Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.64%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.99%
steady accumulation
Rally response
-0.40%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $524M | 4.9% | +60.9% | 7.5 yr |
| AAPLApple Inc. | $463M | 4.3% | +14.7% | 7.5 yr |
| MSFTMicrosoft Corporation | $392M | 3.6% | -0.6% | 7.5 yr |
| GOOGLAlphabet Inc. | $365M | 3.4% | — | 7.5 yr |
| IAUiShares Gold Trust | $226M | 2.1% | — | 1.3 yr |
| AVGOBroadcom Inc. | $193M | 1.8% | +86.0% | 7.5 yr |
| METAMeta Platforms, Inc. | $186M | 1.7% | -0.4% | 7.5 yr |
| LRCXLam Research Corporation | $180M | 1.7% | +196.1% | 1.5 yr |
| AMZNAmazon.com, Inc. | $174M | 1.6% | +9.5% | 7.5 yr |
| TJXThe TJX Companies, Inc. | $167M | 1.6% | +32.7% | 7.3 yr |
| VVisa Inc. | $164M | 1.5% | -13.1% | 7.5 yr |
| NFLXNetflix, Inc. | $136M | 1.3% | +3.1% | 6.5 yr |
| GOOGAlphabet Inc. | $136M | 1.3% | +84.3% | 7.5 yr |
| KLACKLA Corporation | $132M | 1.2% | +118.2% | 6.0 yr |
| JNJJohnson & Johnson | $124M | 1.1% | +51.5% | 7.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors14.1%+3.5pp$1.52B
Internet Content & Information6.8%+0.7pp$732M
Software - Infrastructure6.0%-0.3pp$646M
Asset Management5.7%+3.5pp$620M
Consumer Electronics5.0%+0.5pp$539M
Biotechnology4.9%-0.1pp$530M
Drug Manufacturers - General4.5%+1.2pp$488M
Software - Application3.7%-1.2pp$397M
Financial - Credit Services2.5%-1.1pp$273M
Specialty Retail2.4%-0.7pp$260M
Country
US96.2%+1.5pp
CA1.5%+0.5pp
TW0.7%+0.4pp
IL0.3%
UY0.2%-0.1pp
CN0.2%-0.1pp
Unknown0.2%-0.9pp
GB0.1%+0.0pp
Top 5: 18.3% · Top 10: 26.6% · Top 25: 42.0%
Top buys this quarter · 15
| BKR Baker Hughes Company | +$58M |
| ON ON Semiconductor Corporation | +$47M |
| WELL Welltower Inc. | +$47M |
| ANET Arista Networks, Inc. | +$44M |
| CTVA Corteva, Inc. | +$42M |
| EXE Expand Energy Corporation | +$35M |
| JNJ Johnson & Johnson | +$34M |
| ADBE Adobe Inc. | +$111M |
| NEE NextEra Energy, Inc. | +$28M |
| TSM Taiwan Semiconductor Manufactu | +$28M |
Top sells this quarter · 15
| ABT Abbott Laboratories | −$100M |
| CAT Caterpillar Inc. | −$80M |
| PGR The Progressive Corporation | −$64M |
| LRCX Lam Research Corporation | −$63M |
| TPR Tapestry, Inc. | −$52M |
| AMZN Amazon.com, Inc. | −$52M |
| EXAS Exact Sciences Corporationexit | −$39M |
| FLS Flowserve Corporation | −$37M |
| DG Dollar General Corporation | −$33M |
| SKYT SkyWater Technology, Inc.exit | −$32M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $10.79B | 600 | +17.04% | +17.59% | -0.55% | -0.48B |
| 2025-12-31 | $11.90B | 596 | +17.89% | +17.72% | +0.17% | +1.31B |
| 2025-09-30 | $10.35B | 606 | +13.85% | +17.52% | -3.66% | -2.51B |
| 2025-06-30 | $11.83B | 822 | +9.30% | +14.94% | -5.64% | +3.18B |
| 2025-03-31 | $7.79B | 517 | -1.56% | +8.30% | -9.86% | +0.02B |
| 2024-12-31 | $8.15B | 523 | +10.16% | +24.89% | -14.73% | -0.11B |
| 2024-09-30 | $8.35B | 540 | +21.85% | +36.04% | -14.18% | +0.47B |
| 2024-06-30 | $7.55B | 538 | +6.21% | +24.49% | -18.28% | +0.20B |
| 2024-03-31 | $7.34B | 533 | +9.51% | +29.62% | -20.11% | +0.06B |
| 2023-12-31 | $6.83B | 546 | +5.22% | +26.18% | -20.96% | +0.47B |
| 2023-09-30 | $5.81B | 542 | -3.12% | +21.57% | -24.69% | +0.65B |
| 2023-06-30 | $5.67B | 568 | +9.08% | +19.42% | -10.35% | +0.28B |
| 2023-03-31 | $5.22B | 579 | -11.88% | -7.82% | -4.07% | +0.36B |
| 2022-12-31 | $4.74B | 562 | -18.01% | -18.17% | +0.16% | +0.24B |
| 2022-09-30 | $4.46B | 554 | -9.62% | -15.51% | +5.89% | -0.14B |
| 2022-06-30 | $4.50B | 566 | -11.19% | -10.62% | -0.57% | +0.13B |