Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-18.74%
trims when stocks drop
when a holding falls −10%+
Middle response
-12.72%
baseline attrition
Rally response
-1.99%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $221M | 4.8% | — | 0.5 yr |
| MSFTMicrosoft Corporation | $188M | 4.1% | — | 0.5 yr |
| AAPLApple Inc. | $162M | 3.5% | — | 0.5 yr |
| AMZNAmazon.com, Inc. | $160M | 3.5% | — | 0.5 yr |
| JPMJPMorgan Chase & Co. | $116M | 2.5% | — | 0.5 yr |
| GOOGAlphabet Inc. | $114M | 2.5% | — | 0.5 yr |
| TSMTaiwan Semiconductor Man | $110M | 2.4% | — | 0.5 yr |
| AVGOBroadcom Inc. | $106M | 2.3% | — | 0.5 yr |
| JNJJohnson & Johnson | $97M | 2.1% | — | 0.5 yr |
| METAMeta Platforms, Inc. | $89M | 1.9% | — | 0.5 yr |
| MAMastercard Incorporated | $88M | 1.9% | — | 0.5 yr |
| BACBank of America Corporat | $85M | 1.8% | — | 0.5 yr |
| AMATApplied Materials, Inc. | $80M | 1.7% | — | 0.5 yr |
| FANGDiamondback Energy, Inc. | $75M | 1.6% | — | 0.5 yr |
| GOOGLAlphabet Inc. | $73M | 1.6% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.5%$622M
Asset Management8.1%$372M
Internet Content & Information6.7%$310M
Specialty Retail5.8%$265M
Banks - Diversified5.5%$251M
Software - Infrastructure5.4%$249M
Drug Manufacturers - General5.3%$245M
Consumer Electronics3.6%$165M
Financial - Credit Services2.5%$116M
Software - Application2.3%$104M
Country
US88.2%
TW2.4%
CH1.6%
Unknown1.1%
IT1.1%
GB1.0%
IE0.9%
IN0.9%
Top 5: 18.4% · Top 10: 29.6% · Top 25: 50.3%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| JNJ Johnson & Johnson | +$61M |
| AMAT Applied Materials, Inc. | +$49M |
| RACE Ferrari N.V. | +$46M |
| WMT Walmart Inc. | +$40M |
| AAPL Apple Inc. | +$40M |
| FANG Diamondback Energy, Inc. | +$40M |
| AZN AstraZeneca PLCnew | +$35M |
| BAC Bank of America Corporation | +$27M |
| VMC Vulcan Materials Company | +$23M |
| IBN ICICI Bank Limited | +$16M |
Top sells this quarter · 15
| NVDA NVIDIA Corporation | −$83M |
| SPGI S&P Global Inc. | −$55M |
| AVGO Broadcom Inc. | −$46M |
| JPM JPMorgan Chase & Co. | −$44M |
| MSFT Microsoft Corporation | −$38M |
| DHR Danaher Corporation | −$37M |
| LLY Eli Lilly and Company | −$36M |
| TSM Taiwan Semiconductor Manufactu | −$35M |
| META Meta Platforms, Inc. | −$35M |
| NFLX Netflix, Inc. | −$32M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.60B | 1013 | -7.41% | -4.37% | -3.04% | -0.18B |
| 2025-12-31 | $5.16B | 867 | — | — | — | — |