Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.21%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.59%
baseline attrition
Rally response
-1.46%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $1.99B | 7.8% | +60.9% | 10.5 yr |
| AAPLApple Inc. | $1.72B | 6.7% | +14.7% | 10.5 yr |
| GOOGLAlphabet Inc. | $1.31B | 5.1% | — | 10.5 yr |
| MSFTMicrosoft Corporation | $1.28B | 5.0% | -0.6% | 10.5 yr |
| AMZNAmazon.com, Inc. | $1.01B | 4.0% | +9.5% | 10.5 yr |
| METAMeta Platforms, Inc. | $723M | 2.8% | -0.4% | 10.5 yr |
| AVGOBroadcom Inc. | $697M | 2.7% | +86.0% | 8.0 yr |
| JPMJPMorgan Chase & Co. | $511M | 2.0% | +21.8% | 10.5 yr |
| WMTWalmart Inc. | $492M | 1.9% | +42.8% | 10.5 yr |
| XOMExxon Mobil Corporation | $465M | 1.8% | +47.6% | 10.5 yr |
| LLYEli Lilly and Company | $412M | 1.6% | +12.2% | 10.5 yr |
| COSTCostco Wholesale Corpora | $396M | 1.6% | +5.9% | 10.5 yr |
| VVisa Inc. | $335M | 1.3% | -13.1% | 10.5 yr |
| TSLATesla, Inc. | $329M | 1.3% | +43.4% | 10.5 yr |
| PMPhilip Morris Internatio | $300M | 1.2% | +7.9% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors15.7%+5.8pp$4.01B
Internet Content & Information8.8%+1.6pp$2.24B
Consumer Electronics6.8%-0.1pp$1.72B
Software - Infrastructure6.5%-1.2pp$1.65B
Specialty Retail5.2%-1.0pp$1.33B
Financial - Credit Services3.7%-0.7pp$955M
Drug Manufacturers - General3.7%+1.1pp$935M
Discount Stores3.5%+0.1pp$904M
Unknown3.2%-0.6pp$819M
Aerospace & Defense2.7%+1.2pp$686M
Country
US93.3%+1.3pp
Unknown3.2%-0.6pp
TW0.9%+0.4pp
CA0.8%-0.5pp
IE0.5%+0.0pp
UY0.4%-0.1pp
NL0.2%-0.2pp
GB0.2%+0.1pp
Top 5: 28.7% · Top 10: 40.0% · Top 25: 56.0%
Top buys this quarter · 15
| T AT&T Inc. | +$96M |
| SYK Stryker Corporation | +$82M |
| MNST Monster Beverage Corporation | +$80M |
| MU Micron Technology, Inc. | +$78M |
| COF Capital One Financial Corporat | +$74M |
| AMD Advanced Micro Devices, Inc. | +$71M |
| TJX The TJX Companies, Inc. | +$65M |
| CAT Caterpillar Inc. | +$43M |
| LRCX Lam Research Corporation | +$41M |
| BSX Boston Scientific Corporation | +$39M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $25.48B | 1846 | +14.78% | +17.59% | -2.81% | -0.34B |
| 2025-12-31 | $27.20B | 1863 | +13.96% | +17.72% | -3.76% | -0.33B |
| 2025-09-30 | $27.21B | 1885 | +14.90% | +17.52% | -2.62% | -0.52B |
| 2025-06-30 | $25.92B | 1883 | +13.83% | +14.94% | -1.11% | -0.28B |
| 2025-03-31 | $23.45B | 1904 | +4.14% | +8.30% | -4.16% | -0.29B |
| 2024-12-31 | $25.18B | 1923 | +18.95% | +24.89% | -5.94% | -0.52B |
| 2024-09-30 | $25.20B | 1937 | +31.92% | +36.04% | -4.11% | -0.16B |
| 2024-06-30 | $23.93B | 1912 | +18.96% | +24.49% | -5.53% | +0.26B |
| 2024-03-31 | $23.16B | 1896 | +25.49% | +29.62% | -4.13% | -0.15B |
| 2023-12-31 | $21.65B | 1912 | +26.17% | +26.18% | -0.01% | -0.76B |
| 2023-09-30 | $19.81B | 1956 | +18.82% | +21.57% | -2.75% | -0.26B |
| 2023-06-30 | $21.00B | 1941 | +18.54% | +19.42% | -0.88% | +0.12B |
| 2023-03-31 | $19.37B | 1959 | -7.08% | -7.82% | +0.74% | -0.50B |
| 2022-12-31 | $18.36B | 1954 | +6.54% | +7.56% | -1.02% | -0.13B |
| 2022-09-30 | $17.35B | 1954 | -4.66% | -4.93% | +0.27% | -0.04B |
| 2022-06-30 | $18.23B | 1959 | -15.48% | -16.11% | +0.63% | -0.40B |