Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.57%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.59%
baseline attrition
Rally response
-11.68%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NFLXNetflix, Inc. | $1.34B | 8.7% | +3.1% | 9.8 yr |
| ASMLASML Holding N.V. | $1.25B | 8.0% | +100.9% | 4.3 yr |
| NVDANVIDIA Corporation | $1.22B | 7.9% | +60.9% | 9.8 yr |
| AVGOBroadcom Inc. | $1.08B | 6.9% | +86.0% | 1.0 yr |
| VVisa Inc. | $886M | 5.7% | -13.1% | 10.5 yr |
| SNPSSynopsys, Inc. | $876M | 5.7% | -7.5% | 2.3 yr |
| AXONAxon Enterprise, Inc. | $861M | 5.6% | -19.3% | 1.0 yr |
| MSCIMSCI Inc. | $756M | 4.9% | -3.4% | 2.8 yr |
| SHOPShopify Inc. | $720M | 4.6% | +24.2% | 1.3 yr |
| ISRGIntuitive Surgical, Inc. | $717M | 4.6% | -6.9% | 10.5 yr |
| TDGTransDigm Group Incorpor | $716M | 4.6% | -10.5% | 1.5 yr |
| LLYEli Lilly and Company | $638M | 4.1% | +12.2% | 3.3 yr |
| SPOTSpotify Technology S.A. | $621M | 4.0% | -11.8% | 1.3 yr |
| APHAmphenol Corporation | $582M | 3.8% | +93.6% | 0.5 yr |
| FICOFair Isaac Corporation | $574M | 3.7% | -42.1% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors22.9%+8.8pp$3.55B
Software - Application14.5%-2.0pp$2.24B
Aerospace & Defense10.2%+7.0pp$1.58B
Entertainment8.7%+1.4pp$1.35B
Medical - Devices7.8%+3.3pp$1.20B
Financial - Data & Stock Exchanges6.7%-2.5pp$1.04B
Financial - Credit Services5.7%-1.7pp$886M
Software - Infrastructure5.7%+0.9pp$877M
Drug Manufacturers - General4.3%-1.8pp$661M
Internet Content & Information4.1%+1.9pp$629M
Country
US83.3%-4.2pp
NL8.0%+1.3pp
CA4.6%+0.9pp
LU4.0%+1.9pp
TW0.0%+0.0pp
Unknown0.0%+0.0pp
IE0.0%+0.0pp
IT0.0%
Top 5: 37.3% · Top 10: 62.6% · Top 25: 99.0%
Top buys this quarter · 11
| AXON Axon Enterprise, Inc. | +$228M |
| APH Amphenol Corporation | +$187M |
| NFLX Netflix, Inc. | +$181M |
| NOW ServiceNow, Inc. | +$441M |
| SPOT Spotify Technology S.A. | +$108M |
| TDG TransDigm Group Incorporated | +$716M |
| RACE Ferrari N.V.new | +$0M |
| PRTA Prothena Corporation plc | +$0M |
| DIS The Walt Disney Company | +$0M |
| DVY iShares Select Dividend ETF | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $15.50B | 87 | +3.46% | +17.59% | -14.14% | -2.69B |
| 2025-12-31 | $21.00B | 89 | +10.62% | +17.72% | -7.10% | -8.82B |
| 2025-09-30 | $28.22B | 88 | +4.32% | +17.52% | -13.20% | -3.21B |
| 2025-06-30 | $31.45B | 83 | +4.06% | +14.94% | -10.88% | -1.04B |
| 2025-03-31 | $28.73B | 84 | -8.72% | +8.30% | -17.02% | -3.52B |
| 2024-12-31 | $34.83B | 83 | +6.05% | +24.89% | -18.84% | -2.11B |
| 2024-09-30 | $37.08B | 78 | +22.84% | +36.04% | -13.20% | +0.30B |
| 2024-06-30 | $36.89B | 80 | +17.28% | +24.49% | -7.21% | -0.06B |
| 2024-03-31 | $37.23B | 79 | +26.65% | +29.62% | -2.98% | -0.03B |
| 2023-12-31 | $34.64B | 79 | +30.77% | +26.18% | +4.59% | -0.68B |
| 2023-09-30 | $30.60B | 79 | +24.38% | +21.57% | +2.81% | -0.79B |
| 2023-06-30 | $32.97B | 82 | +16.81% | +19.42% | -2.62% | -0.49B |
| 2023-03-31 | $31.23B | 83 | -18.43% | -7.82% | -10.61% | -0.02B |
| 2022-12-31 | $28.13B | 83 | -29.94% | -18.17% | -11.77% | -3.37B |
| 2022-09-30 | $28.69B | 80 | -29.13% | -15.51% | -13.62% | -1.60B |
| 2022-06-30 | $33.89B | 77 | -20.26% | -10.62% | -9.64% | -3.43B |