Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-12.98%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.78%
baseline attrition
Rally response
+3.22%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $430M | 6.2% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $352M | 5.1% | -0.6% | 10.5 yr |
| AVGOBroadcom Inc. | $347M | 5.0% | +86.0% | 7.8 yr |
| GOOGAlphabet Inc. | $324M | 4.7% | +84.3% | 10.0 yr |
| NVDANVIDIA Corporation | $298M | 4.3% | +60.9% | 9.0 yr |
| AMZNAmazon.com, Inc. | $190M | 2.7% | +9.5% | 10.0 yr |
| LRCXLam Research Corporation | $180M | 2.6% | +196.1% | 1.5 yr |
| IBTHiShares iBonds Dec 2027 | $152M | 2.2% | — | 2.5 yr |
| JPMJPMorgan Chase & Co. | $142M | 2.0% | +21.8% | 10.5 yr |
| DGROiShares Core Dividend Gr | $138M | 2.0% | — | 3.0 yr |
| IBTGiShares iBonds Dec 2026 | $135M | 2.0% | — | 2.5 yr |
| ABBVAbbVie Inc. | $131M | 1.9% | +7.3% | 10.5 yr |
| VEAVanguard FTSE Developed | $131M | 1.9% | — | 10.5 yr |
| LHXL3Harris Technologies, I | $129M | 1.9% | +67.7% | 6.8 yr |
| GOOGLAlphabet Inc. | $123M | 1.8% | — | 10.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors14.2%+3.3pp$985M
Asset Management11.7%+5.9pp$811M
Asset Management - Bonds8.8%+0.3pp$611M
Internet Content & Information7.9%+0.7pp$547M
Consumer Electronics6.2%-0.8pp$430M
Software - Infrastructure5.7%-0.6pp$398M
Drug Manufacturers - General5.5%-0.1pp$379M
Specialty Retail3.7%-0.8pp$256M
Aerospace & Defense3.3%+0.1pp$227M
Electrical Equipment & Parts3.2%-0.0pp$223M
Country
US95.3%+1.0pp
NL1.7%+0.1pp
IE1.6%-1.2pp
GB0.9%+0.2pp
TW0.3%+0.0pp
CA0.1%+0.0pp
CH0.1%+0.0pp
Unknown0.0%-0.1pp
Top 5: 25.3% · Top 10: 36.8% · Top 25: 60.8%
Top buys this quarter · 15
| CRM Salesforce, Inc. | +$18M |
| INTU Intuit Inc. | +$16M |
| TJX The TJX Companies, Inc. | +$14M |
| META Meta Platforms, Inc. | +$101M |
| MSFT Microsoft Corporation | +$352M |
| LLY Eli Lilly and Company | +$9M |
| CVX Chevron Corporation | +$9M |
| DHR Danaher Corporation | +$53M |
| APH Amphenol Corporation | +$7M |
| MSCI MSCI Inc. | +$7M |
Top sells this quarter · 15
| V Visa Inc. | −$61M |
| LRCX Lam Research Corporation | −$59M |
| AVGO Broadcom Inc. | −$33M |
| HUBB Hubbell Incorporated | −$21M |
| AAPL Apple Inc. | −$18M |
| NVT nVent Electric plc | −$16M |
| GOOG Alphabet Inc. | −$15M |
| MPC Marathon Petroleum Corporation | −$49M |
| MA Mastercard Incorporated | −$14M |
| TMO Thermo Fisher Scientific Inc. | −$14M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $6.93B | 1120 | +24.26% | +17.59% | +6.67% | +0.09B |
| 2025-12-31 | $7.09B | 1141 | +21.84% | +17.72% | +4.13% | -0.12B |
| 2025-09-30 | $6.95B | 1087 | +18.70% | +17.52% | +1.18% | -0.08B |
| 2025-06-30 | $6.31B | 992 | +12.78% | +14.94% | -2.16% | -0.04B |
| 2025-03-31 | $5.69B | 1032 | +2.05% | +8.30% | -6.26% | +0.12B |
| 2024-12-31 | $5.89B | 1028 | +16.64% | +24.89% | -8.24% | +0.01B |
| 2024-09-30 | $5.83B | 1114 | +27.02% | +36.04% | -9.02% | +0.00B |
| 2024-06-30 | $5.50B | 991 | +15.68% | +24.49% | -8.81% | +0.07B |
| 2024-03-31 | $5.38B | 957 | +22.24% | +29.62% | -7.38% | +0.16B |
| 2023-12-31 | $4.83B | 959 | +17.06% | +26.18% | -9.12% | +0.14B |
| 2023-09-30 | $4.26B | 997 | +15.89% | +21.57% | -5.68% | -0.03B |
| 2023-06-30 | $4.45B | 989 | +13.67% | +19.42% | -5.76% | +0.01B |
| 2023-03-31 | $4.16B | 1013 | -6.00% | -7.82% | +1.82% | +0.01B |
| 2022-12-31 | $4.01B | 924 | -13.38% | -18.17% | +4.79% | +0.05B |
| 2022-09-30 | $3.64B | 963 | -11.60% | -15.51% | +3.91% | -0.05B |
| 2022-06-30 | $3.89B | 1020 | -5.98% | -10.62% | +4.64% | +0.02B |