Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.23%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.30%
baseline attrition
Rally response
-0.87%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $584M | 5.0% | +60.9% | 2.8 yr |
| MSFTMicrosoft Corporation | $303M | 2.6% | -0.6% | 2.8 yr |
| GOOGLAlphabet Inc. | $254M | 2.2% | — | 2.8 yr |
| AMZNAmazon.com, Inc. | $245M | 2.1% | +9.5% | 2.8 yr |
| AAPLApple Inc. | $237M | 2.0% | +14.7% | 2.8 yr |
| PLTRPalantir Technologies In | $229M | 1.9% | +73.3% | 2.8 yr |
| PANWPalo Alto Networks, Inc. | $201M | 1.7% | -6.0% | 2.8 yr |
| CSCOCisco Systems, Inc. | $192M | 1.6% | +28.1% | 2.8 yr |
| METAMeta Platforms, Inc. | $191M | 1.6% | -0.4% | 2.8 yr |
| TSLATesla, Inc. | $184M | 1.6% | +43.4% | 2.8 yr |
| AVGOBroadcom Inc. | $171M | 1.5% | +86.0% | 2.8 yr |
| CRWDCrowdStrike Holdings, In | $169M | 1.4% | +10.7% | 2.8 yr |
| LMTLockheed Martin Corporat | $162M | 1.4% | +39.0% | 2.8 yr |
| TSMTaiwan Semiconductor Man | $159M | 1.4% | +105.6% | 2.8 yr |
| NOCNorthrop Grumman Corpora | $158M | 1.3% | +35.4% | 2.8 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors12.6%+4.6pp$1.48B
Software - Infrastructure11.3%-1.7pp$1.33B
Aerospace & Defense9.7%+3.0pp$1.14B
Asset Management7.0%+0.5pp$824M
Internet Content & Information4.8%+0.5pp$558M
Software - Application3.3%-1.3pp$389M
Specialty Retail2.6%+0.1pp$308M
Financial - Credit Services2.2%-1.2pp$262M
Drug Manufacturers - General2.1%+0.0pp$252M
Consumer Electronics2.1%-0.2pp$246M
Country
US88.2%+0.3pp
CA2.8%+0.1pp
TW1.6%+0.6pp
GB1.2%-0.2pp
Unknown1.0%+0.1pp
IE0.8%+0.2pp
IL0.4%-1.2pp
AU0.4%+0.0pp
Top 5: 13.8% · Top 10: 22.3% · Top 25: 38.9%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$280M |
| TSLA Tesla, Inc. | +$121M |
| PANW Palo Alto Networks, Inc. | +$83M |
| AAPL Apple Inc. | +$38M |
| PLTR Palantir Technologies Inc. | +$229M |
| MSFT Microsoft Corporation | +$303M |
| CRWD CrowdStrike Holdings, Inc. | +$29M |
| AVGO Broadcom Inc. | +$19M |
| AMZN Amazon.com, Inc. | +$245M |
| SAP SAP SE | +$17M |
Top sells this quarter · 15
| ARM Arm Holdings plc American Depo | −$22M |
| UBER Uber Technologies, Inc. | −$19M |
| IREN IREN Limited | −$18M |
| MU Micron Technology, Inc. | −$18M |
| CIFR Cipher Mining Inc. | −$13M |
| INTC Intel Corporation | −$59M |
| VRSK Verisk Analytics, Inc. | −$9M |
| HUT.TO Hut 8 Mining Corp. | −$9M |
| FTNT Fortinet, Inc. | −$8M |
| TMUS T-Mobile US, Inc. | −$8M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $11.74B | 1830 | +22.89% | +17.59% | +5.30% | +1.51B |
| 2025-12-31 | $10.64B | 1612 | +20.39% | +17.72% | +2.67% | +0.42B |
| 2025-09-30 | $10.23B | 1618 | +19.75% | +17.52% | +2.23% | +0.40B |
| 2025-06-30 | $8.90B | 1591 | +14.43% | +14.94% | -0.52% | +0.97B |
| 2025-03-31 | $6.84B | 1547 | -10.09% | +8.30% | -18.39% | +1.47B |
| 2024-12-31 | $5.70B | 1436 | -6.09% | +24.89% | -30.97% | +1.75B |
| 2024-09-30 | $3.97B | 1405 | +7.79% | +36.04% | -28.24% | +0.16B |
| 2024-06-30 | $3.62B | 1405 | -8.91% | +4.38% | -13.29% | -0.75B |
| 2024-03-31 | $4.80B | 1321 | -1.58% | +10.39% | -11.97% | +0.88B |
| 2023-12-31 | $3.98B | 1310 | +14.00% | +11.64% | +2.36% | +0.30B |
| 2023-09-30 | $3.23B | 1263 | — | — | — | — |