Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.47%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.81%
baseline attrition
Rally response
-0.87%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $22M | 6.1% | +17.6% | 10.5 yr |
| AAPLApple Inc. | $16M | 4.4% | +14.7% | 10.5 yr |
| BHRBBurke & Herbert Financia | $14M | 3.8% | +15.1% | 3.0 yr |
| MSFTMicrosoft Corporation | $13M | 3.6% | -0.6% | 10.5 yr |
| JNJJohnson & Johnson | $10M | 2.7% | +51.5% | 10.5 yr |
| XOMExxon Mobil Corporation | $10M | 2.7% | +47.6% | 10.5 yr |
| IJHiShares Core S&P Mid-Cap | $7M | 1.9% | — | 10.5 yr |
| IVViShares Core S&P 500 ETF | $7M | 1.9% | — | 10.0 yr |
| RSPInvesco S&P 500 Equal We | $6M | 1.7% | — | 2.0 yr |
| KOThe Coca-Cola Company | $6M | 1.6% | +9.3% | 10.5 yr |
| EFAiShares MSCI EAFE ETF | $6M | 1.5% | — | 10.5 yr |
| GOOGLAlphabet Inc. | $5M | 1.5% | — | 10.5 yr |
| WMTWalmart Inc. | $5M | 1.4% | +42.8% | 10.5 yr |
| ABBVAbbVie Inc. | $5M | 1.4% | +7.3% | 10.5 yr |
| LLYEli Lilly and Company | $5M | 1.3% | +12.2% | 3.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management35.1%-4.8pp$127M
Drug Manufacturers - General7.4%+1.1pp$27M
Consumer Electronics4.4%+0.9pp$16M
Banks - Regional4.4%+0.4pp$16M
Software - Infrastructure4.2%-0.1pp$15M
Oil & Gas Integrated4.1%+0.8pp$15M
Internet Content & Information2.5%+0.9pp$9M
Banks - Diversified2.5%+0.6pp$9M
Beverages - Non-Alcoholic2.4%+0.0pp$9M
Regulated Electric2.1%+0.4pp$7M
Country
US98.9%+0.1pp
CH0.4%+0.1pp
CA0.3%+0.0pp
IE0.2%+0.1pp
GB0.2%+0.0pp
Top 5: 20.6% · Top 10: 30.4% · Top 25: 49.2%
Top buys this quarter · 15
| PRU Prudential Financial, Inc.new | +$0M |
| PFE Pfizer Inc. | +$0M |
| GS The Goldman Sachs Group, Inc. | +$0M |
| ABBV AbbVie Inc. | +$5M |
| MSFT Microsoft Corporation | +$13M |
| IBM International Business Machine | +$2M |
| NVDA NVIDIA Corporation | +$0M |
| BMY Bristol-Myers Squibb Company | +$0M |
| AMZN Amazon.com, Inc. | +$3M |
| JNJ Johnson & Johnson | +$0M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$0M |
| AMAT Applied Materials, Inc. | −$0M |
| GOOG Alphabet Inc. | −$0M |
| V Visa Inc. | −$0M |
| BLDR Builders FirstSource, Inc.exit | −$0M |
| PEP PepsiCo, Inc. | −$3M |
| JPM JPMorgan Chase & Co. | −$0M |
| ADI Analog Devices, Inc. | −$0M |
| TFC Truist Financial Corporation | −$0M |
| AAPL Apple Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $362M | 235 | +16.40% | +17.59% | -1.20% | -0.00B |
| 2025-12-31 | $362M | 230 | +16.45% | +17.72% | -1.27% | -0.11B |
| 2025-09-30 | $465M | 238 | +12.43% | +17.52% | -5.09% | -0.01B |
| 2025-06-30 | $446M | 240 | +13.19% | +14.94% | -1.75% | +0.00B |
| 2025-03-31 | $416M | 229 | +7.41% | +8.30% | -0.89% | -0.01B |
| 2024-12-31 | $422M | 226 | +13.26% | +24.89% | -11.62% | -0.00B |
| 2024-09-30 | $430M | 229 | +28.71% | +36.04% | -7.33% | -0.01B |
| 2024-06-30 | $411M | 227 | +12.12% | +24.49% | -12.37% | +0.28B |
| 2024-03-31 | $133M | 119 | +16.48% | +29.62% | -13.14% | -0.01B |
| 2023-12-31 | $139M | 124 | +13.53% | +26.18% | -12.65% | +0.00B |
| 2023-09-30 | $124M | 115 | +12.22% | +21.57% | -9.35% | -0.01B |
| 2023-06-30 | $148M | 132 | +14.04% | +19.42% | -5.38% | +0.00B |
| 2023-03-31 | $136M | 132 | -3.95% | -7.82% | +3.86% | -0.00B |
| 2022-12-31 | $134M | 132 | -11.19% | -18.17% | +6.98% | +0.00B |
| 2022-09-30 | $121M | 126 | -11.18% | -15.51% | +4.33% | -0.01B |
| 2022-06-30 | $133M | 132 | -5.90% | -10.62% | +4.72% | -0.01B |