Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.21%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.43%
steady accumulation
Rally response
-1.80%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $173.34B | 6.0% | +60.9% | 10.5 yr |
| AAPLApple Inc. | $152.87B | 5.3% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $113.53B | 3.9% | -0.6% | 10.5 yr |
| AMZNAmazon.com, Inc. | $81.32B | 2.8% | +9.5% | 10.5 yr |
| GOOGLAlphabet Inc. | $65.06B | 2.3% | — | 10.5 yr |
| AVGOBroadcom Inc. | $59.23B | 2.0% | +86.0% | 8.0 yr |
| GOOGAlphabet Inc. | $53.27B | 1.8% | +84.3% | 10.5 yr |
| METAMeta Platforms, Inc. | $50.65B | 1.8% | -0.4% | 10.5 yr |
| TSLATesla, Inc. | $42.64B | 1.5% | +43.4% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $36.56B | 1.3% | +21.8% | 10.5 yr |
| XOMExxon Mobil Corporation | $36.29B | 1.3% | +47.6% | 10.5 yr |
| BRK-BBerkshire Hathaway Inc. | $35.51B | 1.2% | — | 10.5 yr |
| LLYEli Lilly and Company | $32.75B | 1.1% | +12.2% | 10.5 yr |
| JNJJohnson & Johnson | $32.63B | 1.1% | +51.5% | 10.5 yr |
| CVXChevron Corporation | $31.68B | 1.1% | +29.2% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors12.2%+4.0pp$352.78B
Internet Content & Information6.1%+1.1pp$175.79B
Software - Infrastructure5.8%-0.6pp$168.60B
Consumer Electronics5.3%-0.2pp$153.64B
Drug Manufacturers - General4.7%+0.0pp$135.30B
Specialty Retail3.5%-0.2pp$100.61B
Aerospace & Defense3.3%+0.4pp$94.07B
Banks - Diversified2.7%-0.0pp$78.24B
Oil & Gas Integrated2.4%+0.3pp$69.36B
Regulated Electric2.3%+0.1pp$66.32B
Country
US96.4%+0.1pp
IE1.3%-0.1pp
GB0.6%-0.0pp
Unknown0.5%+0.1pp
CH0.3%-0.0pp
SG0.2%+0.1pp
BM0.1%-0.0pp
CA0.1%-0.0pp
Top 5: 20.3% · Top 10: 28.7% · Top 25: 41.4%
Top buys this quarter · 15
| VRT Vertiv Holdings Co | +$1.79B |
| XOM Exxon Mobil Corporation | +$1.49B |
| SATS EchoStar Corporation | +$1.06B |
| PANW Palo Alto Networks, Inc. | +$826M |
| COHR Coherent, Inc. | +$722M |
| LITE Lumentum Holdings Inc. | +$640M |
| COP ConocoPhillips | +$518M |
| WAT Waters Corporation | +$500M |
| EOG EOG Resources, Inc. | +$486M |
| CIEN Ciena Corporation | +$468M |
Top sells this quarter · 15
| META Meta Platforms, Inc. | −$1.33B |
| LMT Lockheed Martin Corporation | −$16.28B |
| NFLX Netflix, Inc. | −$493M |
| T AT&T Inc. | −$8.25B |
| AAPL Apple Inc. | −$435M |
| EXAS Exact Sciences Corporationexit | −$435M |
| MS Morgan Stanley | −$414M |
| VZ Verizon Communications Inc. | −$9.08B |
| GOOG Alphabet Inc. | −$398M |
| CAT Caterpillar Inc. | −$20.27B |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.89T | 4093 | +18.02% | +17.59% | +0.43% | +7.44B |
| 2025-12-31 | $2.98T | 4100 | +16.75% | +17.72% | -0.97% | +31.90B |
| 2025-09-30 | $2.88T | 4093 | +15.97% | +17.52% | -1.55% | +2.43B |
| 2025-06-30 | $2.66T | 4063 | +14.61% | +14.94% | -0.33% | -8.33B |
| 2025-03-31 | $2.42T | 4085 | +5.29% | +8.30% | -3.01% | -2.81B |
| 2024-12-31 | $2.53T | 4101 | +18.11% | +24.89% | -6.77% | +38.43B |
| 2024-09-30 | $2.45T | 4087 | +29.74% | +36.04% | -6.29% | +15.27B |
| 2024-06-30 | $2.28T | 4158 | +16.92% | +24.49% | -7.57% | +21.85B |
| 2024-03-31 | $2.23T | 4164 | +22.81% | +29.62% | -6.81% | +26.49B |
| 2023-12-31 | $2.05T | 4222 | +20.23% | +26.18% | -5.95% | +44.60B |
| 2023-09-30 | $1.80T | 4339 | +15.93% | +21.57% | -5.64% | -28.01B |
| 2023-06-30 | $1.90T | 4461 | +14.78% | +19.42% | -4.65% | +17.79B |
| 2023-03-31 | $1.77T | 4564 | -7.72% | -7.82% | +0.10% | -19.01B |
| 2022-12-31 | $1.70T | 4629 | -16.40% | -18.17% | +1.78% | +1.31B |
| 2022-09-30 | $1.58T | 4706 | -13.69% | -15.51% | +1.82% | -8.39B |
| 2022-06-30 | $1.66T | 4717 | -8.83% | -10.62% | +1.79% | -61.20B |