Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.19%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.19%
steady accumulation
Rally response
-0.94%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AZNAstraZeneca PLC | $398M | 6.7% | +36.2% | 0.3 yr |
| NVDANVIDIA Corporation | $393M | 6.6% | +60.9% | 5.0 yr |
| AAPLApple Inc. | $309M | 5.2% | +14.7% | 5.0 yr |
| VOVanguard Mid-Cap ETF | $293M | 5.0% | — | 4.8 yr |
| GOOGLAlphabet Inc. | $292M | 4.9% | — | 3.8 yr |
| MSFTMicrosoft Corporation | $230M | 3.9% | -0.6% | 5.0 yr |
| AMZNAmazon.com, Inc. | $207M | 3.5% | +9.5% | 5.0 yr |
| AVGOBroadcom Inc. | $144M | 2.4% | +86.0% | 5.0 yr |
| JPMJPMorgan Chase & Co. | $118M | 2.0% | +21.8% | 5.0 yr |
| NEENextEra Energy, Inc. | $110M | 1.9% | +34.9% | 5.0 yr |
| BRK-BBerkshire Hathaway Inc. | $109M | 1.8% | — | 5.0 yr |
| METAMeta Platforms, Inc. | $108M | 1.8% | -0.4% | 5.0 yr |
| LLYEli Lilly and Company | $107M | 1.8% | +12.2% | 5.0 yr |
| TOTB.DETotalEnergies SE | $104M | 1.8% | +41.2% | 0.3 yr |
| RTXRTX Corporation | $94M | 1.6% | +48.1% | 5.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors12.9%+4.6pp$766M
Drug Manufacturers - General9.3%+6.7pp$550M
Asset Management8.4%-2.9pp$496M
Internet Content & Information7.1%+1.4pp$418M
Consumer Electronics5.2%-0.3pp$309M
Software - Infrastructure4.6%-3.0pp$273M
Banks - Diversified4.4%+0.2pp$260M
Specialty Retail3.5%-0.7pp$207M
Oil & Gas Integrated3.1%+2.0pp$181M
REIT - Specialty2.9%-1.0pp$174M
Country
US87.3%-7.0pp
GB6.7%
FR1.8%
CH1.5%+0.2pp
CA0.8%-0.1pp
LU0.5%+0.2pp
IE0.5%-1.3pp
Unknown0.4%-0.3pp
Top 5: 28.5% · Top 10: 42.1% · Top 25: 63.7%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$404M |
| TOTB.DE TotalEnergies SEnew | +$90M |
| AMAT Applied Materials, Inc.new | +$70M |
| LLY Eli Lilly and Company | +$40M |
| AMD Advanced Micro Devices, Inc. | +$37M |
| XPO XPO Logistics, Inc.new | +$36M |
| 0I3I.L The Cooper Companies, Inc.new | +$27M |
| LYV Live Nation Entertainment, Incnew | +$26M |
| BSX Boston Scientific Corporationnew | +$24M |
| BLD TopBuild Corp. | +$22M |
Top sells this quarter · 15
| MSFT Microsoft Corporation | −$76M |
| KO The Coca-Cola Companyexit | −$60M |
| TMO Thermo Fisher Scientific Inc. | −$55M |
| ABT Abbott Laboratoriesexit | −$37M |
| ZBH Zimmer Biomet Holdings, Inc.exit | −$36M |
| HD The Home Depot, Inc. | −$35M |
| UNP Union Pacific Corporation | −$32M |
| DIS The Walt Disney Company | −$27M |
| AVGO Broadcom Inc. | −$23M |
| DHR Danaher Corporationexit | −$23M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $5.92B | 92 | +15.54% | +17.59% | -2.06% | +0.43B |
| 2025-12-31 | $5.74B | 84 | +14.76% | +17.72% | -2.96% | -0.18B |
| 2025-09-30 | $5.74B | 83 | +14.47% | +17.52% | -3.05% | -0.04B |
| 2025-06-30 | $5.45B | 82 | +15.44% | +14.94% | +0.49% | +0.05B |
| 2025-03-31 | $4.88B | 83 | +7.50% | +8.30% | -0.81% | +0.03B |
| 2024-12-31 | $5.10B | 85 | +22.33% | +24.89% | -2.55% | +0.07B |
| 2024-09-30 | $4.90B | 86 | +34.65% | +36.04% | -1.39% | +0.37B |
| 2024-06-30 | $4.24B | 80 | +20.74% | +24.49% | -3.75% | -0.37B |
| 2024-03-31 | $4.48B | 80 | +27.13% | +29.62% | -2.49% | +0.05B |
| 2023-12-31 | $4.10B | 79 | +21.66% | +26.18% | -4.51% | -0.15B |
| 2023-09-30 | $3.76B | 80 | +15.91% | +21.57% | -5.66% | -0.06B |
| 2023-06-30 | $3.98B | 83 | +16.16% | +19.42% | -3.27% | -0.06B |
| 2023-03-31 | $3.73B | 84 | -8.21% | -7.82% | -0.39% | +0.50B |
| 2022-12-31 | $3.12B | 84 | +7.77% | +7.56% | +0.21% | -0.21B |
| 2022-09-30 | $3.09B | 91 | -3.87% | -4.93% | +1.06% | -1.66B |
| 2022-06-30 | $4.95B | 163 | -14.34% | -16.11% | +1.77% | -0.19B |