Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.47%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.59%
baseline attrition
Rally response
-8.65%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $82M | 5.4% | +29.9% | 10.0 yr |
| AAPLApple Inc. | $55M | 3.6% | +1.9% | 10.0 yr |
| IVViShares Core S&P 500 ETF | $34M | 2.2% | — | 9.3 yr |
| METAMeta Platforms, Inc. | $32M | 2.1% | -1.9% | 9.5 yr |
| AMZNAmazon.com, Inc. | $30M | 1.9% | -5.1% | 10.0 yr |
| MSFTMicrosoft Corporation | $30M | 1.9% | -11.3% | 10.0 yr |
| VUGVanguard Growth ETF | $24M | 1.6% | — | 10.0 yr |
| PLTRPalantir Technologies In | $22M | 1.4% | +93.4% | 5.5 yr |
| SPYState Street SPDR S&P 50 | $21M | 1.4% | +12.6% | 10.0 yr |
| LLYEli Lilly and Company | $20M | 1.3% | +20.2% | 10.0 yr |
| QQQInvesco QQQ Trust, Serie | $19M | 1.2% | — | 6.8 yr |
| VTVVanguard Value ETF | $18M | 1.2% | — | 10.0 yr |
| AVGOBroadcom Inc. | $17M | 1.1% | +34.7% | 7.5 yr |
| APUEActivePassive U.S. Equit | $17M | 1.1% | — | 2.8 yr |
| GOOGLAlphabet Inc. | $16M | 1.0% | — | 10.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management40.4%+4.8pp$622M
Semiconductors8.8%+1.9pp$135M
Software - Infrastructure5.2%+0.6pp$79M
Internet Content & Information4.1%+1.1pp$63M
Consumer Electronics3.6%-1.9pp$55M
Asset Management - Bonds3.5%-0.0pp$54M
Drug Manufacturers - General3.3%+0.2pp$51M
Specialty Retail2.2%-0.5pp$34M
Banks - Diversified1.6%+0.2pp$25M
Aerospace & Defense1.3%+0.7pp$21M
Country
US95.3%-0.4pp
CA1.2%+0.2pp
IE0.9%-0.1pp
GB0.7%+0.3pp
Unknown0.6%+0.2pp
TW0.4%+0.3pp
SG0.3%+0.2pp
CH0.2%+0.0pp
Top 5: 15.2% · Top 10: 22.8% · Top 25: 36.1%
Top buys this quarter · 15
| BX Blackstone Inc. | +$6M |
| GLAD Gladstone Capital Corporationnew | +$2M |
| COF Capital One Financial Corporat | +$6M |
| SNDK Sandisk Corporationnew | +$1M |
| AZN AstraZeneca PLCnew | +$1M |
| CRWV CoreWeave, Inc. Class A Common | +$1M |
| RUN Sunrun Inc. | +$1M |
| SYK Stryker Corporation | +$1M |
| PGR The Progressive Corporation | +$0M |
| GS The Goldman Sachs Group, Inc. | +$7M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.54B | 798 | +18.56% | +17.59% | +0.97% | -0.50B |
| 2025-12-31 | $2.11B | 928 | +25.55% | +26.03% | -0.48% | -0.02B |
| 2025-09-30 | $2.07B | 960 | +29.74% | +29.82% | -0.08% | -0.21B |
| 2025-06-30 | $2.05B | 950 | +23.61% | +25.32% | -1.71% | -1.19B |
| 2024-12-31 | $3.03B | 1130 | +24.74% | +24.89% | -0.14% | -0.64B |
| 2024-09-30 | $3.57B | 1254 | +35.13% | +36.04% | -0.91% | -0.57B |
| 2024-06-30 | $3.91B | 1368 | +22.33% | +24.49% | -2.16% | +0.02B |
| 2024-03-31 | $3.67B | 1430 | +23.65% | +29.62% | -5.97% | -0.31B |
| 2023-12-31 | $3.69B | 1373 | +21.32% | +26.18% | -4.86% | -0.40B |
| 2023-09-30 | $3.67B | 1433 | +14.82% | +21.57% | -6.74% | -0.58B |
| 2023-06-30 | $4.43B | 1524 | +13.63% | +19.42% | -5.79% | +0.45B |
| 2023-03-31 | $3.72B | 1501 | -10.71% | -7.82% | -2.89% | -0.39B |
| 2022-12-31 | $3.88B | 1499 | -19.60% | -18.17% | -1.42% | +0.42B |
| 2022-09-30 | $3.28B | 1441 | -15.25% | -15.51% | +0.26% | +1.05B |
| 2022-06-30 | $2.35B | 1226 | -10.37% | -10.62% | +0.25% | -0.20B |
| 2022-03-31 | $3.02B | 1373 | +15.45% | +15.45% | -0.00% | -0.26B |