Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.88%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.29%
baseline attrition
Rally response
-1.34%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $8M | 5.7% | +14.7% | 10.3 yr |
| XLKState Street Technology | $6M | 3.9% | — | 10.0 yr |
| MSFTMicrosoft Corporation | $6M | 3.8% | -0.6% | 8.5 yr |
| GOOGLAlphabet Inc. | $5M | 3.3% | — | 5.3 yr |
| XLCState Street Communicati | $4M | 2.8% | — | 7.0 yr |
| GSThe Goldman Sachs Group, | $4M | 2.8% | +58.1% | 6.3 yr |
| SMHVanEck Semiconductor ETF | $4M | 2.7% | — | 6.0 yr |
| SPYState Street SPDR S&P 50 | $4M | 2.7% | +17.6% | 10.3 yr |
| JPMJPMorgan Chase & Co. | $4M | 2.5% | +21.8% | 8.5 yr |
| CATCaterpillar Inc. | $3M | 2.3% | +117.8% | 6.5 yr |
| ABBVAbbVie Inc. | $3M | 2.3% | +7.3% | 10.3 yr |
| NEENextEra Energy, Inc. | $3M | 2.2% | +34.9% | 10.5 yr |
| HDThe Home Depot, Inc. | $3M | 2.0% | -8.0% | 10.3 yr |
| VLOValero Energy Corporatio | $3M | 2.0% | +92.6% | 7.5 yr |
| RTXRTX Corporation | $3M | 1.9% | +48.1% | 6.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management26.5%+1.5pp$39M
Consumer Electronics5.7%-0.4pp$8M
Semiconductors5.5%+2.8pp$8M
Internet Content & Information5.4%+3.6pp$8M
Drug Manufacturers - General4.7%+1.7pp$7M
Software - Infrastructure3.8%-0.7pp$6M
Banks - Diversified3.8%+0.7pp$6M
Aerospace & Defense3.7%-0.0pp$6M
Regulated Electric3.6%-0.1pp$5M
Financial - Capital Markets2.8%+0.3pp$4M
Country
US96.6%-0.8pp
GB1.9%-0.0pp
TW1.5%+0.9pp
Top 5: 19.6% · Top 10: 32.6% · Top 25: 59.7%
Top buys this quarter · 15
| JNJ Johnson & Johnson | +$1M |
| AVGO Broadcom Inc. | +$1M |
| META Meta Platforms, Inc. | +$1M |
| GLW Corning Incorporated | +$1M |
| BLK BlackRock, Inc. | +$0M |
| AMZN Amazon.com, Inc. | +$0M |
| FDX FedEx Corporationnew | +$0M |
| VLO Valero Energy Corporation | +$0M |
| JPM JPMorgan Chase & Co. | +$4M |
| TSM Taiwan Semiconductor Manufactu | +$0M |
Top sells this quarter · 15
| COST Costco Wholesale Corporation | −$3M |
| XOM Exxon Mobil Corporation | −$2M |
| KMB Kimberly-Clark Corporation | −$2M |
| COP ConocoPhillips | −$1M |
| BSX Boston Scientific Corporationexit | −$0M |
| PGR The Progressive Corporation | −$0M |
| MS Morgan Stanleyexit | −$0M |
| CMI Cummins Inc.exit | −$0M |
| IBM International Business Machineexit | −$0M |
| UNH UnitedHealth Group Incorporateexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $148M | 106 | +13.86% | +17.59% | -3.73% | -0.02B |
| 2025-12-31 | $161M | 121 | +12.49% | +17.72% | -5.23% | +0.01B |
| 2025-09-30 | $154M | 103 | +10.31% | +17.52% | -7.21% | -0.05B |
| 2025-06-30 | $188M | 107 | +10.81% | +14.94% | -4.14% | +0.01B |
| 2025-03-31 | $170M | 94 | +9.71% | +8.30% | +1.41% | -0.01B |
| 2024-12-31 | $178M | 93 | +16.58% | +24.89% | -8.31% | +0.01B |
| 2024-09-30 | $174M | 92 | +30.38% | +36.04% | -5.66% | +0.00B |
| 2024-06-30 | $157M | 76 | +15.99% | +24.49% | -8.50% | +0.00B |
| 2024-03-31 | $152M | 75 | +16.04% | +29.62% | -13.58% | -0.01B |
| 2023-12-31 | $149M | 81 | +11.15% | +26.18% | -15.03% | +0.00B |
| 2023-09-30 | $135M | 77 | +12.49% | +21.57% | -9.08% | -0.00B |
| 2023-06-30 | $141M | 80 | +11.37% | +19.42% | -8.05% | +0.00B |
| 2023-03-31 | $136M | 79 | -4.02% | -7.82% | +3.80% | +0.00B |
| 2022-12-31 | $131M | 79 | -10.41% | -18.17% | +7.77% | -0.00B |
| 2022-09-30 | $120M | 76 | -10.13% | -15.51% | +5.37% | -0.01B |
| 2022-06-30 | $134M | 76 | -5.51% | -10.62% | +5.11% | -0.01B |