Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-16.59%
trims when stocks drop
when a holding falls −10%+
Middle response
-7.76%
baseline attrition
Rally response
-6.75%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $110M | 12.1% | +60.9% | 10.0 yr |
| BRK-ABerkshire Hathaway Inc. | $85M | 9.4% | — | 10.0 yr |
| FLOTiShares Floating Rate Bo | $72M | 7.9% | — | 6.3 yr |
| AAPLApple Inc. | $55M | 6.1% | +14.7% | 10.5 yr |
| VRTVertiv Holdings Co | $48M | 5.3% | +247.5% | 2.3 yr |
| GOOGLAlphabet Inc. | $39M | 4.3% | — | 10.5 yr |
| GLWCorning Incorporated | $37M | 4.1% | +201.5% | 1.0 yr |
| MRVLMarvell Technology, Inc. | $36M | 3.9% | +61.3% | 4.5 yr |
| AMZNAmazon.com, Inc. | $30M | 3.3% | +9.5% | 9.0 yr |
| NETCloudflare, Inc. | $25M | 2.7% | +83.1% | 3.5 yr |
| MSFTMicrosoft Corporation | $24M | 2.7% | -0.6% | 10.5 yr |
| AMDAdvanced Micro Devices, | $23M | 2.6% | +98.0% | 7.5 yr |
| WMTWalmart Inc. | $23M | 2.5% | +42.8% | 10.5 yr |
| METAMeta Platforms, Inc. | $18M | 2.0% | -0.4% | 9.8 yr |
| SCHJSchwab 1-5 Year Corporat | $16M | 1.7% | — | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors19.3%+2.1pp$176M
Asset Management - Bonds10.8%+1.6pp$98M
Insurance - Diversified10.6%-4.3pp$96M
Software - Infrastructure7.3%-3.1pp$66M
Internet Content & Information6.7%-1.6pp$61M
Consumer Electronics6.1%-1.4pp$55M
Electrical Equipment & Parts5.3%+2.8pp$48M
Hardware, Equipment & Parts4.1%$37M
Discount Stores3.5%+0.1pp$32M
Specialty Retail3.5%-0.8pp$32M
Country
US97.9%-0.3pp
CA1.0%+0.3pp
IE0.7%+0.1pp
GB0.3%-0.0pp
IL0.0%
Top 5: 40.7% · Top 10: 59.1% · Top 25: 84.0%
Top buys this quarter · 15
| DELL Dell Technologies Inc. | +$6M |
| VST Vistra Corp. | +$5M |
| SHOP Shopify Inc. | +$3M |
| NVDA NVIDIA Corporation | +$110M |
| C Citigroup Inc. | +$1M |
| AVGO Broadcom Inc. | +$1M |
| LLY Eli Lilly and Company | +$13M |
| ENB Enbridge Inc. | +$1M |
| SNPS Synopsys, Inc. | +$1M |
| CEG Constellation Energy Corporati | +$1M |
Top sells this quarter · 15
| SOFI SoFi Technologies, Inc.exit | −$8M |
| NOW ServiceNow, Inc. | −$5M |
| HOOD Robinhood Markets, Inc. | −$3M |
| PANW Palo Alto Networks, Inc. | −$3M |
| BLK BlackRock, Inc. | −$2M |
| GLW Corning Incorporated | −$25M |
| CRWD CrowdStrike Holdings, Inc. | −$1M |
| ZG Zillow Group, Inc. Class A | −$1M |
| UBER Uber Technologies, Inc. | −$1M |
| AON Aon plcexit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $909M | 112 | +40.65% | +17.59% | +23.06% | -0.01B |
| 2025-12-31 | $925M | 109 | +24.50% | +17.72% | +6.78% | -0.05B |
| 2025-09-30 | $964M | 114 | +32.30% | +17.52% | +14.79% | -0.01B |
| 2025-06-30 | $881M | 104 | +23.67% | +14.94% | +8.73% | -0.06B |
| 2025-03-31 | $750M | 101 | +0.11% | +8.30% | -8.19% | -0.02B |
| 2024-12-31 | $871M | 96 | +23.55% | +24.89% | -1.33% | +0.01B |
| 2024-09-30 | $802M | 101 | +34.92% | +36.04% | -1.12% | +0.03B |
| 2024-06-30 | $744M | 104 | +19.54% | +24.49% | -4.95% | +0.17B |
| 2024-03-31 | $566M | 408 | +28.14% | +29.62% | -1.48% | -0.11B |
| 2023-12-31 | $618M | 108 | +32.29% | +26.18% | +6.11% | -0.04B |
| 2023-09-30 | $557M | 105 | +4.80% | +21.57% | -16.77% | +0.02B |
| 2023-06-30 | $587M | 115 | +13.59% | +19.42% | -5.83% | +0.04B |
| 2023-03-31 | $501M | 107 | -16.70% | -7.82% | -8.88% | +0.01B |
| 2022-12-31 | $440M | 108 | -6.99% | +7.56% | -14.55% | +0.33B |
| 2022-09-30 | $120M | 146 | -0.30% | -4.93% | +4.63% | -0.55B |
| 2022-06-30 | $674M | 111 | -20.05% | -16.11% | -3.94% | +0.04B |