Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-30.95%
trims when stocks drop
when a holding falls −10%+
Middle response
-21.42%
baseline attrition
Rally response
-29.98%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MRKMerck & Co., Inc. | $95M | 1.4% | +38.9% | 2.0 yr |
| MUMicron Technology, Inc. | $92M | 1.4% | +289.6% | 2.0 yr |
| COSTCostco Wholesale Corpora | $70M | 1.0% | +5.9% | 1.5 yr |
| BKRBaker Hughes Company | $70M | 1.0% | +41.7% | 1.0 yr |
| PFEPfizer Inc. | $70M | 1.0% | +18.8% | 1.0 yr |
| EQIXEquinix, Inc. | $69M | 1.0% | +23.0% | 2.0 yr |
| LITELumentum Holdings Inc. | $68M | 1.0% | +1027.3% | 2.0 yr |
| AAPLApple Inc. | $68M | 1.0% | +14.7% | 1.8 yr |
| WMBThe Williams Companies, | $65M | 1.0% | +25.8% | 1.0 yr |
| PMPhilip Morris Internatio | $65M | 1.0% | +7.9% | 0.8 yr |
| INTCIntel Corporation | $61M | 0.9% | +94.3% | 1.8 yr |
| MDTMedtronic plc | $61M | 0.9% | -1.3% | 0.3 yr |
| GMGeneral Motors Company | $59M | 0.9% | +60.0% | 1.0 yr |
| TJXThe TJX Companies, Inc. | $59M | 0.9% | +32.7% | 1.0 yr |
| TOTB.DETotalEnergies SE | $58M | 0.9% | +41.2% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology4.5%+2.8pp$301M
Semiconductors4.0%+1.7pp$265M
Oil & Gas Exploration & Production3.7%+2.8pp$248M
Drug Manufacturers - General3.5%+2.0pp$237M
Oil & Gas Midstream3.4%-1.1pp$226M
Medical - Devices3.2%+1.7pp$214M
Regulated Electric3.2%-2.8pp$212M
REIT - Retail2.8%+2.4pp$190M
Restaurants2.7%$183M
Specialty Retail2.5%+2.3pp$167M
Country
US90.0%+35.5pp
IE2.2%-4.2pp
Unknown1.4%+0.8pp
CA1.3%-27.0pp
CH1.0%-6.8pp
FR0.9%
GB0.8%+0.3pp
BM0.6%+0.3pp
Top 5: 5.9% · Top 10: 11.0% · Top 25: 23.6%
Top buys this quarter · 15
| MDT Medtronic plcnew | +$61M |
| SHW The Sherwin-Williams Companynew | +$56M |
| TOTB.DE TotalEnergies SEnew | +$51M |
| A Agilent Technologies, Inc. | +$39M |
| CMG Chipotle Mexican Grill, Inc. | +$38M |
| VEEV Veeva Systems Inc. | +$38M |
| CI Cigna Corporation | +$34M |
| DOW Dow Inc. | +$33M |
| CF CF Industries Holdings, Inc.new | +$29M |
| GRMN Garmin Ltd. | +$27M |
Top sells this quarter · 15
| KR The Kroger Co. | −$38M |
| DIS The Walt Disney Companyexit | −$38M |
| SYK Stryker Corporationexit | −$35M |
| MCD McDonald's Corporation | −$33M |
| EXAS Exact Sciences Corporationexit | −$29M |
| LNG Cheniere Energy, Inc. | −$27M |
| EXE Expand Energy Corporation | −$26M |
| QCOM QUALCOMM Incorporatedexit | −$25M |
| NTAP NetApp, Inc.exit | −$24M |
| HUM Humana Inc. | −$22M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $6.68B | 955 | +28.10% | +17.59% | +10.51% | +0.06B |
| 2025-12-31 | $6.43B | 987 | +19.86% | +17.72% | +2.14% | +0.01B |
| 2025-09-30 | $6.27B | 1022 | +17.58% | +17.52% | +0.06% | +1.32B |
| 2025-06-30 | $4.56B | 829 | +18.36% | +14.94% | +3.42% | +4.30B |
| 2025-03-31 | $233M | 160 | +2.52% | +8.30% | -5.78% | +0.20B |
| 2024-12-31 | $30M | 16 | +15.45% | +24.89% | -9.44% | -1.44B |
| 2024-09-30 | $1.46B | 347 | +9.45% | +5.75% | +3.70% | -1.19B |
| 2024-06-30 | $2.43B | 498 | -3.11% | +4.38% | -7.49% | -1.73B |
| 2024-03-31 | $4.29B | 777 | +8.40% | +10.39% | -2.00% | -1.79B |
| 2023-12-31 | $5.62B | 990 | — | — | — | — |