Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.18%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.71%
steady accumulation
Rally response
-7.94%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $37M | 3.3% | +14.7% | 10.5 yr |
| GLDSPDR Gold Shares | $32M | 2.9% | — | 10.5 yr |
| LQDiShares iBoxx $ Investme | $28M | 2.5% | — | 10.5 yr |
| QQQInvesco QQQ Trust, Serie | $21M | 1.9% | — | 8.0 yr |
| AMZNAmazon.com, Inc. | $18M | 1.7% | +9.5% | 8.8 yr |
| NVDANVIDIA Corporation | $18M | 1.6% | +60.9% | 8.5 yr |
| SPYState Street SPDR S&P 50 | $17M | 1.6% | +17.6% | 10.5 yr |
| VOOVanguard S&P 500 ETF | $16M | 1.5% | — | 7.8 yr |
| GOOGLAlphabet Inc. | $16M | 1.4% | — | 10.5 yr |
| MSFTMicrosoft Corporation | $16M | 1.4% | -0.6% | 10.5 yr |
| IWMiShares Russell 2000 ETF | $15M | 1.3% | — | 10.5 yr |
| SGOViShares 0-3 Month Treasu | $14M | 1.3% | — | 3.5 yr |
| BRK-BBerkshire Hathaway Inc. | $13M | 1.2% | — | 10.5 yr |
| GOOGAlphabet Inc. | $13M | 1.2% | +84.3% | 8.8 yr |
| XOMExxon Mobil Corporation | $12M | 1.1% | +47.6% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management39.8%+10.7pp$438M
Asset Management - Bonds8.7%+3.1pp$96M
Semiconductors5.0%+1.0pp$55M
Consumer Electronics3.4%-0.6pp$38M
Internet Content & Information3.1%+0.9pp$34M
Drug Manufacturers - General3.1%-0.5pp$34M
Specialty Retail2.0%-0.1pp$22M
Oil & Gas Midstream1.9%+0.4pp$21M
Software - Infrastructure1.9%-2.4pp$21M
Oil & Gas Integrated1.9%-0.0pp$20M
Country
US96.5%+1.0pp
IE0.7%-0.8pp
CA0.5%+0.2pp
Unknown0.5%+0.2pp
GB0.4%-0.5pp
TW0.3%+0.2pp
CH0.2%-0.2pp
NL0.2%+0.1pp
Top 5: 12.4% · Top 10: 19.9% · Top 25: 33.9%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $24M | +0.01B | 60.9% |
| AVGO | $15M | +0.01B | 86.0% |
| AAPL | $63M | +0.01B | 14.7% |
| GOOG | $9M | +0.01B | 84.3% |
| XOM | $10M | +0.00B | 47.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $49M | -0.00B | -0.6% |
Top buys this quarter · 15
| AAPL Apple Inc. | +$26M |
| AMZN Amazon.com, Inc. | +$14M |
| AMD Advanced Micro Devices, Inc. | +$3M |
| RTX RTX Corporation | +$3M |
| APH Amphenol Corporation | +$2M |
| TRV The Travelers Companies, Inc. | +$1M |
| TGT Target Corporation | +$1M |
| MU Micron Technology, Inc. | +$1M |
| AMGN Amgen Inc. | +$1M |
| DLB Dolby Laboratories, Inc.new | +$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.10B | 633 | +15.82% | +17.59% | -1.77% | -0.55B |
| 2025-12-31 | $1.66B | 875 | +13.78% | +17.72% | -3.94% | -0.25B |
| 2025-09-30 | $1.89B | 900 | +13.42% | +17.52% | -4.10% | +0.23B |
| 2025-06-30 | $1.56B | 857 | +15.37% | +14.94% | +0.43% | -0.16B |
| 2025-03-31 | $1.58B | 840 | +8.45% | +8.30% | +0.15% | +0.04B |
| 2024-12-31 | $1.58B | 834 | +22.32% | +24.89% | -2.57% | +0.04B |
| 2024-09-30 | $1.53B | 814 | +34.51% | +36.04% | -1.53% | +0.60B |
| 2024-06-30 | $857M | 596 | +20.75% | +24.49% | -3.74% | -0.06B |
| 2024-03-31 | $899M | 618 | +25.71% | +29.62% | -3.91% | -0.07B |
| 2023-12-31 | $881M | 584 | +18.67% | +26.18% | -7.51% | -0.01B |
| 2023-09-30 | $806M | 573 | +15.99% | +21.57% | -5.58% | +0.02B |
| 2023-06-30 | $809M | 558 | +13.53% | +19.42% | -5.90% | +0.03B |
| 2023-03-31 | $737M | 533 | -6.16% | -7.82% | +1.66% | -0.06B |
| 2022-12-31 | $770M | 520 | -13.97% | -18.17% | +4.21% | -0.03B |
| 2022-09-30 | $736M | 507 | -11.92% | -15.51% | +3.59% | +0.02B |
| 2022-06-30 | $750M | 512 | -6.71% | -10.62% | +3.91% | -0.02B |