Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.09%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.69%
baseline attrition
Rally response
-4.49%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VEUVanguard FTSE All-World | $6M | 5.6% | — | 2.5 yr |
| AAPLApple Inc. | $6M | 5.6% | +14.7% | 2.5 yr |
| JPMJPMorgan Chase & Co. | $5M | 4.5% | +21.8% | 2.5 yr |
| FDNFirst Trust Dow Jones In | $5M | 4.2% | — | 2.5 yr |
| NVDANVIDIA Corporation | $5M | 4.1% | +60.9% | 2.3 yr |
| MSFTMicrosoft Corporation | $4M | 3.7% | -0.6% | 2.5 yr |
| SCHXSchwab U.S. Large-Cap ET | $4M | 3.7% | — | 2.5 yr |
| COSTCostco Wholesale Corpora | $3M | 3.0% | +5.9% | 2.5 yr |
| MAMastercard Incorporated | $3M | 2.2% | -8.5% | 2.5 yr |
| SCHASchwab U.S. Small-Cap ET | $2M | 2.0% | — | 2.5 yr |
| GOOGLAlphabet Inc. | $2M | 1.6% | — | 2.5 yr |
| LINLinde plc | $2M | 1.5% | +7.9% | 2.5 yr |
| AXPAmerican Express Company | $2M | 1.4% | +13.3% | 2.5 yr |
| DOVDover Corporation | $2M | 1.4% | +20.0% | 2.5 yr |
| SYKStryker Corporation | $2M | 1.3% | -11.1% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management27.8%+5.1pp$31M
Banks - Diversified8.4%+0.0pp$10M
Semiconductors7.4%+2.0pp$8M
Consumer Electronics5.6%+0.3pp$6M
Software - Infrastructure4.4%-0.5pp$5M
Financial - Credit Services3.8%-0.6pp$4M
Industrial - Machinery3.6%-0.1pp$4M
Discount Stores3.1%-0.2pp$4M
Aerospace & Defense2.4%+0.3pp$3M
Drug Manufacturers - General2.2%+0.6pp$3M
Country
US97.3%+1.1pp
GB1.5%-0.1pp
IE0.8%+0.7pp
CH0.3%+0.1pp
HK0.1%
Top 5: 23.9% · Top 10: 38.5% · Top 25: 57.8%
Top buys this quarter · 15
| NFLX Netflix, Inc. | +$0M |
| FITB Fifth Third Bancorpnew | +$0M |
| PR Permian Resources Corporationnew | +$0M |
| NKE NIKE, Inc. | +$1M |
| WHR Whirlpool Corporation | +$0M |
| HUBB Hubbell Incorporatednew | +$0M |
| FAF First American Financial Corponew | +$0M |
| GS The Goldman Sachs Group, Inc. | +$0M |
| UNH UnitedHealth Group Incorporate | +$1M |
| MSFT Microsoft Corporation | +$4M |
Top sells this quarter · 15
| OMC Omnicom Group Inc. | −$0M |
| CTRA Coterra Energy Inc.exit | −$0M |
| LYB LyondellBasell Industries N.V.exit | −$0M |
| DTM DT Midstream, Inc.exit | −$0M |
| PB Prosperity Bancshares, Inc.exit | −$0M |
| IEX IDEX Corporationexit | −$0M |
| SSNC SS&C Technologies Holdings, Inexit | −$0M |
| ORI Old Republic International Corexit | −$0M |
| EXLS ExlService Holdings, Inc.exit | −$0M |
| HGTY Hagerty, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $113M | 185 | +11.01% | +17.59% | -6.58% | +0.00B |
| 2025-12-31 | $117M | 193 | +11.56% | +17.72% | -6.16% | +0.00B |
| 2025-09-30 | $116M | 186 | +12.55% | +17.52% | -4.96% | -0.00B |
| 2025-06-30 | $108M | 229 | +10.76% | +14.94% | -4.18% | -0.01B |
| 2025-03-31 | $107M | 275 | +3.32% | +8.30% | -4.98% | -0.00B |
| 2024-12-31 | $113M | 309 | +14.71% | +24.89% | -10.17% | +0.00B |
| 2024-09-30 | $111M | 335 | +6.56% | +5.75% | +0.81% | +0.00B |
| 2024-06-30 | $100M | 323 | -0.81% | +4.38% | -5.19% | -0.01B |
| 2024-03-31 | $107M | 333 | +7.21% | +10.39% | -3.18% | -0.01B |
| 2023-12-31 | $105M | 344 | — | — | — | — |