Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.08%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.45%
baseline attrition
Rally response
+0.70%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $281M | 3.4% | +14.7% | 10.3 yr |
| MSFTMicrosoft Corporation | $280M | 3.4% | -0.6% | 10.5 yr |
| NVDANVIDIA Corporation | $211M | 2.6% | +60.9% | 10.5 yr |
| AMZNAmazon.com, Inc. | $163M | 2.0% | +9.5% | 10.3 yr |
| GOOGAlphabet Inc. | $129M | 1.6% | +84.3% | 10.5 yr |
| GOOGLAlphabet Inc. | $126M | 1.5% | — | 10.5 yr |
| JPMJPMorgan Chase & Co. | $113M | 1.4% | +21.8% | 10.5 yr |
| METAMeta Platforms, Inc. | $112M | 1.4% | -0.4% | 10.5 yr |
| BRK-BBerkshire Hathaway Inc. | $98M | 1.2% | — | 10.3 yr |
| AVGOBroadcom Inc. | $95M | 1.2% | +86.0% | 8.0 yr |
| COSTCostco Wholesale Corpora | $93M | 1.1% | +5.9% | 10.5 yr |
| SPYState Street SPDR S&P 50 | $78M | 1.0% | +17.6% | 10.5 yr |
| QQQInvesco QQQ Trust, Serie | $78M | 1.0% | — | 7.8 yr |
| IVViShares Core S&P 500 ETF | $68M | 0.8% | — | 10.5 yr |
| LLYEli Lilly and Company | $68M | 0.8% | +12.2% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management27.2%+2.2pp$2.23B
Semiconductors6.9%+1.7pp$562M
Software - Infrastructure5.0%-0.8pp$414M
Internet Content & Information4.5%+0.8pp$372M
Drug Manufacturers - General3.8%-0.1pp$314M
Consumer Electronics3.5%-0.4pp$285M
Specialty Retail2.7%-0.0pp$223M
Asset Management - Bonds2.6%+0.3pp$216M
Banks - Diversified2.4%-0.2pp$197M
Aerospace & Defense2.4%+0.8pp$195M
Country
US94.0%+0.2pp
CA1.5%+0.4pp
IE1.0%-0.3pp
GB0.9%-0.3pp
Unknown0.6%-0.0pp
TW0.5%+0.2pp
CH0.2%-0.1pp
NL0.2%+0.0pp
Top 5: 13.0% · Top 10: 19.6% · Top 25: 31.2%
Top buys this quarter · 15
| VET Vermilion Energy Inc. | +$28M |
| MSFT Microsoft Corporation | +$280M |
| AMZN Amazon.com, Inc. | +$16M |
| ASTS AST SpaceMobile, Inc. | +$9M |
| GLW Corning Incorporated | +$9M |
| INFQ Infleqtion, Inc.new | +$8M |
| META Meta Platforms, Inc. | +$112M |
| GOOG Alphabet Inc. | +$129M |
| VRSK Verisk Analytics, Inc. | +$6M |
| MCO Moody's Corporation | +$5M |
Top sells this quarter · 15
| AMAT Applied Materials, Inc. | −$19M |
| BA The Boeing Company | −$10M |
| PAAS Pan American Silver Corp. | −$9M |
| NOC Northrop Grumman Corporation | −$8M |
| IBM International Business Machine | −$8M |
| SAN Banco Santander, S.A. | −$8M |
| DUK Duke Energy Corporation | −$7M |
| XOM Exxon Mobil Corporation | −$37M |
| MPLX MPLX Lp | −$6M |
| PLTR Palantir Technologies Inc. | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $8.20B | 1678 | +22.38% | +17.59% | +4.79% | +1.20B |
| 2025-12-31 | $7.03B | 1519 | +17.76% | +17.72% | +0.04% | -1.28B |
| 2025-09-30 | $8.19B | 1642 | +18.21% | +17.52% | +0.70% | +0.02B |
| 2025-06-30 | $7.55B | 1600 | +16.36% | +14.94% | +1.42% | +0.14B |
| 2025-03-31 | $6.61B | 1562 | +5.43% | +8.30% | -2.87% | +0.20B |
| 2024-12-31 | $6.69B | 1546 | +19.46% | +24.89% | -5.42% | +0.02B |
| 2024-09-30 | $6.55B | 1502 | +30.30% | +36.04% | -5.74% | -0.15B |
| 2024-06-30 | $6.29B | 1426 | +16.81% | +24.49% | -7.68% | +0.18B |
| 2024-03-31 | $6.02B | 1432 | +22.31% | +29.62% | -7.31% | +0.13B |
| 2023-12-31 | $5.43B | 1378 | +19.64% | +26.18% | -6.54% | +0.06B |
| 2023-09-30 | $4.83B | 1370 | +14.22% | +21.57% | -7.35% | +0.07B |
| 2023-06-30 | $4.99B | 1406 | +14.44% | +19.42% | -4.98% | -0.01B |
| 2023-03-31 | $4.71B | 1373 | -9.09% | -7.82% | -1.27% | +0.06B |
| 2022-12-31 | $4.38B | 1342 | -18.30% | -18.17% | -0.13% | -0.14B |
| 2022-09-30 | $4.26B | 1353 | -14.47% | -15.51% | +1.03% | -0.17B |
| 2022-06-30 | $4.63B | 1397 | -10.04% | -10.62% | +0.58% | -0.04B |