Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.96%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.56%
baseline attrition
Rally response
+1.12%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PEPPepsiCo, Inc. | $345M | 5.6% | +7.7% | 10.5 yr |
| NVDANVIDIA Corporation | $258M | 4.2% | +60.9% | 6.8 yr |
| AAPLApple Inc. | $223M | 3.6% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $185M | 3.0% | -0.6% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $167M | 2.7% | +21.8% | 10.5 yr |
| AMZNAmazon.com, Inc. | $160M | 2.6% | +9.5% | 10.5 yr |
| GOOGAlphabet Inc. | $159M | 2.6% | +84.3% | 10.5 yr |
| WMBThe Williams Companies, | $146M | 2.4% | +25.8% | 10.5 yr |
| XOMExxon Mobil Corporation | $134M | 2.2% | +47.6% | 10.5 yr |
| CVXChevron Corporation | $134M | 2.2% | +29.2% | 10.3 yr |
| AMATApplied Materials, Inc. | $129M | 2.1% | +137.6% | 7.3 yr |
| IBDUiShares iBonds Dec 2029 | $118M | 1.9% | — | 3.3 yr |
| ACWIiShares MSCI ACWI ETF | $110M | 1.8% | — | 2.0 yr |
| VZVerizon Communications I | $101M | 1.6% | +16.5% | 10.5 yr |
| SOThe Southern Company | $100M | 1.6% | +8.4% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management11.9%+1.5pp$732M
Semiconductors7.4%+2.6pp$459M
Asset Management - Bonds7.1%-2.4pp$441M
Beverages - Non-Alcoholic6.7%+0.4pp$415M
Oil & Gas Integrated4.4%+0.7pp$269M
Software - Infrastructure4.1%-0.8pp$252M
Oil & Gas Midstream3.8%-0.1pp$235M
Specialty Retail3.7%-0.3pp$231M
Consumer Electronics3.6%+0.4pp$223M
Internet Content & Information3.5%+0.6pp$214M
Country
US93.1%+1.0pp
CA2.8%+0.5pp
IE1.5%-1.3pp
GB0.8%-0.5pp
UY0.7%+0.1pp
Unknown0.6%+0.6pp
SG0.4%-0.3pp
NL0.0%+0.0pp
Top 5: 19.1% · Top 10: 31.0% · Top 25: 52.9%
Top buys this quarter · 15
| VZ Verizon Communications Inc. | +$25M |
| O Realty Income Corporation | +$9M |
| BX Blackstone Inc. | +$9M |
| ENB Enbridge Inc. | +$9M |
| TSLA Tesla, Inc. | +$9M |
| MELI MercadoLibre, Inc. | +$9M |
| ACN Accenture plc | +$36M |
| NVDA NVIDIA Corporation | +$6M |
| TXN Texas Instruments Incorporated | +$6M |
| PRU Prudential Financial, Inc. | +$45M |
Top sells this quarter · 15
| DOW Dow Inc. | −$41M |
| GLW Corning Incorporated | −$27M |
| ETN Eaton Corporation plc | −$27M |
| AVGO Broadcom Inc. | −$23M |
| FCX Freeport-McMoRan Inc. | −$22M |
| AMAT Applied Materials, Inc. | −$108M |
| SNOW Snowflake Inc.exit | −$20M |
| WMB The Williams Companies, Inc. | −$136M |
| SCCO Southern Copper Corporation | −$17M |
| SPY State Street SPDR S&P 500 ETF | −$17M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $6.17B | 354 | +19.11% | +17.59% | +1.52% | -0.01B |
| 2025-12-31 | $6.16B | 337 | +16.34% | +17.72% | -1.38% | +0.10B |
| 2025-09-30 | $5.93B | 334 | +13.90% | +17.52% | -3.62% | +0.04B |
| 2025-06-30 | $5.52B | 317 | +12.87% | +14.94% | -2.07% | +0.10B |
| 2025-03-31 | $4.97B | 305 | +5.74% | +8.30% | -2.56% | +0.10B |
| 2024-12-31 | $4.97B | 299 | +17.78% | +24.89% | -7.11% | +0.03B |
| 2024-09-30 | $4.93B | 290 | +28.37% | +36.04% | -7.66% | -0.12B |
| 2024-06-30 | $4.79B | 305 | +18.42% | +24.49% | -6.08% | +0.09B |
| 2024-03-31 | $4.60B | 301 | +22.40% | +29.62% | -7.22% | -0.21B |
| 2023-12-31 | $4.41B | 285 | +15.98% | +26.18% | -10.20% | +0.31B |
| 2023-09-30 | $3.76B | 259 | +17.13% | +21.57% | -4.43% | +0.08B |
| 2023-06-30 | $3.78B | 268 | +15.23% | +19.42% | -4.19% | +0.02B |
| 2023-03-31 | $3.56B | 250 | -2.60% | -7.82% | +5.21% | +0.06B |
| 2022-12-31 | $3.39B | 247 | -10.18% | -18.17% | +7.99% | -0.04B |
| 2022-09-30 | $3.11B | 236 | -9.39% | -15.51% | +6.11% | +0.03B |
| 2022-06-30 | $3.21B | 239 | -5.00% | -10.62% | +5.62% | +0.08B |