Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.18%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.67%
steady accumulation
Rally response
-2.88%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MSFTMicrosoft Corporation | $49M | 4.2% | -0.6% | 3.5 yr |
| AVGOBroadcom Inc. | $46M | 4.0% | +86.0% | 3.5 yr |
| NVDANVIDIA Corporation | $35M | 3.0% | +60.9% | 3.5 yr |
| CVXChevron Corporation | $29M | 2.5% | +29.2% | 3.5 yr |
| VOOVanguard S&P 500 ETF | $28M | 2.4% | — | 3.5 yr |
| AAPLApple Inc. | $26M | 2.2% | +14.7% | 3.5 yr |
| AMTAmerican Tower Corporati | $25M | 2.2% | -17.9% | 3.5 yr |
| NEENextEra Energy, Inc. | $23M | 2.0% | +34.9% | 3.5 yr |
| KLACKLA Corporation | $23M | 2.0% | +118.2% | 3.0 yr |
| JPMJPMorgan Chase & Co. | $21M | 1.8% | +21.8% | 3.5 yr |
| AMZNAmazon.com, Inc. | $21M | 1.8% | +9.5% | 3.5 yr |
| PEPPepsiCo, Inc. | $21M | 1.8% | +7.7% | 3.0 yr |
| VVisa Inc. | $20M | 1.7% | -13.1% | 3.5 yr |
| ASMLASML Holding N.V. | $20M | 1.7% | +100.9% | 3.5 yr |
| LMTLockheed Martin Corporat | $18M | 1.6% | +39.0% | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management15.6%+1.1pp$180M
Semiconductors15.4%+4.2pp$179M
Software - Infrastructure5.1%-0.4pp$59M
Drug Manufacturers - General3.9%+1.2pp$45M
Aerospace & Defense3.4%+0.3pp$39M
REIT - Specialty3.1%-0.4pp$36M
Internet Content & Information3.1%+0.7pp$35M
Oil & Gas Integrated3.0%+0.3pp$35M
Financial - Data & Stock Exchanges2.8%+0.1pp$33M
Medical - Devices2.7%-1.0pp$32M
Country
US90.8%-1.5pp
IE1.9%-0.8pp
NL1.7%+0.8pp
GB1.4%+1.3pp
CH1.4%+0.1pp
TW1.3%+0.5pp
UY0.5%-0.1pp
DK0.3%+0.2pp
Top 5: 16.1% · Top 10: 26.4% · Top 25: 48.9%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$16M |
| MSFT Microsoft Corporation | +$49M |
| AMT American Tower Corporation | +$4M |
| NOW ServiceNow, Inc. | +$2M |
| MSCI MSCI Inc. | +$2M |
| PG The Procter & Gamble Company | +$2M |
| AMZN Amazon.com, Inc. | +$21M |
| NEE NextEra Energy, Inc. | +$2M |
| V Visa Inc. | +$20M |
| ZTS Zoetis Inc. | +$1M |
Top sells this quarter · 15
| TXN Texas Instruments Incorporated | −$8M |
| NXPI NXP Semiconductors N.V. | −$4M |
| PYPL PayPal Holdings, Inc.exit | −$2M |
| KLAC KLA Corporation | −$21M |
| BABA Alibaba Group Holding Limitedexit | −$2M |
| AAPL Apple Inc. | −$1M |
| CSCO Cisco Systems, Inc. | −$1M |
| ACN Accenture plc | −$1M |
| AG First Majestic Silver Corp. | −$1M |
| HLNE Hamilton Lane Incorporatedexit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.16B | 384 | +17.02% | +17.59% | -0.57% | -0.02B |
| 2025-12-31 | $1.18B | 504 | +15.52% | +17.72% | -2.20% | +0.03B |
| 2025-09-30 | $1.14B | 505 | +13.94% | +17.52% | -3.58% | +0.06B |
| 2025-06-30 | $1.01B | 302 | +15.94% | +14.94% | +1.00% | -0.03B |
| 2025-03-31 | $956M | 318 | +7.61% | +8.30% | -0.70% | +0.01B |
| 2024-12-31 | $963M | 318 | +16.87% | +24.89% | -8.02% | +0.12B |
| 2024-09-30 | $843M | 174 | +31.44% | +36.04% | -4.60% | +0.01B |
| 2024-06-30 | $777M | 178 | +16.72% | +24.49% | -7.78% | -0.11B |
| 2024-03-31 | $873M | 329 | +21.23% | +29.62% | -8.39% | +0.02B |
| 2023-12-31 | $797M | 325 | +20.40% | +26.18% | -5.78% | -0.01B |
| 2023-09-30 | $716M | 311 | -4.33% | -3.22% | -1.11% | -0.01B |
| 2023-06-30 | $761M | 330 | +5.24% | +8.68% | -3.44% | -0.01B |
| 2023-03-31 | $729M | 324 | +6.25% | +7.46% | -1.21% | -0.00B |
| 2022-12-31 | $690M | 328 | — | — | — | — |