Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.95%
adds when stocks drop
when a holding falls −10%+
Middle response
-8.57%
baseline attrition
Rally response
-24.26%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GFLGFL Environmental Inc. | $937M | 27.8% | -13.5% | 6.3 yr |
| HYGiShares iBoxx $ High Yie | $523M | 15.5% | — | 1.0 yr |
| CRMSalesforce, Inc. | $132M | 3.9% | -30.2% | 5.0 yr |
| COFCapital One Financial Co | $125M | 3.7% | +3.1% | 5.3 yr |
| PNCThe PNC Financial Servic | $115M | 3.4% | +22.7% | 4.0 yr |
| NVDANVIDIA Corporation | $94M | 2.8% | +60.9% | 5.3 yr |
| ETNEaton Corporation plc | $84M | 2.5% | +33.2% | 2.8 yr |
| ROKRockwell Automation, Inc | $84M | 2.5% | +41.0% | 9.3 yr |
| CARRCarrier Global Corporati | $73M | 2.2% | -9.9% | 1.5 yr |
| ROSTRoss Stores, Inc. | $71M | 2.1% | +71.2% | 8.5 yr |
| ABBVAbbVie Inc. | $71M | 2.1% | +7.3% | 9.3 yr |
| BURLBurlington Stores, Inc. | $70M | 2.1% | +36.5% | 1.5 yr |
| CMGChipotle Mexican Grill, | $68M | 2.0% | -36.2% | 8.5 yr |
| PONYPony AI Inc. American De | $61M | 1.8% | +7.0% | 1.5 yr |
| MAMastercard Incorporated | $54M | 1.6% | -8.5% | 5.0 yr |
Portfolio composition (YoY)
Industry mix
Waste Management27.8%+8.4pp$937M
Asset Management - Bonds15.5%$523M
Industrial - Machinery8.5%+8.3pp$287M
Software - Application6.8%-0.0pp$228M
Financial - Credit Services5.3%+2.8pp$178M
Apparel - Retail4.3%+4.2pp$143M
Semiconductors3.8%+3.5pp$128M
Drug Manufacturers - General3.7%-0.0pp$123M
Banks - Regional3.4%+2.9pp$115M
Restaurants2.3%-1.1pp$78M
Country
US61.5%-11.9pp
CA29.2%+7.5pp
IE2.5%+2.4pp
CN1.8%-1.1pp
GB1.6%
AU1.3%
NL0.7%
LU0.7%
Top 5: 54.4% · Top 10: 66.4% · Top 25: 89.0%
Top buys this quarter · 15
| PNC The PNC Financial Services Gro | +$102M |
| ETN Eaton Corporation plc | +$84M |
| CMG Chipotle Mexican Grill, Inc. | +$66M |
| MA Mastercard Incorporated | +$53M |
| AZN AstraZeneca PLCnew | +$52M |
| PGR The Progressive Corporation | +$52M |
| ASML ASML Holding N.V.new | +$23M |
| SPOT Spotify Technology S.A. | +$21M |
| TMO Thermo Fisher Scientific Inc. | +$18M |
| TTWO Take-Two Interactive Software, | +$17M |
Top sells this quarter · 15
| TMUS T-Mobile US, Inc. | −$500M |
| ELAN Elanco Animal Health Incorpora | −$419M |
| WMT Walmart Inc. | −$204M |
| BAC Bank of America Corporationexit | −$133M |
| CMI Cummins Inc. | −$124M |
| GE GE Aerospaceexit | −$105M |
| T AT&T Inc. | −$94M |
| ROK Rockwell Automation, Inc. | −$42M |
| DIS The Walt Disney Company | −$39M |
| NVDA NVIDIA Corporation | −$35M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.37B | 149 | +26.09% | +17.59% | +8.50% | -1.17B |
| 2025-12-31 | $4.41B | 153 | +25.58% | +17.72% | +7.86% | -0.29B |
| 2025-09-30 | $4.30B | 168 | +18.20% | +17.52% | +0.68% | -0.57B |
| 2025-06-30 | $4.80B | 298 | +23.80% | +14.94% | +8.85% | -2.48B |
| 2025-03-31 | $6.59B | 403 | +14.91% | +8.30% | +6.61% | -1.13B |
| 2024-12-31 | $7.55B | 411 | +25.00% | +24.89% | +0.11% | -3.76B |
| 2024-09-30 | $10.98B | 405 | +39.46% | +36.04% | +3.42% | +0.25B |
| 2024-06-30 | $10.09B | 434 | +22.93% | +24.49% | -1.56% | -0.96B |
| 2024-03-31 | $10.78B | 462 | +34.99% | +29.62% | +5.37% | -0.26B |
| 2023-12-31 | $9.92B | 475 | +31.55% | +26.18% | +5.38% | -0.57B |
| 2023-09-30 | $9.13B | 479 | +23.36% | +21.57% | +1.80% | +0.24B |
| 2023-06-30 | $9.48B | 487 | +27.10% | +19.42% | +7.67% | -1.18B |
| 2023-03-31 | $9.47B | 480 | -7.63% | -7.82% | +0.19% | -0.53B |
| 2022-12-31 | $9.21B | 482 | +7.79% | +7.56% | +0.22% | +1.77B |
| 2022-09-30 | $6.91B | 472 | -3.42% | -4.93% | +1.51% | +0.25B |
| 2022-06-30 | $6.90B | 448 | -18.18% | -16.11% | -2.07% | +0.39B |