Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.22%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.29%
baseline attrition
Rally response
+1.05%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $15.44B | 5.2% | +60.9% | 9.0 yr |
| AAPLApple Inc. | $14.32B | 4.9% | +14.7% | 10.5 yr |
| IEFiShares 7-10 Year Treasu | $14.03B | 4.8% | — | 9.5 yr |
| GOOGLAlphabet Inc. | $11.23B | 3.8% | — | 10.5 yr |
| MSFTMicrosoft Corporation | $9.60B | 3.3% | -0.6% | 10.5 yr |
| VCITVanguard Intermediate-Te | $7.38B | 2.5% | — | 10.5 yr |
| AMZNAmazon.com, Inc. | $7.12B | 2.4% | +9.5% | 10.5 yr |
| CATCaterpillar Inc. | $6.93B | 2.3% | +117.8% | 10.5 yr |
| TSMTaiwan Semiconductor Man | $6.29B | 2.1% | +105.6% | 10.5 yr |
| ASMLASML Holding N.V. | $6.08B | 2.1% | +100.9% | 10.5 yr |
| GSThe Goldman Sachs Group, | $5.78B | 2.0% | +58.1% | 10.5 yr |
| XOMExxon Mobil Corporation | $5.48B | 1.9% | +47.6% | 10.3 yr |
| WMTWalmart Inc. | $5.09B | 1.7% | +42.8% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $5.01B | 1.7% | +21.8% | 10.5 yr |
| AVGOBroadcom Inc. | $4.55B | 1.5% | +86.0% | 8.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors11.4%+3.4pp$33.49B
Banks - Diversified8.0%+0.9pp$23.71B
Drug Manufacturers - General7.5%+2.2pp$22.16B
Asset Management - Bonds7.4%+1.4pp$21.83B
Oil & Gas Integrated6.4%+0.9pp$18.86B
Internet Content & Information5.7%+1.0pp$16.81B
Consumer Electronics5.6%-0.4pp$16.61B
Financial - Capital Markets4.3%+0.7pp$12.81B
Software - Infrastructure3.8%-1.5pp$11.13B
Asset Management3.7%-2.1pp$11.03B
Country
US78.0%-2.8pp
GB5.4%+1.1pp
NL2.5%+0.8pp
TW2.2%+0.8pp
JP2.0%-0.1pp
CA1.7%+0.9pp
CH1.6%+0.6pp
DE1.1%-0.6pp
Top 5: 21.9% · Top 10: 33.4% · Top 25: 55.4%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$2.14B |
| ABBV AbbVie Inc. | +$1.84B |
| PFE Pfizer Inc. | +$1.49B |
| CSCO Cisco Systems, Inc. | +$1.09B |
| NVS Novartis AG | +$981M |
| NVDA NVIDIA Corporation | +$15.44B |
| AAPL Apple Inc. | +$14.32B |
| JPM JPMorgan Chase & Co. | +$5.01B |
| AVGO Broadcom Inc. | +$4.55B |
| MSFT Microsoft Corporation | +$9.60B |
Top sells this quarter · 15
| ABT Abbott Laboratories | −$1.10B |
| ADBE Adobe Inc. | −$933M |
| SYK Stryker Corporation | −$874M |
| SAN Banco Santander, S.A. | −$647M |
| BSX Boston Scientific Corporation | −$545M |
| LITE Lumentum Holdings Inc. | −$314M |
| TCOM Trip.com Group Limitedexit | −$121M |
| INFY Infosys Limited | −$121M |
| TOTB.DE TotalEnergies SE | −$1.26B |
| INTU Intuit Inc. | −$107M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $294.89B | 1015 | +23.72% | +17.59% | +6.13% | +6.26B |
| 2025-12-31 | $292.99B | 1016 | +19.77% | +17.72% | +2.05% | +4.44B |
| 2025-09-30 | $276.29B | 1014 | +16.18% | +17.52% | -1.34% | +4.10B |
| 2025-06-30 | $251.89B | 986 | +12.12% | +14.94% | -2.82% | -5.17B |
| 2025-03-31 | $231.00B | 999 | +3.41% | +8.30% | -4.89% | -8.67B |
| 2024-12-31 | $251.33B | 975 | +20.05% | +24.89% | -4.84% | +4.11B |
| 2024-09-30 | $244.02B | 918 | +35.93% | +36.04% | -0.11% | +4.33B |
| 2024-06-30 | $229.85B | 985 | +24.71% | +24.49% | +0.22% | +10.08B |
| 2024-03-31 | $214.11B | 963 | +31.59% | +29.62% | +1.96% | -11.08B |
| 2023-12-31 | $203.42B | 1169 | +31.51% | +26.18% | +5.34% | +2.83B |
| 2023-09-30 | $174.86B | 1166 | +25.00% | +21.57% | +3.44% | +1.80B |
| 2023-06-30 | $180.88B | 1168 | +22.50% | +19.42% | +3.08% | +2.47B |
| 2023-03-31 | $164.73B | 1148 | -6.96% | -7.82% | +0.86% | +1.06B |
| 2022-12-31 | $147.93B | 1024 | -19.79% | -18.17% | -1.61% | +2.47B |
| 2022-09-30 | $133.41B | 937 | -18.29% | -15.51% | -2.78% | +0.92B |
| 2022-06-30 | $141.30B | 927 | -12.36% | -10.62% | -1.74% | +1.88B |