$29M |
| NDAQ Nasdaq, Inc. | −$26M |
| KLAC KLA Corporation | −$145M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.69B | 266 | +5.38% | +17.59% | -12.22% | -0.47B |
| 2025-12-31 | $4.51B | 266 | +9.66% | +17.72% | -8.06% | -0.00B |
| 2025-09-30 | $4.50B | 261 | +11.44% | +17.52% | -6.08% | +0.94B |
| 2025-06-30 | $3.42B | 246 | +13.15% | +14.94% | -1.79% | -0.39B |
| 2025-03-31 | $3.48B | 247 | +5.06% | +8.30% | -3.24% | +0.07B |
| 2024-12-31 | $3.55B | 241 | +20.66% | +24.89% | -4.22% | +0.23B |
| 2024-09-30 | $3.25B | 259 | +28.82% | +36.04% | -7.21% | +0.15B |
| 2024-06-30 | $2.94B | 256 | +21.33% | +24.49% | -3.16% | +0.16B |
| 2024-03-31 | $2.74B | 257 | +30.09% | +29.62% | +0.46% | +0.10B |
| 2023-12-31 | $2.39B | 242 | +28.29% | +26.18% | +2.11% | +0.28B |
| 2023-09-30 | $1.94B | 236 | +24.72% | +21.57% | +3.15% | -0.18B |
| 2023-06-30 | $2.13B | 248 | +14.32% | +19.42% | -5.11% | -0.07B |
| 2023-03-31 | $2.02B | 234 | -10.53% | -7.82% | -2.72% | -0.03B |
| 2022-12-31 | $1.88B | 195 | +5.85% | +7.56% | -1.71% | +0.01B |
| 2022-09-30 | $1.77B | 182 | -8.94% | -4.93% | -4.02% | -0.16B |
| 2022-06-30 | $2.11B | 187 | -14.67% | -16.11% | +1.44% | -0.28B |