Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-12.75%
trims when stocks drop
when a holding falls −10%+
Middle response
-36.79%
baseline attrition
Rally response
-51.95%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PFGCPerformance Food Group C | $11M | 2.1% | — | 0.5 yr |
| WSTWest Pharmaceutical Serv | $11M | 2.1% | — | 0.5 yr |
| ANTMElevance Health Inc. | $9M | 1.8% | — | 0.5 yr |
| TMOThermo Fisher Scientific | $9M | 1.8% | — | 0.5 yr |
| AVBAvalonBay Communities, I | $9M | 1.6% | — | 0.5 yr |
| ABBVAbbVie Inc. | $8M | 1.5% | — | 0.3 yr |
| KOThe Coca-Cola Company | $8M | 1.5% | — | 0.3 yr |
| FASTFastenal Company | $8M | 1.4% | — | 0.5 yr |
| RRXRegal Rexnord Corporatio | $7M | 1.4% | — | 0.3 yr |
| ABTAbbott Laboratories | $7M | 1.4% | — | 0.3 yr |
| ITTITT Inc. | $7M | 1.3% | — | 0.5 yr |
| AMHAmerican Homes 4 Rent | $7M | 1.3% | — | 0.5 yr |
| CVSCVS Health Corporation | $7M | 1.3% | — | 0.5 yr |
| CUBECubeSmart | $6M | 1.2% | — | 0.5 yr |
| CLXThe Clorox Company | $6M | 1.2% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Industrial - Machinery6.6%$35M
Semiconductors5.7%$30M
Medical - Diagnostics & Research5.1%$27M
Medical - Healthcare Plans4.1%$22M
REIT - Residential4.1%$22M
Medical - Instruments & Supplies4.0%$21M
Medical - Devices3.8%$20M
Restaurants3.7%$20M
Beverages - Non-Alcoholic3.5%$19M
Engineering & Construction3.2%$17M
Country
US90.7%
CA1.9%
IE1.8%
NL1.8%
GB1.6%
CH1.5%
LU0.5%
DK0.2%
Top 5: 9.3% · Top 10: 16.4% · Top 25: 33.6%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| AVB AvalonBay Communities, Inc. | +$8M |
| ABBV AbbVie Inc.new | +$8M |
| KO The Coca-Cola Companynew | +$8M |
| RRX Regal Rexnord Corporationnew | +$7M |
| ABT Abbott Laboratoriesnew | +$7M |
| CLX The Clorox Companynew | +$6M |
| FAST Fastenal Company | +$6M |
| CHD Church & Dwight Co., Inc.new | +$6M |
| EAT Brinker International, Inc.new | +$6M |
| PFE Pfizer Inc.new | +$5M |
Top sells this quarter · 15
| GEV GE Vernova Inc.exit | −$13M |
| FDX FedEx Corporationexit | −$12M |
| SNY Sanofiexit | −$10M |
| JBL Jabil Inc. | −$10M |
| WAB Westinghouse Air Brake Technol | −$9M |
| NOC Northrop Grumman Corporationexit | −$9M |
| CNI Canadian National Railway Comp | −$9M |
| MDT Medtronic plcexit | −$9M |
| WMT Walmart Inc.exit | −$9M |
| MO Altria Group, Inc. | −$8M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $530M | 180 | -0.69% | -4.37% | +3.68% | -0.08B |
| 2025-12-31 | $617M | 147 | — | — | — | — |