Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.21%
trims when stocks drop
when a holding falls −10%+
Middle response
+2.17%
steady accumulation
Rally response
-0.13%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGAlphabet Inc. | $501M | 6.4% | +84.3% | 8.3 yr |
| AAPLApple Inc. | $456M | 5.8% | +14.7% | 8.3 yr |
| MSFTMicrosoft Corporation | $407M | 5.2% | -0.6% | 8.3 yr |
| AMZNAmazon.com, Inc. | $253M | 3.2% | +9.5% | 8.3 yr |
| VOOVanguard S&P 500 ETF | $237M | 3.0% | — | 8.3 yr |
| NVDANVIDIA Corporation | $236M | 3.0% | +60.9% | 7.0 yr |
| JPMJPMorgan Chase & Co. | $227M | 2.9% | +21.8% | 8.3 yr |
| BRK-BBerkshire Hathaway Inc. | $183M | 2.3% | — | 8.3 yr |
| MAMastercard Incorporated | $172M | 2.2% | -8.5% | 8.3 yr |
| IEFAiShares Core MSCI EAFE E | $171M | 2.2% | — | 8.3 yr |
| GOOGLAlphabet Inc. | $154M | 2.0% | — | 8.3 yr |
| TJXThe TJX Companies, Inc. | $152M | 1.9% | +32.7% | 8.3 yr |
| PGThe Procter & Gamble Com | $151M | 1.9% | -12.9% | 8.3 yr |
| COSTCostco Wholesale Corpora | $142M | 1.8% | +5.9% | 8.3 yr |
| ADIAnalog Devices, Inc. | $126M | 1.6% | +60.2% | 8.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management17.3%+2.6pp$1.35B
Internet Content & Information9.8%+4.2pp$763M
Semiconductors7.3%+2.9pp$572M
Software - Infrastructure6.2%+0.6pp$484M
Consumer Electronics5.8%+0.2pp$457M
Specialty Retail3.6%+1.1pp$279M
Drug Manufacturers - General3.4%-1.1pp$266M
Banks - Diversified3.3%+0.2pp$255M
Asset Management - Bonds3.2%+0.4pp$250M
Insurance - Diversified3.0%-1.0pp$233M
Country
US93.6%-0.7pp
IE2.1%+0.6pp
GB1.6%-0.2pp
CH1.1%-0.1pp
NL1.1%+0.4pp
Unknown0.3%+0.0pp
CA0.1%-0.0pp
SG0.0%+0.0pp
Top 5: 23.7% · Top 10: 36.4% · Top 25: 59.1%
Top buys this quarter · 15
| ORLY O'Reilly Automotive, Inc. | +$24M |
| AVGO Broadcom Inc. | +$19M |
| PANW Palo Alto Networks, Inc. | +$14M |
| UBER Uber Technologies, Inc. | +$11M |
| NVDA NVIDIA Corporation | +$11M |
| ETN Eaton Corporation plc | +$10M |
| META Meta Platforms, Inc. | +$107M |
| LIN Linde plc | +$6M |
| NEE NextEra Energy, Inc. | +$4M |
| MSFT Microsoft Corporation | +$407M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $7.81B | 1273 | +9.58% | +17.59% | -8.01% | +0.50B |
| 2025-12-31 | $7.64B | 1225 | +12.11% | +17.72% | -5.61% | -0.09B |
| 2025-09-30 | $7.56B | 1197 | +8.63% | +17.52% | -8.88% | -0.05B |
| 2025-06-30 | $7.16B | 1244 | +8.35% | +14.94% | -6.59% | +0.01B |
| 2025-03-31 | $6.79B | 1228 | +5.07% | +8.30% | -3.23% | +0.04B |
| 2024-12-31 | $6.89B | 1124 | +14.94% | +24.89% | -9.95% | -0.01B |
| 2024-09-30 | $6.97B | 1128 | +29.11% | +36.04% | -6.92% | -0.01B |
| 2024-06-30 | $6.59B | 1134 | +17.55% | +24.49% | -6.94% | -0.05B |
| 2024-03-31 | $6.50B | 1126 | +22.20% | +29.62% | -7.43% | -0.10B |
| 2023-12-31 | $6.16B | 1242 | +19.99% | +26.18% | -6.19% | -0.04B |
| 2023-09-30 | $5.57B | 1179 | +16.45% | +21.57% | -5.12% | -0.01B |
| 2023-06-30 | $5.78B | 1154 | +14.23% | +19.42% | -5.20% | +0.28B |
| 2023-03-31 | $5.18B | 1062 | -5.45% | -7.82% | +2.37% | -0.05B |
| 2022-12-31 | $4.97B | 1099 | -14.24% | -18.17% | +3.94% | -0.06B |
| 2022-09-30 | $4.65B | 1180 | -11.86% | -15.51% | +3.65% | -0.02B |
| 2022-06-30 | $4.94B | 1301 | -6.30% | -10.62% | +4.32% | -0.09B |