Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.34%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.67%
steady accumulation
Rally response
-2.37%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $7.58B | 8.0% | +60.9% | 5.3 yr |
| MSFTMicrosoft Corporation | $5.60B | 5.9% | -0.6% | 5.3 yr |
| AAPLApple Inc. | $4.93B | 5.2% | +14.7% | 5.3 yr |
| AVGOBroadcom Inc. | $3.85B | 4.0% | +86.0% | 5.3 yr |
| AMZNAmazon.com, Inc. | $3.32B | 3.5% | +9.5% | 5.3 yr |
| GOOGAlphabet Inc. | $2.91B | 3.1% | +84.3% | 5.3 yr |
| GOOGLAlphabet Inc. | $2.74B | 2.9% | — | 5.3 yr |
| METAMeta Platforms, Inc. | $1.77B | 1.9% | -0.4% | 5.3 yr |
| LLYEli Lilly and Company | $1.49B | 1.6% | +12.2% | 5.3 yr |
| JPMJPMorgan Chase & Co. | $1.36B | 1.4% | +21.8% | 5.3 yr |
| ADIAnalog Devices, Inc. | $1.12B | 1.2% | +60.2% | 5.3 yr |
| CCitigroup Inc. | $1.10B | 1.2% | +63.9% | 5.3 yr |
| AMATApplied Materials, Inc. | $970M | 1.0% | +137.6% | 5.3 yr |
| KLACKLA Corporation | $939M | 1.0% | +118.2% | 5.3 yr |
| PLDPrologis, Inc. | $912M | 1.0% | +22.3% | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors19.3%+5.6pp$18.38B
Software - Infrastructure9.2%-0.6pp$8.71B
Internet Content & Information8.7%+1.2pp$8.25B
Drug Manufacturers - General5.5%+0.7pp$5.27B
Consumer Electronics5.2%-0.5pp$4.95B
Specialty Retail4.3%-0.3pp$4.05B
Banks - Diversified3.4%+0.3pp$3.23B
Software - Application3.2%-2.1pp$3.01B
Industrial - Machinery2.6%+0.6pp$2.47B
Financial - Credit Services2.0%-0.6pp$1.94B
Country
US94.0%+0.7pp
IE1.4%-0.9pp
GB1.3%+0.5pp
LU0.8%+0.0pp
TW0.5%+0.2pp
BM0.4%+0.0pp
Unknown0.3%-0.3pp
SG0.3%+0.3pp
Top 5: 26.6% · Top 10: 37.4% · Top 25: 51.1%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$487M |
| AAPL Apple Inc. | +$352M |
| PLTR Palantir Technologies Inc. | +$247M |
| HD The Home Depot, Inc. | +$206M |
| LITE Lumentum Holdings Inc. | +$192M |
| CBRE CBRE Group, Inc. | +$190M |
| AMD Advanced Micro Devices, Inc. | +$186M |
| NET Cloudflare, Inc. | +$167M |
| JNJ Johnson & Johnson | +$153M |
| NVDA NVIDIA Corporation | +$7.58B |
Top sells this quarter · 15
| MU Micron Technology, Inc. | −$421M |
| ROP Roper Technologies, Inc. | −$373M |
| KEYS Keysight Technologies, Inc. | −$254M |
| MELI MercadoLibre, Inc. | −$247M |
| MA Mastercard Incorporated | −$245M |
| CRM Salesforce, Inc. | −$195M |
| META Meta Platforms, Inc. | −$186M |
| KLAC KLA Corporation | −$928M |
| TSEM Tower Semiconductor Ltd. | −$179M |
| EA Electronic Arts Inc. | −$164M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $95.12B | 682 | +20.25% | +17.59% | +2.66% | -2.17B |
| 2025-12-31 | $103.34B | 679 | +18.95% | +17.72% | +1.23% | +2.05B |
| 2025-09-30 | $98.62B | 668 | +18.26% | +17.52% | +0.74% | +2.21B |
| 2025-06-30 | $88.95B | 667 | +14.88% | +14.94% | -0.06% | +2.77B |
| 2025-03-31 | $75.10B | 692 | +1.33% | +8.30% | -6.98% | -0.61B |
| 2024-12-31 | $81.31B | 691 | +17.83% | +24.89% | -7.06% | +1.15B |
| 2024-09-30 | $78.51B | 686 | +29.35% | +36.04% | -6.68% | -0.26B |
| 2024-06-30 | $74.81B | 696 | +16.99% | +24.49% | -7.50% | +3.11B |
| 2024-03-31 | $70.85B | 705 | +25.24% | +29.62% | -4.38% | +4.12B |
| 2023-12-31 | $61.61B | 697 | +24.60% | +26.18% | -1.58% | +0.29B |
| 2023-09-30 | $54.71B | 699 | +19.18% | +21.57% | -2.39% | +0.74B |
| 2023-06-30 | $56.68B | 699 | +18.79% | +19.42% | -0.64% | +1.92B |
| 2023-03-31 | $50.54B | 709 | -7.05% | -7.82% | +0.76% | +1.64B |
| 2022-12-31 | $45.39B | 709 | +7.22% | +7.56% | -0.35% | +0.45B |
| 2022-09-30 | $41.91B | 733 | -5.08% | -4.93% | -0.16% | -0.13B |
| 2022-06-30 | $44.29B | 740 | -15.22% | -16.11% | +0.89% | -1.43B |