Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.89%
adds when stocks drop
when a holding falls −10%+
Middle response
-5.91%
baseline attrition
Rally response
-10.59%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| DALDelta Air Lines, Inc. | $59M | 2.8% | +54.5% | 4.5 yr |
| — | $59M | 2.7% | — | 0.8 yr |
| UNPUnion Pacific Corporatio | $59M | 2.7% | +5.1% | 6.3 yr |
| SLBSLB N.V. | $58M | 2.7% | +26.7% | 4.0 yr |
| UBERUber Technologies, Inc. | $57M | 2.7% | -1.3% | 5.8 yr |
| BMYBristol-Myers Squibb Com | $57M | 2.7% | +3.4% | 6.8 yr |
| HONHoneywell International | $57M | 2.7% | +9.0% | 0.8 yr |
| LHLabcorp Holdings Inc. | $55M | 2.5% | +15.9% | 2.0 yr |
| ANTMElevance Health Inc. | $54M | 2.5% | — | 1.5 yr |
| GOOGLAlphabet Inc. | $53M | 2.5% | — | 10.5 yr |
| TXNTexas Instruments Incorp | $53M | 2.5% | +11.4% | 3.0 yr |
| CMECME Group Inc. | $51M | 2.3% | +15.6% | 3.0 yr |
| AMATApplied Materials, Inc. | $51M | 2.3% | +137.6% | 7.0 yr |
| MDTMedtronic plc | $50M | 2.3% | -1.3% | 8.5 yr |
| PNCThe PNC Financial Servic | $49M | 2.3% | +22.7% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors8.8%+4.3pp$189M
Banks - Diversified5.2%-0.5pp$113M
Unknown5.0%+4.5pp$108M
Financial - Credit Services4.8%+1.9pp$103M
Medical - Healthcare Plans4.0%-1.2pp$86M
Software - Application4.0%-0.2pp$86M
Drug Manufacturers - General3.9%+1.2pp$84M
Beverages - Wineries & Distilleries3.6%+0.0pp$77M
Airlines, Airports & Air Services3.5%+0.9pp$76M
Asset Management3.5%+0.0pp$76M
Country
US80.3%-0.7pp
Unknown5.0%+4.5pp
GB3.6%-0.7pp
IE3.4%-1.4pp
CH2.6%-0.1pp
NL2.1%+1.0pp
SG0.6%
JP0.6%-0.5pp
Top 5: 13.6% · Top 10: 26.4% · Top 25: 58.2%
Top buys this quarter · 15
| ON ON Semiconductor Corporation | +$28M |
| AZN AstraZeneca PLCnew | +$26M |
| SUNB Sunbelt Rentals Holdings Incnew | +$17M |
| AXP American Express Company | +$17M |
| NVO Novo Nordisk A/Snew | +$12M |
| MA Mastercard Incorporated | +$11M |
| UBER Uber Technologies, Inc. | +$8M |
| DAL Delta Air Lines, Inc. | +$7M |
| SYY Sysco Corporation | +$5M |
| DEO Diageo plc | +$37M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.16B | 144 | +14.95% | +17.59% | -2.65% | -0.11B |
| 2025-12-31 | $2.24B | 145 | +12.80% | +17.72% | -4.92% | -0.06B |
| 2025-09-30 | $2.20B | 139 | +7.58% | +17.52% | -9.94% | -0.27B |
| 2025-06-30 | $2.38B | 147 | +13.02% | +14.94% | -1.92% | -0.09B |
| 2025-03-31 | $2.36B | 153 | +5.65% | +8.30% | -2.65% | -0.15B |
| 2024-12-31 | $2.52B | 153 | +15.82% | +24.89% | -9.07% | -0.07B |
| 2024-09-30 | $2.60B | 146 | +26.63% | +36.04% | -9.40% | -0.18B |
| 2024-06-30 | $2.55B | 144 | +13.84% | +24.49% | -10.65% | -0.07B |
| 2024-03-31 | $2.68B | 143 | +22.69% | +29.62% | -6.93% | -0.09B |
| 2023-12-31 | $2.54B | 150 | +15.45% | +26.18% | -10.73% | -0.02B |
| 2023-09-30 | $2.35B | 147 | +19.25% | +21.57% | -2.31% | +0.03B |
| 2023-06-30 | $2.37B | 142 | +15.60% | +19.42% | -3.82% | -0.08B |
| 2023-03-31 | $2.32B | 139 | -2.94% | -7.82% | +4.88% | +0.07B |
| 2022-12-31 | $2.19B | 140 | +12.49% | +7.56% | +4.93% | -0.04B |
| 2022-09-30 | $1.98B | 142 | -5.07% | -4.93% | -0.14% | -0.15B |
| 2022-06-30 | $2.24B | 144 | -11.60% | -16.11% | +4.51% | -0.10B |