Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.19%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.76%
steady accumulation
Rally response
-1.10%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $216M | 4.2% | +60.9% | 7.5 yr |
| AAPLApple Inc. | $216M | 4.1% | +14.7% | 9.5 yr |
| MSFTMicrosoft Corporation | $174M | 3.3% | -0.6% | 10.5 yr |
| IVViShares Core S&P 500 ETF | $167M | 3.2% | — | 10.5 yr |
| IJHiShares Core S&P Mid-Cap | $158M | 3.0% | — | 4.8 yr |
| IWYiShares Russell Top 200 | $124M | 2.4% | — | 8.0 yr |
| IJRiShares Core S&P Small-C | $106M | 2.0% | — | 6.0 yr |
| GOOGAlphabet Inc. | $99M | 1.9% | +84.3% | 10.5 yr |
| AMZNAmazon.com, Inc. | $96M | 1.9% | +9.5% | 9.3 yr |
| JPMJPMorgan Chase & Co. | $86M | 1.7% | +21.8% | 10.5 yr |
| IWRiShares Russell Mid-Cap | $84M | 1.6% | — | 8.0 yr |
| SPYState Street SPDR S&P 50 | $76M | 1.5% | +17.6% | 10.5 yr |
| GOOGLAlphabet Inc. | $74M | 1.4% | — | 10.5 yr |
| JEPIJPMorgan Equity Premium | $73M | 1.4% | — | 4.0 yr |
| BRK-BBerkshire Hathaway Inc. | $69M | 1.3% | — | 9.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management32.1%+9.1pp$1.67B
Semiconductors7.8%+1.0pp$408M
Software - Infrastructure4.8%+0.6pp$249M
Asset Management - Bonds4.5%-3.1pp$233M
Internet Content & Information4.3%+1.0pp$225M
Consumer Electronics4.1%-0.4pp$216M
Drug Manufacturers - General3.5%-2.0pp$182M
Asset Management - Income2.5%+0.8pp$128M
Aerospace & Defense2.2%+1.5pp$115M
Banks - Diversified2.2%-2.1pp$113M
Country
US96.8%+0.5pp
IE0.9%-0.1pp
TW0.5%
GB0.4%-0.0pp
NL0.3%+0.0pp
CA0.3%+0.0pp
CH0.3%-0.5pp
Unknown0.2%-0.7pp
Top 5: 17.9% · Top 10: 27.7% · Top 25: 44.3%
Top buys this quarter · 15
| INTU Intuit Inc. | +$9M |
| NFLX Netflix, Inc. | +$8M |
| TSM Taiwan Semiconductor Manufactu | +$7M |
| PANW Palo Alto Networks, Inc. | +$7M |
| TSLA Tesla, Inc. | +$7M |
| ORCL Oracle Corporation | +$6M |
| MSFT Microsoft Corporation | +$174M |
| AVGO Broadcom Inc. | +$64M |
| ISRG Intuitive Surgical, Inc. | +$5M |
| AZN AstraZeneca PLCnew | +$5M |
Top sells this quarter · 15
| C Citigroup Inc. | −$6M |
| WFC Wells Fargo & Company | −$6M |
| MA Mastercard Incorporated | −$6M |
| GILD Gilead Sciences, Inc. | −$5M |
| MRK Merck & Co., Inc. | −$5M |
| BMY Bristol-Myers Squibb Company | −$5M |
| GRMN Garmin Ltd. | −$5M |
| DHI D.R. Horton, Inc. | −$4M |
| CRM Salesforce, Inc. | −$4M |
| VZ Verizon Communications Inc. | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $5.20B | 1735 | +13.95% | +17.59% | -3.64% | +0.11B |
| 2025-12-31 | $5.33B | 1679 | +16.02% | +17.72% | -1.69% | -0.07B |
| 2025-09-30 | $5.31B | 1640 | +13.29% | +17.52% | -4.23% | +0.58B |
| 2025-06-30 | $4.38B | 1222 | +13.85% | +14.94% | -1.09% | +2.59B |
| 2025-03-31 | $1.65B | 303 | +5.05% | +8.30% | -3.26% | -0.02B |
| 2024-12-31 | $1.72B | 312 | +17.51% | +24.89% | -7.37% | +0.01B |
| 2024-09-30 | $1.72B | 320 | +31.61% | +36.04% | -4.43% | -0.02B |
| 2024-06-30 | $1.60B | 310 | +19.44% | +24.49% | -5.05% | +0.42B |
| 2024-03-31 | $1.19B | 276 | +25.59% | +29.62% | -4.03% | +0.01B |
| 2023-12-31 | $1.08B | 277 | +19.00% | +26.18% | -7.17% | -0.01B |
| 2023-09-30 | $976M | 272 | +17.82% | +21.57% | -3.75% | -0.01B |
| 2023-06-30 | $1.00B | 274 | +14.04% | +19.42% | -5.38% | -0.01B |
| 2023-03-31 | $961M | 275 | -3.24% | -7.82% | +4.58% | -0.00B |
| 2022-12-31 | $934M | 250 | -10.56% | -18.17% | +7.61% | -0.03B |
| 2022-09-30 | $871M | 246 | -9.90% | -15.51% | +5.61% | -0.06B |
| 2022-06-30 | $978M | 256 | -4.85% | -10.62% | +5.77% | -0.04B |