Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.79%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.94%
baseline attrition
Rally response
-0.55%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $543M | 10.1% | — | 10.5 yr |
| VEUVanguard FTSE All-World | $416M | 7.7% | — | 9.5 yr |
| — | $286M | 5.3% | — | 7.8 yr |
| COKECoca-Cola Consolidated, | $281M | 5.2% | +43.1% | 10.5 yr |
| — | $207M | 3.8% | — | 8.5 yr |
| AAPLApple Inc. | $177M | 3.3% | +14.7% | 10.5 yr |
| — | $163M | 3.0% | — | 1.5 yr |
| — | $149M | 2.8% | — | 8.5 yr |
| — | $140M | 2.6% | — | 7.8 yr |
| SPYState Street SPDR S&P 50 | $119M | 2.2% | +17.6% | 10.5 yr |
| NVDANVIDIA Corporation | $117M | 2.2% | +60.9% | 7.5 yr |
| VXFVanguard Extended Market | $104M | 1.9% | — | 10.5 yr |
| IEFAiShares Core MSCI EAFE E | $92M | 1.7% | — | 9.3 yr |
| MSFTMicrosoft Corporation | $87M | 1.6% | -0.6% | 10.5 yr |
| GOOGLAlphabet Inc. | $82M | 1.5% | — | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management32.7%+1.5pp$1.76B
Unknown18.7%-0.2pp$1.01B
Beverages - Non-Alcoholic6.5%+0.1pp$349M
Semiconductors5.1%+1.8pp$276M
Consumer Electronics3.3%-0.3pp$178M
Internet Content & Information3.0%+0.1pp$162M
Software - Infrastructure2.5%-0.9pp$133M
Drug Manufacturers - General2.5%+0.3pp$133M
Specialty Retail1.6%-0.4pp$84M
Banks - Diversified1.4%+0.2pp$77M
Country
US77.5%-0.6pp
Unknown18.7%-0.2pp
CA0.7%+0.2pp
GB0.6%+0.3pp
IE0.6%-0.1pp
CH0.5%-0.1pp
TW0.4%+0.4pp
BM0.1%+0.1pp
Top 5: 32.2% · Top 10: 46.0% · Top 25: 62.8%
Top buys this quarter · 15
| PG The Procter & Gamble Company | +$7M |
| AMZN Amazon.com, Inc. | +$7M |
| AAPL Apple Inc. | +$177M |
| UNP Union Pacific Corporation | +$5M |
| VIST Vista Energy, S.A.B. de C.V. | +$4M |
| CVX Chevron Corporation | +$4M |
| LIN Linde plc | +$4M |
| BP BP p.l.c. | +$4M |
| CCEP Coca-Cola Europacific Partners | +$4M |
| LLY Eli Lilly and Company | +$25M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $5.39B | 1043 | +22.90% | +17.59% | +5.31% | +0.03B |
| 2025-12-31 | $5.43B | 1031 | +19.29% | +17.72% | +1.57% | +0.17B |
| 2025-09-30 | $5.00B | 992 | +16.05% | +17.52% | -1.47% | +0.14B |
| 2025-06-30 | $4.51B | 935 | +14.68% | +14.94% | -0.26% | +0.07B |
| 2025-03-31 | $4.04B | 925 | +6.55% | +8.30% | -1.75% | +0.11B |
| 2024-12-31 | $4.10B | 924 | +20.09% | +24.89% | -4.80% | +0.04B |
| 2024-09-30 | $3.97B | 908 | +30.90% | +36.04% | -5.13% | +0.19B |
| 2024-06-30 | $3.54B | 876 | +17.79% | +24.49% | -6.71% | +0.15B |
| 2024-03-31 | $3.32B | 831 | +23.51% | +29.62% | -6.11% | +0.11B |
| 2023-12-31 | $2.97B | 871 | +21.52% | +26.18% | -4.66% | +0.03B |
| 2023-09-30 | $2.64B | 828 | +17.13% | +21.57% | -4.44% | +0.01B |
| 2023-06-30 | $2.74B | 826 | +15.55% | +19.42% | -3.87% | -0.01B |
| 2023-03-31 | $2.57B | 815 | -7.73% | -7.82% | +0.09% | +0.02B |
| 2022-12-31 | $2.40B | 796 | -17.12% | -18.17% | +1.06% | +0.03B |
| 2022-09-30 | $2.21B | 764 | -14.31% | -15.51% | +1.19% | -0.05B |
| 2022-06-30 | $2.39B | 740 | -8.96% | -10.62% | +1.66% | -0.06B |