Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.24%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.69%
baseline attrition
Rally response
+1.16%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| FTCSFirst Trust Capital Stre | $38M | 2.8% | — | 3.8 yr |
| CGUSCapital Group Core Equit | $36M | 2.6% | — | 0.5 yr |
| CDCVictoryShares US EQ Inco | $33M | 2.4% | — | 4.3 yr |
| AAPLApple Inc. | $29M | 2.1% | +14.7% | 4.3 yr |
| CGDVCapital Group Dividend V | $28M | 2.0% | — | 4.0 yr |
| NVDANVIDIA Corporation | $22M | 1.6% | +60.9% | 4.3 yr |
| XHLFBondBloxx Bloomberg Six | $19M | 1.4% | — | 3.0 yr |
| PVALPutnam Focused Large Cap | $19M | 1.4% | — | 1.8 yr |
| RDVYFirst Trust Rising Divid | $18M | 1.4% | — | 4.3 yr |
| FBNDFidelity Total Bond ETF | $18M | 1.4% | — | 3.3 yr |
| VTIVanguard Total Stock Mar | $18M | 1.3% | — | 4.3 yr |
| JAAAJanus Henderson AAA CLO | $17M | 1.2% | — | 3.8 yr |
| FEXFirst Trust Large Cap Co | $16M | 1.2% | — | 4.3 yr |
| PTLInspire 500 ETF | $16M | 1.2% | — | 1.8 yr |
| OUNZVanEck Merk Gold ETF | $15M | 1.1% | — | 4.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management56.0%-6.5pp$763M
Asset Management - Bonds6.6%+0.5pp$90M
Asset Management - Income6.5%-0.5pp$89M
Semiconductors4.1%+1.4pp$56M
Consumer Electronics2.1%+0.1pp$29M
Asset Management - Global1.6%+0.3pp$22M
Software - Infrastructure1.4%+0.0pp$19M
Internet Content & Information1.4%+0.3pp$19M
Unknown1.2%+0.7pp$17M
Specialty Retail1.1%+0.0pp$15M
Country
US96.5%-2.0pp
Unknown1.2%+0.7pp
TW0.6%+0.2pp
CA0.6%+0.4pp
BM0.3%+0.2pp
GB0.1%-0.0pp
IE0.1%+0.1pp
JP0.1%+0.0pp
Top 5: 12.0% · Top 10: 19.2% · Top 25: 34.4%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| CAT | $8M | +0.01B | 117.8% |
| NVDA | $13M | +0.01B | 60.9% |
| AAPL | $21M | +0.00B | 14.7% |
| SPY | $8M | +0.00B | 17.6% |
| AMZN | $11M | +0.00B | 9.5% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $9M | -0.00B | -0.6% |
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$2M |
| LMT Lockheed Martin Corporation | +$1M |
| RTX RTX Corporation | +$1M |
| LRCX Lam Research Corporation | +$1M |
| COP ConocoPhillips | +$1M |
| NKE NIKE, Inc. | +$1M |
| LNG Cheniere Energy, Inc.new | +$1M |
| NDAQ Nasdaq, Inc.new | +$1M |
| MLI Mueller Industries, Inc.new | +$0M |
| LASR nLIGHT, Inc.new | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.36B | 775 | +28.61% | +17.59% | +11.02% | -0.11B |
| 2025-12-31 | $1.48B | 803 | +22.36% | +17.72% | +4.64% | +0.11B |
| 2025-09-30 | $1.33B | 747 | +22.72% | +17.52% | +5.20% | -0.00B |
| 2025-06-30 | $1.20B | 690 | +18.53% | +14.94% | +3.59% | -0.01B |
| 2025-03-31 | $1.07B | 653 | +8.94% | +8.30% | +0.64% | +0.06B |
| 2024-12-31 | $1.07B | 623 | +25.24% | +24.89% | +0.35% | +0.10B |
| 2024-09-30 | $941M | 542 | +33.07% | +36.04% | -2.97% | +0.23B |
| 2024-06-30 | $665M | 486 | +20.22% | +24.49% | -4.27% | -0.01B |
| 2024-03-31 | $651M | 476 | +27.13% | +29.62% | -2.49% | -0.16B |
| 2023-12-31 | $741M | 487 | +28.22% | +26.18% | +2.04% | +0.21B |
| 2023-09-30 | $489M | 508 | +26.48% | +21.57% | +4.92% | -0.11B |
| 2023-06-30 | $619M | 421 | +23.96% | +19.42% | +4.54% | -0.05B |
| 2023-03-31 | $608M | 394 | -3.36% | -7.82% | +4.46% | +0.02B |
| 2022-12-31 | $532M | 301 | +7.64% | +7.56% | +0.08% | -0.01B |
| 2022-09-30 | $503M | 481 | -4.70% | -4.93% | +0.23% | +0.08B |
| 2022-06-30 | $442M | 273 | -14.22% | -16.11% | +1.89% | +0.02B |