Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.25%
trims when stocks drop
when a holding falls −10%+
Middle response
+4.68%
steady accumulation
Rally response
+1.10%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $244M | 19.9% | — | 6.0 yr |
| IEFAiShares Core MSCI EAFE E | $68M | 5.6% | — | 8.8 yr |
| NVDANVIDIA Corporation | $35M | 2.8% | +60.9% | 8.8 yr |
| VEAVanguard FTSE Developed | $35M | 2.8% | — | 8.3 yr |
| HCAHCA Healthcare, Inc. | $34M | 2.8% | +37.9% | 10.5 yr |
| AAPLApple Inc. | $33M | 2.7% | +14.7% | 10.5 yr |
| IWRiShares Russell Mid-Cap | $27M | 2.2% | — | 0.3 yr |
| MSFTMicrosoft Corporation | $26M | 2.2% | -0.6% | 10.5 yr |
| VLUEiShares MSCI USA Value F | $25M | 2.0% | — | 7.8 yr |
| IJHiShares Core S&P Mid-Cap | $19M | 1.6% | — | 4.0 yr |
| VOVanguard Mid-Cap ETF | $19M | 1.5% | — | 4.3 yr |
| AVGOBroadcom Inc. | $18M | 1.5% | +86.0% | 8.0 yr |
| QQQInvesco QQQ Trust, Serie | $17M | 1.4% | — | 7.8 yr |
| PWRQuanta Services, Inc. | $16M | 1.3% | +116.2% | 7.8 yr |
| GOOGAlphabet Inc. | $15M | 1.2% | +84.3% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management42.4%-0.8pp$520M
Semiconductors7.7%+2.8pp$94M
Drug Manufacturers - General3.4%+0.1pp$42M
Internet Content & Information3.2%+0.7pp$39M
Software - Infrastructure2.9%-0.5pp$36M
Medical - Care Facilities2.8%+0.8pp$35M
Consumer Electronics2.8%-0.1pp$34M
Banks - Diversified2.2%-0.1pp$27M
Oil & Gas Integrated2.0%+0.4pp$24M
Financial - Credit Services1.7%-0.6pp$21M
Country
US95.7%-0.5pp
GB0.7%+0.2pp
NL0.6%+0.1pp
IE0.5%-0.1pp
FR0.4%+0.0pp
JP0.3%-0.0pp
Unknown0.3%+0.2pp
TW0.3%+0.1pp
Top 5: 33.9% · Top 10: 44.5% · Top 25: 60.6%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$2M |
| OBDC Blue Owl Capital Corporation | +$2M |
| NVDA NVIDIA Corporation | +$35M |
| AAPL Apple Inc. | +$33M |
| HCA HCA Healthcare, Inc. | +$1M |
| TRGP Targa Resources Corp.new | +$1M |
| AVGO Broadcom Inc. | +$18M |
| AMZN Amazon.com, Inc. | +$15M |
| TSLA Tesla, Inc. | +$7M |
| ET Energy Transfer LPnew | +$1M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$1M |
| MSFT Microsoft Corporation | −$1M |
| AEIS Advanced Energy Industries, In | −$0M |
| PNFP Pinnacle Financial Partners, Iexit | −$1M |
| CLX The Clorox Companyexit | −$0M |
| BBVA Banco Bilbao Vizcaya Argentari | −$0M |
| ETN Eaton Corporation plc | −$0M |
| TXN Texas Instruments Incorporatedexit | −$0M |
| DEO Diageo plcexit | −$0M |
| ABT Abbott Laboratories | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.23B | 406 | +21.23% | +17.59% | +3.64% | +0.04B |
| 2025-12-31 | $1.21B | 389 | +19.48% | +17.72% | +1.76% | -0.04B |
| 2025-09-30 | $1.20B | 402 | +14.71% | +17.52% | -2.80% | -0.02B |
| 2025-06-30 | $1.13B | 400 | +12.54% | +14.94% | -2.40% | +0.01B |
| 2025-03-31 | $1.01B | 377 | +3.99% | +8.30% | -4.32% | +0.05B |
| 2024-12-31 | $986M | 387 | +17.56% | +24.89% | -7.32% | -0.01B |
| 2024-09-30 | $999M | 379 | +31.38% | +36.04% | -4.65% | +0.00B |
| 2024-06-30 | $940M | 377 | +19.35% | +24.49% | -5.14% | -0.01B |
| 2024-03-31 | $933M | 387 | +25.78% | +29.62% | -3.85% | -0.01B |
| 2023-12-31 | $862M | 380 | +20.55% | +26.18% | -5.62% | -0.01B |
| 2023-09-30 | $784M | 366 | +18.03% | +21.57% | -3.54% | -0.01B |
| 2023-06-30 | $825M | 387 | +17.54% | +19.42% | -1.88% | -0.01B |
| 2023-03-31 | $781M | 389 | -5.94% | -7.82% | +1.87% | +0.02B |
| 2022-12-31 | $721M | 377 | -14.69% | -18.17% | +3.49% | +0.02B |
| 2022-09-30 | $649M | 366 | -12.84% | -15.51% | +2.66% | -0.01B |
| 2022-06-30 | $692M | 383 | -8.58% | -10.62% | +2.05% | +0.01B |