Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
—
—
when a holding falls −10%+
Middle response
-9.32%
baseline attrition
Rally response
-3.49%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $1.11B | 34.2% | — | 10.3 yr |
| GOVTiShares U.S. Treasury Bo | $412M | 12.7% | — | 3.3 yr |
| SCHGSchwab U.S. Large-Cap Gr | $311M | 9.6% | — | 8.0 yr |
| SCHXSchwab U.S. Large-Cap ET | $238M | 7.3% | — | 4.0 yr |
| IXUSiShares Core MSCI Total | $202M | 6.2% | — | 1.5 yr |
| SCHFSchwab International Equ | $137M | 4.2% | — | 3.0 yr |
| VOOVanguard S&P 500 ETF | $126M | 3.9% | — | 1.3 yr |
| VTIVanguard Total Stock Mar | $95M | 2.9% | — | 2.0 yr |
| VTIPVanguard Short-Term Infl | $74M | 2.3% | — | 1.0 yr |
| CATHGlobal X - S&P 500 Catho | $58M | 1.8% | — | 9.5 yr |
| SCHESchwab Emerging Markets | $40M | 1.2% | — | 3.0 yr |
| VOTETCW Transform 500 ETF | $33M | 1.0% | — | 0.3 yr |
| AGGiShares Core U.S. Aggreg | $33M | 1.0% | — | 8.5 yr |
| SHViShares 0â1 Year Treas | $31M | 0.9% | — | 3.5 yr |
| VTHRVanguard Russell 3000 ET | $25M | 0.8% | — | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management94.7%-2.2pp$3.08B
Asset Management - Leveraged2.9%+2.1pp$95M
Asset Management - Bonds2.4%+0.2pp$78M
Consumer Electronics0.0%$0M
Semiconductors0.0%$0M
Biotechnology0.0%$0M
Country
US100.0%+0.0pp
Top 5: 69.9% · Top 10: 84.9% · Top 25: 95.3%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| ELUT Elutia Inc.new | +$0M |
| AAPL Apple Inc. | +$0M |
| VOTE TCW Transform 500 ETFnew | +$0M |
| FBLG FibroBiologics, Inc. Common Stnew | +$0M |
| CATH Global X - S&P 500 Catholic Va | +$0M |
| RSP Invesco S&P 500 Equal Weight E | +$0M |
| IVV iShares Core S&P 500 ETF | +$1.11B |
| AGG iShares Core U.S. Aggregate Bo | +$0M |
| IWP iShares Russell Mid-Cap Growthnew | +$0M |
| IWR iShares Russell Mid-Cap ETF | +$0M |
Top sells this quarter · 15
| LLY Eli Lilly and Companyexit | −$0M |
| MSFT Microsoft Corporationexit | −$0M |
| AVLV Avantis U.S. Large Cap Value E | −$0M |
| PRF Invesco RAFI US 1000 ETF | −$0M |
| EEM iShares MSCI Emerging Markets | −$0M |
| EFA iShares MSCI EAFE ETF | −$0M |
| ACWX iShares MSCI ACWI ex U.S. ETF | −$0M |
| ACWI iShares MSCI ACWI ETF | −$0M |
| SUSA iShares ESG Optimized MSCI USA | −$0M |
| ESGD iShares ESG Aware MSCI EAFE ET | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.25B | 73 | +81.78% | +17.59% | +64.19% | +0.46B |
| 2025-12-31 | $3.02B | 62 | +49.98% | +2.66% | +47.32% | -1.12B |
| 2025-09-30 | $2.76B | 75 | +8.42% | +8.12% | +0.29% | -0.04B |
| 2025-06-30 | $2.59B | 77 | +20.71% | +10.78% | +9.94% | -0.21B |
| 2025-03-31 | $2.31B | 48 | — | — | — | +0.17B |
| 2024-12-31 | $2.14B | 38 | +23.76% | +24.89% | -1.13% | +0.31B |
| 2024-09-30 | $1.81B | 33 | +32.31% | +36.04% | -3.73% | +0.08B |
| 2024-06-30 | $1.64B | 32 | +4.42% | +4.38% | +0.04% | -0.03B |
| 2024-03-31 | $1.60B | 38 | +10.69% | +10.39% | +0.30% | +0.08B |
| 2023-12-31 | $1.37B | 35 | +8.24% | +11.64% | -3.40% | +0.16B |
| 2023-09-30 | $1.13B | 33 | — | — | — | +0.04B |
| 2023-06-30 | $1.08B | 27 | — | — | — | +0.17B |
| 2023-03-31 | $912M | 24 | — | — | — | +0.14B |
| 2022-12-31 | $773M | 23 | +1.48% | +7.56% | -6.08% | -0.06B |
| 2022-09-30 | $817M | 23 | — | — | — | +0.04B |
| 2022-06-30 | $782M | 23 | -7.28% | -16.11% | +8.83% | +0.11B |