Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-7.44%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.44%
baseline attrition
Rally response
+0.81%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $532M | 6.5% | +14.7% | 6.8 yr |
| GOOGLAlphabet Inc. | $453M | 5.6% | — | 6.8 yr |
| COSTCostco Wholesale Corpora | $425M | 5.2% | +5.9% | 6.8 yr |
| MSFTMicrosoft Corporation | $361M | 4.4% | -0.6% | 6.8 yr |
| NVDANVIDIA Corporation | $339M | 4.2% | +60.9% | 6.8 yr |
| VVisa Inc. | $325M | 4.0% | -13.1% | 6.8 yr |
| AMZNAmazon.com, Inc. | $235M | 2.9% | +9.5% | 6.8 yr |
| ECLEcolab Inc. | $192M | 2.4% | +6.0% | 6.8 yr |
| TJXThe TJX Companies, Inc. | $187M | 2.3% | +32.7% | 6.8 yr |
| ETNEaton Corporation plc | $183M | 2.3% | +33.2% | 6.8 yr |
| AVGOBroadcom Inc. | $178M | 2.2% | +86.0% | 6.8 yr |
| JPMJPMorgan Chase & Co. | $171M | 2.1% | +21.8% | 6.8 yr |
| IDXXIDEXX Laboratories, Inc. | $148M | 1.8% | +33.8% | 6.8 yr |
| GOOGAlphabet Inc. | $146M | 1.8% | +84.3% | 6.8 yr |
| MTDMettler-Toledo Internati | $136M | 1.7% | +6.8% | 6.8 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information8.1%+4.1pp$656M
Semiconductors7.8%+3.1pp$633M
Consumer Electronics6.5%+0.5pp$533M
Asset Management6.5%+0.4pp$529M
Discount Stores5.3%-0.1pp$429M
Medical - Diagnostics & Research5.1%-0.3pp$416M
Software - Infrastructure4.8%-0.0pp$393M
Financial - Credit Services4.6%-1.0pp$371M
Industrial - Machinery4.5%+0.6pp$362M
Specialty Retail4.4%+0.2pp$357M
Country
US94.3%+2.3pp
IE3.6%-2.0pp
CH0.8%-0.4pp
CA0.6%+0.1pp
BM0.3%+0.0pp
Unknown0.2%+0.1pp
GB0.1%-0.1pp
NL0.0%+0.0pp
Top 5: 25.9% · Top 10: 39.7% · Top 25: 62.4%
Top buys this quarter · 15
| IBM International Business Machine | +$23M |
| WMB The Williams Companies, Inc. | +$15M |
| META Meta Platforms, Inc. | +$14M |
| IQV IQVIA Holdings Inc. | +$9M |
| AAPL Apple Inc. | +$532M |
| JPM JPMorgan Chase & Co. | +$171M |
| MTD Mettler-Toledo International I | +$136M |
| ROK Rockwell Automation, Inc. | +$3M |
| VLTO Veralto Corporation | +$2M |
| TTEK Tetra Tech, Inc. | +$2M |
Top sells this quarter · 15
| VCT.L Victrex plc | −$67M |
| ROP Roper Technologies, Inc. | −$60M |
| 0R15.L SoftBank Group Corp.exit | −$32M |
| INTU Intuit Inc. | −$30M |
| ACN Accenture plc | −$27M |
| APO Apollo Global Management, Inc. | −$22M |
| DELL Dell Technologies Inc. | −$20M |
| HD The Home Depot, Inc. | −$19M |
| ZTS Zoetis Inc. | −$11M |
| MSFT Microsoft Corporation | −$11M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $8.14B | 512 | +4.68% | +17.59% | -12.91% | -0.15B |
| 2025-12-31 | $8.85B | 517 | +6.50% | +17.72% | -11.22% | +0.08B |
| 2025-09-30 | $8.74B | 509 | +7.23% | +17.52% | -10.29% | +0.10B |
| 2025-06-30 | $8.36B | 509 | +8.60% | +14.94% | -6.34% | -0.07B |
| 2025-03-31 | $7.83B | 500 | +0.57% | +8.30% | -7.73% | -0.08B |
| 2024-12-31 | $8.29B | 501 | +10.70% | +24.89% | -14.18% | -0.33B |
| 2024-09-30 | $8.53B | 541 | +20.76% | +36.04% | -15.28% | +0.10B |
| 2024-06-30 | $8.06B | 520 | +12.18% | +24.49% | -12.31% | +0.22B |
| 2024-03-31 | $7.86B | 547 | +15.63% | +29.62% | -13.99% | +0.37B |
| 2023-12-31 | $7.14B | 542 | +17.00% | +26.18% | -9.17% | -0.03B |
| 2023-09-30 | $6.51B | 550 | +12.60% | +21.57% | -8.97% | +0.02B |
| 2023-06-30 | $6.68B | 534 | +9.95% | +19.42% | -9.47% | +0.11B |
| 2023-03-31 | $6.38B | 574 | -7.17% | -7.82% | +0.65% | +0.04B |
| 2022-12-31 | $5.97B | 570 | -16.58% | -18.17% | +1.59% | -0.12B |
| 2022-09-30 | $5.75B | 576 | -12.68% | -15.51% | +2.83% | -0.12B |
| 2022-06-30 | $6.18B | 581 | -7.44% | -10.62% | +3.19% | -0.06B |