Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-12.29%
trims when stocks drop
when a holding falls −10%+
Middle response
-5.52%
baseline attrition
Rally response
+0.65%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $1.34B | 5.6% | +60.9% | 10.5 yr |
| AAPLApple Inc. | $1.18B | 4.9% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $827M | 3.4% | -0.6% | 10.5 yr |
| AMZNAmazon.com, Inc. | $602M | 2.5% | +9.5% | 10.5 yr |
| GOOGLAlphabet Inc. | $551M | 2.3% | — | 10.5 yr |
| VOOVanguard S&P 500 ETF | $506M | 2.1% | — | 4.5 yr |
| AVGOBroadcom Inc. | $443M | 1.8% | +86.0% | 8.0 yr |
| GOOGAlphabet Inc. | $430M | 1.8% | +84.3% | 10.5 yr |
| IVViShares Core S&P 500 ETF | $413M | 1.7% | — | 4.5 yr |
| METAMeta Platforms, Inc. | $395M | 1.6% | -0.4% | 10.5 yr |
| TSLATesla, Inc. | $292M | 1.2% | +43.4% | 9.8 yr |
| LLYEli Lilly and Company | $267M | 1.1% | +12.2% | 10.5 yr |
| EMXCiShares MSCI Emerging Ma | $236M | 1.0% | — | 1.0 yr |
| XOMExxon Mobil Corporation | $224M | 0.9% | +47.6% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $215M | 0.9% | +21.8% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors11.3%+4.8pp$2.70B
Asset Management7.1%-5.1pp$1.70B
Internet Content & Information6.1%+1.4pp$1.47B
Software - Infrastructure5.1%-0.7pp$1.21B
Consumer Electronics5.0%+0.4pp$1.21B
Specialty Retail3.8%+0.1pp$901M
Drug Manufacturers - General3.5%-0.3pp$846M
Banks - Diversified2.8%+0.6pp$678M
Software - Application2.6%-0.6pp$612M
Aerospace & Defense2.1%+0.3pp$494M
Country
US93.2%-0.3pp
IE1.4%-0.0pp
Unknown1.2%+0.1pp
CA0.8%+0.4pp
GB0.8%+0.0pp
SG0.5%+0.2pp
PE0.4%+0.2pp
UY0.4%+0.0pp
Top 5: 18.8% · Top 10: 27.9% · Top 25: 39.8%
Top buys this quarter · 15
| 0HQN.L Cboe Global Markets, Inc. | +$52M |
| LECO Lincoln Electric Holdings, Inc | +$50M |
| PSX Phillips 66 | +$49M |
| VRT Vertiv Holdings Co | +$45M |
| BLK BlackRock, Inc.new | +$42M |
| CFG Citizens Financial Group, Inc. | +$36M |
| AMAT Applied Materials, Inc. | +$36M |
| NOW ServiceNow, Inc. | +$34M |
| EQR Equity Residential | +$33M |
| EQIX Equinix, Inc. | +$32M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $24.00B | 1476 | +17.82% | +17.59% | +0.23% | -3.95B |
| 2025-12-31 | $28.91B | 1617 | +17.42% | +17.72% | -0.30% | +3.44B |
| 2025-09-30 | $24.87B | 2018 | +16.48% | +17.52% | -1.03% | -0.68B |
| 2025-06-30 | $23.81B | 2050 | +16.52% | +14.94% | +1.57% | -2.76B |
| 2025-03-31 | $23.96B | 2073 | +5.77% | +8.30% | -2.53% | -2.75B |
| 2024-12-31 | $27.73B | 1536 | +18.63% | +24.89% | -6.26% | +6.37B |
| 2024-09-30 | $21.01B | 1479 | +30.93% | +36.04% | -5.10% | +2.17B |
| 2024-06-30 | $17.56B | 1551 | +17.73% | +24.49% | -6.76% | +1.79B |
| 2024-03-31 | $15.66B | 1653 | +24.83% | +29.62% | -4.80% | -0.16B |
| 2023-12-31 | $14.64B | 1765 | +22.68% | +26.18% | -3.50% | -2.27B |
| 2023-09-30 | $15.08B | 1899 | +17.35% | +21.57% | -4.21% | +0.61B |
| 2023-06-30 | $14.99B | 2141 | +15.22% | +19.42% | -4.21% | -0.87B |
| 2023-03-31 | $14.85B | 2082 | -7.45% | -7.82% | +0.37% | +0.33B |
| 2022-12-31 | $13.68B | 2067 | +7.29% | +7.56% | -0.27% | -1.09B |
| 2022-09-30 | $13.77B | 2185 | -5.25% | -4.93% | -0.32% | -0.32B |
| 2022-06-30 | $14.87B | 1963 | -14.26% | -16.11% | +1.85% | -1.88B |