Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.53%
adds when stocks drop
when a holding falls −10%+
Middle response
-6.99%
baseline attrition
Rally response
-5.28%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| LNGCheniere Energy, Inc. | $4M | 3.4% | +33.6% | 1.3 yr |
| AAPLApple Inc. | $4M | 3.0% | +1.9% | 1.3 yr |
| ABBVAbbVie Inc. | $3M | 2.2% | +27.7% | 1.3 yr |
| AMZNAmazon.com, Inc. | $3M | 2.1% | -5.1% | 1.3 yr |
| MSFTMicrosoft Corporation | $2M | 1.9% | -11.3% | 1.3 yr |
| XOMExxon Mobil Corporation | $2M | 1.9% | +64.6% | 1.3 yr |
| FDSFactSet Research Systems | $2M | 1.8% | -54.1% | 0.5 yr |
| JPMJPMorgan Chase & Co. | $2M | 1.8% | +25.2% | 1.3 yr |
| GOOGLAlphabet Inc. | $2M | 1.6% | — | 1.3 yr |
| NVDANVIDIA Corporation | $2M | 1.5% | +29.9% | 1.3 yr |
| VZVerizon Communications I | $2M | 1.3% | +34.4% | 1.3 yr |
| QQQInvesco QQQ Trust, Serie | $2M | 1.2% | — | 1.3 yr |
| HDThe Home Depot, Inc. | $2M | 1.2% | -12.8% | 1.3 yr |
| ITAiShares U.S. Aerospace & | $1M | 1.2% | — | 1.3 yr |
| PFEPfizer Inc. | $1M | 1.2% | +15.4% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management13.5%-5.0pp$17M
Drug Manufacturers - General7.0%+1.6pp$9M
Semiconductors6.5%-0.2pp$8M
Aerospace & Defense4.1%+0.8pp$5M
Oil & Gas Midstream3.9%+2.3pp$5M
Telecommunications Services3.3%+0.4pp$4M
Software - Infrastructure3.1%-1.2pp$4M
Engineering & Construction3.1%-0.3pp$4M
Consumer Electronics3.0%-0.5pp$4M
Oil & Gas Integrated2.9%-0.2pp$4M
Country
US93.0%-1.0pp
CA3.2%-0.7pp
NL1.1%
SG0.9%+0.5pp
GB0.7%+0.0pp
IL0.6%
PA0.4%+0.1pp
ZA0.2%+0.1pp
Top 5: 12.7% · Top 10: 21.3% · Top 25: 38.3%
Top buys this quarter · 15
| LNG Cheniere Energy, Inc. | +$3M |
| FDS FactSet Research Systems Inc. | +$2M |
| NFLX Netflix, Inc. | +$1M |
| STM STMicroelectronics N.V.new | +$1M |
| INGR Ingredion Incorporatednew | +$1M |
| DLR Digital Realty Trust, Inc. | +$1M |
| DOX Amdocs Limitednew | +$1M |
| GILD Gilead Sciences, Inc. | +$1M |
| CLX The Clorox Companynew | +$1M |
| TMUS T-Mobile US, Inc. | +$1M |
Top sells this quarter · 15
| EXE Expand Energy Corporationexit | −$4M |
| HAL Halliburton Companyexit | −$3M |
| SPY State Street SPDR S&P 500 ETF | −$3M |
| MU Micron Technology, Inc. | −$2M |
| LMT Lockheed Martin Corporation | −$2M |
| BP BP p.l.c.exit | −$1M |
| ABNB Airbnb, Inc.exit | −$1M |
| FROG JFrog Ltd.exit | −$0M |
| KTOS Kratos Defense & Security Soluexit | −$0M |
| PYPL PayPal Holdings, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $126M | 175 | +25.62% | +4.12% | +21.50% | -0.00B |
| 2025-12-31 | $126M | 186 | +11.58% | +2.66% | +8.92% | -0.00B |
| 2025-06-30 | $115M | 185 | +11.84% | +10.78% | +1.06% | +0.01B |
| 2025-03-31 | $97M | 173 | -1.42% | -4.27% | +2.85% | -0.00B |
| 2024-12-31 | $102M | 175 | — | — | — | — |