Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+17.86%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.40%
baseline attrition
Rally response
+5.62%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CVXChevron Corporation | $18M | 3.1% | — | 0.5 yr |
| PMPhilip Morris Internatio | $16M | 2.8% | — | 0.5 yr |
| VZVerizon Communications I | $14M | 2.6% | — | 0.5 yr |
| MPLXMPLX Lp | $13M | 2.3% | — | 0.5 yr |
| BTIBritish American Tobacco | $13M | 2.3% | — | 0.5 yr |
| NEENextEra Energy, Inc. | $12M | 2.1% | — | 0.5 yr |
| JNJJohnson & Johnson | $11M | 1.9% | — | 0.5 yr |
| UPSUnited Parcel Service, I | $10M | 1.7% | — | 0.5 yr |
| CMECME Group Inc. | $10M | 1.7% | — | 0.5 yr |
| NVDANVIDIA Corporation | $10M | 1.7% | — | 0.5 yr |
| UNHUnitedHealth Group Incor | $9M | 1.7% | — | 0.5 yr |
| TSMTaiwan Semiconductor Man | $9M | 1.7% | — | 0.5 yr |
| ABBVAbbVie Inc. | $9M | 1.6% | — | 0.5 yr |
| VLOValero Energy Corporatio | $9M | 1.6% | — | 0.3 yr |
| HSYThe Hershey Company | $9M | 1.6% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Drug Manufacturers - General7.9%$45M
Tobacco6.8%$38M
Semiconductors6.1%$34M
Oil & Gas Integrated6.0%$34M
Telecommunications Services5.7%$32M
Regulated Electric5.6%$32M
Oil & Gas Midstream4.8%$27M
Banks - Diversified3.3%$19M
Unknown3.2%$18M
Internet Content & Information3.1%$18M
Country
US64.3%
GB6.2%
NL4.0%
FR3.4%
BR3.2%
Unknown3.2%
CH2.3%
MX2.2%
Top 5: 13.2% · Top 10: 22.4% · Top 25: 43.8%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| CVX Chevron Corporation | +$10M |
| VLO Valero Energy Corporationnew | +$9M |
| UNH UnitedHealth Group Incorporate | +$6M |
| ATO Atmos Energy Corporationnew | +$6M |
| DVN Devon Energy Corporationnew | +$6M |
| LLY Eli Lilly and Company | +$6M |
| MA Mastercard Incorporated | +$6M |
| HD The Home Depot, Inc. | +$6M |
| NVDA NVIDIA Corporation | +$5M |
| SPOT Spotify Technology S.A.new | +$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $565M | 141 | +4.12% | -4.37% | +8.49% | +0.15B |
| 2025-12-31 | $400M | 185 | — | — | — | — |