Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-9.02%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.45%
baseline attrition
Rally response
-4.09%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $22M | 7.2% | +60.9% | 3.8 yr |
| AAPLApple Inc. | $21M | 6.7% | +14.7% | 3.8 yr |
| MSFTMicrosoft Corporation | $15M | 4.8% | -0.6% | 3.3 yr |
| AMZNAmazon.com, Inc. | $14M | 4.7% | +9.5% | 3.8 yr |
| GOOGAlphabet Inc. | $13M | 4.2% | +84.3% | 3.5 yr |
| WMTWalmart Inc. | $12M | 3.8% | +42.8% | 3.0 yr |
| JPMJPMorgan Chase & Co. | $11M | 3.6% | +21.8% | 3.5 yr |
| MSMorgan Stanley | $10M | 3.1% | +44.8% | 3.0 yr |
| BKRBaker Hughes Company | $9M | 2.8% | +41.7% | 1.0 yr |
| DEDeere & Company | $9M | 2.8% | +21.2% | 3.0 yr |
| BRK-BBerkshire Hathaway Inc. | $8M | 2.7% | — | 3.5 yr |
| VVisa Inc. | $8M | 2.6% | -13.1% | 3.5 yr |
| USFDUS Foods Holding Corp. | $7M | 2.3% | +40.9% | 1.0 yr |
| HONHoneywell International | $7M | 2.2% | +9.0% | 3.0 yr |
| CATCaterpillar Inc. | $7M | 2.2% | +117.8% | 3.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors9.0%+3.6pp$28M
Internet Content & Information8.2%+3.9pp$26M
Consumer Electronics6.7%+1.6pp$21M
Drug Manufacturers - General5.3%+1.4pp$16M
Software - Infrastructure5.1%+0.7pp$16M
Agricultural - Machinery5.0%+2.1pp$15M
Banks - Diversified4.8%+1.1pp$15M
Specialty Retail4.7%+1.4pp$14M
Asset Management4.5%-14.1pp$14M
Discount Stores4.1%+1.1pp$13M
Country
US98.4%-0.8pp
CA0.7%+0.3pp
GB0.3%+0.1pp
IE0.2%+0.1pp
CH0.2%
Unknown0.2%+0.1pp
TW0.1%+0.0pp
Top 5: 27.6% · Top 10: 43.7% · Top 25: 73.0%
Top buys this quarter · 15
| CLF Cleveland-Cliffs Inc.new | +$0M |
| Q Qnity Electronics, Inc.new | +$0M |
| GS The Goldman Sachs Group, Inc.new | +$0M |
| CDNS Cadence Design Systems, Inc.new | +$0M |
| WFC Wells Fargo & Company | +$0M |
| AMAT Applied Materials, Inc. | +$0M |
| ETN Eaton Corporation plc | +$0M |
| DUK Duke Energy Corporation | +$0M |
| META Meta Platforms, Inc. | +$1M |
| ORCL Oracle Corporation | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $310M | 153 | +19.57% | +17.59% | +1.98% | -0.11B |
| 2025-12-31 | $419M | 214 | +17.19% | +17.72% | -0.53% | +0.00B |
| 2025-09-30 | $411M | 210 | +17.74% | +17.52% | +0.22% | +0.26B |
| 2025-06-30 | $132M | 82 | +11.24% | +14.94% | -3.70% | -0.25B |
| 2025-03-31 | $354M | 211 | +14.23% | +8.30% | +5.93% | +0.00B |
| 2024-12-31 | $360M | 215 | +30.67% | +24.89% | +5.78% | +0.03B |
| 2024-09-30 | $325M | 160 | +22.84% | +17.93% | +4.91% | -0.02B |
| 2024-06-30 | $325M | 210 | +24.40% | +21.19% | +3.21% | +0.20B |
| 2024-03-31 | $113M | 87 | +25.58% | +24.77% | +0.81% | -0.08B |
| 2023-09-30 | $170M | 118 | +19.59% | +21.57% | -1.97% | +0.01B |
| 2023-06-30 | $170M | 100 | +20.60% | +19.42% | +1.17% | -0.00B |
| 2023-03-31 | $164M | 119 | +10.92% | +7.46% | +3.47% | +0.05B |
| 2022-12-31 | $104M | 92 | +5.99% | +7.56% | -1.57% | -0.04B |
| 2022-09-30 | $138M | 106 | -3.11% | -4.93% | +1.82% | -0.00B |
| 2022-06-30 | $147M | 118 | — | — | — | +0.07B |
| 2021-12-31 | $72M | 54 | — | — | — | — |