Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.43%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.65%
baseline attrition
Rally response
-0.84%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $203M | 13.3% | — | 10.0 yr |
| IWRiShares Russell Mid-Cap | $83M | 5.5% | — | 10.3 yr |
| AAPLApple Inc. | $83M | 5.5% | +14.7% | 10.0 yr |
| GOOGLAlphabet Inc. | $53M | 3.5% | — | 10.3 yr |
| AMZNAmazon.com, Inc. | $51M | 3.4% | +9.5% | 10.0 yr |
| NVDANVIDIA Corporation | $50M | 3.3% | +60.9% | 7.0 yr |
| MSFTMicrosoft Corporation | $47M | 3.1% | -0.6% | 10.3 yr |
| VGITVanguard Intermediate-Te | $38M | 2.5% | — | 5.3 yr |
| IJRiShares Core S&P Small-C | $35M | 2.3% | — | 9.3 yr |
| VEUVanguard FTSE All-World | $33M | 2.2% | — | 9.0 yr |
| SCHDSchwab U.S. Dividend Equ | $31M | 2.0% | — | 3.8 yr |
| VCSHVanguard Short-Term Corp | $30M | 2.0% | — | 10.3 yr |
| AVGOBroadcom Inc. | $30M | 1.9% | +86.0% | 5.3 yr |
| JAAAJanus Henderson AAA CLO | $29M | 1.9% | — | 2.5 yr |
| JPMJPMorgan Chase & Co. | $27M | 1.8% | +21.8% | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management43.4%+4.5pp$660M
Semiconductors6.1%+1.3pp$93M
Consumer Electronics5.5%-0.2pp$83M
Internet Content & Information4.6%+0.6pp$71M
Specialty Retail3.7%-0.1pp$56M
Software - Infrastructure3.2%-2.2pp$48M
Banks - Diversified2.8%+1.1pp$43M
Asset Management - Bonds2.2%+0.0pp$34M
Aerospace & Defense2.2%+0.4pp$33M
Communication Equipment1.8%+1.1pp$27M
Country
US98.9%+0.5pp
IE0.9%-0.6pp
TW0.0%+0.0pp
CA0.0%+0.0pp
Unknown0.0%+0.0pp
GB0.0%+0.0pp
NL0.0%+0.0pp
IL0.0%+0.0pp
Top 5: 31.2% · Top 10: 44.6% · Top 25: 68.1%
Top buys this quarter · 15
| C Citigroup Inc. | +$15M |
| PEP PepsiCo, Inc. | +$12M |
| CSCO Cisco Systems, Inc. | +$4M |
| TXN Texas Instruments Incorporated | +$1M |
| SBUX Starbucks Corporation | +$1M |
| RSG Republic Services, Inc. | +$1M |
| LITE Lumentum Holdings Inc.new | +$1M |
| TGT Target Corporation | +$0M |
| CIEN Ciena Corporationnew | +$0M |
| MU Micron Technology, Inc. | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.52B | 731 | +15.17% | +17.59% | -2.42% | +0.02B |
| 2025-12-31 | $1.58B | 646 | +14.30% | +17.72% | -3.42% | -0.05B |
| 2025-09-30 | $1.63B | 648 | +16.83% | +17.52% | -0.69% | +0.00B |
| 2025-06-30 | $1.51B | 584 | +16.86% | +14.94% | +1.92% | -0.05B |
| 2025-03-31 | $1.39B | 606 | +7.59% | +8.30% | -0.71% | +0.04B |
| 2024-12-31 | $1.44B | 681 | +21.10% | +24.89% | -3.78% | -0.01B |
| 2024-09-30 | $1.42B | 509 | +32.49% | +36.04% | -3.55% | -0.02B |
| 2024-06-30 | $1.33B | 508 | +15.99% | +24.49% | -8.50% | -0.01B |
| 2024-03-31 | $1.29B | 501 | +20.00% | +29.62% | -9.62% | +0.01B |
| 2023-12-31 | $1.21B | 474 | +23.01% | +26.18% | -3.17% | +0.00B |
| 2023-09-30 | $1.08B | 477 | +16.94% | +21.57% | -4.63% | +0.00B |
| 2023-06-30 | $1.14B | 471 | +17.74% | +19.42% | -1.68% | -0.03B |
| 2023-03-31 | $1.09B | 445 | -6.60% | -7.82% | +1.22% | -0.03B |
| 2022-12-31 | $1.03B | 483 | -17.90% | -18.17% | +0.27% | +0.00B |
| 2022-09-30 | $968M | 430 | -14.33% | -15.51% | +1.18% | +0.01B |
| 2022-06-30 | $1.01B | 522 | -9.67% | -10.62% | +0.95% | +0.01B |