Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-9.43%
trims when stocks drop
when a holding falls −10%+
Middle response
+2.75%
steady accumulation
Rally response
+0.07%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SCHGSchwab U.S. Large-Cap Gr | $1.27B | 13.1% | — | 9.5 yr |
| SCHVSchwab U.S. Large-Cap Va | $1.08B | 11.1% | — | 9.5 yr |
| VGKVanguard FTSE Europe ETF | $721M | 7.5% | — | 10.5 yr |
| VPLVanguard FTSE Pacific ET | $579M | 6.0% | — | 9.5 yr |
| DFAEDimensional - Emerging C | $409M | 4.2% | — | 5.0 yr |
| SPTIState Street SPDR Portfo | $341M | 3.5% | — | 4.8 yr |
| BIVVanguard Intermediate-Te | $286M | 3.0% | — | 5.5 yr |
| DFSVDimensional - US Small C | $230M | 2.4% | — | 2.0 yr |
| VTVVanguard Value ETF | $227M | 2.3% | — | 7.5 yr |
| DISVDimensional - Internatio | $227M | 2.3% | — | 2.3 yr |
| VCSHVanguard Short-Term Corp | $225M | 2.3% | — | 10.5 yr |
| SPTLState Street SPDR Portfo | $216M | 2.2% | — | 4.0 yr |
| VUGVanguard Growth ETF | $214M | 2.2% | — | 7.5 yr |
| FBNDFidelity Total Bond ETF | $198M | 2.0% | — | 3.5 yr |
| VBKVanguard Small-Cap Growt | $183M | 1.9% | — | 9.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management77.6%+7.7pp$7.51B
Asset Management - Bonds11.4%-2.2pp$1.10B
Semiconductors1.0%+0.5pp$95M
Consumer Electronics0.5%-0.1pp$52M
Household & Personal Products0.5%-0.1pp$50M
Internet Content & Information0.5%+0.2pp$50M
Software - Infrastructure0.5%-0.0pp$45M
Oil & Gas Integrated0.4%+0.2pp$43M
Drug Manufacturers - General0.4%+0.1pp$41M
Asset Management - Global0.4%+0.0pp$34M
Country
US99.3%-0.4pp
Unknown0.2%+0.2pp
IE0.1%+0.0pp
VN0.1%
GB0.1%-0.0pp
CH0.1%+0.0pp
CA0.0%+0.0pp
SG0.0%+0.0pp
Top 5: 41.9% · Top 10: 55.5% · Top 25: 75.1%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| AAPL | $51M | +0.01B | 14.7% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| XOM Exxon Mobil Corporation | +$18M |
| FAST Fastenal Company | +$15M |
| LOW Lowe's Companies, Inc. | +$14M |
| ABT Abbott Laboratories | +$13M |
| BDX Becton, Dickinson and Company | +$12M |
| ADP Automatic Data Processing, Inc | +$11M |
| PG The Procter & Gamble Company | +$6M |
| NVDA NVIDIA Corporation | +$4M |
| AMZN Amazon.com, Inc. | +$3M |
| AAPL Apple Inc. | +$52M |
Top sells this quarter · 15
| LII Lennox International Inc. | −$495M |
| PEP PepsiCo, Inc. | −$17M |
| GD General Dynamics Corporation | −$14M |
| AOS A. O. Smith Corporation | −$14M |
| BF-B Brown-Forman Corporation | −$13M |
| HRL Hormel Foods Corporation | −$13M |
| TROW T. Rowe Price Group, Inc. | −$12M |
| ITW Illinois Tool Works Inc. | −$3M |
| LMT Lockheed Martin Corporation | −$2M |
| TGT Target Corporation | −$15M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $9.68B | 1875 | -1.14% | +17.59% | -18.73% | +0.79B |
| 2025-12-31 | $9.38B | 630 | +2.00% | +17.72% | -15.72% | -0.14B |
| 2025-09-30 | $9.58B | 1700 | +2.05% | +17.52% | -15.47% | +0.47B |
| 2025-06-30 | $9.06B | 602 | +11.90% | +14.94% | -3.04% | +0.03B |
| 2025-03-31 | $8.65B | 1781 | +6.43% | +8.30% | -1.87% | +1.12B |
| 2024-12-31 | $7.70B | 1736 | +34.95% | +24.89% | +10.06% | -0.02B |
| 2024-09-30 | $7.78B | 1696 | +50.34% | +36.04% | +14.30% | -1.00B |
| 2024-06-30 | $7.95B | 2172 | +37.66% | +24.49% | +13.17% | +1.80B |
| 2024-03-31 | $6.19B | 1738 | +60.92% | +29.62% | +31.30% | -1.53B |
| 2023-12-31 | $6.23B | 552 | +34.76% | +26.18% | +8.58% | +0.14B |
| 2023-09-30 | $5.50B | 526 | +33.97% | +21.57% | +12.40% | -0.70B |
| 2023-06-30 | $6.13B | 618 | +21.03% | +19.42% | +1.61% | -0.02B |
| 2023-03-31 | $5.30B | 508 | -6.89% | -7.82% | +0.92% | +0.23B |
| 2022-12-31 | $4.89B | 474 | -14.45% | -18.17% | +3.73% | +0.10B |
| 2022-09-30 | $4.35B | 466 | -13.64% | -15.51% | +1.87% | +0.63B |
| 2022-06-30 | $4.08B | 371 | -4.83% | -10.62% | +5.79% | -0.17B |