Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.70%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.84%
baseline attrition
Rally response
-5.64%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ABBVAbbVie Inc. | $193M | 3.3% | +7.3% | 10.5 yr |
| MSFTMicrosoft Corporation | $168M | 2.9% | -0.6% | 10.5 yr |
| JCIJohnson Controls Interna | $160M | 2.7% | +65.7% | 9.5 yr |
| AZNAstraZeneca PLC | $147M | 2.5% | +36.2% | 0.3 yr |
| AEPAmerican Electric Power | $133M | 2.3% | +24.0% | 10.5 yr |
| WECWEC Energy Group, Inc. | $126M | 2.2% | +9.8% | 6.3 yr |
| PMPhilip Morris Internatio | $126M | 2.1% | +7.9% | 10.5 yr |
| PNCThe PNC Financial Servic | $124M | 2.1% | +22.7% | 4.5 yr |
| KOThe Coca-Cola Company | $124M | 2.1% | +9.3% | 10.5 yr |
| RTXRTX Corporation | $123M | 2.1% | +48.1% | 4.0 yr |
| MDTMedtronic plc | $118M | 2.0% | -1.3% | 10.5 yr |
| TELTE Connectivity Ltd. | $117M | 2.0% | +50.0% | 1.8 yr |
| UPSUnited Parcel Service, I | $112M | 1.9% | -4.4% | 10.5 yr |
| VVisa Inc. | $106M | 1.8% | -13.1% | 9.5 yr |
| JNJJohnson & Johnson | $102M | 1.7% | +51.5% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Drug Manufacturers - General9.6%+2.8pp$564M
Regulated Electric6.6%+0.1pp$389M
Industrial - Machinery5.0%+2.2pp$292M
Software - Infrastructure4.4%-0.7pp$259M
Banks - Regional4.4%+1.7pp$257M
Financial - Credit Services3.6%+1.9pp$213M
Hardware, Equipment & Parts3.4%+1.1pp$200M
Aerospace & Defense2.9%+2.2pp$167M
Tobacco2.8%-0.0pp$166M
Software - Application2.8%-1.2pp$162M
Country
US83.7%+7.3pp
IE8.5%+0.4pp
GB5.8%+3.6pp
DE1.1%-0.7pp
BM0.3%-0.0pp
NL0.2%
Unknown0.2%-9.6pp
CA0.1%-1.2pp
Top 5: 13.7% · Top 10: 24.3% · Top 25: 49.5%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$147M |
| PAYX Paychex, Inc. | +$47M |
| XYL Xylem Inc. | +$33M |
| HBAN Huntington Bancshares Incorpor | +$21M |
| DELL Dell Technologies Inc.new | +$20M |
| DOX Amdocs Limited | +$14M |
| UPS United Parcel Service, Inc. | +$13M |
| MKC McCormick & Company, Incorpora | +$12M |
| MDLZ Mondelez International, Inc. | +$11M |
| NXPI NXP Semiconductors N.V.new | +$11M |
Top sells this quarter · 15
| CNQ Canadian Natural Resources Lim | −$112M |
| GPC Genuine Parts Company | −$44M |
| PLD Prologis, Inc. | −$18M |
| KO The Coca-Cola Company | −$14M |
| DEO Diageo plc | −$14M |
| JCI Johnson Controls International | −$158M |
| ORCL Oracle Corporation | −$12M |
| PRGO Perrigo Company plc | −$12M |
| MAN ManpowerGroup Inc. | −$10M |
| RTX RTX Corporation | −$9M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $5.85B | 300 | +8.97% | +17.59% | -8.62% | -0.08B |
| 2025-12-31 | $6.01B | 301 | +12.99% | +17.72% | -4.73% | -0.04B |
| 2025-09-30 | $6.03B | 299 | +10.06% | +17.52% | -7.46% | +0.07B |
| 2025-06-30 | $5.73B | 291 | +17.14% | +14.94% | +2.20% | -0.23B |
| 2025-03-31 | $5.64B | 287 | +9.26% | +8.30% | +0.96% | -0.06B |
| 2024-12-31 | $5.56B | 281 | +14.81% | +24.89% | -10.08% | -0.16B |
| 2024-09-30 | $5.86B | 277 | +30.02% | +36.04% | -6.02% | +0.04B |
| 2024-06-30 | $5.25B | 270 | +10.93% | +24.49% | -13.56% | -0.04B |
| 2024-03-31 | $5.37B | 271 | +16.70% | +29.62% | -12.92% | -0.00B |
| 2023-12-31 | $4.99B | 267 | +9.37% | +26.18% | -16.81% | -0.11B |
| 2023-09-30 | $4.61B | 273 | +11.37% | +21.57% | -10.20% | -0.04B |
| 2023-06-30 | $4.92B | 271 | +11.25% | +19.42% | -8.17% | +0.06B |
| 2023-03-31 | $4.69B | 269 | -2.82% | -7.82% | +5.00% | -0.00B |
| 2022-12-31 | $4.65B | 273 | +12.63% | +7.56% | +5.07% | -0.12B |
| 2022-09-30 | $4.23B | 268 | -5.53% | -4.93% | -0.60% | -0.04B |
| 2022-06-30 | $4.52B | 273 | -9.44% | -16.11% | +6.67% | -0.15B |