Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.88%
trims when stocks drop
when a holding falls −10%+
Middle response
-5.06%
baseline attrition
Rally response
-4.55%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AVGOBroadcom Inc. | $59M | 1.8% | +86.0% | 3.3 yr |
| PHParker-Hannifin Corporat | $56M | 1.7% | +48.6% | 3.5 yr |
| NVDANVIDIA Corporation | $55M | 1.7% | +60.9% | 3.5 yr |
| TTTrane Technologies plc | $48M | 1.5% | +24.8% | 3.5 yr |
| EOGEOG Resources, Inc. | $44M | 1.3% | +16.9% | 3.5 yr |
| RSPInvesco S&P 500 Equal We | $42M | 1.3% | — | 2.3 yr |
| TSMTaiwan Semiconductor Man | $42M | 1.3% | +105.6% | 3.5 yr |
| HWMHowmet Aerospace Inc. | $36M | 1.1% | +78.1% | 3.5 yr |
| MSFTMicrosoft Corporation | $34M | 1.0% | -0.6% | 3.5 yr |
| CATCaterpillar Inc. | $34M | 1.0% | +117.8% | 3.5 yr |
| WSMWilliams-Sonoma, Inc. | $31M | 1.0% | +17.1% | 3.5 yr |
| AMPAmeriprise Financial, In | $31M | 1.0% | -7.0% | 3.5 yr |
| TAT&T Inc. | $29M | 0.9% | +5.9% | 2.5 yr |
| ZTSZoetis Inc. | $29M | 0.9% | -27.2% | 3.5 yr |
| CDNSCadence Design Systems, | $29M | 0.9% | +9.3% | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors8.8%+2.9pp$286M
Asset Management8.2%+2.1pp$268M
Industrial - Machinery4.4%+0.3pp$144M
Software - Application3.3%-1.2pp$108M
Specialty Retail2.9%-0.6pp$94M
Drug Manufacturers - General2.7%+1.2pp$88M
Aerospace & Defense2.7%-1.0pp$87M
Engineering & Construction2.6%+0.7pp$85M
Financial - Credit Services2.5%+0.4pp$82M
Internet Content & Information2.5%-0.1pp$80M
Country
US86.2%-0.2pp
GB2.5%+0.1pp
IE2.5%-0.9pp
TW1.8%+0.4pp
CA1.3%+0.9pp
BR1.2%+0.4pp
JP0.8%+0.3pp
CH0.7%-0.2pp
Top 5: 8.0% · Top 10: 13.7% · Top 25: 26.0%
Top buys this quarter · 15
| FTI TechnipFMC plcnew | +$15M |
| CASY Casey's General Stores, Inc. | +$13M |
| BR Broadridge Financial Solutionsnew | +$11M |
| NOW ServiceNow, Inc. | +$7M |
| IQV IQVIA Holdings Inc. | +$7M |
| V Visa Inc. | +$7M |
| ZM Zoom Communications, Inc. | +$6M |
| AXON Axon Enterprise, Inc. | +$5M |
| ZTS Zoetis Inc. | +$5M |
| POST Post Holdings, Inc.new | +$5M |
Top sells this quarter · 15
| WDC Western Digital Corporation | −$67M |
| L Loews Corporation | −$36M |
| GRMN Garmin Ltd. | −$25M |
| FIX Comfort Systems USA, Inc. | −$23M |
| CL Colgate-Palmolive Companyexit | −$16M |
| PGR The Progressive Corporation | −$12M |
| WRB W. R. Berkley Corporationexit | −$11M |
| TSM Taiwan Semiconductor Manufactu | −$11M |
| DXCM DexCom, Inc. | −$10M |
| PH Parker-Hannifin Corporation | −$10M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.27B | 473 | +20.47% | +17.59% | +2.88% | -0.12B |
| 2025-12-31 | $3.26B | 485 | +12.41% | +17.72% | -5.31% | -0.04B |
| 2025-09-30 | $3.32B | 491 | +10.11% | +17.52% | -7.40% | -0.09B |
| 2025-06-30 | $3.23B | 469 | +12.78% | +14.94% | -2.16% | -0.06B |
| 2025-03-31 | $2.97B | 433 | +0.60% | +8.30% | -7.70% | -0.06B |
| 2024-12-31 | $3.13B | 411 | +14.87% | +24.89% | -10.01% | -0.04B |
| 2024-09-30 | $3.25B | 402 | +31.24% | +36.04% | -4.79% | -0.03B |
| 2024-06-30 | $3.04B | 387 | +19.00% | +24.49% | -5.49% | -0.00B |
| 2024-03-31 | $3.09B | 409 | +25.49% | +29.62% | -4.13% | -0.02B |
| 2023-12-31 | $2.81B | 415 | +17.03% | +26.18% | -9.15% | -0.07B |
| 2023-09-30 | $2.58B | 366 | -1.99% | -3.22% | +1.23% | -0.03B |
| 2023-06-30 | $2.66B | 380 | +3.87% | +8.68% | -4.81% | -0.08B |
| 2023-03-31 | $2.64B | 355 | +3.05% | +7.46% | -4.40% | -0.07B |
| 2022-12-31 | $2.63B | 339 | — | — | — | — |