Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+7.66%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.16%
steady accumulation
Rally response
+5.03%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TSMTaiwan Semiconductor Man | $39M | 10.6% | +105.6% | 2.0 yr |
| NVSNovartis AG | $31M | 8.3% | +39.7% | 2.3 yr |
| SAPSAP SE | $21M | 5.7% | -35.8% | 2.5 yr |
| NTRNutrien Ltd. | $18M | 5.0% | +56.2% | 2.5 yr |
| MFCManulife Financial Corpo | $18M | 4.8% | +15.0% | 2.5 yr |
| HSBCHSBC Holdings plc | $16M | 4.4% | +51.2% | 2.5 yr |
| SHGShinhan Financial Group | $12M | 3.3% | +95.3% | 2.5 yr |
| KBKB Financial Group Inc. | $12M | 3.2% | +88.9% | 2.5 yr |
| CSCOCisco Systems, Inc. | $10M | 2.7% | +28.1% | 2.5 yr |
| UBSUBS Group AG | $9M | 2.4% | +31.6% | 2.3 yr |
| ASMLASML Holding N.V. | $9M | 2.4% | +100.9% | 0.3 yr |
| BKThe Bank of New York Mel | $9M | 2.4% | +44.4% | 2.0 yr |
| AVGOBroadcom Inc. | $9M | 2.3% | +86.0% | 2.0 yr |
| KLACKLA Corporation | $8M | 2.2% | +118.2% | 0.8 yr |
| HIGThe Hartford Financial S | $8M | 2.2% | +11.1% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors17.5%+11.2pp$65M
Drug Manufacturers - General10.1%+0.6pp$38M
Software - Application8.9%-4.5pp$33M
Banks - Regional8.5%-1.2pp$32M
Banks - Diversified6.9%+0.8pp$26M
Agricultural Inputs5.0%+2.1pp$18M
Insurance - Life4.8%-0.6pp$18M
Telecommunications Services3.9%+0.2pp$15M
Software - Infrastructure3.3%+2.1pp$12M
Specialty Retail2.7%+0.4pp$10M
Country
US40.3%-0.3pp
CH10.8%+0.8pp
TW10.6%+4.4pp
CA9.7%-4.4pp
KR8.5%+2.0pp
DE5.7%-3.6pp
GB5.3%+1.5pp
BR2.9%+2.2pp
Top 5: 34.4% · Top 10: 50.4% · Top 25: 80.8%
Top buys this quarter · 13
| ASML ASML Holding N.V.new | +$9M |
| BBD Banco Bradesco S.A.new | +$7M |
| SAP SAP SE | +$21M |
| CIG Companhia Energética de Minas | +$1M |
| TIGO Millicom International Cellula | +$0M |
| NTR Nutrien Ltd. | +$0M |
| MFC Manulife Financial Corporation | +$18M |
| KB KB Financial Group Inc. | +$0M |
| SKM SK Telecom Co.,Ltd | +$0M |
| UBS UBS Group AG | +$9M |
Top sells this quarter · 15
| NVS Novartis AG | −$29M |
| TSM Taiwan Semiconductor Manufactu | −$36M |
| CSCO Cisco Systems, Inc. | −$1M |
| BK The Bank of New York Mellon Co | −$1M |
| CAH Cardinal Health, Inc. | −$1M |
| AVGO Broadcom Inc. | −$1M |
| MSFT Microsoft Corporation | −$0M |
| HIG The Hartford Financial Service | −$0M |
| KLAC KLA Corporation | −$7M |
| NFLX Netflix, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $372M | 46 | +15.77% | +17.59% | -1.82% | +0.01B |
| 2025-12-31 | $367M | 43 | +16.32% | +17.72% | -1.40% | -0.02B |
| 2025-09-30 | $373M | 42 | +11.13% | +17.52% | -6.39% | +0.07B |
| 2025-06-30 | $296M | 42 | +19.34% | +14.94% | +4.40% | -0.00B |
| 2025-03-31 | $272M | 82 | +12.63% | +8.30% | +4.33% | -0.01B |
| 2024-12-31 | $283M | 80 | +26.07% | +24.89% | +1.18% | +0.00B |
| 2024-09-30 | $281M | 80 | +9.36% | +5.75% | +3.61% | -0.01B |
| 2024-06-30 | $264M | 75 | +3.80% | +4.38% | -0.57% | +0.09B |
| 2024-03-31 | $170M | 72 | +11.81% | +10.39% | +1.42% | +0.02B |
| 2023-12-31 | $138M | 67 | — | — | — | — |