Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.12%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.89%
steady accumulation
Rally response
+0.17%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $549M | 6.8% | — | 10.3 yr |
| MSFTMicrosoft Corporation | $502M | 6.2% | -0.6% | 10.3 yr |
| DFAIDimensional - Internatio | $435M | 5.4% | — | 1.0 yr |
| VTVVanguard Value ETF | $352M | 4.3% | — | 10.3 yr |
| VUGVanguard Growth ETF | $272M | 3.4% | — | 10.3 yr |
| HEFAiShares Currency Hedged | $252M | 3.1% | — | 10.3 yr |
| VOOVanguard S&P 500 ETF | $233M | 2.9% | — | 8.5 yr |
| QUALiShares MSCI USA Quality | $213M | 2.6% | — | 2.5 yr |
| AAPLApple Inc. | $183M | 2.3% | +14.7% | 10.3 yr |
| REGLProShares - S&P MidCap 4 | $175M | 2.2% | — | 3.8 yr |
| VEAVanguard FTSE Developed | $165M | 2.0% | — | 8.3 yr |
| DFLVDimensional - US Large C | $164M | 2.0% | — | 1.0 yr |
| STIPiShares 0-5 Year TIPS Bo | $150M | 1.9% | — | 7.3 yr |
| DFAEDimensional - Emerging C | $146M | 1.8% | — | 1.0 yr |
| NVDANVIDIA Corporation | $145M | 1.8% | +60.9% | 9.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management60.6%+7.7pp$4.92B
Software - Infrastructure6.7%+1.7pp$540M
Semiconductors4.1%+1.2pp$336M
Asset Management - Bonds2.5%-3.3pp$207M
Consumer Electronics2.3%-0.1pp$184M
Internet Content & Information2.0%+0.3pp$165M
Specialty Retail2.0%+0.0pp$161M
Drug Manufacturers - General1.5%-0.1pp$123M
Insurance - Diversified1.2%+0.4pp$100M
Asset Management - Leveraged1.0%-0.5pp$80M
Country
US98.5%+0.5pp
GB0.3%-0.1pp
IE0.3%-0.3pp
Unknown0.1%-0.1pp
CA0.1%+0.0pp
TW0.1%+0.1pp
CH0.1%-0.0pp
NL0.1%+0.0pp
Top 5: 26.0% · Top 10: 39.0% · Top 25: 60.8%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $71M | +0.04B | 60.9% |
| GOOG | $19M | +0.02B | 84.3% |
| AAPL | $110M | +0.02B | 14.7% |
| AMZN | $70M | +0.01B | 9.5% |
| SPY | $16M | +0.00B | 17.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $205M | -0.00B | -0.6% |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $8.12B | 1191 | +15.81% | +17.59% | -1.78% | +0.72B |
| 2025-12-31 | $7.76B | 1159 | +14.85% | +17.72% | -2.87% | +0.18B |
| 2025-09-30 | $7.42B | 1213 | +13.47% | +17.52% | -4.05% | +0.88B |
| 2025-06-30 | $6.11B | 1103 | +11.20% | +14.94% | -3.74% | +0.90B |
| 2025-03-31 | $4.69B | 3526 | +2.53% | +8.30% | -5.77% | +0.26B |
| 2024-12-31 | $4.69B | 1061 | +17.48% | +24.89% | -7.40% | +0.02B |
| 2024-09-30 | $4.62B | 1079 | +31.38% | +36.04% | -4.66% | +0.31B |
| 2024-06-30 | $4.10B | 984 | +19.27% | +24.49% | -5.22% | +0.07B |
| 2024-03-31 | $3.94B | 997 | +27.21% | +29.62% | -2.42% | +0.07B |
| 2023-12-31 | $3.57B | 939 | +27.26% | +26.18% | +1.08% | +0.12B |
| 2023-09-30 | $3.06B | 798 | +15.84% | +21.57% | -5.72% | +0.05B |
| 2023-06-30 | $3.15B | 820 | +3.78% | +5.38% | -1.60% | -0.09B |
| 2023-03-31 | $2.97B | 827 | -9.33% | -7.51% | -1.82% | +0.02B |
| 2022-12-31 | $2.73B | 806 | -7.04% | -4.41% | -2.63% | +0.10B |
| 2022-06-30 | $2.56B | 763 | -8.96% | -10.62% | +1.67% | +0.08B |
| 2022-03-31 | $2.90B | 768 | +15.45% | +15.45% | -0.00% | -0.14B |