Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+6.60%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.36%
steady accumulation
Rally response
-5.79%
trims into rallies
when a holding rises +10%+
Top positions · 21
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CBChubb Limited | $55M | 11.8% | +9.3% | 3.5 yr |
| COSTCostco Wholesale Corpora | $51M | 10.9% | +5.9% | 7.8 yr |
| MSFTMicrosoft Corporation | $45M | 9.6% | -0.6% | 8.0 yr |
| GOOGLAlphabet Inc. | $43M | 9.2% | — | 8.0 yr |
| AAPLApple Inc. | $43M | 9.2% | +14.7% | 8.3 yr |
| CTASCintas Corporation | $35M | 7.5% | -17.0% | 6.0 yr |
| ASMLASML Holding N.V. | $31M | 6.7% | +100.9% | 6.0 yr |
| ISRGIntuitive Surgical, Inc. | $31M | 6.5% | -6.9% | 8.0 yr |
| LLYEli Lilly and Company | $26M | 5.5% | +12.2% | 3.3 yr |
| AXPAmerican Express Company | $25M | 5.4% | +13.3% | 0.5 yr |
| MCOMoody's Corporation | $22M | 4.8% | -5.6% | 0.5 yr |
| PHParker-Hannifin Corporat | $22M | 4.8% | +48.6% | 5.5 yr |
| KLACKLA Corporation | $18M | 4.0% | +118.2% | 0.3 yr |
| GSThe Goldman Sachs Group, | $17M | 3.7% | +58.1% | 0.5 yr |
| AMZNAmazon.com, Inc. | $1M | 0.1% | +9.5% | 8.0 yr |
Portfolio composition (YoY)
Industry mix
Insurance - Property & Casualty11.8%+0.5pp$55M
Discount Stores10.9%+5.0pp$51M
Semiconductors10.6%+6.3pp$50M
Software - Infrastructure9.6%+2.4pp$45M
Internet Content & Information9.2%+3.3pp$43M
Consumer Electronics9.2%+7.0pp$43M
Specialty Business Services7.5%+2.0pp$35M
Medical - Devices6.5%+1.1pp$31M
Drug Manufacturers - General5.7%-0.9pp$26M
Financial - Credit Services5.4%$25M
Country
US81.5%+3.5pp
CH11.8%+0.5pp
NL6.7%
Top 5: 50.6% · Top 10: 82.3% · Top 25: 100.0%
Top buys this quarter · 8
| KLAC KLA Corporationnew | +$18M |
| MSFT Microsoft Corporation | +$11M |
| AXP American Express Company | +$11M |
| ISRG Intuitive Surgical, Inc. | +$31M |
| MCO Moody's Corporation | +$22M |
| AAPL Apple Inc. | +$43M |
| CTAS Cintas Corporation | +$35M |
| GOOGL Alphabet Inc. | +$43M |
Top sells this quarter · 14
| SAP SAP SEexit | −$28M |
| IT Gartner, Inc.exit | −$16M |
| CB Chubb Limited | −$11M |
| PH Parker-Hannifin Corporation | −$6M |
| COST Costco Wholesale Corporation | −$49M |
| ASML ASML Holding N.V. | −$27M |
| LLY Eli Lilly and Company | −$1M |
| GS The Goldman Sachs Group, Inc. | −$1M |
| ADI Analog Devices, Inc.exit | −$1M |
| MA Mastercard Incorporatedexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $466M | 21 | +3.97% | +17.59% | -13.62% | -0.04B |
| 2025-12-31 | $532M | 25 | +12.62% | +17.72% | -5.10% | +0.09B |
| 2025-09-30 | $420M | 21 | +6.69% | +17.52% | -10.83% | +0.09B |
| 2025-06-30 | $340M | 21 | +16.37% | +14.94% | +1.43% | +0.06B |
| 2025-03-31 | $261M | 23 | +10.33% | +8.30% | +2.03% | -0.03B |
| 2024-12-31 | $280M | 27 | +24.47% | +24.89% | -0.42% | +0.03B |
| 2024-09-30 | $247M | 35 | +41.02% | +36.04% | +4.99% | -0.00B |
| 2024-06-30 | $238M | 33 | +29.68% | +24.49% | +5.19% | +0.01B |
| 2024-03-31 | $227M | 35 | +42.25% | +29.62% | +12.63% | +0.00B |
| 2023-12-31 | $195M | 39 | +31.17% | +26.18% | +5.00% | -0.01B |
| 2023-09-30 | $185M | 40 | +27.46% | +21.57% | +5.89% | -0.01B |
| 2023-06-30 | $196M | 41 | +27.62% | +19.42% | +8.19% | -0.01B |
| 2023-03-31 | $187M | 40 | -2.90% | -7.82% | +4.91% | -0.01B |
| 2022-12-31 | $180M | 44 | +10.00% | +7.56% | +2.44% | -0.00B |
| 2022-09-30 | $166M | 43 | -2.75% | -4.93% | +2.18% | -0.00B |
| 2022-06-30 | $174M | 50 | -14.96% | -16.11% | +1.15% | -0.02B |