Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.38%
trims when stocks drop
when a holding falls −10%+
Middle response
+2.12%
steady accumulation
Rally response
-4.83%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $640M | 5.0% | +60.9% | 10.3 yr |
| AAPLApple Inc. | $480M | 3.7% | +14.7% | 10.3 yr |
| MSFTMicrosoft Corporation | $411M | 3.2% | -0.6% | 10.3 yr |
| GOOGLAlphabet Inc. | $355M | 2.8% | — | 10.3 yr |
| AMZNAmazon.com, Inc. | $352M | 2.7% | +9.5% | 10.3 yr |
| AVGOBroadcom Inc. | $263M | 2.0% | +86.0% | 7.8 yr |
| METAMeta Platforms, Inc. | $214M | 1.7% | -0.4% | 10.3 yr |
| GOOGAlphabet Inc. | $145M | 1.1% | +84.3% | 10.3 yr |
| LLYEli Lilly and Company | $139M | 1.1% | +12.2% | 10.3 yr |
| JPMJPMorgan Chase & Co. | $124M | 1.0% | +21.8% | 10.3 yr |
| TSLATesla, Inc. | $109M | 0.8% | +43.4% | 6.0 yr |
| VVisa Inc. | $86M | 0.7% | -13.1% | 10.3 yr |
| GILDGilead Sciences, Inc. | $86M | 0.7% | +27.7% | 10.3 yr |
| CBChubb Limited | $85M | 0.7% | +9.3% | 10.0 yr |
| MUMicron Technology, Inc. | $77M | 0.6% | +289.6% | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors11.4%+3.5pp$1.47B
Internet Content & Information5.8%+0.7pp$747M
Software - Infrastructure5.4%-0.6pp$691M
Specialty Retail4.7%-0.8pp$600M
Drug Manufacturers - General4.2%+0.7pp$543M
Consumer Electronics3.8%-0.3pp$488M
Banks - Diversified3.6%-0.0pp$464M
Industrial - Machinery2.4%-0.1pp$306M
Banks - Regional2.3%-0.3pp$303M
Financial - Credit Services2.2%-0.6pp$288M
Country
US85.9%-2.8pp
GB2.7%+0.9pp
IE1.8%+0.3pp
CN1.2%+0.1pp
Unknown1.0%+0.2pp
CH1.0%+0.1pp
BR0.9%+0.4pp
FR0.9%+0.3pp
Top 5: 17.4% · Top 10: 24.2% · Top 25: 33.1%
Top buys this quarter · 15
| MPC Marathon Petroleum Corporation | +$35M |
| MU Micron Technology, Inc. | +$31M |
| HCA HCA Healthcare, Inc. | +$29M |
| NEM Newmont Corporation | +$26M |
| NXPI NXP Semiconductors N.V. | +$26M |
| SYY Sysco Corporation | +$25M |
| DECK Deckers Outdoor Corporation | +$24M |
| CVS CVS Health Corporation | +$23M |
| TSCO Tractor Supply Company | +$23M |
| IVZ Invesco Ltd. | +$22M |
Top sells this quarter · 15
| T AT&T Inc. | −$45M |
| JBL Jabil Inc. | −$30M |
| MAS Masco Corporation | −$29M |
| ADBE Adobe Inc. | −$27M |
| RL Ralph Lauren Corporation | −$27M |
| EXPE Expedia Group, Inc. | −$26M |
| TKO TKO Group Holdings, Inc. | −$25M |
| OMC Omnicom Group Inc. | −$24M |
| UAL United Airlines Holdings, Inc. | −$24M |
| RCL Royal Caribbean Cruises Ltd. | −$21M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $12.89B | 1677 | +19.34% | +17.59% | +1.75% | -0.01B |
| 2025-12-31 | $13.34B | 1682 | +17.80% | +17.72% | +0.08% | -0.17B |
| 2025-09-30 | $13.15B | 1676 | +15.98% | +17.52% | -1.54% | -0.18B |
| 2025-06-30 | $12.35B | 1670 | +14.43% | +14.94% | -0.51% | +0.02B |
| 2025-03-31 | $11.08B | 1675 | +2.87% | +8.30% | -5.44% | +0.21B |
| 2024-12-31 | $11.39B | 1674 | +17.27% | +24.89% | -7.62% | -0.22B |
| 2024-09-30 | $11.47B | 1677 | +29.87% | +36.04% | -6.17% | -0.39B |
| 2024-06-30 | $11.14B | 1683 | +18.41% | +24.49% | -6.08% | -0.04B |
| 2024-03-31 | $11.17B | 1686 | +26.90% | +29.62% | -2.73% | -0.48B |
| 2023-12-31 | $10.71B | 1679 | +23.82% | +26.18% | -2.36% | -0.35B |
| 2023-09-30 | $9.87B | 1716 | +19.41% | +21.57% | -2.15% | -0.18B |
| 2023-06-30 | $10.35B | 1726 | -0.97% | +19.42% | -20.39% | -0.38B |
| 2023-03-31 | $10.00B | 1745 | -11.92% | +4.81% | -16.73% | -0.10B |
| 2022-12-31 | $9.52B | 1740 | -7.82% | +8.33% | -16.15% | +0.30B |
| 2022-09-30 | $8.53B | 1714 | -14.21% | +1.29% | -15.50% | +0.27B |
| 2022-03-31 | $10.26B | 1758 | +15.45% | +15.45% | +0.00% | -0.46B |