Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.87%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.07%
baseline attrition
Rally response
-3.95%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TROWT. Rowe Price Group, Inc | $58M | 12.9% | +3.4% | 10.5 yr |
| BILState Street SPDR Bloomb | $18M | 4.0% | — | 2.5 yr |
| GLWCorning Incorporated | $14M | 3.2% | +201.5% | 10.5 yr |
| AZNAstraZeneca PLC | $13M | 2.9% | +36.2% | 0.3 yr |
| AAPLApple Inc. | $12M | 2.8% | +14.7% | 10.5 yr |
| GOOGAlphabet Inc. | $12M | 2.7% | +84.3% | 10.3 yr |
| AMZNAmazon.com, Inc. | $12M | 2.6% | +9.5% | 8.3 yr |
| CVXChevron Corporation | $10M | 2.3% | +29.2% | 8.3 yr |
| VYMIVanguard International H | $10M | 2.2% | — | 2.0 yr |
| FANGDiamondback Energy, Inc. | $9M | 2.1% | +27.1% | 4.0 yr |
| ZSZscaler, Inc. | $9M | 2.1% | -29.3% | 0.5 yr |
| ALSNAllison Transmission Hol | $8M | 1.9% | +23.8% | 5.3 yr |
| MSFTMicrosoft Corporation | $8M | 1.9% | -0.6% | 10.5 yr |
| TTITETRA Technologies, Inc. | $8M | 1.9% | +153.6% | 7.3 yr |
| QCOMQUALCOMM Incorporated | $8M | 1.7% | -14.2% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management23.9%+0.8pp$106M
Drug Manufacturers - General7.2%+3.2pp$32M
Software - Infrastructure4.0%+1.3pp$18M
Oil & Gas Equipment & Services3.7%+0.4pp$16M
Information Technology Services3.3%-0.6pp$15M
Hardware, Equipment & Parts3.3%+0.5pp$15M
Software - Application3.2%+1.1pp$14M
Internet Content & Information3.2%+1.0pp$14M
Oil & Gas Exploration & Production3.1%-0.5pp$14M
Semiconductors3.0%-0.0pp$13M
Country
US88.6%+0.6pp
CA4.4%+1.8pp
GB4.1%+2.3pp
CH0.9%-0.2pp
PA0.7%-1.1pp
DK0.7%
IL0.2%-0.3pp
IE0.2%+0.1pp
Top 5: 25.9% · Top 10: 37.8% · Top 25: 62.2%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$13M |
| ZS Zscaler, Inc. | +$9M |
| AMZN Amazon.com, Inc. | +$5M |
| FIS Fidelity National Information | +$3M |
| ADMA ADMA Biologics, Inc. | +$6M |
| ATEC Alphatec Holdings, Inc. | +$3M |
| AMPL Amplitude, Inc. | +$1M |
| RYN Rayonier Inc.new | +$0M |
| PAR PAR Technology Corporation | +$1M |
| ZM Zoom Communications, Inc.new | +$0M |
Top sells this quarter · 15
| GLW Corning Incorporated | −$11M |
| FANG Diamondback Energy, Inc. | −$9M |
| CPA Copa Holdings, S.A. | −$3M |
| CVX Chevron Corporation | −$9M |
| TTI TETRA Technologies, Inc. | −$2M |
| DAR Darling Ingredients Inc. | −$2M |
| TROW T. Rowe Price Group, Inc. | −$1M |
| MRK Merck & Co., Inc. | −$1M |
| MU Micron Technology, Inc. | −$1M |
| LAND Gladstone Land Corporationexit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $445M | 170 | +19.31% | +17.59% | +1.72% | -0.01B |
| 2025-12-31 | $464M | 170 | +13.76% | +17.72% | -3.96% | +0.00B |
| 2025-09-30 | $436M | 162 | +7.53% | +17.52% | -9.99% | +0.00B |
| 2025-06-30 | $392M | 165 | +0.44% | +14.94% | -14.50% | +0.00B |
| 2025-03-31 | $375M | 157 | -7.43% | +8.30% | -15.73% | +0.00B |
| 2024-12-31 | $400M | 154 | +8.00% | +24.89% | -16.88% | -0.01B |
| 2024-09-30 | $409M | 152 | +13.08% | +36.04% | -22.95% | +0.01B |
| 2024-06-30 | $389M | 143 | +6.89% | +24.49% | -17.61% | -0.01B |
| 2024-03-31 | $414M | 152 | +15.60% | +29.62% | -14.03% | -0.02B |
| 2023-12-31 | $395M | 152 | +6.35% | +26.18% | -19.83% | -0.02B |
| 2023-09-30 | $395M | 157 | +6.11% | +21.57% | -15.46% | +0.00B |
| 2023-06-30 | $404M | 154 | +3.06% | +19.42% | -16.37% | -0.02B |
| 2023-03-31 | $405M | 163 | -19.32% | -7.82% | -11.50% | +0.04B |
| 2022-12-31 | $362M | 144 | +4.18% | +7.56% | -3.38% | -0.00B |
| 2022-09-30 | $349M | 151 | -5.07% | -4.93% | -0.14% | +0.06B |
| 2022-06-30 | $309M | 145 | -18.76% | -16.11% | -2.65% | +0.03B |