Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.18%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.67%
steady accumulation
Rally response
+1.65%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $2.37B | 4.3% | +60.9% | 10.5 yr |
| AAPLApple Inc. | $2.33B | 4.3% | +14.7% | 10.5 yr |
| IVViShares Core S&P 500 ETF | $1.85B | 3.4% | — | 10.5 yr |
| LLYEli Lilly and Company | $1.81B | 3.3% | +12.2% | 10.5 yr |
| MSFTMicrosoft Corporation | $1.69B | 3.1% | -0.6% | 10.5 yr |
| GOOGLAlphabet Inc. | $1.44B | 2.6% | — | 10.5 yr |
| AMZNAmazon.com, Inc. | $1.21B | 2.2% | +9.5% | 10.5 yr |
| AVGOBroadcom Inc. | $1.16B | 2.1% | +86.0% | 8.0 yr |
| JPMJPMorgan Chase & Co. | $973M | 1.8% | +21.8% | 10.5 yr |
| OEFiShares S&P 100 ETF | $821M | 1.5% | — | 10.5 yr |
| METAMeta Platforms, Inc. | $688M | 1.3% | -0.4% | 10.5 yr |
| GOOGAlphabet Inc. | $610M | 1.1% | +84.3% | 10.5 yr |
| SPYState Street SPDR S&P 50 | $599M | 1.1% | +17.6% | 10.5 yr |
| XOMExxon Mobil Corporation | $572M | 1.0% | +47.6% | 10.5 yr |
| IJHiShares Core S&P Mid-Cap | $500M | 0.9% | — | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management28.7%+1.0pp$15.65B
Semiconductors8.7%+0.8pp$4.73B
Drug Manufacturers - General6.3%+1.7pp$3.44B
Internet Content & Information5.1%+0.3pp$2.76B
Software - Infrastructure4.6%-1.6pp$2.52B
Consumer Electronics4.3%-0.9pp$2.34B
Banks - Diversified3.0%-0.5pp$1.62B
Specialty Retail2.5%-0.6pp$1.38B
Aerospace & Defense1.7%+0.5pp$931M
Financial - Credit Services1.7%-0.6pp$927M
Country
US98.6%+1.1pp
IE0.5%-0.6pp
GB0.3%-0.3pp
Unknown0.2%+0.0pp
CH0.1%-0.1pp
CA0.0%-0.0pp
NL0.0%-0.0pp
TW0.0%-0.0pp
Top 5: 18.4% · Top 10: 28.7% · Top 25: 42.4%
Top buys this quarter · 15
| LLY Eli Lilly and Company | +$1.38B |
| AAPL Apple Inc. | +$809M |
| NVDA NVIDIA Corporation | +$651M |
| MSFT Microsoft Corporation | +$629M |
| AMZN Amazon.com, Inc. | +$382M |
| JPM JPMorgan Chase & Co. | +$308M |
| AVGO Broadcom Inc. | +$303M |
| SPY State Street SPDR S&P 500 ETF | +$301M |
| GOOG Alphabet Inc. | +$272M |
| META Meta Platforms, Inc. | +$230M |
Top sells this quarter · 15
| HNI HNI Corporation | −$30M |
| ACN Accenture plc | −$18M |
| MRVL Marvell Technology, Inc. | −$62M |
| TSM Taiwan Semiconductor Manufactu | −$3M |
| EQIX Equinix, Inc. | −$3M |
| ETN Eaton Corporation plc | −$155M |
| CHDN Churchill Downs Incorporated | −$2M |
| SFST Southern First Bancshares, Inc | −$2M |
| ASML ASML Holding N.V. | −$13M |
| ALC Alcon Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $54.56B | 4241 | +17.90% | +17.59% | +0.31% | +24.51B |
| 2025-12-31 | $31.41B | 2620 | +17.25% | +17.72% | -0.47% | -0.39B |
| 2025-09-30 | $31.16B | 2604 | +17.24% | +17.52% | -0.28% | -0.08B |
| 2025-06-30 | $28.86B | 2548 | +14.85% | +14.94% | -0.10% | -0.43B |
| 2025-03-31 | $26.24B | 2511 | +5.50% | +8.30% | -2.80% | +0.08B |
| 2024-12-31 | $27.50B | 2497 | +20.56% | +24.89% | -4.33% | -0.60B |
| 2024-09-30 | $27.54B | 2525 | +31.34% | +36.04% | -4.70% | -0.23B |
| 2024-06-30 | $26.20B | 2440 | +19.79% | +24.49% | -4.70% | +0.01B |
| 2024-03-31 | $25.54B | 2350 | +24.99% | +29.62% | -4.64% | +0.02B |
| 2023-12-31 | $23.48B | 2479 | +20.57% | +26.18% | -5.61% | -0.45B |
| 2023-09-30 | $21.53B | 2567 | +18.11% | +21.57% | -3.45% | -0.34B |
| 2023-06-30 | $22.62B | 2596 | +16.25% | +19.42% | -3.17% | -0.31B |
| 2023-03-31 | $21.43B | 2675 | -6.20% | -7.82% | +1.61% | -0.35B |
| 2022-12-31 | $20.78B | 2630 | -14.67% | -18.17% | +3.50% | -0.03B |
| 2022-09-30 | $19.10B | 2621 | -12.97% | -15.51% | +2.54% | -0.55B |
| 2022-06-30 | $20.65B | 2615 | -8.04% | -10.62% | +2.58% | -0.45B |