Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.40%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.53%
steady accumulation
Rally response
-2.78%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $464M | 7.7% | +60.9% | 5.5 yr |
| AAPLApple Inc. | $402M | 6.6% | +14.7% | 5.8 yr |
| MSFTMicrosoft Corporation | $256M | 4.2% | -0.6% | 5.8 yr |
| GOOGLAlphabet Inc. | $183M | 3.0% | — | 5.5 yr |
| AMZNAmazon.com, Inc. | $182M | 3.0% | +9.5% | 5.5 yr |
| METAMeta Platforms, Inc. | $161M | 2.7% | -0.4% | 5.8 yr |
| GOOGAlphabet Inc. | $153M | 2.5% | +84.3% | 5.5 yr |
| AVGOBroadcom Inc. | $149M | 2.5% | +86.0% | 5.5 yr |
| SPHYState Street SPDR Portfo | $139M | 2.3% | — | 0.5 yr |
| USHYiShares Broad USD High Y | $138M | 2.3% | — | 0.5 yr |
| XLKState Street Technology | $127M | 2.1% | — | 0.5 yr |
| TSLATesla, Inc. | $119M | 2.0% | +43.4% | 5.5 yr |
| HYGiShares iBoxx $ High Yie | $111M | 1.8% | — | 5.0 yr |
| SOXXiShares Semiconductor ET | $101M | 1.7% | — | 0.5 yr |
| LLYEli Lilly and Company | $71M | 1.2% | +12.2% | 5.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.2%+3.1pp$800M
Internet Content & Information8.5%+1.2pp$517M
Consumer Electronics6.7%-0.6pp$407M
Asset Management6.4%+1.6pp$389M
Asset Management - Bonds6.4%$388M
Software - Infrastructure6.0%-1.6pp$361M
Drug Manufacturers - General4.8%-0.8pp$291M
Specialty Retail3.6%+0.0pp$217M
Software - Application2.4%-1.6pp$146M
Financial - Credit Services2.4%-0.7pp$145M
Country
US96.7%+0.0pp
IE1.5%-0.2pp
GB0.5%-0.0pp
CH0.4%+0.0pp
CN0.3%
TW0.3%+0.0pp
SG0.2%+0.1pp
BM0.1%-0.0pp
Top 5: 24.5% · Top 10: 36.7% · Top 25: 53.7%
Top buys this quarter · 15
| GOOG Alphabet Inc. | +$21M |
| MSFT Microsoft Corporation | +$256M |
| TSLA Tesla, Inc. | +$119M |
| AAPL Apple Inc. | +$402M |
| MU Micron Technology, Inc. | +$9M |
| MCD McDonald's Corporation | +$5M |
| WAT Waters Corporationnew | +$4M |
| EOG EOG Resources, Inc. | +$4M |
| PCAR PACCAR Inc | +$4M |
| TJX The TJX Companies, Inc. | +$3M |
Top sells this quarter · 15
| XOM Exxon Mobil Corporation | −$53M |
| PLD Prologis, Inc.exit | −$16M |
| PEP PepsiCo, Inc. | −$13M |
| PG The Procter & Gamble Company | −$12M |
| CVX Chevron Corporation | −$11M |
| COST Costco Wholesale Corporation | −$11M |
| MRK Merck & Co., Inc. | −$10M |
| NOC Northrop Grumman Corporationexit | −$10M |
| GILD Gilead Sciences, Inc. | −$9M |
| JPM JPMorgan Chase & Co. | −$8M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $6.06B | 580 | +16.32% | +17.59% | -1.28% | -0.12B |
| 2025-12-31 | $6.52B | 594 | +16.52% | +17.72% | -1.20% | +0.29B |
| 2025-09-30 | $6.09B | 613 | +17.55% | +17.52% | +0.03% | +0.78B |
| 2025-06-30 | $4.91B | 626 | +14.84% | +14.94% | -0.10% | -0.04B |
| 2025-03-31 | $4.46B | 615 | +6.14% | +8.30% | -2.17% | -0.01B |
| 2024-12-31 | $4.71B | 525 | +20.99% | +24.89% | -3.90% | -0.11B |
| 2024-09-30 | $4.67B | 473 | +31.26% | +36.04% | -4.78% | +0.16B |
| 2024-06-30 | $4.27B | 470 | +19.88% | +24.49% | -4.61% | -0.10B |
| 2024-03-31 | $4.26B | 469 | +26.92% | +29.62% | -2.70% | +0.24B |
| 2023-12-31 | $3.72B | 474 | +26.45% | +26.18% | +0.27% | +0.09B |
| 2023-09-30 | $3.24B | 474 | +18.87% | +21.57% | -2.70% | -0.03B |
| 2023-06-30 | $3.40B | 466 | +17.86% | +19.42% | -1.57% | -0.03B |
| 2023-03-31 | $3.15B | 450 | -7.93% | -7.82% | -0.11% | +0.01B |
| 2022-12-31 | $2.92B | 465 | +5.29% | +7.56% | -2.27% | +0.13B |
| 2022-09-30 | $2.65B | 459 | -4.39% | -4.93% | +0.54% | -0.19B |
| 2022-06-30 | $2.97B | 470 | -15.11% | -16.11% | +1.00% | +0.04B |