Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.90%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.35%
baseline attrition
Rally response
-0.51%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| RPVInvesco S&P 500 Pure Val | $21M | 8.4% | — | 3.0 yr |
| SPDWState Street SPDR Portfo | $21M | 8.4% | — | 3.0 yr |
| AVLVAvantis U.S. Large Cap V | $18M | 7.2% | — | 2.0 yr |
| GMOIGMO International Value | $16M | 6.5% | — | 0.5 yr |
| AVESAvantis Emerging Markets | $11M | 4.4% | — | 3.0 yr |
| VIGVanguard Dividend Apprec | $11M | 4.4% | — | 3.0 yr |
| AVDVAvantis International Sm | $10M | 4.0% | — | 3.0 yr |
| IBMInternational Business M | $10M | 3.9% | -0.1% | 3.0 yr |
| IWFiShares Russell 1000 Gro | $9M | 3.7% | — | 3.0 yr |
| JHMBJohn Hancock Investments | $9M | 3.7% | — | 3.0 yr |
| CMDTPIMCO Commodity Strategy | $9M | 3.5% | — | 2.0 yr |
| JIGJPMorgan International G | $7M | 2.9% | — | 0.5 yr |
| SPIBState Street SPDR Portfo | $7M | 2.9% | — | 3.0 yr |
| AVUVAvantis U.S. Small Cap V | $7M | 2.7% | — | 2.0 yr |
| SPHQInvesco S&P 500 Quality | $7M | 2.7% | — | 3.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management75.3%+21.1pp$188M
Asset Management - Bonds4.7%-0.9pp$12M
Information Technology Services3.9%-2.9pp$10M
Banks - Regional3.5%-1.8pp$9M
Oil & Gas Integrated1.2%-0.3pp$3M
Software - Infrastructure1.2%-1.0pp$3M
Drug Manufacturers - General0.9%-0.7pp$2M
Asset Management - Income0.8%-5.6pp$2M
Consumer Electronics0.7%-0.7pp$2M
Banks - Diversified0.6%-0.4pp$2M
Country
US99.6%+0.2pp
IE0.2%-0.1pp
CH0.2%-0.1pp
Top 5: 34.9% · Top 10: 54.5% · Top 25: 83.1%
Top buys this quarter · 15
| FDX FedEx Corporationnew | +$0M |
| LLY Eli Lilly and Company | +$0M |
| FDBC Fidelity D & D Bancorp, Inc. | +$0M |
| XOM Exxon Mobil Corporation | +$0M |
| JNJ Johnson & Johnson | +$0M |
| CVX Chevron Corporation | +$0M |
| KO The Coca-Cola Company | +$0M |
| HON Honeywell International Inc. | +$0M |
| ABBV AbbVie Inc. | +$0M |
| PG The Procter & Gamble Company | +$0M |
Top sells this quarter · 15
| AVGO Broadcom Inc. | −$2M |
| GLW Corning Incorporated | −$0M |
| COST Costco Wholesale Corporationexit | −$0M |
| BAC Bank of America Corporationexit | −$0M |
| ORCL Oracle Corporationexit | −$0M |
| GOOG Alphabet Inc. | −$0M |
| MA Mastercard Incorporated | −$0M |
| JPM JPMorgan Chase & Co. | −$0M |
| PGR The Progressive Corporation | −$0M |
| CSCO Cisco Systems, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $249M | 106 | +13.22% | +17.59% | -4.37% | +0.02B |
| 2025-12-31 | $232M | 106 | +16.44% | +17.72% | -1.28% | +0.05B |
| 2025-09-30 | $181M | 107 | +15.82% | +17.52% | -1.70% | +0.01B |
| 2025-06-30 | $163M | 108 | +25.06% | +14.94% | +10.12% | -0.00B |
| 2025-03-31 | $152M | 101 | +12.59% | +8.30% | +4.29% | +0.00B |
| 2024-12-31 | $150M | 110 | +19.08% | +24.89% | -5.81% | -0.00B |
| 2024-09-30 | $150M | 108 | +33.20% | +36.04% | -2.84% | +0.00B |
| 2024-06-30 | $132M | 104 | +22.72% | +24.49% | -1.77% | -0.00B |
| 2024-03-31 | $133M | 103 | +5.85% | +10.39% | -4.54% | -0.00B |
| 2023-12-31 | $129M | 104 | +13.30% | +11.64% | +1.66% | +0.02B |
| 2023-09-30 | $97M | 96 | +2.85% | -3.22% | +6.08% | -0.04B |
| 2023-03-31 | $133M | 103 | — | — | — | — |