Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.79%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.38%
baseline attrition
Rally response
-6.85%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MRKMerck & Co., Inc. | $85M | 3.4% | +38.9% | 10.5 yr |
| XOMExxon Mobil Corporation | $85M | 3.4% | +47.6% | 10.5 yr |
| CVXChevron Corporation | $83M | 3.3% | +29.2% | 10.5 yr |
| KOThe Coca-Cola Company | $75M | 3.0% | +9.3% | 10.5 yr |
| JNJJohnson & Johnson | $75M | 3.0% | +51.5% | 10.5 yr |
| PGThe Procter & Gamble Com | $72M | 2.9% | -12.9% | 10.5 yr |
| ETNEaton Corporation plc | $72M | 2.9% | +33.2% | 10.5 yr |
| PEPPepsiCo, Inc. | $71M | 2.8% | +7.7% | 10.5 yr |
| SOThe Southern Company | $69M | 2.7% | +8.4% | 10.5 yr |
| EMREmerson Electric Co. | $65M | 2.6% | +21.5% | 10.5 yr |
| CMICummins Inc. | $64M | 2.5% | +74.8% | 10.3 yr |
| TXNTexas Instruments Incorp | $64M | 2.5% | +11.4% | 10.5 yr |
| CSCOCisco Systems, Inc. | $63M | 2.5% | +28.1% | 10.5 yr |
| MCDMcDonald's Corporation | $61M | 2.4% | +1.8% | 10.5 yr |
| CATCaterpillar Inc. | $61M | 2.4% | +117.8% | 9.5 yr |
Portfolio composition (YoY)
Industry mix
Regulated Electric20.5%+2.4pp$516M
Drug Manufacturers - General10.0%+2.7pp$253M
Industrial - Machinery9.4%+0.7pp$236M
Oil & Gas Integrated6.7%+0.2pp$168M
Beverages - Non-Alcoholic5.8%+0.7pp$147M
Semiconductors4.4%-0.7pp$111M
Household & Personal Products4.4%-1.2pp$110M
Industrial - Distribution3.4%-0.0pp$87M
Oil & Gas Refining & Marketing3.1%+0.3pp$79M
Insurance - Property & Casualty2.6%-0.0pp$65M
Country
US97.1%-0.6pp
IE2.9%+0.6pp
Top 5: 16.0% · Top 10: 29.9% · Top 25: 63.1%
Top buys this quarter · 6
| MKC McCormick & Company, Incorpora | +$10M |
| BF-B Brown-Forman Corporation | +$5M |
| BMY Bristol-Myers Squibb Company | +$1M |
| GPC Genuine Parts Company | +$31M |
| POR Portland General Electric Comp | +$1M |
| PEP PepsiCo, Inc. | +$1M |
Top sells this quarter · 15
| XOM Exxon Mobil Corporation | −$38M |
| SON Sonoco Products Companyexit | −$31M |
| VLO Valero Energy Corporation | −$46M |
| PSX Phillips 66 | −$20M |
| CVX Chevron Corporation | −$74M |
| MSM MSC Industrial Direct Co., Inc | −$14M |
| QCOM QUALCOMM Incorporated | −$10M |
| EVRG Evergy, Inc. | −$8M |
| ITW Illinois Tool Works Inc. | −$7M |
| JNJ Johnson & Johnson | −$69M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.52B | 53 | +18.20% | +17.59% | +0.61% | -0.19B |
| 2025-12-31 | $2.48B | 54 | +11.24% | +17.72% | -6.48% | -0.27B |
| 2025-09-30 | $2.70B | 56 | +4.76% | +17.52% | -12.76% | +0.02B |
| 2025-06-30 | $2.55B | 55 | +8.71% | +14.94% | -6.23% | -0.04B |
| 2025-03-31 | $2.57B | 57 | +4.85% | +8.30% | -3.45% | -0.04B |
| 2024-12-31 | $2.54B | 55 | +11.55% | +24.89% | -13.33% | -0.02B |
| 2024-09-30 | $2.67B | 54 | +22.85% | +36.04% | -13.19% | -0.01B |
| 2024-06-30 | $2.46B | 54 | +9.57% | +24.49% | -14.92% | -0.02B |
| 2024-03-31 | $2.54B | 54 | +14.21% | +29.62% | -15.42% | -0.36B |
| 2023-12-31 | $2.65B | 58 | +6.11% | +26.18% | -20.07% | -0.18B |
| 2023-09-30 | $2.68B | 59 | +15.33% | +21.57% | -6.24% | -0.29B |
| 2023-06-30 | $3.05B | 61 | +12.32% | +19.42% | -7.11% | -0.12B |
| 2023-03-31 | $3.13B | 61 | +4.39% | -7.82% | +12.21% | -0.12B |
| 2022-12-31 | $3.19B | 62 | +14.94% | +7.56% | +7.38% | -0.27B |
| 2022-09-30 | $3.01B | 63 | -5.24% | -4.93% | -0.31% | -0.92B |
| 2022-06-30 | $4.15B | 79 | -5.81% | -16.11% | +10.30% | -0.50B |