Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.78%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.08%
baseline attrition
Rally response
-0.03%
trims into rallies
when a holding rises +10%+
Top positions · 20
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| FGF&G Annuities & Life, In | $2.40B | 88.3% | -27.5% | 3.5 yr |
| CCAPCrescent Capital BDC, In | $51M | 1.9% | -22.0% | 6.0 yr |
| VICIVICI Properties Inc. | $27M | 1.0% | -11.1% | 4.0 yr |
| TXTTextron Inc. | $26M | 1.0% | +21.3% | 2.0 yr |
| PEPPepsiCo, Inc. | $23M | 0.9% | +7.7% | 9.8 yr |
| METAMeta Platforms, Inc. | $21M | 0.8% | -0.4% | 0.3 yr |
| AMGNAmgen Inc. | $16M | 0.6% | +16.5% | 0.3 yr |
| — | $15M | 0.6% | — | 3.3 yr |
| ORCLOracle Corporation | $15M | 0.6% | +5.9% | 0.5 yr |
| PGThe Procter & Gamble Com | $15M | 0.6% | -12.9% | 1.5 yr |
| ACIAlbertsons Companies, In | $15M | 0.6% | -20.1% | 0.3 yr |
| HRLHormel Foods Corporation | $15M | 0.6% | -23.5% | 0.5 yr |
| KDPKeurig Dr Pepper Inc. | $14M | 0.5% | -21.2% | 0.5 yr |
| — | $14M | 0.5% | — | 0.3 yr |
| TROWT. Rowe Price Group, Inc | $13M | 0.5% | +3.4% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Insurance - Life88.3%-1.0pp$2.40B
Asset Management2.8%+1.2pp$77M
Beverages - Non-Alcoholic1.4%+0.9pp$38M
Unknown1.4%-0.0pp$37M
REIT - Specialty1.0%+0.3pp$27M
Aerospace & Defense1.0%-0.1pp$26M
Internet Content & Information0.8%$21M
Drug Manufacturers - General0.6%$16M
Software - Infrastructure0.6%$15M
Household & Personal Products0.6%$15M
Country
US98.6%+0.0pp
Unknown1.4%-0.0pp
Top 5: 93.0% · Top 10: 96.0% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.72B | 20 | -27.72% | +17.59% | -45.32% | -0.05B |
| 2025-12-31 | $3.31B | 21 | -23.72% | +17.72% | -41.44% | -0.47B |
| 2025-09-30 | $3.82B | 14 | -27.67% | +17.52% | -45.19% | -0.04B |
| 2025-06-30 | $3.97B | 13 | -13.67% | +14.94% | -28.61% | -0.06B |
| 2025-03-31 | $4.48B | 14 | -10.03% | +8.30% | -18.33% | +0.11B |
| 2024-12-31 | $4.95B | 16 | -7.44% | +24.89% | -32.33% | -0.12B |
| 2024-09-30 | $5.42B | 18 | +55.10% | +36.04% | +19.06% | -1.46B |
| 2024-06-30 | $5.91B | 20 | +47.19% | +24.49% | +22.69% | +1.19B |
| 2024-03-31 | $5.04B | 24 | +103.76% | +29.62% | +74.14% | -0.03B |
| 2023-12-31 | $5.59B | 26 | +110.18% | +26.18% | +84.01% | -0.11B |
| 2023-09-30 | $3.63B | 31 | +43.85% | +21.57% | +22.29% | +0.01B |
| 2023-06-30 | $3.28B | 33 | +25.62% | +19.42% | +6.20% | -0.10B |
| 2023-03-31 | $2.61B | 33 | -17.00% | -7.82% | -9.18% | +0.03B |
| 2022-12-31 | $2.76B | 33 | +7.32% | +7.56% | -0.24% | +2.05B |
| 2022-09-30 | $653M | 33 | -3.58% | -4.93% | +1.35% | -0.02B |
| 2022-06-30 | $700M | 33 | -14.31% | -16.11% | +1.80% | -0.16B |