Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.40%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.77%
steady accumulation
Rally response
+0.78%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $68M | 5.4% | +17.6% | 10.3 yr |
| AAPLApple Inc. | $57M | 4.5% | +14.7% | 10.3 yr |
| IVViShares Core S&P 500 ETF | $47M | 3.7% | — | 10.3 yr |
| MSFTMicrosoft Corporation | $44M | 3.5% | -0.6% | 10.3 yr |
| GOOGLAlphabet Inc. | $43M | 3.4% | — | 10.3 yr |
| WMTWalmart Inc. | $39M | 3.1% | +42.8% | 10.3 yr |
| NVDANVIDIA Corporation | $38M | 3.0% | +60.9% | 4.5 yr |
| AVGOBroadcom Inc. | $34M | 2.7% | +86.0% | 6.0 yr |
| VSLUApplied Finance Valuatio | $34M | 2.7% | — | 3.0 yr |
| XLKState Street Technology | $31M | 2.4% | — | 6.8 yr |
| JNJJohnson & Johnson | $28M | 2.2% | +51.5% | 10.3 yr |
| AMZNAmazon.com, Inc. | $28M | 2.2% | +9.5% | 9.0 yr |
| EMREmerson Electric Co. | $25M | 1.9% | +21.5% | 9.5 yr |
| BRK-BBerkshire Hathaway Inc. | $23M | 1.8% | — | 10.3 yr |
| JPMJPMorgan Chase & Co. | $22M | 1.8% | +21.8% | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management30.3%+5.2pp$382M
Semiconductors7.5%+1.6pp$94M
Drug Manufacturers - General5.4%-0.5pp$68M
Consumer Electronics4.5%+1.2pp$57M
Internet Content & Information4.5%+0.7pp$57M
Software - Infrastructure3.8%-0.3pp$49M
Industrial - Machinery3.3%-0.1pp$42M
Discount Stores3.3%+0.4pp$41M
Aerospace & Defense2.7%+0.6pp$35M
Banks - Diversified2.7%-0.3pp$34M
Country
US99.8%+2.2pp
CA0.1%-0.4pp
TW0.1%+0.0pp
NL0.0%
IE0.0%-1.8pp
Top 5: 20.5% · Top 10: 34.4% · Top 25: 57.1%
Top buys this quarter · 15
| BR Broadridge Financial Solutionsnew | +$7M |
| UBER Uber Technologies, Inc. | +$5M |
| LLY Eli Lilly and Company | +$4M |
| V Visa Inc. | +$3M |
| TOWN TowneBanknew | +$1M |
| CSL Carlisle Companies Incorporate | +$1M |
| META Meta Platforms, Inc. | +$13M |
| PANW Palo Alto Networks, Inc. | +$0M |
| TSLA Tesla, Inc. | +$7M |
| NOW ServiceNow, Inc. | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.26B | 195 | +13.87% | +17.59% | -3.72% | -0.03B |
| 2025-12-31 | $1.33B | 195 | +13.43% | +17.72% | -4.29% | -0.01B |
| 2025-09-30 | $1.31B | 193 | +11.67% | +17.52% | -5.84% | +0.00B |
| 2025-06-30 | $1.23B | 197 | +12.98% | +14.94% | -1.96% | -0.00B |
| 2025-03-31 | $1.14B | 188 | +5.15% | +8.30% | -3.15% | -0.00B |
| 2024-12-31 | $1.19B | 186 | +17.02% | +24.89% | -7.87% | -0.00B |
| 2024-09-30 | $1.18B | 191 | +29.85% | +36.04% | -6.19% | -0.02B |
| 2024-06-30 | $1.11B | 187 | +15.18% | +24.49% | -9.31% | +0.00B |
| 2024-03-31 | $1.11B | 182 | +22.91% | +29.62% | -6.71% | +0.05B |
| 2023-12-31 | $983M | 167 | +20.13% | +26.18% | -6.05% | -0.01B |
| 2023-09-30 | $887M | 166 | +17.84% | +21.57% | -3.73% | -0.00B |
| 2023-06-30 | $931M | 171 | +18.02% | +19.42% | -1.40% | -0.01B |
| 2023-03-31 | $880M | 170 | -3.95% | -7.82% | +3.87% | -0.01B |
| 2022-12-31 | $848M | 176 | -12.70% | -18.17% | +5.47% | -0.01B |
| 2022-09-30 | $781M | 167 | -11.64% | -15.51% | +3.86% | +0.01B |
| 2022-06-30 | $810M | 163 | -7.09% | -10.62% | +3.53% | -0.01B |