Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-18.48%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.94%
baseline attrition
Rally response
-2.35%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $377M | 8.1% | +60.9% | 9.3 yr |
| AAPLApple Inc. | $364M | 7.8% | +14.7% | 10.5 yr |
| GOOGLAlphabet Inc. | $312M | 6.7% | — | 10.5 yr |
| MSFTMicrosoft Corporation | $211M | 4.5% | -0.6% | 10.5 yr |
| AMZNAmazon.com, Inc. | $189M | 4.1% | +9.5% | 10.5 yr |
| AVGOBroadcom Inc. | $177M | 3.8% | +86.0% | 6.3 yr |
| JPMJPMorgan Chase & Co. | $153M | 3.3% | +21.8% | 10.5 yr |
| RTXRTX Corporation | $141M | 3.0% | +48.1% | 2.8 yr |
| LLYEli Lilly and Company | $121M | 2.6% | +12.2% | 9.5 yr |
| SCHWThe Charles Schwab Corpo | $119M | 2.6% | +21.5% | 7.3 yr |
| GSThe Goldman Sachs Group, | $117M | 2.5% | +58.1% | 6.5 yr |
| MCKMcKesson Corporation | $108M | 2.3% | +29.1% | 2.3 yr |
| XOMExxon Mobil Corporation | $106M | 2.3% | +47.6% | 6.8 yr |
| CATCaterpillar Inc. | $101M | 2.2% | +117.8% | 7.5 yr |
| COSTCostco Wholesale Corpora | $100M | 2.1% | +5.9% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors16.8%+7.1pp$781M
Internet Content & Information8.6%-1.1pp$402M
Consumer Electronics7.8%+0.2pp$364M
Financial - Capital Markets6.4%+2.5pp$297M
Software - Infrastructure5.8%-3.3pp$271M
Banks - Diversified4.9%+0.8pp$226M
Aerospace & Defense4.8%+0.4pp$223M
Drug Manufacturers - General4.7%-0.1pp$220M
Specialty Retail4.4%-1.2pp$207M
Discount Stores4.3%+0.6pp$199M
Country
US99.6%+0.9pp
CA0.2%-0.1pp
IE0.2%-0.0pp
GB0.0%+0.0pp
Top 5: 31.2% · Top 10: 46.5% · Top 25: 75.3%
Top buys this quarter · 15
| GEV GE Vernova Inc. | +$82M |
| AMAT Applied Materials, Inc.new | +$73M |
| DAL Delta Air Lines, Inc. | +$60M |
| XOM Exxon Mobil Corporation | +$48M |
| CSCO Cisco Systems, Inc. | +$48M |
| NOW ServiceNow, Inc. | +$46M |
| PCAR PACCAR Incnew | +$45M |
| FCX Freeport-McMoRan Inc. | +$29M |
| ADI Analog Devices, Inc. | +$28M |
| APH Amphenol Corporationnew | +$28M |
Top sells this quarter · 15
| META Meta Platforms, Inc. | −$86M |
| MSFT Microsoft Corporation | −$71M |
| CEG Constellation Energy Corporatiexit | −$61M |
| MU Micron Technology, Inc. | −$53M |
| EQT EQT Corporationexit | −$52M |
| AMZN Amazon.com, Inc. | −$50M |
| ABBV AbbVie Inc. | −$47M |
| GE GE Aerospace | −$46M |
| LRCX Lam Research Corporation | −$45M |
| JPM JPMorgan Chase & Co. | −$41M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.66B | 104 | +19.53% | +17.59% | +1.93% | -0.16B |
| 2025-12-31 | $5.13B | 105 | +21.38% | +17.72% | +3.66% | -0.19B |
| 2025-09-30 | $5.22B | 102 | +23.85% | +17.52% | +6.33% | -0.12B |
| 2025-06-30 | $4.93B | 102 | +20.38% | +14.94% | +5.44% | +0.12B |
| 2025-03-31 | $4.18B | 101 | +8.04% | +8.30% | -0.26% | -0.21B |
| 2024-12-31 | $4.60B | 99 | +24.78% | +24.89% | -0.11% | -0.26B |
| 2024-09-30 | $4.66B | 105 | +37.17% | +36.04% | +1.13% | -0.00B |
| 2024-06-30 | $4.43B | 93 | +25.46% | +24.49% | +0.96% | -0.04B |
| 2024-03-31 | $4.33B | 102 | +33.96% | +29.62% | +4.34% | +0.06B |
| 2023-12-31 | $3.88B | 95 | +31.71% | +26.18% | +5.53% | +0.02B |
| 2023-09-30 | $3.37B | 94 | +16.72% | +21.57% | -4.85% | -0.18B |
| 2023-06-30 | $3.69B | 104 | +17.06% | +19.42% | -2.36% | -0.11B |
| 2023-03-31 | $3.44B | 111 | -9.82% | -7.82% | -2.00% | -0.14B |
| 2022-12-31 | $3.31B | 140 | -20.62% | -18.17% | -2.44% | +0.09B |
| 2022-09-30 | $3.17B | 91 | -13.05% | -15.51% | +2.46% | -0.03B |
| 2022-06-30 | $3.32B | 98 | -9.40% | -10.62% | +1.22% | -0.32B |