Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.92%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.16%
baseline attrition
Rally response
+2.66%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $1.16B | 3.0% | — | 10.5 yr |
| AAPLApple Inc. | $1.11B | 2.9% | +14.7% | 9.8 yr |
| NVDANVIDIA Corporation | $990M | 2.6% | +60.9% | 10.5 yr |
| IVViShares Core S&P 500 ETF | $786M | 2.0% | — | 10.5 yr |
| QQQInvesco QQQ Trust, Serie | $734M | 1.9% | — | 8.0 yr |
| VTIVanguard Total Stock Mar | $684M | 1.8% | — | 10.5 yr |
| AMZNAmazon.com, Inc. | $509M | 1.3% | +9.5% | 9.8 yr |
| VXUSVanguard Total Internati | $477M | 1.2% | — | 10.5 yr |
| MSFTMicrosoft Corporation | $474M | 1.2% | -0.6% | 10.5 yr |
| SPYState Street SPDR S&P 50 | $419M | 1.1% | +17.6% | 10.5 yr |
| BRK-BBerkshire Hathaway Inc. | $356M | 0.9% | — | 9.8 yr |
| CGDVCapital Group Dividend V | $325M | 0.8% | — | 4.3 yr |
| GOOGLAlphabet Inc. | $289M | 0.8% | — | 10.5 yr |
| GOOGAlphabet Inc. | $269M | 0.7% | +84.3% | 10.5 yr |
| GLDSPDR Gold Shares | $251M | 0.7% | — | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management57.1%+1.6pp$21.97B
Asset Management - Bonds4.7%-0.8pp$1.80B
Semiconductors4.6%+1.3pp$1.76B
Consumer Electronics2.9%-0.4pp$1.12B
Asset Management - Income2.5%-0.5pp$954M
Software - Infrastructure2.1%-0.3pp$816M
Internet Content & Information2.0%+0.4pp$777M
Drug Manufacturers - General1.6%-0.1pp$613M
Specialty Retail1.6%-0.2pp$599M
Insurance - Diversified1.1%-0.4pp$411M
Country
US97.0%-0.8pp
CA0.9%+0.3pp
Unknown0.8%+0.4pp
GB0.3%-0.0pp
TW0.2%+0.1pp
IE0.2%-0.0pp
CH0.1%-0.0pp
NL0.1%+0.0pp
Top 5: 12.4% · Top 10: 19.1% · Top 25: 28.5%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $38.49B | 3885 | +21.50% | +17.59% | +3.91% | +1.91B |
| 2025-12-31 | $37.59B | 3782 | +18.95% | +17.72% | +1.23% | +0.66B |
| 2025-09-30 | $36.19B | 3686 | +20.74% | +17.52% | +3.22% | +0.35B |
| 2025-06-30 | $32.67B | 3582 | +16.88% | +14.94% | +1.94% | -0.16B |
| 2025-03-31 | $29.43B | 3472 | +8.36% | +8.30% | +0.06% | +1.10B |
| 2024-12-31 | $29.74B | 3437 | +21.71% | +24.89% | -3.18% | -0.53B |
| 2024-09-30 | $29.23B | 3383 | +30.98% | +36.04% | -5.06% | +0.67B |
| 2024-06-30 | $26.89B | 3288 | +18.13% | +24.49% | -6.37% | +0.20B |
| 2024-03-31 | $25.81B | 3280 | +22.78% | +29.62% | -6.85% | +0.89B |
| 2023-12-31 | $23.28B | 3163 | +22.78% | +26.18% | -3.40% | -0.39B |
| 2023-09-30 | $21.24B | 3111 | +13.76% | +21.57% | -7.80% | +0.40B |
| 2023-06-30 | $21.76B | 3142 | +7.24% | +19.42% | -12.18% | +0.03B |
| 2023-03-31 | $20.21B | 3124 | -18.47% | -7.82% | -10.65% | -0.22B |
| 2022-12-31 | $19.10B | 3075 | -27.32% | -18.17% | -9.14% | +0.96B |
| 2022-09-30 | $17.56B | 3023 | -21.83% | -15.51% | -6.33% | +0.99B |
| 2022-06-30 | $18.36B | 3015 | -12.94% | -10.62% | -2.32% | +0.76B |