Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-33.82%
trims when stocks drop
when a holding falls −10%+
Middle response
-31.53%
baseline attrition
Rally response
-28.94%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $18M | 3.0% | +14.7% | 1.3 yr |
| RIORio Tinto Group | $16M | 2.8% | +63.4% | 2.3 yr |
| ARMArm Holdings plc America | $14M | 2.3% | +41.7% | 0.3 yr |
| MDLNMedline Inc. | $12M | 2.0% | — | 0.3 yr |
| CSCOCisco Systems, Inc. | $9M | 1.6% | +28.1% | 1.5 yr |
| AZNAstraZeneca PLC | $9M | 1.5% | +36.2% | 0.3 yr |
| ABBVAbbVie Inc. | $8M | 1.3% | +7.3% | 1.8 yr |
| TERTeradyne, Inc. | $7M | 1.3% | +260.2% | 1.0 yr |
| FTITechnipFMC plc | $7M | 1.2% | +119.3% | 2.0 yr |
| ESLTElbit Systems Ltd. | $7M | 1.2% | +122.6% | 0.3 yr |
| XOMExxon Mobil Corporation | $7M | 1.2% | +47.6% | 2.0 yr |
| WMTWalmart Inc. | $7M | 1.2% | +42.8% | 1.0 yr |
| LNGCheniere Energy, Inc. | $7M | 1.1% | +23.8% | 1.8 yr |
| RVMDRevolution Medicines, In | $6M | 1.1% | +175.0% | 1.3 yr |
| VLOValero Energy Corporatio | $6M | 1.0% | +92.6% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors6.8%+1.5pp$40M
Aerospace & Defense4.8%+3.7pp$28M
Drug Manufacturers - General4.6%+1.4pp$27M
Software - Application4.5%+1.4pp$27M
Biotechnology3.6%+1.0pp$22M
Consumer Electronics3.3%+3.3pp$20M
Communication Equipment3.0%+2.2pp$18M
Industrial Materials2.8%-1.1pp$16M
Internet Content & Information2.5%+1.6pp$15M
Unknown2.4%-0.7pp$14M
Country
US82.8%-2.7pp
GB8.6%+3.1pp
Unknown2.4%-0.7pp
IL1.5%+1.4pp
CA1.2%+1.1pp
CN0.8%+0.7pp
BM0.6%-0.1pp
IE0.5%-1.5pp
Top 5: 11.6% · Top 10: 18.1% · Top 25: 31.6%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| RIO | $14M | +0.01B | 63.4% |
| FTI | $2M | +0.00B | 119.3% |
| EBAY | $5M | +0.00B | 36.3% |
| XOM | $3M | +0.00B | 47.6% |
| LNG | $5M | +0.00B | 23.8% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| ARM Arm Holdings plc American Deponew | +$14M |
| AZN AstraZeneca PLCnew | +$12M |
| MDLN Medline Inc.new | +$12M |
| CSCO Cisco Systems, Inc. | +$8M |
| ESLT Elbit Systems Ltd.new | +$7M |
| FTI TechnipFMC plc | +$7M |
| ABBV AbbVie Inc. | +$6M |
| TER Teradyne, Inc. | +$6M |
| VLO Valero Energy Corporation | +$5M |
| SUNB Sunbelt Rentals Holdings Incnew | +$5M |
Top sells this quarter · 15
| AVGO Broadcom Inc. | −$23M |
| NVDA NVIDIA Corporation | −$16M |
| RVMD Revolution Medicines, Inc. | −$15M |
| LLY Eli Lilly and Company | −$14M |
| RIO Rio Tinto Group | −$12M |
| META Meta Platforms, Inc. | −$12M |
| WMT Walmart Inc. | −$10M |
| KEYS Keysight Technologies, Inc. | −$5M |
| CW Curtiss-Wright Corporationexit | −$5M |
| NWS News Corporationexit | −$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $590M | 583 | +42.72% | +17.59% | +25.12% | +0.14B |
| 2025-12-31 | $431M | 330 | +30.32% | +17.72% | +12.60% | -0.25B |
| 2025-09-30 | $659M | 477 | +25.25% | +17.52% | +7.73% | +0.23B |
| 2025-06-30 | $362M | 429 | +14.49% | +14.94% | -0.45% | -0.07B |
| 2025-03-31 | $382M | 448 | +1.78% | +8.30% | -6.52% | -0.01B |
| 2024-12-31 | $405M | 296 | -0.44% | +2.49% | -2.92% | -0.05B |
| 2024-09-30 | $454M | 1263 | +7.33% | +5.75% | +1.58% | +0.05B |
| 2024-06-30 | $372M | 1138 | -0.71% | +4.38% | -5.09% | +0.02B |
| 2024-03-31 | $358M | 1086 | — | — | — | — |