Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.06%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.71%
baseline attrition
Rally response
-0.49%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $64M | 5.7% | +14.7% | 6.5 yr |
| NVDANVIDIA Corporation | $56M | 5.1% | +60.9% | 6.5 yr |
| SPYState Street SPDR S&P 50 | $41M | 3.6% | +17.6% | 6.5 yr |
| GOOGLAlphabet Inc. | $35M | 3.1% | — | 6.5 yr |
| MSFTMicrosoft Corporation | $28M | 2.5% | -0.6% | 6.5 yr |
| AMZNAmazon.com, Inc. | $28M | 2.5% | +9.5% | 6.5 yr |
| VOOVanguard S&P 500 ETF | $22M | 2.0% | — | 6.5 yr |
| LLYEli Lilly and Company | $20M | 1.8% | +12.2% | 6.5 yr |
| IVViShares Core S&P 500 ETF | $20M | 1.8% | — | 6.5 yr |
| JPMJPMorgan Chase & Co. | $20M | 1.8% | +21.8% | 6.5 yr |
| NEENextEra Energy, Inc. | $16M | 1.5% | +34.9% | 6.5 yr |
| COSTCostco Wholesale Corpora | $16M | 1.4% | +5.9% | 6.5 yr |
| HDThe Home Depot, Inc. | $16M | 1.4% | -8.0% | 6.5 yr |
| RSPInvesco S&P 500 Equal We | $15M | 1.3% | — | 6.5 yr |
| IGSBiShares 1-5 Year Investm | $15M | 1.3% | — | 6.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management27.5%+2.6pp$307M
Semiconductors8.3%+2.2pp$92M
Consumer Electronics5.7%-0.1pp$64M
Drug Manufacturers - General5.5%-0.3pp$61M
Internet Content & Information4.1%+1.2pp$46M
Software - Infrastructure3.2%-0.5pp$36M
Specialty Retail3.1%-0.3pp$35M
Asset Management - Bonds3.0%+0.4pp$34M
Regulated Electric2.9%+0.0pp$32M
Discount Stores2.6%+0.0pp$29M
Country
US97.4%-0.1pp
TW0.7%+0.3pp
IE0.6%-0.2pp
GB0.6%-0.0pp
CA0.4%+0.2pp
NL0.1%-0.1pp
BE0.1%
CH0.1%+0.0pp
Top 5: 20.1% · Top 10: 29.9% · Top 25: 48.6%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$1M |
| BAC Bank of America Corporation | +$1M |
| HLT Hilton Worldwide Holdings Inc. | +$1M |
| QSR Restaurant Brands Internationa | +$1M |
| BUD Anheuser-Busch InBev SA/NV | +$1M |
| LHX L3Harris Technologies, Inc. | +$1M |
| SPY State Street SPDR S&P 500 ETF | +$41M |
| MSFT Microsoft Corporation | +$28M |
| META Meta Platforms, Inc. | +$6M |
| AAPL Apple Inc. | +$64M |
Top sells this quarter · 15
| DKS DICK'S Sporting Goods, Inc. | −$1M |
| PG The Procter & Gamble Company | −$1M |
| UNH UnitedHealth Group Incorporate | −$1M |
| CMG Chipotle Mexican Grill, Inc. | −$1M |
| J Jacobs Solutions Inc. | −$1M |
| FIS Fidelity National Information | −$1M |
| ROP Roper Technologies, Inc. | −$0M |
| TRGP Targa Resources Corp. | −$0M |
| Q Qnity Electronics, Inc. | −$0M |
| CAT Caterpillar Inc. | −$11M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.12B | 782 | +15.79% | +17.59% | -1.80% | +0.01B |
| 2025-12-31 | $1.12B | 753 | +14.45% | +17.72% | -3.26% | +0.03B |
| 2025-09-30 | $1.07B | 749 | +13.61% | +17.52% | -3.91% | -0.01B |
| 2025-06-30 | $998M | 744 | +12.69% | +14.94% | -2.25% | -0.00B |
| 2025-03-31 | $930M | 750 | +7.38% | +8.30% | -0.93% | +0.00B |
| 2024-12-31 | $955M | 710 | +18.98% | +24.89% | -5.91% | -0.01B |
| 2024-09-30 | $950M | 702 | +30.07% | +36.04% | -5.96% | -0.01B |
| 2024-06-30 | $902M | 689 | +17.47% | +24.49% | -7.02% | +0.02B |
| 2024-03-31 | $857M | 700 | +22.17% | +29.62% | -7.46% | +0.01B |
| 2023-12-31 | $791M | 702 | +17.30% | +26.18% | -8.87% | -0.02B |
| 2023-09-30 | $732M | 704 | +16.53% | +21.57% | -5.03% | -0.01B |
| 2023-06-30 | $766M | 755 | +15.37% | +19.42% | -4.05% | -0.00B |
| 2023-03-31 | $721M | 727 | -4.13% | -7.82% | +3.69% | -0.01B |
| 2022-12-31 | $707M | 725 | -11.57% | -18.17% | +6.61% | -0.03B |
| 2022-09-30 | $673M | 720 | -10.53% | -15.51% | +4.98% | -0.02B |
| 2022-06-30 | $726M | 738 | -5.62% | -10.62% | +5.00% | -0.02B |