Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+7.21%
adds when stocks drop
when a holding falls −10%+
Middle response
+7.25%
steady accumulation
Rally response
+0.68%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $243M | 4.0% | +60.9% | 7.5 yr |
| AAPLApple Inc. | $231M | 3.8% | +14.7% | 7.5 yr |
| IVViShares Core S&P 500 ETF | $219M | 3.6% | — | 7.5 yr |
| MSFTMicrosoft Corporation | $148M | 2.4% | -0.6% | 7.0 yr |
| AMZNAmazon.com, Inc. | $113M | 1.8% | +9.5% | 7.5 yr |
| VOOVanguard S&P 500 ETF | $108M | 1.8% | — | 5.8 yr |
| GOOGLAlphabet Inc. | $104M | 1.7% | — | 6.8 yr |
| AVLVAvantis U.S. Large Cap V | $102M | 1.7% | — | 2.8 yr |
| VONGVanguard Russell 1000 Gr | $93M | 1.5% | — | 3.8 yr |
| AVGOBroadcom Inc. | $89M | 1.5% | +86.0% | 6.0 yr |
| PTRBPGIM Total Return Bond E | $72M | 1.2% | — | 2.3 yr |
| JPMJPMorgan Chase & Co. | $64M | 1.1% | +21.8% | 6.8 yr |
| METAMeta Platforms, Inc. | $62M | 1.0% | -0.4% | 7.5 yr |
| LLYEli Lilly and Company | $61M | 1.0% | +12.2% | 5.5 yr |
| DFAIDimensional - Internatio | $61M | 1.0% | — | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management37.4%-0.4pp$2.29B
Semiconductors7.4%+2.2pp$454M
Asset Management - Bonds5.6%-1.1pp$343M
Consumer Electronics3.8%-0.5pp$232M
Internet Content & Information3.7%+1.0pp$226M
Software - Infrastructure3.4%-0.5pp$211M
Drug Manufacturers - General2.9%+0.8pp$178M
Asset Management - Income2.8%-1.0pp$170M
Specialty Retail2.1%-0.2pp$130M
Discount Stores1.8%+0.2pp$108M
Country
US96.0%-1.0pp
Unknown1.0%+0.6pp
GB0.7%+0.3pp
CA0.6%+0.2pp
IE0.5%-0.2pp
NL0.3%+0.1pp
CH0.2%-0.0pp
TW0.2%+0.1pp
Top 5: 15.6% · Top 10: 23.7% · Top 25: 37.8%
Top buys this quarter · 15
| LLY Eli Lilly and Company | +$21M |
| OBDC Blue Owl Capital Corporation | +$20M |
| AZN AstraZeneca PLCnew | +$19M |
| AAPL Apple Inc. | +$17M |
| BNL Broadstone Net Lease, Inc. | +$16M |
| ARCC Ares Capital Corporation | +$15M |
| MSFT Microsoft Corporation | +$148M |
| NVDA NVIDIA Corporation | +$243M |
| AMZN Amazon.com, Inc. | +$13M |
| GE GE Aerospace | +$11M |
Top sells this quarter · 15
| NFLX Netflix, Inc. | −$6M |
| BX Blackstone Inc. | −$6M |
| BLK BlackRock, Inc. | −$6M |
| ORCL Oracle Corporation | −$5M |
| SYK Stryker Corporation | −$5M |
| BR Broadridge Financial Solutions | −$5M |
| TMUS T-Mobile US, Inc. | −$5M |
| SPY State Street SPDR S&P 500 ETF | −$2M |
| APO Apollo Global Management, Inc. | −$1M |
| FSCO FS Credit Opportunities Corp. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $6.12B | 1396 | +18.62% | +17.59% | +1.03% | +0.59B |
| 2025-12-31 | $5.74B | 1297 | +17.23% | +17.72% | -0.49% | +0.05B |
| 2025-09-30 | $5.60B | 1310 | +18.91% | +17.52% | +1.39% | +0.13B |
| 2025-06-30 | $5.04B | 1267 | +16.36% | +14.94% | +1.42% | -0.01B |
| 2025-03-31 | $4.52B | 1202 | +6.72% | +8.30% | -1.59% | +0.42B |
| 2024-12-31 | $4.31B | 1191 | +19.79% | +24.89% | -5.10% | +0.67B |
| 2024-09-30 | $3.53B | 1127 | +29.70% | +36.04% | -6.34% | +0.05B |
| 2024-06-30 | $3.28B | 1096 | +17.61% | +24.49% | -6.88% | +0.03B |
| 2024-03-31 | $3.17B | 1112 | +24.06% | +29.62% | -5.56% | +0.09B |
| 2023-12-31 | $2.88B | 1065 | +24.75% | +26.18% | -1.42% | +0.66B |
| 2023-09-30 | $1.99B | 903 | +9.96% | +21.57% | -11.60% | -0.00B |
| 2023-06-30 | $2.07B | 937 | -23.07% | +19.42% | -42.50% | +0.31B |
| 2023-03-31 | $1.63B | 866 | -39.55% | -7.82% | -31.74% | +0.11B |
| 2022-12-31 | $1.41B | 848 | -46.32% | -18.17% | -28.14% | +0.21B |
| 2022-09-30 | $1.21B | 810 | -39.47% | -15.51% | -23.96% | +0.40B |
| 2022-06-30 | $1.20B | 752 | -9.55% | -10.62% | +1.07% | +0.01B |