Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.15%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.28%
baseline attrition
Rally response
+1.56%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $62.05B | 3.8% | +14.7% | 10.8 yr |
| NVDANVIDIA Corporation | $59.81B | 3.6% | +60.9% | 10.8 yr |
| MSFTMicrosoft Corporation | $46.23B | 2.8% | -0.6% | 10.8 yr |
| AMZNAmazon.com, Inc. | $36.22B | 2.2% | +9.5% | 10.8 yr |
| GOOGLAlphabet Inc. | $34.78B | 2.1% | — | 10.5 yr |
| SPYState Street SPDR S&P 50 | $26.34B | 1.6% | +17.6% | 10.8 yr |
| AVGOBroadcom Inc. | $23.50B | 1.4% | +86.0% | 8.0 yr |
| METAMeta Platforms, Inc. | $21.79B | 1.3% | -0.4% | 10.8 yr |
| GOOGAlphabet Inc. | $20.56B | 1.2% | +84.3% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $20.16B | 1.2% | +21.8% | 10.8 yr |
| IVViShares Core S&P 500 ETF | $15.27B | 0.9% | — | 10.8 yr |
| TSLATesla, Inc. | $14.56B | 0.9% | +43.4% | 10.8 yr |
| VOOVanguard S&P 500 ETF | $14.56B | 0.9% | — | 10.8 yr |
| LLYEli Lilly and Company | $14.20B | 0.9% | +12.2% | 10.8 yr |
| VVisa Inc. | $13.90B | 0.8% | -13.1% | 10.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management23.6%+1.7pp$390.91B
Semiconductors7.9%+2.5pp$130.06B
Internet Content & Information5.2%+0.7pp$85.51B
Software - Infrastructure4.6%-0.7pp$76.32B
Consumer Electronics3.8%-0.1pp$62.83B
Drug Manufacturers - General3.5%+0.1pp$58.32B
Specialty Retail3.0%-0.5pp$49.31B
Banks - Diversified2.6%+0.2pp$42.63B
Software - Application2.2%-0.9pp$36.29B
Asset Management - Bonds2.2%+0.0pp$36.10B
Country
US92.8%+0.0pp
IE1.1%-0.2pp
CA1.1%+0.2pp
GB0.9%+0.1pp
Unknown0.8%+0.0pp
TW0.3%+0.1pp
CH0.3%+0.0pp
LU0.3%-0.0pp
Top 5: 14.5% · Top 10: 21.2% · Top 25: 32.3%
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$7.27B |
| AAPL Apple Inc. | +$62.05B |
| NVDA NVIDIA Corporation | +$59.81B |
| AMZN Amazon.com, Inc. | +$36.22B |
| CRM Salesforce, Inc. | +$2.36B |
| AZN AstraZeneca PLCnew | +$1.37B |
| MSFT Microsoft Corporation | +$46.23B |
| NFLX Netflix, Inc. | +$1.31B |
| TSLA Tesla, Inc. | +$14.56B |
| IBM International Business Machine | +$1.16B |
Top sells this quarter · 15
| DELL Dell Technologies Inc. | −$859M |
| AJG Arthur J. Gallagher & Co. | −$805M |
| ADP Automatic Data Processing, Inc | −$803M |
| ADI Analog Devices, Inc. | −$697M |
| ABT Abbott Laboratories | −$680M |
| ROP Roper Technologies, Inc. | −$631M |
| RPRX Royalty Pharma plc | −$561M |
| GS The Goldman Sachs Group, Inc. | −$547M |
| TMO Thermo Fisher Scientific Inc. | −$507M |
| INTC Intel Corporation | −$497M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.65T | 8060 | +16.09% | +17.59% | -1.50% | +50.27B |
| 2025-12-31 | $1.67T | 7948 | +16.00% | +17.72% | -1.71% | +0.41B |
| 2025-09-30 | $1.64T | 7911 | +16.77% | +17.52% | -0.75% | +4.46B |
| 2025-06-30 | $1.53T | 7841 | +16.22% | +14.94% | +1.28% | -19.27B |
| 2025-03-31 | $1.39T | 7855 | +5.88% | +8.30% | -2.43% | +27.53B |
| 2024-12-31 | $1.42T | 7712 | +18.35% | +24.89% | -6.54% | +20.44B |
| 2024-09-30 | $1.37T | 7670 | +30.24% | +36.04% | -5.80% | -1.04B |
| 2024-06-30 | $1.29T | 7608 | +17.34% | +24.49% | -7.16% | +31.95B |
| 2024-03-31 | $1.24T | 7575 | +24.33% | +29.62% | -5.29% | +28.32B |
| 2023-12-31 | $1.13T | 7569 | +24.01% | +26.18% | -2.17% | +30.19B |
| 2023-09-30 | $979.60B | 7344 | +16.88% | +21.57% | -4.69% | +7.14B |
| 2023-06-30 | $1.01T | 7380 | +16.28% | +19.42% | -3.14% | +16.16B |
| 2023-03-31 | $928.26B | 7410 | -11.87% | -7.82% | -4.05% | -9.98B |
| 2022-12-31 | $876.25B | 7574 | -21.49% | -18.17% | -3.32% | +103.67B |
| 2022-09-30 | $729.62B | 7355 | -17.65% | -15.51% | -2.15% | -3.58B |
| 2022-06-30 | $766.03B | 7459 | -13.48% | -10.62% | -2.86% | +167.58B |