Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.30%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.36%
baseline attrition
Rally response
-1.05%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| EFSCEnterprise Financial Ser | $18M | 9.1% | +3.0% | 10.5 yr |
| AAPLApple Inc. | $12M | 6.2% | +14.7% | 10.5 yr |
| PEPPepsiCo, Inc. | $11M | 5.3% | +7.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $10M | 5.1% | -0.6% | 10.5 yr |
| GOOGLAlphabet Inc. | $7M | 3.7% | — | 10.5 yr |
| BRK-ABerkshire Hathaway Inc. | $7M | 3.6% | — | 7.3 yr |
| NVDANVIDIA Corporation | $7M | 3.4% | +60.9% | 10.5 yr |
| AMZNAmazon.com, Inc. | $5M | 2.6% | +9.5% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $5M | 2.3% | +21.8% | 10.5 yr |
| METAMeta Platforms, Inc. | $4M | 2.0% | -0.4% | 10.5 yr |
| XOMExxon Mobil Corporation | $4M | 1.9% | +47.6% | 10.5 yr |
| YUMYum! Brands, Inc. | $3M | 1.7% | +0.7% | 10.5 yr |
| WMTWalmart Inc. | $3M | 1.5% | +42.8% | 10.5 yr |
| MAMastercard Incorporated | $3M | 1.4% | -8.5% | 10.5 yr |
| AVGOBroadcom Inc. | $3M | 1.4% | +86.0% | 8.0 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional10.2%-1.8pp$20M
Semiconductors9.9%+5.8pp$19M
Internet Content & Information7.0%+1.8pp$14M
Software - Infrastructure6.6%-0.6pp$13M
Consumer Electronics6.2%+0.3pp$12M
Drug Manufacturers - General6.0%+0.7pp$12M
Beverages - Non-Alcoholic5.7%-0.8pp$11M
Insurance - Diversified4.9%-1.4pp$10M
Banks - Diversified3.7%+0.0pp$7M
Restaurants3.6%-0.7pp$7M
Country
US94.3%-1.1pp
IE1.8%-0.6pp
TW0.9%+0.5pp
CN0.7%-0.1pp
GB0.5%+0.3pp
CH0.4%+0.3pp
DE0.4%+0.0pp
NL0.2%
Top 5: 29.4% · Top 10: 43.2% · Top 25: 62.0%
Top buys this quarter · 15
| MU Micron Technology, Inc. | +$1M |
| AMAT Applied Materials, Inc. | +$1M |
| XOM Exxon Mobil Corporation | +$1M |
| MSFT Microsoft Corporation | +$10M |
| AAPL Apple Inc. | +$12M |
| NVDA NVIDIA Corporation | +$7M |
| CSCO Cisco Systems, Inc. | +$0M |
| AZN AstraZeneca PLCnew | +$0M |
| IBM International Business Machine | +$0M |
| TXN Texas Instruments Incorporated | +$0M |
Top sells this quarter · 15
| GILD Gilead Sciences, Inc. | −$1M |
| DE Deere & Company | −$0M |
| AMZN Amazon.com, Inc. | −$0M |
| WFC Wells Fargo & Companyexit | −$0M |
| V Visa Inc. | −$0M |
| CRM Salesforce, Inc.exit | −$0M |
| NEE NextEra Energy, Inc. | −$2M |
| ETN Eaton Corporation plc | −$0M |
| AFG American Financial Group, Inc.exit | −$0M |
| OMF OneMain Holdings, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $197M | 167 | +11.72% | +17.59% | -5.87% | +0.00B |
| 2025-12-31 | $197M | 164 | +11.19% | +17.72% | -6.53% | +0.00B |
| 2025-09-30 | $194M | 158 | +12.16% | +17.52% | -5.36% | -0.01B |
| 2025-06-30 | $187M | 161 | +15.57% | +14.94% | +0.63% | +0.01B |
| 2025-03-31 | $169M | 146 | +9.66% | +8.30% | +1.36% | -0.01B |
| 2024-12-31 | $180M | 151 | +19.16% | +24.89% | -5.73% | +0.01B |
| 2024-09-30 | $172M | 149 | +29.12% | +36.04% | -6.92% | -0.01B |
| 2024-06-30 | $162M | 155 | +12.35% | +24.49% | -12.14% | -0.00B |
| 2024-03-31 | $166M | 161 | +16.06% | +29.62% | -13.56% | -0.01B |
| 2023-12-31 | $164M | 168 | +12.69% | +26.18% | -13.49% | +0.00B |
| 2023-09-30 | $145M | 155 | +13.43% | +21.57% | -8.14% | -0.01B |
| 2023-06-30 | $157M | 161 | +14.01% | +19.42% | -5.42% | -0.00B |
| 2023-03-31 | $153M | 159 | -1.80% | -7.82% | +6.01% | +0.00B |
| 2022-12-31 | $145M | 152 | -9.01% | -18.17% | +9.16% | -0.00B |
| 2022-09-30 | $134M | 144 | -8.85% | -15.51% | +6.66% | -0.36B |
| 2022-06-30 | $513M | 286 | -4.52% | -10.62% | +6.10% | -0.03B |