Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-12.60%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.24%
baseline attrition
Rally response
-1.72%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BRESBurney U.S. Equity Selec | $571M | 17.8% | — | 0.3 yr |
| BRNYBurney U.S. Factor Rotat | $339M | 10.6% | — | 3.5 yr |
| AAPLApple Inc. | $91M | 2.8% | +14.7% | 10.5 yr |
| VGITVanguard Intermediate-Te | $82M | 2.6% | — | 3.8 yr |
| GOOGLAlphabet Inc. | $69M | 2.1% | — | 8.5 yr |
| NVDANVIDIA Corporation | $61M | 1.9% | +60.9% | 7.0 yr |
| LRCXLam Research Corporation | $50M | 1.6% | +196.1% | 1.5 yr |
| METAMeta Platforms, Inc. | $44M | 1.4% | -0.4% | 10.5 yr |
| PHParker-Hannifin Corporat | $42M | 1.3% | +48.6% | 10.5 yr |
| DFICDimensional - Internatio | $34M | 1.1% | — | 4.0 yr |
| MCKMcKesson Corporation | $34M | 1.1% | +29.1% | 10.5 yr |
| AVGOBroadcom Inc. | $32M | 1.0% | +86.0% | 7.0 yr |
| MSFTMicrosoft Corporation | $31M | 1.0% | -0.6% | 10.5 yr |
| ANETArista Networks, Inc. | $29M | 0.9% | +58.5% | 1.5 yr |
| EXPEExpedia Group, Inc. | $28M | 0.9% | +38.5% | 4.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management35.6%+19.6pp$1.14B
Semiconductors7.5%+1.6pp$240M
Internet Content & Information3.6%+0.4pp$115M
Consumer Electronics2.9%-0.5pp$93M
Industrial - Machinery2.7%+0.3pp$86M
Aerospace & Defense2.6%+0.1pp$83M
Software - Infrastructure2.2%-3.2pp$72M
Specialty Retail1.9%-1.2pp$62M
Medical - Distribution1.9%-0.9pp$61M
Drug Manufacturers - General1.6%-0.6pp$51M
Country
US97.2%+1.3pp
CA0.8%-0.1pp
IE0.8%-0.0pp
PA0.2%
GB0.2%-0.3pp
Unknown0.2%+0.1pp
SG0.1%+0.1pp
BM0.1%-1.0pp
Top 5: 36.0% · Top 10: 43.2% · Top 25: 55.3%
Top buys this quarter · 15
| EXPE Expedia Group, Inc. | +$18M |
| STT State Street Corporation | +$13M |
| CRUS Cirrus Logic, Inc. | +$11M |
| SWKS Skyworks Solutions, Inc. | +$8M |
| GS The Goldman Sachs Group, Inc. | +$7M |
| OMCL Omnicell, Inc.new | +$7M |
| INCY Incyte Corporation | +$7M |
| CPA Copa Holdings, S.A. | +$6M |
| WTFC Wintrust Financial Corporation | +$5M |
| PCG PG&E Corporationnew | +$4M |
Top sells this quarter · 15
| MSFT Microsoft Corporation | −$29M |
| AMZN Amazon.com, Inc. | −$25M |
| AAPL Apple Inc. | −$21M |
| LRCX Lam Research Corporation | −$20M |
| AVGO Broadcom Inc. | −$18M |
| ANET Arista Networks, Inc. | −$17M |
| NFLX Netflix, Inc. | −$15M |
| MCK McKesson Corporation | −$15M |
| NVDA NVIDIA Corporation | −$12M |
| 0HQN.L Cboe Global Markets, Inc. | −$11M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.20B | 577 | +17.37% | +17.59% | -0.22% | +0.03B |
| 2025-12-31 | $3.21B | 607 | +16.25% | +17.72% | -1.47% | +0.03B |
| 2025-09-30 | $3.14B | 583 | +16.40% | +17.52% | -1.12% | -0.04B |
| 2025-06-30 | $2.95B | 572 | +18.01% | +14.94% | +3.07% | -0.04B |
| 2025-03-31 | $2.75B | 568 | +7.12% | +8.30% | -1.18% | -0.02B |
| 2024-12-31 | $2.83B | 579 | +20.92% | +24.89% | -3.97% | -0.02B |
| 2024-09-30 | $2.81B | 596 | +33.50% | +36.04% | -2.54% | -0.05B |
| 2024-06-30 | $2.62B | 592 | +18.14% | +24.49% | -6.35% | +0.02B |
| 2024-03-31 | $2.62B | 594 | +28.43% | +29.62% | -1.19% | +0.00B |
| 2023-12-31 | $2.37B | 577 | +20.98% | +26.18% | -5.20% | -0.01B |
| 2023-09-30 | $2.13B | 561 | +20.32% | +21.57% | -1.25% | +0.02B |
| 2023-06-30 | $2.18B | 570 | +19.74% | +19.42% | +0.31% | -0.00B |
| 2023-03-31 | $2.03B | 558 | -1.73% | -7.82% | +6.09% | -0.01B |
| 2022-12-31 | $1.96B | 542 | -9.82% | -18.17% | +8.36% | -0.04B |
| 2022-09-30 | $1.80B | 543 | -9.90% | -15.51% | +5.61% | -0.02B |
| 2022-06-30 | $1.88B | 540 | -5.83% | -10.62% | +4.79% | -0.02B |