Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-6.65%
trims when stocks drop
when a holding falls −10%+
Middle response
+2.13%
steady accumulation
Rally response
+3.68%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TOTB.DETotalEnergies SE | $683M | 9.6% | +41.2% | 0.5 yr |
| NVDANVIDIA Corporation | $435M | 6.1% | +60.9% | 1.5 yr |
| MSFTMicrosoft Corporation | $351M | 4.9% | -0.6% | 1.5 yr |
| AAPLApple Inc. | $284M | 4.0% | +14.7% | 1.5 yr |
| AMZNAmazon.com, Inc. | $236M | 3.3% | +9.5% | 1.5 yr |
| GOOGLAlphabet Inc. | $211M | 3.0% | — | 1.5 yr |
| AVGOBroadcom Inc. | $204M | 2.9% | +86.0% | 1.5 yr |
| AZNAstraZeneca PLC | $191M | 2.7% | +36.2% | 0.3 yr |
| JPMJPMorgan Chase & Co. | $138M | 1.9% | +21.8% | 1.5 yr |
| GIBCGI Inc. | $124M | 1.7% | -26.4% | 1.3 yr |
| VVisa Inc. | $122M | 1.7% | -13.1% | 1.5 yr |
| LLYEli Lilly and Company | $121M | 1.7% | +12.2% | 1.5 yr |
| GOOGAlphabet Inc. | $119M | 1.7% | +84.3% | 1.3 yr |
| METAMeta Platforms, Inc. | $112M | 1.6% | -0.4% | 1.5 yr |
| RACEFerrari N.V. | $112M | 1.6% | -20.3% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.9%+4.1pp$994M
Oil & Gas Integrated9.6%+9.6pp$683M
Internet Content & Information6.4%+0.2pp$454M
Gold6.3%+4.0pp$446M
Software - Infrastructure6.2%-3.4pp$439M
Drug Manufacturers - General5.3%+2.9pp$375M
Consumer Electronics4.0%-0.4pp$287M
Specialty Retail3.7%-2.2pp$265M
Industrial - Machinery3.4%+0.7pp$239M
Banks - Diversified3.2%-0.3pp$227M
Country
US70.8%-2.8pp
FR9.6%+9.6pp
CA7.0%+1.6pp
GB3.8%+1.5pp
IE2.8%-2.6pp
IT1.6%-3.5pp
TW1.2%+0.0pp
Unknown0.7%+0.1pp
Top 5: 27.9% · Top 10: 40.0% · Top 25: 58.4%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$194M |
| TOTB.DE TotalEnergies SE | +$50M |
| AMAT Applied Materials, Inc. | +$41M |
| AAPL Apple Inc. | +$36M |
| NVDA NVIDIA Corporation | +$34M |
| AME AMETEK, Inc.new | +$29M |
| LRCX Lam Research Corporation | +$28M |
| NEE NextEra Energy, Inc. | +$28M |
| AVGO Broadcom Inc. | +$28M |
| EMR Emerson Electric Co. | +$22M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $7.14B | 417 | +18.10% | +17.59% | +0.51% | +0.63B |
| 2025-12-31 | $6.84B | 420 | +18.70% | +17.72% | +0.98% | -0.57B |
| 2025-09-30 | $7.33B | 733 | +6.05% | +8.12% | -2.07% | +0.82B |
| 2025-06-30 | $6.14B | 410 | +15.67% | +10.78% | +4.89% | +0.72B |
| 2025-03-31 | $4.68B | 416 | -4.33% | -4.27% | -0.06% | +0.87B |
| 2024-12-31 | $3.99B | 323 | — | — | — | — |