Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-10.06%
trims when stocks drop
when a holding falls −10%+
Middle response
+6.11%
steady accumulation
Rally response
+4.90%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $663M | 3.4% | +60.9% | 9.3 yr |
| AAPLApple Inc. | $624M | 3.2% | +14.7% | 9.5 yr |
| IVViShares Core S&P 500 ETF | $459M | 2.3% | — | 9.3 yr |
| GOOGLAlphabet Inc. | $450M | 2.3% | — | 9.5 yr |
| AMZNAmazon.com, Inc. | $418M | 2.1% | +9.5% | 9.5 yr |
| MSFTMicrosoft Corporation | $395M | 2.0% | -0.6% | 9.5 yr |
| METAMeta Platforms, Inc. | $385M | 2.0% | -0.4% | 9.5 yr |
| AGGiShares Core U.S. Aggreg | $372M | 1.9% | — | 9.5 yr |
| IEMGiShares Core MSCI Emergi | $315M | 1.6% | — | 9.5 yr |
| JPMJPMorgan Chase & Co. | $293M | 1.5% | +21.8% | 9.5 yr |
| GLDSPDR Gold Shares | $269M | 1.4% | — | 9.5 yr |
| VOOVanguard S&P 500 ETF | $268M | 1.4% | — | 9.5 yr |
| IEFAiShares Core MSCI EAFE E | $262M | 1.3% | — | 9.5 yr |
| AVGOBroadcom Inc. | $226M | 1.2% | +86.0% | 8.0 yr |
| SPYState Street SPDR S&P 50 | $215M | 1.1% | +17.6% | 9.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management45.1%+3.1pp$8.81B
Semiconductors6.3%+1.8pp$1.23B
Internet Content & Information5.2%+2.1pp$1.03B
Software - Infrastructure3.3%-0.5pp$648M
Consumer Electronics3.2%-1.0pp$625M
Specialty Retail2.8%+0.1pp$541M
Asset Management - Bonds2.4%-0.6pp$470M
Drug Manufacturers - General2.4%-0.2pp$465M
Banks - Diversified1.9%-0.1pp$372M
Discount Stores1.6%+0.2pp$309M
Country
US96.4%-0.1pp
IE0.9%-0.2pp
Unknown0.8%+0.3pp
CA0.3%-0.0pp
GB0.3%-0.1pp
CH0.3%-0.2pp
CN0.2%+0.2pp
NL0.2%+0.0pp
Top 5: 13.4% · Top 10: 22.4% · Top 25: 37.3%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$146M |
| MSFT Microsoft Corporation | +$395M |
| AAPL Apple Inc. | +$58M |
| AVGO Broadcom Inc. | +$53M |
| AMZN Amazon.com, Inc. | +$47M |
| SYK Stryker Corporation | +$24M |
| V Visa Inc. | +$23M |
| COST Costco Wholesale Corporation | +$22M |
| APA APA Corporation | +$21M |
| JNJ Johnson & Johnson | +$21M |
Top sells this quarter · 15
| KTOS Kratos Defense & Security Solu | −$17M |
| PLTR Palantir Technologies Inc. | −$17M |
| SPY State Street SPDR S&P 500 ETF | −$14M |
| AVAV AeroVironment, Inc. | −$11M |
| BAC Bank of America Corporation | −$11M |
| AAOI Applied Optoelectronics, Inc. | −$13M |
| AXON Axon Enterprise, Inc. | −$8M |
| CAT Caterpillar Inc. | −$59M |
| EHC Encompass Health Corporation | −$5M |
| NFLX Netflix, Inc. | −$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $19.55B | 4353 | +15.96% | +17.59% | -1.63% | +1.99B |
| 2025-12-31 | $18.19B | 4233 | +15.03% | +17.72% | -2.69% | +0.72B |
| 2025-09-30 | $17.40B | 4182 | +16.71% | +17.52% | -0.81% | +3.62B |
| 2025-06-30 | $12.77B | 4039 | +15.08% | +14.94% | +0.14% | +0.24B |
| 2025-03-31 | $11.31B | 3934 | +6.21% | +8.30% | -2.10% | +0.52B |
| 2024-12-31 | $11.27B | 3882 | +18.72% | +24.89% | -6.16% | +0.25B |
| 2024-09-30 | $10.82B | 3721 | +29.71% | +36.04% | -6.33% | +0.72B |
| 2024-06-30 | $9.49B | 3589 | +17.30% | +24.49% | -7.19% | +0.21B |
| 2024-03-31 | $9.06B | 3542 | +22.24% | +29.62% | -7.38% | +1.15B |
| 2023-12-31 | $7.39B | 3469 | +20.20% | +26.18% | -5.97% | +0.16B |
| 2023-09-30 | $6.50B | 3356 | +15.55% | +21.57% | -6.01% | +0.09B |
| 2023-06-30 | $6.67B | 3298 | +15.93% | +19.42% | -3.49% | +0.00B |
| 2023-03-31 | $6.25B | 3284 | -6.69% | -7.82% | +1.13% | +0.06B |
| 2022-12-31 | $5.87B | 3327 | -15.46% | -18.17% | +2.72% | +0.15B |
| 2022-09-30 | $5.35B | 3188 | -12.21% | -15.51% | +3.30% | +0.08B |
| 2022-06-30 | $5.45B | 3196 | -8.54% | -10.62% | +2.08% | -0.09B |