Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.13%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.85%
steady accumulation
Rally response
+4.01%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AVEMAvantis Emerging Markets | $1.52B | 7.3% | — | 3.8 yr |
| BNDVanguard Total Bond Mark | $1.24B | 6.0% | — | 7.0 yr |
| AVDVAvantis International Sm | $1.15B | 5.6% | — | 5.0 yr |
| DIHPDimensional - Internatio | $937M | 4.5% | — | 2.3 yr |
| BNDXVanguard Total Internati | $868M | 4.2% | — | 7.0 yr |
| VTIVanguard Total Stock Mar | $833M | 4.0% | — | 10.5 yr |
| DFUVDimensional - US Marketw | $746M | 3.6% | — | 4.0 yr |
| DFLVDimensional - US Large C | $736M | 3.6% | — | 3.5 yr |
| JQUAJPMorgan U.S. Quality Fa | $700M | 3.4% | — | 2.8 yr |
| DFSVDimensional - US Small C | $661M | 3.2% | — | 3.3 yr |
| DFACDimensional - US Core Eq | $481M | 2.3% | — | 5.0 yr |
| DFIVDimensional - Internatio | $462M | 2.2% | — | 4.8 yr |
| VGITVanguard Intermediate-Te | $354M | 1.7% | — | 2.3 yr |
| DFGRDimensional - Global Rea | $339M | 1.6% | — | 3.3 yr |
| DFATDimensional - US Targete | $299M | 1.4% | — | 5.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management69.6%-0.9pp$14.36B
Asset Management - Bonds12.3%+4.8pp$2.54B
Asset Management - Income2.8%+1.1pp$585M
Asset Management - Global2.0%+0.3pp$407M
Consumer Electronics1.0%-0.2pp$202M
Asset Management - Leveraged0.9%-0.2pp$195M
Semiconductors0.9%+0.2pp$191M
Drug Manufacturers - General0.9%-0.1pp$183M
Software - Infrastructure0.6%-0.5pp$130M
Internet Content & Information0.6%-0.0pp$114M
Country
US98.9%+0.0pp
Unknown0.2%-0.2pp
CA0.2%+0.1pp
IE0.2%-0.1pp
GB0.1%-0.0pp
TW0.1%+0.0pp
CH0.0%+0.0pp
BM0.0%+0.0pp
Top 5: 27.7% · Top 10: 45.5% · Top 25: 64.4%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $86M | -0.00B | -0.6% |
Top buys this quarter · 15
| AAPL Apple Inc. | +$23M |
| UBER Uber Technologies, Inc. | +$13M |
| NVDA NVIDIA Corporation | +$12M |
| MSFT Microsoft Corporation | +$100M |
| AVGO Broadcom Inc. | +$6M |
| AMZN Amazon.com, Inc. | +$62M |
| JNJ Johnson & Johnson | +$5M |
| JPM JPMorgan Chase & Co. | +$45M |
| AIRJ AirJoule Technologies Corporatnew | +$4M |
| LLY Eli Lilly and Company | +$48M |
Top sells this quarter · 15
| CFLT Confluent, Inc.exit | −$12M |
| FTI TechnipFMC plc | −$10M |
| PCG PG&E Corporation | −$7M |
| SPY State Street SPDR S&P 500 ETF | −$7M |
| MTZ MasTec, Inc. | −$7M |
| CW Curtiss-Wright Corporation | −$5M |
| CHRD Chord Energy Corporation | −$5M |
| JBHT J.B. Hunt Transport Services, | −$4M |
| IQV IQVIA Holdings Inc. | −$3M |
| NYT The New York Times Company | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $20.63B | 1493 | +19.16% | +17.59% | +1.57% | +3.23B |
| 2025-12-31 | $17.54B | 1350 | +16.64% | +17.72% | -1.08% | +0.23B |
| 2025-09-30 | $16.85B | 1897 | +15.12% | +17.52% | -2.39% | +1.46B |
| 2025-06-30 | $14.30B | 1838 | +14.75% | +14.94% | -0.19% | +1.02B |
| 2025-03-31 | $12.23B | 1584 | +6.77% | +8.30% | -1.54% | -0.09B |
| 2024-12-31 | $12.68B | 1413 | +19.40% | +24.89% | -5.49% | +0.51B |
| 2024-09-30 | $12.00B | 1373 | +29.80% | +36.04% | -6.24% | +1.34B |
| 2024-06-30 | $9.94B | 1252 | +15.83% | +24.49% | -8.66% | +1.15B |
| 2024-03-31 | $8.70B | 1100 | +22.26% | +29.62% | -7.36% | +0.29B |
| 2023-12-31 | $7.74B | 838 | +18.19% | +26.18% | -7.98% | +0.37B |
| 2023-09-30 | $6.68B | 793 | +16.24% | +21.57% | -5.32% | +0.58B |
| 2023-06-30 | $6.37B | 781 | +16.66% | +19.42% | -2.77% | +0.67B |
| 2023-03-31 | $5.35B | 718 | -5.16% | -7.82% | +2.66% | +1.08B |
| 2022-12-31 | $4.06B | 570 | -13.85% | -18.17% | +4.32% | +0.62B |
| 2022-09-30 | $3.18B | 537 | -11.75% | -15.51% | +3.76% | +0.04B |
| 2022-06-30 | $3.27B | 540 | -7.61% | -10.62% | +3.01% | +0.64B |