Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+8.00%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.56%
steady accumulation
Rally response
-6.59%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TSMTaiwan Semiconductor Man | $82M | 12.0% | +105.6% | 2.5 yr |
| INFYInfosys Limited | $60M | 8.8% | -23.8% | 1.0 yr |
| RYAAYRyanair Holdings plc | $56M | 8.3% | — | 2.5 yr |
| HDBHDFC Bank Limited | $51M | 7.4% | -24.3% | 2.0 yr |
| ICLRICON Public Limited Comp | $35M | 5.2% | -36.8% | 2.5 yr |
| WBDWarner Bros. Discovery, | $10M | 1.5% | +155.9% | 4.3 yr |
| OKEONEOK, Inc. | $9M | 1.4% | -3.8% | 1.8 yr |
| DOVDover Corporation | $9M | 1.3% | +20.0% | 8.8 yr |
| JNJJohnson & Johnson | $9M | 1.3% | +51.5% | 10.5 yr |
| COPConocoPhillips | $9M | 1.3% | +30.0% | 10.5 yr |
| CCitigroup Inc. | $9M | 1.2% | +63.9% | 10.5 yr |
| BMYBristol-Myers Squibb Com | $8M | 1.2% | +3.4% | 10.5 yr |
| EOGEOG Resources, Inc. | $8M | 1.2% | +16.9% | 3.5 yr |
| JPMJPMorgan Chase & Co. | $8M | 1.2% | +21.8% | 10.5 yr |
| SNASnap-on Incorporated | $8M | 1.2% | +10.7% | 9.8 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors12.8%+4.6pp$88M
Information Technology Services12.0%+8.1pp$82M
Banks - Regional10.3%-5.0pp$70M
Airlines, Airports & Air Services8.3%-0.1pp$56M
Medical - Diagnostics & Research5.2%-1.3pp$35M
Drug Manufacturers - General3.5%-0.5pp$24M
Asset Management3.3%+1.9pp$22M
Oil & Gas Exploration & Production2.5%+0.4pp$17M
Banks - Diversified2.4%-0.6pp$17M
REIT - Retail2.2%+0.9pp$15M
Country
US55.4%-8.5pp
IN16.2%+4.6pp
IE15.7%-1.5pp
TW12.0%+4.7pp
Unknown0.8%+0.8pp
Top 5: 41.6% · Top 10: 48.3% · Top 25: 65.7%
Top buys this quarter · 15
| INFY Infosys Limited | +$22M |
| HDB HDFC Bank Limited | +$51M |
| ADBE Adobe Inc.new | +$7M |
| ICLR ICON Public Limited Company | +$35M |
| PEP PepsiCo, Inc. | +$6M |
| TSM Taiwan Semiconductor Manufactu | +$2M |
| GPC Genuine Parts Company | +$2M |
| ACN Accenture plc | +$8M |
| IBM International Business Machine | +$1M |
| O Realty Income Corporation | +$1M |
Top sells this quarter · 15
| HSY The Hershey Companyexit | −$7M |
| MPC Marathon Petroleum Corporation | −$6M |
| AMAT Applied Materials, Inc. | −$4M |
| LMT Lockheed Martin Corporation | −$2M |
| COP ConocoPhillips | −$8M |
| JNJ Johnson & Johnson | −$2M |
| BMY Bristol-Myers Squibb Company | −$2M |
| C Citigroup Inc. | −$1M |
| EOG EOG Resources, Inc. | −$7M |
| DUK Duke Energy Corporation | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $684M | 101 | +14.27% | +17.59% | -3.32% | +0.05B |
| 2025-12-31 | $675M | 87 | +18.86% | +17.72% | +1.14% | +0.02B |
| 2025-09-30 | $618M | 88 | +8.76% | +17.52% | -8.76% | -0.01B |
| 2025-06-30 | $584M | 91 | +7.86% | +14.94% | -7.08% | +0.06B |
| 2025-03-31 | $492M | 101 | +0.80% | +8.30% | -7.50% | -0.04B |
| 2024-12-31 | $542M | 187 | +13.88% | +24.89% | -11.01% | +0.02B |
| 2024-09-30 | $539M | 194 | +29.87% | +36.04% | -6.17% | -0.01B |
| 2024-06-30 | $518M | 192 | +18.78% | +24.49% | -5.71% | +0.01B |
| 2024-03-31 | $512M | 160 | +21.80% | +29.62% | -7.82% | +0.03B |
| 2023-12-31 | $431M | 146 | +8.98% | +26.18% | -17.19% | +0.09B |
| 2023-09-30 | $306M | 130 | +10.81% | +21.57% | -10.76% | -0.00B |
| 2023-06-30 | $314M | 122 | +10.02% | +19.42% | -9.40% | -0.01B |
| 2023-03-31 | $322M | 128 | -1.92% | -7.82% | +5.90% | +0.03B |
| 2022-12-31 | $293M | 132 | +12.67% | +7.56% | +5.11% | -0.01B |
| 2022-09-30 | $269M | 147 | -3.23% | -4.93% | +1.69% | +0.00B |
| 2022-06-30 | $274M | 133 | -9.62% | -16.11% | +6.49% | -0.01B |