Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.84%
adds when stocks drop
when a holding falls −10%+
Middle response
-6.11%
baseline attrition
Rally response
+4.05%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VUGVanguard Growth ETF | $432M | 8.8% | — | 10.5 yr |
| GSLCGoldman Sachs ActiveBeta | $388M | 7.9% | — | 8.3 yr |
| FNDXSchwab Fundamental U.S. | $235M | 4.8% | — | 3.3 yr |
| TOTLState Street DoubleLine | $224M | 4.6% | — | 8.0 yr |
| IGMiShares Expanded Tech Se | $220M | 4.5% | — | 10.3 yr |
| GLDMSPDR Gold MiniShares Tru | $218M | 4.4% | — | 0.3 yr |
| EFViShares MSCI EAFE Value | $162M | 3.3% | — | 1.8 yr |
| AVESAvantis Emerging Markets | $155M | 3.1% | — | 0.3 yr |
| AMZNAmazon.com, Inc. | $101M | 2.1% | +9.5% | 10.5 yr |
| CGGRCapital Group Growth ETF | $100M | 2.0% | — | 3.5 yr |
| GOOGLAlphabet Inc. | $98M | 2.0% | — | 10.5 yr |
| GMOIGMO International Value | $96M | 1.9% | — | 0.3 yr |
| XLFState Street Financial S | $91M | 1.8% | — | 8.8 yr |
| AAPLApple Inc. | $89M | 1.8% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $89M | 1.8% | -0.6% | 10.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management68.8%+4.4pp$3.39B
Internet Content & Information3.6%+0.2pp$180M
Semiconductors2.4%+0.7pp$116M
Specialty Retail2.1%-1.4pp$103M
Software - Infrastructure2.0%-0.9pp$98M
Consumer Electronics1.8%-0.8pp$89M
Medical - Distribution1.8%+0.8pp$88M
Asset Management - Bonds1.8%+0.8pp$87M
Financial - Credit Services1.5%-0.6pp$74M
Discount Stores1.3%+0.4pp$64M
Country
US99.3%+0.0pp
Unknown0.3%+0.1pp
IE0.1%+0.0pp
GB0.1%+0.0pp
CA0.1%-0.1pp
TW0.0%+0.0pp
NL0.0%+0.0pp
FR0.0%+0.0pp
Top 5: 30.4% · Top 10: 45.4% · Top 25: 67.6%
Top buys this quarter · 15
| ODFL Old Dominion Freight Line, Incnew | +$52M |
| C Citigroup Inc. | +$47M |
| MCK McKesson Corporation | +$37M |
| HOOD Robinhood Markets, Inc. | +$27M |
| WMT Walmart Inc. | +$17M |
| VST Vistra Corp. | +$17M |
| ACM Aecomnew | +$9M |
| RKLB Rocket Lab USA, Inc.new | +$7M |
| META Meta Platforms, Inc. | +$73M |
| KO The Coca-Cola Company | +$4M |
Top sells this quarter · 15
| MU Micron Technology, Inc. | −$122M |
| UBER Uber Technologies, Inc. | −$53M |
| CRM Salesforce, Inc. | −$46M |
| ANET Arista Networks, Inc. | −$26M |
| COIN Coinbase Global, Inc. | −$22M |
| LLY Eli Lilly and Company | −$14M |
| VRT Vertiv Holdings Co | −$13M |
| RGLD Royal Gold, Inc. | −$13M |
| TMO Thermo Fisher Scientific Inc. | −$9M |
| KKR KKR & Co. Inc. | −$9M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.93B | 643 | +18.22% | +17.59% | +0.63% | +0.18B |
| 2025-12-31 | $4.95B | 603 | +18.58% | +17.72% | +0.87% | +0.10B |
| 2025-09-30 | $4.68B | 595 | +17.84% | +17.52% | +0.33% | +0.07B |
| 2025-06-30 | $4.33B | 574 | +16.78% | +14.94% | +1.84% | +0.10B |
| 2025-03-31 | $3.79B | 546 | +6.15% | +8.30% | -2.15% | -0.05B |
| 2024-12-31 | $3.99B | 536 | +22.65% | +24.89% | -2.24% | -0.48B |
| 2024-09-30 | $4.33B | 520 | +29.33% | +36.04% | -6.71% | +0.12B |
| 2024-06-30 | $4.00B | 502 | +18.22% | +24.49% | -6.27% | +0.41B |
| 2024-03-31 | $3.54B | 176 | +23.47% | +29.62% | -6.15% | -0.24B |
| 2023-12-31 | $3.40B | 184 | +16.30% | +26.18% | -9.88% | +0.18B |
| 2023-09-30 | $2.96B | 172 | +16.90% | +21.57% | -4.67% | +0.05B |
| 2023-06-30 | $3.02B | 174 | +19.37% | +19.42% | -0.06% | -0.00B |
| 2023-03-31 | $2.85B | 174 | -4.18% | -7.82% | +3.64% | -0.06B |
| 2022-12-31 | $2.78B | 180 | -12.72% | -18.17% | +5.46% | +0.45B |
| 2022-09-30 | $2.13B | 161 | -11.35% | -15.51% | +4.15% | +0.18B |
| 2022-06-30 | $1.98B | 168 | -9.49% | -10.62% | +1.13% | +0.13B |