Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+8.43%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.90%
baseline attrition
Rally response
-16.74%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TEVATeva Pharmaceutical Indu | $117M | 3.9% | +96.0% | 2.8 yr |
| REGNRegeneron Pharmaceutical | $117M | 3.9% | +22.5% | 0.8 yr |
| MRVLMarvell Technology, Inc. | $114M | 3.8% | +61.3% | 0.8 yr |
| BACBank of America Corporat | $101M | 3.4% | +19.4% | 8.3 yr |
| BRK-BBerkshire Hathaway Inc. | $96M | 3.2% | — | 10.3 yr |
| ZBHZimmer Biomet Holdings, | $95M | 3.2% | -19.5% | 1.5 yr |
| DISThe Walt Disney Company | $94M | 3.1% | -1.3% | 2.0 yr |
| CCitigroup Inc. | $88M | 2.9% | +63.9% | 7.0 yr |
| GEHCGE HealthCare Technologi | $85M | 2.8% | -11.7% | 3.3 yr |
| CSXCSX Corporation | $82M | 2.8% | +41.6% | 1.5 yr |
| NXPINXP Semiconductors N.V. | $81M | 2.7% | +5.0% | 6.8 yr |
| PFEPfizer Inc. | $81M | 2.7% | +18.8% | 8.8 yr |
| PEGPublic Service Enterpris | $80M | 2.7% | +1.5% | 2.0 yr |
| AMZNAmazon.com, Inc. | $79M | 2.6% | +9.5% | 0.3 yr |
| EQTEQT Corporation | $79M | 2.6% | +20.5% | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Banks - Diversified8.7%+2.2pp$260M
Semiconductors8.4%+6.3pp$249M
Biotechnology6.3%+3.2pp$189M
Medical - Devices5.6%+2.4pp$167M
Oil & Gas Exploration & Production5.1%-2.1pp$153M
Drug Manufacturers - Specialty & Generic3.9%-2.2pp$117M
Insurance - Diversified3.2%+0.6pp$96M
Entertainment3.1%-0.1pp$94M
Medical - Healthcare Information Services2.8%+0.6pp$85M
Railroads2.8%-0.5pp$82M
Country
US79.5%-2.8pp
IL6.4%+1.3pp
IE4.7%+1.5pp
NL2.7%+0.7pp
GB2.6%-0.1pp
SG2.0%+0.0pp
Unknown2.0%-0.6pp
Top 5: 18.2% · Top 10: 33.1% · Top 25: 71.4%
Top buys this quarter · 15
| AMZN Amazon.com, Inc.new | +$79M |
| UPS United Parcel Service, Inc.new | +$72M |
| MDT Medtronic plcnew | +$72M |
| ICLR ICON Public Limited Companynew | +$69M |
| OC Owens Corningnew | +$64M |
| OMC Omnicom Group Inc.new | +$63M |
| BAC Bank of America Corporation | +$24M |
| NXPI NXP Semiconductors N.V. | +$22M |
| ZBH Zimmer Biomet Holdings, Inc. | +$18M |
| KD Kyndryl Holdings, Inc. | +$54M |
Top sells this quarter · 15
| AES The AES Corporationexit | −$97M |
| AMAT Applied Materials, Inc.exit | −$96M |
| HII Huntington Ingalls Industries,exit | −$78M |
| CRM Salesforce, Inc.exit | −$70M |
| COF Capital One Financial Corporatexit | −$67M |
| WTW Willis Towers Watson Public Liexit | −$66M |
| FIS Fidelity National Information exit | −$65M |
| KMI Kinder Morgan, Inc. | −$50M |
| B Barrick Mining Corporationexit | −$47M |
| CTRA Coterra Energy Inc. | −$40M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.98B | 40 | +19.02% | +17.59% | +1.43% | -0.06B |
| 2025-12-31 | $3.14B | 37 | +18.03% | +17.72% | +0.31% | -0.16B |
| 2025-09-30 | $3.03B | 38 | +10.14% | +17.52% | -7.38% | -0.13B |
| 2025-06-30 | $2.93B | 36 | +10.62% | +14.94% | -4.32% | -0.05B |
| 2025-03-31 | $2.85B | 37 | +2.59% | +8.30% | -5.72% | -0.06B |
| 2024-12-31 | $3.03B | 40 | +24.88% | +24.89% | -0.00% | -0.10B |
| 2024-09-30 | $3.07B | 40 | +38.16% | +36.04% | +2.13% | -0.17B |
| 2024-06-30 | $3.00B | 39 | +25.49% | +24.49% | +1.00% | -0.10B |
| 2024-03-31 | $3.20B | 38 | +37.34% | +29.62% | +7.72% | -0.18B |
| 2023-12-31 | $2.88B | 36 | +23.32% | +26.18% | -2.86% | -0.06B |
| 2023-09-30 | $2.61B | 38 | +28.81% | +21.57% | +7.25% | -0.05B |
| 2023-06-30 | $2.71B | 37 | +22.49% | +19.42% | +3.07% | -0.10B |
| 2023-03-31 | $2.66B | 35 | +1.06% | -7.82% | +8.87% | -0.14B |
| 2022-12-31 | $2.66B | 35 | +17.76% | +7.56% | +10.20% | -0.25B |
| 2022-09-30 | $2.47B | 35 | -6.67% | -4.93% | -1.74% | -0.08B |
| 2022-06-30 | $2.73B | 36 | -12.52% | -16.11% | +3.59% | -0.28B |