Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.37%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.48%
baseline attrition
Rally response
-5.57%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IEFAiShares Core MSCI EAFE E | $324M | 9.0% | — | 10.5 yr |
| VBVanguard Small-Cap ETF | $299M | 8.3% | — | 7.8 yr |
| IEMGiShares Core MSCI Emergi | $176M | 4.9% | — | 10.5 yr |
| SJNKState Street SPDR Bloomb | $172M | 4.8% | — | 3.5 yr |
| IVViShares Core S&P 500 ETF | $159M | 4.4% | — | 10.5 yr |
| JHMLJohn Hancock Investments | $122M | 3.4% | — | 6.3 yr |
| AAPLApple Inc. | $108M | 3.0% | +14.7% | 10.5 yr |
| XLKState Street Technology | $96M | 2.7% | — | 6.8 yr |
| XLCState Street Communicati | $71M | 2.0% | — | 6.8 yr |
| MSFTMicrosoft Corporation | $65M | 1.8% | -0.6% | 10.5 yr |
| NVDANVIDIA Corporation | $60M | 1.7% | +60.9% | 9.0 yr |
| VUGVanguard Growth ETF | $52M | 1.4% | — | 10.5 yr |
| RSPInvesco S&P 500 Equal We | $48M | 1.3% | — | 4.0 yr |
| XLVState Street Health Care | $46M | 1.3% | — | 9.3 yr |
| TSMTaiwan Semiconductor Man | $45M | 1.2% | +105.6% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management53.5%+6.7pp$1.93B
Semiconductors6.4%+1.6pp$233M
Asset Management - Bonds5.7%-7.3pp$206M
Drug Manufacturers - General4.9%+0.8pp$177M
Consumer Electronics3.0%-0.0pp$108M
Internet Content & Information2.4%+0.4pp$88M
Software - Infrastructure2.0%-0.1pp$72M
Banks - Diversified1.5%+0.3pp$53M
Industrial - Machinery1.3%-0.2pp$49M
Aerospace & Defense1.1%+0.5pp$40M
Country
US96.0%+0.3pp
IE1.5%-0.3pp
TW1.2%+0.3pp
NL0.4%+0.0pp
GB0.3%+0.1pp
CA0.3%-0.4pp
DK0.1%-0.1pp
SG0.1%
Top 5: 31.3% · Top 10: 44.0% · Top 25: 59.5%
Top buys this quarter · 15
| TROW T. Rowe Price Group, Inc. | +$5M |
| KMB Kimberly-Clark Corporation | +$5M |
| ABT Abbott Laboratories | +$5M |
| MKC McCormick & Company, Incorpora | +$4M |
| CRM Salesforce, Inc. | +$4M |
| DIS The Walt Disney Company | +$3M |
| NVDA NVIDIA Corporation | +$3M |
| CLX The Clorox Company | +$3M |
| AMZN Amazon.com, Inc. | +$36M |
| KO The Coca-Cola Company | +$2M |
Top sells this quarter · 15
| MU Micron Technology, Inc. | −$4M |
| AVGO Broadcom Inc. | −$4M |
| TSM Taiwan Semiconductor Manufactu | −$44M |
| CIEN Ciena Corporation | −$2M |
| UBER Uber Technologies, Inc.exit | −$1M |
| BSX Boston Scientific Corporation | −$1M |
| NET Cloudflare, Inc.exit | −$1M |
| JPM JPMorgan Chase & Co. | −$1M |
| CEG Constellation Energy Corporati | −$1M |
| EBAY eBay Inc.exit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.61B | 433 | +15.89% | +17.59% | -1.71% | -0.48B |
| 2025-12-31 | $4.18B | 459 | +13.02% | +17.72% | -4.69% | -0.03B |
| 2025-09-30 | $4.05B | 449 | +10.01% | +17.52% | -7.51% | +0.14B |
| 2025-06-30 | $3.67B | 413 | +9.31% | +14.94% | -5.63% | +0.21B |
| 2025-03-31 | $3.23B | 368 | +2.20% | +8.30% | -6.11% | -0.07B |
| 2024-12-31 | $3.47B | 380 | +13.40% | +24.89% | -11.49% | -0.27B |
| 2024-09-30 | $3.70B | 366 | +26.36% | +36.04% | -9.67% | +0.16B |
| 2024-06-30 | $3.34B | 349 | +15.97% | +24.49% | -8.52% | +0.08B |
| 2024-03-31 | $3.25B | 345 | +22.02% | +29.62% | -7.60% | +0.06B |
| 2023-12-31 | $3.02B | 331 | +22.52% | +26.18% | -3.66% | +0.10B |
| 2023-09-30 | $2.59B | 303 | +18.21% | +21.57% | -3.36% | -0.15B |
| 2023-06-30 | $2.82B | 308 | +14.60% | +19.42% | -4.83% | +0.25B |
| 2023-03-31 | $2.44B | 295 | -8.49% | -7.82% | -0.67% | -0.08B |
| 2022-12-31 | $2.37B | 287 | -17.80% | -18.17% | +0.38% | +0.28B |
| 2022-09-30 | $1.92B | 271 | -16.11% | -15.51% | -0.60% | +0.05B |
| 2022-06-30 | $1.98B | 273 | -10.37% | -10.62% | +0.25% | +0.37B |