Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.31%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.12%
steady accumulation
Rally response
-3.29%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $1.42B | 6.2% | +14.7% | 10.5 yr |
| NVDANVIDIA Corporation | $1.17B | 5.1% | +60.9% | 10.5 yr |
| MSFTMicrosoft Corporation | $1.08B | 4.7% | -0.6% | 10.5 yr |
| DSGRDistribution Solutions G | $1.07B | 4.6% | -6.3% | 10.5 yr |
| AMZNAmazon.com, Inc. | $697M | 3.0% | +9.5% | 10.5 yr |
| GOOGLAlphabet Inc. | $693M | 3.0% | — | 10.5 yr |
| GOOGAlphabet Inc. | $686M | 3.0% | +84.3% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $509M | 2.2% | +21.8% | 10.5 yr |
| AVGOBroadcom Inc. | $461M | 2.0% | +86.0% | 5.8 yr |
| HDThe Home Depot, Inc. | $402M | 1.7% | -8.0% | 10.5 yr |
| MLMMartin Marietta Material | $392M | 1.7% | +23.8% | 10.5 yr |
| BACBank of America Corporat | $358M | 1.5% | +19.4% | 10.5 yr |
| TMOThermo Fisher Scientific | $349M | 1.5% | -0.9% | 10.5 yr |
| ORCLOracle Corporation | $336M | 1.5% | +5.9% | 10.5 yr |
| TDYTeledyne Technologies In | $319M | 1.4% | +21.6% | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors7.8%+2.7pp$1.81B
Software - Infrastructure7.4%-0.6pp$1.71B
Internet Content & Information6.5%+2.4pp$1.49B
Consumer Electronics6.2%+0.1pp$1.42B
Industrial - Distribution5.0%-0.2pp$1.16B
Specialty Retail4.8%-0.1pp$1.11B
Industrial - Machinery4.6%-0.3pp$1.07B
Drug Manufacturers - General4.5%+0.0pp$1.04B
Banks - Diversified3.9%+0.2pp$906M
Oil & Gas Exploration & Production3.8%+0.3pp$887M
Country
US94.6%-0.6pp
CA2.2%+0.3pp
Unknown1.6%+0.2pp
CH0.7%-0.3pp
IE0.6%+0.2pp
IL0.2%+0.1pp
GB0.1%+0.1pp
BM0.0%+0.0pp
Top 5: 23.5% · Top 10: 35.4% · Top 25: 54.5%
Top buys this quarter · 15
| RTX RTX Corporation | +$38M |
| FITB Fifth Third Bancorpnew | +$33M |
| URI United Rentals, Inc. | +$27M |
| ETN Eaton Corporation plc | +$24M |
| NFLX Netflix, Inc. | +$19M |
| CEG Constellation Energy Corporati | +$18M |
| BTSG BrightSpring Health Services, new | +$13M |
| AMAT Applied Materials, Inc. | +$11M |
| TMO Thermo Fisher Scientific Inc. | +$349M |
| TDG TransDigm Group Incorporated | +$126M |
Top sells this quarter · 15
| SPGI S&P Global Inc. | −$59M |
| ORCL Oracle Corporation | −$51M |
| ROP Roper Technologies, Inc. | −$45M |
| AAPL Apple Inc. | −$40M |
| BR Broadridge Financial Solutions | −$32M |
| GOOG Alphabet Inc. | −$30M |
| NVDA NVIDIA Corporation | −$27M |
| MSFT Microsoft Corporation | −$25M |
| INTU Intuit Inc. | −$24M |
| LITE Lumentum Holdings Inc. | −$23M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $23.14B | 600 | +10.40% | +17.59% | -7.19% | -0.45B |
| 2025-12-31 | $24.58B | 605 | +9.39% | +17.72% | -8.33% | +0.30B |
| 2025-09-30 | $24.26B | 598 | +8.95% | +17.52% | -8.56% | -0.29B |
| 2025-06-30 | $23.03B | 585 | +8.51% | +14.94% | -6.43% | -0.33B |
| 2025-03-31 | $21.66B | 592 | +0.41% | +8.30% | -7.89% | -0.31B |
| 2024-12-31 | $23.11B | 588 | +12.91% | +24.89% | -11.98% | -0.11B |
| 2024-09-30 | $23.30B | 600 | +25.65% | +36.04% | -10.38% | -0.26B |
| 2024-06-30 | $22.19B | 596 | +13.40% | +24.49% | -11.09% | +0.06B |
| 2024-03-31 | $22.17B | 596 | +20.61% | +29.62% | -9.01% | -0.06B |
| 2023-12-31 | $20.80B | 580 | +17.46% | +26.18% | -8.72% | -0.56B |
| 2023-09-30 | $19.26B | 584 | +15.42% | +21.57% | -6.15% | -0.02B |
| 2023-06-30 | $20.12B | 591 | +14.16% | +19.42% | -5.26% | +0.03B |
| 2023-03-31 | $18.92B | 578 | -7.82% | -7.82% | -0.00% | -0.06B |
| 2022-12-31 | $18.23B | 577 | -15.55% | -18.17% | +2.63% | -0.01B |
| 2022-09-30 | $16.74B | 566 | -13.93% | -15.51% | +1.58% | -0.19B |
| 2022-06-30 | $17.86B | 604 | -8.66% | -10.62% | +1.96% | +0.30B |