Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.82%
adds when stocks drop
when a holding falls −10%+
Middle response
-8.72%
baseline attrition
Rally response
-26.48%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGLAlphabet Inc. | $172M | 6.2% | — | 10.0 yr |
| COSTCostco Wholesale Corpora | $131M | 4.8% | +5.9% | 6.8 yr |
| AAPLApple Inc. | $110M | 4.0% | +14.7% | 11.0 yr |
| VZVerizon Communications I | $105M | 3.8% | +16.5% | 12.0 yr |
| QCOMQUALCOMM Incorporated | $103M | 3.7% | -14.2% | 6.5 yr |
| MSFTMicrosoft Corporation | $101M | 3.7% | -0.6% | 9.0 yr |
| ETNEaton Corporation plc | $98M | 3.6% | +33.2% | 0.3 yr |
| NVDANVIDIA Corporation | $90M | 3.2% | +60.9% | 7.8 yr |
| PFEPfizer Inc. | $86M | 3.1% | +18.8% | 2.0 yr |
| METAMeta Platforms, Inc. | $85M | 3.1% | -0.4% | 11.0 yr |
| QQQInvesco QQQ Trust, Serie | $78M | 2.8% | — | 2.8 yr |
| NFLXNetflix, Inc. | $78M | 2.8% | +3.1% | 6.5 yr |
| VVisa Inc. | $68M | 2.5% | -13.1% | 10.8 yr |
| DISThe Walt Disney Company | $61M | 2.2% | -1.3% | 7.0 yr |
| BMYBristol-Myers Squibb Com | $57M | 2.1% | +3.4% | 12.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management15.3%-6.5pp$423M
Semiconductors13.0%+2.5pp$360M
Internet Content & Information9.4%+8.0pp$260M
Drug Manufacturers - General6.1%+2.5pp$169M
Software - Infrastructure5.0%-0.2pp$139M
Entertainment5.0%+1.7pp$139M
Discount Stores4.8%+0.7pp$131M
Software - Application4.4%+1.8pp$123M
Consumer Electronics4.0%+0.7pp$110M
Telecommunications Services3.8%+1.3pp$105M
Country
US93.2%-3.5pp
IE3.6%+3.5pp
Unknown1.7%+0.3pp
GB0.7%-0.3pp
IT0.5%+0.3pp
CN0.2%+0.0pp
LU0.1%
NL0.0%-0.4pp
Top 5: 22.5% · Top 10: 39.1% · Top 25: 68.1%
Top buys this quarter · 15
| AAPL Apple Inc. | +$107M |
| ETN Eaton Corporation plcnew | +$98M |
| NVDA NVIDIA Corporation | +$71M |
| JPM JPMorgan Chase & Co. | +$41M |
| MSFT Microsoft Corporation | +$40M |
| AMZN Amazon.com, Inc. | +$39M |
| PFE Pfizer Inc. | +$37M |
| COST Costco Wholesale Corporation | +$31M |
| AVGO Broadcom Inc. | +$30M |
| ISRG Intuitive Surgical, Inc. | +$19M |
Top sells this quarter · 15
| O Realty Income Corporationexit | −$116M |
| NEM Newmont Corporation | −$79M |
| MU Micron Technology, Inc. | −$62M |
| INTC Intel Corporation | −$42M |
| VZ Verizon Communications Inc. | −$41M |
| V Visa Inc. | −$40M |
| ASML ASML Holding N.V. | −$30M |
| CSCO Cisco Systems, Inc. | −$29M |
| EXR Extra Space Storage Inc.exit | −$29M |
| TXN Texas Instruments Incorporated | −$27M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.76B | 87 | +17.75% | +17.59% | +0.16% | -0.59B |
| 2025-12-31 | $3.25B | 82 | +12.71% | +17.72% | -5.01% | -1.56B |
| 2025-09-30 | $4.71B | 103 | +12.47% | +17.52% | -5.05% | +0.03B |
| 2025-06-30 | $4.50B | 116 | +15.12% | +14.94% | +0.18% | -0.05B |
| 2025-03-31 | $4.24B | 112 | +7.45% | +8.30% | -0.85% | +0.13B |
| 2024-12-31 | $4.16B | 111 | +18.47% | +24.89% | -6.42% | -0.17B |
| 2024-09-30 | $4.24B | 98 | +33.64% | +36.04% | -2.40% | -0.26B |
| 2024-06-30 | $4.23B | 104 | +22.02% | +24.49% | -2.47% | -0.02B |
| 2024-03-31 | $4.25B | 104 | +28.20% | +29.62% | -1.42% | -0.25B |
| 2023-12-31 | $4.14B | 94 | +33.30% | +26.18% | +7.13% | -0.08B |
| 2023-09-30 | $3.67B | 94 | +23.35% | +21.57% | +1.79% | -0.37B |
| 2023-06-30 | $4.15B | 92 | +18.86% | +19.42% | -0.56% | -0.27B |
| 2023-03-31 | $4.20B | 95 | -5.89% | -7.82% | +1.92% | +0.06B |
| 2022-12-31 | $3.66B | 90 | +6.54% | +7.56% | -1.02% | -0.69B |
| 2022-09-30 | $4.09B | 89 | -6.24% | -4.93% | -1.31% | -0.38B |
| 2022-06-30 | $4.76B | 90 | -16.78% | -16.11% | -0.67% | +0.01B |