Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.58%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.18%
baseline attrition
Rally response
-4.05%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BRK-BBerkshire Hathaway Inc. | $34M | 6.3% | — | 10.5 yr |
| GOOGLAlphabet Inc. | $32M | 5.8% | — | 7.3 yr |
| AAPLApple Inc. | $30M | 5.5% | +14.7% | 10.0 yr |
| MSFTMicrosoft Corporation | $26M | 4.8% | -0.6% | 10.5 yr |
| XOMExxon Mobil Corporation | $22M | 4.0% | +47.6% | 10.5 yr |
| BACBank of America Corporat | $21M | 3.8% | +19.4% | 5.8 yr |
| PGRThe Progressive Corporat | $20M | 3.7% | -25.5% | 6.3 yr |
| MTBASimplify MBS ETF | $19M | 3.4% | — | 1.5 yr |
| JJacobs Solutions Inc. | $18M | 3.2% | +7.4% | 3.8 yr |
| DUHPDimensional - US High Pr | $16M | 3.0% | — | 4.0 yr |
| BHRBBurke & Herbert Financia | $16M | 3.0% | +15.1% | 3.0 yr |
| MKLMarkel Corporation | $16M | 2.9% | +2.4% | 10.5 yr |
| WRBW. R. Berkley Corporatio | $15M | 2.8% | -4.4% | 3.0 yr |
| AMZNAmazon.com, Inc. | $15M | 2.8% | +9.5% | 7.3 yr |
| HUBBHubbell Incorporated | $15M | 2.8% | +50.1% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management19.6%+8.0pp$107M
Insurance - Property & Casualty9.4%-2.4pp$51M
Software - Infrastructure7.3%-1.2pp$40M
Insurance - Diversified6.3%-1.1pp$34M
Internet Content & Information6.0%+1.6pp$33M
Consumer Electronics5.5%+0.3pp$30M
Banks - Diversified5.4%-0.3pp$30M
Oil & Gas Integrated4.7%+0.9pp$25M
Engineering & Construction3.2%-0.1pp$18M
Drug Manufacturers - General3.1%+2.5pp$17M
Country
US96.7%+3.4pp
IE1.9%-0.2pp
DK1.3%-1.2pp
TW0.0%
Top 5: 26.3% · Top 10: 43.5% · Top 25: 81.3%
Top buys this quarter · 15
| AVGO Broadcom Inc.new | +$13M |
| ZTS Zoetis Inc. | +$4M |
| ADBE Adobe Inc. | +$13M |
| AMZN Amazon.com, Inc. | +$2M |
| MSFT Microsoft Corporation | +$26M |
| ACN Accenture plc | +$10M |
| MA Mastercard Incorporated | +$0M |
| MCD McDonald's Corporation | +$0M |
| UNP Union Pacific Corporation | +$0M |
| RSG Republic Services, Inc. | +$0M |
Top sells this quarter · 15
| SBUX Starbucks Corporation | −$14M |
| DEO Diageo plcexit | −$7M |
| BAC Bank of America Corporation | −$6M |
| AAPL Apple Inc. | −$0M |
| SPY State Street SPDR S&P 500 ETF | −$0M |
| J Jacobs Solutions Inc. | −$0M |
| VRSN VeriSign, Inc. | −$0M |
| VLO Valero Energy Corporation | −$9M |
| RTX RTX Corporationexit | −$0M |
| HUBB Hubbell Incorporated | −$14M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $544M | 97 | -1.09% | +17.59% | -18.68% | -0.00B |
| 2025-12-31 | $583M | 98 | +4.60% | +17.72% | -13.11% | +0.00B |
| 2025-09-30 | $578M | 97 | +3.82% | +17.52% | -13.70% | +0.02B |
| 2025-06-30 | $548M | 92 | +9.11% | +14.94% | -5.83% | +0.00B |
| 2025-03-31 | $524M | 92 | +3.59% | +8.30% | -4.71% | +0.00B |
| 2024-12-31 | $530M | 93 | +13.04% | +24.89% | -11.85% | +0.00B |
| 2024-09-30 | $528M | 89 | +24.48% | +36.04% | -11.55% | +0.01B |
| 2024-06-30 | $489M | 87 | +13.94% | +24.49% | -10.55% | +0.00B |
| 2024-03-31 | $494M | 82 | +19.33% | +29.62% | -10.29% | -0.00B |
| 2023-12-31 | $459M | 83 | +14.60% | +26.18% | -11.57% | -0.01B |
| 2023-09-30 | $426M | 79 | +13.04% | +21.57% | -8.53% | +0.01B |
| 2023-06-30 | $426M | 77 | +7.68% | +19.42% | -11.74% | +0.03B |
| 2023-03-31 | $385M | 70 | -10.31% | -7.82% | -2.49% | -0.02B |
| 2022-12-31 | $387M | 69 | -17.35% | -18.17% | +0.83% | -0.01B |
| 2022-09-30 | $368M | 68 | -15.32% | -15.51% | +0.18% | +0.01B |
| 2022-06-30 | $386M | 72 | -8.45% | -10.62% | +2.17% | +0.02B |