Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-12.27%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.55%
steady accumulation
Rally response
-12.58%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $4.06B | 7.2% | +60.9% | 10.5 yr |
| KEYKeyCorp | $3.27B | 5.8% | +31.0% | 10.5 yr |
| AAPLApple Inc. | $2.82B | 5.0% | +14.7% | 10.5 yr |
| RYRoyal Bank of Canada | $2.06B | 3.6% | +48.2% | 10.5 yr |
| MSFTMicrosoft Corporation | $1.77B | 3.1% | -0.6% | 10.5 yr |
| AMZNAmazon.com, Inc. | $1.72B | 3.0% | +9.5% | 10.5 yr |
| AVGOBroadcom Inc. | $1.38B | 2.4% | +86.0% | 7.8 yr |
| GOOGLAlphabet Inc. | $1.31B | 2.3% | — | 10.5 yr |
| IVViShares Core S&P 500 ETF | $1.21B | 2.1% | — | 10.5 yr |
| CMCanadian Imperial Bank o | $1.20B | 2.1% | +73.0% | 10.5 yr |
| GOOGAlphabet Inc. | $1.19B | 2.1% | +84.3% | 10.5 yr |
| TDThe Toronto-Dominion Ban | $1.17B | 2.1% | +60.9% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $844M | 1.5% | +21.8% | 10.5 yr |
| BMOBank of Montreal | $681M | 1.2% | +47.5% | 10.3 yr |
| METAMeta Platforms, Inc. | $648M | 1.1% | -0.4% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors12.4%+3.2pp$6.99B
Banks - Diversified12.1%-1.5pp$6.83B
Asset Management9.6%+0.8pp$5.42B
Banks - Regional6.0%-0.0pp$3.39B
Internet Content & Information5.7%+1.0pp$3.20B
Consumer Electronics5.0%-0.6pp$2.82B
Software - Infrastructure4.9%-1.0pp$2.76B
Specialty Retail3.5%+1.3pp$1.97B
Telecommunications Services2.1%-0.6pp$1.21B
Drug Manufacturers - General2.1%+0.1pp$1.18B
Country
US75.6%+7.4pp
CA21.7%-6.7pp
Unknown1.0%-0.6pp
BR0.4%+0.4pp
PE0.4%-0.3pp
BM0.3%-0.0pp
IE0.2%+0.0pp
GB0.1%-0.1pp
Top 5: 24.7% · Top 10: 36.8% · Top 25: 53.3%
Top buys this quarter · 15
| AMZN Amazon.com, Inc. | +$558M |
| AAPL Apple Inc. | +$534M |
| WMT Walmart Inc. | +$419M |
| JPM JPMorgan Chase & Co. | +$263M |
| AMAT Applied Materials, Inc. | +$243M |
| NU Nu Holdings Ltd. | +$207M |
| HD The Home Depot, Inc. | +$124M |
| AKAM Akamai Technologies, Inc. | +$117M |
| HON Honeywell International Inc. | +$115M |
| CNQ Canadian Natural Resources Lim | +$106M |
Top sells this quarter · 15
| MU Micron Technology, Inc. | −$769M |
| TD The Toronto-Dominion Bank | −$646M |
| META Meta Platforms, Inc. | −$564M |
| AVGO Broadcom Inc. | −$473M |
| MSFT Microsoft Corporation | −$426M |
| RY Royal Bank of Canada | −$400M |
| KLAC KLA Corporation | −$336M |
| TXN Texas Instruments Incorporated | −$253M |
| GE GE Aerospace | −$214M |
| WDC Western Digital Corporation | −$207M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $56.56B | 993 | +30.36% | +17.59% | +12.76% | -8.48B |
| 2025-12-31 | $67.13B | 1007 | +27.72% | +17.72% | +10.01% | +7.76B |
| 2025-09-30 | $56.03B | 949 | +22.71% | +17.52% | +5.20% | +2.14B |
| 2025-06-30 | $48.66B | 921 | +19.44% | +14.94% | +4.49% | -1.95B |
| 2025-03-31 | $44.14B | 919 | +5.33% | +8.30% | -2.97% | -9.72B |
| 2024-12-31 | $56.72B | 939 | +17.93% | +24.89% | -6.96% | +6.85B |
| 2024-09-30 | $48.99B | 911 | +30.75% | +36.04% | -5.29% | -4.49B |
| 2024-06-30 | $49.61B | 914 | +16.09% | +24.49% | -8.40% | -0.10B |
| 2024-03-31 | $49.17B | 943 | +19.68% | +29.62% | -9.94% | -6.74B |
| 2023-12-31 | $52.60B | 933 | +17.96% | +26.18% | -8.22% | +10.61B |
| 2023-09-30 | $37.20B | 953 | +11.42% | +21.57% | -10.15% | +1.40B |
| 2023-06-30 | $37.41B | 973 | +8.89% | +19.42% | -10.53% | +3.03B |
| 2023-03-31 | $32.98B | 1074 | -10.70% | -7.82% | -2.89% | -6.85B |
| 2022-12-31 | $38.01B | 1101 | -18.70% | -18.17% | -0.53% | +5.17B |
| 2022-09-30 | $30.81B | 1091 | -15.29% | -15.51% | +0.21% | -7.86B |
| 2022-06-30 | $41.34B | 1104 | -8.92% | -10.62% | +1.70% | -8.08B |