Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.91%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.16%
steady accumulation
Rally response
+2.64%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $341M | 5.9% | +60.9% | 7.5 yr |
| QUALiShares MSCI USA Quality | $339M | 5.9% | — | 7.5 yr |
| IQLTiShares MSCI Intl Qualit | $316M | 5.5% | — | 7.5 yr |
| VTIPVanguard Short-Term Infl | $244M | 4.2% | — | 10.5 yr |
| MTUMiShares MSCI USA Momentu | $230M | 4.0% | — | 4.5 yr |
| VCSHVanguard Short-Term Corp | $217M | 3.8% | — | 10.5 yr |
| AAPLApple Inc. | $155M | 2.7% | +14.7% | 10.5 yr |
| DFUVDimensional - US Marketw | $155M | 2.7% | — | 4.0 yr |
| EFViShares MSCI EAFE Value | $149M | 2.6% | — | 7.8 yr |
| IEMGiShares Core MSCI Emergi | $138M | 2.4% | — | 10.5 yr |
| VCITVanguard Intermediate-Te | $115M | 2.0% | — | 10.5 yr |
| DFIVDimensional - Internatio | $94M | 1.6% | — | 4.8 yr |
| MSFTMicrosoft Corporation | $82M | 1.4% | -0.6% | 10.5 yr |
| VGSHVanguard Short-Term Trea | $67M | 1.2% | — | 7.3 yr |
| VTVVanguard Value ETF | $67M | 1.2% | — | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management51.2%+1.1pp$2.95B
Semiconductors8.3%+4.3pp$475M
Asset Management - Bonds7.4%-3.3pp$426M
Asset Management - Leveraged5.4%-1.1pp$312M
Consumer Electronics2.7%-0.1pp$158M
Internet Content & Information2.4%+0.2pp$137M
Software - Infrastructure2.0%-0.6pp$112M
Specialty Retail1.5%+0.3pp$87M
Drug Manufacturers - General1.3%-0.0pp$76M
Discount Stores0.8%-0.4pp$45M
Country
US98.2%-1.0pp
IE0.3%+0.1pp
BM0.2%-0.0pp
CA0.2%+0.1pp
GB0.2%+0.1pp
Unknown0.2%+0.1pp
CH0.2%+0.1pp
TW0.2%+0.1pp
Top 5: 25.6% · Top 10: 39.8% · Top 25: 57.1%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$36M |
| GOOG Alphabet Inc. | +$5M |
| PG The Procter & Gamble Company | +$5M |
| T AT&T Inc. | +$2M |
| RELY Remitly Global, Inc.new | +$2M |
| CVX Chevron Corporation | +$2M |
| LRCX Lam Research Corporation | +$2M |
| JPM JPMorgan Chase & Co. | +$26M |
| PLTR Palantir Technologies Inc. | +$2M |
| LMT Lockheed Martin Corporation | +$2M |
Top sells this quarter · 15
| LITE Lumentum Holdings Inc. | −$8M |
| GLW Corning Incorporated | −$12M |
| MSFT Microsoft Corporation | −$3M |
| CRVS Corvus Pharmaceuticals, Inc.exit | −$2M |
| AAPL Apple Inc. | −$2M |
| JCI Johnson Controls International | −$2M |
| ADBE Adobe Inc. | −$2M |
| SPY State Street SPDR S&P 500 ETF | −$1M |
| FIX Comfort Systems USA, Inc. | −$1M |
| INTC Intel Corporation | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $5.75B | 983 | +22.02% | +17.59% | +4.42% | +0.31B |
| 2025-12-31 | $5.57B | 889 | +18.61% | +17.72% | +0.89% | +0.49B |
| 2025-09-30 | $4.97B | 788 | +16.77% | +17.52% | -0.75% | +0.15B |
| 2025-06-30 | $4.42B | 683 | +13.69% | +14.94% | -1.25% | +0.08B |
| 2025-03-31 | $3.87B | 645 | +5.91% | +8.30% | -2.39% | +0.38B |
| 2024-12-31 | $3.67B | 608 | +19.07% | +24.89% | -5.82% | +0.10B |
| 2024-09-30 | $3.55B | 564 | +31.66% | +36.04% | -4.38% | +0.03B |
| 2024-06-30 | $3.31B | 557 | +19.79% | +24.49% | -4.70% | -0.05B |
| 2024-03-31 | $3.22B | 525 | +24.60% | +29.62% | -5.02% | +0.08B |
| 2023-12-31 | $2.94B | 493 | +26.68% | +26.18% | +0.51% | +0.11B |
| 2023-09-30 | $2.54B | 461 | +21.10% | +21.57% | -0.47% | +0.15B |
| 2023-06-30 | $2.48B | 456 | +17.23% | +19.42% | -2.20% | -0.02B |
| 2023-03-31 | $2.30B | 461 | -18.73% | -7.82% | -10.91% | +0.00B |
| 2022-12-31 | $2.12B | 454 | -28.61% | -18.17% | -10.44% | +0.10B |
| 2022-09-30 | $1.91B | 461 | -25.46% | -15.51% | -9.95% | +0.12B |
| 2022-06-30 | $1.90B | 461 | -19.87% | -10.62% | -9.25% | +0.40B |