Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.24%
trims when stocks drop
when a holding falls −10%+
Middle response
-8.24%
baseline attrition
Rally response
-0.20%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $69M | 3.2% | +14.7% | 2.0 yr |
| NVDANVIDIA Corporation | $57M | 2.7% | +60.9% | 2.5 yr |
| MSFTMicrosoft Corporation | $45M | 2.1% | -0.6% | 2.5 yr |
| AMZNAmazon.com, Inc. | $43M | 2.0% | +9.5% | 2.5 yr |
| AVGOBroadcom Inc. | $43M | 2.0% | +86.0% | 2.5 yr |
| XOMExxon Mobil Corporation | $29M | 1.4% | +47.6% | 1.8 yr |
| GOOGLAlphabet Inc. | $26M | 1.2% | — | 1.8 yr |
| GOOGAlphabet Inc. | $22M | 1.0% | +84.3% | 2.5 yr |
| JPMJPMorgan Chase & Co. | $19M | 0.9% | +21.8% | 2.0 yr |
| CVXChevron Corporation | $19M | 0.9% | +29.2% | 1.5 yr |
| WELLWelltower Inc. | $18M | 0.8% | +31.2% | 1.5 yr |
| COPConocoPhillips | $18M | 0.8% | +30.0% | 2.0 yr |
| TSLATesla, Inc. | $17M | 0.8% | +43.4% | 1.8 yr |
| GEVGE Vernova Inc. | $16M | 0.8% | +186.8% | 1.8 yr |
| PLDPrologis, Inc. | $16M | 0.7% | +22.3% | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors8.6%+3.1pp$183M
Software - Infrastructure4.9%-0.5pp$105M
Consumer Electronics3.6%+0.0pp$77M
Regulated Electric3.2%+0.7pp$69M
Drug Manufacturers - General3.2%+1.0pp$68M
Internet Content & Information2.9%+0.6pp$63M
Aerospace & Defense2.8%+1.7pp$59M
Financial - Capital Markets2.4%+1.6pp$52M
Software - Application2.4%-0.7pp$51M
Specialty Retail2.4%-1.3pp$51M
Country
US96.6%+1.6pp
IE0.8%+0.5pp
TW0.5%-1.0pp
BM0.4%-0.1pp
CH0.4%-0.0pp
GB0.4%+0.3pp
SE0.3%-0.0pp
Unknown0.2%-0.7pp
Top 5: 12.0% · Top 10: 17.4% · Top 25: 27.6%
Top buys this quarter · 15
| CVX Chevron Corporation | +$11M |
| AMD Advanced Micro Devices, Inc. | +$7M |
| RTX RTX Corporation | +$7M |
| VZ Verizon Communications Inc. | +$7M |
| INTC Intel Corporation | +$7M |
| AMAT Applied Materials, Inc. | +$6M |
| GEV GE Vernova Inc. | +$5M |
| COP ConocoPhillips | +$5M |
| PIPR Piper Sandler Companiesnew | +$4M |
| PLTR Palantir Technologies Inc.new | +$4M |
Top sells this quarter · 15
| TSM Taiwan Semiconductor Manufactu | −$44M |
| TM Toyota Motor Corporationexit | −$13M |
| GOOG Alphabet Inc. | −$13M |
| AMZN Amazon.com, Inc. | −$12M |
| KO The Coca-Cola Company | −$8M |
| PEP PepsiCo, Inc. | −$8M |
| PG The Procter & Gamble Company | −$7M |
| UNH UnitedHealth Group Incorporate | −$6M |
| SPGI S&P Global Inc. | −$6M |
| TMUS T-Mobile US, Inc. | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.14B | 757 | +16.98% | +17.59% | -0.62% | -0.14B |
| 2025-12-31 | $2.31B | 747 | +14.51% | +17.72% | -3.21% | -0.14B |
| 2025-09-30 | $2.38B | 795 | +11.75% | +17.52% | -5.77% | -0.05B |
| 2025-06-30 | $2.27B | 819 | +0.63% | +14.94% | -14.31% | -0.13B |
| 2025-03-31 | $2.23B | 884 | -3.33% | +8.30% | -11.63% | -0.15B |
| 2024-12-31 | $2.47B | 870 | +16.56% | +24.89% | -8.32% | +2.31B |
| 2024-09-30 | $163M | 162 | -3.73% | +5.75% | -9.48% | -0.01B |
| 2024-06-30 | $180M | 77 | +3.65% | +4.38% | -0.73% | +0.01B |
| 2024-03-31 | $160M | 31 | +15.99% | +10.39% | +5.60% | +0.01B |
| 2023-12-31 | $128M | 28 | — | — | — | — |