Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.18%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.59%
steady accumulation
Rally response
-2.40%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GSLCGoldman Sachs ActiveBeta | $45M | 6.0% | — | 6.0 yr |
| AAPLApple Inc. | $36M | 4.8% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $31M | 4.1% | -0.6% | 10.5 yr |
| FBNDFidelity Total Bond ETF | $28M | 3.7% | — | 3.3 yr |
| ISTBiShares Core 1-5 Year US | $23M | 3.1% | — | 4.0 yr |
| QQQMInvesco NASDAQ 100 ETF | $22M | 2.9% | — | 4.0 yr |
| IHDGWisdomTree International | $20M | 2.7% | — | 4.0 yr |
| AMGNAmgen Inc. | $18M | 2.4% | +16.5% | 10.5 yr |
| XMHQInvesco S&P MidCap Quali | $18M | 2.3% | — | 2.5 yr |
| SCHDSchwab U.S. Dividend Equ | $18M | 2.3% | — | 4.0 yr |
| CGMUCapital Group Municipal | $15M | 2.0% | — | 1.0 yr |
| AVGOBroadcom Inc. | $15M | 2.0% | +86.0% | 6.3 yr |
| APLDApplied Digital Corporat | $12M | 1.6% | +322.4% | 3.0 yr |
| CGDVCapital Group Dividend V | $11M | 1.5% | — | 2.8 yr |
| JNJJohnson & Johnson | $11M | 1.4% | +51.5% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management24.4%+2.3pp$184M
Asset Management - Bonds8.0%+1.0pp$61M
Drug Manufacturers - General6.3%-0.5pp$47M
Software - Infrastructure5.4%-0.9pp$41M
Consumer Electronics4.9%-0.7pp$37M
Asset Management - Income4.0%+2.5pp$30M
Semiconductors3.3%+0.6pp$25M
Information Technology Services3.1%-2.1pp$23M
Hardware, Equipment & Parts3.0%+1.3pp$23M
Medical - Devices2.6%-0.6pp$20M
Country
US97.6%+0.8pp
IE0.8%-0.7pp
NL0.5%-0.1pp
GB0.3%-0.2pp
Unknown0.3%+0.2pp
CA0.2%+0.1pp
IL0.1%-0.0pp
DK0.1%-0.1pp
Top 5: 21.7% · Top 10: 34.3% · Top 25: 53.2%
Top buys this quarter · 15
| BW Babcock & Wilcox Enterprises, new | +$3M |
| FWRG First Watch Restaurant Group, new | +$2M |
| GS The Goldman Sachs Group, Inc. | +$1M |
| FOUR Shift4 Payments, Inc. | +$6M |
| ELMD Electromed, Inc. | +$1M |
| GPC Genuine Parts Company | +$1M |
| NEE NextEra Energy, Inc. | +$0M |
| PCG PG&E Corporationnew | +$0M |
| RKLB Rocket Lab USA, Inc.new | +$0M |
| AXP American Express Company | +$0M |
Top sells this quarter · 15
| TROW T. Rowe Price Group, Inc. | −$2M |
| EXPE Expedia Group, Inc. | −$1M |
| GLW Corning Incorporated | −$7M |
| PANW Palo Alto Networks, Inc. | −$1M |
| LLY Eli Lilly and Company | −$1M |
| FIX Comfort Systems USA, Inc. | −$3M |
| RIO Rio Tinto Group | −$1M |
| TPL Texas Pacific Land Corporation | −$4M |
| SCCO Southern Copper Corporation | −$1M |
| DAR Darling Ingredients Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $756M | 274 | +16.29% | +17.59% | -1.30% | +0.02B |
| 2025-12-31 | $748M | 249 | +14.87% | +17.72% | -2.85% | +0.01B |
| 2025-09-30 | $719M | 256 | +11.31% | +17.52% | -6.21% | -0.01B |
| 2025-06-30 | $674M | 251 | +10.24% | +14.94% | -4.70% | -0.02B |
| 2025-03-31 | $648M | 247 | +3.26% | +8.30% | -5.04% | +0.01B |
| 2024-12-31 | $657M | 254 | +13.45% | +24.89% | -11.44% | +0.01B |
| 2024-09-30 | $646M | 257 | +19.30% | +36.04% | -16.73% | +0.01B |
| 2024-06-30 | $595M | 252 | +4.02% | +24.49% | -20.47% | +0.00B |
| 2024-03-31 | $595M | 259 | +8.93% | +29.62% | -20.69% | +0.01B |
| 2023-12-31 | $546M | 258 | +7.02% | +26.18% | -19.16% | +0.03B |
| 2023-09-30 | $492M | 250 | +8.75% | +21.57% | -12.82% | +0.01B |
| 2023-06-30 | $512M | 249 | +8.48% | +19.42% | -10.94% | +0.02B |
| 2023-03-31 | $467M | 256 | -4.49% | -7.82% | +3.32% | +0.03B |
| 2022-12-31 | $415M | 231 | +6.49% | +7.56% | -1.07% | +0.00B |
| 2022-09-30 | $386M | 222 | -6.95% | -4.93% | -2.02% | +0.01B |
| 2022-06-30 | $405M | 226 | -7.87% | -16.11% | +8.24% | +0.12B |