Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.04%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.17%
baseline attrition
Rally response
-2.45%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SRHQSRH U.S. Quality GARP ET | $173M | 49.5% | — | 3.5 yr |
| SRHRSRH REIT Covered Call ET | $46M | 13.2% | — | 2.5 yr |
| SCHDSchwab U.S. Dividend Equ | $27M | 7.7% | — | 10.5 yr |
| JPMJPMorgan Chase & Co. | $17M | 4.8% | +21.8% | 10.5 yr |
| UTFCohen & Steers Infrastru | $11M | 3.0% | — | 10.5 yr |
| SCHBSchwab U.S. Broad Market | $10M | 2.8% | — | 10.5 yr |
| AVLVAvantis U.S. Large Cap V | $6M | 1.6% | — | 1.3 yr |
| BRK-BBerkshire Hathaway Inc. | $5M | 1.3% | — | 10.3 yr |
| EVREvercore Inc. | $3M | 1.0% | +51.2% | 4.8 yr |
| STEWSRH Total Return Fund, I | $3M | 0.9% | — | 10.5 yr |
| IVViShares Core S&P 500 ETF | $3M | 0.9% | — | 7.0 yr |
| VOOVanguard S&P 500 ETF | $3M | 0.9% | — | 6.5 yr |
| VIGVanguard Dividend Apprec | $3M | 0.8% | — | 10.5 yr |
| WMTWalmart Inc. | $2M | 0.6% | +42.8% | 10.5 yr |
| MSFTMicrosoft Corporation | $2M | 0.6% | -0.6% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management84.5%+0.9pp$295M
Banks - Diversified5.0%+0.5pp$17M
Insurance - Diversified1.7%-1.6pp$6M
Financial - Capital Markets1.1%+0.3pp$4M
Discount Stores0.7%+0.1pp$3M
Asset Management - Bonds0.7%+0.5pp$2M
Software - Infrastructure0.6%-0.1pp$2M
Consumer Electronics0.5%+0.0pp$2M
Regulated Electric0.4%+0.0pp$2M
Insurance - Brokers0.4%-0.1pp$1M
Country
US99.5%+0.1pp
GB0.4%-0.1pp
CA0.1%+0.0pp
NL0.0%+0.0pp
TW0.0%+0.0pp
Unknown0.0%-0.0pp
DK0.0%
IE0.0%-0.0pp
Top 5: 78.3% · Top 10: 86.0% · Top 25: 93.2%
Top buys this quarter · 15
| SFM Sprouts Farmers Market, Inc. | +$0M |
| ADBE Adobe Inc. | +$0M |
| EHC Encompass Health Corporationnew | +$0M |
| AROC Archrock, Inc.new | +$0M |
| BURL Burlington Stores, Inc.new | +$0M |
| PFE Pfizer Inc. | +$0M |
| META Meta Platforms, Inc. | +$0M |
| OKE ONEOK, Inc. | +$0M |
| AMZN Amazon.com, Inc. | +$0M |
| AMD Advanced Micro Devices, Inc.new | +$0M |
Top sells this quarter · 15
| DIS The Walt Disney Company | −$0M |
| ALSN Allison Transmission Holdings,exit | −$0M |
| TOL Toll Brothers, Inc. | −$0M |
| GEV GE Vernova Inc.exit | −$0M |
| STLD Steel Dynamics, Inc.exit | −$0M |
| NCLH Norwegian Cruise Line Holdingsexit | −$0M |
| KR The Kroger Co. | −$0M |
| PYPL PayPal Holdings, Inc. | −$0M |
| TROW T. Rowe Price Group, Inc. | −$0M |
| FWRG First Watch Restaurant Group, | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $349M | 278 | +16.88% | +17.59% | -0.71% | +0.03B |
| 2025-12-31 | $347M | 292 | +22.27% | +17.72% | +4.56% | +0.00B |
| 2025-09-30 | $342M | 276 | +27.77% | +17.52% | +10.25% | -0.02B |
| 2025-06-30 | $328M | 267 | +27.76% | +14.94% | +12.82% | -0.04B |
| 2025-03-31 | $323M | 268 | +13.85% | +8.30% | +5.54% | -0.00B |
| 2024-12-31 | $336M | 280 | +31.68% | +24.89% | +6.79% | -0.01B |
| 2024-09-30 | $329M | 284 | +44.05% | +36.04% | +8.01% | +0.00B |
| 2024-06-30 | $298M | 289 | +28.74% | +24.49% | +4.24% | -0.02B |
| 2024-03-31 | $315M | 306 | +34.51% | +29.62% | +4.88% | -0.01B |
| 2023-12-31 | $286M | 297 | +23.61% | +26.18% | -2.57% | +0.05B |
| 2023-09-30 | $204M | 290 | +17.80% | +21.57% | -3.77% | +0.02B |
| 2023-06-30 | $187M | 293 | +13.34% | +19.42% | -6.08% | -0.01B |
| 2023-03-31 | $187M | 286 | -7.32% | -7.82% | +0.50% | +0.00B |
| 2022-12-31 | $179M | 293 | +9.72% | +7.56% | +2.15% | +0.10B |
| 2022-09-30 | $76M | 310 | -6.46% | -4.93% | -1.53% | +0.00B |
| 2022-06-30 | $80M | 297 | -12.94% | -16.11% | +3.17% | +0.00B |