Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.03%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.01%
steady accumulation
Rally response
+0.76%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $44.08B | 5.8% | +60.9% | 10.3 yr |
| AAPLApple Inc. | $40.42B | 5.4% | +14.7% | 10.3 yr |
| MSFTMicrosoft Corporation | $29.50B | 3.9% | -0.6% | 10.3 yr |
| AMZNAmazon.com, Inc. | $19.81B | 2.6% | +9.5% | 10.3 yr |
| GOOGLAlphabet Inc. | $18.69B | 2.5% | — | 10.3 yr |
| GOOGAlphabet Inc. | $15.02B | 2.0% | +84.3% | 10.3 yr |
| AVGOBroadcom Inc. | $14.74B | 2.0% | +86.0% | 7.8 yr |
| METAMeta Platforms, Inc. | $12.58B | 1.7% | -0.4% | 10.3 yr |
| TSLATesla, Inc. | $9.54B | 1.3% | +43.4% | 10.3 yr |
| JPMJPMorgan Chase & Co. | $9.18B | 1.2% | +21.8% | 10.3 yr |
| SPYState Street SPDR S&P 50 | $9.00B | 1.2% | +17.6% | 10.3 yr |
| LLYEli Lilly and Company | $8.12B | 1.1% | +12.2% | 10.3 yr |
| BRK-BBerkshire Hathaway Inc. | $7.42B | 1.0% | — | 10.3 yr |
| XOMExxon Mobil Corporation | $7.26B | 1.0% | +47.6% | 10.3 yr |
| JNJJohnson & Johnson | $7.17B | 0.9% | +51.5% | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors11.8%+3.9pp$89.15B
Asset Management9.4%+0.8pp$70.65B
Internet Content & Information6.4%+1.2pp$48.12B
Software - Infrastructure5.6%-0.7pp$42.50B
Consumer Electronics5.4%-0.2pp$40.82B
Drug Manufacturers - General4.3%+0.1pp$32.54B
Specialty Retail3.3%-0.3pp$25.12B
Banks - Diversified2.8%+0.1pp$21.08B
Financial - Credit Services1.9%-0.6pp$14.53B
Software - Application1.9%-1.0pp$14.33B
Country
US95.1%-0.0pp
IE1.2%-0.2pp
GB0.8%+0.1pp
Unknown0.5%-0.0pp
CA0.4%+0.0pp
CH0.3%+0.0pp
TW0.3%+0.1pp
NL0.2%+0.1pp
Top 5: 20.2% · Top 10: 28.3% · Top 25: 39.7%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$459M |
| PCAR PACCAR Inc | +$210M |
| VRT Vertiv Holdings Co | +$194M |
| PANW Palo Alto Networks, Inc. | +$186M |
| WAT Waters Corporation | +$107M |
| FITB Fifth Third Bancorp | +$100M |
| COP ConocoPhillips | +$87M |
| BTI British American Tobacco p.l.c | +$79M |
| AMZN Amazon.com, Inc. | +$19.81B |
| CDE Coeur Mining, Inc. | +$74M |
Top sells this quarter · 15
| AAPL Apple Inc. | −$357M |
| NVDA NVIDIA Corporation | −$183M |
| JPM JPMorgan Chase & Co. | −$132M |
| CAT Caterpillar Inc. | −$3.35B |
| ABBV AbbVie Inc. | −$114M |
| EXAS Exact Sciences Corporationexit | −$113M |
| CVX Chevron Corporation | −$3.17B |
| LOW Lowe's Companies, Inc. | −$99M |
| META Meta Platforms, Inc. | −$88M |
| MU Micron Technology, Inc. | −$3.04B |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $755.34B | 4385 | +17.72% | +17.59% | +0.13% | +2.02B |
| 2025-12-31 | $783.15B | 4436 | +16.60% | +17.72% | -1.12% | -14.12B |
| 2025-09-30 | $780.57B | 4410 | +16.35% | +17.52% | -1.17% | -4.29B |
| 2025-06-30 | $726.10B | 4384 | +14.57% | +14.94% | -0.37% | -19.53B |
| 2025-03-31 | $672.67B | 4399 | +4.98% | +8.30% | -3.33% | +0.65B |
| 2024-12-31 | $705.35B | 4430 | +18.53% | +24.89% | -6.35% | +82.88B |
| 2024-09-30 | $610.74B | 4407 | +30.00% | +36.04% | -6.04% | -20.82B |
| 2024-06-30 | $593.34B | 4406 | +17.43% | +24.49% | -7.06% | +5.63B |
| 2024-03-31 | $578.66B | 4420 | +23.94% | +29.62% | -5.68% | -15.57B |
| 2023-12-31 | $552.36B | 4467 | +22.53% | +26.18% | -3.65% | -24.71B |
| 2023-09-30 | $516.26B | 4459 | +17.05% | +21.57% | -4.52% | +15.89B |
| 2023-06-30 | $520.40B | 4531 | +15.87% | +19.42% | -3.56% | -20.29B |
| 2023-03-31 | $504.40B | 4576 | -8.56% | -7.82% | -0.74% | -2.40B |
| 2022-12-31 | $476.52B | 4643 | -17.99% | -18.17% | +0.19% | +9.18B |
| 2022-09-30 | $437.67B | 4652 | -14.70% | -15.51% | +0.81% | -6.61B |
| 2022-06-30 | $466.79B | 4690 | -9.86% | -10.62% | +0.76% | -13.98B |