Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.07%
trims when stocks drop
when a holding falls −10%+
Middle response
-9.10%
baseline attrition
Rally response
-0.23%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| WFCWells Fargo & Company | $75M | 5.7% | +13.3% | 10.3 yr |
| XOMExxon Mobil Corporation | $70M | 5.3% | +47.6% | 10.3 yr |
| SHELShell plc | $61M | 4.6% | +32.0% | 4.3 yr |
| AAPLApple Inc. | $53M | 4.0% | +14.7% | 10.3 yr |
| GSThe Goldman Sachs Group, | $47M | 3.5% | +58.1% | 10.3 yr |
| CVXChevron Corporation | $37M | 2.8% | +29.2% | 10.3 yr |
| MSFTMicrosoft Corporation | $33M | 2.5% | -0.6% | 10.3 yr |
| CATCaterpillar Inc. | $32M | 2.4% | +117.8% | 7.3 yr |
| AATAmerican Assets Trust, I | $27M | 2.1% | -2.1% | 10.3 yr |
| PSXPhillips 66 | $24M | 1.8% | +53.0% | 9.8 yr |
| RGTIRigetti Computing, Inc. | $23M | 1.7% | +77.3% | 3.8 yr |
| TSMTaiwan Semiconductor Man | $20M | 1.5% | +105.6% | 3.5 yr |
| WMTWalmart Inc. | $20M | 1.5% | +42.8% | 4.5 yr |
| CCitigroup Inc. | $18M | 1.4% | +63.9% | 10.3 yr |
| COFCapital One Financial Co | $18M | 1.4% | +3.1% | 10.0 yr |
Portfolio composition (YoY)
Industry mix
Banks - Diversified13.9%-1.4pp$184M
Oil & Gas Integrated13.7%+5.5pp$181M
Drug Manufacturers - General7.5%+1.4pp$99M
Financial - Capital Markets5.7%+1.8pp$75M
Regulated Electric4.3%+0.6pp$57M
Consumer Electronics4.0%+0.6pp$53M
Agricultural - Machinery3.3%+1.5pp$43M
Computer Hardware3.0%+0.6pp$39M
Software - Infrastructure2.7%+0.2pp$36M
Semiconductors2.6%+1.4pp$35M
Country
US82.3%-5.1pp
GB5.9%+3.0pp
CA4.1%+1.3pp
Unknown2.4%-0.6pp
TW1.5%+0.8pp
FR1.3%+0.3pp
CH1.2%+0.3pp
IE0.6%+0.0pp
Top 5: 23.0% · Top 10: 34.6% · Top 25: 53.8%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.32B | 141 | +31.46% | +17.59% | +13.86% | -0.01B |
| 2025-12-31 | $1.29B | 142 | +21.72% | +17.72% | +4.00% | -0.13B |
| 2025-09-30 | $1.36B | 142 | +29.50% | +17.52% | +11.98% | -0.05B |
| 2025-06-30 | $1.24B | 143 | +22.17% | +14.94% | +7.22% | -0.20B |
| 2025-03-31 | $1.35B | 180 | +14.80% | +8.30% | +6.50% | +0.17B |
| 2024-12-31 | $1.22B | 155 | +31.16% | +24.89% | +6.28% | -0.05B |
| 2024-09-30 | $1.14B | 160 | +29.25% | +36.04% | -6.79% | -0.00B |
| 2024-06-30 | $1.07B | 161 | +18.55% | +24.49% | -5.94% | +0.01B |
| 2024-03-31 | $1.05B | 168 | +22.64% | +29.62% | -6.98% | -0.01B |
| 2023-12-31 | $969M | 171 | +9.80% | +26.18% | -16.38% | -0.01B |
| 2023-09-30 | $896M | 170 | +12.71% | +21.57% | -8.85% | +0.01B |
| 2023-06-30 | $899M | 173 | +7.70% | +19.42% | -11.73% | -0.00B |
| 2023-03-31 | $867M | 173 | -9.41% | -7.82% | -1.59% | +0.02B |
| 2022-12-31 | $862M | 173 | +12.22% | +7.56% | +4.66% | +0.00B |
| 2022-09-30 | $768M | 175 | -5.95% | -4.93% | -1.02% | +0.01B |
| 2022-06-30 | $801M | 170 | -12.61% | -16.11% | +3.50% | -0.02B |