Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.34%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.60%
baseline attrition
Rally response
-4.09%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $38M | 10.8% | +14.7% | 6.5 yr |
| IVViShares Core S&P 500 ETF | $30M | 8.5% | — | 6.3 yr |
| MSFTMicrosoft Corporation | $29M | 8.2% | -0.6% | 6.5 yr |
| JPIEJPMorgan Income ETF | $21M | 6.1% | — | 2.8 yr |
| FNDXSchwab Fundamental U.S. | $19M | 5.4% | — | 2.5 yr |
| BINCiShares Flexible Income | $19M | 5.3% | — | 1.8 yr |
| AMZNAmazon.com, Inc. | $18M | 5.2% | +9.5% | 6.5 yr |
| NVDANVIDIA Corporation | $14M | 4.0% | +60.9% | 5.5 yr |
| FNDFSchwab Fundamental Inter | $14M | 3.9% | — | 3.3 yr |
| MGKVanguard Mega Cap Growth | $11M | 3.2% | — | 2.8 yr |
| JNJJohnson & Johnson | $10M | 3.0% | +51.5% | 6.5 yr |
| VOOVanguard S&P 500 ETF | $10M | 2.9% | — | 4.0 yr |
| IJHiShares Core S&P Mid-Cap | $8M | 2.3% | — | 6.3 yr |
| GOOGLAlphabet Inc. | $6M | 1.8% | — | 6.5 yr |
| SMHVanEck Semiconductor ETF | $5M | 1.5% | — | 4.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management47.7%+10.8pp$166M
Consumer Electronics10.8%-2.5pp$38M
Software - Infrastructure8.4%-3.9pp$29M
Asset Management - Income7.3%-1.9pp$25M
Specialty Retail5.2%-3.2pp$18M
Semiconductors5.0%-0.2pp$17M
Drug Manufacturers - General4.2%+2.5pp$15M
Internet Content & Information2.6%+0.0pp$9M
Construction Materials1.2%-0.2pp$4M
Auto - Manufacturers1.0%+0.4pp$3M
Country
US99.9%-0.1pp
Unknown0.1%
Top 5: 39.1% · Top 10: 60.7% · Top 25: 81.8%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $12M | +0.01B | 60.9% |
| AAPL | $36M | +0.01B | 14.7% |
| AMZN | $23M | +0.00B | 9.5% |
| TSLA | $2M | +0.00B | 43.4% |
| VMC | $4M | +0.00B | 17.5% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $33M | -0.00B | -0.6% |
Top buys this quarter · 15
| XOM Exxon Mobil Corporation | +$1M |
| JPM JPMorgan Chase & Co. | +$0M |
| TSLA Tesla, Inc. | +$3M |
| AVGO Broadcom Inc. | +$0M |
| NVDA NVIDIA Corporation | +$14M |
| GS The Goldman Sachs Group, Inc. | +$0M |
| WMT Walmart Inc. | +$0M |
| AMD Advanced Micro Devices, Inc. | +$0M |
| MSFT Microsoft Corporation | +$29M |
| EPD Enterprise Products Partners L | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $349M | 111 | +17.45% | +17.59% | -0.14% | +0.02B |
| 2025-12-31 | $365M | 113 | +15.81% | +17.72% | -1.91% | +0.01B |
| 2025-09-30 | $344M | 108 | +18.97% | +17.52% | +1.45% | -0.00B |
| 2025-06-30 | $313M | 107 | +10.50% | +14.94% | -4.44% | +0.00B |
| 2025-03-31 | $272M | 99 | +5.72% | +8.30% | -2.58% | +0.01B |
| 2024-12-31 | $292M | 100 | +24.59% | +24.89% | -0.30% | -0.00B |
| 2024-09-30 | $278M | 98 | +36.66% | +36.04% | +0.63% | +0.01B |
| 2024-06-30 | $260M | 87 | +25.41% | +24.49% | +0.92% | -0.01B |
| 2024-03-31 | $243M | 85 | +34.12% | +29.62% | +4.49% | -0.02B |
| 2023-12-31 | $252M | 90 | +47.77% | +26.18% | +21.59% | -0.03B |
| 2023-09-30 | $241M | 91 | +21.87% | +21.57% | +0.30% | +0.02B |
| 2023-06-30 | $233M | 88 | +27.68% | +19.42% | +8.25% | -0.01B |
| 2023-03-31 | $207M | 86 | -10.39% | -7.82% | -2.57% | -0.01B |
| 2022-12-31 | $190M | 90 | -5.02% | +7.56% | -12.58% | +0.02B |
| 2022-09-30 | $181M | 80 | -1.39% | -4.93% | +3.54% | -0.01B |
| 2022-06-30 | $189M | 81 | -17.99% | -16.11% | -1.88% | -0.00B |