Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.40%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.65%
steady accumulation
Rally response
-0.39%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BRK-BBerkshire Hathaway Inc. | $209M | 24.0% | — | 2.5 yr |
| XOMExxon Mobil Corporation | $75M | 8.6% | +47.6% | 2.0 yr |
| OXY-WTOccidental Petroleum Cor | $50M | 5.8% | — | 1.8 yr |
| CBChubb Limited | $30M | 3.4% | +9.3% | 2.5 yr |
| OXYOccidental Petroleum Cor | $28M | 3.2% | +34.6% | 1.8 yr |
| INTCIntel Corporation | $27M | 3.1% | +94.3% | 1.8 yr |
| QCOMQUALCOMM Incorporated | $25M | 2.9% | -14.2% | 2.3 yr |
| MRKMerck & Co., Inc. | $22M | 2.6% | +38.9% | 1.8 yr |
| JNJJohnson & Johnson | $21M | 2.4% | +51.5% | 2.5 yr |
| CVXChevron Corporation | $13M | 1.6% | +29.2% | 2.3 yr |
| MOAltria Group, Inc. | $13M | 1.5% | +15.8% | 2.5 yr |
| PEPPepsiCo, Inc. | $13M | 1.4% | +7.7% | 2.0 yr |
| GISGeneral Mills, Inc. | $12M | 1.4% | -35.7% | 1.8 yr |
| PFEPfizer Inc. | $12M | 1.3% | +18.8% | 1.8 yr |
| RKTRocket Companies, Inc. | $11M | 1.2% | +18.1% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Insurance - Diversified24.3%-6.8pp$211M
Asset Management11.3%-4.2pp$98M
Oil & Gas Exploration & Production11.0%+3.1pp$96M
Oil & Gas Integrated10.1%+2.5pp$88M
Drug Manufacturers - General7.4%+0.5pp$64M
Semiconductors6.6%+1.1pp$57M
Insurance - Property & Casualty3.4%+3.2pp$30M
Tobacco2.6%+0.0pp$22M
Packaged Foods2.2%+1.2pp$19M
Beverages - Non-Alcoholic1.9%+0.8pp$17M
Country
US92.0%-3.0pp
CH3.4%+3.2pp
GB1.9%+0.6pp
BM1.0%+0.6pp
CN0.7%-0.8pp
IE0.4%+0.2pp
DK0.4%
NL0.1%-0.0pp
Top 5: 45.0% · Top 10: 57.4% · Top 25: 74.4%
Top buys this quarter · 15
| CB Chubb Limited | +$9M |
| PYPL PayPal Holdings, Inc. | +$7M |
| QCOM QUALCOMM Incorporated | +$25M |
| GIS General Mills, Inc. | +$3M |
| NVO Novo Nordisk A/Snew | +$3M |
| DEO Diageo plc | +$2M |
| KHC The Kraft Heinz Company | +$1M |
| BF-B Brown-Forman Corporation | +$1M |
| OXY Occidental Petroleum Corporati | +$1M |
| NVDA NVIDIA Corporation | +$0M |
Top sells this quarter · 15
| INTC Intel Corporation | −$26M |
| XOM Exxon Mobil Corporation | −$56M |
| PAYC Paycom Software, Inc. | −$2M |
| BABA Alibaba Group Holding Limited | −$1M |
| HPQ HP Inc. | −$1M |
| OGN Organon & Co. | −$1M |
| GNRC Generac Holdings Inc. | −$1M |
| MO Altria Group, Inc. | −$12M |
| BTI British American Tobacco p.l.c | −$1M |
| ALLY Ally Financial Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $870M | 157 | +24.67% | +17.59% | +7.08% | -0.08B |
| 2025-12-31 | $863M | 170 | +17.44% | +17.72% | -0.28% | -0.02B |
| 2025-09-30 | $857M | 177 | +7.50% | +17.52% | -10.02% | -0.02B |
| 2025-06-30 | $784M | 169 | -0.82% | +14.94% | -15.76% | -0.02B |
| 2025-03-31 | $822M | 167 | +5.53% | +8.30% | -2.77% | +0.02B |
| 2024-12-31 | $774M | 172 | +9.03% | +24.89% | -15.86% | +0.00B |
| 2024-09-30 | $814M | 164 | +2.66% | +5.75% | -3.09% | +0.66B |
| 2024-06-30 | $150M | 76 | +4.69% | +4.38% | +0.31% | +0.00B |
| 2024-03-31 | $141M | 74 | +7.27% | +10.39% | -3.13% | +0.00B |
| 2023-12-31 | $129M | 74 | — | — | — | — |