Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.40%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.36%
baseline attrition
Rally response
-2.05%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $173M | 5.4% | +60.9% | 3.5 yr |
| AVGOBroadcom Inc. | $152M | 4.7% | +86.0% | 3.5 yr |
| AAPLApple Inc. | $99M | 3.1% | +14.7% | 4.5 yr |
| MSFTMicrosoft Corporation | $84M | 2.6% | -0.6% | 4.5 yr |
| GOOGLAlphabet Inc. | $72M | 2.2% | — | 4.5 yr |
| TSMTaiwan Semiconductor Man | $68M | 2.1% | +105.6% | 4.5 yr |
| AMATApplied Materials, Inc. | $57M | 1.8% | +137.6% | 4.5 yr |
| AMZNAmazon.com, Inc. | $52M | 1.6% | +9.5% | 4.5 yr |
| JPMJPMorgan Chase & Co. | $44M | 1.4% | +21.8% | 3.8 yr |
| CATCaterpillar Inc. | $40M | 1.2% | +117.8% | 4.5 yr |
| JNJJohnson & Johnson | $37M | 1.2% | +51.5% | 4.5 yr |
| GSThe Goldman Sachs Group, | $37M | 1.1% | +58.1% | 4.5 yr |
| BACBank of America Corporat | $35M | 1.1% | +19.4% | 4.5 yr |
| COSTCostco Wholesale Corpora | $33M | 1.0% | +5.9% | 4.5 yr |
| RTXRTX Corporation | $32M | 1.0% | +48.1% | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors18.0%+5.3pp$578M
Asset Management9.1%+0.7pp$291M
Software - Infrastructure5.1%-0.4pp$163M
Drug Manufacturers - General4.8%+0.0pp$156M
Banks - Diversified3.3%-0.4pp$107M
Internet Content & Information3.3%+0.6pp$107M
Aerospace & Defense3.1%-0.0pp$101M
Consumer Electronics3.1%-0.2pp$99M
Software - Application2.5%-1.5pp$79M
Specialty Retail2.2%-0.4pp$71M
Country
US92.4%+0.5pp
TW2.1%+0.8pp
Unknown1.2%+0.5pp
IE1.1%+0.0pp
GB0.9%-0.4pp
CH0.6%-0.6pp
CA0.4%+0.0pp
UY0.4%-0.1pp
Top 5: 18.0% · Top 10: 26.2% · Top 25: 40.0%
Top buys this quarter · 15
| PANW Palo Alto Networks, Inc. | +$8M |
| NFLX Netflix, Inc. | +$6M |
| LRCX Lam Research Corporation | +$5M |
| KLAC KLA Corporation | +$2M |
| FITB Fifth Third Bancorpnew | +$1M |
| CRWD CrowdStrike Holdings, Inc. | +$1M |
| BURL Burlington Stores, Inc.new | +$1M |
| HWM Howmet Aerospace Inc. | +$1M |
| SPGI S&P Global Inc. | +$1M |
| LITE Lumentum Holdings Inc.new | +$1M |
Top sells this quarter · 15
| AVGO Broadcom Inc. | −$66M |
| NVDA NVIDIA Corporation | −$54M |
| AAPL Apple Inc. | −$39M |
| MSFT Microsoft Corporation | −$25M |
| CB Chubb Limited | −$25M |
| JNJ Johnson & Johnson | −$24M |
| TSM Taiwan Semiconductor Manufactu | −$22M |
| AMZN Amazon.com, Inc. | −$20M |
| JPM JPMorgan Chase & Co. | −$20M |
| AMAT Applied Materials, Inc. | −$19M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.21B | 764 | +23.85% | +17.59% | +6.26% | -1.20B |
| 2025-12-31 | $4.48B | 812 | +20.71% | +17.72% | +2.99% | +0.19B |
| 2025-09-30 | $4.18B | 742 | +17.91% | +17.52% | +0.39% | +0.17B |
| 2025-06-30 | $3.72B | 622 | +16.77% | +14.94% | +1.83% | -0.04B |
| 2025-03-31 | $3.31B | 588 | +3.11% | +8.30% | -5.19% | +0.08B |
| 2024-12-31 | $3.37B | 578 | +17.86% | +24.89% | -7.02% | +0.05B |
| 2024-09-30 | $3.30B | 543 | +32.16% | +36.04% | -3.88% | +0.08B |
| 2024-06-30 | $3.01B | 508 | +18.34% | +24.49% | -6.15% | +0.07B |
| 2024-03-31 | $2.93B | 502 | +24.38% | +29.62% | -5.24% | +0.04B |
| 2023-12-31 | $2.64B | 508 | +22.04% | +26.18% | -4.14% | -0.11B |
| 2023-09-30 | $2.45B | 494 | +19.71% | +21.57% | -1.86% | +0.04B |
| 2023-06-30 | $2.52B | 492 | +18.90% | +19.42% | -0.53% | -0.01B |
| 2023-03-31 | $2.40B | 481 | -3.87% | -7.82% | +3.95% | +0.50B |
| 2022-12-31 | $1.76B | 389 | +10.24% | +7.56% | +2.68% | -0.28B |
| 2022-09-30 | $1.85B | 430 | -4.98% | -4.93% | -0.05% | -0.01B |
| 2022-06-30 | $1.95B | 432 | -14.72% | -16.11% | +1.39% | +0.16B |