Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.15%
adds when stocks drop
when a holding falls −10%+
Middle response
-19.24%
baseline attrition
Rally response
-24.13%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VCSHVanguard Short-Term Corp | $44M | 2.8% | — | 0.5 yr |
| VCITVanguard Intermediate-Te | $32M | 2.0% | — | 0.3 yr |
| LQDiShares iBoxx $ Investme | $28M | 1.7% | — | 0.3 yr |
| HYGiShares iBoxx $ High Yie | $23M | 1.4% | — | 0.8 yr |
| IGSBiShares 1-5 Year Investm | $20M | 1.2% | — | 0.3 yr |
| JNKState Street SPDR Bloomb | $13M | 0.8% | — | 1.0 yr |
| SPSBState Street SPDR Portfo | $10M | 0.6% | — | 0.5 yr |
| FLOTiShares Floating Rate Bo | $8M | 0.5% | — | 0.5 yr |
| OZKBank OZK | $6M | 0.4% | +9.8% | 3.5 yr |
| SBLKStar Bulk Carriers Corp. | $6M | 0.4% | +51.7% | 6.3 yr |
| SPIBState Street SPDR Portfo | $6M | 0.4% | — | 0.3 yr |
| AMPAmeriprise Financial, In | $6M | 0.4% | -7.0% | 4.5 yr |
| SYFSynchrony Financial | $6M | 0.3% | +30.8% | 5.0 yr |
| GOOGLAlphabet Inc. | $5M | 0.3% | — | 8.3 yr |
| FROFrontline Ltd. | $5M | 0.3% | +150.6% | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management - Bonds11.5%$184M
Biotechnology6.1%-0.6pp$98M
Banks - Regional3.7%-0.9pp$59M
Software - Application3.5%-0.9pp$56M
Semiconductors2.9%+0.7pp$47M
Unknown2.6%+0.3pp$42M
Asset Management2.4%-0.5pp$38M
Oil & Gas Midstream2.3%+1.1pp$37M
Internet Content & Information2.1%+0.5pp$34M
Software - Infrastructure2.0%-0.7pp$33M
Country
US85.0%-1.6pp
Unknown2.6%+0.3pp
CN2.1%+0.6pp
CA2.1%+0.8pp
BM1.7%+0.7pp
GB1.0%-0.1pp
IE1.0%+0.2pp
GR0.5%+0.3pp
Top 5: 9.2% · Top 10: 11.9% · Top 25: 16.4%
Top buys this quarter · 15
| SYF Synchrony Financial | +$5M |
| QCOM QUALCOMM Incorporated | +$4M |
| HSY The Hershey Company | +$4M |
| OLLI Ollie's Bargain Outlet Holding | +$4M |
| AMP Ameriprise Financial, Inc. | +$4M |
| FIS Fidelity National Information | +$4M |
| BZ Kanzhun Limited | +$4M |
| YMM Full Truck Alliance Co. Ltd. | +$4M |
| B Barrick Mining Corporation | +$4M |
| CL Colgate-Palmolive Company | +$4M |
Top sells this quarter · 15
| CIEN Ciena Corporation | −$11M |
| ADV Advantage Solutions Inc.exit | −$6M |
| EOG EOG Resources, Inc.exit | −$6M |
| LNG Cheniere Energy, Inc. | −$5M |
| PFE Pfizer Inc.exit | −$5M |
| LITE Lumentum Holdings Inc. | −$4M |
| LPG Dorian LPG Ltd.exit | −$4M |
| ARWR Arrowhead Pharmaceuticals, Inc | −$4M |
| NVDA NVIDIA Corporation | −$4M |
| AEHR Aehr Test Systems | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.61B | 1661 | +30.47% | +17.59% | +12.87% | +0.40B |
| 2025-12-31 | $1.16B | 1613 | +19.20% | +17.72% | +1.48% | -0.09B |
| 2025-09-30 | $1.20B | 1592 | +20.24% | +17.52% | +2.72% | -0.39B |
| 2025-06-30 | $1.43B | 1689 | +7.73% | +14.94% | -7.21% | +0.23B |
| 2025-03-31 | $1.11B | 1594 | -0.84% | +8.30% | -9.15% | -0.17B |
| 2024-12-31 | $1.35B | 1555 | +12.76% | +24.89% | -12.13% | -0.04B |
| 2024-09-30 | $1.32B | 1533 | +17.12% | +36.04% | -18.92% | -0.11B |
| 2024-06-30 | $1.43B | 1573 | +12.32% | +24.49% | -12.17% | +0.18B |
| 2024-03-31 | $1.26B | 1550 | +14.32% | +29.62% | -15.31% | -0.02B |
| 2023-12-31 | $1.18B | 1431 | +8.29% | +26.18% | -17.88% | -0.09B |
| 2023-09-30 | $1.16B | 1434 | -21.01% | +21.57% | -42.58% | +0.21B |
| 2023-06-30 | $998M | 1453 | -69.89% | +19.42% | -89.32% | -0.02B |
| 2023-03-31 | $1.01B | 1425 | -82.47% | -7.82% | -74.66% | +0.19B |
| 2022-12-31 | $802M | 1389 | -20.33% | +7.56% | -27.89% | +0.20B |
| 2022-09-30 | $750M | 1455 | -63.46% | -4.93% | -58.53% | +0.51B |
| 2022-06-30 | $663M | 1334 | -41.19% | -16.11% | -25.08% | +0.23B |