Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-7.32%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.90%
steady accumulation
Rally response
-2.14%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| RYRoyal Bank of Canada | $10.05B | 4.3% | +48.2% | 10.5 yr |
| NVDANVIDIA Corporation | $9.73B | 4.1% | +60.9% | 10.5 yr |
| TDThe Toronto-Dominion Ban | $7.04B | 3.0% | +60.9% | 10.5 yr |
| AAPLApple Inc. | $6.92B | 3.0% | +14.7% | 10.5 yr |
| GOOGLAlphabet Inc. | $5.60B | 2.4% | — | 8.5 yr |
| MSFTMicrosoft Corporation | $5.56B | 2.4% | -0.6% | 10.5 yr |
| AMZNAmazon.com, Inc. | $5.13B | 2.2% | +9.5% | 8.3 yr |
| BNSThe Bank of Nova Scotia | $3.89B | 1.7% | +52.4% | 10.5 yr |
| CMCanadian Imperial Bank o | $3.88B | 1.7% | +73.0% | 10.5 yr |
| SPYState Street SPDR S&P 50 | $3.88B | 1.7% | +17.6% | 10.5 yr |
| BMOBank of Montreal | $3.79B | 1.6% | +47.5% | 10.5 yr |
| TRPTC Energy Corporation | $3.40B | 1.5% | +37.4% | 7.0 yr |
| METAMeta Platforms, Inc. | $3.38B | 1.4% | -0.4% | 10.5 yr |
| CNQCanadian Natural Resourc | $3.12B | 1.3% | +66.0% | 10.5 yr |
| ENBEnbridge Inc. | $3.10B | 1.3% | +29.3% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Banks - Diversified14.0%+0.0pp$32.88B
Asset Management12.0%-0.9pp$28.13B
Semiconductors7.6%+0.7pp$17.79B
Internet Content & Information5.2%+0.8pp$12.22B
Software - Infrastructure3.9%-0.7pp$9.15B
Oil & Gas Midstream3.5%-0.0pp$8.24B
Gold3.1%+1.5pp$7.34B
Consumer Electronics3.0%-0.3pp$6.95B
Specialty Retail2.5%+0.0pp$5.94B
Drug Manufacturers - General2.4%+0.0pp$5.73B
Country
US64.6%-2.2pp
CA29.9%+1.9pp
Unknown1.8%-0.6pp
GB1.1%+0.6pp
BM0.6%-0.0pp
IE0.5%-0.1pp
SG0.2%+0.2pp
CH0.2%+0.0pp
Top 5: 16.8% · Top 10: 26.3% · Top 25: 43.5%
Top buys this quarter · 15
| AMZN Amazon.com, Inc. | +$579M |
| V Visa Inc. | +$525M |
| TD The Toronto-Dominion Bank | +$515M |
| RY Royal Bank of Canada | +$10.05B |
| B Barrick Mining Corporation | +$386M |
| AZN AstraZeneca PLCnew | +$380M |
| TRP TC Energy Corporation | +$308M |
| MSFT Microsoft Corporation | +$5.56B |
| NVDA NVIDIA Corporation | +$9.73B |
| MPLX MPLX Lp | +$230M |
Top sells this quarter · 15
| META Meta Platforms, Inc. | −$1.35B |
| SPY State Street SPDR S&P 500 ETF | −$725M |
| ORCL Oracle Corporation | −$560M |
| QSR Restaurant Brands Internationa | −$459M |
| COST Costco Wholesale Corporation | −$418M |
| TSLA Tesla, Inc. | −$416M |
| AVGO Broadcom Inc. | −$408M |
| GOOG Alphabet Inc. | −$380M |
| CRWD CrowdStrike Holdings, Inc. | −$296M |
| CNQ Canadian Natural Resources Lim | −$2.35B |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $234.58B | 3125 | +27.70% | +17.59% | +10.10% | -4.24B |
| 2025-12-31 | $242.78B | 3086 | +25.39% | +17.72% | +7.68% | +6.52B |
| 2025-09-30 | $226.96B | 3013 | +22.37% | +17.52% | +4.85% | +10.22B |
| 2025-06-30 | $197.37B | 3080 | +20.78% | +14.94% | +5.84% | -14.55B |
| 2025-03-31 | $186.62B | 3053 | +6.88% | +8.30% | -1.43% | -4.04B |
| 2024-12-31 | $197.39B | 3025 | +17.17% | +24.89% | -7.72% | -16.89B |
| 2024-09-30 | $210.92B | 3297 | +29.71% | +36.04% | -6.33% | -3.02B |
| 2024-06-30 | $197.39B | 3395 | +14.13% | +24.49% | -10.36% | -0.41B |
| 2024-03-31 | $196.85B | 3386 | +18.99% | +29.62% | -10.64% | -8.99B |
| 2023-12-31 | $194.37B | 3392 | +17.64% | +26.18% | -8.54% | -2.96B |
| 2023-09-30 | $175.46B | 3220 | +12.06% | +21.57% | -9.51% | +13.91B |
| 2023-06-30 | $169.39B | 3432 | +9.53% | +19.42% | -9.90% | +5.60B |
| 2023-03-31 | $156.35B | 3352 | -11.25% | -7.82% | -3.44% | +10.77B |
| 2022-12-31 | $139.05B | 3346 | -19.15% | -18.17% | -0.97% | -15.17B |
| 2022-09-30 | $143.95B | 3428 | -16.18% | -15.51% | -0.67% | -1.15B |
| 2022-06-30 | $155.66B | 3429 | -9.57% | -10.62% | +1.05% | +6.51B |