Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-18.42%
trims when stocks drop
when a holding falls −10%+
Middle response
-21.91%
baseline attrition
Rally response
-30.59%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SOLSSolstice Advanced Materi | $21M | 1.1% | — | 0.5 yr |
| JCIJohnson Controls Interna | $20M | 1.1% | +65.7% | 2.5 yr |
| TSLATesla, Inc. | $20M | 1.1% | +43.4% | 3.3 yr |
| MMM3M Company | $20M | 1.1% | +0.7% | 2.8 yr |
| CTASCintas Corporation | $20M | 1.1% | -17.0% | 2.8 yr |
| MNSTMonster Beverage Corpora | $18M | 1.0% | +23.8% | 3.0 yr |
| QQnity Electronics, Inc. | $18M | 1.0% | — | 0.5 yr |
| RSGRepublic Services, Inc. | $17M | 0.9% | -8.9% | 3.0 yr |
| ALCAlcon Inc. | $17M | 0.9% | -20.3% | 3.0 yr |
| ANETArista Networks, Inc. | $16M | 0.9% | +58.5% | 1.5 yr |
| PPLPPL Corporation | $15M | 0.8% | +9.1% | 4.0 yr |
| ABNBAirbnb, Inc. | $15M | 0.8% | +5.7% | 3.0 yr |
| — | $15M | 0.8% | — | 1.3 yr |
| AMATApplied Materials, Inc. | $15M | 0.8% | +137.6% | 2.0 yr |
| AALAmerican Airlines Group | $15M | 0.8% | +1.8% | 3.8 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors6.4%+1.0pp$117M
Banks - Regional4.6%+0.9pp$84M
Software - Application4.5%-3.0pp$83M
Regulated Electric3.8%+1.3pp$70M
Unknown3.7%+1.4pp$69M
Industrial - Machinery3.6%+1.0pp$65M
Aerospace & Defense3.3%-0.4pp$60M
Chemicals - Specialty2.9%+0.6pp$52M
Software - Infrastructure2.7%-0.6pp$50M
Medical - Devices2.3%+0.4pp$43M
Country
US88.2%+0.6pp
Unknown3.7%+1.4pp
IE2.0%-0.6pp
CA1.8%+1.6pp
CH1.4%-0.4pp
GB1.4%-0.2pp
FR0.3%
LU0.3%-0.7pp
Top 5: 5.5% · Top 10: 10.1% · Top 25: 21.2%
Top buys this quarter · 15
| MMM 3M Company | +$16M |
| ALC Alcon Inc. | +$16M |
| TSLA Tesla, Inc. | +$14M |
| AAL American Airlines Group Inc. | +$13M |
| WBS Webster Financial Corporation | +$13M |
| PPL PPL Corporation | +$13M |
| JCI Johnson Controls International | +$11M |
| HD The Home Depot, Inc. | +$11M |
| LEN Lennar Corporation | +$10M |
| MNST Monster Beverage Corporation | +$10M |
Top sells this quarter · 15
| COST Costco Wholesale Corporationexit | −$20M |
| LYB LyondellBasell Industries N.V. | −$18M |
| ETN Eaton Corporation plc | −$17M |
| NTR Nutrien Ltd.exit | −$15M |
| TT Trane Technologies plcexit | −$15M |
| HPE Hewlett Packard Enterprise Comexit | −$14M |
| NFLX Netflix, Inc.exit | −$14M |
| AMD Advanced Micro Devices, Inc.exit | −$13M |
| MSI Motorola Solutions, Inc. | −$12M |
| CBRE CBRE Group, Inc. | −$11M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.84B | 724 | +26.57% | +17.59% | +8.98% | +0.31B |
| 2025-12-31 | $1.49B | 668 | +26.80% | +17.72% | +9.08% | +0.63B |
| 2025-09-30 | $821M | 642 | +29.13% | +17.52% | +11.61% | -0.15B |
| 2025-06-30 | $889M | 604 | +30.78% | +14.94% | +15.84% | +0.08B |
| 2025-03-31 | $751M | 626 | +27.88% | +8.30% | +19.58% | +0.18B |
| 2024-12-31 | $554M | 652 | +36.48% | +24.89% | +11.59% | -0.03B |
| 2024-09-30 | $548M | 667 | +39.15% | +36.04% | +3.12% | -0.07B |
| 2024-06-30 | $564M | 714 | +23.46% | +24.49% | -1.04% | -0.04B |
| 2024-03-31 | $570M | 697 | +25.49% | +29.62% | -4.13% | -0.23B |
| 2023-12-31 | $735M | 744 | +20.46% | +26.18% | -5.72% | -0.11B |
| 2023-09-30 | $772M | 922 | +11.74% | +21.57% | -9.83% | -0.17B |
| 2023-06-30 | $962M | 970 | +7.65% | +19.42% | -11.77% | -0.22B |
| 2023-03-31 | $1.10B | 870 | -21.79% | -7.82% | -13.97% | +0.20B |
| 2022-12-31 | $857M | 912 | +1.63% | +7.56% | -5.93% | -0.45B |
| 2022-09-30 | $1.29B | 1129 | -5.64% | -4.93% | -0.71% | +0.14B |
| 2022-06-30 | $1.22B | 1095 | -22.17% | -16.11% | -6.06% | +0.29B |