Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.17%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.86%
steady accumulation
Rally response
+12.31%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $653M | 6.4% | +60.9% | 6.3 yr |
| AAPLApple Inc. | $599M | 5.9% | +14.7% | 6.3 yr |
| MSFTMicrosoft Corporation | $408M | 4.0% | -0.6% | 6.3 yr |
| GOOGLAlphabet Inc. | $335M | 3.3% | — | 6.3 yr |
| AMZNAmazon.com, Inc. | $291M | 2.9% | +9.5% | 6.3 yr |
| AVGOBroadcom Inc. | $250M | 2.5% | +86.0% | 6.3 yr |
| METAMeta Platforms, Inc. | $189M | 1.9% | -0.4% | 6.3 yr |
| GOOGAlphabet Inc. | $161M | 1.6% | +84.3% | 6.3 yr |
| JPMJPMorgan Chase & Co. | $148M | 1.5% | +21.8% | 6.3 yr |
| TSLATesla, Inc. | $146M | 1.4% | +43.4% | 6.3 yr |
| LLYEli Lilly and Company | $130M | 1.3% | +12.2% | 6.3 yr |
| BRK-BBerkshire Hathaway Inc. | $115M | 1.1% | — | 6.3 yr |
| WMTWalmart Inc. | $98M | 1.0% | +42.8% | 6.3 yr |
| XOMExxon Mobil Corporation | $97M | 1.0% | +47.6% | 6.3 yr |
| VVisa Inc. | $87M | 0.9% | -13.1% | 6.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.6%+4.6pp$1.39B
Internet Content & Information6.9%+1.4pp$707M
Consumer Electronics6.0%-0.4pp$611M
Software - Infrastructure5.9%-1.0pp$600M
Drug Manufacturers - General4.7%+0.2pp$477M
Specialty Retail3.7%-0.4pp$376M
Banks - Diversified3.4%+0.2pp$344M
Financial - Credit Services2.2%-0.6pp$228M
Aerospace & Defense2.2%+0.5pp$221M
Software - Application2.1%-1.2pp$217M
Country
US91.1%-0.0pp
GB1.4%-0.1pp
IE1.2%-0.3pp
CA1.2%+0.2pp
TW0.6%+0.3pp
CH0.6%-0.0pp
Unknown0.5%-0.1pp
JP0.4%-0.2pp
Top 5: 22.4% · Top 10: 31.2% · Top 25: 42.6%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$653M |
| AZN AstraZeneca PLCnew | +$14M |
| AAPL Apple Inc. | +$599M |
| COST Costco Wholesale Corporation | +$9M |
| LLY Eli Lilly and Company | +$130M |
| EQIX Equinix, Inc. | +$6M |
| XOM Exxon Mobil Corporation | +$6M |
| JPM JPMorgan Chase & Co. | +$148M |
| TSM Taiwan Semiconductor Manufactu | +$5M |
| GS The Goldman Sachs Group, Inc. | +$5M |
Top sells this quarter · 15
| MSFT Microsoft Corporation | −$14M |
| EPD Enterprise Products Partners L | −$5M |
| UNH UnitedHealth Group Incorporate | −$3M |
| QCOM QUALCOMM Incorporated | −$2M |
| ACN Accenture plc | −$2M |
| SPY State Street SPDR S&P 500 ETF | −$2M |
| EXAS Exact Sciences Corporationexit | −$2M |
| DHR Danaher Corporation | −$2M |
| CTSH Cognizant Technology Solutions | −$2M |
| IBM International Business Machine | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $10.19B | 2161 | +18.69% | +17.59% | +1.10% | +0.31B |
| 2025-12-31 | $10.25B | 1972 | +17.41% | +17.72% | -0.31% | +0.28B |
| 2025-09-30 | $9.76B | 1982 | +17.23% | +17.52% | -0.29% | +0.17B |
| 2025-06-30 | $8.86B | 1942 | +14.81% | +14.94% | -0.13% | +1.30B |
| 2025-03-31 | $6.78B | 1836 | +4.71% | +8.30% | -3.59% | +0.47B |
| 2024-12-31 | $6.62B | 1803 | +18.75% | +24.89% | -6.13% | +0.29B |
| 2024-09-30 | $6.21B | 1771 | +30.16% | +36.04% | -5.88% | +0.64B |
| 2024-06-30 | $5.25B | 1688 | +18.35% | +24.49% | -6.14% | +0.51B |
| 2024-03-31 | $4.66B | 1628 | +25.12% | +29.62% | -4.51% | +0.45B |
| 2023-12-31 | $3.90B | 1557 | +24.10% | +26.18% | -2.08% | +0.16B |
| 2023-09-30 | $3.34B | 1479 | +18.35% | +21.57% | -3.22% | +0.20B |
| 2023-06-30 | $3.26B | 1465 | +17.43% | +19.42% | -2.00% | +0.17B |
| 2023-03-31 | $2.88B | 1464 | -7.78% | -7.82% | +0.04% | +0.28B |
| 2022-12-31 | $2.42B | 1278 | -17.92% | -18.17% | +0.25% | +0.07B |
| 2022-09-30 | $2.21B | 1229 | -14.46% | -15.51% | +1.05% | +0.15B |
| 2022-06-30 | $2.16B | 1260 | -10.03% | -10.62% | +0.59% | +0.41B |