Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+6.25%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.73%
baseline attrition
Rally response
+3.22%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SCHGSchwab U.S. Large-Cap Gr | $438M | 12.0% | — | 9.5 yr |
| SCHVSchwab U.S. Large-Cap Va | $312M | 8.6% | — | 9.5 yr |
| SCHFSchwab International Equ | $181M | 5.0% | — | 9.5 yr |
| SCHZSchwab U.S. Aggregate Bo | $179M | 4.9% | — | 9.5 yr |
| SCHDSchwab U.S. Dividend Equ | $169M | 4.6% | — | 9.5 yr |
| JPEFJPMorgan Equity Focus ET | $128M | 3.5% | — | 0.3 yr |
| JPIBJPMorgan International B | $116M | 3.2% | — | 8.0 yr |
| SPTLState Street SPDR Portfo | $113M | 3.1% | — | 2.0 yr |
| AVUVAvantis U.S. Small Cap V | $95M | 2.6% | — | 2.3 yr |
| AVEMAvantis Emerging Markets | $87M | 2.4% | — | 2.0 yr |
| CWIState Street SPDR MSCI A | $84M | 2.3% | — | 7.5 yr |
| JCPBJPMorgan Core Plus Bond | $79M | 2.2% | — | 2.0 yr |
| MDYVState Street SPDR S&P 40 | $78M | 2.1% | — | 9.5 yr |
| JMUBJPMorgan Municipal ETF | $62M | 1.7% | — | 4.3 yr |
| MUBiShares National Muni Bo | $53M | 1.4% | — | 8.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management73.2%+1.2pp$2.66B
Asset Management - Bonds9.6%-0.7pp$350M
Drug Manufacturers - General1.7%-0.1pp$63M
Semiconductors1.4%+0.3pp$53M
Consumer Electronics1.0%-0.0pp$38M
Oil & Gas Integrated0.8%+0.1pp$31M
Banks - Diversified0.7%-0.0pp$27M
Software - Infrastructure0.7%+0.0pp$26M
Unknown0.7%+0.6pp$25M
Asset Management - Income0.7%-0.1pp$25M
Country
US99.0%-0.6pp
Unknown0.7%+0.6pp
GB0.1%-0.0pp
IE0.1%-0.0pp
CA0.1%+0.0pp
SG0.0%+0.0pp
TW0.0%+0.0pp
CH0.0%-0.0pp
Top 5: 35.1% · Top 10: 49.9% · Top 25: 70.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $15M | -0.00B | -0.6% |
Top buys this quarter · 15
| COP ConocoPhillips | +$4M |
| MSFT Microsoft Corporation | +$19M |
| XOM Exxon Mobil Corporation | +$2M |
| GE GE Aerospace | +$1M |
| GEV GE Vernova Inc. | +$1M |
| DE Deere & Company | +$1M |
| ABBV AbbVie Inc. | +$1M |
| RTX RTX Corporation | +$1M |
| NFLX Netflix, Inc. | +$0M |
| AMZN Amazon.com, Inc. | +$11M |
Top sells this quarter · 15
| BLK BlackRock, Inc. | −$4M |
| PEP PepsiCo, Inc. | −$3M |
| LMT Lockheed Martin Corporation | −$9M |
| MRK Merck & Co., Inc. | −$12M |
| F-PD Ford Motor Company 6.500% Note | −$1M |
| JNJ Johnson & Johnson | −$10M |
| TGT Target Corporation | −$1M |
| ADM Archer-Daniels-Midland Company | −$1M |
| SLDE Slide Insurance Holdings, Inc. | −$1M |
| VLO Valero Energy Corporation | −$7M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.64B | 435 | +18.91% | +17.59% | +1.32% | -0.04B |
| 2025-12-31 | $3.58B | 437 | +14.86% | +17.72% | -2.86% | +0.02B |
| 2025-09-30 | $3.49B | 438 | +12.23% | +17.52% | -5.29% | +0.10B |
| 2025-06-30 | $3.15B | 447 | +12.47% | +14.94% | -2.48% | +0.18B |
| 2025-03-31 | $2.82B | 431 | +8.24% | +8.30% | -0.06% | +0.07B |
| 2024-12-31 | $2.77B | 430 | +17.14% | +24.89% | -7.74% | -0.00B |
| 2024-09-30 | $2.79B | 443 | +27.96% | +36.04% | -8.07% | -0.56B |
| 2024-06-30 | $3.11B | 471 | +15.06% | +24.49% | -9.43% | -0.02B |
| 2024-03-31 | $3.09B | 465 | +20.06% | +29.62% | -9.56% | +0.26B |
| 2023-12-31 | $2.62B | 372 | +17.14% | +26.18% | -9.04% | +0.02B |
| 2023-09-30 | $2.39B | 362 | -1.07% | +21.57% | -22.63% | -0.05B |
| 2023-06-30 | $2.52B | 371 | -14.22% | +19.42% | -33.64% | -0.09B |
| 2023-03-31 | $2.46B | 376 | -50.01% | -7.82% | -42.19% | -0.10B |
| 2022-12-31 | $2.43B | 366 | -54.57% | -18.17% | -36.40% | +0.47B |
| 2022-09-30 | $2.13B | 346 | -45.12% | -15.51% | -29.62% | +0.25B |
| 2022-06-30 | $2.25B | 342 | -34.30% | -10.62% | -23.68% | +0.75B |