Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.33%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.94%
baseline attrition
Rally response
-11.32%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $79M | 6.4% | +14.7% | 10.5 yr |
| KLACKLA Corporation | $62M | 5.0% | +118.2% | 8.3 yr |
| AVGOBroadcom Inc. | $61M | 4.9% | +86.0% | 8.0 yr |
| MSFTMicrosoft Corporation | $55M | 4.5% | -0.6% | 10.5 yr |
| APHAmphenol Corporation | $47M | 3.8% | +93.6% | 1.3 yr |
| ETNEaton Corporation plc | $44M | 3.6% | +33.2% | 1.8 yr |
| WECWEC Energy Group, Inc. | $44M | 3.5% | +9.8% | 2.5 yr |
| RTXRTX Corporation | $43M | 3.5% | +48.1% | 6.0 yr |
| STTState Street Corporation | $42M | 3.4% | +44.6% | 0.5 yr |
| WMBThe Williams Companies, | $42M | 3.4% | +25.8% | 0.5 yr |
| ADIAnalog Devices, Inc. | $40M | 3.2% | +60.2% | 9.8 yr |
| ABBVAbbVie Inc. | $36M | 2.9% | +7.3% | 10.5 yr |
| MSIMotorola Solutions, Inc. | $35M | 2.9% | +0.2% | 1.0 yr |
| LOWLowe's Companies, Inc. | $35M | 2.8% | +3.4% | 10.5 yr |
| ICEIntercontinental Exchang | $34M | 2.8% | -7.8% | 6.8 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors17.3%+5.0pp$213M
Financial - Data & Stock Exchanges6.8%-0.7pp$84M
Industrial - Machinery6.5%+4.0pp$80M
Consumer Electronics6.4%-0.2pp$79M
Drug Manufacturers - General5.3%-3.4pp$65M
Software - Infrastructure4.8%-1.1pp$59M
Hardware, Equipment & Parts4.2%-0.5pp$52M
Aerospace & Defense4.1%+1.4pp$51M
Financial - Credit Services4.0%-3.6pp$49M
Asset Management3.6%+3.5pp$44M
Country
US95.3%+1.2pp
IE3.7%-1.3pp
Unknown0.6%-0.0pp
KY0.4%+0.1pp
Top 5: 24.7% · Top 10: 42.0% · Top 25: 78.8%
Top buys this quarter · 15
| MSI Motorola Solutions, Inc. | +$35M |
| PEP PepsiCo, Inc. | +$28M |
| STT State Street Corporation | +$21M |
| SBUX Starbucks Corporation | +$19M |
| LII Lennox International Inc.new | +$18M |
| WMB The Williams Companies, Inc. | +$16M |
| ETN Eaton Corporation plc | +$2M |
| LMB Limbach Holdings, Inc.new | +$2M |
| ALHC Alignment Healthcare, Inc.new | +$2M |
| SMTC Semtech Corporationnew | +$2M |
Top sells this quarter · 15
| TEL TE Connectivity Ltd. | −$29M |
| AJG Arthur J. Gallagher & Co. | −$25M |
| ABT Abbott Laboratories | −$24M |
| DE Deere & Company | −$17M |
| KLAC KLA Corporation | −$62M |
| J Jacobs Solutions Inc. | −$13M |
| MSFT Microsoft Corporation | −$12M |
| AVGO Broadcom Inc. | −$11M |
| AMZN Amazon.com, Inc. | −$10M |
| IFF International Flavors & Fragraexit | −$10M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.23B | 103 | +14.97% | +17.59% | -2.62% | -0.08B |
| 2025-12-31 | $1.37B | 110 | +17.30% | +17.72% | -0.41% | -0.02B |
| 2025-09-30 | $1.37B | 105 | +14.62% | +17.52% | -2.89% | +0.02B |
| 2025-06-30 | $1.26B | 106 | +14.06% | +14.94% | -0.88% | -0.04B |
| 2025-03-31 | $1.18B | 105 | +7.15% | +8.30% | -1.15% | -0.04B |
| 2024-12-31 | $1.24B | 103 | +16.47% | +24.89% | -8.42% | -0.08B |
| 2024-09-30 | $1.33B | 106 | +30.99% | +36.04% | -5.05% | -0.01B |
| 2024-06-30 | $1.25B | 107 | +16.68% | +24.49% | -7.81% | -0.02B |
| 2024-03-31 | $1.23B | 108 | +23.06% | +29.62% | -6.57% | -0.00B |
| 2023-12-31 | $1.16B | 110 | +20.23% | +26.18% | -5.94% | -0.02B |
| 2023-09-30 | $1.06B | 110 | +19.60% | +21.57% | -1.97% | -0.01B |
| 2023-06-30 | $1.12B | 108 | +20.31% | +19.42% | +0.88% | +0.00B |
| 2023-03-31 | $1.03B | 111 | -2.74% | -7.82% | +5.08% | -0.02B |
| 2022-12-31 | $1.00B | 115 | -11.12% | -18.17% | +7.06% | +0.02B |
| 2022-09-30 | $888M | 113 | +51.28% | -15.51% | +66.79% | -0.02B |
| 2022-06-30 | $946M | 113 | -12.29% | -16.11% | +3.82% | +0.04B |