Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.40%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.35%
baseline attrition
Rally response
-0.29%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $710M | 14.3% | +14.7% | 10.5 yr |
| AVGOBroadcom Inc. | $447M | 9.0% | +86.0% | 8.0 yr |
| CMECME Group Inc. | $296M | 6.0% | +15.6% | 10.5 yr |
| CSCOCisco Systems, Inc. | $198M | 4.0% | +28.1% | 10.5 yr |
| HONHoneywell International | $189M | 3.8% | +9.0% | 10.5 yr |
| PMPhilip Morris Internatio | $182M | 3.7% | +7.9% | 10.5 yr |
| MSFTMicrosoft Corporation | $182M | 3.7% | -0.6% | 10.5 yr |
| DOVDover Corporation | $176M | 3.5% | +20.0% | 10.5 yr |
| NSCNorfolk Southern Corpora | $169M | 3.4% | +23.6% | 10.5 yr |
| ADIAnalog Devices, Inc. | $142M | 2.9% | +60.2% | 9.3 yr |
| HDThe Home Depot, Inc. | $140M | 2.8% | -8.0% | 9.3 yr |
| MCDMcDonald's Corporation | $139M | 2.8% | +1.8% | 10.5 yr |
| TJXThe TJX Companies, Inc. | $138M | 2.8% | +32.7% | 7.8 yr |
| VLOValero Energy Corporatio | $127M | 2.6% | +92.6% | 9.5 yr |
| UNHUnitedHealth Group Incor | $127M | 2.6% | -46.9% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors15.8%+2.6pp$782M
Consumer Electronics14.3%+0.4pp$710M
Financial - Data & Stock Exchanges6.0%+0.0pp$296M
Conglomerates4.4%-0.2pp$220M
Communication Equipment4.0%+0.5pp$198M
Tobacco3.7%-0.2pp$182M
Software - Infrastructure3.7%-0.5pp$182M
Industrial - Machinery3.5%+0.2pp$176M
Drug Manufacturers - General3.5%-0.2pp$172M
Railroads3.4%+0.3pp$169M
Country
US97.4%+2.4pp
IE1.4%-1.0pp
Unknown1.0%
CA0.2%+0.0pp
Top 5: 37.1% · Top 10: 54.2% · Top 25: 85.4%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.96B | 55 | +12.11% | +17.59% | -5.48% | -0.05B |
| 2025-12-31 | $5.12B | 54 | +12.56% | +17.72% | -5.16% | -0.03B |
| 2025-09-30 | $5.05B | 55 | +11.75% | +17.52% | -5.76% | -0.01B |
| 2025-06-30 | $4.72B | 53 | +13.11% | +14.94% | -1.83% | +0.02B |
| 2025-03-31 | $4.48B | 51 | +10.44% | +8.30% | +2.14% | -0.00B |
| 2024-12-31 | $4.56B | 50 | +15.51% | +24.89% | -9.38% | -0.13B |
| 2024-09-30 | $4.64B | 52 | +27.12% | +36.04% | -8.91% | -0.40B |
| 2024-06-30 | $4.64B | 52 | +11.53% | +24.49% | -12.96% | -0.01B |
| 2024-03-31 | $4.54B | 52 | +14.73% | +29.62% | -14.90% | -0.12B |
| 2023-12-31 | $4.54B | 54 | +16.26% | +26.18% | -9.92% | -0.07B |
| 2023-09-30 | $4.14B | 55 | +13.94% | +21.57% | -7.63% | -0.01B |
| 2023-06-30 | $4.36B | 52 | +12.48% | +19.42% | -6.94% | +0.02B |
| 2023-03-31 | $4.12B | 51 | -6.07% | -7.82% | +1.75% | -0.02B |
| 2022-12-31 | $3.97B | 51 | +9.14% | +7.56% | +1.58% | -0.01B |
| 2022-09-30 | $3.65B | 53 | -6.04% | -4.93% | -1.11% | -0.04B |
| 2022-06-30 | $3.92B | 52 | -12.03% | -16.11% | +4.08% | -0.04B |