Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.80%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.00%
baseline attrition
Rally response
-4.99%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $44M | 7.1% | +14.7% | 1.5 yr |
| AVGOBroadcom Inc. | $33M | 5.3% | +86.0% | 1.5 yr |
| LLYEli Lilly and Company | $31M | 5.0% | +12.2% | 1.5 yr |
| GOOGLAlphabet Inc. | $31M | 5.0% | — | 1.5 yr |
| MSFTMicrosoft Corporation | $30M | 4.8% | -0.6% | 1.5 yr |
| IEFiShares 7-10 Year Treasu | $24M | 3.9% | — | 1.5 yr |
| NVDANVIDIA Corporation | $21M | 3.4% | +60.9% | 1.5 yr |
| JPMJPMorgan Chase & Co. | $21M | 3.4% | +21.8% | 1.5 yr |
| AGGiShares Core U.S. Aggreg | $20M | 3.2% | — | 1.5 yr |
| GSThe Goldman Sachs Group, | $19M | 3.1% | +58.1% | 1.5 yr |
| GLDSPDR Gold Shares | $19M | 3.0% | — | 1.5 yr |
| TSMTaiwan Semiconductor Man | $18M | 2.9% | +105.6% | 1.5 yr |
| UNHUnitedHealth Group Incor | $17M | 2.7% | -46.9% | 1.5 yr |
| BNDVanguard Total Bond Mark | $13M | 2.1% | — | 1.0 yr |
| IAUiShares Gold Trust | $12M | 2.0% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management15.3%+1.1pp$96M
Semiconductors13.8%+4.9pp$86M
Drug Manufacturers - General7.3%+1.0pp$46M
Consumer Electronics7.1%-0.9pp$44M
Internet Content & Information7.1%+1.8pp$44M
Asset Management - Bonds6.0%+3.8pp$37M
Banks - Diversified5.8%-3.2pp$36M
Software - Infrastructure5.4%-1.0pp$34M
Discount Stores4.7%-1.3pp$30M
Specialty Retail3.4%-0.9pp$21M
Country
US96.6%-0.5pp
TW2.9%+1.2pp
IE0.2%-0.7pp
BM0.1%-0.1pp
GB0.1%+0.0pp
NL0.0%
Top 5: 27.2% · Top 10: 44.1% · Top 25: 73.3%
Top buys this quarter · 15
| GEV GE Vernova Inc. | +$1M |
| CAT Caterpillar Inc.new | +$1M |
| APH Amphenol Corporation | +$1M |
| MSFT Microsoft Corporation | +$30M |
| NVDA NVIDIA Corporation | +$21M |
| BA The Boeing Companynew | +$1M |
| DVN Devon Energy Corporation | +$1M |
| VLO Valero Energy Corporation | +$0M |
| META Meta Platforms, Inc. | +$11M |
| AMZN Amazon.com, Inc. | +$11M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $625M | 123 | +19.27% | +17.59% | +1.68% | +0.00B |
| 2025-12-31 | $656M | 119 | +18.56% | +17.72% | +0.85% | +0.00B |
| 2025-09-30 | $628M | 123 | +9.50% | +8.12% | +1.37% | +0.01B |
| 2025-06-30 | $563M | 123 | +10.18% | +10.78% | -0.60% | +0.02B |
| 2025-03-31 | $495M | 120 | -5.48% | -4.27% | -1.21% | -0.03B |
| 2024-12-31 | $552M | 122 | — | — | — | — |