Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.16%
adds when stocks drop
when a holding falls −10%+
Middle response
+5.84%
steady accumulation
Rally response
+0.12%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $443M | 14.1% | — | 9.0 yr |
| IEFAiShares Core MSCI EAFE E | $156M | 5.0% | — | 7.0 yr |
| IJHiShares Core S&P Mid-Cap | $99M | 3.1% | — | 7.3 yr |
| USIGiShares Broad USD Invest | $87M | 2.8% | — | 6.5 yr |
| NVDANVIDIA Corporation | $84M | 2.7% | +60.9% | 5.8 yr |
| EMXCiShares MSCI Emerging Ma | $83M | 2.6% | — | 3.8 yr |
| SPLGSPDR Portfolio S&P 500 E | $80M | 2.6% | — | 4.5 yr |
| MBBiShares MBS ETF | $76M | 2.4% | — | 6.8 yr |
| NENoble Corporation Plc | $64M | 2.0% | +124.7% | 2.3 yr |
| SCHRSchwab Intermediate-Term | $59M | 1.9% | — | 6.5 yr |
| JQUAJPMorgan U.S. Quality Fa | $58M | 1.8% | — | 3.0 yr |
| JVALJPMorgan U.S. Value Fact | $58M | 1.8% | — | 2.0 yr |
| IWFiShares Russell 1000 Gro | $53M | 1.7% | — | 7.5 yr |
| AAPLApple Inc. | $52M | 1.7% | +14.7% | 10.5 yr |
| IUSBiShares Core Universal U | $51M | 1.6% | — | 5.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management65.0%-4.4pp$2.05B
Asset Management - Bonds8.6%+0.0pp$272M
Semiconductors4.2%-0.5pp$131M
Oil & Gas Drilling2.1%+0.6pp$65M
Oil & Gas Integrated1.9%+0.3pp$59M
Consumer Electronics1.7%-0.1pp$52M
Drug Manufacturers - General1.3%+0.5pp$40M
Internet Content & Information1.2%+0.5pp$38M
Software - Infrastructure1.1%+0.3pp$35M
Asset Management - Income0.9%-0.7pp$29M
Country
US98.7%-0.2pp
IE0.3%+0.1pp
GB0.2%-0.1pp
Unknown0.2%+0.1pp
CA0.1%-0.0pp
TW0.1%+0.1pp
NL0.1%+0.0pp
SG0.1%+0.0pp
Top 5: 27.6% · Top 10: 39.1% · Top 25: 58.1%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $95M | +0.06B | 60.9% |
| NE | $32M | +0.04B | 124.7% |
| XOM | $24M | +0.01B | 47.6% |
| AAPL | $39M | +0.01B | 14.7% |
| SPY | $19M | +0.00B | 17.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $15M | -0.00B | -0.6% |
Top buys this quarter · 15
| AVGO Broadcom Inc. | +$10M |
| AAPL Apple Inc. | +$9M |
| LRCX Lam Research Corporation | +$9M |
| MSFT Microsoft Corporation | +$8M |
| JPM JPMorgan Chase & Co. | +$6M |
| RTX RTX Corporation | +$6M |
| XOM Exxon Mobil Corporation | +$5M |
| CMI Cummins Inc. | +$5M |
| CVX Chevron Corporation | +$4M |
| JNJ Johnson & Johnson | +$4M |
Top sells this quarter · 15
| NVDA NVIDIA Corporation | −$30M |
| NE Noble Corporation Plc | −$43M |
| INVX Innovex International, Inc.exit | −$6M |
| CHRD Chord Energy Corporationexit | −$1M |
| HLT Hilton Worldwide Holdings Inc. | −$1M |
| GLW Corning Incorporated | −$0M |
| SAIC Science Applications Internati | −$1M |
| OBDC Blue Owl Capital Corporation | −$0M |
| GPC Genuine Parts Companyexit | −$0M |
| APP AppLovin Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.15B | 658 | +36.90% | +17.59% | +19.30% | +0.26B |
| 2025-12-31 | $2.74B | 571 | +19.91% | +17.72% | +2.19% | +0.04B |
| 2025-09-30 | $2.65B | 575 | +20.91% | +17.52% | +3.40% | -0.07B |
| 2025-06-30 | $2.46B | 546 | +10.63% | +14.94% | -4.31% | -0.12B |
| 2025-03-31 | $2.24B | 515 | -0.79% | +8.30% | -9.10% | +0.19B |
| 2024-12-31 | $2.22B | 503 | +15.20% | +24.89% | -9.69% | -0.04B |
| 2024-09-30 | $2.20B | 496 | +21.08% | +36.04% | -14.96% | +0.10B |
| 2024-06-30 | $2.07B | 487 | +15.19% | +24.49% | -9.30% | +0.15B |
| 2024-03-31 | $1.87B | 434 | +18.28% | +29.62% | -11.34% | +0.16B |
| 2023-12-31 | $1.60B | 412 | +15.13% | +26.18% | -11.05% | +0.07B |
| 2023-09-30 | $1.42B | 395 | +15.32% | +21.57% | -6.25% | -0.05B |
| 2023-06-30 | $1.52B | 408 | +18.35% | +19.42% | -1.08% | -0.39B |
| 2023-03-31 | $1.81B | 472 | -1.17% | -7.82% | +6.64% | +0.22B |
| 2022-12-31 | $1.52B | 442 | -9.61% | -18.17% | +8.57% | +0.04B |
| 2022-09-30 | $1.37B | 415 | -6.75% | -15.51% | +8.76% | -0.01B |
| 2022-06-30 | $1.40B | 445 | -5.60% | -10.62% | +5.02% | -0.02B |