Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.70%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.90%
baseline attrition
Rally response
-10.24%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $6.96B | 7.1% | +60.9% | 4.5 yr |
| AAPLApple Inc. | $4.57B | 4.7% | +14.7% | 4.5 yr |
| MSFTMicrosoft Corporation | $4.41B | 4.5% | -0.6% | 4.5 yr |
| GOOGLAlphabet Inc. | $3.09B | 3.2% | — | 4.5 yr |
| RYRoyal Bank of Canada | $2.61B | 2.7% | +48.2% | 4.5 yr |
| TDThe Toronto-Dominion Ban | $2.56B | 2.6% | +60.9% | 4.5 yr |
| AMZNAmazon.com, Inc. | $2.44B | 2.5% | +9.5% | 4.5 yr |
| GOOGAlphabet Inc. | $2.19B | 2.2% | +84.3% | 4.5 yr |
| TSLATesla, Inc. | $1.99B | 2.0% | +43.4% | 4.5 yr |
| AVGOBroadcom Inc. | $1.86B | 1.9% | +86.0% | 4.5 yr |
| METAMeta Platforms, Inc. | $1.70B | 1.7% | -0.4% | 4.5 yr |
| SHOPShopify Inc. | $1.52B | 1.6% | +24.2% | 4.5 yr |
| MUMicron Technology, Inc. | $1.46B | 1.5% | +289.6% | 4.5 yr |
| BMOBank of Montreal | $1.45B | 1.5% | +47.5% | 4.5 yr |
| CMCanadian Imperial Bank o | $1.23B | 1.3% | +73.0% | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors14.6%+5.3pp$14.25B
Banks - Diversified11.3%+0.1pp$11.03B
Internet Content & Information7.2%+2.1pp$7.04B
Software - Infrastructure6.4%+0.9pp$6.25B
Consumer Electronics4.7%+0.7pp$4.57B
Asset Management4.5%-1.0pp$4.44B
Specialty Retail3.2%+0.1pp$3.16B
Software - Application3.2%-0.2pp$3.14B
Drug Manufacturers - General2.6%+0.3pp$2.59B
Gold2.2%+0.5pp$2.19B
Country
US70.7%-1.9pp
CA24.6%+2.5pp
Unknown1.1%-0.7pp
GB0.8%+0.5pp
IE0.7%-0.1pp
TW0.6%+0.2pp
BM0.3%+0.0pp
SG0.2%+0.1pp
Top 5: 22.1% · Top 10: 33.4% · Top 25: 50.5%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$2.26B |
| AAPL Apple Inc. | +$941M |
| MSFT Microsoft Corporation | +$4.41B |
| AMD Advanced Micro Devices, Inc. | +$538M |
| AZN AstraZeneca PLCnew | +$422M |
| SHOP Shopify Inc. | +$403M |
| UNH UnitedHealth Group Incorporate | +$402M |
| GOOG Alphabet Inc. | +$385M |
| TSM Taiwan Semiconductor Manufactu | +$342M |
| MU Micron Technology, Inc. | +$305M |
Top sells this quarter · 15
| META Meta Platforms, Inc. | −$686M |
| AVGO Broadcom Inc. | −$435M |
| CNQ Canadian Natural Resources Lim | −$320M |
| CVX Chevron Corporation | −$231M |
| GE GE Aerospace | −$218M |
| CTSH Cognizant Technology Solutions | −$205M |
| EQIX Equinix, Inc. | −$200M |
| ABBV AbbVie Inc. | −$199M |
| ETN Eaton Corporation plc | −$185M |
| BP BP p.l.c. | −$177M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $97.70B | 2616 | +26.79% | +17.59% | +9.20% | +3.25B |
| 2025-12-31 | $97.37B | 2562 | +27.16% | +17.72% | +9.44% | +5.67B |
| 2025-09-30 | $88.43B | 2476 | +23.47% | +17.52% | +5.95% | -13.60B |
| 2025-06-30 | $92.76B | 2599 | +20.16% | +14.94% | +5.22% | -4.93B |
| 2025-03-31 | $85.24B | 2484 | +5.62% | +8.30% | -2.68% | +10.06B |
| 2024-12-31 | $77.28B | 2510 | +14.60% | +24.89% | -10.29% | +3.18B |
| 2024-09-30 | $73.59B | 2519 | +29.08% | +36.04% | -6.96% | +5.66B |
| 2024-06-30 | $63.47B | 2519 | +13.32% | +24.49% | -11.18% | +5.59B |
| 2024-03-31 | $57.46B | 2509 | +17.81% | +29.62% | -11.81% | -0.59B |
| 2023-12-31 | $55.00B | 2507 | +16.94% | +26.18% | -9.23% | -6.89B |
| 2023-09-30 | $54.57B | 2527 | +11.27% | +21.57% | -10.30% | +7.94B |
| 2023-06-30 | $49.63B | 2529 | +11.36% | +19.42% | -8.07% | +10.93B |
| 2023-03-31 | $36.95B | 2531 | -12.56% | -7.82% | -4.74% | -1.76B |
| 2022-12-31 | $36.95B | 2566 | -20.40% | -18.17% | -2.22% | +18.31B |
| 2022-09-30 | $17.27B | 2480 | -5.96% | -4.93% | -1.03% | -0.28B |
| 2022-06-30 | $18.66B | 2534 | -17.76% | -16.11% | -1.65% | -2.30B |