Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.33%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.86%
baseline attrition
Rally response
-7.56%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $42M | 27.2% | — | 1.5 yr |
| BNDVanguard Total Bond Mark | $12M | 8.2% | — | 1.5 yr |
| AGGiShares Core U.S. Aggreg | $12M | 8.1% | — | 1.5 yr |
| VXUSVanguard Total Internati | $6M | 4.0% | — | 1.5 yr |
| MSFTMicrosoft Corporation | $6M | 3.8% | -0.6% | 1.5 yr |
| IWRiShares Russell Mid-Cap | $5M | 3.5% | — | 1.5 yr |
| VTIPVanguard Short-Term Infl | $5M | 3.2% | — | 1.5 yr |
| AAPLApple Inc. | $4M | 2.9% | +14.7% | 1.5 yr |
| IWMiShares Russell 2000 ETF | $4M | 2.6% | — | 1.5 yr |
| IJHiShares Core S&P Mid-Cap | $4M | 2.6% | — | 1.5 yr |
| — | $3M | 2.2% | — | 1.5 yr |
| VTIVanguard Total Stock Mar | $3M | 2.1% | — | 1.5 yr |
| XLKState Street Technology | $3M | 2.1% | — | 1.5 yr |
| GOOGAlphabet Inc. | $3M | 1.8% | +84.3% | 1.5 yr |
| JNJJohnson & Johnson | $3M | 1.8% | +51.5% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management56.0%+5.6pp$85M
Asset Management - Bonds8.2%+0.2pp$12M
Software - Infrastructure3.8%-1.3pp$6M
Asset Management - Leveraged3.2%-0.2pp$5M
Drug Manufacturers - General3.0%+0.5pp$5M
Consumer Electronics2.9%-0.1pp$4M
Internet Content & Information2.3%+0.8pp$4M
Unknown2.2%-0.2pp$3M
Oil & Gas Integrated2.1%+0.3pp$3M
Home Improvement1.7%-0.6pp$3M
Country
US97.8%+0.2pp
Unknown2.2%-0.2pp
Top 5: 51.3% · Top 10: 66.0% · Top 25: 87.8%
Top buys this quarter · 14
| KLAC KLA Corporationnew | +$0M |
| AMGN Amgen Inc.new | +$0M |
| V Visa Inc. | +$1M |
| MSFT Microsoft Corporation | +$6M |
| PFE Pfizer Inc. | +$0M |
| DE Deere & Company | +$0M |
| BRK-B Berkshire Hathaway Inc. | +$2M |
| IVV iShares Core S&P 500 ETF | +$42M |
| AGG iShares Core U.S. Aggregate Bo | +$0M |
| IJH iShares Core S&P Mid-Cap ETF | +$0M |
Top sells this quarter · 15
| TRV The Travelers Companies, Inc. | −$2M |
| LNT Alliant Energy Corporation | −$1M |
| T AT&T Inc. | −$1M |
| WFC Wells Fargo & Company | −$1M |
| COP ConocoPhillipsexit | −$0M |
| UNP Union Pacific Corporation | −$0M |
| ATLO Ames National Corporation | −$0M |
| VZ Verizon Communications Inc. | −$0M |
| JNJ Johnson & Johnson | −$3M |
| NSC Norfolk Southern Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $153M | 65 | +14.07% | +17.59% | -3.52% | -0.00B |
| 2025-12-31 | $159M | 65 | +14.11% | +17.72% | -3.61% | -0.00B |
| 2025-09-30 | $157M | 68 | +8.84% | +8.12% | +0.72% | +0.00B |
| 2025-06-30 | $144M | 64 | +4.81% | +10.78% | -5.97% | -0.00B |
| 2025-03-31 | $138M | 61 | -1.25% | -4.27% | +3.01% | +0.00B |
| 2024-12-31 | $137M | 66 | — | — | — | — |