Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.10%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.57%
steady accumulation
Rally response
-5.22%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| WSMWilliams-Sonoma, Inc. | $2.03B | 4.3% | +17.1% | 10.8 yr |
| PHParker-Hannifin Corporat | $1.90B | 4.0% | +48.6% | 7.8 yr |
| CTVACorteva, Inc. | $1.58B | 3.3% | +34.3% | 7.0 yr |
| GOOGAlphabet Inc. | $1.47B | 3.1% | +84.3% | 2.0 yr |
| MSFTMicrosoft Corporation | $1.25B | 2.6% | -0.6% | 10.8 yr |
| COFCapital One Financial Co | $1.23B | 2.6% | +3.1% | 8.8 yr |
| MLMMartin Marietta Material | $1.15B | 2.4% | +23.8% | 10.8 yr |
| AMGNAmgen Inc. | $1.08B | 2.3% | +16.5% | 10.3 yr |
| TOTB.DETotalEnergies SE | $1.03B | 2.2% | +41.2% | 4.0 yr |
| ECLEcolab Inc. | $987M | 2.1% | +6.0% | 7.8 yr |
| MSIMotorola Solutions, Inc. | $983M | 2.1% | +0.2% | 0.3 yr |
| AMPAmeriprise Financial, In | $983M | 2.1% | -7.0% | 10.0 yr |
| USBU.S. Bancorp | $975M | 2.0% | +27.1% | 10.8 yr |
| TDYTeledyne Technologies In | $967M | 2.0% | +21.6% | 2.8 yr |
| VZVerizon Communications I | $953M | 2.0% | +16.5% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Banks - Diversified6.4%+2.3pp$3.06B
Industrial - Machinery5.9%-1.4pp$2.80B
Chemicals - Specialty5.6%-0.9pp$2.65B
Drug Manufacturers - General4.7%+0.2pp$2.23B
Specialty Retail4.4%+1.3pp$2.08B
Software - Infrastructure4.2%+1.0pp$1.98B
Oil & Gas Integrated4.1%+2.0pp$1.97B
Unknown4.0%+1.4pp$1.93B
Asset Management4.0%-1.6pp$1.90B
Banks - Regional4.0%-0.8pp$1.89B
Country
US79.3%-0.3pp
JP4.7%-0.6pp
Unknown4.0%+1.4pp
FR2.9%+0.3pp
IE1.9%-0.4pp
CH1.7%-0.9pp
GB1.0%-0.3pp
CA0.9%+0.0pp
Top 5: 17.2% · Top 10: 28.7% · Top 25: 57.2%
Top buys this quarter · 15
| MSI Motorola Solutions, Inc.new | +$983M |
| CVX Chevron Corporation | +$812M |
| MKC McCormick & Company, Incorpora | +$446M |
| WSM Williams-Sonoma, Inc. | +$366M |
| CCJ Cameco Corporation | +$129M |
| SUNB Sunbelt Rentals Holdings Incnew | +$78M |
| ALL.AX Aristocrat Leisure Limited | +$25M |
| APD Air Products and Chemicals, In | +$4M |
| DEO Diageo plc | +$38M |
| FITB Fifth Third Bancorpnew | +$0M |
Top sells this quarter · 15
| CTRA Coterra Energy Inc. | −$905M |
| PH Parker-Hannifin Corporation | −$531M |
| RTO.L Rentokil Initial plc | −$294M |
| ATO Atmos Energy Corporation | −$278M |
| BN Brookfield Corporation | −$135M |
| TOTB.DE TotalEnergies SE | −$841M |
| STZ Constellation Brands, Inc.exit | −$125M |
| CTVA Corteva, Inc. | −$1.35B |
| AMGN Amgen Inc. | −$1.08B |
| GOOG Alphabet Inc. | −$67M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $47.77B | 190 | +8.83% | +17.59% | -8.76% | -0.88B |
| 2025-12-31 | $49.96B | 192 | +11.15% | +17.72% | -6.57% | -2.59B |
| 2025-09-30 | $51.75B | 193 | +5.64% | +17.52% | -11.88% | -2.51B |
| 2025-06-30 | $51.92B | 184 | +5.61% | +14.94% | -9.33% | -0.95B |
| 2025-03-31 | $50.20B | 183 | -0.60% | +8.30% | -8.90% | -1.42B |
| 2024-12-31 | $51.91B | 185 | +8.46% | +24.89% | -16.42% | -1.10B |
| 2024-09-30 | $54.93B | 185 | +22.33% | +36.04% | -13.71% | +0.91B |
| 2024-06-30 | $51.70B | 181 | +13.30% | +24.49% | -11.19% | -1.71B |
| 2024-03-31 | $53.89B | 176 | +21.23% | +29.62% | -8.40% | -1.55B |
| 2023-12-31 | $51.08B | 175 | +15.69% | +26.18% | -10.49% | +0.44B |
| 2023-09-30 | $46.53B | 172 | +16.92% | +21.57% | -4.65% | -1.15B |
| 2023-06-30 | $49.27B | 174 | +16.06% | +19.42% | -3.37% | -1.37B |
| 2023-03-31 | $47.75B | 174 | -4.40% | -7.82% | +3.42% | -1.05B |
| 2022-12-31 | $47.12B | 179 | -11.95% | -18.17% | +6.23% | -1.49B |
| 2022-09-30 | $44.20B | 175 | -11.10% | -15.51% | +4.41% | -1.42B |
| 2022-06-30 | $47.48B | 175 | -6.92% | -10.62% | +3.70% | -0.50B |