Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+11.89%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.66%
steady accumulation
Rally response
-4.28%
trims into rallies
when a holding rises +10%+
Top positions · 23
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MAMastercard Incorporated | $58M | 10.3% | -8.5% | 2.5 yr |
| MSFTMicrosoft Corporation | $47M | 8.4% | -0.6% | 5.8 yr |
| OLEDUniversal Display Corpor | $46M | 8.1% | -33.3% | 1.8 yr |
| NDSNNordson Corporation | $46M | 8.1% | +33.7% | 3.3 yr |
| VVisa Inc. | $42M | 7.4% | -13.1% | 2.5 yr |
| INTUIntuit Inc. | $41M | 7.3% | -29.3% | 5.8 yr |
| GNTXGentex Corporation | $37M | 6.5% | -4.8% | 2.3 yr |
| MCOMoody's Corporation | $35M | 6.3% | -5.6% | 3.8 yr |
| SLBSLB N.V. | $29M | 5.2% | +26.7% | 1.3 yr |
| NVONovo Nordisk A/S | $29M | 5.2% | -46.7% | 1.5 yr |
| VRSKVerisk Analytics, Inc. | $27M | 4.8% | -35.7% | 2.0 yr |
| XYLXylem Inc. | $23M | 4.2% | +1.3% | 2.3 yr |
| BRK-BBerkshire Hathaway Inc. | $21M | 3.7% | — | 5.5 yr |
| MTDMettler-Toledo Internati | $19M | 3.3% | +6.8% | 5.5 yr |
| CBChubb Limited | $16M | 2.8% | +9.3% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Financial - Credit Services17.8%-1.5pp$99M
Industrial - Machinery12.3%+7.1pp$69M
Software - Application8.7%-4.1pp$49M
Software - Infrastructure8.4%-0.9pp$47M
Hardware, Equipment & Parts8.1%+0.9pp$46M
Auto - Parts6.5%+0.6pp$37M
Financial - Data & Stock Exchanges6.3%+0.6pp$35M
Oil & Gas Equipment & Services5.2%+2.8pp$29M
Biotechnology5.2%+1.8pp$29M
Software - Services4.8%-0.7pp$27M
Country
US90.3%-4.3pp
DK5.2%+1.8pp
CH2.8%+0.8pp
Unknown1.7%
Top 5: 42.5% · Top 10: 73.0% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $559M | 23 | +4.04% | +17.59% | -13.55% | +0.47B |
| 2025-12-31 | $100M | 21 | +9.10% | +17.72% | -8.62% | -0.02B |
| 2025-09-30 | $117M | 21 | +3.95% | +17.52% | -13.57% | -0.01B |
| 2025-06-30 | $124M | 19 | +5.48% | +14.94% | -9.46% | -0.00B |
| 2025-03-31 | $115M | 21 | +5.14% | +8.30% | -3.16% | -0.00B |
| 2024-12-31 | $121M | 21 | +14.32% | +24.89% | -10.56% | -0.01B |
| 2024-09-30 | $132M | 20 | +39.82% | +36.04% | +3.78% | -0.00B |
| 2024-06-30 | $130M | 23 | +29.48% | +24.49% | +4.99% | -0.01B |
| 2024-03-31 | $133M | 23 | +26.72% | +29.62% | -2.91% | -0.00B |
| 2023-12-31 | $127M | 23 | +29.70% | +26.18% | +3.53% | -0.01B |
| 2023-09-30 | $119M | 23 | +22.54% | +21.57% | +0.97% | -0.01B |
| 2023-06-30 | $131M | 24 | +19.46% | +19.42% | +0.03% | -0.00B |
| 2023-03-31 | $125M | 23 | -7.33% | -7.82% | +0.48% | -0.01B |
| 2022-12-31 | $125M | 26 | +10.82% | +7.56% | +3.26% | -0.00B |
| 2022-09-30 | $116M | 25 | -5.24% | -4.93% | -0.31% | -0.00B |
| 2022-06-30 | $126M | 24 | -18.10% | -16.11% | -1.98% | +0.01B |