Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.15%
trims when stocks drop
when a holding falls −10%+
Middle response
+2.00%
steady accumulation
Rally response
-1.32%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGLAlphabet Inc. | $13M | 4.6% | — | 4.5 yr |
| NVDANVIDIA Corporation | $12M | 4.4% | +60.9% | 4.5 yr |
| MSFTMicrosoft Corporation | $12M | 4.4% | -0.6% | 4.5 yr |
| AAPLApple Inc. | $11M | 4.1% | +14.7% | 4.5 yr |
| BRK-BBerkshire Hathaway Inc. | $7M | 2.6% | — | 4.5 yr |
| SPYState Street SPDR S&P 50 | $5M | 1.9% | +17.6% | 4.5 yr |
| JNJJohnson & Johnson | $5M | 1.8% | +51.5% | 4.5 yr |
| VIGVanguard Dividend Apprec | $5M | 1.8% | — | 4.5 yr |
| JPMJPMorgan Chase & Co. | $5M | 1.7% | +21.8% | 4.5 yr |
| VVisa Inc. | $5M | 1.7% | -13.1% | 4.5 yr |
| LLYEli Lilly and Company | $4M | 1.6% | +12.2% | 3.8 yr |
| AVGOBroadcom Inc. | $4M | 1.4% | +86.0% | 4.5 yr |
| XOMExxon Mobil Corporation | $4M | 1.4% | +47.6% | 4.5 yr |
| TPLTexas Pacific Land Corpo | $4M | 1.4% | +8.1% | 4.5 yr |
| AMZNAmazon.com, Inc. | $4M | 1.3% | +9.5% | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management27.8%-6.3pp$76M
Semiconductors7.0%+3.9pp$19M
Internet Content & Information5.9%+3.5pp$16M
Drug Manufacturers - General5.0%+1.2pp$14M
Software - Infrastructure5.0%-0.4pp$14M
Consumer Electronics4.1%-1.0pp$11M
Financial - Credit Services2.9%+1.2pp$8M
Asset Management - Bonds2.8%+0.1pp$8M
Oil & Gas Integrated2.7%+0.3pp$7M
Insurance - Diversified2.6%-1.1pp$7M
Country
US96.7%-0.6pp
IE1.6%-0.1pp
TW0.4%
GB0.3%+0.1pp
CH0.3%-0.1pp
CA0.3%+0.1pp
Unknown0.2%
BR0.1%-0.0pp
Top 5: 20.2% · Top 10: 29.0% · Top 25: 47.3%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$7M |
| MSFT Microsoft Corporation | +$5M |
| LLY Eli Lilly and Company | +$3M |
| V Visa Inc. | +$3M |
| MCK McKesson Corporationnew | +$3M |
| AAPL Apple Inc. | +$3M |
| SYK Stryker Corporation | +$3M |
| GWW W.W. Grainger, Inc.new | +$2M |
| AVGO Broadcom Inc. | +$2M |
| MA Mastercard Incorporated | +$2M |
Top sells this quarter · 15
| MCO Moody's Corporationexit | −$1M |
| KKR KKR & Co. Inc.exit | −$0M |
| BAC Bank of America Corporation | −$0M |
| AEM Agnico Eagle Mines Limitedexit | −$0M |
| HOOD Robinhood Markets, Inc. | −$0M |
| GE GE Aerospaceexit | −$0M |
| DIS The Walt Disney Companyexit | −$0M |
| JPM JPMorgan Chase & Co. | −$0M |
| CRM Salesforce, Inc.exit | −$0M |
| COP ConocoPhillips | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $274M | 256 | +22.14% | +17.59% | +4.55% | +0.07B |
| 2025-12-31 | $199M | 216 | +16.32% | +17.72% | -1.40% | -0.01B |
| 2025-09-30 | $204M | 207 | +16.89% | +17.52% | -0.62% | +0.01B |
| 2025-06-30 | $182M | 186 | +14.06% | +14.94% | -0.88% | +0.00B |
| 2025-03-31 | $167M | 181 | +7.16% | +8.30% | -1.15% | +0.00B |
| 2024-12-31 | $170M | 175 | +18.48% | +24.89% | -6.41% | -0.00B |
| 2024-09-30 | $171M | 177 | +29.58% | +36.04% | -6.46% | +0.00B |
| 2024-06-30 | $161M | 172 | +18.47% | +24.49% | -6.02% | -0.03B |
| 2024-03-31 | $187M | 189 | +21.94% | +29.62% | -7.68% | +0.01B |
| 2023-12-31 | $162M | 493 | +17.41% | +26.18% | -8.77% | +0.00B |
| 2023-09-30 | $146M | 479 | +13.62% | +21.57% | -7.94% | +0.00B |
| 2023-06-30 | $151M | 497 | +12.60% | +19.42% | -6.82% | -0.01B |
| 2023-03-31 | $149M | 482 | -8.00% | -7.82% | -0.18% | -0.05B |
| 2022-12-31 | $187M | 622 | -15.50% | -18.17% | +2.68% | +0.03B |
| 2022-09-30 | $145M | 194 | -3.94% | -4.93% | +0.99% | +0.00B |
| 2022-06-30 | $150M | 185 | -13.73% | -16.11% | +2.38% | +0.01B |