Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.62%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.35%
baseline attrition
Rally response
+1.20%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGLAlphabet Inc. | $129M | 5.1% | — | 10.5 yr |
| GLDSPDR Gold Shares | $118M | 4.7% | — | 8.5 yr |
| INDBIndependent Bank Corp. | $111M | 4.4% | +23.2% | 10.5 yr |
| MSFTMicrosoft Corporation | $102M | 4.1% | -0.6% | 10.5 yr |
| AAPLApple Inc. | $84M | 3.4% | +14.7% | 10.5 yr |
| IVOVVanguard S&P Mid-Cap 400 | $83M | 3.3% | — | 7.5 yr |
| NOBLProShares - S&P 500 Divi | $77M | 3.1% | — | 6.3 yr |
| MRKMerck & Co., Inc. | $64M | 2.6% | +38.9% | 10.5 yr |
| MBBiShares MBS ETF | $57M | 2.3% | — | 8.3 yr |
| PEPPepsiCo, Inc. | $55M | 2.2% | +7.7% | 10.5 yr |
| XOMExxon Mobil Corporation | $50M | 2.0% | +47.6% | 10.5 yr |
| VVisa Inc. | $48M | 1.9% | -13.1% | 8.5 yr |
| TJXThe TJX Companies, Inc. | $46M | 1.8% | +32.7% | 10.0 yr |
| SPLBState Street SPDR Portfo | $43M | 1.7% | — | 2.8 yr |
| NVDANVIDIA Corporation | $42M | 1.7% | +60.9% | 6.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management23.0%+1.1pp$575M
Internet Content & Information6.6%+1.5pp$166M
Drug Manufacturers - General6.2%+1.0pp$155M
Software - Infrastructure4.8%+0.4pp$121M
Banks - Regional4.7%+2.6pp$117M
Financial - Credit Services3.4%-0.7pp$85M
Consumer Electronics3.4%+0.5pp$84M
Semiconductors3.2%+1.8pp$80M
Regulated Electric2.9%-0.2pp$73M
Beverages - Non-Alcoholic2.7%-0.3pp$66M
Country
US96.8%+1.1pp
IE0.9%-0.3pp
CA0.8%+0.7pp
CH0.6%-1.2pp
GB0.5%-0.6pp
Unknown0.3%+0.3pp
NL0.0%
Top 5: 21.8% · Top 10: 35.3% · Top 25: 57.8%
Top buys this quarter · 15
| SPGI S&P Global Inc. | +$17M |
| LULU Lululemon Athletica Inc.new | +$16M |
| INDB Independent Bank Corp. | +$16M |
| SCHW The Charles Schwab Corporation | +$8M |
| AMZN Amazon.com, Inc. | +$8M |
| MSFT Microsoft Corporation | +$102M |
| VEEV Veeva Systems Inc. | +$25M |
| ACN Accenture plc | +$20M |
| NKE NIKE, Inc. | +$23M |
| BLK BlackRock, Inc. | +$3M |
Top sells this quarter · 15
| CB Chubb Limited | −$27M |
| PANL Pangaea Logistics Solutions, L | −$27M |
| SBUX Starbucks Corporation | −$21M |
| MRK Merck & Co., Inc. | −$61M |
| TJX The TJX Companies, Inc. | −$4M |
| CTSH Cognizant Technology Solutionsexit | −$2M |
| XOM Exxon Mobil Corporation | −$37M |
| FCX Freeport-McMoRan Inc. | −$2M |
| PEP PepsiCo, Inc. | −$52M |
| CMG Chipotle Mexican Grill, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.50B | 307 | +5.47% | +17.59% | -12.12% | +0.01B |
| 2025-12-31 | $2.54B | 303 | +8.33% | +17.72% | -9.38% | +0.06B |
| 2025-09-30 | $2.44B | 301 | +3.51% | +17.52% | -14.01% | +0.31B |
| 2025-06-30 | $2.05B | 257 | +6.92% | +14.94% | -8.02% | +0.02B |
| 2025-03-31 | $1.99B | 274 | +4.66% | +8.30% | -3.64% | +0.01B |
| 2024-12-31 | $1.97B | 278 | +10.94% | +24.89% | -13.94% | -0.01B |
| 2024-09-30 | $2.03B | 282 | +26.87% | +36.04% | -9.17% | -0.00B |
| 2024-06-30 | $1.90B | 297 | +14.69% | +24.49% | -9.80% | -0.00B |
| 2024-03-31 | $1.90B | 292 | +20.67% | +29.62% | -8.95% | -0.05B |
| 2023-12-31 | $1.83B | 291 | +16.84% | +26.18% | -9.34% | -0.02B |
| 2023-09-30 | $1.66B | 283 | +18.04% | +21.57% | -3.53% | +0.04B |
| 2023-06-30 | $1.67B | 286 | +14.81% | +19.42% | -4.61% | -0.00B |
| 2023-03-31 | $1.59B | 293 | -0.31% | -7.82% | +7.51% | -0.03B |
| 2022-12-31 | $1.57B | 289 | -7.81% | -18.17% | +10.37% | +0.00B |
| 2022-09-30 | $1.40B | 276 | -8.75% | -15.51% | +6.76% | +0.04B |
| 2022-06-30 | $1.44B | 290 | -2.67% | -10.62% | +7.95% | +0.01B |