Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.34%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.29%
steady accumulation
Rally response
+1.43%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $28.04B | 4.3% | +60.9% | 10.5 yr |
| AAPLApple Inc. | $25.97B | 4.0% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $19.44B | 3.0% | -0.6% | 10.5 yr |
| AMZNAmazon.com, Inc. | $13.87B | 2.1% | +9.5% | 10.5 yr |
| GOOGLAlphabet Inc. | $11.77B | 1.8% | — | 10.5 yr |
| FNDXSchwab Fundamental U.S. | $11.68B | 1.8% | — | 2.3 yr |
| AVGOBroadcom Inc. | $10.43B | 1.6% | +86.0% | 8.0 yr |
| GOOGAlphabet Inc. | $9.30B | 1.4% | +84.3% | 10.5 yr |
| METAMeta Platforms, Inc. | $8.81B | 1.4% | -0.4% | 10.5 yr |
| CVXChevron Corporation | $7.47B | 1.2% | +29.2% | 10.5 yr |
| TSLATesla, Inc. | $7.41B | 1.1% | +43.4% | 10.5 yr |
| FNDFSchwab Fundamental Inter | $7.00B | 1.1% | — | 2.3 yr |
| SCHRSchwab Intermediate-Term | $6.22B | 1.0% | — | 5.5 yr |
| MRKMerck & Co., Inc. | $5.99B | 0.9% | +38.9% | 10.5 yr |
| PGThe Procter & Gamble Com | $5.98B | 0.9% | -12.9% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors9.9%+3.3pp$63.83B
Asset Management9.8%-0.7pp$63.60B
Internet Content & Information4.8%+1.0pp$30.95B
Drug Manufacturers - General4.7%-0.5pp$30.53B
Software - Infrastructure4.5%-0.5pp$29.05B
Consumer Electronics4.1%-0.1pp$26.25B
Specialty Retail2.8%-0.1pp$17.90B
Aerospace & Defense2.2%+0.3pp$14.48B
Banks - Diversified2.2%+0.0pp$14.10B
Oil & Gas Integrated2.2%+0.3pp$14.07B
Country
US95.7%-0.6pp
IE1.3%+0.3pp
CA1.0%+0.2pp
Unknown0.5%-0.0pp
GB0.5%-0.0pp
CH0.2%+0.0pp
BM0.1%-0.0pp
SG0.1%+0.1pp
Top 5: 15.3% · Top 10: 22.7% · Top 25: 36.4%
Top buys this quarter · 15
| UNH UnitedHealth Group Incorporate | +$3.35B |
| ABT Abbott Laboratories | +$3.32B |
| PG The Procter & Gamble Company | +$3.26B |
| QCOM QUALCOMM Incorporated | +$3.12B |
| ACN Accenture plc | +$2.77B |
| BX Blackstone Inc. | +$1.96B |
| ADP Automatic Data Processing, Inc | +$1.86B |
| NVDA NVIDIA Corporation | +$28.04B |
| DVN Devon Energy Corporation | +$707M |
| AAPL Apple Inc. | +$25.97B |
Top sells this quarter · 15
| CSCO Cisco Systems, Inc. | −$2.82B |
| ABBV AbbVie Inc. | −$2.65B |
| VLO Valero Energy Corporation | −$2.23B |
| HAL Halliburton Company | −$965M |
| LMT Lockheed Martin Corporation | −$4.18B |
| MO Altria Group, Inc. | −$742M |
| BMY Bristol-Myers Squibb Company | −$613M |
| LYB LyondellBasell Industries N.V. | −$600M |
| CF CF Industries Holdings, Inc. | −$594M |
| F-PD Ford Motor Company 6.500% Note | −$574M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $645.81B | 3444 | +17.30% | +17.59% | -0.29% | +16.27B |
| 2025-12-31 | $635.30B | 3445 | +14.06% | +17.72% | -3.66% | +4.48B |
| 2025-09-30 | $618.57B | 3444 | +13.20% | +17.52% | -4.32% | +4.46B |
| 2025-06-30 | $571.83B | 3482 | +13.16% | +14.94% | -1.78% | +2.15B |
| 2025-03-31 | $527.06B | 3465 | +5.23% | +8.30% | -3.08% | +10.20B |
| 2024-12-31 | $536.40B | 3483 | +16.87% | +24.89% | -8.02% | +12.74B |
| 2024-09-30 | $517.41B | 3489 | +28.32% | +36.04% | -7.72% | -38.32B |
| 2024-06-30 | $517.65B | 3610 | +15.40% | +24.49% | -9.09% | +83.25B |
| 2024-03-31 | $432.19B | 3457 | +21.29% | +29.62% | -8.33% | +11.77B |
| 2023-12-31 | $392.88B | 3524 | +18.59% | +26.18% | -7.59% | +5.48B |
| 2023-09-30 | $348.61B | 3562 | +15.26% | +21.57% | -6.31% | +10.94B |
| 2023-06-30 | $349.74B | 3598 | +13.40% | +19.42% | -6.02% | +2.67B |
| 2023-03-31 | $328.53B | 3540 | -7.69% | -7.82% | +0.12% | +4.38B |
| 2022-12-31 | $309.81B | 3534 | -15.85% | -18.17% | +2.32% | +8.73B |
| 2022-09-30 | $278.77B | 3497 | -13.46% | -15.51% | +2.04% | +6.23B |
| 2022-06-30 | $286.91B | 3524 | -8.38% | -10.62% | +2.24% | +1.31B |