Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.71%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.59%
baseline attrition
Rally response
+2.74%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $74M | 16.2% | +14.7% | 5.8 yr |
| BRK-BBerkshire Hathaway Inc. | $56M | 12.4% | — | 5.5 yr |
| AMZNAmazon.com, Inc. | $42M | 9.3% | +9.5% | 5.8 yr |
| GOOGAlphabet Inc. | $27M | 5.9% | +84.3% | 5.8 yr |
| TSLATesla, Inc. | $20M | 4.3% | +43.4% | 5.8 yr |
| GEGE Aerospace | $17M | 3.7% | +42.5% | 4.8 yr |
| METAMeta Platforms, Inc. | $13M | 2.9% | -0.4% | 5.8 yr |
| ASMLASML Holding N.V. | $13M | 2.8% | +100.9% | 1.3 yr |
| MSFTMicrosoft Corporation | $11M | 2.5% | -0.6% | 5.8 yr |
| USBU.S. Bancorp | $11M | 2.5% | +27.1% | 5.8 yr |
| NVDANVIDIA Corporation | $11M | 2.4% | +60.9% | 3.5 yr |
| SOThe Southern Company | $9M | 2.1% | +8.4% | 5.8 yr |
| RJFRaymond James Financial, | $9M | 2.0% | +5.2% | 3.5 yr |
| GEVGE Vernova Inc. | $9M | 1.9% | +186.8% | 2.0 yr |
| APOApollo Global Management | $8M | 1.7% | -17.4% | 4.3 yr |
Portfolio composition (YoY)
Industry mix
Consumer Electronics16.2%-2.2pp$74M
Insurance - Diversified12.8%-3.8pp$58M
Specialty Retail9.4%-3.0pp$43M
Internet Content & Information9.2%+1.8pp$42M
Semiconductors6.6%+4.1pp$30M
Financial - Capital Markets4.7%-0.7pp$21M
Auto - Manufacturers4.3%+2.1pp$20M
Banks - Diversified4.2%-0.6pp$19M
Asset Management4.1%+0.3pp$19M
Aerospace & Defense4.1%+0.8pp$19M
Country
US94.1%-4.3pp
NL2.8%+2.1pp
CH1.5%
CA0.5%+0.1pp
TW0.5%+0.2pp
Unknown0.5%+0.5pp
CN0.1%-0.1pp
BE0.1%+0.0pp
Top 5: 48.1% · Top 10: 62.4% · Top 25: 83.3%
Top buys this quarter · 15
| TSLA Tesla, Inc. | +$20M |
| AMZN Amazon.com, Inc. | +$42M |
| BA The Boeing Company | +$1M |
| MSFT Microsoft Corporation | +$11M |
| AAPL Apple Inc. | +$74M |
| GOOG Alphabet Inc. | +$27M |
| NVDA NVIDIA Corporation | +$11M |
| MRVL Marvell Technology, Inc. | +$0M |
| PRK Park National Corporationnew | +$0M |
| META Meta Platforms, Inc. | +$13M |
Top sells this quarter · 15
| ARI Apollo Commercial Real Estate exit | −$2M |
| VZ Verizon Communications Inc.exit | −$1M |
| PNFP Pinnacle Financial Partners, Iexit | −$1M |
| ESLT Elbit Systems Ltd.exit | −$1M |
| KO The Coca-Cola Company | −$1M |
| RF Regions Financial Corporationexit | −$0M |
| MU Micron Technology, Inc. | −$3M |
| AVGO Broadcom Inc.exit | −$0M |
| MCD McDonald's Corporation | −$0M |
| CRM Salesforce, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $455M | 111 | +23.53% | +17.59% | +5.94% | +0.00B |
| 2025-12-31 | $480M | 115 | +21.00% | +17.72% | +3.28% | -0.00B |
| 2025-09-30 | $461M | 110 | +27.38% | +17.52% | +9.87% | -0.02B |
| 2025-06-30 | $425M | 107 | +20.37% | +14.94% | +5.43% | -0.02B |
| 2025-03-31 | $402M | 104 | +17.34% | +8.30% | +9.03% | +0.07B |
| 2024-12-31 | $359M | 99 | +34.17% | +24.89% | +9.29% | -0.09B |
| 2024-09-30 | $411M | 105 | +38.84% | +36.04% | +2.81% | -0.02B |
| 2024-06-30 | $406M | 106 | +24.73% | +24.49% | +0.24% | -0.02B |
| 2024-03-31 | $394M | 108 | +28.82% | +29.62% | -0.80% | +0.02B |
| 2023-12-31 | $354M | 106 | +33.98% | +26.18% | +7.80% | +0.00B |
| 2023-09-30 | $308M | 89 | +14.92% | +21.57% | -6.65% | +0.00B |
| 2023-06-30 | $319M | 100 | +18.31% | +19.42% | -1.12% | -0.01B |
| 2023-03-31 | $293M | 92 | -10.89% | -7.82% | -3.07% | -0.02B |
| 2022-12-31 | $280M | 94 | -22.74% | -18.17% | -4.56% | +0.02B |
| 2022-09-30 | $269M | 90 | +24.03% | -15.51% | +39.54% | -0.01B |
| 2022-06-30 | $286M | 97 | -16.21% | -16.11% | -0.10% | -0.03B |