Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.27%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.83%
steady accumulation
Rally response
-0.08%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SCHBSchwab U.S. Broad Market | $177M | 20.3% | — | 10.5 yr |
| VGITVanguard Intermediate-Te | $70M | 8.1% | — | 3.0 yr |
| VEAVanguard FTSE Developed | $52M | 6.0% | — | 10.5 yr |
| VCITVanguard Intermediate-Te | $51M | 5.9% | — | 7.5 yr |
| VWOVanguard FTSE Emerging M | $27M | 3.1% | — | 10.5 yr |
| TSMTaiwan Semiconductor Man | $27M | 3.1% | +105.6% | 10.5 yr |
| ESGVVanguard ESG U.S. Stock | $26M | 2.9% | — | 7.0 yr |
| GLWCorning Incorporated | $19M | 2.2% | +201.5% | 10.5 yr |
| MSFTMicrosoft Corporation | $18M | 2.0% | -0.6% | 10.5 yr |
| VSGXVanguard ESG Internation | $18M | 2.0% | — | 7.0 yr |
| SCHFSchwab International Equ | $15M | 1.8% | — | 10.5 yr |
| VCEBVanguard ESG U.S. Corpor | $13M | 1.5% | — | 5.0 yr |
| STXSeagate Technology Holdi | $13M | 1.5% | +366.3% | 4.8 yr |
| AAPLApple Inc. | $13M | 1.5% | +14.7% | 10.3 yr |
| SCHWThe Charles Schwab Corpo | $12M | 1.4% | +21.5% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management51.8%+1.2pp$450M
Asset Management - Bonds6.4%-0.0pp$56M
Semiconductors4.3%+1.1pp$37M
Drug Manufacturers - General3.1%-0.3pp$27M
Software - Infrastructure2.4%-0.9pp$21M
Hardware, Equipment & Parts2.4%+1.2pp$21M
Internet Content & Information2.0%+0.4pp$18M
Discount Stores1.6%-0.3pp$14M
Consumer Electronics1.6%-0.3pp$14M
Computer Hardware1.5%+1.0pp$13M
Country
US92.5%-1.4pp
TW3.1%+0.8pp
SG1.5%+1.0pp
CH0.8%+0.1pp
IE0.7%-0.2pp
CN0.3%-0.1pp
CA0.3%+0.1pp
GB0.3%+0.0pp
Top 5: 43.4% · Top 10: 55.6% · Top 25: 72.6%
Top buys this quarter · 15
| TSLA Tesla, Inc. | +$3M |
| WM Waste Management, Inc. | +$2M |
| AMT American Tower Corporation | +$1M |
| WMT Walmart Inc. | +$1M |
| AZN AstraZeneca PLCnew | +$1M |
| NSC Norfolk Southern Corporation | +$1M |
| EMR Emerson Electric Co. | +$1M |
| MSFT Microsoft Corporation | +$18M |
| TD The Toronto-Dominion Bank | +$1M |
| GOOG Alphabet Inc. | +$1M |
Top sells this quarter · 15
| KRC Kilroy Realty Corporation | −$2M |
| PFE Pfizer Inc. | −$2M |
| TSM Taiwan Semiconductor Manufactu | −$25M |
| STX Seagate Technology Holdings pl | −$10M |
| DIS The Walt Disney Company | −$0M |
| PEG Public Service Enterprise Grouexit | −$0M |
| ROP Roper Technologies, Inc. | −$0M |
| CAT Caterpillar Inc. | −$5M |
| NNN NNN REIT, Inc.exit | −$0M |
| MCK McKesson Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $869M | 521 | +28.64% | +17.59% | +11.04% | +0.01B |
| 2025-12-31 | $832M | 477 | +22.45% | +17.72% | +4.73% | +0.00B |
| 2025-09-30 | $794M | 500 | +18.92% | +17.52% | +1.40% | -0.02B |
| 2025-06-30 | $748M | 471 | +14.49% | +14.94% | -0.45% | -0.00B |
| 2025-03-31 | $685M | 466 | +7.00% | +8.30% | -1.30% | +0.06B |
| 2024-12-31 | $639M | 451 | +18.75% | +24.89% | -6.14% | +0.00B |
| 2024-09-30 | $630M | 420 | +30.52% | +36.04% | -5.51% | +0.00B |
| 2024-06-30 | $597M | 451 | +19.73% | +24.49% | -4.76% | +0.01B |
| 2024-03-31 | $576M | 467 | +21.50% | +29.62% | -8.12% | -0.00B |
| 2023-12-31 | $530M | 465 | +14.30% | +26.18% | -11.88% | -0.01B |
| 2023-09-30 | $485M | 419 | +14.99% | +21.57% | -6.58% | +0.02B |
| 2023-06-30 | $481M | 442 | +12.00% | +19.42% | -7.43% | +0.01B |
| 2023-03-31 | $450M | 455 | -5.28% | -7.82% | +2.53% | -0.03B |
| 2022-12-31 | $465M | 517 | -11.73% | -18.17% | +6.45% | +0.04B |
| 2022-09-30 | $382M | 511 | -12.42% | -15.51% | +3.09% | -0.00B |
| 2022-06-30 | $409M | 525 | -6.21% | -10.62% | +4.41% | +0.00B |