Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-16.03%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.80%
baseline attrition
Rally response
-24.30%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PGThe Procter & Gamble Com | $94M | 22.4% | -10.9% | 1.0 yr |
| LLYEli Lilly and Company | $85M | 20.2% | +20.2% | 1.3 yr |
| PPGPPG Industries, Inc. | $34M | 8.2% | -7.6% | 1.0 yr |
| TXNTexas Instruments Incorp | $30M | 7.1% | +7.6% | 1.0 yr |
| MSFTMicrosoft Corporation | $18M | 4.3% | -11.3% | 1.3 yr |
| NVDANVIDIA Corporation | $13M | 3.1% | +29.9% | 1.3 yr |
| AAPLApple Inc. | $12M | 2.9% | +1.9% | 1.3 yr |
| GOOGAlphabet Inc. | $12M | 2.8% | +51.3% | 1.3 yr |
| AMZNAmazon.com, Inc. | $9M | 2.1% | -5.1% | 1.3 yr |
| HPEHewlett Packard Enterpri | $9M | 2.0% | +14.5% | 1.0 yr |
| RTXRTX Corporation | $8M | 1.9% | +70.4% | 1.0 yr |
| GOOGLAlphabet Inc. | $7M | 1.6% | — | 1.3 yr |
| AVGOBroadcom Inc. | $6M | 1.5% | +34.7% | 1.0 yr |
| METAMeta Platforms, Inc. | $5M | 1.1% | -1.9% | 1.3 yr |
| PANWPalo Alto Networks, Inc. | $5M | 1.1% | -11.9% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Household & Personal Products22.4%$94M
Drug Manufacturers - General21.1%+20.1pp$88M
Semiconductors13.7%+1.8pp$57M
Chemicals - Specialty8.2%$34M
Software - Infrastructure6.5%-14.5pp$27M
Internet Content & Information5.5%-5.6pp$23M
Computer Hardware3.1%+2.4pp$13M
Consumer Electronics2.9%-6.4pp$12M
Specialty Retail2.2%-3.6pp$9M
Aerospace & Defense2.0%$8M
Country
US99.1%+1.0pp
GB0.4%-0.2pp
CA0.2%-0.0pp
TW0.2%-0.1pp
UY0.0%-0.6pp
FR0.0%-0.0pp
CN0.0%-0.0pp
AU0.0%
Top 5: 62.2% · Top 10: 75.1% · Top 25: 89.4%
Top buys this quarter · 15
| CDNS Cadence Design Systems, Inc. | +$2M |
| CAT Caterpillar Inc. | +$1M |
| CRWD CrowdStrike Holdings, Inc. | +$1M |
| MSFT Microsoft Corporation | +$18M |
| WMB The Williams Companies, Inc. | +$1M |
| AKAM Akamai Technologies, Inc.new | +$1M |
| CLS Celestica Inc.new | +$1M |
| PPG PPG Industries, Inc. | +$1M |
| IBM International Business Machine | +$1M |
| TJX The TJX Companies, Inc. | +$1M |
Top sells this quarter · 15
| NVDA NVIDIA Corporation | −$15M |
| WMT Walmart Inc. | −$15M |
| GOOG Alphabet Inc. | −$13M |
| GPN Global Payments Inc.exit | −$12M |
| INTC Intel Corporation | −$9M |
| MSI Motorola Solutions, Inc. | −$9M |
| CSX CSX Corporationexit | −$9M |
| NEM Newmont Corporationexit | −$9M |
| TMUS T-Mobile US, Inc. | −$8M |
| REGN Regeneron Pharmaceuticals, Inc | −$8M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $418M | 173 | +4.84% | +4.12% | +0.72% | -0.18B |
| 2025-12-31 | $629M | 180 | +8.33% | +2.66% | +5.66% | +0.17B |
| 2025-06-30 | $425M | 183 | +6.70% | +10.78% | -4.08% | -0.13B |
| 2025-03-31 | $518M | 201 | -5.40% | -4.27% | -1.13% | +0.40B |
| 2024-12-31 | $121M | 79 | — | — | — | — |