Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.79%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.81%
baseline attrition
Rally response
-1.03%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $1.56B | 8.2% | +60.9% | 1.5 yr |
| AAPLApple Inc. | $1.22B | 6.4% | +14.7% | 1.5 yr |
| MSFTMicrosoft Corporation | $998M | 5.2% | -0.6% | 1.5 yr |
| AMZNAmazon.com, Inc. | $771M | 4.0% | +9.5% | 1.5 yr |
| GOOGLAlphabet Inc. | $744M | 3.9% | — | 1.5 yr |
| AVGOBroadcom Inc. | $539M | 2.8% | +86.0% | 1.5 yr |
| AZNAstraZeneca PLC | $474M | 2.5% | +36.2% | 0.3 yr |
| GOOGAlphabet Inc. | $442M | 2.3% | +84.3% | 1.5 yr |
| METAMeta Platforms, Inc. | $393M | 2.1% | -0.4% | 1.5 yr |
| TSLATesla, Inc. | $331M | 1.7% | +43.4% | 1.5 yr |
| LLYEli Lilly and Company | $290M | 1.5% | +12.2% | 1.5 yr |
| JPMJPMorgan Chase & Co. | $273M | 1.4% | +21.8% | 1.5 yr |
| VVisa Inc. | $227M | 1.2% | -13.1% | 1.5 yr |
| BACBank of America Corporat | $201M | 1.1% | +19.4% | 1.5 yr |
| JNJJohnson & Johnson | $193M | 1.0% | +51.5% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors14.3%+4.5pp$2.73B
Internet Content & Information8.6%+2.5pp$1.64B
Drug Manufacturers - General7.9%+2.2pp$1.52B
Software - Infrastructure7.7%-0.7pp$1.47B
Consumer Electronics6.4%-0.5pp$1.22B
Specialty Retail5.0%-0.8pp$958M
Banks - Diversified4.8%+0.4pp$911M
Financial - Credit Services2.9%-0.7pp$560M
Software - Application2.1%-1.4pp$410M
Auto - Manufacturers2.0%+0.2pp$390M
Country
US90.3%-2.8pp
GB3.0%+2.4pp
CA2.2%+0.5pp
IE1.6%-0.1pp
CH0.7%-0.1pp
Unknown0.5%+0.0pp
SG0.4%+0.3pp
UY0.3%-0.1pp
Top 5: 27.7% · Top 10: 39.1% · Top 25: 52.0%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$481M |
| PANW Palo Alto Networks, Inc. | +$15M |
| CRWD CrowdStrike Holdings, Inc. | +$12M |
| SUNB Sunbelt Rentals Holdings Incnew | +$11M |
| PEP PepsiCo, Inc. | +$11M |
| LIN Linde plc | +$11M |
| FIX Comfort Systems USA, Inc.new | +$11M |
| WM Waste Management, Inc. | +$9M |
| TMO Thermo Fisher Scientific Inc. | +$68M |
| ZTS Zoetis Inc. | +$8M |
Top sells this quarter · 15
| C Citigroup Inc. | −$19M |
| STX Seagate Technology Holdings pl | −$53M |
| NVDA NVIDIA Corporation | −$16M |
| QCOM QUALCOMM Incorporated | −$14M |
| FTI TechnipFMC plcexit | −$14M |
| AAPL Apple Inc. | −$14M |
| GOOG Alphabet Inc. | −$14M |
| GS The Goldman Sachs Group, Inc. | −$13M |
| ORLY O'Reilly Automotive, Inc. | −$12M |
| TJX The TJX Companies, Inc. | −$9M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $19.11B | 553 | +15.69% | +17.59% | -1.90% | +0.22B |
| 2025-12-31 | $20.22B | 559 | +16.93% | +17.72% | -0.78% | +0.48B |
| 2025-09-30 | $19.33B | 550 | +7.92% | +8.12% | -0.20% | +0.51B |
| 2025-06-30 | $17.44B | 560 | +12.33% | +10.78% | +1.56% | -0.87B |
| 2025-03-31 | $16.30B | 577 | -5.57% | -4.27% | -1.30% | -0.63B |
| 2024-12-31 | $17.92B | 571 | — | — | — | — |