Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+5.16%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.79%
baseline attrition
Rally response
-8.76%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MSFTMicrosoft Corporation | $1.06B | 5.6% | -0.6% | 2.3 yr |
| — | $1.01B | 5.3% | — | 0.3 yr |
| AZNAstraZeneca PLC | $817M | 4.3% | +36.2% | 0.3 yr |
| MEOHMethanex Corporation | $747M | 4.0% | +72.7% | 2.3 yr |
| METAMeta Platforms, Inc. | $533M | 2.8% | -0.4% | 2.3 yr |
| GOOGLAlphabet Inc. | $465M | 2.5% | — | 2.3 yr |
| VFCV.F. Corporation | $438M | 2.3% | +12.0% | 2.3 yr |
| NEENextEra Energy, Inc. | $375M | 2.0% | +34.9% | 2.3 yr |
| AVGOBroadcom Inc. | $368M | 2.0% | +86.0% | 2.3 yr |
| BMYBristol-Myers Squibb Com | $352M | 1.9% | +3.4% | 2.3 yr |
| WFCWells Fargo & Company | $313M | 1.7% | +13.3% | 2.3 yr |
| MDTMedtronic plc | $292M | 1.6% | -1.3% | 2.3 yr |
| TOTB.DETotalEnergies SE | $292M | 1.6% | +41.2% | 0.5 yr |
| AAPLApple Inc. | $278M | 1.5% | +14.7% | 2.3 yr |
| EQIXEquinix, Inc. | $277M | 1.5% | +23.0% | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Drug Manufacturers - General8.0%+2.9pp$1.50B
Semiconductors7.3%+1.8pp$1.37B
Software - Infrastructure7.0%-0.3pp$1.31B
Unknown6.2%-0.7pp$1.17B
Internet Content & Information5.8%-1.3pp$1.09B
Chemicals4.0%+1.1pp$747M
Banks - Diversified3.5%+1.5pp$650M
Regulated Electric3.1%-1.4pp$576M
Financial - Credit Services2.9%-0.7pp$548M
Asset Management2.9%-1.3pp$540M
Country
US66.5%-6.1pp
CA7.5%+0.3pp
Unknown6.2%-0.7pp
GB5.2%+4.1pp
IE4.2%+0.1pp
CN2.6%-2.0pp
CH1.7%+0.7pp
FR1.6%
Top 5: 22.1% · Top 10: 32.7% · Top 25: 52.9%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$829M |
| MSFT Microsoft Corporation | +$1.06B |
| INTU Intuit Inc. | +$138M |
| AVGO Broadcom Inc. | +$123M |
| MICC The Magnum Ice Cream Company N | +$94M |
| MDT Medtronic plc | +$72M |
| V Visa Inc. | +$42M |
| ARES Ares Management Corporation | +$169M |
| WFC Wells Fargo & Company | +$313M |
| META Meta Platforms, Inc. | +$533M |
Top sells this quarter · 15
| LRCX Lam Research Corporation | −$182M |
| CME CME Group Inc. | −$92M |
| BMY Bristol-Myers Squibb Company | −$82M |
| NEE NextEra Energy, Inc. | −$69M |
| HTHT H World Group Limited | −$67M |
| BFAM Bright Horizons Family Solutio | −$53M |
| LNG Cheniere Energy, Inc. | −$125M |
| JCI Johnson Controls International | −$50M |
| CVE Cenovus Energy Inc. | −$50M |
| LOW Lowe's Companies, Inc. | −$39M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $18.83B | 354 | +13.63% | +17.59% | -3.96% | +0.36B |
| 2025-12-31 | $18.77B | 355 | +13.10% | +17.72% | -4.62% | +0.33B |
| 2025-09-30 | $18.10B | 348 | +10.76% | +17.52% | -6.76% | -0.68B |
| 2025-06-30 | $17.55B | 393 | +12.99% | +14.94% | -1.95% | +1.29B |
| 2025-03-31 | $15.37B | 412 | +4.81% | +8.30% | -3.50% | +0.01B |
| 2024-12-31 | $15.67B | 398 | -0.18% | +2.49% | -2.67% | -0.38B |
| 2024-09-30 | $16.08B | 387 | +9.17% | +5.75% | +3.41% | +0.19B |
| 2024-06-30 | $14.56B | 376 | -1.83% | +4.38% | -6.21% | +0.46B |
| 2024-03-31 | $14.36B | 347 | — | — | — | — |