Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-6.32%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.80%
baseline attrition
Rally response
-7.45%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $140M | 6.1% | +14.7% | 4.5 yr |
| NVDANVIDIA Corporation | $136M | 5.9% | +60.9% | 4.5 yr |
| MSFTMicrosoft Corporation | $126M | 5.5% | -0.6% | 4.5 yr |
| GOOGLAlphabet Inc. | $119M | 5.2% | — | 4.5 yr |
| AMZNAmazon.com, Inc. | $86M | 3.7% | +9.5% | 4.5 yr |
| AVGOBroadcom Inc. | $79M | 3.4% | +86.0% | 4.0 yr |
| METAMeta Platforms, Inc. | $75M | 3.3% | -0.4% | 4.5 yr |
| LLYEli Lilly and Company | $63M | 2.7% | +12.2% | 4.5 yr |
| JPMJPMorgan Chase & Co. | $59M | 2.6% | +21.8% | 4.5 yr |
| VVisa Inc. | $58M | 2.5% | -13.1% | 4.5 yr |
| KOThe Coca-Cola Company | $51M | 2.2% | +9.3% | 4.5 yr |
| BRK-BBerkshire Hathaway Inc. | $43M | 1.9% | — | 4.5 yr |
| GOOGAlphabet Inc. | $31M | 1.3% | +84.3% | 2.0 yr |
| PGThe Procter & Gamble Com | $29M | 1.3% | -12.9% | 4.5 yr |
| MCDMcDonald's Corporation | $28M | 1.2% | +1.8% | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.0%+5.5pp$299M
Internet Content & Information9.8%+3.8pp$225M
Software - Infrastructure7.8%-1.2pp$180M
Drug Manufacturers - General6.6%+2.8pp$153M
Consumer Electronics6.1%+2.9pp$140M
Banks - Diversified4.3%+0.7pp$99M
Specialty Retail4.3%-1.1pp$98M
Financial - Credit Services3.2%-1.6pp$73M
Beverages - Non-Alcoholic2.7%+0.3pp$62M
Insurance - Diversified2.3%-2.0pp$53M
Country
US92.4%+3.0pp
CA1.7%+0.4pp
CH1.5%-0.9pp
IE1.5%-0.6pp
GB0.9%+0.9pp
FR0.6%
Unknown0.4%-0.6pp
DE0.3%
Top 5: 26.3% · Top 10: 40.8% · Top 25: 57.8%
Top buys this quarter · 15
| AAPL Apple Inc. | +$88M |
| NVDA NVIDIA Corporation | +$81M |
| MSFT Microsoft Corporation | +$72M |
| AVGO Broadcom Inc. | +$60M |
| JPM JPMorgan Chase & Co. | +$42M |
| LLY Eli Lilly and Company | +$39M |
| META Meta Platforms, Inc. | +$39M |
| AMZN Amazon.com, Inc. | +$29M |
| MCD McDonald's Corporation | +$26M |
| KO The Coca-Cola Company | +$25M |
Top sells this quarter · 15
| TSM Taiwan Semiconductor Manufactuexit | −$15M |
| ABT Abbott Laboratoriesexit | −$13M |
| SPGI S&P Global Inc. | −$9M |
| TOTB.DE TotalEnergies SE | −$9M |
| MCO Moody's Corporation | −$7M |
| MELI MercadoLibre, Inc.exit | −$6M |
| HALO Halozyme Therapeutics, Inc.exit | −$6M |
| EOG EOG Resources, Inc.exit | −$5M |
| PANW Palo Alto Networks, Inc. | −$5M |
| BILI Bilibili Inc.exit | −$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.30B | 242 | +13.05% | +17.59% | -4.54% | +1.09B |
| 2025-12-31 | $1.27B | 218 | +14.93% | +17.72% | -2.79% | +0.01B |
| 2025-09-30 | $1.24B | 233 | +14.04% | +17.52% | -3.47% | +0.04B |
| 2025-06-30 | $1.14B | 233 | +17.95% | +14.94% | +3.00% | -0.08B |
| 2025-03-31 | $1.11B | 235 | +12.83% | +8.30% | +4.52% | -0.01B |
| 2024-12-31 | $1.14B | 246 | +26.07% | +24.89% | +1.18% | +0.17B |
| 2024-09-30 | $963M | 214 | +41.75% | +36.04% | +5.71% | +0.09B |
| 2024-06-30 | $802M | 192 | +25.93% | +24.49% | +1.44% | +0.55B |
| 2024-03-31 | $240M | 124 | +28.01% | +29.62% | -1.61% | -0.01B |
| 2023-12-31 | $233M | 111 | +25.50% | +26.18% | -0.68% | -0.00B |
| 2023-09-30 | $206M | 106 | +19.64% | +21.57% | -1.93% | -0.00B |
| 2023-06-30 | $218M | 116 | +20.23% | +19.42% | +0.81% | -0.03B |
| 2023-03-31 | $235M | 139 | -7.73% | -7.82% | +0.09% | -0.01B |
| 2022-12-31 | $232M | 130 | +8.01% | +7.56% | +0.45% | +0.00B |
| 2022-09-30 | $213M | 122 | -2.98% | -4.93% | +1.95% | -0.45B |
| 2022-06-30 | $682M | 178 | -17.64% | -16.11% | -1.53% | +0.06B |