Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.77%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.93%
baseline attrition
Rally response
-2.14%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MDTMedtronic plc | $28M | 3.9% | -1.3% | 9.0 yr |
| KTBKontoor Brands, Inc. | $24M | 3.4% | +12.8% | 6.8 yr |
| RTXRTX Corporation | $23M | 3.2% | +48.1% | 6.0 yr |
| KMIKinder Morgan, Inc. | $22M | 3.1% | +22.6% | 6.3 yr |
| COPConocoPhillips | $22M | 3.0% | +30.0% | 10.3 yr |
| TAT&T Inc. | $21M | 2.9% | +5.9% | 4.8 yr |
| NKENIKE, Inc. | $21M | 2.9% | -14.7% | 1.0 yr |
| CVXChevron Corporation | $21M | 2.9% | +29.2% | 10.5 yr |
| CMECME Group Inc. | $21M | 2.9% | +15.6% | 6.3 yr |
| HSYThe Hershey Company | $19M | 2.6% | +25.3% | 2.0 yr |
| HRHealthcare Realty Trust | $19M | 2.6% | +6.9% | 2.3 yr |
| MRKMerck & Co., Inc. | $18M | 2.5% | +38.9% | 5.8 yr |
| BDXBecton, Dickinson and Co | $18M | 2.4% | +14.0% | 8.3 yr |
| MMM3M Company | $17M | 2.4% | +0.7% | 3.8 yr |
| LHXL3Harris Technologies, I | $17M | 2.3% | +67.7% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Drug Manufacturers - General6.3%+0.6pp$46M
Banks - Diversified5.5%+0.7pp$40M
Aerospace & Defense5.5%+0.2pp$40M
Telecommunications Services4.4%-1.1pp$32M
Regulated Electric4.0%+0.0pp$29M
Medical - Devices3.9%-1.2pp$28M
Apparel - Manufacturers3.4%+1.3pp$24M
Oil & Gas Exploration & Production3.4%+0.9pp$24M
Semiconductors3.2%+0.5pp$23M
Oil & Gas Midstream3.1%-0.0pp$22M
Country
US91.6%-0.6pp
IE3.9%+0.2pp
GB1.9%+1.7pp
NL1.7%-1.0pp
Unknown0.7%-0.3pp
CA0.1%+0.0pp
Top 5: 16.4% · Top 10: 30.7% · Top 25: 62.6%
Top buys this quarter · 15
| BDX Becton, Dickinson and Company | +$8M |
| NKE NIKE, Inc. | +$6M |
| UNP Union Pacific Corporation | +$3M |
| VZ Verizon Communications Inc. | +$3M |
| KTB Kontoor Brands, Inc. | +$3M |
| MMM 3M Company | +$2M |
| HSY The Hershey Company | +$2M |
| HR Healthcare Realty Trust Incorp | +$2M |
| MDT Medtronic plc | +$28M |
| TXN Texas Instruments Incorporated | +$1M |
Top sells this quarter · 15
| PHG Koninklijke Philips N.V.exit | −$7M |
| GPC Genuine Parts Companyexit | −$6M |
| RTX RTX Corporation | −$5M |
| CRBG Corebridge Financial, Inc. | −$2M |
| CVX Chevron Corporation | −$17M |
| LHX L3Harris Technologies, Inc. | −$16M |
| COP ConocoPhillips | −$17M |
| MET MetLife, Inc. | −$1M |
| PH Parker-Hannifin Corporation | −$1M |
| HAS Hasbro, Inc. | −$11M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $728M | 79 | +13.29% | +17.59% | -4.30% | -0.01B |
| 2025-12-31 | $704M | 80 | +14.10% | +17.72% | -3.62% | -0.03B |
| 2025-09-30 | $723M | 81 | +10.22% | +17.52% | -7.29% | -0.00B |
| 2025-06-30 | $695M | 84 | +16.02% | +14.94% | +1.08% | +0.00B |
| 2025-03-31 | $672M | 86 | +11.05% | +8.30% | +2.75% | +0.01B |
| 2024-12-31 | $633M | 76 | +15.46% | +24.89% | -9.42% | -0.03B |
| 2024-09-30 | $674M | 76 | +30.95% | +36.04% | -5.08% | -0.01B |
| 2024-06-30 | $623M | 74 | +17.81% | +24.49% | -6.68% | -0.01B |
| 2024-03-31 | $640M | 75 | +22.42% | +29.62% | -7.20% | -0.01B |
| 2023-12-31 | $594M | 76 | +11.81% | +26.18% | -14.37% | -0.01B |
| 2023-09-30 | $542M | 76 | +16.04% | +21.57% | -5.53% | -0.00B |
| 2023-06-30 | $555M | 77 | +11.56% | +19.42% | -7.87% | +0.00B |
| 2023-03-31 | $537M | 75 | -1.13% | -7.82% | +6.68% | -0.00B |
| 2022-12-31 | $541M | 76 | +15.16% | +7.56% | +7.60% | -0.00B |
| 2022-09-30 | $472M | 73 | -5.21% | -4.93% | -0.28% | -0.00B |
| 2022-06-30 | $500M | 75 | -9.13% | -16.11% | +6.98% | -0.00B |