Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+9.27%
adds when stocks drop
when a holding falls −10%+
Middle response
-5.24%
baseline attrition
Rally response
-33.00%
trims into rallies
when a holding rises +10%+
Top positions · 17
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MSFTMicrosoft Corporation | $105M | 11.2% | -0.6% | 1.5 yr |
| NVDANVIDIA Corporation | $99M | 10.6% | +60.9% | 1.3 yr |
| AMZNAmazon.com, Inc. | $98M | 10.5% | +9.5% | 1.8 yr |
| TSMTaiwan Semiconductor Man | $81M | 8.7% | +105.6% | 1.3 yr |
| SPGIS&P Global Inc. | $75M | 8.0% | -15.6% | 1.3 yr |
| SHWThe Sherwin-Williams Com | $67M | 7.2% | -7.4% | 1.3 yr |
| MELIMercadoLibre, Inc. | $67M | 7.2% | -11.4% | 1.5 yr |
| FXIiShares China Large-Cap | $66M | 7.1% | — | 1.0 yr |
| GOOGLAlphabet Inc. | $66M | 7.1% | — | 0.8 yr |
| METAMeta Platforms, Inc. | $53M | 5.7% | -0.4% | 1.3 yr |
| DHRDanaher Corporation | $53M | 5.7% | -7.1% | 1.0 yr |
| LLYEli Lilly and Company | $35M | 3.7% | +12.2% | 0.8 yr |
| TMOThermo Fisher Scientific | $30M | 3.2% | -0.9% | 0.5 yr |
| UNHUnitedHealth Group Incor | $14M | 1.5% | -46.9% | 0.5 yr |
| IBITiShares Bitcoin Trust ET | $14M | 1.5% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors19.3%+7.2pp$180M
Specialty Retail17.7%+5.3pp$165M
Internet Content & Information12.8%+9.9pp$119M
Software - Infrastructure11.2%-1.0pp$105M
Medical - Diagnostics & Research8.8%+4.6pp$83M
Asset Management8.6%-28.0pp$80M
Financial - Data & Stock Exchanges8.0%+4.9pp$75M
Chemicals - Specialty7.2%+0.5pp$67M
Drug Manufacturers - General3.7%$35M
Medical - Healthcare Plans1.5%$14M
Country
US83.3%-9.6pp
TW8.7%+3.0pp
UY7.2%+5.8pp
BR0.8%
Top 5: 49.0% · Top 10: 83.2% · Top 25: 100.0%
Top buys this quarter · 7
| TSM Taiwan Semiconductor Manufactu | +$81M |
| NVDA NVIDIA Corporation | +$39M |
| MELI MercadoLibre, Inc. | +$39M |
| AMZN Amazon.com, Inc. | +$22M |
| SPGI S&P Global Inc. | +$75M |
| MSFT Microsoft Corporation | +$105M |
| GOOGL Alphabet Inc. | +$0M |
Top sells this quarter · 10
| TMO Thermo Fisher Scientific Inc. | −$81M |
| GEV GE Vernova Inc. | −$76M |
| DHR Danaher Corporation | −$42M |
| TRU TransUnionexit | −$42M |
| UNH UnitedHealth Group Incorporate | −$40M |
| SHW The Sherwin-Williams Company | −$24M |
| META Meta Platforms, Inc. | −$11M |
| LLY Eli Lilly and Company | −$35M |
| FXI iShares China Large-Cap ETF | −$0M |
| IBIT iShares Bitcoin Trust ETF | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $935M | 17 | +20.48% | +17.59% | +2.89% | +0.39B |
| 2025-12-31 | $567M | 11 | +32.69% | +17.72% | +14.97% | -1.23B |
| 2025-09-30 | $1.78B | 18 | +33.84% | +21.26% | +12.58% | +0.36B |
| 2025-06-30 | $1.37B | 19 | +36.01% | +17.06% | +18.95% | -0.18B |
| 2025-03-31 | $1.30B | 14 | +5.99% | -4.27% | +10.26% | +1.19B |
| 2024-09-30 | $100M | 2 | +1.73% | +5.75% | -4.02% | -0.04B |
| 2024-06-30 | $142M | 5 | +5.71% | +4.38% | +1.33% | -0.47B |
| 2024-03-31 | $575M | 12 | — | — | — | — |