Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.00%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.72%
baseline attrition
Rally response
-3.27%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $977M | 6.2% | +60.9% | 2.5 yr |
| AAPLApple Inc. | $839M | 5.3% | +14.7% | 2.5 yr |
| AVGOBroadcom Inc. | $780M | 5.0% | +86.0% | 2.5 yr |
| MSFTMicrosoft Corporation | $676M | 4.3% | -0.6% | 2.5 yr |
| METAMeta Platforms, Inc. | $558M | 3.6% | -0.4% | 2.5 yr |
| BACBank of America Corporat | $496M | 3.2% | +19.4% | 2.3 yr |
| SPYState Street SPDR S&P 50 | $489M | 3.1% | +17.6% | 0.3 yr |
| GOOGLAlphabet Inc. | $475M | 3.0% | — | 2.3 yr |
| GOOGAlphabet Inc. | $446M | 2.8% | +84.3% | 2.5 yr |
| COSTCostco Wholesale Corpora | $440M | 2.8% | +5.9% | 2.5 yr |
| JPMJPMorgan Chase & Co. | $423M | 2.7% | +21.8% | 2.5 yr |
| LLYEli Lilly and Company | $339M | 2.2% | +12.2% | 2.3 yr |
| AMZNAmazon.com, Inc. | $255M | 1.6% | +9.5% | 2.5 yr |
| MAMastercard Incorporated | $234M | 1.5% | -8.5% | 2.5 yr |
| CSCOCisco Systems, Inc. | $187M | 1.2% | +28.1% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors16.5%+0.9pp$2.60B
Internet Content & Information9.6%-3.0pp$1.51B
Banks - Diversified7.4%+5.1pp$1.16B
Asset Management6.5%+0.9pp$1.01B
Software - Infrastructure5.5%-1.3pp$866M
Consumer Electronics5.3%+0.9pp$839M
Drug Manufacturers - General4.9%-0.1pp$765M
Discount Stores3.8%-1.4pp$603M
Biotechnology2.2%+1.8pp$339M
Financial - Credit Services2.1%-2.3pp$330M
Country
US96.5%-1.3pp
GB0.7%+0.6pp
SG0.6%+0.6pp
IE0.6%+0.0pp
CA0.6%
CN0.4%+0.1pp
NL0.3%+0.3pp
BM0.1%-0.3pp
Top 5: 24.4% · Top 10: 39.3% · Top 25: 57.8%
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF new | +$489M |
| GOOG Alphabet Inc. | +$188M |
| JPM JPMorgan Chase & Co. | +$144M |
| C Citigroup Inc. | +$126M |
| HON Honeywell International Inc. | +$107M |
| AAPL Apple Inc. | +$98M |
| LLY Eli Lilly and Company | +$95M |
| MSFT Microsoft Corporation | +$676M |
| JNJ Johnson & Johnson | +$85M |
| AVGO Broadcom Inc. | +$780M |
Top sells this quarter · 15
| AMZN Amazon.com, Inc. | −$253M |
| WDC Western Digital Corporation | −$213M |
| ISRG Intuitive Surgical, Inc. | −$191M |
| META Meta Platforms, Inc. | −$171M |
| KVUE Kenvue Inc. | −$150M |
| EA Electronic Arts Inc. | −$146M |
| MS Morgan Stanley | −$133M |
| LUV Southwest Airlines Co.exit | −$129M |
| BAC Bank of America Corporation | −$109M |
| HPE Hewlett Packard Enterprise Comexit | −$85M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $15.72B | 329 | +21.79% | +17.59% | +4.20% | -0.17B |
| 2025-12-31 | $16.77B | 317 | +21.10% | +17.72% | +3.38% | +3.79B |
| 2025-09-30 | $12.52B | 237 | +19.37% | +17.52% | +1.85% | -2.32B |
| 2025-06-30 | $13.64B | 243 | +15.52% | +14.94% | +0.58% | +0.75B |
| 2025-03-31 | $11.31B | 213 | +5.43% | +8.30% | -2.87% | +1.63B |
| 2024-12-31 | $10.27B | 124 | +23.20% | +24.89% | -1.68% | +0.64B |
| 2024-09-30 | $9.43B | 109 | +5.26% | +5.75% | -0.49% | +0.91B |
| 2024-06-30 | $8.09B | 111 | +4.04% | +4.38% | -0.34% | +1.60B |
| 2024-03-31 | $6.23B | 115 | +10.11% | +10.39% | -0.28% | +3.56B |
| 2023-12-31 | $2.43B | 74 | — | — | — | — |