Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.47%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.27%
steady accumulation
Rally response
+1.09%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPLGSPDR Portfolio S&P 500 E | $357M | 13.2% | — | 0.5 yr |
| SPYVState Street SPDR Portfo | $107M | 3.9% | — | 7.0 yr |
| AAPLApple Inc. | $99M | 3.6% | +14.7% | 10.5 yr |
| AVEMAvantis Emerging Markets | $86M | 3.2% | — | 1.5 yr |
| SPYGState Street SPDR Portfo | $80M | 2.9% | — | 7.0 yr |
| VEAVanguard FTSE Developed | $68M | 2.5% | — | 9.8 yr |
| VOOVanguard S&P 500 ETF | $54M | 2.0% | — | 9.8 yr |
| ITOTiShares Core S&P Total U | $46M | 1.7% | — | 2.8 yr |
| MSFTMicrosoft Corporation | $42M | 1.5% | -0.6% | 10.5 yr |
| VOVanguard Mid-Cap ETF | $42M | 1.5% | — | 9.0 yr |
| VTEBVanguard Tax-Exempt Bond | $40M | 1.5% | — | 0.3 yr |
| MUBiShares National Muni Bo | $37M | 1.4% | — | 8.5 yr |
| SCHVSchwab U.S. Large-Cap Va | $36M | 1.3% | — | 0.3 yr |
| BRK-BBerkshire Hathaway Inc. | $35M | 1.3% | — | 10.5 yr |
| JPMJPMorgan Chase & Co. | $35M | 1.3% | +21.8% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management55.0%+10.7pp$1.49B
Asset Management - Bonds5.4%+4.8pp$147M
Consumer Electronics3.7%+0.8pp$99M
Semiconductors2.9%+0.4pp$79M
Internet Content & Information2.4%+0.1pp$64M
Software - Infrastructure2.3%-0.7pp$62M
Banks - Diversified1.8%+0.5pp$49M
Drug Manufacturers - General1.7%+0.1pp$47M
Regulated Electric1.4%+0.7pp$39M
Insurance - Diversified1.3%+0.7pp$36M
Country
US98.3%-0.9pp
IE0.7%+0.2pp
GB0.3%-0.0pp
Unknown0.2%
CA0.1%
NL0.1%
BM0.1%
CH0.0%
Top 5: 26.9% · Top 10: 36.2% · Top 25: 53.2%
Top buys this quarter · 15
| AAPL Apple Inc. | +$83M |
| MSFT Microsoft Corporation | +$32M |
| JPM JPMorgan Chase & Co. | +$29M |
| NVDA NVIDIA Corporation | +$24M |
| AMZN Amazon.com, Inc. | +$23M |
| PG The Procter & Gamble Company | +$21M |
| GOOG Alphabet Inc. | +$17M |
| WEC WEC Energy Group, Inc. | +$17M |
| META Meta Platforms, Inc. | +$14M |
| SPY State Street SPDR S&P 500 ETF | +$14M |
Top sells this quarter · 15
| NIC Nicolet Bankshares, Inc.exit | −$131M |
| KLAC KLA Corporation | −$0M |
| AMD Advanced Micro Devices, Inc.exit | −$1M |
| SNDR Schneider National, Inc. | −$1M |
| NOC Northrop Grumman Corporation | −$0M |
| DD DuPont de Nemours, Inc.exit | −$0M |
| CMG Chipotle Mexican Grill, Inc. | −$0M |
| WH Wyndham Hotels & Resorts, Inc. | −$0M |
| ACIW ACI Worldwide, Inc. | −$0M |
| SSNC SS&C Technologies Holdings, In | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.70B | 558 | +18.47% | +17.59% | +0.87% | +2.07B |
| 2025-12-31 | $624M | 226 | +30.58% | +17.72% | +12.86% | +0.01B |
| 2025-09-30 | $622M | 218 | +34.66% | +17.52% | +17.14% | -0.00B |
| 2025-06-30 | $579M | 207 | +31.83% | +14.94% | +16.89% | +0.03B |
| 2025-03-31 | $498M | 197 | +21.54% | +8.30% | +13.24% | +0.02B |
| 2024-12-31 | $424M | 192 | +16.76% | +24.89% | -8.13% | +0.01B |
| 2024-09-30 | $413M | 203 | +28.29% | +36.04% | -7.75% | -0.01B |
| 2024-06-30 | $403M | 207 | +17.41% | +24.49% | -7.08% | -0.01B |
| 2024-03-31 | $405M | 215 | +23.84% | +29.62% | -5.78% | +0.01B |
| 2023-12-31 | $371M | 201 | +22.17% | +26.18% | -4.00% | +0.01B |
| 2023-09-30 | $326M | 185 | +18.97% | +21.57% | -2.59% | -0.01B |
| 2023-06-30 | $352M | 198 | +17.84% | +19.42% | -1.59% | +0.02B |
| 2023-03-31 | $308M | 195 | -4.82% | -7.82% | +3.00% | +0.00B |
| 2022-12-31 | $290M | 193 | -14.22% | -18.17% | +3.96% | -0.09B |
| 2022-09-30 | $350M | 182 | -11.91% | -15.51% | +3.59% | -0.02B |
| 2022-06-30 | $384M | 201 | -7.39% | -10.62% | +3.23% | -0.02B |