Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-9.16%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.01%
baseline attrition
Rally response
-8.81%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $539M | 8.2% | +29.9% | 1.5 yr |
| AAPLApple Inc. | $474M | 7.2% | +1.9% | 1.5 yr |
| MSFTMicrosoft Corporation | $316M | 4.8% | -11.3% | 1.5 yr |
| GOOGLAlphabet Inc. | $225M | 3.4% | — | 1.5 yr |
| AMZNAmazon.com, Inc. | $207M | 3.1% | -5.1% | 1.5 yr |
| GOOGAlphabet Inc. | $166M | 2.5% | +51.3% | 1.5 yr |
| METAMeta Platforms, Inc. | $161M | 2.4% | -1.9% | 1.5 yr |
| AVGOBroadcom Inc. | $158M | 2.4% | +34.7% | 1.5 yr |
| TSLATesla, Inc. | $111M | 1.7% | -7.9% | 1.5 yr |
| LLYEli Lilly and Company | $91M | 1.4% | +20.2% | 1.5 yr |
| VVisa Inc. | $89M | 1.3% | -3.5% | 1.5 yr |
| JPMJPMorgan Chase & Co. | $88M | 1.3% | +25.2% | 1.5 yr |
| COSTCostco Wholesale Corpora | $85M | 1.3% | +9.5% | 1.5 yr |
| XOMExxon Mobil Corporation | $83M | 1.3% | +64.6% | 0.3 yr |
| MAMastercard Incorporated | $81M | 1.2% | -4.6% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors15.0%+3.8pp$988M
Internet Content & Information8.4%+0.7pp$556M
Consumer Electronics7.2%-0.7pp$474M
Software - Infrastructure6.9%-1.8pp$457M
Specialty Retail4.0%-1.6pp$266M
Drug Manufacturers - General3.9%+0.9pp$258M
Financial - Credit Services3.9%-0.6pp$257M
Software - Application3.1%-1.3pp$203M
Discount Stores2.4%-0.0pp$161M
Banks - Diversified2.3%+0.8pp$152M
Country
US96.3%+0.9pp
IE2.0%+0.3pp
GB0.8%+0.1pp
Unknown0.3%+0.2pp
PE0.3%+0.1pp
BR0.2%
IL0.1%-0.3pp
UY0.1%-0.1pp
Top 5: 26.7% · Top 10: 37.1% · Top 25: 51.8%
Top buys this quarter · 15
| XOM Exxon Mobil Corporationnew | +$83M |
| NFLX Netflix, Inc. | +$55M |
| CVX Chevron Corporationnew | +$44M |
| TJX The TJX Companies, Inc. | +$39M |
| MU Micron Technology, Inc. | +$37M |
| LMT Lockheed Martin Corporation | +$34M |
| LLY Eli Lilly and Company | +$32M |
| CL Colgate-Palmolive Company | +$32M |
| NEM Newmont Corporation | +$31M |
| ED Consolidated Edison, Inc. | +$31M |
Top sells this quarter · 15
| JBL Jabil Inc. | −$48M |
| CAT Caterpillar Inc. | −$42M |
| WAB Westinghouse Air Brake Technol | −$40M |
| LRCX Lam Research Corporation | −$39M |
| NVDA NVIDIA Corporation | −$39M |
| AMAT Applied Materials, Inc. | −$37M |
| SPG Simon Property Group, Inc.exit | −$37M |
| ELS Equity LifeStyle Properties, Iexit | −$32M |
| HD The Home Depot, Inc. | −$31M |
| FFIV F5, Inc. | −$29M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $6.60B | 235 | +10.55% | +9.65% | +0.90% | -0.39B |
| 2025-09-30 | $7.26B | 232 | +44.57% | +17.52% | +27.05% | -0.08B |
| 2025-06-30 | $6.82B | 240 | +12.85% | +10.78% | +2.07% | +0.18B |
| 2025-03-31 | $5.88B | 251 | -5.55% | -4.27% | -1.28% | -0.04B |
| 2024-12-31 | $6.27B | 248 | +25.92% | +2.49% | +23.43% | -2.88B |
| 2023-12-31 | $7.27B | 234 | — | — | — | — |