Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.07%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.76%
baseline attrition
Rally response
+0.55%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $253M | 7.0% | — | 10.5 yr |
| VEAVanguard FTSE Developed | $234M | 6.5% | — | 10.5 yr |
| NNINelnet, Inc. | $153M | 4.2% | +17.4% | 10.5 yr |
| IJRiShares Core S&P Small-C | $151M | 4.2% | — | 10.5 yr |
| IJHiShares Core S&P Mid-Cap | $127M | 3.5% | — | 10.5 yr |
| AAPLApple Inc. | $112M | 3.1% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $101M | 2.8% | -0.6% | 10.5 yr |
| VWOVanguard FTSE Emerging M | $77M | 2.1% | — | 10.5 yr |
| AVGOBroadcom Inc. | $66M | 1.8% | +86.0% | 7.5 yr |
| BNDVanguard Total Bond Mark | $60M | 1.7% | — | 8.0 yr |
| BRK-BBerkshire Hathaway Inc. | $53M | 1.5% | — | 10.5 yr |
| GOOGLAlphabet Inc. | $52M | 1.5% | — | 10.5 yr |
| WMTWalmart Inc. | $52M | 1.4% | +42.8% | 10.5 yr |
| SLQDiShares 0-5 Year Investm | $49M | 1.4% | — | 7.0 yr |
| WCCWESCO International, Inc | $48M | 1.3% | +77.6% | 6.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management29.4%+2.6pp$1.06B
Semiconductors6.1%+1.8pp$220M
Financial - Credit Services5.5%-0.6pp$199M
Software - Infrastructure4.1%-0.7pp$148M
Asset Management - Bonds4.0%-0.4pp$144M
Drug Manufacturers - General3.9%-0.1pp$140M
Consumer Electronics3.1%-0.1pp$112M
Internet Content & Information2.9%+1.3pp$106M
Banks - Diversified2.8%-0.0pp$100M
Industrial - Machinery2.4%-0.0pp$85M
Country
US96.4%-0.3pp
TW0.9%+0.4pp
IE0.9%-0.2pp
CA0.6%+0.0pp
GB0.5%-0.1pp
NL0.5%+0.2pp
CH0.2%+0.0pp
Unknown0.1%+0.0pp
Top 5: 25.5% · Top 10: 37.1% · Top 25: 55.2%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| AVGO | $40M | +0.03B | 86.0% |
| APH | $26M | +0.02B | 93.6% |
| NNI | $134M | +0.02B | 17.4% |
| WCC | $29M | +0.02B | 77.6% |
| AMD | $21M | +0.02B | 98.0% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $102M | -0.00B | -0.6% |
Top buys this quarter · 15
| CRM Salesforce, Inc. | +$5M |
| MSFT Microsoft Corporation | +$101M |
| AAPL Apple Inc. | +$112M |
| AMZN Amazon.com, Inc. | +$34M |
| SPGI S&P Global Inc. | +$2M |
| GOOG Alphabet Inc. | +$42M |
| NVDA NVIDIA Corporation | +$32M |
| APH Amphenol Corporation | +$46M |
| BAC Bank of America Corporation | +$20M |
| FRT Federal Realty Investment Trus | +$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.60B | 1752 | +18.02% | +17.59% | +0.43% | +0.07B |
| 2025-12-31 | $3.59B | 1713 | +17.40% | +17.72% | -0.32% | -0.02B |
| 2025-09-30 | $3.50B | 1729 | +12.55% | +17.52% | -4.97% | -0.15B |
| 2025-06-30 | $3.40B | 1721 | +11.87% | +14.94% | -3.07% | +0.02B |
| 2025-03-31 | $3.12B | 1739 | +3.67% | +8.30% | -4.63% | +0.03B |
| 2024-12-31 | $3.17B | 1766 | +15.07% | +24.89% | -9.82% | +0.01B |
| 2024-09-30 | $3.19B | 1784 | +27.16% | +36.04% | -8.88% | +0.02B |
| 2024-06-30 | $2.97B | 1768 | +14.10% | +24.49% | -10.39% | +0.02B |
| 2024-03-31 | $2.94B | 1732 | +20.52% | +29.62% | -9.11% | -0.01B |
| 2023-12-31 | $2.72B | 1746 | +14.46% | +26.18% | -11.71% | -0.04B |
| 2023-09-30 | $2.53B | 1747 | +16.41% | +21.57% | -5.16% | +0.01B |
| 2023-06-30 | $2.63B | 1756 | +15.74% | +19.42% | -3.69% | -0.01B |
| 2023-03-31 | $2.49B | 1738 | -2.98% | -7.82% | +4.83% | +0.00B |
| 2022-12-31 | $2.42B | 1759 | -10.20% | -18.17% | +7.98% | -0.03B |
| 2022-09-30 | $2.20B | 1530 | -10.23% | -15.51% | +5.28% | -0.01B |
| 2022-06-30 | $2.32B | 945 | -5.16% | -10.62% | +5.46% | -0.01B |