Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.62%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.02%
steady accumulation
Rally response
-0.32%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BRK-BBerkshire Hathaway Inc. | $531M | 32.7% | — | 10.5 yr |
| — | $198M | 12.2% | — | 7.0 yr |
| BNBrookfield Corporation | $177M | 10.9% | +16.5% | 3.5 yr |
| MKLMarkel Corporation | $147M | 9.1% | +2.4% | 10.5 yr |
| — | $112M | 6.9% | — | 5.3 yr |
| FCNCAFirst Citizens BancShare | $83M | 5.1% | — | 3.0 yr |
| SIRISirius XM Holdings Inc. | $68M | 4.2% | +7.6% | 1.8 yr |
| LKQLKQ Corporation | $56M | 3.5% | -28.4% | 9.3 yr |
| AMZNAmazon.com, Inc. | $43M | 2.6% | +9.5% | 7.3 yr |
| DISThe Walt Disney Company | $42M | 2.6% | -1.3% | 10.5 yr |
| HSYThe Hershey Company | $40M | 2.5% | +25.3% | 2.3 yr |
| — | $34M | 2.1% | — | 9.3 yr |
| — | $28M | 1.7% | — | 0.5 yr |
| BRK-ABerkshire Hathaway Inc. | $21M | 1.3% | — | 10.5 yr |
| — | $13M | 0.8% | — | 6.0 yr |
Portfolio composition (YoY)
Industry mix
Insurance - Diversified34.0%-4.2pp$552M
Unknown24.4%+6.2pp$396M
Asset Management11.0%+0.7pp$178M
Insurance - Property & Casualty9.1%-0.5pp$148M
Entertainment6.8%+2.3pp$110M
Banks - Regional5.1%+1.0pp$83M
Auto - Parts3.5%-1.0pp$56M
Specialty Retail2.6%+2.6pp$43M
Food Confectioners2.5%+0.4pp$40M
Consumer Electronics0.4%-0.0pp$6M
Country
US64.7%-2.7pp
Unknown24.4%+6.2pp
CA11.0%-3.5pp
Top 5: 71.9% · Top 10: 89.9% · Top 25: 99.4%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.62B | 49 | -1.83% | +17.59% | -19.42% | +0.06B |
| 2025-12-31 | $1.67B | 50 | +6.24% | +17.72% | -11.47% | +0.06B |
| 2025-09-30 | $1.58B | 50 | +7.72% | +17.52% | -9.80% | +0.10B |
| 2025-06-30 | $1.52B | 49 | +16.59% | +14.94% | +1.65% | -0.10B |
| 2025-03-31 | $1.54B | 50 | +7.14% | +8.30% | -1.17% | +0.01B |
| 2024-12-31 | $1.51B | 53 | +15.45% | +24.89% | -9.43% | +0.06B |
| 2024-09-30 | $1.40B | 50 | +16.60% | +36.04% | -19.43% | -0.04B |
| 2024-06-30 | $1.37B | 49 | +7.63% | +24.49% | -16.86% | +0.05B |
| 2024-03-31 | $1.36B | 49 | +19.90% | +29.62% | -9.72% | -0.00B |
| 2023-12-31 | $1.25B | 45 | +10.07% | +26.18% | -16.10% | +0.01B |
| 2023-09-30 | $1.19B | 45 | +15.04% | +21.57% | -6.53% | +0.02B |
| 2023-06-30 | $1.19B | 40 | +4.92% | +19.42% | -14.51% | +0.02B |
| 2023-03-31 | $1.09B | 41 | -9.19% | -7.82% | -1.37% | +0.10B |
| 2022-12-31 | $986M | 38 | +9.37% | +7.56% | +1.81% | -0.03B |
| 2022-09-30 | $927M | 39 | -10.87% | -4.93% | -5.94% | +0.03B |
| 2022-06-30 | $1.01B | 41 | -7.09% | -16.11% | +9.02% | -0.16B |