Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+19.49%
adds when stocks drop
when a holding falls −10%+
Middle response
-5.32%
baseline attrition
Rally response
-18.20%
trims into rallies
when a holding rises +10%+
Top positions · 15
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MSFTMicrosoft Corporation | $436M | 14.8% | -0.6% | 4.0 yr |
| SUNBSunbelt Rentals Holdings | $308M | 10.5% | — | 0.3 yr |
| MAMastercard Incorporated | $291M | 9.9% | -8.5% | 4.8 yr |
| STTState Street Corporation | $285M | 9.7% | +44.6% | 7.5 yr |
| RYAAYRyanair Holdings plc | $228M | 7.7% | — | 4.3 yr |
| TXNTexas Instruments Incorp | $227M | 7.7% | +11.4% | 7.0 yr |
| NWSANews Corporation | $220M | 7.5% | -7.7% | 6.0 yr |
| CMCSAComcast Corporation | $218M | 7.4% | — | 6.3 yr |
| SNXTD SYNNEX Corporation | $216M | 7.3% | +64.5% | 1.0 yr |
| HCAHCA Healthcare, Inc. | $146M | 5.0% | +37.9% | 2.5 yr |
| TSMTaiwan Semiconductor Man | $117M | 4.0% | +105.6% | 3.3 yr |
| VVisa Inc. | $111M | 3.8% | -13.1% | 6.3 yr |
| CCKCrown Holdings, Inc. | $84M | 2.8% | +13.6% | 2.0 yr |
| DISThe Walt Disney Company | $31M | 1.0% | -1.3% | 0.3 yr |
| NWSNews Corporation | $30M | 1.0% | -5.5% | 6.0 yr |
Portfolio composition (YoY)
Industry mix
Financial - Credit Services24.1%+14.4pp$710M
Software - Infrastructure14.8%+0.4pp$436M
Semiconductors11.7%-2.0pp$343M
Asset Management9.7%-3.7pp$285M
Entertainment9.5%+3.8pp$280M
Airlines, Airports & Air Services7.7%+0.3pp$228M
Telecommunications Services7.4%-1.1pp$218M
Technology Distributors7.3%$216M
Medical - Care Facilities5.0%+0.6pp$146M
Packaging & Containers2.8%-5.1pp$84M
Country
US88.3%-0.4pp
IE7.7%+0.3pp
TW4.0%+0.1pp
Top 5: 52.5% · Top 10: 87.4% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.95B | 15 | +16.48% | +17.59% | -1.11% | +0.05B |
| 2025-12-31 | $3.13B | 15 | +23.87% | +17.72% | +6.15% | -0.09B |
| 2025-09-30 | $3.18B | 16 | +29.56% | +17.52% | +12.04% | -0.10B |
| 2025-06-30 | $3.15B | 17 | +35.47% | +14.94% | +20.52% | -0.06B |
| 2025-03-31 | $2.69B | 15 | +16.15% | +8.30% | +7.84% | -0.12B |
| 2024-12-31 | $2.85B | 14 | +25.95% | +24.89% | +1.06% | -0.21B |
| 2024-09-30 | $2.89B | 16 | +34.34% | +36.04% | -1.69% | -0.08B |
| 2024-06-30 | $2.73B | 17 | +21.01% | +24.49% | -3.48% | -0.12B |
| 2024-03-31 | $2.79B | 16 | +27.01% | +29.62% | -2.61% | -0.09B |
| 2023-12-31 | $2.70B | 16 | +31.52% | +26.18% | +5.34% | -0.18B |
| 2023-09-30 | $2.54B | 16 | +39.22% | +21.57% | +17.66% | -0.01B |
| 2023-06-30 | $2.61B | 16 | +34.71% | +19.42% | +15.29% | +0.05B |
| 2023-03-31 | $2.38B | 15 | +1.85% | -7.82% | +9.66% | +0.11B |
| 2022-12-31 | $2.05B | 15 | +19.64% | +7.56% | +12.08% | +0.02B |
| 2022-09-30 | $1.69B | 15 | -5.23% | -4.93% | -0.30% | -0.09B |
| 2022-06-30 | $1.88B | 15 | -18.82% | -16.11% | -2.71% | +0.55B |