Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.51%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.16%
baseline attrition
Rally response
-1.50%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $40M | 7.7% | +14.7% | 10.5 yr |
| TERTeradyne, Inc. | $39M | 7.7% | +260.2% | 10.5 yr |
| LLYEli Lilly and Company | $27M | 5.2% | +12.2% | 10.5 yr |
| PHMPulteGroup, Inc. | $26M | 5.0% | +15.3% | 10.5 yr |
| — | $22M | 4.2% | — | 10.5 yr |
| — | $18M | 3.4% | — | 2.3 yr |
| — | $16M | 3.1% | — | 2.3 yr |
| NDSNNordson Corporation | $15M | 2.8% | +33.7% | 10.5 yr |
| TPRTapestry, Inc. | $14M | 2.8% | +103.3% | 2.8 yr |
| SCHWThe Charles Schwab Corpo | $14M | 2.7% | +21.5% | 10.5 yr |
| — | $13M | 2.5% | — | 2.3 yr |
| — | $11M | 2.1% | — | 2.3 yr |
| IBMInternational Business M | $11M | 2.0% | -0.1% | 8.3 yr |
| — | $10M | 2.0% | — | 2.3 yr |
| — | $10M | 1.9% | — | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Unknown39.5%-3.2pp$203M
Drug Manufacturers - General8.1%-0.3pp$42M
Semiconductors7.7%+5.1pp$40M
Consumer Electronics7.7%-0.6pp$40M
Residential Construction5.0%-0.4pp$26M
Industrial - Machinery2.8%+0.3pp$15M
Luxury Goods2.8%+1.1pp$14M
Financial - Capital Markets2.7%-0.0pp$14M
Information Technology Services2.0%-0.3pp$11M
Financial - Credit Services1.9%-0.1pp$10M
Country
US58.9%+4.7pp
Unknown39.5%-3.2pp
CA1.4%-1.6pp
GB0.1%+0.0pp
SG0.1%
Top 5: 29.7% · Top 10: 44.6% · Top 25: 73.1%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $515M | 78 | +27.43% | +17.59% | +9.84% | -0.03B |
| 2025-12-31 | $542M | 77 | +19.37% | +17.72% | +1.66% | -0.05B |
| 2025-09-30 | $533M | 76 | +6.02% | +17.52% | -11.50% | -0.01B |
| 2025-06-30 | $496M | 74 | +1.42% | +14.94% | -13.52% | +0.03B |
| 2025-03-31 | $453M | 73 | -2.79% | +8.30% | -11.09% | -0.02B |
| 2024-12-31 | $502M | 77 | +6.81% | +24.89% | -18.08% | -0.03B |
| 2024-09-30 | $541M | 76 | +24.09% | +36.04% | -11.95% | +0.01B |
| 2024-06-30 | $508M | 76 | +12.72% | +24.49% | -11.77% | -0.02B |
| 2024-03-31 | $531M | 76 | +25.17% | +29.62% | -4.46% | +0.02B |
| 2023-12-31 | $492M | 75 | +25.51% | +26.18% | -0.67% | -0.00B |
| 2023-09-30 | $432M | 71 | +24.10% | +21.57% | +2.53% | -0.01B |
| 2023-06-30 | $464M | 73 | +22.00% | +19.42% | +2.57% | -0.01B |
| 2023-03-31 | $428M | 70 | -8.04% | -7.82% | -0.22% | -0.01B |
| 2022-12-31 | $423M | 74 | +13.20% | +7.56% | +5.64% | -0.01B |
| 2022-09-30 | $384M | 75 | -6.00% | -4.93% | -1.07% | -0.01B |
| 2022-06-30 | $414M | 79 | -17.34% | -16.11% | -1.23% | -0.00B |