Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.15%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.94%
baseline attrition
Rally response
-2.66%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGLAlphabet Inc. | $15M | 5.8% | — | 8.5 yr |
| AAPLApple Inc. | $13M | 5.2% | +14.7% | 8.3 yr |
| NVDANVIDIA Corporation | $13M | 5.1% | +60.9% | 4.8 yr |
| LLYEli Lilly and Company | $11M | 4.1% | +12.2% | 3.3 yr |
| MSFTMicrosoft Corporation | $10M | 4.0% | -0.6% | 8.3 yr |
| TJXThe TJX Companies, Inc. | $9M | 3.5% | +32.7% | 8.5 yr |
| ORCLOracle Corporation | $9M | 3.5% | +5.9% | 8.5 yr |
| VVisa Inc. | $6M | 2.4% | -13.1% | 8.5 yr |
| MUMicron Technology, Inc. | $6M | 2.3% | +289.6% | 2.0 yr |
| XOMExxon Mobil Corporation | $6M | 2.3% | +47.6% | 8.5 yr |
| AMGNAmgen Inc. | $6M | 2.1% | +16.5% | 8.5 yr |
| METAMeta Platforms, Inc. | $5M | 2.0% | -0.4% | 6.0 yr |
| — | $5M | 2.0% | — | 2.5 yr |
| TRVThe Travelers Companies, | $5M | 1.9% | +12.0% | 8.3 yr |
| HONHoneywell International | $5M | 1.7% | +9.0% | 6.0 yr |
Portfolio composition (YoY)
Industry mix
Drug Manufacturers - General9.7%+0.5pp$25M
Semiconductors9.1%+4.3pp$24M
Internet Content & Information8.4%+2.2pp$22M
Software - Infrastructure7.7%-0.0pp$20M
Consumer Electronics5.2%+0.5pp$13M
Financial - Credit Services4.9%-0.7pp$13M
Industrial - Machinery3.8%+0.5pp$10M
Oil & Gas Integrated3.5%+0.7pp$9M
Apparel - Retail3.5%+0.5pp$9M
Insurance - Property & Casualty3.1%+0.0pp$8M
Country
US92.4%+0.9pp
IE3.6%-0.4pp
Unknown2.3%+0.6pp
DK0.6%-1.0pp
BM0.5%-0.3pp
CH0.3%+0.0pp
CA0.1%+0.0pp
FR0.1%-0.0pp
Top 5: 24.2% · Top 10: 38.2% · Top 25: 63.0%
Top buys this quarter · 15
| AVGO Broadcom Inc. | +$3M |
| WM Waste Management, Inc. | +$0M |
| CB Chubb Limited | +$0M |
| RSG Republic Services, Inc. | +$0M |
| MPC Marathon Petroleum Corporationnew | +$0M |
| MA Mastercard Incorporated | +$4M |
| MU Micron Technology, Inc. | +$0M |
| QCOM QUALCOMM Incorporated | +$2M |
| ITW Illinois Tool Works Inc. | +$0M |
| MSFT Microsoft Corporation | +$10M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $260M | 197 | +6.23% | +17.59% | -11.36% | -0.01B |
| 2025-12-31 | $283M | 206 | +10.44% | +17.72% | -7.27% | +0.02B |
| 2025-09-30 | $265M | 186 | +9.69% | +17.52% | -7.83% | -0.01B |
| 2025-06-30 | $265M | 186 | +13.27% | +14.94% | -1.68% | -0.00B |
| 2025-03-31 | $248M | 175 | +5.00% | +8.30% | -3.30% | -0.02B |
| 2024-12-31 | $270M | 172 | +17.16% | +24.89% | -7.73% | +0.00B |
| 2024-09-30 | $270M | 191 | +29.44% | +36.04% | -6.60% | -0.00B |
| 2024-06-30 | $252M | 172 | +17.27% | +24.49% | -7.22% | +0.00B |
| 2024-03-31 | $250M | 172 | +26.76% | +29.62% | -2.86% | +0.00B |
| 2023-12-31 | $227M | 178 | +19.14% | +26.18% | -7.04% | -0.01B |
| 2023-09-30 | $214M | 190 | +20.59% | +21.57% | -0.97% | +0.00B |
| 2023-06-30 | $219M | 168 | +16.41% | +19.42% | -3.01% | +0.02B |
| 2023-03-31 | $185M | 172 | -3.42% | -7.82% | +4.40% | -0.02B |
| 2022-12-31 | $203M | 183 | +11.66% | +7.56% | +4.10% | -0.00B |
| 2022-09-30 | $183M | 171 | -5.70% | -4.93% | -0.77% | -0.00B |
| 2022-06-30 | $197M | 172 | -10.60% | -16.11% | +5.51% | -0.00B |