Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.40%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.24%
steady accumulation
Rally response
-2.63%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $16.84B | 4.2% | +60.9% | 10.3 yr |
| MSFTMicrosoft Corporation | $14.22B | 3.5% | -0.6% | 10.3 yr |
| AAPLApple Inc. | $12.33B | 3.1% | +14.7% | 10.3 yr |
| AMZNAmazon.com, Inc. | $11.19B | 2.8% | +9.5% | 10.3 yr |
| GOOGLAlphabet Inc. | $10.34B | 2.6% | — | 10.3 yr |
| AVGOBroadcom Inc. | $8.86B | 2.2% | +86.0% | 7.8 yr |
| XOMExxon Mobil Corporation | $7.03B | 1.7% | +47.6% | 10.3 yr |
| METAMeta Platforms, Inc. | $5.55B | 1.4% | -0.4% | 10.3 yr |
| GOOGAlphabet Inc. | $4.97B | 1.2% | +84.3% | 10.3 yr |
| CSCOCisco Systems, Inc. | $4.52B | 1.1% | +28.1% | 10.3 yr |
| JPMJPMorgan Chase & Co. | $4.42B | 1.1% | +21.8% | 10.3 yr |
| CCitigroup Inc. | $4.42B | 1.1% | +63.9% | 10.3 yr |
| NEENextEra Energy, Inc. | $4.32B | 1.1% | +34.9% | 10.3 yr |
| LLYEli Lilly and Company | $4.11B | 1.0% | +12.2% | 10.3 yr |
| PGThe Procter & Gamble Com | $4.01B | 1.0% | -12.9% | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors10.5%+2.8pp$42.30B
Internet Content & Information5.4%+1.6pp$21.72B
Software - Infrastructure4.8%-1.9pp$19.16B
Drug Manufacturers - General4.6%+0.2pp$18.49B
Regulated Electric3.9%+0.6pp$15.83B
Banks - Diversified3.7%+0.6pp$14.95B
Asset Management3.5%-0.4pp$14.28B
Specialty Retail3.5%+0.2pp$14.27B
Consumer Electronics3.1%+0.0pp$12.43B
Oil & Gas Integrated3.0%+0.5pp$12.24B
Country
US89.1%-0.7pp
GB2.4%+0.9pp
IE2.3%-0.6pp
Unknown1.5%-0.1pp
CA1.5%+0.3pp
TW0.6%+0.3pp
SG0.4%+0.1pp
CH0.3%+0.0pp
Top 5: 16.1% · Top 10: 23.8% · Top 25: 37.0%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$3.51B |
| KR The Kroger Co. | +$967M |
| ABT Abbott Laboratories | +$910M |
| GOOG Alphabet Inc. | +$830M |
| BAC Bank of America Corporation | +$779M |
| JPM JPMorgan Chase & Co. | +$762M |
| HON Honeywell International Inc. | +$750M |
| ALL The Allstate Corporation | +$625M |
| CSCO Cisco Systems, Inc. | +$609M |
| META Meta Platforms, Inc. | +$5.55B |
Top sells this quarter · 15
| WMT Walmart Inc. | −$1.15B |
| JCI Johnson Controls International | −$850M |
| TXN Texas Instruments Incorporated | −$715M |
| MSFT Microsoft Corporation | −$580M |
| RTX RTX Corporation | −$441M |
| MA Mastercard Incorporated | −$415M |
| SLB SLB N.V. | −$395M |
| Q Qnity Electronics, Inc. | −$387M |
| TGT Target Corporation | −$376M |
| AMT American Tower Corporation | −$344M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $403.03B | 3053 | +17.69% | +17.59% | +0.10% | +12.24B |
| 2025-12-31 | $401.26B | 2998 | +16.59% | +17.72% | -1.13% | -2.73B |
| 2025-09-30 | $393.96B | 2986 | +14.11% | +17.52% | -3.40% | -1.97B |
| 2025-06-30 | $371.01B | 2916 | +13.47% | +14.94% | -1.47% | -4.44B |
| 2025-03-31 | $340.00B | 2857 | +3.86% | +8.30% | -4.44% | -0.14B |
| 2024-12-31 | $352.55B | 2815 | +16.33% | +24.89% | -8.56% | +0.77B |
| 2024-09-30 | $350.50B | 2803 | +30.21% | +36.04% | -5.83% | +10.53B |
| 2024-06-30 | $320.36B | 2752 | +17.07% | +24.49% | -7.42% | +6.03B |
| 2024-03-31 | $310.99B | 2746 | +22.62% | +29.62% | -7.00% | +83.80B |
| 2023-12-31 | $210.25B | 2573 | +19.87% | +26.18% | -6.31% | -7.03B |
| 2023-09-30 | $193.40B | 2595 | +15.84% | +21.57% | -5.73% | -4.11B |
| 2023-06-30 | $207.01B | 2659 | +15.57% | +19.42% | -3.86% | -0.24B |
| 2023-03-31 | $195.77B | 2255 | -8.17% | -7.82% | -0.35% | -3.64B |
| 2022-12-31 | $188.77B | 2270 | -17.08% | -18.17% | +1.09% | -6.17B |
| 2022-09-30 | $179.56B | 2238 | -15.17% | -15.51% | +0.34% | -10.21B |
| 2022-06-30 | $199.36B | 2296 | -10.37% | -10.62% | +0.25% | -8.66B |