Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.47%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.01%
baseline attrition
Rally response
-2.23%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $616M | 6.5% | +60.9% | 2.3 yr |
| AAPLApple Inc. | $592M | 6.3% | +14.7% | 2.3 yr |
| MSFTMicrosoft Corporation | $409M | 4.3% | -0.6% | 2.3 yr |
| AVGOBroadcom Inc. | $248M | 2.6% | +86.0% | 2.3 yr |
| GOOGLAlphabet Inc. | $243M | 2.6% | — | 2.3 yr |
| GOOGAlphabet Inc. | $219M | 2.3% | +84.3% | 2.3 yr |
| AMZNAmazon.com, Inc. | $215M | 2.3% | +9.5% | 2.3 yr |
| METAMeta Platforms, Inc. | $184M | 2.0% | -0.4% | 2.3 yr |
| LLYEli Lilly and Company | $150M | 1.6% | +12.2% | 2.3 yr |
| XOMExxon Mobil Corporation | $112M | 1.2% | +47.6% | 2.3 yr |
| TSLATesla, Inc. | $106M | 1.1% | +43.4% | 2.3 yr |
| JNJJohnson & Johnson | $100M | 1.1% | +51.5% | 2.3 yr |
| JPMJPMorgan Chase & Co. | $93M | 1.0% | +21.8% | 2.3 yr |
| VVisa Inc. | $92M | 1.0% | -13.1% | 2.3 yr |
| NFLXNetflix, Inc. | $86M | 0.9% | +3.1% | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors12.5%+3.5pp$1.17B
Internet Content & Information7.4%+0.9pp$702M
Software - Infrastructure6.4%-1.1pp$605M
Consumer Electronics6.3%+0.6pp$592M
Drug Manufacturers - General5.7%+0.6pp$535M
Banks - Diversified3.5%+0.4pp$326M
Specialty Retail2.7%-0.8pp$259M
Software - Application2.6%-2.0pp$246M
Financial - Credit Services2.3%-1.2pp$213M
Unknown2.2%+0.5pp$212M
Country
US91.2%+0.9pp
CA2.3%+0.8pp
Unknown2.2%+0.5pp
IE1.2%-1.8pp
LU0.5%+0.1pp
FR0.5%
CH0.5%-0.2pp
BM0.4%-0.2pp
Top 5: 22.4% · Top 10: 31.7% · Top 25: 44.9%
Top buys this quarter · 15
| AAPL Apple Inc. | +$592M |
| TGT Target Corporation | +$51M |
| NFLX Netflix, Inc. | +$48M |
| APH Amphenol Corporation | +$43M |
| VZ Verizon Communications Inc. | +$41M |
| PG The Procter & Gamble Company | +$38M |
| SPOT Spotify Technology S.A. | +$36M |
| AVGO Broadcom Inc. | +$248M |
| NDAQ Nasdaq, Inc. | +$35M |
| PFE Pfizer Inc. | +$34M |
Top sells this quarter · 15
| MRK Merck & Co., Inc. | −$48M |
| TER Teradyne, Inc. | −$47M |
| COF Capital One Financial Corporat | −$43M |
| HAL Halliburton Company | −$40M |
| BAC Bank of America Corporation | −$38M |
| CTSH Cognizant Technology Solutions | −$34M |
| TEL TE Connectivity Ltd. | −$33M |
| TSLA Tesla, Inc. | −$33M |
| NVDA NVIDIA Corporation | −$32M |
| EL The Estée Lauder Companies Inexit | −$29M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $9.42B | 431 | +16.08% | +17.59% | -1.51% | -0.11B |
| 2025-12-31 | $10.01B | 408 | +16.76% | +17.72% | -0.96% | +0.28B |
| 2025-09-30 | $9.51B | 410 | +15.52% | +17.52% | -2.00% | +0.53B |
| 2025-06-30 | $8.35B | 398 | +12.73% | +14.94% | -2.21% | +0.36B |
| 2025-03-31 | $7.21B | 427 | +3.75% | +8.30% | -4.55% | -0.17B |
| 2024-12-31 | $7.71B | 428 | +1.16% | +2.49% | -1.33% | +0.49B |
| 2024-09-30 | $7.13B | 423 | +4.98% | +5.75% | -0.77% | +0.72B |
| 2024-06-30 | $6.11B | 392 | +1.99% | +4.38% | -2.39% | -0.17B |
| 2024-03-31 | $6.15B | 377 | — | — | — | — |