Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.42%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.04%
steady accumulation
Rally response
+2.01%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $498M | 2.7% | +60.9% | 1.8 yr |
| MSFTMicrosoft Corporation | $363M | 2.0% | -0.6% | 2.0 yr |
| IVViShares Core S&P 500 ETF | $314M | 1.7% | — | 2.0 yr |
| VUGVanguard Growth ETF | $305M | 1.7% | — | 2.0 yr |
| SPYState Street SPDR S&P 50 | $256M | 1.4% | +17.6% | 2.0 yr |
| GOOGLAlphabet Inc. | $251M | 1.4% | — | 2.0 yr |
| VOOVanguard S&P 500 ETF | $245M | 1.3% | — | 2.0 yr |
| VTVVanguard Value ETF | $243M | 1.3% | — | 2.0 yr |
| LLYEli Lilly and Company | $223M | 1.2% | +12.2% | 2.0 yr |
| AVGOBroadcom Inc. | $221M | 1.2% | +86.0% | 2.0 yr |
| JPMJPMorgan Chase & Co. | $211M | 1.2% | +21.8% | 2.0 yr |
| IVEiShares S&P 500 Value ET | $190M | 1.0% | — | 2.0 yr |
| XOMExxon Mobil Corporation | $174M | 0.9% | +47.6% | 2.0 yr |
| METAMeta Platforms, Inc. | $162M | 0.9% | -0.4% | 2.0 yr |
| IVWiShares S&P 500 Growth E | $159M | 0.9% | — | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management45.2%+0.5pp$8.27B
Semiconductors5.6%+1.5pp$1.02B
Asset Management - Bonds5.1%-0.1pp$928M
Drug Manufacturers - General3.2%-0.2pp$593M
Software - Infrastructure3.2%-0.3pp$588M
Internet Content & Information3.2%+0.6pp$583M
Banks - Diversified1.7%+0.0pp$311M
Aerospace & Defense1.6%-0.1pp$298M
Oil & Gas Integrated1.6%+0.2pp$297M
Discount Stores1.4%-0.1pp$256M
Country
US95.5%-0.6pp
Unknown1.0%+0.6pp
IE0.6%-0.2pp
GB0.6%+0.0pp
CA0.6%+0.1pp
TW0.4%+0.2pp
CH0.3%+0.0pp
NL0.2%+0.1pp
Top 5: 9.5% · Top 10: 15.9% · Top 25: 27.9%
Top buys this quarter · 15
| CVX Chevron Corporation | +$16M |
| SLB SLB N.V. | +$12M |
| GOOG Alphabet Inc. | +$153M |
| VLO Valero Energy Corporation | +$9M |
| MU Micron Technology, Inc. | +$7M |
| META Meta Platforms, Inc. | +$162M |
| INTC Intel Corporation | +$6M |
| MRK Merck & Co., Inc. | +$6M |
| UNH UnitedHealth Group Incorporate | +$50M |
| PNC The PNC Financial Services Gro | +$5M |
Top sells this quarter · 15
| ORCL Oracle Corporation | −$13M |
| AVGO Broadcom Inc. | −$7M |
| LNG Cheniere Energy, Inc. | −$7M |
| HEI HEICO Corporation | −$6M |
| ACN Accenture plc | −$6M |
| NVDA NVIDIA Corporation | −$6M |
| V Visa Inc. | −$6M |
| HLT Hilton Worldwide Holdings Inc. | −$6M |
| WMB The Williams Companies, Inc. | −$30M |
| SPY State Street SPDR S&P 500 ETF | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $18.32B | 2503 | +17.82% | +17.59% | +0.22% | +0.49B |
| 2025-12-31 | $18.17B | 2392 | +17.10% | +17.72% | -0.62% | +0.54B |
| 2025-09-30 | $17.40B | 2574 | +16.39% | +17.52% | -1.13% | +0.29B |
| 2025-06-30 | $16.03B | 2330 | +15.81% | +14.94% | +0.87% | +0.39B |
| 2025-03-31 | $14.10B | 2169 | -2.44% | -4.27% | +1.83% | -1.22B |
| 2024-12-31 | $15.70B | 2369 | +0.73% | +2.49% | -1.76% | -0.06B |
| 2024-09-30 | $15.65B | 2346 | +6.26% | +5.75% | +0.51% | +1.37B |
| 2024-06-30 | $13.44B | 2313 | — | — | — | — |