Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-9.53%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.99%
steady accumulation
Rally response
-10.47%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TSMTaiwan Semiconductor Man | $42M | 5.4% | — | 0.5 yr |
| NVDANVIDIA Corporation | $40M | 5.1% | — | 0.5 yr |
| LLYEli Lilly and Company | $38M | 4.9% | — | 0.5 yr |
| MSFTMicrosoft Corporation | $37M | 4.7% | — | 0.5 yr |
| AMZNAmazon.com, Inc. | $34M | 4.3% | — | 0.5 yr |
| LMTLockheed Martin Corporat | $31M | 3.9% | — | 0.5 yr |
| 0HQN.LCboe Global Markets, Inc | $30M | 3.8% | — | 0.5 yr |
| GOOGAlphabet Inc. | $29M | 3.7% | — | 0.5 yr |
| JPMJPMorgan Chase & Co. | $28M | 3.6% | — | 0.5 yr |
| PGThe Procter & Gamble Com | $25M | 3.2% | — | 0.3 yr |
| WMWaste Management, Inc. | $25M | 3.2% | — | 0.5 yr |
| GOOGLAlphabet Inc. | $25M | 3.2% | — | 0.5 yr |
| RACEFerrari N.V. | $24M | 3.0% | — | 0.5 yr |
| MCKMcKesson Corporation | $24M | 3.0% | — | 0.5 yr |
| AVGOBroadcom Inc. | $24M | 3.0% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors16.3%$127M
Internet Content & Information9.1%$71M
Drug Manufacturers - General7.2%$56M
Financial - Data & Stock Exchanges5.5%$43M
Software - Infrastructure5.3%$41M
Specialty Retail5.2%$41M
Aerospace & Defense4.1%$32M
Banks - Diversified3.6%$28M
Household & Personal Products3.2%$25M
Waste Management3.2%$25M
Country
US87.0%
TW5.4%
IT3.0%
GB2.7%
IE0.8%
CN0.6%
CA0.3%
Unknown0.2%
Top 5: 24.5% · Top 10: 42.7% · Top 25: 83.3%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| LMT Lockheed Martin Corporation | +$29M |
| JPM JPMorgan Chase & Co. | +$26M |
| PG The Procter & Gamble Companynew | +$25M |
| AAPL Apple Inc.new | +$23M |
| FAST Fastenal Companynew | +$20M |
| PEP PepsiCo, Inc.new | +$19M |
| RACE Ferrari N.V. | +$14M |
| CMI Cummins Inc. | +$12M |
| WM Waste Management, Inc. | +$12M |
| NFLX Netflix, Inc.new | +$10M |
Top sells this quarter · 15
| MCO Moody's Corporationexit | −$22M |
| MA Mastercard Incorporatedexit | −$21M |
| FTNT Fortinet, Inc.exit | −$19M |
| MSCI MSCI Inc.exit | −$17M |
| CRM Salesforce, Inc.exit | −$16M |
| TSM Taiwan Semiconductor Manufactu | −$14M |
| NOW ServiceNow, Inc.exit | −$12M |
| INTU Intuit Inc.exit | −$12M |
| NVDA NVIDIA Corporation | −$9M |
| UNH UnitedHealth Group Incorporate | −$8M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $781M | 55 | -6.30% | -4.37% | -1.93% | +0.00B |
| 2025-12-31 | $831M | 57 | — | — | — | — |