Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.08%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.28%
baseline attrition
Rally response
-1.41%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BRK-BBerkshire Hathaway Inc. | $43M | 7.1% | — | 9.3 yr |
| MSFTMicrosoft Corporation | $42M | 6.9% | -0.6% | 9.3 yr |
| GOOGAlphabet Inc. | $34M | 5.7% | +84.3% | 7.8 yr |
| BKThe Bank of New York Mel | $30M | 5.1% | +44.4% | 9.3 yr |
| BACBank of America Corporat | $23M | 3.8% | +19.4% | 9.3 yr |
| VVisa Inc. | $20M | 3.4% | -13.1% | 9.3 yr |
| EIRLiShares MSCI Ireland ETF | $19M | 3.1% | — | 0.3 yr |
| IVEiShares S&P 500 Value ET | $18M | 2.9% | — | 8.8 yr |
| AXPAmerican Express Company | $15M | 2.6% | +13.3% | 9.3 yr |
| BWZSPDR Bloomberg Short Ter | $14M | 2.4% | — | 0.3 yr |
| MRKMerck & Co., Inc. | $14M | 2.3% | +38.9% | 9.3 yr |
| RTXRTX Corporation | $14M | 2.3% | +48.1% | 6.0 yr |
| RSPAInvesco S&P 500 Equal We | $14M | 2.3% | — | 0.3 yr |
| INTCIntel Corporation | $13M | 2.2% | +94.3% | 9.3 yr |
| NVSNovartis AG | $13M | 2.2% | +39.7% | 9.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management34.4%+3.5pp$206M
Software - Infrastructure8.9%-1.4pp$53M
Insurance - Diversified7.1%-2.2pp$43M
Drug Manufacturers - General6.3%+1.1pp$38M
Financial - Credit Services5.9%-1.4pp$36M
Internet Content & Information5.9%+5.6pp$35M
Asset Management - Bonds4.4%-9.4pp$26M
Banks - Diversified4.2%+0.1pp$25M
Aerospace & Defense4.1%+0.8pp$25M
Semiconductors3.4%+1.8pp$20M
Country
US95.4%-0.6pp
CH2.3%+0.5pp
Unknown2.2%
NL0.1%
Top 5: 28.6% · Top 10: 42.9% · Top 25: 71.1%
Top buys this quarter · 15
| XOM Exxon Mobil Corporation | +$0M |
| AVGO Broadcom Inc. | +$5M |
| LLY Eli Lilly and Company | +$0M |
| AMAT Applied Materials, Inc.new | +$0M |
| PEP PepsiCo, Inc. | +$0M |
| MCD McDonald's Corporation | +$0M |
| MS Morgan Stanley | +$0M |
| MRK Merck & Co., Inc. | +$0M |
| ADP Automatic Data Processing, Inc | +$0M |
| JNJ Johnson & Johnson | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $600M | 107 | +24.78% | +17.59% | +7.18% | +0.06B |
| 2025-12-31 | $564M | 87 | +30.29% | +17.72% | +12.57% | -0.04B |
| 2025-09-30 | $585M | 96 | +25.96% | +17.52% | +8.45% | -0.01B |
| 2025-06-30 | $540M | 95 | +19.76% | +14.94% | +4.82% | -0.08B |
| 2025-03-31 | $542M | 104 | +5.84% | +8.30% | -2.46% | +0.01B |
| 2024-12-31 | $538M | 102 | +18.11% | +24.89% | -6.77% | +0.01B |
| 2024-09-30 | $526M | 101 | +34.23% | +36.04% | -1.81% | +0.01B |
| 2024-06-30 | $490M | 97 | +21.25% | +24.49% | -3.24% | -0.01B |
| 2024-03-31 | $494M | 95 | +29.56% | +29.62% | -0.07% | -0.01B |
| 2023-12-31 | $451M | 91 | +25.58% | +26.18% | -0.60% | -0.02B |
| 2023-09-30 | $415M | 90 | +23.45% | +21.57% | +1.88% | +0.01B |
| 2023-06-30 | $426M | 92 | +19.44% | +19.42% | +0.02% | -0.01B |
| 2023-03-31 | $403M | 90 | -4.61% | -7.82% | +3.20% | -0.01B |
| 2022-12-31 | $384M | 86 | -15.55% | -18.17% | +2.62% | -0.01B |
| 2022-09-30 | $350M | 78 | -16.41% | -15.51% | -0.90% | +0.01B |
| 2022-06-30 | $371M | 78 | -8.65% | -10.62% | +1.97% | +0.01B |