Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-9.18%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.41%
baseline attrition
Rally response
-3.01%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $392M | 6.0% | — | 4.8 yr |
| CAMLCongress Large Cap Growt | $320M | 4.9% | — | 2.5 yr |
| USSESegall Bryant & Hamill S | $293M | 4.5% | — | 2.5 yr |
| IEFAiShares Core MSCI EAFE E | $234M | 3.6% | — | 4.8 yr |
| BUSABrandes U.S. Value ETF | $207M | 3.2% | — | 2.5 yr |
| AGGiShares Core U.S. Aggreg | $197M | 3.0% | — | 6.3 yr |
| CSMDCongress SMID Growth ETF | $191M | 2.9% | — | 2.5 yr |
| TLTiShares 20+ Year Treasur | $183M | 2.8% | — | 4.5 yr |
| IVOOVanguard S&P Mid-Cap 400 | $173M | 2.6% | — | 2.0 yr |
| BINVBrandes International ET | $170M | 2.6% | — | 2.5 yr |
| FLIAFranklin International A | $136M | 2.1% | — | 2.5 yr |
| BSMCBrandes U.S. Small-Mid C | $119M | 1.8% | — | 2.5 yr |
| NVDANVIDIA Corporation | $115M | 1.7% | +60.9% | 6.3 yr |
| AAPLApple Inc. | $104M | 1.6% | +14.7% | 6.3 yr |
| FLCOFranklin Investment Grad | $98M | 1.5% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management49.0%+11.7pp$3.22B
Asset Management - Bonds7.3%-0.0pp$480M
Semiconductors3.8%+2.0pp$251M
Unknown3.6%-0.7pp$236M
Software - Infrastructure2.2%-1.0pp$143M
Internet Content & Information2.1%+0.6pp$139M
Specialty Retail1.7%-0.9pp$113M
Consumer Electronics1.7%+0.2pp$109M
Drug Manufacturers - General1.6%-0.8pp$106M
Industrial - Machinery1.4%+0.1pp$94M
Country
US88.9%+0.5pp
Unknown3.6%-0.7pp
GB1.6%+0.5pp
IE0.9%-0.8pp
JP0.6%+0.2pp
CH0.6%+0.2pp
TW0.4%+0.4pp
FR0.4%-0.1pp
Top 5: 22.0% · Top 10: 36.0% · Top 25: 55.2%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$24M |
| AAPL Apple Inc. | +$18M |
| META Meta Platforms, Inc. | +$16M |
| TSM Taiwan Semiconductor Manufactu | +$10M |
| PANW Palo Alto Networks, Inc. | +$7M |
| ETN Eaton Corporation plc | +$7M |
| AZN AstraZeneca PLCnew | +$5M |
| GWW W.W. Grainger, Inc. | +$5M |
| KMB Kimberly-Clark Corporation | +$5M |
| DAL Delta Air Lines, Inc. | +$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $6.56B | 2443 | +9.05% | +17.59% | -8.54% | +0.03B |
| 2025-12-31 | $6.79B | 2400 | +8.75% | +17.72% | -8.96% | +0.15B |
| 2025-09-30 | $6.60B | 2307 | +8.97% | +17.52% | -8.55% | +0.11B |
| 2025-06-30 | $6.18B | 2165 | +10.34% | +14.94% | -4.60% | +0.08B |
| 2025-03-31 | $5.69B | 1650 | +1.45% | +8.30% | -6.86% | +0.18B |
| 2024-12-31 | $5.74B | 1078 | +15.26% | +24.89% | -9.63% | +0.06B |
| 2024-09-30 | $5.63B | 1059 | +28.20% | +36.04% | -7.84% | +0.11B |
| 2024-06-30 | $5.20B | 1047 | +16.07% | +24.49% | -8.42% | +0.13B |
| 2024-03-31 | $5.13B | 1182 | +25.35% | +29.62% | -4.27% | +0.14B |
| 2023-12-31 | $4.58B | 1119 | +23.12% | +26.18% | -3.06% | +0.17B |
| 2023-09-30 | $3.94B | 1108 | +16.78% | +21.57% | -4.79% | +0.10B |
| 2023-06-30 | $3.99B | 1076 | +15.41% | +19.42% | -4.01% | +0.08B |
| 2023-03-31 | $3.67B | 1100 | -9.21% | -7.82% | -1.39% | +0.12B |
| 2022-12-31 | $3.31B | 1071 | -19.13% | -18.17% | -0.95% | +0.23B |
| 2022-09-30 | $2.90B | 1064 | -15.52% | -15.51% | -0.01% | +0.08B |
| 2022-06-30 | $2.97B | 1037 | -10.61% | -10.62% | +0.01% | +0.12B |