Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.97%
trims when stocks drop
when a holding falls −10%+
Middle response
+4.21%
steady accumulation
Rally response
+0.27%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $10.91B | 6.5% | +60.9% | 10.5 yr |
| AAPLApple Inc. | $8.98B | 5.4% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $8.86B | 5.3% | -0.6% | 10.5 yr |
| GOOGLAlphabet Inc. | $5.20B | 3.1% | — | 10.5 yr |
| AMZNAmazon.com, Inc. | $4.89B | 2.9% | +9.5% | 10.5 yr |
| METAMeta Platforms, Inc. | $4.24B | 2.5% | -0.4% | 10.5 yr |
| AVGOBroadcom Inc. | $4.06B | 2.4% | +86.0% | 8.0 yr |
| GOOGAlphabet Inc. | $3.63B | 2.2% | +84.3% | 10.5 yr |
| TSLATesla, Inc. | $2.83B | 1.7% | +43.4% | 10.5 yr |
| JNJJohnson & Johnson | $2.14B | 1.3% | +51.5% | 10.5 yr |
| VVisa Inc. | $2.05B | 1.2% | -13.1% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $1.96B | 1.2% | +21.8% | 10.5 yr |
| MUMicron Technology, Inc. | $1.76B | 1.1% | +289.6% | 10.5 yr |
| LLYEli Lilly and Company | $1.71B | 1.0% | +12.2% | 10.5 yr |
| BRK-BBerkshire Hathaway Inc. | $1.57B | 0.9% | — | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors14.3%+4.1pp$23.88B
Internet Content & Information8.0%+1.7pp$13.34B
Software - Infrastructure7.1%-0.8pp$11.88B
Consumer Electronics5.4%-0.7pp$8.98B
Specialty Retail4.5%-0.6pp$7.59B
Drug Manufacturers - General4.5%+0.1pp$7.57B
Asset Management3.5%-0.1pp$5.90B
Banks - Diversified2.6%-0.1pp$4.41B
Financial - Credit Services2.5%-0.4pp$4.12B
Software - Application2.0%-1.0pp$3.33B
Country
US94.0%+0.4pp
IE1.4%+0.7pp
CN0.9%-0.2pp
TW0.8%+0.5pp
GB0.5%+0.3pp
Unknown0.5%-0.6pp
IL0.2%+0.2pp
SG0.2%+0.0pp
Top 5: 23.2% · Top 10: 33.3% · Top 25: 45.8%
Top buys this quarter · 15
| TSM Taiwan Semiconductor Manufactu | +$768M |
| MSFT Microsoft Corporation | +$8.86B |
| MU Micron Technology, Inc. | +$522M |
| UNH UnitedHealth Group Incorporate | +$488M |
| LIN Linde plc | +$337M |
| WIX Wix.com Ltd. | +$315M |
| AVGO Broadcom Inc. | +$4.06B |
| ACN Accenture plc | +$270M |
| SNDK Sandisk Corporation | +$261M |
| JCI Johnson Controls International | +$225M |
Top sells this quarter · 15
| AMZN Amazon.com, Inc. | −$708M |
| NVDA NVIDIA Corporation | −$413M |
| AAPL Apple Inc. | −$397M |
| WMT Walmart Inc. | −$291M |
| MFC Manulife Financial Corporation | −$277M |
| JPM JPMorgan Chase & Co. | −$260M |
| CSCO Cisco Systems, Inc. | −$203M |
| ORCL Oracle Corporation | −$198M |
| V Visa Inc. | −$188M |
| BNS The Bank of Nova Scotia | −$130M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $167.40B | 2375 | +18.23% | +17.59% | +0.64% | +0.36B |
| 2025-12-31 | $175.55B | 2305 | +18.47% | +17.72% | +0.75% | +2.93B |
| 2025-09-30 | $169.02B | 2188 | +18.45% | +17.52% | +0.93% | +0.52B |
| 2025-06-30 | $154.94B | 2517 | +15.33% | +14.94% | +0.39% | -12.75B |
| 2025-03-31 | $149.89B | 2539 | +5.40% | +8.30% | -2.91% | -3.85B |
| 2024-12-31 | $161.26B | 2621 | +18.63% | +24.89% | -6.26% | -2.19B |
| 2024-09-30 | $160.07B | 2567 | +30.37% | +36.04% | -5.67% | -4.32B |
| 2024-06-30 | $155.23B | 2520 | +19.05% | +24.49% | -5.44% | +11.62B |
| 2024-03-31 | $140.48B | 2596 | +24.05% | +29.62% | -5.57% | +23.53B |
| 2023-12-31 | $108.99B | 2211 | +24.28% | +26.18% | -1.90% | +7.79B |
| 2023-09-30 | $90.17B | 2154 | +18.50% | +21.57% | -3.06% | -0.10B |
| 2023-06-30 | $93.35B | 2088 | +15.29% | +19.42% | -4.14% | +10.44B |
| 2023-03-31 | $77.83B | 2187 | -7.38% | -7.82% | +0.44% | -8.54B |
| 2022-12-31 | $80.34B | 2535 | -17.82% | -18.17% | +0.36% | +21.15B |
| 2022-09-30 | $55.32B | 2421 | -14.70% | -15.51% | +0.81% | -5.82B |
| 2022-06-30 | $64.98B | 2758 | -8.82% | -10.62% | +1.81% | +2.53B |