Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.43%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.86%
steady accumulation
Rally response
+0.00%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MSFTMicrosoft Corporation | $426M | 7.5% | -0.6% | 6.5 yr |
| NVDANVIDIA Corporation | $406M | 7.1% | +60.9% | 6.5 yr |
| AMZNAmazon.com, Inc. | $362M | 6.4% | +9.5% | 5.5 yr |
| GOOGLAlphabet Inc. | $311M | 5.5% | — | 5.8 yr |
| AAPLApple Inc. | $307M | 5.4% | +14.7% | 5.5 yr |
| VVisa Inc. | $244M | 4.3% | -13.1% | 6.5 yr |
| JPMJPMorgan Chase & Co. | $211M | 3.7% | +21.8% | 5.8 yr |
| AMDAdvanced Micro Devices, | $170M | 3.0% | +98.0% | 5.5 yr |
| PANWPalo Alto Networks, Inc. | $167M | 2.9% | -6.0% | 6.5 yr |
| NFLXNetflix, Inc. | $144M | 2.5% | +3.1% | 6.5 yr |
| MRKMerck & Co., Inc. | $143M | 2.5% | +38.9% | 5.8 yr |
| TMOThermo Fisher Scientific | $142M | 2.5% | -0.9% | 6.5 yr |
| METAMeta Platforms, Inc. | $139M | 2.4% | -0.4% | 6.5 yr |
| ROKRockwell Automation, Inc | $130M | 2.3% | +41.0% | 5.8 yr |
| BRK-BBerkshire Hathaway Inc. | $118M | 2.1% | — | 6.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors12.0%+2.7pp$681M
Software - Infrastructure10.4%-0.5pp$594M
Internet Content & Information8.3%+2.6pp$474M
Specialty Retail6.5%-0.3pp$368M
Consumer Electronics5.4%-0.1pp$307M
Banks - Diversified5.3%+0.1pp$299M
Financial - Credit Services5.2%-1.0pp$297M
Industrial - Machinery4.6%+0.3pp$260M
Drug Manufacturers - General4.5%-0.5pp$255M
Oil & Gas Integrated3.8%+0.8pp$215M
Country
US97.4%+2.0pp
Unknown1.9%+0.6pp
GB0.3%-0.0pp
CA0.2%-0.2pp
CN0.1%-0.0pp
NL0.0%+0.0pp
KY0.0%
SG0.0%
Top 5: 31.8% · Top 10: 48.3% · Top 25: 78.4%
Top buys this quarter · 15
| HON Honeywell International Inc. | +$39M |
| NVDA NVIDIA Corporation | +$32M |
| SUNB Sunbelt Rentals Holdings Incnew | +$27M |
| MSFT Microsoft Corporation | +$426M |
| ARES Ares Management Corporation | +$97M |
| CVX Chevron Corporation | +$20M |
| INTU Intuit Inc. | +$95M |
| AMZN Amazon.com, Inc. | +$362M |
| PANW Palo Alto Networks, Inc. | +$167M |
| AVGO Broadcom Inc. | +$16M |
Top sells this quarter · 15
| TSM Taiwan Semiconductor Manufactuexit | −$191M |
| URI United Rentals, Inc. | −$40M |
| SBS Companhia de Saneamento Básicexit | −$19M |
| MU Micron Technology, Inc. | −$8M |
| META Meta Platforms, Inc. | −$4M |
| CAT Caterpillar Inc. | −$22M |
| PFE Pfizer Inc. | −$20M |
| ECL Ecolab Inc. | −$2M |
| WTS Watts Water Technologies, Inc. | −$2M |
| UNP Union Pacific Corporation | −$35M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $5.70B | 124 | +14.68% | +17.59% | -2.91% | +0.12B |
| 2025-12-31 | $5.96B | 129 | +16.52% | +17.72% | -1.20% | -0.04B |
| 2025-09-30 | $5.82B | 126 | +15.46% | +17.52% | -2.06% | +0.05B |
| 2025-06-30 | $5.48B | 129 | +14.34% | +14.94% | -0.60% | +0.04B |
| 2025-03-31 | $4.82B | 124 | +3.19% | +8.30% | -5.11% | -0.00B |
| 2024-12-31 | $5.06B | 123 | +29.17% | +24.89% | +4.29% | +0.07B |
| 2024-09-30 | $4.90B | 124 | +43.79% | +36.04% | +7.75% | +0.25B |
| 2024-06-30 | $4.46B | 117 | +33.29% | +24.49% | +8.80% | +0.15B |
| 2024-03-31 | $4.23B | 120 | +42.04% | +29.62% | +12.42% | +0.61B |
| 2023-12-31 | $3.04B | 119 | +27.04% | +26.18% | +0.86% | -1.56B |
| 2023-09-30 | $4.05B | 46 | +20.80% | +21.57% | -0.76% | -0.33B |
| 2023-06-30 | $4.53B | 45 | +19.35% | +19.42% | -0.07% | -0.40B |
| 2023-03-31 | $4.54B | 45 | -7.57% | -7.82% | +0.25% | +1.30B |
| 2022-12-31 | $3.04B | 115 | +7.92% | +7.56% | +0.36% | +0.03B |
| 2022-09-30 | $2.79B | 123 | -4.49% | -4.93% | +0.44% | -0.04B |
| 2022-06-30 | $2.96B | 122 | -15.84% | -16.11% | +0.27% | -0.14B |