Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.68%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.67%
baseline attrition
Rally response
-6.33%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PLTRPalantir Technologies In | $81M | 7.4% | +73.3% | 5.3 yr |
| AAPLApple Inc. | $50M | 4.6% | +14.7% | 10.5 yr |
| SPYState Street SPDR S&P 50 | $41M | 3.8% | +17.6% | 10.5 yr |
| NVDANVIDIA Corporation | $33M | 3.1% | +60.9% | 7.0 yr |
| MSFTMicrosoft Corporation | $31M | 2.9% | -0.6% | 10.5 yr |
| GOOGLAlphabet Inc. | $30M | 2.8% | — | 5.5 yr |
| AMZNAmazon.com, Inc. | $29M | 2.7% | +9.5% | 7.3 yr |
| WMBThe Williams Companies, | $21M | 2.0% | +25.8% | 1.8 yr |
| JPMJPMorgan Chase & Co. | $21M | 2.0% | +21.8% | 10.5 yr |
| PEPPepsiCo, Inc. | $21M | 1.9% | +7.7% | 10.5 yr |
| CSCOCisco Systems, Inc. | $21M | 1.9% | +28.1% | 10.5 yr |
| — | $20M | 1.9% | — | 7.5 yr |
| CBChubb Limited | $20M | 1.9% | +9.3% | 3.8 yr |
| TJXThe TJX Companies, Inc. | $20M | 1.8% | +32.7% | 7.3 yr |
| ETNEaton Corporation plc | $18M | 1.7% | +33.2% | 3.8 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure12.7%-1.5pp$137M
Asset Management8.4%+0.4pp$91M
Semiconductors6.2%+2.7pp$67M
Internet Content & Information5.6%-0.1pp$61M
Consumer Electronics4.6%+0.7pp$50M
Unknown4.4%+2.9pp$48M
Medical - Devices3.9%-1.2pp$42M
Drug Manufacturers - General3.3%-0.2pp$36M
Banks - Diversified3.3%+0.0pp$36M
Beverages - Non-Alcoholic3.3%-0.0pp$35M
Country
US89.0%-3.6pp
Unknown4.4%+2.9pp
IE3.7%+0.7pp
CH1.9%-0.1pp
CA0.4%-0.0pp
IL0.3%-0.2pp
CO0.3%
CN0.1%-0.0pp
Top 5: 21.8% · Top 10: 33.1% · Top 25: 58.0%
Top buys this quarter · 15
| WM Waste Management, Inc.new | +$13M |
| MSFT Microsoft Corporation | +$31M |
| PG The Procter & Gamble Company | +$7M |
| IBM International Business Machine | +$5M |
| POWI Power Integrations, Inc.new | +$3M |
| ITRI Itron, Inc.new | +$3M |
| Q Qnity Electronics, Inc. | +$3M |
| AAPL Apple Inc. | +$50M |
| CXT Crane NXT, Co.new | +$2M |
| PLMR Palomar Holdings, Inc.new | +$2M |
Top sells this quarter · 15
| PLTR Palantir Technologies Inc. | −$17M |
| PWR Quanta Services, Inc. | −$8M |
| CVX Chevron Corporation | −$8M |
| TPR Tapestry, Inc. | −$7M |
| CAT Caterpillar Inc. | −$7M |
| MS Morgan Stanley | −$6M |
| MTDR Matador Resources Company | −$2M |
| WFC Wells Fargo & Company | −$4M |
| COST Costco Wholesale Corporation | −$3M |
| GDOT Green Dot Corporationexit | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.08B | 149 | +21.55% | +17.59% | +3.96% | -0.02B |
| 2025-12-31 | $1.16B | 151 | +23.84% | +17.72% | +6.12% | -0.01B |
| 2025-09-30 | $1.17B | 153 | +30.57% | +17.52% | +13.05% | -0.08B |
| 2025-06-30 | $1.13B | 156 | +28.30% | +14.94% | +13.36% | -0.03B |
| 2025-03-31 | $1.01B | 158 | +13.01% | +8.30% | +4.71% | -0.02B |
| 2024-12-31 | $1.07B | 163 | +29.39% | +24.89% | +4.51% | -0.02B |
| 2024-09-30 | $1.03B | 158 | +35.39% | +36.04% | -0.65% | -0.01B |
| 2024-06-30 | $961M | 153 | +18.23% | +24.49% | -6.26% | -0.00B |
| 2024-03-31 | $949M | 159 | +24.78% | +29.62% | -4.84% | -0.04B |
| 2023-12-31 | $890M | 156 | +17.80% | +26.18% | -8.38% | -0.01B |
| 2023-09-30 | $812M | 153 | +16.54% | +21.57% | -5.02% | -0.03B |
| 2023-06-30 | $884M | 159 | +16.15% | +19.42% | -3.27% | -0.03B |
| 2023-03-31 | $851M | 159 | -7.85% | -7.82% | -0.03% | +0.01B |
| 2022-12-31 | $801M | 156 | -15.93% | -18.17% | +2.24% | -0.04B |
| 2022-09-30 | $764M | 150 | -14.64% | -15.51% | +0.87% | +0.01B |
| 2022-06-30 | $794M | 160 | -9.40% | -10.62% | +1.22% | -0.02B |