Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+20.66%
adds when stocks drop
when a holding falls −10%+
Middle response
-7.41%
baseline attrition
Rally response
-18.39%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AMZNAmazon.com, Inc. | $87M | 5.7% | +9.5% | 1.5 yr |
| SYKStryker Corporation | $76M | 5.0% | -11.1% | 0.5 yr |
| CRLCharles River Laboratori | $62M | 4.1% | +14.6% | 1.0 yr |
| WATWaters Corporation | $62M | 4.1% | -19.2% | 0.5 yr |
| TRUTransUnion | $59M | 3.9% | -16.1% | 0.5 yr |
| TAT&T Inc. | $54M | 3.6% | +5.9% | 1.0 yr |
| TSLATesla, Inc. | $54M | 3.5% | +43.4% | 0.8 yr |
| AAPLApple Inc. | $50M | 3.3% | +14.7% | 0.5 yr |
| MAMastercard Incorporated | $44M | 2.9% | -8.5% | 1.0 yr |
| SQBlock, Inc. | $44M | 2.9% | — | 1.5 yr |
| NFLXNetflix, Inc. | $43M | 2.8% | +3.1% | 1.0 yr |
| METAMeta Platforms, Inc. | $40M | 2.6% | -0.4% | 0.8 yr |
| ILMNIllumina, Inc. | $39M | 2.5% | +55.4% | 0.8 yr |
| FFIVF5, Inc. | $38M | 2.5% | +8.7% | 0.3 yr |
| THCTenet Healthcare Corpora | $34M | 2.2% | +40.3% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Medical - Diagnostics & Research13.9%+4.3pp$211M
Software - Infrastructure12.8%+9.7pp$194M
Medical - Devices7.4%-3.7pp$113M
Software - Application7.4%+4.8pp$112M
Specialty Retail7.2%-5.9pp$110M
Telecommunications Services6.6%+1.7pp$100M
Financial - Credit Services5.0%+0.8pp$77M
Semiconductors4.5%-18.0pp$68M
Entertainment4.2%-3.1pp$64M
Consulting Services3.9%$59M
Country
US96.9%+4.6pp
Unknown1.5%+0.5pp
IE0.7%
LU0.6%-1.6pp
IL0.3%-0.4pp
Top 5: 22.7% · Top 10: 38.9% · Top 25: 70.1%
Top buys this quarter · 15
| SYK Stryker Corporation | +$71M |
| TSLA Tesla, Inc. | +$46M |
| WAT Waters Corporation | +$41M |
| CRL Charles River Laboratories Int | +$40M |
| TRU TransUnion | +$39M |
| FFIV F5, Inc.new | +$38M |
| NFLX Netflix, Inc. | +$43M |
| PYPL PayPal Holdings, Inc.new | +$32M |
| THC Tenet Healthcare Corporation | +$29M |
| ILMN Illumina, Inc. | +$26M |
Top sells this quarter · 15
| TSM Taiwan Semiconductor Manufactuexit | −$85M |
| AMAT Applied Materials, Inc.exit | −$83M |
| AMD Advanced Micro Devices, Inc. | −$65M |
| NVDA NVIDIA Corporationexit | −$61M |
| MCO Moody's Corporationexit | −$55M |
| MPWR Monolithic Power Systems, Inc.exit | −$47M |
| VZ Verizon Communications Inc.exit | −$41M |
| BSX Boston Scientific Corporationexit | −$38M |
| EBAY eBay Inc. | −$37M |
| DHR Danaher Corporationexit | −$31M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.52B | 62 | +23.20% | +17.59% | +5.60% | +0.02B |
| 2025-12-31 | $1.59B | 66 | +24.98% | +17.72% | +7.26% | +0.04B |
| 2025-09-30 | $1.45B | 59 | +7.92% | +8.12% | -0.21% | -0.05B |
| 2025-06-30 | $1.39B | 68 | +13.53% | +10.78% | +2.75% | +0.35B |
| 2025-03-31 | $912M | 55 | -4.50% | -4.27% | -0.23% | -0.10B |
| 2024-12-31 | $1.06B | 66 | — | — | — | — |