Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.38%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.57%
baseline attrition
Rally response
-1.00%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $1.40B | 7.0% | +60.9% | 2.3 yr |
| AAPLApple Inc. | $1.15B | 5.7% | +14.7% | 2.3 yr |
| MSFTMicrosoft Corporation | $891M | 4.4% | -0.6% | 2.3 yr |
| AMZNAmazon.com, Inc. | $664M | 3.3% | +9.5% | 2.3 yr |
| GOOGLAlphabet Inc. | $532M | 2.7% | — | 2.3 yr |
| GOOGAlphabet Inc. | $445M | 2.2% | +84.3% | 2.3 yr |
| AVGOBroadcom Inc. | $429M | 2.1% | +86.0% | 2.3 yr |
| METAMeta Platforms, Inc. | $384M | 1.9% | -0.4% | 2.3 yr |
| TSLATesla, Inc. | $329M | 1.6% | +43.4% | 2.3 yr |
| GLDMSPDR Gold MiniShares Tru | $289M | 1.4% | — | 2.3 yr |
| JPMJPMorgan Chase & Co. | $251M | 1.3% | +21.8% | 2.3 yr |
| LLYEli Lilly and Company | $236M | 1.2% | +12.2% | 2.3 yr |
| XOMExxon Mobil Corporation | $236M | 1.2% | +47.6% | 2.3 yr |
| VVisa Inc. | $220M | 1.1% | -13.1% | 2.3 yr |
| BRK-BBerkshire Hathaway Inc. | $212M | 1.1% | — | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.2%+3.8pp$2.65B
Internet Content & Information7.0%+1.3pp$1.41B
Software - Infrastructure6.6%-0.4pp$1.33B
Consumer Electronics5.7%-0.4pp$1.15B
Drug Manufacturers - General4.7%-0.1pp$944M
Specialty Retail4.1%-0.4pp$830M
Banks - Diversified2.8%-0.0pp$552M
Aerospace & Defense2.6%+0.5pp$524M
Asset Management2.5%+0.9pp$509M
Financial - Credit Services2.4%-0.7pp$478M
Country
US96.8%-2.0pp
IE1.2%+1.0pp
GB0.5%+0.4pp
Unknown0.3%+0.2pp
CH0.2%
SG0.2%+0.1pp
UY0.1%-0.0pp
BM0.1%-0.0pp
Top 5: 23.1% · Top 10: 32.5% · Top 25: 45.4%
Top buys this quarter · 15
| HEI HEICO Corporation | +$43M |
| MSFT Microsoft Corporation | +$891M |
| NVDA NVIDIA Corporation | +$1.40B |
| ORCL Oracle Corporation | +$128M |
| NOW ServiceNow, Inc. | +$86M |
| LITE Lumentum Holdings Inc.new | +$15M |
| AMZN Amazon.com, Inc. | +$664M |
| AAPL Apple Inc. | +$1.15B |
| COHR Coherent, Inc.new | +$11M |
| AVGO Broadcom Inc. | +$429M |
Top sells this quarter · 15
| ADBE Adobe Inc. | −$37M |
| IT Gartner, Inc. | −$35M |
| MPWR Monolithic Power Systems, Inc. | −$61M |
| ALGN Align Technology, Inc. | −$9M |
| ECL Ecolab Inc. | −$4M |
| WTRG Essential Utilities, Inc.exit | −$3M |
| DT Dynatrace, Inc. | −$3M |
| SJM The J. M. Smucker Company | −$3M |
| DOCU DocuSign, Inc.exit | −$3M |
| NTNX Nutanix, Inc.exit | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $20.06B | 790 | +15.95% | +17.59% | -1.64% | +0.25B |
| 2025-12-31 | $20.79B | 803 | +16.22% | +17.72% | -1.50% | -0.70B |
| 2025-09-30 | $21.10B | 810 | +16.62% | +17.52% | -0.89% | -0.79B |
| 2025-06-30 | $20.38B | 825 | +15.56% | +14.94% | +0.62% | +1.20B |
| 2025-03-31 | $17.25B | 808 | +6.15% | +8.30% | -2.16% | +1.13B |
| 2024-12-31 | $16.87B | 819 | +2.23% | +2.49% | -0.26% | -0.74B |
| 2024-09-30 | $17.22B | 819 | +6.37% | +5.75% | +0.62% | -0.39B |
| 2024-06-30 | $16.55B | 825 | +2.18% | +4.38% | -2.20% | -0.59B |
| 2024-03-31 | $16.78B | 832 | — | — | — | — |