Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.48%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.19%
steady accumulation
Rally response
-0.13%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $195M | 5.4% | — | 10.5 yr |
| AAPLApple Inc. | $155M | 4.3% | +14.7% | 10.5 yr |
| NVDANVIDIA Corporation | $112M | 3.1% | +60.9% | 10.5 yr |
| AMZNAmazon.com, Inc. | $73M | 2.0% | +9.5% | 10.5 yr |
| QQQInvesco QQQ Trust, Serie | $61M | 1.7% | — | 8.0 yr |
| SPYState Street SPDR S&P 50 | $56M | 1.6% | +17.6% | 10.5 yr |
| DGROiShares Core Dividend Gr | $51M | 1.4% | — | 10.5 yr |
| MSFTMicrosoft Corporation | $50M | 1.4% | -0.6% | 10.5 yr |
| IVWiShares S&P 500 Growth E | $49M | 1.4% | — | 10.5 yr |
| VOOVanguard S&P 500 ETF | $48M | 1.3% | — | 10.5 yr |
| GOOGAlphabet Inc. | $39M | 1.1% | +84.3% | 10.5 yr |
| LQDiShares iBoxx $ Investme | $37M | 1.0% | — | 10.5 yr |
| SCHGSchwab U.S. Large-Cap Gr | $27M | 0.8% | — | 10.5 yr |
| SCHDSchwab U.S. Dividend Equ | $27M | 0.7% | — | 8.8 yr |
| SHYiShares 1-3 Year Treasur | $25M | 0.7% | — | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management52.1%-0.1pp$1.87B
Asset Management - Bonds5.6%-1.0pp$201M
Semiconductors5.4%+1.9pp$192M
Consumer Electronics4.4%-0.6pp$156M
Internet Content & Information2.4%+0.4pp$86M
Software - Infrastructure2.3%-0.5pp$81M
Specialty Retail2.2%-0.2pp$78M
Drug Manufacturers - General2.0%-0.2pp$73M
Asset Management - Income1.3%-0.2pp$47M
Regulated Electric1.2%-0.1pp$42M
Country
US96.7%-1.3pp
Unknown1.1%+0.8pp
CA0.6%+0.2pp
GB0.3%+0.0pp
IE0.3%-0.1pp
TW0.3%+0.2pp
NL0.1%+0.1pp
ZA0.1%+0.1pp
Top 5: 16.6% · Top 10: 23.7% · Top 25: 34.1%
Top buys this quarter · 15
| BE Bloom Energy Corporation | +$3M |
| AZN AstraZeneca PLCnew | +$2M |
| CAG Conagra Brands, Inc. | +$2M |
| HL Hecla Mining Company | +$2M |
| CRCL Circle Internet Groupnew | +$2M |
| ATI ATI Inc.new | +$2M |
| FCX Freeport-McMoRan Inc. | +$2M |
| SCCO Southern Copper Corporation | +$2M |
| TSM Taiwan Semiconductor Manufactu | +$1M |
| FSLY Fastly, Inc. | +$1M |
Top sells this quarter · 15
| TPR Tapestry, Inc. | −$19M |
| LITE Lumentum Holdings Inc. | −$8M |
| CASY Casey's General Stores, Inc. | −$4M |
| NVDA NVIDIA Corporation | −$3M |
| AAPL Apple Inc. | −$3M |
| PLTR Palantir Technologies Inc. | −$2M |
| TSLA Tesla, Inc. | −$2M |
| HMY Harmony Gold Mining Company Li | −$1M |
| PWR Quanta Services, Inc. | −$2M |
| AEM Agnico Eagle Mines Limited | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.58B | 1292 | +23.13% | +17.59% | +5.54% | +0.05B |
| 2025-12-31 | $3.60B | 1278 | +19.44% | +17.72% | +1.72% | +0.03B |
| 2025-09-30 | $3.50B | 1273 | +21.02% | +17.52% | +3.50% | -0.17B |
| 2025-06-30 | $3.31B | 1230 | +15.61% | +14.94% | +0.67% | -0.16B |
| 2025-03-31 | $3.12B | 1181 | +8.06% | +8.30% | -0.25% | +0.11B |
| 2024-12-31 | $3.17B | 1149 | +24.11% | +24.89% | -0.77% | -0.19B |
| 2024-09-30 | $3.25B | 1196 | +32.96% | +36.04% | -3.08% | -0.07B |
| 2024-06-30 | $3.15B | 1169 | +19.93% | +24.49% | -4.57% | -0.15B |
| 2024-03-31 | $3.17B | 1204 | +23.54% | +29.62% | -6.08% | +1.78B |
| 2023-12-31 | $1.27B | 834 | +21.96% | +26.18% | -4.22% | -1.68B |
| 2023-09-30 | $2.66B | 1177 | +15.50% | +21.57% | -6.07% | +0.01B |
| 2023-06-30 | $2.78B | 1190 | +15.57% | +19.42% | -3.86% | -0.43B |
| 2023-03-31 | $3.00B | 1284 | -9.19% | -7.82% | -1.37% | -0.00B |
| 2022-12-31 | $2.79B | 1249 | -19.59% | -18.17% | -1.42% | +0.05B |
| 2022-09-30 | $2.61B | 1242 | -14.97% | -15.51% | +0.54% | -0.01B |
| 2022-06-30 | $2.74B | 1265 | -10.37% | -10.62% | +0.25% | -0.05B |