Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+6.18%
adds when stocks drop
when a holding falls −10%+
Middle response
+6.45%
steady accumulation
Rally response
-3.14%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $5.86B | 18.0% | +17.6% | 9.0 yr |
| AAPLApple Inc. | $729M | 2.2% | +14.7% | 10.5 yr |
| NVDANVIDIA Corporation | $721M | 2.2% | +60.9% | 9.0 yr |
| GSPYGotham Enhanced 500 ETF | $601M | 1.8% | — | 4.8 yr |
| IVViShares Core S&P 500 ETF | $284M | 0.9% | — | 4.0 yr |
| VTVVanguard Value ETF | $168M | 0.5% | — | 3.0 yr |
| VOOVanguard S&P 500 ETF | $165M | 0.5% | — | 3.0 yr |
| AMZNAmazon.com, Inc. | $164M | 0.5% | +9.5% | 8.8 yr |
| GOOGLAlphabet Inc. | $158M | 0.5% | — | 10.0 yr |
| SNOWSnowflake Inc. | $150M | 0.5% | +3.2% | 4.5 yr |
| SGOViShares 0-3 Month Treasu | $125M | 0.4% | — | 1.8 yr |
| IEFAiShares Core MSCI EAFE E | $119M | 0.4% | — | 4.0 yr |
| MSFTMicrosoft Corporation | $113M | 0.3% | -0.6% | 9.8 yr |
| IWViShares Russell 3000 ETF | $107M | 0.3% | — | 0.3 yr |
| AVGOBroadcom Inc. | $107M | 0.3% | +86.0% | 6.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management28.0%+1.2pp$9.12B
Semiconductors5.0%+1.0pp$1.65B
Software - Application2.6%-1.2pp$853M
Software - Infrastructure2.4%-0.7pp$789M
Industrial - Machinery2.2%-0.3pp$732M
Consumer Electronics2.2%+0.7pp$731M
Specialty Retail1.7%-0.6pp$558M
Hardware, Equipment & Parts1.6%+0.4pp$527M
Aerospace & Defense1.6%-0.1pp$510M
Regulated Electric1.5%+0.2pp$489M
Country
US95.9%+0.1pp
GB1.0%+0.4pp
IE0.9%-0.1pp
Unknown0.8%+0.0pp
CA0.6%-0.1pp
BM0.4%+0.0pp
CH0.1%-0.1pp
LU0.1%-0.0pp
Top 5: 25.1% · Top 10: 27.6% · Top 25: 32.2%
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$1.48B |
| AAPL Apple Inc. | +$333M |
| NVDA NVIDIA Corporation | +$206M |
| SM SM Energy Company | +$38M |
| PYPL PayPal Holdings, Inc. | +$38M |
| SNX TD SYNNEX Corporation | +$33M |
| SON Sonoco Products Company | +$31M |
| INCY Incyte Corporation | +$30M |
| IRDM Iridium Communications Inc. | +$29M |
| LMT Lockheed Martin Corporation | +$28M |
Top sells this quarter · 15
| SNDK Sandisk Corporation | −$53M |
| AMZN Amazon.com, Inc. | −$42M |
| WDC Western Digital Corporation | −$87M |
| FLO Flowers Foods, Inc. | −$29M |
| PNR Pentair plc | −$28M |
| ALK Alaska Air Group, Inc. | −$25M |
| CHDN Churchill Downs Incorporated | −$22M |
| FOXA Fox Corporation | −$22M |
| ABNB Airbnb, Inc. | −$20M |
| SAM The Boston Beer Company, Inc. | −$18M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $32.62B | 1743 | +20.46% | +17.59% | +2.87% | +5.27B |
| 2025-12-31 | $27.38B | 1715 | +15.71% | +17.72% | -2.01% | +3.93B |
| 2025-09-30 | $22.96B | 1672 | +14.49% | +17.52% | -3.03% | +5.06B |
| 2025-06-30 | $16.68B | 1644 | +15.40% | +14.94% | +0.46% | +3.53B |
| 2025-03-31 | $11.95B | 1529 | +2.93% | +8.30% | -5.38% | +1.84B |
| 2024-12-31 | $10.53B | 1413 | +16.83% | +24.89% | -8.06% | +0.79B |
| 2024-09-30 | $9.65B | 1395 | +29.54% | +36.04% | -6.50% | +1.30B |
| 2024-06-30 | $7.72B | 1404 | +15.99% | +24.49% | -8.50% | +1.22B |
| 2024-03-31 | $6.62B | 1365 | +25.34% | +29.62% | -4.28% | +0.76B |
| 2023-12-31 | $5.38B | 1320 | +22.17% | +26.18% | -4.01% | -0.03B |
| 2023-09-30 | $4.83B | 1308 | +17.98% | +21.57% | -3.58% | +0.38B |
| 2023-06-30 | $4.59B | 1290 | +16.26% | +19.42% | -3.17% | +0.22B |
| 2023-03-31 | $4.12B | 1306 | -7.64% | -7.82% | +0.17% | +0.35B |
| 2022-12-31 | $3.54B | 1198 | -17.04% | -18.17% | +1.13% | -0.05B |
| 2022-09-30 | $3.33B | 1149 | -14.81% | -15.51% | +0.70% | +0.36B |
| 2022-06-30 | $3.11B | 1103 | -10.22% | -10.62% | +0.40% | +0.39B |