Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.78%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.68%
steady accumulation
Rally response
+2.10%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $1.70B | 18.3% | +60.9% | 2.3 yr |
| GOOGLAlphabet Inc. | $1.08B | 11.6% | — | 2.3 yr |
| APOApollo Global Management | $1.00B | 10.8% | -17.4% | 2.3 yr |
| IVViShares Core S&P 500 ETF | $1.00B | 10.8% | — | 2.3 yr |
| AVGOBroadcom Inc. | $483M | 5.2% | +86.0% | 2.3 yr |
| AMZNAmazon.com, Inc. | $375M | 4.0% | +9.5% | 2.3 yr |
| VOOVanguard S&P 500 ETF | $308M | 3.3% | — | 2.3 yr |
| GOOGAlphabet Inc. | $236M | 2.5% | +84.3% | 2.3 yr |
| BXBlackstone Inc. | $227M | 2.5% | -14.9% | 2.3 yr |
| CVNACarvana Co. | $207M | 2.2% | +50.4% | 2.3 yr |
| AGGiShares Core U.S. Aggreg | $179M | 1.9% | — | 2.3 yr |
| MSFTMicrosoft Corporation | $170M | 1.8% | -0.6% | 2.3 yr |
| IEFAiShares Core MSCI EAFE E | $160M | 1.7% | — | 2.3 yr |
| SPYState Street SPDR S&P 50 | $109M | 1.2% | +17.6% | 2.3 yr |
| VOVanguard Mid-Cap ETF | $102M | 1.1% | — | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management42.7%-10.1pp$3.96B
Semiconductors25.2%-0.0pp$2.33B
Internet Content & Information14.4%+6.7pp$1.33B
Specialty Retail4.3%+2.8pp$398M
Auto - Dealerships2.2%-0.0pp$207M
Software - Infrastructure2.2%+1.0pp$206M
Asset Management - Bonds0.9%-0.1pp$85M
Aerospace & Defense0.7%+0.5pp$69M
Travel Services0.7%-0.3pp$61M
Banks - Diversified0.5%+0.4pp$42M
Country
US97.2%-1.0pp
TW1.0%+0.3pp
NL0.5%
BR0.4%+0.4pp
Unknown0.2%-0.1pp
IE0.2%-0.0pp
KR0.2%-0.0pp
CA0.1%-0.0pp
Top 5: 56.8% · Top 10: 71.5% · Top 25: 86.2%
Top buys this quarter · 15
| AMZN Amazon.com, Inc. | +$115M |
| ASML ASML Holding N.V. | +$48M |
| BX Blackstone Inc. | +$227M |
| MDLN Medline Inc.new | +$25M |
| SUNB Sunbelt Rentals Holdings Incnew | +$5M |
| ZTS Zoetis Inc.new | +$4M |
| BTSG BrightSpring Health Services, | +$2M |
| SAP SAP SEnew | +$2M |
| LNG Cheniere Energy, Inc.new | +$2M |
| TECH Bio-Techne Corporation | +$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $9.26B | 363 | +23.83% | +17.59% | +6.24% | +0.52B |
| 2025-12-31 | $10.06B | 384 | +20.56% | +17.72% | +2.84% | +0.93B |
| 2025-09-30 | $8.89B | 319 | +35.66% | +17.52% | +18.15% | +0.69B |
| 2025-06-30 | $7.41B | 282 | +27.54% | +14.94% | +12.60% | -0.29B |
| 2025-03-31 | $6.14B | 264 | +7.00% | +8.30% | -1.30% | +0.31B |
| 2024-12-31 | $6.89B | 268 | +15.66% | +2.49% | +13.17% | +0.56B |
| 2024-09-30 | $5.47B | 252 | +3.92% | +5.75% | -1.83% | +0.06B |
| 2024-06-30 | $5.20B | 257 | +5.25% | +4.38% | +0.87% | +0.43B |
| 2024-03-31 | $4.54B | 268 | — | — | — | — |