Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.98%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.28%
baseline attrition
Rally response
-0.44%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTIVanguard Total Stock Mar | $256M | 22.7% | — | 10.5 yr |
| IEFAiShares Core MSCI EAFE E | $141M | 12.5% | — | 10.5 yr |
| IWFiShares Russell 1000 Gro | $78M | 6.9% | — | 10.5 yr |
| IJRiShares Core S&P Small-C | $62M | 5.5% | — | 8.0 yr |
| DGROiShares Core Dividend Gr | $59M | 5.2% | — | 4.0 yr |
| IWDiShares Russell 1000 Val | $57M | 5.1% | — | 10.5 yr |
| IJHiShares Core S&P Mid-Cap | $48M | 4.2% | — | 7.5 yr |
| AGGiShares Core U.S. Aggreg | $37M | 3.3% | — | 10.5 yr |
| SPYState Street SPDR S&P 50 | $28M | 2.5% | +17.6% | 10.5 yr |
| FBIZFirst Business Financial | $19M | 1.7% | +17.1% | 10.5 yr |
| JPSTJPMorgan Ultra-Short Inc | $18M | 1.6% | — | 3.5 yr |
| NVDANVIDIA Corporation | $17M | 1.5% | +60.9% | 6.3 yr |
| AAPLApple Inc. | $15M | 1.3% | +14.7% | 10.3 yr |
| AVGOBroadcom Inc. | $13M | 1.1% | +86.0% | 8.0 yr |
| GOOGLAlphabet Inc. | $12M | 1.1% | — | 7.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management72.8%-3.1pp$819M
Semiconductors4.2%+1.6pp$48M
Banks - Regional1.8%-0.1pp$20M
Banks - Diversified1.7%+0.3pp$19M
Asset Management - Income1.6%+0.6pp$18M
Internet Content & Information1.5%+0.7pp$17M
Consumer Electronics1.3%+0.0pp$15M
Communication Equipment1.3%+0.8pp$14M
Drug Manufacturers - General0.9%+0.0pp$10M
Engineering & Construction0.8%+0.4pp$9M
Country
US99.6%+0.2pp
IE0.2%-0.1pp
NL0.1%+0.0pp
CA0.0%-0.1pp
Unknown0.0%-0.0pp
GB0.0%
CH0.0%
Top 5: 53.0% · Top 10: 69.8% · Top 25: 83.2%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| CIEN | $1M | +0.01B | 542.4% |
| NVDA | $10M | +0.01B | 60.9% |
| AVGO | $7M | +0.01B | 86.0% |
| LRCX | $2M | +0.00B | 196.1% |
| SPY | $25M | +0.00B | 17.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $7M | -0.00B | -0.6% |
Top buys this quarter · 15
| CIEN Ciena Corporation | +$1M |
| AVGO Broadcom Inc. | +$13M |
| NVDA NVIDIA Corporation | +$17M |
| JPM JPMorgan Chase & Co. | +$1M |
| ANET Arista Networks, Inc. | +$1M |
| LRCX Lam Research Corporation | +$1M |
| PWR Quanta Services, Inc. | +$1M |
| AAPL Apple Inc. | +$15M |
| LLY Eli Lilly and Company | +$6M |
| TMUS T-Mobile US, Inc. | +$1M |
Top sells this quarter · 15
| EOG EOG Resources, Inc. | −$2M |
| SHEL Shell plc | −$1M |
| WTRG Essential Utilities, Inc. | −$1M |
| HLT Hilton Worldwide Holdings Inc. | −$0M |
| EXAS Exact Sciences Corporationexit | −$0M |
| WFC Wells Fargo & Companyexit | −$0M |
| FIS Fidelity National Information exit | −$0M |
| MCD McDonald's Corporation | −$0M |
| PG The Procter & Gamble Company | −$0M |
| GEV GE Vernova Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.12B | 192 | +27.60% | +17.59% | +10.01% | +0.03B |
| 2025-12-31 | $1.09B | 168 | +22.19% | +17.72% | +4.47% | -0.05B |
| 2025-09-30 | $1.09B | 185 | +20.77% | +17.52% | +3.26% | -0.12B |
| 2025-06-30 | $1.11B | 185 | +18.97% | +14.94% | +4.03% | -0.02B |
| 2025-03-31 | $1.02B | 170 | +9.26% | +8.30% | +0.96% | +0.04B |
| 2024-12-31 | $1.01B | 162 | +21.96% | +24.89% | -2.92% | -0.02B |
| 2024-09-30 | $999M | 159 | +32.97% | +36.04% | -3.06% | -0.01B |
| 2024-06-30 | $943M | 157 | +20.02% | +24.49% | -4.47% | -0.01B |
| 2024-03-31 | $934M | 171 | +24.41% | +29.62% | -5.21% | +0.01B |
| 2023-12-31 | $860M | 162 | +19.16% | +26.18% | -7.02% | -0.02B |
| 2023-09-30 | $785M | 168 | +16.24% | +21.57% | -5.32% | -0.00B |
| 2023-06-30 | $811M | 167 | +15.26% | +19.42% | -4.17% | -0.03B |
| 2023-03-31 | $797M | 168 | -4.69% | -7.82% | +3.13% | +0.03B |
| 2022-12-31 | $744M | 163 | -11.64% | -18.17% | +6.54% | -0.01B |
| 2022-09-30 | $688M | 152 | -10.80% | -15.51% | +4.71% | -0.03B |
| 2022-06-30 | $742M | 159 | -6.69% | -10.62% | +3.94% | -0.05B |