Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.30%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.58%
steady accumulation
Rally response
+0.42%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $25M | 4.4% | +14.7% | 3.5 yr |
| MSFTMicrosoft Corporation | $18M | 3.1% | -0.6% | 3.5 yr |
| NVDANVIDIA Corporation | $15M | 2.6% | +60.9% | 3.5 yr |
| JPMJPMorgan Chase & Co. | $14M | 2.3% | +21.8% | 3.5 yr |
| AMZNAmazon.com, Inc. | $14M | 2.3% | +9.5% | 3.5 yr |
| VGITVanguard Intermediate-Te | $12M | 2.0% | — | 2.3 yr |
| SCHWThe Charles Schwab Corpo | $11M | 1.9% | +21.5% | 3.5 yr |
| METAMeta Platforms, Inc. | $10M | 1.7% | -0.4% | 3.3 yr |
| TSMTaiwan Semiconductor Man | $10M | 1.7% | +105.6% | 3.5 yr |
| VGSHVanguard Short-Term Trea | $10M | 1.6% | — | 2.8 yr |
| VZVerizon Communications I | $10M | 1.6% | +16.5% | 3.5 yr |
| BRK-BBerkshire Hathaway Inc. | $10M | 1.6% | — | 3.5 yr |
| PMPhilip Morris Internatio | $9M | 1.6% | +7.9% | 3.5 yr |
| CBLCBL & Associates Propert | $9M | 1.5% | +52.2% | 2.5 yr |
| VVisa Inc. | $8M | 1.4% | -13.1% | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management13.2%+0.9pp$77M
Semiconductors7.0%+1.4pp$41M
Consumer Electronics4.4%-0.9pp$25M
Internet Content & Information3.9%+0.8pp$22M
Software - Infrastructure3.4%-0.9pp$20M
Financial - Capital Markets3.4%+0.3pp$20M
Oil & Gas Integrated3.3%+0.4pp$19M
Banks - Diversified3.3%-0.5pp$19M
Drug Manufacturers - General3.0%+0.0pp$18M
Specialty Retail2.9%-0.1pp$17M
Country
US85.7%-0.7pp
CA2.4%+0.4pp
Unknown2.4%+0.5pp
GB2.2%-0.4pp
IE2.0%-0.0pp
TW1.7%+0.7pp
CH1.0%+0.4pp
NL0.5%+0.1pp
Top 5: 14.8% · Top 10: 23.7% · Top 25: 42.4%
Top buys this quarter · 15
| V Visa Inc. | +$3M |
| CRC California Resources Corporatinew | +$2M |
| META Meta Platforms, Inc. | +$2M |
| SF Stifel Financial Corp. | +$2M |
| VZ Verizon Communications Inc. | +$2M |
| APD Air Products and Chemicals, In | +$2M |
| AVB AvalonBay Communities, Inc. | +$2M |
| UNH UnitedHealth Group Incorporate | +$1M |
| MSFT Microsoft Corporation | +$18M |
| MRK Merck & Co., Inc. | +$1M |
Top sells this quarter · 15
| KLAC KLA Corporation | −$1M |
| CVE Cenovus Energy Inc. | −$3M |
| GLW Corning Incorporated | −$3M |
| FIS Fidelity National Information exit | −$1M |
| PCAR PACCAR Inc | −$1M |
| PLTR Palantir Technologies Inc. | −$1M |
| SU Suncor Energy Inc. | −$3M |
| WMT Walmart Inc. | −$0M |
| TSM Taiwan Semiconductor Manufactu | −$9M |
| T AT&T Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $582M | 340 | +18.83% | +17.59% | +1.24% | +0.00B |
| 2025-12-31 | $575M | 350 | +16.48% | +17.72% | -1.24% | +0.01B |
| 2025-09-30 | $552M | 337 | +16.98% | +17.52% | -0.54% | -0.01B |
| 2025-06-30 | $524M | 335 | +16.91% | +14.94% | +1.97% | -0.01B |
| 2025-03-31 | $496M | 334 | +10.39% | +8.30% | +2.09% | +0.02B |
| 2024-12-31 | $488M | 331 | +19.84% | +24.89% | -5.05% | -0.01B |
| 2024-09-30 | $487M | 335 | +29.76% | +36.04% | -6.27% | -0.00B |
| 2024-06-30 | $454M | 345 | +15.40% | +24.49% | -9.09% | +0.02B |
| 2024-03-31 | $428M | 354 | +18.30% | +29.62% | -11.32% | +0.02B |
| 2023-12-31 | $383M | 333 | +14.61% | +26.18% | -11.57% | +0.01B |
| 2023-09-30 | $336M | 294 | -4.32% | -3.22% | -1.10% | -0.25B |
| 2023-06-30 | $608M | 316 | +4.76% | +8.68% | -3.92% | +0.27B |
| 2023-03-31 | $323M | 277 | +3.64% | +7.46% | -3.82% | +0.09B |
| 2022-12-31 | $229M | 234 | — | — | — | — |