Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.71%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.56%
baseline attrition
Rally response
-0.42%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $3.84B | 6.7% | +60.9% | 1.5 yr |
| AAPLApple Inc. | $2.83B | 4.9% | +14.7% | 1.5 yr |
| MSFTMicrosoft Corporation | $2.52B | 4.4% | -0.6% | 1.5 yr |
| GOOGLAlphabet Inc. | $1.99B | 3.5% | — | 1.5 yr |
| AMZNAmazon.com, Inc. | $1.97B | 3.4% | +9.5% | 1.5 yr |
| METAMeta Platforms, Inc. | $1.21B | 2.1% | -0.4% | 1.5 yr |
| AVGOBroadcom Inc. | $1.17B | 2.1% | +86.0% | 1.5 yr |
| GOOGAlphabet Inc. | $1.13B | 2.0% | +84.3% | 1.5 yr |
| TSLATesla, Inc. | $681M | 1.2% | +43.4% | 1.5 yr |
| VVisa Inc. | $643M | 1.1% | -13.1% | 1.5 yr |
| JPMJPMorgan Chase & Co. | $555M | 1.0% | +21.8% | 1.5 yr |
| LLYEli Lilly and Company | $544M | 1.0% | +12.2% | 1.5 yr |
| JNJJohnson & Johnson | $530M | 0.9% | +51.5% | 1.5 yr |
| MAMastercard Incorporated | $509M | 0.9% | -8.5% | 1.5 yr |
| NFLXNetflix, Inc. | $460M | 0.8% | +3.1% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.4%+4.5pp$7.66B
Internet Content & Information8.0%+1.5pp$4.58B
Software - Infrastructure6.4%-1.3pp$3.67B
Consumer Electronics5.0%+0.1pp$2.86B
Specialty Retail4.7%-0.3pp$2.67B
Drug Manufacturers - General4.1%-0.0pp$2.36B
Software - Application3.1%-1.1pp$1.76B
Financial - Credit Services3.0%-0.4pp$1.74B
Banks - Diversified2.2%+0.1pp$1.24B
Medical - Devices1.8%-0.5pp$1.01B
Country
US95.7%+0.5pp
IE1.3%-0.2pp
GB1.0%-0.1pp
Unknown0.6%+0.1pp
UY0.4%-0.1pp
CH0.3%+0.0pp
LU0.3%-0.1pp
BM0.1%+0.0pp
Top 5: 23.0% · Top 10: 31.5% · Top 25: 42.5%
Top buys this quarter · 15
| WMT Walmart Inc. | +$106M |
| SUNB Sunbelt Rentals Holdings Incnew | +$100M |
| META Meta Platforms, Inc. | +$1.21B |
| MU Micron Technology, Inc. | +$38M |
| CVX Chevron Corporation | +$34M |
| AMD Advanced Micro Devices, Inc. | +$29M |
| CSCO Cisco Systems, Inc. | +$28M |
| MCD McDonald's Corporation | +$27M |
| COP ConocoPhillips | +$27M |
| HPQ HP Inc. | +$26M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $57.14B | 1936 | +15.10% | +17.59% | -2.49% | -0.14B |
| 2025-12-31 | $60.48B | 1914 | +15.66% | +17.72% | -2.06% | +0.57B |
| 2025-09-30 | $58.85B | 1893 | +6.99% | +8.12% | -1.14% | -0.19B |
| 2025-06-30 | $55.18B | 1816 | +11.59% | +10.78% | +0.81% | +0.83B |
| 2025-03-31 | $48.71B | 1819 | -4.84% | -4.27% | -0.57% | +1.45B |
| 2024-12-31 | $49.65B | 975 | — | — | — | — |