Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.93%
adds when stocks drop
when a holding falls −10%+
Middle response
+5.14%
steady accumulation
Rally response
+5.43%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| USMCPrincipal U.S. Mega-Cap | $305M | 4.6% | — | 2.5 yr |
| IVViShares Core S&P 500 ETF | $202M | 3.0% | — | 2.5 yr |
| — | $141M | 2.1% | — | 1.5 yr |
| LCAPPrincipal Capital Apprec | $140M | 2.1% | — | 1.0 yr |
| BCHPPrincipal Focused Blue C | $139M | 2.1% | — | 2.5 yr |
| AGGiShares Core U.S. Aggreg | $135M | 2.0% | — | 2.5 yr |
| GSUSGoldman Sachs MarketBeta | $104M | 1.6% | — | 2.5 yr |
| IGPrincipal Investment Gra | $100M | 1.5% | — | 2.5 yr |
| NVDANVIDIA Corporation | $84M | 1.3% | +60.9% | 2.5 yr |
| MSFTMicrosoft Corporation | $83M | 1.2% | -0.6% | 2.5 yr |
| AAPLApple Inc. | $80M | 1.2% | +14.7% | 2.5 yr |
| PYPrincipal Value ETF | $74M | 1.1% | — | 2.5 yr |
| IUSViShares Core S&P U.S. Va | $72M | 1.1% | — | 2.5 yr |
| AMZNAmazon.com, Inc. | $71M | 1.1% | +9.5% | 2.5 yr |
| SPLGSPDR Portfolio S&P 500 E | $66M | 1.0% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management60.3%+1.4pp$4.01B
Asset Management - Bonds5.0%-0.3pp$335M
Semiconductors3.4%+0.8pp$224M
Unknown2.6%+1.7pp$171M
Asset Management - Income2.2%-0.5pp$144M
Internet Content & Information2.1%+0.1pp$138M
Software - Infrastructure1.8%-0.4pp$121M
Drug Manufacturers - General1.4%+0.3pp$95M
Specialty Retail1.3%-0.3pp$88M
Consumer Electronics1.2%-0.1pp$81M
Country
US94.6%-1.6pp
Unknown2.6%+1.6pp
GB0.6%-0.0pp
IE0.4%-0.1pp
CA0.4%+0.0pp
TW0.4%+0.0pp
CH0.2%+0.0pp
JP0.1%+0.0pp
Top 5: 13.9% · Top 10: 21.5% · Top 25: 35.5%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $43M | +0.02B | 60.9% |
| AAPL | $55M | +0.01B | 14.7% |
| AMZN | $59M | +0.00B | 9.5% |
| MSFT | $64M | -0.00B | -0.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $64M | -0.00B | -0.6% |
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$9M |
| MSFT Microsoft Corporation | +$83M |
| PFG Principal Financial Group, Inc | +$8M |
| AAPL Apple Inc. | +$6M |
| AZN AstraZeneca PLCnew | +$6M |
| AVGO Broadcom Inc. | +$39M |
| AMZN Amazon.com, Inc. | +$71M |
| SPY State Street SPDR S&P 500 ETF | +$3M |
| GOOG Alphabet Inc. | +$37M |
| HD The Home Depot, Inc. | +$2M |
Top sells this quarter · 15
| LRCX Lam Research Corporation | −$3M |
| KLAC KLA Corporation | −$2M |
| KMX CarMax, Inc. | −$2M |
| LMT Lockheed Martin Corporation | −$2M |
| DEO Diageo plc | −$2M |
| TSM Taiwan Semiconductor Manufactu | −$23M |
| WBD Warner Bros. Discovery, Inc. | −$2M |
| MMM 3M Company | −$1M |
| HSY The Hershey Company | −$1M |
| EOG EOG Resources, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $6.65B | 1400 | +15.14% | +17.59% | -2.45% | +0.58B |
| 2025-12-31 | $6.33B | 1334 | +16.17% | +17.72% | -1.55% | +0.29B |
| 2025-09-30 | $5.93B | 3706 | +16.39% | +17.52% | -1.13% | +0.37B |
| 2025-06-30 | $5.19B | 3649 | +15.14% | +14.94% | +0.20% | +0.38B |
| 2025-03-31 | $4.37B | 3522 | +5.58% | +8.30% | -2.73% | +0.17B |
| 2024-12-31 | $4.34B | 3524 | +18.91% | +24.89% | -5.97% | +0.20B |
| 2024-09-30 | $4.05B | 3412 | +5.90% | +5.75% | +0.15% | +0.29B |
| 2024-06-30 | $3.55B | 3368 | +0.96% | +4.38% | -3.42% | +0.34B |
| 2024-03-31 | $3.19B | 3292 | +8.96% | +10.39% | -1.43% | +0.29B |
| 2023-12-31 | $2.66B | 3189 | — | — | — | — |