Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.48%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.16%
baseline attrition
Rally response
+0.10%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $882M | 10.0% | +60.9% | 6.5 yr |
| MSFTMicrosoft Corporation | $576M | 6.5% | -0.6% | 6.5 yr |
| MAMastercard Incorporated | $479M | 5.4% | -8.5% | 6.5 yr |
| TSMTaiwan Semiconductor Man | $433M | 4.9% | +105.6% | 6.5 yr |
| TJXThe TJX Companies, Inc. | $385M | 4.4% | +32.7% | 1.5 yr |
| AVGOBroadcom Inc. | $345M | 3.9% | +86.0% | 0.8 yr |
| LLYEli Lilly and Company | $339M | 3.8% | +12.2% | 5.3 yr |
| NEENextEra Energy, Inc. | $337M | 3.8% | +34.9% | 6.5 yr |
| SHOPShopify Inc. | $317M | 3.6% | +24.2% | 2.3 yr |
| WMWaste Management, Inc. | $313M | 3.6% | +0.8% | 5.8 yr |
| EBAYeBay Inc. | $312M | 3.5% | +36.3% | 6.5 yr |
| ECLEcolab Inc. | $311M | 3.5% | +6.0% | 6.5 yr |
| TMOThermo Fisher Scientific | $302M | 3.4% | -0.9% | 6.5 yr |
| HUBBHubbell Incorporated | $283M | 3.2% | +50.1% | 1.0 yr |
| PANWPalo Alto Networks, Inc. | $257M | 2.9% | -6.0% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors18.8%+8.4pp$1.66B
Software - Infrastructure9.5%-1.2pp$833M
Medical - Devices6.6%+2.8pp$585M
Financial - Credit Services6.5%-3.5pp$577M
Electrical Equipment & Parts6.1%$539M
Medical - Diagnostics & Research5.7%-2.4pp$502M
Software - Application4.9%-4.4pp$433M
Apparel - Retail4.4%+2.9pp$385M
Industrial - Machinery4.0%-0.5pp$349M
Regulated Electric3.9%+0.6pp$340M
Country
US88.2%+0.4pp
TW4.9%+1.4pp
CA3.6%+1.3pp
Unknown1.7%-2.0pp
IE1.6%-1.2pp
Top 5: 31.3% · Top 10: 50.0% · Top 25: 88.9%
Top buys this quarter · 6
| VRT Vertiv Holdings Co | +$60M |
| AVGO Broadcom Inc. | +$57M |
| VLTO Veralto Corporation | +$56M |
| BSX Boston Scientific Corporation | +$52M |
| AGCO AGCO Corporation | +$49M |
| HUBB Hubbell Incorporated | +$48M |
Top sells this quarter · 15
| V Visa Inc. | −$135M |
| TSM Taiwan Semiconductor Manufactu | −$135M |
| ECL Ecolab Inc. | −$71M |
| ROP Roper Technologies, Inc.exit | −$68M |
| FSLR First Solar, Inc. | −$38M |
| NVDA NVIDIA Corporation | −$35M |
| MSFT Microsoft Corporation | −$24M |
| MA Mastercard Incorporated | −$19M |
| TJX The TJX Companies, Inc. | −$16M |
| LLY Eli Lilly and Company | −$15M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $8.81B | 42 | +11.04% | +17.59% | -6.55% | -0.36B |
| 2025-12-31 | $9.96B | 43 | +17.88% | +17.72% | +0.16% | -0.26B |
| 2025-09-30 | $9.90B | 36 | +11.47% | +17.52% | -6.04% | -0.39B |
| 2025-06-30 | $9.66B | 35 | +10.05% | +14.94% | -4.89% | +0.44B |
| 2025-03-31 | $8.42B | 34 | +3.60% | +8.30% | -4.70% | +0.27B |
| 2024-12-31 | $8.34B | 34 | +17.48% | +24.89% | -7.41% | -0.17B |
| 2024-09-30 | $8.72B | 33 | +34.10% | +36.04% | -1.93% | +0.26B |
| 2024-06-30 | $8.03B | 29 | +21.15% | +24.49% | -3.34% | +0.36B |
| 2024-03-31 | $7.44B | 27 | +27.46% | +29.62% | -2.16% | +0.08B |
| 2023-12-31 | $6.64B | 27 | +21.76% | +26.18% | -4.42% | +0.07B |
| 2023-09-30 | $5.90B | 26 | +21.66% | +21.57% | +0.09% | +0.19B |
| 2023-06-30 | $6.01B | 28 | +18.98% | +19.42% | -0.45% | +0.03B |
| 2023-03-31 | $5.51B | 27 | -7.30% | -7.82% | +0.52% | +0.24B |
| 2022-12-31 | $4.98B | 31 | +11.31% | +7.56% | +3.75% | +0.21B |
| 2022-09-30 | $4.28B | 29 | -7.04% | -4.93% | -2.11% | -0.04B |
| 2022-06-30 | $4.64B | 28 | -15.44% | -16.11% | +0.67% | +0.24B |