Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-6.20%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.52%
baseline attrition
Rally response
-0.16%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $1.03B | 7.7% | +60.9% | 10.5 yr |
| MSFTMicrosoft Corporation | $554M | 4.2% | -0.6% | 10.5 yr |
| AVGOBroadcom Inc. | $498M | 3.8% | +86.0% | 8.0 yr |
| AMZNAmazon.com, Inc. | $496M | 3.7% | +9.5% | 10.5 yr |
| GOOGAlphabet Inc. | $460M | 3.5% | +84.3% | 10.5 yr |
| ACLOTCW AAA CLO ETF | $441M | 3.3% | — | 1.5 yr |
| METAMeta Platforms, Inc. | $317M | 2.4% | -0.4% | 10.5 yr |
| GEGE Aerospace | $253M | 1.9% | +42.5% | 4.8 yr |
| ASMLASML Holding N.V. | $200M | 1.5% | +100.9% | 8.3 yr |
| SLNZTCW ETF Trust | $197M | 1.5% | — | 1.5 yr |
| ANETArista Networks, Inc. | $193M | 1.5% | +58.5% | 1.5 yr |
| VVisa Inc. | $189M | 1.4% | -13.1% | 10.5 yr |
| COSTCostco Wholesale Corpora | $177M | 1.3% | +5.9% | 10.5 yr |
| MAMastercard Incorporated | $167M | 1.3% | -8.5% | 10.5 yr |
| ETNEaton Corporation plc | $162M | 1.2% | +33.2% | 5.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors16.9%+5.0pp$2.24B
Asset Management8.0%+0.8pp$1.06B
Internet Content & Information7.8%+1.0pp$1.04B
Software - Infrastructure7.6%-1.0pp$1.01B
Specialty Retail4.7%-1.5pp$627M
Software - Application3.2%-4.2pp$430M
Industrial - Machinery2.9%+1.6pp$382M
Financial - Credit Services2.8%-1.3pp$371M
Drug Manufacturers - General2.5%-0.2pp$328M
Aerospace & Defense2.4%-0.4pp$324M
Country
US90.5%-2.1pp
IE2.6%+1.3pp
CA1.8%-0.6pp
NL1.5%+0.4pp
GB1.0%+0.6pp
LU0.9%+0.8pp
Unknown0.8%+0.4pp
TW0.5%+0.3pp
Top 5: 22.9% · Top 10: 33.5% · Top 25: 50.6%
Top buys this quarter · 15
| KLAC KLA Corporation | +$80M |
| CSCO Cisco Systems, Inc. | +$75M |
| PLTR Palantir Technologies Inc. | +$62M |
| AMAT Applied Materials, Inc. | +$52M |
| ANET Arista Networks, Inc. | +$41M |
| CHD Church & Dwight Co., Inc. | +$36M |
| MCK McKesson Corporation | +$33M |
| PANW Palo Alto Networks, Inc. | +$33M |
| TGT Target Corporation | +$33M |
| Q Qnity Electronics, Inc. | +$32M |
Top sells this quarter · 15
| ATI ATI Inc. | −$302M |
| LITE Lumentum Holdings Inc. | −$146M |
| CRM Salesforce, Inc. | −$104M |
| TYL Tyler Technologies, Inc. | −$69M |
| APO Apollo Global Management, Inc. | −$68M |
| NVDA NVIDIA Corporation | −$60M |
| MS Morgan Stanley | −$52M |
| NOW ServiceNow, Inc. | −$50M |
| META Meta Platforms, Inc. | −$47M |
| GEHC GE HealthCare Technologies Inc | −$44M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $13.25B | 626 | +24.23% | +17.59% | +6.64% | +0.01B |
| 2025-12-31 | $13.93B | 634 | +21.90% | +17.72% | +4.18% | +1.59B |
| 2025-09-30 | $11.92B | 236 | +22.67% | +17.52% | +5.16% | -1.82B |
| 2025-06-30 | $12.74B | 353 | +17.80% | +14.94% | +2.86% | -0.33B |
| 2025-03-31 | $11.17B | 358 | +3.25% | +8.30% | -5.06% | +0.06B |
| 2024-12-31 | $11.91B | 354 | +20.93% | +24.89% | -3.96% | -0.01B |
| 2024-09-30 | $11.44B | 348 | +33.80% | +36.04% | -2.24% | -0.15B |
| 2024-06-30 | $11.19B | 356 | +23.79% | +24.49% | -0.70% | +1.06B |
| 2024-03-31 | $9.88B | 350 | +31.00% | +29.62% | +1.37% | +0.07B |
| 2023-12-31 | $8.97B | 367 | +29.66% | +26.18% | +3.49% | -0.20B |
| 2023-09-30 | $7.96B | 290 | +19.29% | +21.57% | -2.28% | -0.68B |
| 2023-06-30 | $9.02B | 301 | +19.49% | +19.42% | +0.06% | +0.53B |
| 2023-03-31 | $7.82B | 294 | -10.15% | -7.82% | -2.33% | +0.26B |
| 2022-12-31 | $6.99B | 304 | -20.75% | -18.17% | -2.58% | -0.26B |
| 2022-09-30 | $6.83B | 294 | -17.02% | -15.51% | -1.51% | -0.49B |
| 2022-06-30 | $7.63B | 301 | -13.05% | -10.62% | -2.43% | -0.91B |