Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.09%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.07%
baseline attrition
Rally response
-5.63%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TSMTaiwan Semiconductor Man | $17M | 5.1% | +105.6% | 5.5 yr |
| AZNAstraZeneca PLC | $14M | 4.3% | +36.2% | 0.3 yr |
| GOOGLAlphabet Inc. | $12M | 3.7% | — | 5.5 yr |
| BAThe Boeing Company | $11M | 3.4% | +16.7% | 1.8 yr |
| SHViShares 0â1 Year Treas | $10M | 3.1% | — | 4.0 yr |
| GNRCGenerac Holdings Inc. | $9M | 2.9% | +54.2% | 2.3 yr |
| NVONovo Nordisk A/S | $9M | 2.8% | -46.7% | 1.3 yr |
| UTGReaves Utility Income Fu | $9M | 2.8% | — | 2.3 yr |
| UBERUber Technologies, Inc. | $9M | 2.7% | -1.3% | 3.5 yr |
| SHLDGlobal X - Defense Tech | $8M | 2.6% | — | 1.8 yr |
| QCOMQUALCOMM Incorporated | $8M | 2.5% | -14.2% | 5.5 yr |
| KVUEKenvue Inc. | $8M | 2.5% | -25.0% | 0.5 yr |
| JPMJPMorgan Chase & Co. | $8M | 2.5% | +21.8% | 5.5 yr |
| VGSHVanguard Short-Term Trea | $8M | 2.4% | — | 2.8 yr |
| AMZNAmazon.com, Inc. | $7M | 2.3% | +9.5% | 5.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management21.2%+5.5pp$69M
Semiconductors8.7%-1.1pp$28M
Aerospace & Defense7.2%-2.8pp$23M
Internet Content & Information5.3%+1.0pp$17M
Drug Manufacturers - General5.3%+4.2pp$17M
Asset Management - Bonds4.7%+3.1pp$15M
Software - Application4.5%-3.0pp$15M
Unknown3.5%-5.8pp$11M
Information Technology Services3.4%+1.4pp$11M
Asset Management - Leveraged3.0%+2.1pp$10M
Country
US83.8%+3.1pp
TW5.1%+0.2pp
GB4.3%
Unknown3.5%-5.8pp
DK2.8%+0.3pp
CA0.4%+0.1pp
Top 5: 19.6% · Top 10: 33.4% · Top 25: 65.5%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$14M |
| SYK Stryker Corporation | +$5M |
| AMZN Amazon.com, Inc. | +$3M |
| KVUE Kenvue Inc. | +$2M |
| UBER Uber Technologies, Inc. | +$2M |
| NEM Newmont Corporation | +$1M |
| CODI Compass Diversified | +$1M |
| AAPL Apple Inc. | +$1M |
| EXE Expand Energy Corporation | +$1M |
| NVDA NVIDIA Corporation | +$1M |
Top sells this quarter · 15
| WMT Walmart Inc. | −$6M |
| ZBH Zimmer Biomet Holdings, Inc.exit | −$4M |
| TSM Taiwan Semiconductor Manufactu | −$3M |
| BA The Boeing Company | −$2M |
| QCOM QUALCOMM Incorporated | −$2M |
| GNRC Generac Holdings Inc. | −$8M |
| GNTX Gentex Corporationexit | −$2M |
| RYAN Ryan Specialty Holdings, Inc.exit | −$2M |
| LLY Eli Lilly and Company | −$1M |
| GLW Corning Incorporated | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $324M | 95 | +20.30% | +17.59% | +2.71% | +0.01B |
| 2025-12-31 | $326M | 101 | +18.83% | +17.72% | +1.11% | +0.02B |
| 2025-09-30 | $308M | 101 | +22.91% | +17.52% | +5.39% | +0.00B |
| 2025-06-30 | $276M | 92 | +15.77% | +14.94% | +0.82% | +0.01B |
| 2025-03-31 | $241M | 84 | +4.72% | +8.30% | -3.58% | -0.00B |
| 2024-12-31 | $256M | 114 | +20.67% | +24.89% | -4.22% | -0.03B |
| 2024-09-30 | $277M | 130 | +26.20% | +36.04% | -9.83% | +0.00B |
| 2024-06-30 | $263M | 122 | +17.26% | +24.49% | -7.23% | +0.00B |
| 2024-03-31 | $260M | 117 | +24.16% | +29.62% | -5.46% | -0.00B |
| 2023-12-31 | $238M | 117 | +23.01% | +26.18% | -3.17% | +0.01B |
| 2023-09-30 | $212M | 108 | +22.87% | +21.57% | +1.30% | +0.01B |
| 2023-06-30 | $211M | 112 | +14.47% | +19.42% | -4.95% | -0.00B |
| 2023-03-31 | $203M | 109 | -6.79% | -7.82% | +1.03% | -0.00B |
| 2022-12-31 | $187M | 111 | -18.95% | -18.17% | -0.78% | +0.02B |
| 2022-09-30 | $154M | 113 | -17.11% | -15.51% | -1.60% | -0.00B |
| 2022-06-30 | $171M | 127 | -7.75% | -10.62% | +2.87% | -0.00B |