Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.94%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.46%
baseline attrition
Rally response
-8.94%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $479M | 6.6% | +60.9% | 3.5 yr |
| MSFTMicrosoft Corporation | $456M | 6.2% | -0.6% | 3.5 yr |
| AMZNAmazon.com, Inc. | $392M | 5.4% | +9.5% | 3.5 yr |
| AAPLApple Inc. | $326M | 4.5% | +14.7% | 3.5 yr |
| VVisa Inc. | $236M | 3.2% | -13.1% | 3.5 yr |
| AVGOBroadcom Inc. | $189M | 2.6% | +86.0% | 3.5 yr |
| LLYEli Lilly and Company | $172M | 2.4% | +12.2% | 3.5 yr |
| TSMTaiwan Semiconductor Man | $170M | 2.3% | +105.6% | 3.3 yr |
| MAMastercard Incorporated | $167M | 2.3% | -8.5% | 3.5 yr |
| GOOGLAlphabet Inc. | $151M | 2.1% | — | 3.5 yr |
| LINLinde plc | $123M | 1.7% | +7.9% | 3.3 yr |
| METAMeta Platforms, Inc. | $112M | 1.5% | -0.4% | 3.5 yr |
| GOOGAlphabet Inc. | $107M | 1.5% | +84.3% | 3.5 yr |
| TMOThermo Fisher Scientific | $104M | 1.4% | -0.9% | 3.5 yr |
| TSLATesla, Inc. | $98M | 1.3% | +43.4% | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors16.2%+3.6pp$1.18B
Software - Infrastructure8.6%-3.3pp$630M
Specialty Retail6.3%+0.6pp$462M
Financial - Credit Services5.8%-0.5pp$427M
Internet Content & Information5.5%+0.6pp$404M
Consumer Electronics4.5%+1.3pp$330M
Drug Manufacturers - General4.4%+0.1pp$325M
Aerospace & Defense4.1%+2.8pp$297M
Software - Application3.8%-4.4pp$277M
Medical - Devices2.5%-0.3pp$182M
Country
US88.2%+0.4pp
IE2.4%+0.5pp
TW2.3%+0.6pp
GB2.2%-0.9pp
CA1.0%+0.2pp
MX0.6%-0.3pp
PE0.6%+0.5pp
DE0.5%+0.0pp
Top 5: 25.8% · Top 10: 37.4% · Top 25: 54.3%
Top buys this quarter · 15
| WELL Welltower Inc. | +$39M |
| NFLX Netflix, Inc. | +$38M |
| BAP Credicorp Ltd. | +$36M |
| CEG Constellation Energy Corporati | +$33M |
| ISRG Intuitive Surgical, Inc. | +$30M |
| CRWD CrowdStrike Holdings, Inc. | +$28M |
| MU Micron Technology, Inc. | +$24M |
| TEL TE Connectivity Ltd. | +$22M |
| WDC Western Digital Corporation | +$20M |
| T AT&T Inc. | +$20M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $7.31B | 388 | +19.26% | +17.59% | +1.67% | -0.78B |
| 2025-12-31 | $8.63B | 408 | +20.35% | +17.72% | +2.64% | +0.32B |
| 2025-09-30 | $8.13B | 385 | +23.04% | +17.52% | +5.53% | +0.52B |
| 2025-06-30 | $7.11B | 367 | +22.07% | +14.94% | +7.13% | -0.42B |
| 2025-03-31 | $6.48B | 363 | +8.78% | +8.30% | +0.48% | -0.53B |
| 2024-12-31 | $7.40B | 361 | +23.97% | +24.89% | -0.92% | +0.46B |
| 2024-09-30 | $6.65B | 353 | +32.75% | +36.04% | -3.29% | +4.06B |
| 2024-06-30 | $2.43B | 311 | +19.50% | +24.49% | -4.99% | -0.16B |
| 2024-03-31 | $2.51B | 315 | +22.48% | +29.62% | -7.15% | -2.23B |
| 2023-12-31 | $4.39B | 387 | +20.38% | +26.18% | -5.80% | -0.54B |
| 2023-09-30 | $4.41B | 433 | -4.33% | -3.22% | -1.11% | +0.47B |
| 2023-06-30 | $4.13B | 380 | +6.09% | +8.68% | -2.59% | +0.05B |
| 2023-03-31 | $3.84B | 423 | +6.10% | +7.46% | -1.36% | +0.22B |
| 2022-12-31 | $3.41B | 414 | — | — | — | — |