Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-7.11%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.36%
baseline attrition
Rally response
-10.37%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SGOViShares 0-3 Month Treasu | $112M | 15.1% | — | 0.3 yr |
| USFRWisdomTree Floating Rate | $62M | 8.4% | — | 1.0 yr |
| MTBASimplify MBS ETF | $41M | 5.5% | — | 2.0 yr |
| SPDWState Street SPDR Portfo | $35M | 4.7% | — | 6.0 yr |
| SPLGSPDR Portfolio S&P 500 E | $28M | 3.8% | — | 6.0 yr |
| SPEMState Street SPDR Portfo | $21M | 2.8% | — | 6.0 yr |
| AAPLApple Inc. | $20M | 2.7% | +14.7% | 10.5 yr |
| GOOGLAlphabet Inc. | $18M | 2.4% | — | 6.0 yr |
| JQUAJPMorgan U.S. Quality Fa | $15M | 2.0% | — | 5.5 yr |
| KCCAKraneShares California C | $14M | 1.9% | — | 4.5 yr |
| LBRTLiberty Energy Inc. | $14M | 1.8% | +86.0% | 0.5 yr |
| SIMOSilicon Motion Technolog | $13M | 1.7% | +127.9% | 1.0 yr |
| MSFTMicrosoft Corporation | $12M | 1.6% | -0.6% | 6.0 yr |
| DGROiShares Core Dividend Gr | $11M | 1.5% | — | 5.8 yr |
| NVDANVIDIA Corporation | $11M | 1.5% | +60.9% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management39.3%-2.7pp$292M
Asset Management - Bonds15.1%$112M
Semiconductors4.0%+1.9pp$30M
Software - Application3.4%-0.3pp$25M
Internet Content & Information3.1%+0.3pp$23M
Consumer Electronics2.7%-1.5pp$20M
Software - Infrastructure2.0%-2.4pp$15M
Oil & Gas Equipment & Services1.9%+0.1pp$14M
Unknown1.8%+1.6pp$13M
Hardware, Equipment & Parts1.7%+0.1pp$13M
Country
US94.1%-1.4pp
Unknown1.8%+1.6pp
HK1.7%
CA1.2%-0.9pp
IL0.5%-0.7pp
CH0.4%+0.1pp
GB0.1%+0.1pp
IE0.1%-0.0pp
Top 5: 37.5% · Top 10: 49.3% · Top 25: 68.3%
Top buys this quarter · 15
| CRM Salesforce, Inc. | +$8M |
| NVDA NVIDIA Corporation | +$8M |
| ARES Ares Management Corporationnew | +$7M |
| TFII TFI International Inc.new | +$7M |
| SPT Sprout Social, Inc.new | +$6M |
| DAR Darling Ingredients Inc.new | +$5M |
| NSP Insperity, Inc. | +$2M |
| NICE NICE Ltd. | +$2M |
| SIMO Silicon Motion Technology Corp | +$1M |
| MSFT Microsoft Corporation | +$12M |
Top sells this quarter · 15
| WDC Western Digital Corporation | −$16M |
| SNDK Sandisk Corporation | −$6M |
| POST Post Holdings, Inc.exit | −$8M |
| MGA Magna International Inc.exit | −$7M |
| MNDY monday.com Ltd.exit | −$0M |
| LVS Las Vegas Sands Corp.exit | −$0M |
| SCHW The Charles Schwab Corporationexit | −$0M |
| EXAS Exact Sciences Corporationexit | −$0M |
| THC Tenet Healthcare Corporationexit | −$0M |
| ESTC Elastic N.V.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $743M | 262 | +31.91% | +17.59% | +14.32% | +0.12B |
| 2025-12-31 | $621M | 219 | +16.47% | +17.72% | -1.25% | -0.00B |
| 2025-09-30 | $592M | 175 | +13.78% | +17.52% | -3.74% | +0.08B |
| 2025-06-30 | $453M | 152 | +11.40% | +14.94% | -3.54% | +0.00B |
| 2025-03-31 | $408M | 135 | +1.47% | +8.30% | -6.83% | +0.03B |
| 2024-12-31 | $432M | 117 | +21.70% | +24.89% | -3.19% | -0.03B |
| 2024-09-30 | $446M | 118 | +39.12% | +36.04% | +3.08% | +0.00B |
| 2024-06-30 | $403M | 111 | +17.36% | +24.49% | -7.13% | +0.05B |
| 2024-03-31 | $354M | 120 | +25.97% | +29.62% | -3.65% | -0.02B |
| 2023-12-31 | $354M | 120 | +26.95% | +26.18% | +0.77% | -0.02B |
| 2023-09-30 | $317M | 109 | +17.50% | +21.57% | -4.07% | +0.03B |
| 2023-06-30 | $311M | 102 | +22.95% | +19.42% | +3.53% | -0.32B |
| 2023-03-31 | $585M | 131 | -8.55% | -7.82% | -0.73% | +0.02B |
| 2022-12-31 | $528M | 138 | +9.31% | +7.56% | +1.75% | +0.01B |
| 2022-09-30 | $476M | 119 | -2.92% | -4.93% | +2.01% | -0.01B |
| 2022-06-30 | $504M | 119 | -19.26% | -16.11% | -3.15% | +0.26B |