Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.50%
adds when stocks drop
when a holding falls −10%+
Middle response
+15.17%
steady accumulation
Rally response
+19.36%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $3.40B | 5.7% | +60.9% | 4.5 yr |
| AAPLApple Inc. | $2.98B | 5.0% | +14.7% | 5.8 yr |
| MSFTMicrosoft Corporation | $1.51B | 2.5% | -0.6% | 7.5 yr |
| AMZNAmazon.com, Inc. | $1.09B | 1.8% | +9.5% | 5.3 yr |
| GOOGLAlphabet Inc. | $1.09B | 1.8% | — | 6.0 yr |
| GOOGAlphabet Inc. | $905M | 1.5% | +84.3% | 4.5 yr |
| METAMeta Platforms, Inc. | $864M | 1.4% | -0.4% | 6.0 yr |
| AVGOBroadcom Inc. | $723M | 1.2% | +86.0% | 4.5 yr |
| BRK-BBerkshire Hathaway Inc. | $591M | 1.0% | — | 5.5 yr |
| TSLATesla, Inc. | $543M | 0.9% | +43.4% | 4.5 yr |
| SPYState Street SPDR S&P 50 | $511M | 0.9% | +17.6% | 4.3 yr |
| JPMJPMorgan Chase & Co. | $467M | 0.8% | +21.8% | 4.8 yr |
| VOOVanguard S&P 500 ETF | $411M | 0.7% | — | 4.3 yr |
| XOMExxon Mobil Corporation | $407M | 0.7% | +47.6% | 4.5 yr |
| LLYEli Lilly and Company | $399M | 0.7% | +12.2% | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors10.3%+3.1pp$6.18B
Asset Management7.8%+0.4pp$4.68B
Internet Content & Information5.8%+0.4pp$3.45B
Consumer Electronics5.0%+0.0pp$3.01B
Software - Infrastructure4.6%-1.5pp$2.77B
Specialty Retail3.0%-0.5pp$1.79B
Software - Application2.9%-0.8pp$1.73B
Drug Manufacturers - General2.8%-0.1pp$1.68B
Banks - Diversified2.4%+0.1pp$1.46B
Aerospace & Defense2.2%+0.2pp$1.30B
Country
US93.2%+1.2pp
IE1.1%-0.4pp
GB1.1%-0.2pp
CA0.7%-0.2pp
Unknown0.7%+0.1pp
CH0.4%-0.0pp
JP0.4%-0.1pp
BM0.4%-0.1pp
Top 5: 16.8% · Top 10: 22.9% · Top 25: 31.3%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$659M |
| AAPL Apple Inc. | +$552M |
| MSFT Microsoft Corporation | +$1.51B |
| GOOG Alphabet Inc. | +$182M |
| SPY State Street SPDR S&P 500 ETF | +$173M |
| AMZN Amazon.com, Inc. | +$166M |
| META Meta Platforms, Inc. | +$121M |
| AVGO Broadcom Inc. | +$119M |
| TSLA Tesla, Inc. | +$108M |
| JPM JPMorgan Chase & Co. | +$86M |
Top sells this quarter · 15
| ABT Abbott Laboratories | −$32M |
| MDT Medtronic plc | −$25M |
| QCOM QUALCOMM Incorporated | −$24M |
| CCL Carnival Corporation & plc | −$23M |
| RPM RPM International Inc. | −$22M |
| ACN Accenture plc | −$21M |
| SBAC SBA Communications Corporation | −$20M |
| TAP Molson Coors Beverage Company | −$18M |
| GEN Gen Digital Inc. | −$17M |
| SHC Sotera Health Company | −$17M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $59.83B | 3270 | +15.33% | +17.59% | -2.26% | +12.31B |
| 2025-12-31 | $49.68B | 3136 | +15.11% | +17.72% | -2.61% | +12.41B |
| 2025-09-30 | $36.64B | 2909 | +14.49% | +17.52% | -3.03% | +11.74B |
| 2025-06-30 | $23.10B | 2549 | +13.63% | +14.94% | -1.31% | +6.22B |
| 2025-03-31 | $15.35B | 2095 | +3.96% | +8.30% | -4.34% | +5.65B |
| 2024-12-31 | $10.16B | 1638 | +17.41% | +24.89% | -7.48% | +2.38B |
| 2024-09-30 | $7.69B | 1466 | +29.77% | +36.04% | -6.27% | +1.75B |
| 2024-06-30 | $5.56B | 1312 | +17.07% | +24.49% | -7.42% | +0.93B |
| 2024-03-31 | $4.60B | 1212 | +24.78% | +29.62% | -4.84% | +1.52B |
| 2023-12-31 | $2.86B | 1068 | +23.12% | +26.18% | -3.06% | +0.40B |
| 2023-09-30 | $2.20B | 1001 | +17.45% | +21.57% | -4.11% | +0.51B |
| 2023-06-30 | $1.75B | 898 | +17.05% | +19.42% | -2.38% | +0.13B |
| 2023-03-31 | $1.51B | 844 | -6.92% | -7.82% | +0.90% | +0.09B |
| 2022-12-31 | $1.34B | 796 | -14.53% | -18.17% | +3.65% | +0.51B |
| 2022-09-30 | $776M | 609 | -3.86% | -4.93% | +1.07% | +0.11B |
| 2022-06-30 | $692M | 596 | -14.71% | -16.11% | +1.40% | +0.13B |