Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.44%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.16%
baseline attrition
Rally response
-4.00%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $152M | 6.2% | +60.9% | 7.5 yr |
| MSFTMicrosoft Corporation | $70M | 2.8% | -0.6% | 7.5 yr |
| CDNSCadence Design Systems, | $64M | 2.6% | +9.3% | 2.0 yr |
| NOWServiceNow, Inc. | $64M | 2.6% | -34.3% | 4.3 yr |
| SNPSSynopsys, Inc. | $60M | 2.4% | -7.5% | 0.5 yr |
| ECLEcolab Inc. | $54M | 2.2% | +6.0% | 7.5 yr |
| AVGOBroadcom Inc. | $53M | 2.1% | +86.0% | 1.0 yr |
| GOOGLAlphabet Inc. | $52M | 2.1% | — | 3.3 yr |
| CRWDCrowdStrike Holdings, In | $46M | 1.9% | +10.7% | 0.3 yr |
| BSYBentley Systems, Incorpo | $44M | 1.8% | -10.2% | 3.8 yr |
| ISRGIntuitive Surgical, Inc. | $42M | 1.7% | -6.9% | 7.3 yr |
| SNOWSnowflake Inc. | $39M | 1.6% | +3.2% | 0.3 yr |
| WMWaste Management, Inc. | $38M | 1.6% | +0.8% | 7.3 yr |
| VRTVertiv Holdings Co | $38M | 1.5% | +247.5% | 1.5 yr |
| NVTnVent Electric plc | $38M | 1.5% | +127.9% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Software - Application14.7%+8.8pp$363M
Semiconductors11.1%+5.9pp$273M
Software - Infrastructure10.8%+3.8pp$266M
Industrial - Machinery6.4%+1.9pp$157M
Medical - Devices5.8%+2.3pp$142M
Waste Management4.1%+1.3pp$100M
Electrical Equipment & Parts3.8%+2.9pp$92M
Hardware, Equipment & Parts3.7%+0.2pp$92M
Medical - Diagnostics & Research3.6%-10.7pp$89M
Chemicals - Specialty2.7%-6.8pp$67M
Country
US91.0%+2.4pp
GB3.4%+1.9pp
IE2.1%-5.5pp
CA1.3%+0.4pp
NL0.6%
IL0.5%-0.1pp
Unknown0.5%+0.2pp
SG0.4%-0.1pp
Top 5: 16.7% · Top 10: 26.8% · Top 25: 47.6%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$107M |
| NOW ServiceNow, Inc. | +$60M |
| SNPS Synopsys, Inc. | +$60M |
| CDNS Cadence Design Systems, Inc. | +$52M |
| AVGO Broadcom Inc. | +$49M |
| CRWD CrowdStrike Holdings, Inc.new | +$46M |
| SNOW Snowflake Inc.new | +$39M |
| NVT nVent Electric plcnew | +$38M |
| MSFT Microsoft Corporation | +$38M |
| CLH Clean Harbors, Inc.new | +$37M |
Top sells this quarter · 15
| ACN Accenture plc | −$10M |
| UNP Union Pacific Corporation | −$8M |
| IFF International Flavors & Fragraexit | −$7M |
| GM General Motors Company | −$6M |
| AXP American Express Company | −$5M |
| CRM Salesforce, Inc. | −$4M |
| V Visa Inc. | −$4M |
| EL The Estée Lauder Companies Inexit | −$4M |
| WTS Watts Water Technologies, Inc. | −$3M |
| WDAY Workday, Inc.exit | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.46B | 179 | +2.10% | +17.59% | -15.49% | +1.83B |
| 2025-12-31 | $694M | 92 | +6.60% | +17.72% | -11.12% | -0.02B |
| 2025-09-30 | $707M | 111 | -0.32% | +17.52% | -17.84% | -0.03B |
| 2025-06-30 | $709M | 119 | +3.73% | +14.94% | -11.21% | +0.12B |
| 2025-03-31 | $556M | 134 | -3.94% | +8.30% | -12.24% | +0.00B |
| 2024-12-31 | $580M | 129 | +6.29% | +24.89% | -18.60% | +0.03B |
| 2024-09-30 | $579M | 120 | +22.82% | +36.04% | -13.21% | -0.01B |
| 2024-06-30 | $547M | 123 | +1.33% | +24.49% | -23.16% | -0.01B |
| 2024-03-31 | $565M | 135 | +2.40% | +29.62% | -27.22% | +0.05B |
| 2023-12-31 | $488M | 126 | +0.65% | +26.18% | -25.53% | -0.05B |
| 2023-09-30 | $497M | 126 | -5.17% | +21.57% | -26.74% | -0.01B |
| 2023-06-30 | $568M | 163 | +3.48% | +19.42% | -15.95% | -0.12B |
| 2023-03-31 | $693M | 164 | -9.84% | -7.82% | -2.02% | +0.03B |
| 2022-12-31 | $639M | 181 | +2.94% | +7.56% | -4.62% | +0.03B |
| 2022-09-30 | $594M | 171 | -2.71% | -4.93% | +2.22% | -0.09B |
| 2022-06-30 | $704M | 171 | -13.60% | -16.11% | +2.51% | +0.06B |