Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.05%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.18%
steady accumulation
Rally response
-6.10%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IJRiShares Core S&P Small-C | $47M | 5.2% | — | 9.0 yr |
| IGSBiShares 1-5 Year Investm | $39M | 4.3% | — | 8.0 yr |
| MBBiShares MBS ETF | $38M | 4.2% | — | 1.5 yr |
| IDEViShares Core MSCI Intern | $37M | 4.1% | — | 3.5 yr |
| IJHiShares Core S&P Mid-Cap | $35M | 3.8% | — | 9.0 yr |
| AAPLApple Inc. | $28M | 3.0% | +14.7% | 10.5 yr |
| EMXCiShares MSCI Emerging Ma | $26M | 2.8% | — | 1.3 yr |
| CATCaterpillar Inc. | $24M | 2.6% | +117.8% | 6.0 yr |
| USHYiShares Broad USD High Y | $24M | 2.6% | — | 0.3 yr |
| ASMLASML Holding N.V. | $24M | 2.6% | +100.9% | 3.0 yr |
| MSFTMicrosoft Corporation | $23M | 2.5% | -0.6% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $22M | 2.4% | +21.8% | 10.5 yr |
| AMZNAmazon.com, Inc. | $21M | 2.4% | +9.5% | 8.0 yr |
| MRKMerck & Co., Inc. | $21M | 2.4% | +38.9% | 10.5 yr |
| CSCOCisco Systems, Inc. | $20M | 2.2% | +28.1% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management29.4%-0.1pp$266M
Asset Management - Bonds10.2%+1.8pp$92M
Semiconductors6.0%+2.8pp$55M
Drug Manufacturers - General6.0%+0.6pp$54M
Banks - Diversified5.7%-0.2pp$52M
Oil & Gas Integrated4.1%+0.4pp$37M
Consumer Electronics3.0%-0.3pp$28M
Agricultural - Machinery2.7%+0.7pp$24M
Software - Infrastructure2.6%-0.4pp$24M
Specialty Retail2.4%-0.2pp$21M
Country
US92.6%-0.6pp
IE2.8%-0.3pp
NL2.6%+0.7pp
GB1.9%+0.3pp
TW0.1%+0.1pp
IL0.0%-0.0pp
Top 5: 21.6% · Top 10: 35.3% · Top 25: 65.0%
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$23M |
| THO Thor Industries, Inc.new | +$2M |
| PEP PepsiCo, Inc. | +$2M |
| AMZN Amazon.com, Inc. | +$21M |
| PFE Pfizer Inc. | +$1M |
| PG The Procter & Gamble Company | +$1M |
| UPS United Parcel Service, Inc. | +$1M |
| AXP American Express Company | +$14M |
| AZN AstraZeneca PLCnew | +$1M |
| HD The Home Depot, Inc. | +$1M |
Top sells this quarter · 15
| FIBK First Interstate BancSystem, I | −$2M |
| ASML ASML Holding N.V. | −$21M |
| CAT Caterpillar Inc. | −$21M |
| EBMT Eagle Bancorp Montana, Inc.exit | −$1M |
| COLB Columbia Banking System, Inc.exit | −$0M |
| INTC Intel Corporationexit | −$0M |
| ATLO Ames National Corporationexit | −$0M |
| PM Philip Morris International In | −$0M |
| JNJ Johnson & Johnson | −$0M |
| MU Micron Technology, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $906M | 178 | +21.27% | +17.59% | +3.67% | +0.02B |
| 2025-12-31 | $863M | 186 | +15.99% | +17.72% | -1.73% | +0.02B |
| 2025-09-30 | $805M | 174 | +10.27% | +17.52% | -7.24% | +0.01B |
| 2025-06-30 | $736M | 173 | +9.51% | +14.94% | -5.43% | +0.03B |
| 2025-03-31 | $675M | 165 | +5.18% | +8.30% | -3.12% | +0.05B |
| 2024-12-31 | $638M | 164 | +17.44% | +24.89% | -7.45% | -0.00B |
| 2024-09-30 | $643M | 181 | +29.77% | +36.04% | -6.27% | +0.03B |
| 2024-06-30 | $570M | 175 | +18.81% | +24.49% | -5.68% | +0.00B |
| 2024-03-31 | $566M | 177 | +23.41% | +29.62% | -6.21% | +0.01B |
| 2023-12-31 | $501M | 174 | +14.97% | +26.18% | -11.21% | +0.00B |
| 2023-09-30 | $454M | 183 | +18.88% | +21.57% | -2.69% | -0.00B |
| 2023-06-30 | $465M | 192 | +12.05% | +19.42% | -7.37% | -0.00B |
| 2023-03-31 | $447M | 198 | -1.83% | -7.82% | +5.99% | +0.00B |
| 2022-12-31 | $434M | 194 | -8.70% | -18.17% | +9.47% | +0.02B |
| 2022-09-30 | $368M | 173 | -10.72% | -15.51% | +4.79% | +0.01B |
| 2022-06-30 | $392M | 177 | -2.46% | -10.62% | +8.16% | -0.05B |