Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.10%
trims when stocks drop
when a holding falls −10%+
Middle response
-13.39%
baseline attrition
Rally response
-22.28%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| LNGCheniere Energy, Inc. | $18M | 0.8% | +23.8% | 1.8 yr |
| BSXBoston Scientific Corpor | $18M | 0.8% | -37.8% | 1.5 yr |
| COSTCostco Wholesale Corpora | $18M | 0.8% | +5.9% | 1.3 yr |
| ABTAbbott Laboratories | $18M | 0.8% | -21.1% | 1.5 yr |
| CLColgate-Palmolive Compan | $18M | 0.8% | -6.8% | 1.8 yr |
| FDXFedEx Corporation | $18M | 0.8% | +49.3% | 1.0 yr |
| CVXChevron Corporation | $18M | 0.8% | +29.2% | 1.0 yr |
| OXYOccidental Petroleum Cor | $18M | 0.8% | +34.6% | 2.0 yr |
| LMTLockheed Martin Corporat | $18M | 0.8% | +39.0% | 2.5 yr |
| MDTMedtronic plc | $18M | 0.8% | -1.3% | 1.3 yr |
| PCGPG&E Corporation | $18M | 0.8% | +2.9% | 1.8 yr |
| PLTRPalantir Technologies In | $18M | 0.8% | +73.3% | 1.5 yr |
| BLKBlackRock, Inc. | $18M | 0.8% | +3.7% | 0.5 yr |
| TTTrane Technologies plc | $18M | 0.8% | +24.8% | 1.8 yr |
| MAMastercard Incorporated | $18M | 0.8% | -8.5% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Industrial - Machinery3.7%+1.7pp$80M
Medical - Devices3.6%+2.9pp$78M
Aerospace & Defense3.5%+0.5pp$76M
Financial - Credit Services3.4%+1.8pp$73M
Semiconductors3.0%-2.1pp$66M
Software - Infrastructure3.0%-0.9pp$64M
Asset Management2.9%+0.5pp$62M
Banks - Regional2.8%+0.7pp$61M
Regulated Electric2.8%+0.7pp$61M
Software - Application2.7%-1.3pp$58M
Country
US86.4%-0.2pp
CA3.4%+0.7pp
IE3.2%+2.1pp
GB1.7%-1.5pp
Unknown1.0%-0.6pp
BM0.7%+0.2pp
SG0.6%+0.5pp
UY0.6%-0.4pp
Top 5: 4.1% · Top 10: 8.2% · Top 25: 19.8%
Top buys this quarter · 15
| FDX FedEx Corporation | +$17M |
| MDT Medtronic plc | +$16M |
| LMT Lockheed Martin Corporation | +$16M |
| CL Colgate-Palmolive Company | +$14M |
| PH Parker-Hannifin Corporation | +$14M |
| MSFT Microsoft Corporation | +$14M |
| DIS The Walt Disney Company | +$13M |
| LNG Cheniere Energy, Inc. | +$12M |
| VLO Valero Energy Corporation | +$12M |
| RKLB Rocket Lab USA, Inc. | +$11M |
Top sells this quarter · 15
| XOM Exxon Mobil Corporationexit | −$21M |
| COP ConocoPhillips | −$20M |
| GEV GE Vernova Inc.exit | −$17M |
| AMAT Applied Materials, Inc. | −$17M |
| ETN Eaton Corporation plcexit | −$17M |
| NFLX Netflix, Inc.exit | −$15M |
| PG The Procter & Gamble Companyexit | −$15M |
| C Citigroup Inc.exit | −$14M |
| EOG EOG Resources, Inc.exit | −$14M |
| SCHW The Charles Schwab Corporationexit | −$14M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.17B | 855 | +23.47% | +17.59% | +5.87% | +0.26B |
| 2025-12-31 | $1.84B | 848 | +16.33% | +17.72% | -1.38% | +0.45B |
| 2025-09-30 | $1.34B | 783 | +12.55% | +17.52% | -4.97% | -0.01B |
| 2025-06-30 | $1.26B | 749 | +13.11% | +14.94% | -1.83% | +0.16B |
| 2025-03-31 | $1.03B | 682 | +4.12% | +8.30% | -4.18% | +0.08B |
| 2024-12-31 | $968M | 689 | +9.07% | +24.89% | -15.81% | +0.01B |
| 2024-09-30 | $952M | 686 | +7.22% | +5.75% | +1.47% | -0.04B |
| 2024-06-30 | $925M | 640 | -1.52% | +4.38% | -5.90% | +0.00B |
| 2024-03-31 | $938M | 695 | +2.12% | +10.39% | -8.27% | +0.39B |
| 2023-12-31 | $539M | 532 | — | — | — | — |