Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-23.03%
trims when stocks drop
when a holding falls −10%+
Middle response
-11.74%
baseline attrition
Rally response
-15.44%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $114M | 6.6% | +60.9% | 10.5 yr |
| AAPLApple Inc. | $113M | 6.5% | +14.7% | 10.3 yr |
| GOOGAlphabet Inc. | $97M | 5.6% | +84.3% | 10.0 yr |
| MSFTMicrosoft Corporation | $96M | 5.5% | -0.6% | 10.3 yr |
| MAMastercard Incorporated | $51M | 2.9% | -8.5% | 10.5 yr |
| JNKState Street SPDR Bloomb | $49M | 2.8% | — | 5.3 yr |
| BRK-BBerkshire Hathaway Inc. | $45M | 2.6% | — | 10.3 yr |
| METAMeta Platforms, Inc. | $42M | 2.4% | -0.4% | 10.5 yr |
| GDGeneral Dynamics Corpora | $40M | 2.3% | +27.8% | 9.0 yr |
| JNJJohnson & Johnson | $35M | 2.0% | +51.5% | 10.3 yr |
| TLTiShares 20+ Year Treasur | $33M | 1.9% | — | 5.8 yr |
| LLYEli Lilly and Company | $28M | 1.6% | +12.2% | 10.3 yr |
| AVGOBroadcom Inc. | $27M | 1.6% | +86.0% | 7.5 yr |
| AMGNAmgen Inc. | $23M | 1.3% | +16.5% | 10.3 yr |
| CVXChevron Corporation | $22M | 1.3% | +29.2% | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.4%+6.8pp$234M
Internet Content & Information8.2%+2.0pp$143M
Drug Manufacturers - General8.0%+3.0pp$140M
Consumer Electronics6.5%+0.8pp$113M
Software - Infrastructure6.1%-2.4pp$107M
Asset Management - Bonds5.8%+1.2pp$102M
Aerospace & Defense4.5%+3.9pp$78M
Financial - Credit Services4.0%+0.3pp$69M
Asset Management3.8%-2.5pp$66M
Insurance - Diversified2.7%-5.9pp$46M
Country
US98.2%-0.5pp
IE0.9%+0.1pp
GB0.3%+0.3pp
CA0.2%+0.1pp
Unknown0.1%+0.0pp
CH0.1%+0.0pp
BM0.1%-0.0pp
KY0.0%+0.0pp
Top 5: 27.1% · Top 10: 39.2% · Top 25: 57.3%
Top buys this quarter · 15
| AAPL Apple Inc. | +$23M |
| CVX Chevron Corporation | +$22M |
| MA Mastercard Incorporated | +$19M |
| XOM Exxon Mobil Corporation | +$18M |
| JKHY Jack Henry & Associates, Inc. | +$12M |
| CAT Caterpillar Inc. | +$12M |
| ALL The Allstate Corporation | +$12M |
| MSI Motorola Solutions, Inc. | +$11M |
| AMP Ameriprise Financial, Inc. | +$11M |
| ADI Analog Devices, Inc. | +$9M |
Top sells this quarter · 15
| WTFC Wintrust Financial Corporation | −$20M |
| MPWR Monolithic Power Systems, Inc. | −$16M |
| CAH Cardinal Health, Inc. | −$16M |
| STT State Street Corporation | −$15M |
| BPOP Popular, Inc. | −$15M |
| HCA HCA Healthcare, Inc. | −$14M |
| AMZN Amazon.com, Inc. | −$13M |
| WMT Walmart Inc. | −$13M |
| BK The Bank of New York Mellon Co | −$12M |
| CBRE CBRE Group, Inc.exit | −$11M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.74B | 887 | +24.75% | +17.59% | +7.16% | -0.07B |
| 2025-12-31 | $1.85B | 891 | +18.18% | +17.72% | +0.46% | +0.03B |
| 2025-09-30 | $1.75B | 804 | +15.26% | +17.52% | -2.26% | -0.02B |
| 2025-06-30 | $1.63B | 844 | +10.16% | +14.94% | -4.78% | -0.04B |
| 2025-03-31 | $1.48B | 895 | -0.17% | +8.30% | -8.47% | +0.15B |
| 2024-12-31 | $1.44B | 897 | +20.33% | +24.89% | -4.55% | -0.07B |
| 2024-09-30 | $1.50B | 832 | +33.15% | +36.04% | -2.89% | +0.01B |
| 2024-06-30 | $1.43B | 847 | +25.33% | +24.49% | +0.84% | -0.19B |
| 2024-03-31 | $1.58B | 731 | +32.52% | +29.62% | +2.90% | +0.15B |
| 2023-12-31 | $1.28B | 455 | +26.27% | +26.18% | +0.10% | -0.14B |
| 2023-09-30 | $1.27B | 486 | +22.15% | +21.57% | +0.58% | -0.08B |
| 2023-06-30 | $1.38B | 501 | +20.20% | +19.42% | +0.77% | +0.02B |
| 2023-03-31 | $1.25B | 592 | -3.76% | -7.82% | +4.06% | +0.04B |
| 2022-12-31 | $1.14B | 783 | -13.77% | -18.17% | +4.40% | -0.74B |
| 2022-09-30 | $1.73B | 2110 | -11.60% | -15.51% | +3.91% | +0.13B |
| 2022-06-30 | $1.67B | 2139 | -7.85% | -10.62% | +2.78% | -0.10B |