Stocks/Funds/CIK 2010235

GAMMA Investing LLC

index-like (500+ pos)long-term holder
Quarterly 13F filings · Latest period 2026-03-31 · CIK 2010235
Assets
$2.14B
+60.7% YoY
Holdings
4,110
Lifetime alpha vs market
-2.08% annual
Average hold time
2.1 yr
median 2.5 yr

Quarterly history

Cum return +34% vs S&P +41% · α -6% lifetimeAUM $2.1B · peak $2.1BFlow $206M (+10%)2023-122024-062024-122025-062025-122026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+1.10%
adds when stocks drop
when a holding falls −10%+
Middle response
+12.10%
steady accumulation
Rally response
+17.00%
adds into rallies
when a holding rises +10%+

Top positions · 30

Ticker$ value% portYoYHold time
NVDANVIDIA Corporation$109M5.1%+60.9%2.5 yr
AAPLApple Inc.$95M4.4%+14.7%2.5 yr
MSFTMicrosoft Corporation$67M3.1%-0.6%2.5 yr
AMZNAmazon.com, Inc.$48M2.2%+9.5%2.5 yr
GOOGLAlphabet Inc.$45M2.1%2.5 yr
AVGOBroadcom Inc.$42M2.0%+86.0%2.5 yr
GOOGAlphabet Inc.$35M1.7%+84.3%2.5 yr
JPMJPMorgan Chase & Co.$31M1.5%+21.8%2.5 yr
METAMeta Platforms, Inc.$30M1.4%-0.4%2.5 yr
IEMGiShares Core MSCI Emergi$30M1.4%2.5 yr
TSLATesla, Inc.$23M1.1%+43.4%2.5 yr
MUBiShares National Muni Bo$23M1.1%2.5 yr
LLYEli Lilly and Company$21M1.0%+12.2%2.5 yr
XOMExxon Mobil Corporation$21M1.0%+47.6%2.5 yr
BIVVanguard Intermediate-Te$21M1.0%2.5 yr

Portfolio composition (YoY)

Industry mix
Semiconductors11.0%+3.8pp$236M
Asset Management8.6%-2.5pp$183M
Internet Content & Information5.3%+1.1pp$113M
Software - Infrastructure4.6%-0.3pp$99M
Consumer Electronics4.5%-0.1pp$97M
Drug Manufacturers - General4.2%+0.3pp$89M
Banks - Diversified2.9%-0.1pp$62M
Specialty Retail2.9%-0.1pp$62M
Asset Management - Bonds2.7%-1.2pp$58M
Aerospace & Defense2.3%+0.6pp$50M
Country
US91.4%-0.9pp
JP1.1%+0.2pp
GB1.0%-0.0pp
IE1.0%-0.1pp
Unknown0.8%+0.2pp
CH0.6%+0.1pp
DE0.5%-0.1pp
FR0.4%+0.0pp
Top 5: 16.9% · Top 10: 24.8% · Top 25: 36.8%

Winners

TickerPrev $PnLYoY %
NVDA$49M+0.03B60.9%
AVGO$17M+0.01B86.0%
GOOG$14M+0.01B84.3%
AAPL$60M+0.01B14.7%
JPM$24M+0.01B21.8%

Losers

TickerPrev $PnLYoY %
V$15M-0.00B-13.1%
HD$10M-0.00B-8.0%
MA$8M-0.00B-8.5%
MSFT$47M-0.00B-0.6%
META$23M-0.00B-0.4%

Top buys this quarter · 15

NVDA NVIDIA Corporation+$109M
AAPL Apple Inc.+$95M
GOOG Alphabet Inc.+$35M
XOM Exxon Mobil Corporation+$3M
AVGO Broadcom Inc.+$42M
JNJ Johnson & Johnson+$3M
AMZN Amazon.com, Inc.+$48M
COST Costco Wholesale Corporation+$2M
CVX Chevron Corporation+$2M
META Meta Platforms, Inc.+$30M

Top sells this quarter · 15

SPY State Street SPDR S&P 500 ETF $1M
EXAS Exact Sciences Corporationexit$1M
DHR Danaher Corporation$0M
BSX Boston Scientific Corporation$0M
KKR KKR & Co. Inc.$0M
GIS General Mills, Inc.$0M
QCOM QUALCOMM Incorporated$0M
CAG Conagra Brands, Inc.$0M
TDG TransDigm Group Incorporated$0M
SWKS Skyworks Solutions, Inc.$0M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$2.14B4110+18.51%+17.59%+0.92%+0.21B
2025-12-31$1.99B4065+16.64%+17.72%-1.08%+0.14B
2025-09-30$1.81B3844+16.40%+17.52%-1.12%+0.11B
2025-06-30$1.58B3768+14.59%+14.94%-0.35%+0.10B
2025-03-31$1.33B3793+4.06%+8.30%-4.25%+0.21B
2024-12-31$1.17B3776+18.26%+24.89%-6.63%+0.15B
2024-09-30$1.01B3575+6.21%+5.75%+0.46%+0.23B
2024-06-30$734M3445+0.72%+4.38%-3.66%+0.24B
2024-03-31$491M3306+8.74%+10.39%-1.65%+0.09B
2023-12-31$369M3185