Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.54%
trims when stocks drop
when a holding falls −10%+
Middle response
+3.09%
steady accumulation
Rally response
-0.31%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $164M | 3.8% | +60.9% | 6.0 yr |
| MSFTMicrosoft Corporation | $148M | 3.4% | -0.6% | 16.8 yr |
| AVSDAvantis Responsible Inte | $146M | 3.4% | — | 0.5 yr |
| NULGNuveen ESG Large-Cap Gro | $130M | 3.0% | — | 0.5 yr |
| AAPLApple Inc. | $103M | 2.4% | +14.7% | 15.3 yr |
| GOOGAlphabet Inc. | $89M | 2.1% | +84.3% | 10.5 yr |
| RYRoyal Bank of Canada | $80M | 1.9% | +48.2% | 16.8 yr |
| TDThe Toronto-Dominion Ban | $65M | 1.5% | +60.9% | 16.8 yr |
| AVGOBroadcom Inc. | $63M | 1.5% | +86.0% | 5.3 yr |
| AMZNAmazon.com, Inc. | $62M | 1.4% | +9.5% | 10.3 yr |
| QQQInvesco QQQ Trust, Serie | $59M | 1.4% | — | 0.5 yr |
| WCNWaste Connections, Inc. | $55M | 1.3% | -16.2% | 6.0 yr |
| SPYState Street SPDR S&P 50 | $52M | 1.2% | +17.6% | 6.3 yr |
| LINLinde plc | $52M | 1.2% | +7.9% | 3.3 yr |
| GILDGilead Sciences, Inc. | $48M | 1.1% | +27.7% | 9.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management10.3%+7.5pp$445M
Semiconductors8.7%+2.7pp$376M
Banks - Diversified6.3%+0.6pp$270M
Drug Manufacturers - General4.6%+0.6pp$199M
Software - Infrastructure4.3%-2.8pp$184M
Internet Content & Information3.5%+0.7pp$150M
Specialty Retail3.4%-0.3pp$145M
Regulated Electric3.2%+0.7pp$140M
Software - Application2.8%-2.0pp$119M
Gold2.7%+1.1pp$114M
Country
US68.5%-2.6pp
CA22.0%+3.7pp
Unknown2.4%-0.1pp
GB2.2%-1.0pp
IE1.8%+0.4pp
TW0.9%+0.7pp
BM0.9%-0.8pp
CH0.3%+0.1pp
Top 5: 16.0% · Top 10: 24.3% · Top 25: 39.9%
Top buys this quarter · 15
| WCN Waste Connections, Inc. | +$46M |
| NVDA NVIDIA Corporation | +$30M |
| KLAC KLA Corporation | +$23M |
| QXO QXO, Inc.new | +$12M |
| ULTA Ulta Beauty, Inc. | +$11M |
| XOM Exxon Mobil Corporation | +$11M |
| PG The Procter & Gamble Company | +$9M |
| CL Colgate-Palmolive Company | +$9M |
| DLR Digital Realty Trust, Inc. | +$8M |
| T AT&T Inc. | +$8M |
Top sells this quarter · 15
| AMAT Applied Materials, Inc. | −$36M |
| WM Waste Management, Inc. | −$27M |
| IEX IDEX Corporationexit | −$20M |
| CARR Carrier Global Corporation | −$19M |
| PH Parker-Hannifin Corporation | −$19M |
| RSG Republic Services, Inc. | −$18M |
| MSFT Microsoft Corporation | −$17M |
| STE STERIS plc | −$14M |
| TXN Texas Instruments Incorporated | −$14M |
| RNR RenaissanceRe Holdings Ltd. | −$14M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.31B | 508 | +17.97% | +17.59% | +0.38% | -0.05B |
| 2025-12-31 | $4.43B | 483 | +17.57% | +17.72% | -0.15% | +0.10B |
| 2025-09-30 | $4.24B | 480 | +13.21% | +17.52% | -4.31% | -0.05B |
| 2025-06-30 | $4.03B | 468 | +15.31% | +14.94% | +0.37% | -0.03B |
| 2025-03-31 | $3.68B | 463 | +5.41% | +8.30% | -2.90% | +0.08B |
| 2024-12-31 | $3.68B | 457 | +16.13% | +24.89% | -8.76% | -0.05B |
| 2024-09-30 | $3.78B | 480 | +32.43% | +36.04% | -3.60% | +0.01B |
| 2024-06-30 | $3.48B | 465 | +17.37% | +24.49% | -7.12% | -0.01B |
| 2024-03-31 | $3.47B | 464 | +22.78% | +29.62% | -6.85% | -0.05B |
| 2023-12-31 | $3.25B | 362 | +19.46% | +26.18% | -6.72% | -0.09B |
| 2023-09-30 | $2.97B | 375 | +15.85% | +21.57% | -5.72% | -0.02B |
| 2023-06-30 | $3.12B | 371 | +14.92% | +19.42% | -4.50% | -0.05B |
| 2023-03-31 | $3.01B | 392 | -5.30% | -7.82% | +2.52% | -0.03B |
| 2022-12-31 | $2.89B | 392 | -14.13% | -18.17% | +4.05% | +0.18B |
| 2022-09-30 | $2.49B | 400 | -12.45% | -15.51% | +3.06% | -0.05B |
| 2022-06-30 | $2.66B | 401 | -7.64% | -10.62% | +2.98% | -0.04B |