Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.80%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.15%
steady accumulation
Rally response
-2.05%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MMM3M Company | $14M | 4.0% | +0.7% | 10.5 yr |
| AAPLApple Inc. | $13M | 3.7% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $11M | 3.2% | -0.6% | 10.5 yr |
| IVViShares Core S&P 500 ETF | $10M | 2.8% | — | 10.5 yr |
| GOOGLAlphabet Inc. | $8M | 2.1% | — | 10.5 yr |
| JNJJohnson & Johnson | $6M | 1.8% | +51.5% | 10.5 yr |
| AMZNAmazon.com, Inc. | $6M | 1.7% | +9.5% | 7.5 yr |
| GLDSPDR Gold Shares | $6M | 1.7% | — | 8.3 yr |
| SPYState Street SPDR S&P 50 | $6M | 1.7% | +17.6% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $6M | 1.6% | +21.8% | 10.5 yr |
| AXTIAXT, Inc. | $6M | 1.6% | +3941.1% | 7.3 yr |
| GEGE Aerospace | $6M | 1.6% | +42.5% | 5.0 yr |
| WMTWalmart Inc. | $5M | 1.5% | +42.8% | 10.5 yr |
| FLOTiShares Floating Rate Bo | $5M | 1.4% | — | 10.5 yr |
| VVisa Inc. | $5M | 1.3% | -13.1% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management18.1%-2.1pp$64M
Semiconductors6.1%+3.0pp$22M
Conglomerates4.7%-1.1pp$17M
Internet Content & Information4.3%+0.6pp$15M
Drug Manufacturers - General4.1%+0.1pp$15M
Banks - Diversified4.0%+0.0pp$14M
Consumer Electronics3.7%-0.5pp$13M
Software - Infrastructure3.7%-0.8pp$13M
Aerospace & Defense3.6%+0.4pp$13M
Industrial - Machinery3.3%+0.3pp$12M
Country
US97.7%+0.2pp
Unknown1.2%+0.5pp
CA0.6%-0.0pp
GB0.3%-0.6pp
IE0.2%-0.0pp
Top 5: 15.8% · Top 10: 24.4% · Top 25: 42.4%
Top buys this quarter · 15
| NFLX Netflix, Inc. | +$1M |
| TNC Tennant Company | +$1M |
| AVBC Avidia Bancorp, Inc. | +$1M |
| ELMD Electromed, Inc. | +$1M |
| BCHT Birchtech Corp.new | +$1M |
| TLSI TriSalus Life Sciences, Inc. | +$0M |
| BBY Best Buy Co., Inc. | +$0M |
| UPS United Parcel Service, Inc. | +$0M |
| VZ Verizon Communications Inc. | +$0M |
| SPG Simon Property Group, Inc. | +$0M |
Top sells this quarter · 15
| AXTI AXT, Inc. | −$18M |
| AAOI Applied Optoelectronics, Inc. | −$2M |
| ATRO Astronics Corporation | −$2M |
| VIAV Viavi Solutions Inc. | −$1M |
| NGS Natural Gas Services Group, In | −$1M |
| CECO CECO Environmental Corp. | −$0M |
| SXI Standex International Corporat | −$3M |
| INDB Independent Bank Corp. | −$0M |
| WNEB Western New England Bancorp, I | −$0M |
| SPY State Street SPDR S&P 500 ETF | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $355M | 228 | +33.07% | +17.59% | +15.48% | -0.02B |
| 2025-12-31 | $363M | 219 | +22.04% | +17.72% | +4.32% | -0.01B |
| 2025-09-30 | $349M | 225 | +19.04% | +17.52% | +1.52% | -0.00B |
| 2025-06-30 | $315M | 221 | +16.00% | +14.94% | +1.06% | +0.00B |
| 2025-03-31 | $289M | 225 | +7.30% | +8.30% | -1.01% | +0.00B |
| 2024-12-31 | $297M | 218 | +19.48% | +24.89% | -5.41% | -0.01B |
| 2024-09-30 | $293M | 215 | +29.24% | +36.04% | -6.79% | +0.01B |
| 2024-06-30 | $264M | 210 | +9.44% | +24.49% | -15.06% | -0.00B |
| 2024-03-31 | $263M | 211 | +14.20% | +29.62% | -15.42% | -0.01B |
| 2023-12-31 | $259M | 202 | +12.32% | +26.18% | -13.86% | -0.02B |
| 2023-09-30 | $249M | 206 | +8.88% | +21.57% | -12.69% | +0.00B |
| 2023-06-30 | $268M | 203 | +14.23% | +19.42% | -5.20% | -0.00B |
| 2023-03-31 | $257M | 201 | -7.27% | -7.82% | +0.55% | -0.01B |
| 2022-12-31 | $256M | 200 | -15.71% | -18.17% | +2.47% | -0.00B |
| 2022-09-30 | $240M | 197 | -13.52% | -15.51% | +1.99% | -0.00B |
| 2022-06-30 | $255M | 214 | -9.42% | -10.62% | +1.20% | -0.02B |