Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.05%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.46%
baseline attrition
Rally response
-2.61%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VEAVanguard FTSE Developed | $250M | 11.1% | — | 10.5 yr |
| IVViShares Core S&P 500 ETF | $187M | 8.3% | — | 10.5 yr |
| XOMExxon Mobil Corporation | $115M | 5.1% | +47.6% | 10.5 yr |
| PRFInvesco RAFI US 1000 ETF | $94M | 4.2% | — | 5.5 yr |
| IJHiShares Core S&P Mid-Cap | $92M | 4.1% | — | 10.5 yr |
| EFAiShares MSCI EAFE ETF | $85M | 3.8% | — | 10.5 yr |
| DONWisdomTree U.S. MidCap D | $83M | 3.7% | — | 10.5 yr |
| VTIVanguard Total Stock Mar | $45M | 2.0% | — | 10.5 yr |
| AVGOBroadcom Inc. | $38M | 1.7% | +86.0% | 7.8 yr |
| SDYState Street SPDR S&P Di | $37M | 1.7% | — | 10.5 yr |
| AAPLApple Inc. | $33M | 1.5% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $33M | 1.5% | -0.6% | 10.5 yr |
| DHSWisdomTree U.S. High Div | $33M | 1.4% | — | 10.5 yr |
| DFLVDimensional - US Large C | $30M | 1.3% | — | 2.0 yr |
| LRCXLam Research Corporation | $24M | 1.1% | +196.1% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management56.9%+1.1pp$1.28B
Oil & Gas Integrated5.8%+2.8pp$130M
Semiconductors4.0%+1.0pp$90M
Drug Manufacturers - General2.9%-0.1pp$66M
Oil & Gas Midstream2.5%-0.1pp$56M
Banks - Diversified2.1%-0.3pp$47M
Software - Infrastructure2.0%-0.7pp$46M
Aerospace & Defense1.6%+0.0pp$36M
Internet Content & Information1.5%+0.2pp$34M
Consumer Electronics1.5%-0.2pp$33M
Country
US99.2%+0.4pp
IE0.5%-0.4pp
CA0.1%+0.1pp
Unknown0.1%+0.0pp
GB0.0%+0.0pp
CH0.0%+0.0pp
FR0.0%-0.0pp
DE0.0%-0.0pp
Top 5: 32.8% · Top 10: 45.7% · Top 25: 60.3%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| LRCX | $12M | +0.02B | 196.1% |
| AVGO | $26M | +0.02B | 86.0% |
| XOM | $46M | +0.02B | 47.6% |
| CMI | $12M | +0.01B | 74.8% |
| GOOG | $9M | +0.01B | 84.3% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $39M | -0.00B | -0.6% |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.25B | 334 | +19.43% | +17.59% | +1.83% | -0.16B |
| 2025-12-31 | $2.38B | 304 | +17.53% | +17.72% | -0.18% | +0.00B |
| 2025-09-30 | $2.32B | 306 | +16.23% | +17.52% | -1.29% | -0.01B |
| 2025-06-30 | $2.18B | 303 | +16.48% | +14.94% | +1.54% | +0.01B |
| 2025-03-31 | $2.01B | 291 | +8.79% | +8.30% | +0.49% | +0.01B |
| 2024-12-31 | $2.01B | 289 | +19.47% | +24.89% | -5.42% | -0.03B |
| 2024-09-30 | $2.02B | 287 | +28.70% | +36.04% | -7.34% | -0.05B |
| 2024-06-30 | $1.93B | 283 | +16.90% | +24.49% | -7.59% | -0.03B |
| 2024-03-31 | $1.94B | 284 | +20.27% | +29.62% | -9.35% | -0.04B |
| 2023-12-31 | $1.82B | 271 | +12.39% | +26.18% | -13.79% | -0.05B |
| 2023-09-30 | $1.71B | 265 | +14.26% | +21.57% | -7.31% | -0.09B |
| 2023-06-30 | $1.85B | 270 | +10.95% | +19.42% | -8.47% | -0.12B |
| 2023-03-31 | $1.90B | 282 | -3.37% | -7.82% | +4.45% | -0.10B |
| 2022-12-31 | $1.97B | 331 | -9.60% | -18.17% | +8.57% | +0.14B |
| 2022-09-30 | $1.64B | 281 | -9.49% | -15.51% | +6.01% | -0.00B |
| 2022-06-30 | $1.74B | 284 | -3.69% | -10.62% | +6.93% | -0.15B |