Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.05%
trims when stocks drop
when a holding falls −10%+
Middle response
+2.87%
steady accumulation
Rally response
+2.57%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IWFiShares Russell 1000 Gro | $767M | 11.8% | — | 10.5 yr |
| IUSViShares Core S&P U.S. Va | $475M | 7.3% | — | 7.0 yr |
| VIGVanguard Dividend Apprec | $474M | 7.3% | — | 10.5 yr |
| VCRBVanguard Core Bond ETF | $421M | 6.5% | — | 1.3 yr |
| VXUSVanguard Total Internati | $401M | 6.2% | — | 10.0 yr |
| IEFAiShares Core MSCI EAFE E | $329M | 5.0% | — | 8.8 yr |
| VWOVanguard FTSE Emerging M | $242M | 3.7% | — | 10.5 yr |
| VBVanguard Small-Cap ETF | $237M | 3.6% | — | 9.8 yr |
| JAAAJanus Henderson AAA CLO | $175M | 2.7% | — | 3.5 yr |
| AAPLApple Inc. | $149M | 2.3% | +14.7% | 10.5 yr |
| NVDANVIDIA Corporation | $137M | 2.1% | +60.9% | 10.0 yr |
| MUBiShares National Muni Bo | $120M | 1.8% | — | 9.3 yr |
| MSFTMicrosoft Corporation | $82M | 1.3% | -0.6% | 10.5 yr |
| VEAVanguard FTSE Developed | $72M | 1.1% | — | 9.8 yr |
| VUGVanguard Growth ETF | $71M | 1.1% | — | 9.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management67.4%-0.3pp$4.40B
Semiconductors4.0%+1.4pp$260M
Consumer Electronics2.3%-0.1pp$152M
Internet Content & Information2.0%+0.4pp$130M
Software - Infrastructure1.8%-0.3pp$117M
Drug Manufacturers - General1.4%-0.0pp$90M
Banks - Diversified1.3%+0.2pp$87M
Specialty Retail1.2%-0.3pp$80M
Asset Management - Income1.1%+0.0pp$71M
Auto - Manufacturers0.8%+0.1pp$53M
Country
US95.2%-0.3pp
CA1.0%+0.2pp
GB0.6%-0.0pp
TW0.4%+0.1pp
JP0.3%-0.0pp
IE0.3%-0.0pp
Unknown0.3%+0.0pp
NL0.3%+0.1pp
Top 5: 38.9% · Top 10: 56.3% · Top 25: 71.9%
Top buys this quarter · 15
| COIN Coinbase Global, Inc. | +$5M |
| ARHS Arhaus, Inc. | +$4M |
| GE GE Aerospace | +$3M |
| SBET Sharplink, Inc. | +$2M |
| NVDA NVIDIA Corporation | +$137M |
| AAPL Apple Inc. | +$149M |
| PG The Procter & Gamble Company | +$2M |
| JNJ Johnson & Johnson | +$2M |
| AVGO Broadcom Inc. | +$32M |
| COST Costco Wholesale Corporation | +$1M |
Top sells this quarter · 15
| HOOD Robinhood Markets, Inc. | −$7M |
| KO The Coca-Cola Company | −$3M |
| HST Host Hotels & Resorts, Inc. | −$2M |
| ROL Rollins, Inc. | −$2M |
| TSM Taiwan Semiconductor Manufactu | −$18M |
| CCI Crown Castle Inc. | −$1M |
| SHOP Shopify Inc. | −$1M |
| HDB HDFC Bank Limited | −$1M |
| MNST Monster Beverage Corporation | −$1M |
| NET Cloudflare, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $6.52B | 3406 | +20.47% | +17.59% | +2.88% | +0.23B |
| 2025-12-31 | $6.55B | 3349 | +19.55% | +17.72% | +1.83% | +0.08B |
| 2025-09-30 | $6.34B | 3350 | +19.83% | +17.52% | +2.31% | -0.11B |
| 2025-06-30 | $5.86B | 3228 | +15.87% | +14.94% | +0.93% | -0.03B |
| 2025-03-31 | $5.28B | 3295 | +5.20% | +8.30% | -3.10% | +0.25B |
| 2024-12-31 | $5.27B | 3274 | +18.63% | +24.89% | -6.25% | -0.09B |
| 2024-09-30 | $5.24B | 3212 | +29.73% | +36.04% | -6.31% | +0.01B |
| 2024-06-30 | $4.92B | 3096 | +16.11% | +24.49% | -8.38% | +0.12B |
| 2024-03-31 | $4.73B | 3142 | +23.37% | +29.62% | -6.26% | +0.08B |
| 2023-12-31 | $4.33B | 3104 | +20.99% | +26.18% | -5.19% | +0.04B |
| 2023-09-30 | $3.84B | 3176 | +10.14% | +21.57% | -11.43% | +0.11B |
| 2023-06-30 | $3.91B | 3208 | -11.81% | +19.42% | -31.23% | -0.03B |
| 2023-03-31 | $3.66B | 3258 | -38.75% | -7.82% | -30.93% | +0.05B |
| 2022-12-31 | $3.42B | 3259 | -44.61% | -18.17% | -26.43% | +0.45B |
| 2022-09-30 | $2.92B | 3067 | -39.53% | -15.51% | -24.02% | +0.68B |
| 2022-06-30 | $2.94B | 3057 | -20.26% | -10.62% | -9.64% | +0.45B |