Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-14.23%
trims when stocks drop
when a holding falls −10%+
Middle response
-28.10%
baseline attrition
Rally response
-35.74%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| HDThe Home Depot, Inc. | $6M | 1.6% | -8.0% | 2.5 yr |
| SRESempra | $6M | 1.5% | +40.3% | 2.3 yr |
| HBANHuntington Bancshares In | $5M | 1.3% | +8.2% | 2.5 yr |
| APDAir Products and Chemica | $5M | 1.2% | +0.5% | 1.8 yr |
| VVisa Inc. | $5M | 1.2% | -13.1% | 4.5 yr |
| COFCapital One Financial Co | $4M | 1.1% | +3.1% | 2.5 yr |
| FDXFedEx Corporation | $4M | 1.1% | +49.3% | 1.8 yr |
| MAMastercard Incorporated | $4M | 1.0% | -8.5% | 3.5 yr |
| ADIAnalog Devices, Inc. | $4M | 1.0% | +60.2% | 1.8 yr |
| HALHalliburton Company | $4M | 1.0% | +57.9% | 3.5 yr |
| ANTMElevance Health Inc. | $4M | 1.0% | — | 3.0 yr |
| BKNGBooking Holdings Inc. | $4M | 1.0% | -96.3% | 2.0 yr |
| ISRGIntuitive Surgical, Inc. | $4M | 0.9% | -6.9% | 2.5 yr |
| TMOThermo Fisher Scientific | $3M | 0.9% | -0.9% | 4.3 yr |
| BKThe Bank of New York Mel | $3M | 0.9% | +44.4% | 2.8 yr |
Portfolio composition (YoY)
Industry mix
Financial - Credit Services5.4%+4.0pp$21M
Banks - Regional4.5%+1.3pp$17M
Software - Application4.4%-0.0pp$17M
Semiconductors4.1%+0.2pp$16M
Oil & Gas Exploration & Production3.2%-0.3pp$12M
Specialty Retail3.1%+1.3pp$12M
Aerospace & Defense2.7%+1.1pp$11M
Asset Management2.7%+1.3pp$10M
Industrial - Machinery2.4%+0.8pp$10M
Chemicals - Specialty2.3%+0.1pp$9M
Country
US87.7%+5.8pp
CA3.0%-3.2pp
GB2.1%+0.2pp
Unknown1.3%-1.1pp
BR1.1%+0.9pp
IE0.8%-0.9pp
IN0.8%+0.2pp
LU0.6%+0.5pp
Top 5: 6.8% · Top 10: 12.1% · Top 25: 24.7%
Top buys this quarter · 15
| HD The Home Depot, Inc. | +$6M |
| SRE Sempra | +$5M |
| V Visa Inc. | +$4M |
| APD Air Products and Chemicals, In | +$4M |
| COF Capital One Financial Corporat | +$4M |
| ISRG Intuitive Surgical, Inc. | +$3M |
| TMO Thermo Fisher Scientific Inc. | +$3M |
| NOW ServiceNow, Inc. | +$3M |
| NU Nu Holdings Ltd. | +$3M |
| ADBE Adobe Inc. | +$3M |
Top sells this quarter · 15
| TSEM Tower Semiconductor Ltd. | −$8M |
| BLK BlackRock, Inc. | −$6M |
| FFIV F5, Inc. | −$6M |
| EOG EOG Resources, Inc.exit | −$6M |
| PG The Procter & Gamble Companyexit | −$5M |
| NFLX Netflix, Inc.exit | −$5M |
| MO Altria Group, Inc. | −$5M |
| MSI Motorola Solutions, Inc.exit | −$5M |
| NRG NRG Energy, Inc. | −$5M |
| KEY KeyCorpexit | −$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $389M | 496 | +26.10% | +17.59% | +8.51% | -0.06B |
| 2025-12-31 | $432M | 550 | +21.42% | +17.72% | +3.70% | -0.25B |
| 2025-09-30 | $645M | 763 | +22.34% | +17.52% | +4.82% | -0.14B |
| 2025-06-30 | $728M | 748 | +22.77% | +14.94% | +7.83% | +0.06B |
| 2025-03-31 | $627M | 727 | +20.57% | +8.30% | +12.27% | +0.06B |
| 2024-12-31 | $566M | 696 | +33.26% | +24.89% | +8.37% | +0.03B |
| 2024-09-30 | $509M | 685 | +36.97% | +36.04% | +0.93% | -0.05B |
| 2024-06-30 | $514M | 732 | +21.67% | +24.49% | -2.82% | +0.03B |
| 2024-03-31 | $459M | 639 | +23.86% | +29.62% | -5.76% | -0.16B |
| 2023-12-31 | $560M | 755 | +15.87% | +26.18% | -10.31% | -0.02B |
| 2023-09-30 | $530M | 781 | +10.48% | +21.57% | -11.09% | -0.12B |
| 2023-06-30 | $675M | 709 | +6.83% | +19.42% | -12.59% | -0.10B |
| 2023-03-31 | $725M | 591 | -15.71% | -7.82% | -7.89% | -0.01B |
| 2022-12-31 | $706M | 502 | +3.73% | +7.56% | -3.83% | -0.02B |
| 2022-09-30 | $697M | 561 | -6.63% | -4.93% | -1.70% | +0.14B |
| 2022-06-30 | $594M | 500 | -15.97% | -16.11% | +0.14% | +0.11B |