Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.31%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.21%
steady accumulation
Rally response
+1.14%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $1.51B | 4.3% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $1.29B | 3.7% | -0.6% | 10.5 yr |
| AMZNAmazon.com, Inc. | $1.26B | 3.6% | +9.5% | 10.5 yr |
| NVDANVIDIA Corporation | $947M | 2.7% | +60.9% | 10.3 yr |
| GOOGAlphabet Inc. | $871M | 2.5% | +84.3% | 10.5 yr |
| GOOGLAlphabet Inc. | $701M | 2.0% | — | 10.5 yr |
| JPMJPMorgan Chase & Co. | $679M | 2.0% | +21.8% | 10.5 yr |
| GEVGE Vernova Inc. | $580M | 1.7% | +186.8% | 2.0 yr |
| VVisa Inc. | $558M | 1.6% | -13.1% | 10.5 yr |
| SPYState Street SPDR S&P 50 | $550M | 1.6% | +17.6% | 10.5 yr |
| IDXXIDEXX Laboratories, Inc. | $532M | 1.5% | +33.8% | 10.5 yr |
| COSTCostco Wholesale Corpora | $519M | 1.5% | +5.9% | 10.5 yr |
| MAMastercard Incorporated | $461M | 1.3% | -8.5% | 10.5 yr |
| METAMeta Platforms, Inc. | $413M | 1.2% | -0.4% | 10.5 yr |
| FASTFastenal Company | $342M | 1.0% | +22.1% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management17.8%+4.8pp$6.17B
Internet Content & Information5.8%+2.0pp$2.00B
Software - Infrastructure5.7%-1.1pp$1.96B
Semiconductors5.3%+2.0pp$1.83B
Consumer Electronics4.3%+0.2pp$1.51B
Specialty Retail4.2%-0.0pp$1.44B
Financial - Credit Services3.7%-0.9pp$1.27B
Aerospace & Defense3.7%+1.3pp$1.27B
Drug Manufacturers - General3.6%-0.4pp$1.23B
Software - Application3.2%-3.8pp$1.13B
Country
US97.1%+0.8pp
IE0.8%-0.7pp
CA0.7%+0.1pp
GB0.6%+0.1pp
Unknown0.2%-0.2pp
TW0.1%+0.1pp
CH0.1%+0.0pp
NL0.1%+0.1pp
Top 5: 16.9% · Top 10: 25.8% · Top 25: 41.0%
Top buys this quarter · 15
| PWR Quanta Services, Inc. | +$80M |
| MDLN Medline Inc. | +$50M |
| BA The Boeing Company | +$48M |
| MCK McKesson Corporation | +$44M |
| DOCN DigitalOcean Holdings, Inc. | +$34M |
| TECH Bio-Techne Corporation | +$33M |
| FNV Franco-Nevada Corporation | +$32M |
| HEI HEICO Corporation | +$29M |
| ATI ATI Inc. | +$28M |
| FANG Diamondback Energy, Inc. | +$28M |
Top sells this quarter · 15
| CWAN Clearwater Analytics Holdings, | −$78M |
| WDAY Workday, Inc. | −$75M |
| TYL Tyler Technologies, Inc. | −$64M |
| APP AppLovin Corporation | −$61M |
| UBER Uber Technologies, Inc. | −$58M |
| PCOR Procore Technologies, Inc. | −$55M |
| ADBE Adobe Inc. | −$46M |
| CSGP CoStar Group, Inc. | −$45M |
| NOW ServiceNow, Inc. | −$43M |
| INTU Intuit Inc. | −$39M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $34.73B | 1893 | +6.26% | +17.59% | -11.33% | +0.39B |
| 2025-12-31 | $37.10B | 1858 | +11.06% | +17.72% | -6.66% | -0.16B |
| 2025-09-30 | $37.37B | 1834 | +12.37% | +17.52% | -5.15% | -0.10B |
| 2025-06-30 | $35.81B | 1811 | +13.16% | +14.94% | -1.78% | -0.45B |
| 2025-03-31 | $32.96B | 1787 | +1.62% | +8.30% | -6.68% | -0.14B |
| 2024-12-31 | $34.21B | 1800 | +12.62% | +24.89% | -12.27% | +0.02B |
| 2024-09-30 | $33.89B | 1803 | +26.75% | +36.04% | -9.29% | -0.19B |
| 2024-06-30 | $32.34B | 1790 | +13.96% | +24.49% | -10.53% | +0.92B |
| 2024-03-31 | $31.81B | 1771 | +25.17% | +29.62% | -4.45% | +0.38B |
| 2023-12-31 | $29.31B | 1762 | +27.21% | +26.18% | +1.03% | -0.25B |
| 2023-09-30 | $26.04B | 1766 | +18.67% | +21.57% | -2.89% | +0.22B |
| 2023-06-30 | $27.25B | 1785 | +20.46% | +19.42% | +1.04% | +0.14B |
| 2023-03-31 | $24.99B | 1776 | -9.71% | -7.82% | -1.89% | -0.02B |
| 2022-12-31 | $22.94B | 1784 | -20.96% | -18.17% | -2.79% | -0.05B |
| 2022-09-30 | $21.71B | 1781 | -17.12% | -15.51% | -1.61% | +0.08B |
| 2022-06-30 | $22.50B | 1823 | -13.34% | -10.62% | -2.72% | -0.68B |