Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.85%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.58%
baseline attrition
Rally response
-0.81%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $44M | 5.0% | — | 2.5 yr |
| IVViShares Core S&P 500 ETF | $37M | 4.2% | — | 10.5 yr |
| GOOGAlphabet Inc. | $27M | 3.1% | +84.3% | 10.5 yr |
| KOThe Coca-Cola Company | $25M | 2.8% | +9.3% | 10.5 yr |
| SCHXSchwab U.S. Large-Cap ET | $19M | 2.1% | — | 10.5 yr |
| AMZNAmazon.com, Inc. | $17M | 2.0% | +9.5% | 10.5 yr |
| QQQInvesco QQQ Trust, Serie | $16M | 1.8% | — | 8.0 yr |
| VVisa Inc. | $14M | 1.6% | -13.1% | 10.5 yr |
| SPLGSPDR Portfolio S&P 500 E | $14M | 1.6% | — | 8.5 yr |
| LLYEli Lilly and Company | $13M | 1.5% | +12.2% | 10.5 yr |
| AAPLApple Inc. | $13M | 1.5% | +14.7% | 10.5 yr |
| NVDANVIDIA Corporation | $12M | 1.4% | +60.9% | 5.8 yr |
| XOMExxon Mobil Corporation | $12M | 1.4% | +47.6% | 10.5 yr |
| SUBiShares Short-Term Natio | $11M | 1.2% | — | 6.8 yr |
| TJXThe TJX Companies, Inc. | $11M | 1.2% | +32.7% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management40.1%+3.0pp$355M
Asset Management - Bonds4.3%-0.5pp$38M
Specialty Retail4.2%-1.2pp$38M
Beverages - Non-Alcoholic3.7%-0.3pp$33M
Internet Content & Information3.6%+0.9pp$32M
Drug Manufacturers - General3.4%-0.1pp$30M
Semiconductors2.4%+0.9pp$21M
Asset Management - Income2.2%+0.9pp$19M
Financial - Credit Services1.9%-0.7pp$17M
Banks - Regional1.7%+0.4pp$15M
Country
US97.8%-0.1pp
CA1.1%+0.5pp
Unknown0.3%-0.0pp
IE0.3%-0.5pp
GB0.2%+0.2pp
TW0.1%
BS0.1%+0.0pp
PE0.1%
Top 5: 17.2% · Top 10: 25.6% · Top 25: 41.9%
Top buys this quarter · 15
| CDE Coeur Mining, Inc.new | +$1M |
| PANW Palo Alto Networks, Inc. | +$1M |
| SOLS Solstice Advanced Materials Innew | +$1M |
| AUGO Aura Mineralsnew | +$1M |
| JPM JPMorgan Chase & Co. | +$1M |
| CAC Camden National Corporationnew | +$1M |
| BX Blackstone Inc. | +$1M |
| OZ Belpointe PREP, LLC | +$1M |
| SNEX StoneX Group Inc. | +$0M |
| BJ BJ's Wholesale Club Holdings, new | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $886M | 390 | +14.75% | +17.59% | -2.84% | -0.01B |
| 2025-12-31 | $909M | 390 | +14.03% | +17.72% | -3.69% | -0.01B |
| 2025-09-30 | $883M | 396 | +9.43% | +17.52% | -8.09% | -0.02B |
| 2025-06-30 | $854M | 396 | +9.38% | +14.94% | -5.56% | +0.01B |
| 2025-03-31 | $805M | 355 | +3.30% | +8.30% | -5.00% | -0.00B |
| 2024-12-31 | $819M | 374 | +12.56% | +24.89% | -12.32% | +0.00B |
| 2024-09-30 | $818M | 373 | +24.97% | +36.04% | -11.06% | -0.07B |
| 2024-06-30 | $836M | 375 | +12.20% | +24.49% | -12.30% | -0.05B |
| 2024-03-31 | $893M | 378 | +18.40% | +29.62% | -11.22% | +0.15B |
| 2023-12-31 | $698M | 343 | +13.47% | +26.18% | -12.71% | -0.03B |
| 2023-09-30 | $657M | 482 | +10.88% | +21.57% | -10.68% | +0.01B |
| 2023-06-30 | $684M | 327 | +10.67% | +19.42% | -8.75% | -0.00B |
| 2023-03-31 | $655M | 318 | -5.31% | -7.82% | +2.51% | -0.00B |
| 2022-12-31 | $639M | 309 | -12.02% | -18.17% | +6.15% | -0.01B |
| 2022-09-30 | $599M | 300 | -9.95% | -15.51% | +5.55% | +0.02B |
| 2022-06-30 | $608M | 303 | -4.49% | -10.62% | +6.13% | -0.04B |