Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.16%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.42%
baseline attrition
Rally response
-1.58%
trims into rallies
when a holding rises +10%+
Top positions · 1
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| LLYEli Lilly and Company | $84.52B | 100.0% | +12.2% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Drug Manufacturers - General100.0%+0.0pp$84.52B
Country
US100.0%+0.0pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| LLY | $79.30B | +9.59B | 12.2% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 1
| LLY Eli Lilly and Company | −$270M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $84.52B | 1 | +12.19% | +17.59% | -5.40% | -0.41B |
| 2025-12-31 | $99.08B | 1 | +40.25% | +17.72% | +22.53% | -3.70B |
| 2025-09-30 | $72.86B | 1 | -13.22% | +17.52% | -30.74% | -0.56B |
| 2025-06-30 | $74.85B | 1 | -13.31% | +14.94% | -28.25% | -0.15B |
| 2025-03-31 | $79.30B | 1 | +6.85% | +8.30% | -1.45% | -0.86B |
| 2024-12-31 | $74.80B | 1 | +33.30% | +24.89% | +8.42% | -0.12B |
| 2024-09-30 | $85.84B | 1 | +66.05% | +36.04% | +30.01% | -0.54B |
| 2024-06-30 | $88.15B | 1 | +94.49% | +24.49% | +70.00% | -1.54B |
| 2024-03-31 | $76.94B | 1 | +128.43% | +29.62% | +98.81% | -0.81B |
| 2023-12-31 | $58.16B | 1 | +60.91% | +26.18% | +34.73% | -0.23B |
| 2023-09-30 | $53.70B | 1 | +67.91% | +21.57% | +46.35% | -0.68B |
| 2023-06-30 | $47.38B | 1 | +46.37% | +19.42% | +26.95% | -0.84B |
| 2023-03-31 | $35.22B | 1 | +21.45% | -7.82% | +29.27% | -0.25B |
| 2022-12-31 | $37.66B | 1 | +13.46% | +7.56% | +5.90% | -0.41B |
| 2022-09-30 | $33.56B | 1 | +0.05% | -4.93% | +4.98% | -0.23B |
| 2022-06-30 | $33.77B | 1 | +13.61% | -16.11% | +29.72% | -0.76B |