Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-24.78%
trims when stocks drop
when a holding falls −10%+
Middle response
-22.38%
baseline attrition
Rally response
-28.50%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TSLATesla, Inc. | $1.83B | 18.3% | +43.4% | 4.0 yr |
| NVDANVIDIA Corporation | $600M | 6.0% | +60.9% | 5.5 yr |
| PENPenumbra, Inc. | $153M | 1.5% | +22.8% | 3.8 yr |
| PPLPPL Corporation | $101M | 1.0% | +9.1% | 6.5 yr |
| AEEAmeren Corporation | $91M | 0.9% | +12.7% | 4.8 yr |
| SOThe Southern Company | $81M | 0.8% | +8.4% | 4.0 yr |
| XELXcel Energy Inc. | $79M | 0.8% | +15.8% | 5.5 yr |
| EVRGEvergy, Inc. | $79M | 0.8% | +23.3% | 6.0 yr |
| ETREntergy Corporation | $76M | 0.8% | +35.0% | 6.3 yr |
| AMZNAmazon.com, Inc. | $62M | 0.6% | +9.5% | 6.5 yr |
| OGEOGE Energy Corp. | $62M | 0.6% | +7.5% | 5.8 yr |
| OTISOtis Worldwide Corporati | $59M | 0.6% | -23.9% | 4.5 yr |
| GOOGLAlphabet Inc. | $52M | 0.5% | — | 7.0 yr |
| FPSForgent Power Solutions, | $48M | 0.5% | — | 0.3 yr |
| CRH.LCRH plc | $47M | 0.5% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Auto - Manufacturers18.6%+18.2pp$1.87B
Semiconductors8.9%+6.4pp$896M
Regulated Electric7.2%-4.1pp$726M
Medical - Devices4.1%-1.3pp$412M
Biotechnology3.3%+1.5pp$334M
Unknown2.7%+0.3pp$268M
Banks - Regional2.5%-0.9pp$255M
Software - Infrastructure2.5%+0.3pp$250M
Software - Application2.4%-0.2pp$238M
Internet Content & Information1.9%+0.3pp$189M
Country
US89.2%+0.6pp
Unknown2.7%+0.3pp
CA1.6%-0.2pp
GB1.4%-0.6pp
IE1.1%-0.7pp
BM0.7%+0.0pp
NL0.6%+0.5pp
IL0.5%+0.1pp
Top 5: 27.7% · Top 10: 31.5% · Top 25: 38.5%
Top buys this quarter · 15
| TSLA Tesla, Inc. | +$1.80B |
| PEN Penumbra, Inc. | +$146M |
| FPS Forgent Power Solutions, Inc.new | +$48M |
| DHR Danaher Corporation | +$36M |
| ASML ASML Holding N.V. | +$33M |
| ISRG Intuitive Surgical, Inc. | +$32M |
| AEP American Electric Power Compan | +$31M |
| WBS Webster Financial Corporation | +$31M |
| 0I3I.L The Cooper Companies, Inc. | +$29M |
| WIX Wix.com Ltd. | +$29M |
Top sells this quarter · 15
| SNDK Sandisk Corporation | −$22M |
| AAPL Apple Inc. | −$231M |
| WMT Walmart Inc.exit | −$176M |
| AVGO Broadcom Inc. | −$171M |
| NVDA NVIDIA Corporation | −$120M |
| MDLZ Mondelez International, Inc. | −$85M |
| AMZN Amazon.com, Inc. | −$79M |
| TPR Tapestry, Inc. | −$67M |
| LIN Linde plcexit | −$59M |
| WDC Western Digital Corporation | −$57M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $10.04B | 1400 | +22.43% | +17.59% | +4.84% | +0.70B |
| 2025-12-31 | $8.97B | 1388 | +14.66% | +17.72% | -3.06% | +1.55B |
| 2025-09-30 | $7.14B | 1354 | +11.52% | +17.52% | -6.00% | -1.73B |
| 2025-06-30 | $8.20B | 1331 | +11.53% | +14.94% | -3.41% | +0.28B |
| 2025-03-31 | $7.57B | 1322 | +8.48% | +8.30% | +0.18% | -1.82B |
| 2024-12-31 | $9.63B | 1310 | +20.22% | +24.89% | -4.67% | -0.16B |
| 2024-09-30 | $9.68B | 1437 | +29.34% | +36.04% | -6.70% | -0.18B |
| 2024-06-30 | $9.12B | 1320 | +17.44% | +24.49% | -7.05% | +0.89B |
| 2024-03-31 | $8.08B | 1318 | +21.10% | +29.62% | -8.53% | -0.60B |
| 2023-12-31 | $8.04B | 1322 | +17.11% | +26.18% | -9.07% | -0.43B |
| 2023-09-30 | $7.78B | 1579 | +14.82% | +21.57% | -6.75% | -0.60B |
| 2023-06-30 | $8.54B | 1699 | +11.58% | +19.42% | -7.84% | -0.62B |
| 2023-03-31 | $8.72B | 1602 | -11.32% | -7.82% | -3.50% | +1.97B |
| 2022-12-31 | $6.46B | 1518 | -19.02% | -18.17% | -0.84% | -1.17B |
| 2022-09-30 | $7.16B | 1783 | -15.65% | -15.51% | -0.14% | +0.42B |
| 2022-06-30 | $7.06B | 1818 | -11.09% | -10.62% | -0.47% | +1.35B |