Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-6.89%
trims when stocks drop
when a holding falls −10%+
Middle response
-9.75%
baseline attrition
Rally response
-20.60%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $1.08B | 9.1% | — | 0.5 yr |
| MSFTMicrosoft Corporation | $654M | 5.5% | — | 0.5 yr |
| AAPLApple Inc. | $644M | 5.4% | — | 0.5 yr |
| GOOGLAlphabet Inc. | $521M | 4.4% | — | 0.5 yr |
| METAMeta Platforms, Inc. | $361M | 3.0% | — | 0.5 yr |
| BACBank of America Corporat | $336M | 2.8% | — | 0.5 yr |
| AVGOBroadcom Inc. | $328M | 2.8% | — | 0.5 yr |
| AMZNAmazon.com, Inc. | $296M | 2.5% | — | 0.5 yr |
| UNPUnion Pacific Corporatio | $227M | 1.9% | — | 0.5 yr |
| JPMJPMorgan Chase & Co. | $224M | 1.9% | — | 0.5 yr |
| GOOGAlphabet Inc. | $177M | 1.5% | — | 0.5 yr |
| HONHoneywell International | $165M | 1.4% | — | 0.5 yr |
| MSIMotorola Solutions, Inc. | $152M | 1.3% | — | 0.5 yr |
| ARMKAramark | $150M | 1.3% | — | 0.5 yr |
| TSLATesla, Inc. | $143M | 1.2% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors14.4%$1.71B
Internet Content & Information8.9%$1.06B
Software - Infrastructure8.9%$1.05B
Banks - Diversified6.1%$726M
Consumer Electronics5.4%$644M
Railroads2.9%$342M
Drug Manufacturers - General2.7%$325M
Specialty Retail2.7%$324M
Information Technology Services2.6%$307M
Software - Application1.9%$230M
Country
US98.2%
NL0.6%
IN0.5%
CA0.3%
BR0.2%
CN0.1%
CL0.0%
GB0.0%
Top 5: 27.5% · Top 10: 39.4% · Top 25: 55.4%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| PEP PepsiCo, Inc. | +$73M |
| ALNY Alnylam Pharmaceuticals, Inc. | +$57M |
| ARMK Aramark | +$42M |
| NVDA NVIDIA Corporation | +$1.08B |
| BAC Bank of America Corporation | +$336M |
| EXE Expand Energy Corporation | +$35M |
| PFE Pfizer Inc. | +$35M |
| ABBV AbbVie Inc. | +$33M |
| IBM International Business Machine | +$27M |
| MCD McDonald's Corporation | +$24M |
Top sells this quarter · 15
| STT State Street Corporation | −$124M |
| XOM Exxon Mobil Corporation | −$85M |
| AVGO Broadcom Inc. | −$57M |
| COP ConocoPhillips | −$57M |
| JNJ Johnson & Johnson | −$50M |
| GD General Dynamics Corporation | −$44M |
| VICI VICI Properties Inc. | −$41M |
| AAPL Apple Inc. | −$41M |
| UNP Union Pacific Corporation | −$37M |
| AMZN Amazon.com, Inc. | −$36M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $11.87B | 489 | -5.47% | -4.37% | -1.10% | -0.96B |
| 2025-12-31 | $13.57B | 518 | — | — | — | — |