Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.38%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.24%
steady accumulation
Rally response
-0.28%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $23M | 7.5% | — | 8.5 yr |
| AAPLApple Inc. | $18M | 5.8% | +14.7% | 8.5 yr |
| MSFTMicrosoft Corporation | $15M | 4.8% | -0.6% | 8.5 yr |
| ECLEcolab Inc. | $13M | 4.1% | +6.0% | 8.5 yr |
| HLTHilton Worldwide Holding | $12M | 4.0% | +33.9% | 7.8 yr |
| CGGRCapital Group Growth ETF | $12M | 3.9% | — | 0.8 yr |
| AMZNAmazon.com, Inc. | $11M | 3.6% | +9.5% | 8.5 yr |
| LINLinde plc | $11M | 3.5% | +7.9% | 3.3 yr |
| ADIAnalog Devices, Inc. | $10M | 3.4% | +60.2% | 8.5 yr |
| XLCState Street Communicati | $10M | 3.3% | — | 2.0 yr |
| VVisa Inc. | $10M | 3.3% | -13.1% | 8.5 yr |
| WSTWest Pharmaceutical Serv | $10M | 3.1% | +12.3% | 8.5 yr |
| FNVFranco-Nevada Corporatio | $9M | 2.9% | +58.0% | 3.0 yr |
| XLFState Street Financial S | $8M | 2.7% | — | 1.5 yr |
| TSLATesla, Inc. | $8M | 2.7% | +43.4% | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management27.6%+21.7pp$86M
Chemicals - Specialty7.6%-0.4pp$24M
Consumer Electronics5.8%-0.2pp$18M
Specialty Retail5.4%+0.0pp$17M
Software - Infrastructure4.8%-0.3pp$15M
Semiconductors4.7%+1.6pp$15M
Medical - Devices4.2%-1.0pp$13M
Travel Lodging4.0%+0.4pp$12M
Medical - Instruments & Supplies3.5%+0.0pp$11M
Financial - Credit Services3.5%-0.7pp$11M
Country
US91.0%-0.3pp
GB3.5%-0.1pp
CA2.9%+1.3pp
IE1.9%-0.2pp
Unknown0.7%-0.7pp
Top 5: 26.2% · Top 10: 43.8% · Top 25: 80.0%
Top buys this quarter · 15
| ADI Analog Devices, Inc. | +$19M |
| HLT Hilton Worldwide Holdings Inc. | +$12M |
| ECL Ecolab Inc. | +$13M |
| MSFT Microsoft Corporation | +$15M |
| V Visa Inc. | +$10M |
| AMZN Amazon.com, Inc. | +$11M |
| TSLA Tesla, Inc. | +$8M |
| FNV Franco-Nevada Corporation | +$8M |
| DHR Danaher Corporation | +$7M |
| WST West Pharmaceutical Services, | +$10M |
Top sells this quarter · 15
| COST Costco Wholesale Corporationexit | −$20M |
| NOC Northrop Grumman Corporationexit | −$8M |
| CTRA Coterra Energy Inc. | −$5M |
| IT Gartner, Inc.exit | −$3M |
| BYRN Byrna Technologies Inc.exit | −$1M |
| STE STERIS plc | −$0M |
| ABBV AbbVie Inc.exit | −$0M |
| DIS The Walt Disney Companyexit | −$0M |
| MRK Merck & Co., Inc. | −$0M |
| ATR AptarGroup, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $310M | 74 | +2.42% | +17.59% | -15.17% | -0.03B |
| 2025-12-31 | $346M | 74 | +2.25% | +17.72% | -15.46% | -0.00B |
| 2025-09-30 | $349M | 74 | +1.74% | +17.52% | -15.78% | +0.00B |
| 2025-06-30 | $336M | 68 | +5.63% | +14.94% | -9.31% | -0.00B |
| 2025-03-31 | $328M | 68 | +2.04% | +8.30% | -6.27% | +0.00B |
| 2024-12-31 | $338M | 69 | +12.42% | +24.89% | -12.47% | -0.00B |
| 2024-09-30 | $345M | 70 | +23.52% | +36.04% | -12.51% | -0.01B |
| 2024-06-30 | $336M | 70 | +10.60% | +24.49% | -13.89% | -0.01B |
| 2024-03-31 | $346M | 64 | +18.99% | +29.62% | -10.64% | -0.01B |
| 2023-12-31 | $331M | 65 | +19.70% | +26.18% | -6.48% | -0.02B |
| 2023-09-30 | $325M | 68 | +14.82% | +21.57% | -6.75% | -0.01B |
| 2023-06-30 | $351M | 71 | +14.19% | +19.42% | -5.24% | +0.00B |
| 2023-03-31 | $324M | 64 | -11.58% | -7.82% | -3.77% | -0.01B |
| 2022-12-31 | $316M | 66 | +4.55% | +7.56% | -3.01% | +0.00B |
| 2022-09-30 | $299M | 61 | -5.36% | -4.93% | -0.43% | -0.01B |
| 2022-06-30 | $328M | 65 | -16.73% | -16.11% | -0.62% | -0.01B |