Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+6.81%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.26%
baseline attrition
Rally response
-2.77%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TSMTaiwan Semiconductor Man | $74M | 5.6% | +105.6% | 8.0 yr |
| WMSAdvanced Drainage System | $74M | 5.6% | +26.9% | 5.5 yr |
| KLACKLA Corporation | $73M | 5.6% | +118.2% | 4.3 yr |
| NVDANVIDIA Corporation | $69M | 5.2% | +60.9% | 4.0 yr |
| DARDarling Ingredients Inc. | $58M | 4.4% | +98.0% | 2.8 yr |
| FSLRFirst Solar, Inc. | $55M | 4.1% | +56.0% | 8.0 yr |
| MAMastercard Incorporated | $51M | 3.8% | -8.5% | 3.5 yr |
| EBAYeBay Inc. | $49M | 3.7% | +36.3% | 3.5 yr |
| PANWPalo Alto Networks, Inc. | $45M | 3.4% | -6.0% | 2.3 yr |
| DEDeere & Company | $43M | 3.2% | +21.2% | 2.0 yr |
| EWEdwards Lifesciences Cor | $40M | 3.0% | +10.5% | 8.0 yr |
| TIGOMillicom International C | $39M | 2.9% | +167.9% | 1.3 yr |
| TAT&T Inc. | $37M | 2.8% | +5.9% | 3.3 yr |
| ISRGIntuitive Surgical, Inc. | $37M | 2.8% | -6.9% | 6.3 yr |
| PGThe Procter & Gamble Com | $37M | 2.8% | -12.9% | 8.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors16.4%+4.1pp$217M
Construction9.1%+0.6pp$120M
Software - Infrastructure8.5%+0.4pp$113M
Medical - Devices8.0%-1.2pp$106M
Industrial - Machinery6.1%+0.1pp$81M
Telecommunications Services5.8%+0.9pp$76M
Packaged Foods5.0%+0.3pp$67M
Solar4.1%+0.2pp$55M
Financial - Credit Services3.8%-0.5pp$51M
Specialty Retail3.7%+0.1pp$49M
Country
US89.8%-1.1pp
TW5.6%+2.2pp
LU2.9%+0.7pp
IE1.6%-0.3pp
Top 5: 26.3% · Top 10: 44.6% · Top 25: 80.6%
Top buys this quarter · 15
| PANW Palo Alto Networks, Inc. | +$10M |
| VLTO Veralto Corporation | +$10M |
| PLNT Planet Fitness, Inc. | +$28M |
| T AT&T Inc. | +$7M |
| GEN Gen Digital Inc. | +$33M |
| AYI Acuity Brands, Inc. | +$26M |
| FSLR First Solar, Inc. | +$55M |
| ZBRA Zebra Technologies Corporation | +$3M |
| LLY Eli Lilly and Company | +$23M |
| LRN Stride, Inc. | +$1M |
Top sells this quarter · 15
| ADBE Adobe Inc.exit | −$21M |
| KLAC KLA Corporation | −$72M |
| ARE Alexandria Real Estate Equitieexit | −$10M |
| TSM Taiwan Semiconductor Manufactu | −$72M |
| TIGO Millicom International Cellula | −$33M |
| MWA Mueller Water Products, Inc. | −$26M |
| OLED Universal Display Corporation | −$2M |
| SFM Sprouts Farmers Market, Inc. | −$2M |
| EBAY eBay Inc. | −$47M |
| NVDA NVIDIA Corporation | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.32B | 49 | +17.58% | +17.59% | -0.01% | -0.04B |
| 2025-12-31 | $1.38B | 51 | +14.84% | +17.72% | -2.87% | -0.01B |
| 2025-09-30 | $1.38B | 50 | +8.04% | +17.52% | -9.48% | -0.03B |
| 2025-06-30 | $1.33B | 50 | +6.66% | +14.94% | -8.28% | -0.02B |
| 2025-03-31 | $1.22B | 50 | -2.86% | +8.30% | -11.16% | +0.02B |
| 2024-12-31 | $1.24B | 49 | +7.53% | +24.89% | -17.36% | +0.03B |
| 2024-09-30 | $1.27B | 49 | +27.99% | +36.04% | -8.05% | +0.07B |
| 2024-06-30 | $1.14B | 47 | +12.82% | +24.49% | -11.67% | +0.03B |
| 2024-03-31 | $1.11B | 47 | +20.09% | +29.62% | -9.53% | +0.01B |
| 2023-12-31 | $1.02B | 46 | +22.27% | +26.18% | -3.91% | -0.04B |
| 2023-09-30 | $942M | 47 | +18.61% | +21.57% | -2.96% | +0.01B |
| 2023-06-30 | $1.00B | 45 | +20.17% | +19.42% | +0.74% | +0.04B |
| 2023-03-31 | $889M | 47 | -9.72% | -7.82% | -1.90% | +0.06B |
| 2022-12-31 | $759M | 43 | +9.55% | +7.56% | +1.99% | -0.01B |
| 2022-09-30 | $700M | 46 | -6.27% | -4.93% | -1.34% | +0.03B |
| 2022-06-30 | $710M | 47 | -19.17% | -16.11% | -3.05% | +0.08B |