Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+6.66%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.52%
baseline attrition
Rally response
-4.44%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $34M | 5.4% | +17.6% | 8.5 yr |
| AAPLApple Inc. | $28M | 4.3% | +14.7% | 10.5 yr |
| JMTGJPMorgan Mortgage-Backed | $25M | 3.9% | — | 0.5 yr |
| MSFTMicrosoft Corporation | $21M | 3.3% | -0.6% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $18M | 2.8% | +21.8% | 10.5 yr |
| GOOGLAlphabet Inc. | $16M | 2.4% | — | 10.5 yr |
| XLREState Street Real Estate | $15M | 2.4% | — | 0.8 yr |
| MCDMcDonald's Corporation | $13M | 2.0% | +1.8% | 10.5 yr |
| JNJJohnson & Johnson | $12M | 1.9% | +51.5% | 10.5 yr |
| LRCXLam Research Corporation | $10M | 1.6% | +196.1% | 1.3 yr |
| NEMNewmont Corporation | $10M | 1.6% | +127.1% | 4.3 yr |
| CSCOCisco Systems, Inc. | $10M | 1.6% | +28.1% | 10.5 yr |
| FMNBFarmers National Banc Co | $10M | 1.5% | +5.9% | 10.5 yr |
| PEPPepsiCo, Inc. | $9M | 1.5% | +7.7% | 10.5 yr |
| NEENextEra Energy, Inc. | $9M | 1.4% | +34.9% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management17.2%-0.3pp$110M
Software - Infrastructure6.0%-1.4pp$38M
Drug Manufacturers - General4.9%-0.7pp$31M
Consumer Electronics4.3%+0.1pp$28M
Banks - Diversified4.2%-0.8pp$27M
Asset Management - Income4.0%+3.9pp$25M
Internet Content & Information3.5%+0.8pp$22M
Semiconductors3.1%+2.4pp$20M
Regulated Electric3.0%-0.5pp$19M
Telecommunications Services2.3%-0.3pp$15M
Country
US97.5%+1.2pp
IE1.2%-1.0pp
CH0.9%-0.2pp
GB0.2%+0.0pp
CA0.0%-0.0pp
SG0.0%
Unknown0.0%
Top 5: 19.8% · Top 10: 30.1% · Top 25: 49.6%
Top buys this quarter · 15
| CPRT Copart, Inc.new | +$5M |
| KR The Kroger Co. | +$5M |
| NVDA NVIDIA Corporation | +$5M |
| AWK American Water Works Company, new | +$4M |
| KHC The Kraft Heinz Company | +$3M |
| FMNB Farmers National Banc Corp. | +$2M |
| AAPL Apple Inc. | +$2M |
| ORCL Oracle Corporation | +$2M |
| VICI VICI Properties Inc.new | +$2M |
| SO The Southern Company | +$2M |
Top sells this quarter · 15
| STX Seagate Technology Holdings pl | −$16M |
| VLO Valero Energy Corporation | −$7M |
| TWLO Twilio Inc. | −$5M |
| DUK Duke Energy Corporation | −$5M |
| EOG EOG Resources, Inc. | −$3M |
| KMB Kimberly-Clark Corporation | −$3M |
| MAA Mid-America Apartment Communit | −$3M |
| ACN Accenture plcexit | −$2M |
| LMT Lockheed Martin Corporation | −$2M |
| CSCO Cisco Systems, Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $637M | 203 | +21.46% | +17.59% | +3.87% | -0.00B |
| 2025-12-31 | $613M | 196 | +19.43% | +17.72% | +1.71% | +0.02B |
| 2025-09-30 | $580M | 195 | +17.44% | +17.52% | -0.08% | +0.01B |
| 2025-06-30 | $535M | 185 | +21.86% | +14.94% | +6.92% | -0.03B |
| 2025-03-31 | $532M | 187 | +15.20% | +8.30% | +6.90% | -0.02B |
| 2024-12-31 | $536M | 189 | +18.89% | +24.89% | -5.99% | -0.01B |
| 2024-09-30 | $536M | 191 | +29.58% | +36.04% | -6.46% | -0.01B |
| 2024-06-30 | $493M | 180 | +13.69% | +24.49% | -10.80% | -0.01B |
| 2024-03-31 | $497M | 177 | +17.72% | +29.62% | -11.91% | -0.01B |
| 2023-12-31 | $479M | 165 | +13.95% | +26.18% | -12.23% | +0.00B |
| 2023-09-30 | $433M | 153 | +16.69% | +21.57% | -4.87% | -0.02B |
| 2023-06-30 | $467M | 158 | +13.22% | +19.42% | -6.21% | -0.01B |
| 2023-03-31 | $453M | 156 | -5.51% | -7.82% | +2.31% | -0.00B |
| 2022-12-31 | $447M | 161 | -12.08% | -18.17% | +6.09% | -0.00B |
| 2022-09-30 | $400M | 146 | -13.38% | -15.51% | +2.13% | +0.01B |
| 2022-06-30 | $419M | 151 | -7.00% | -10.62% | +3.62% | +0.01B |