Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-73.79%
trims when stocks drop
when a holding falls −10%+
Middle response
-25.12%
baseline attrition
Rally response
+13.12%
adds into rallies
when a holding rises +10%+
Top positions · 19
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $1.06B | 34.8% | — | 2.0 yr |
| SPLGSPDR Portfolio S&P 500 E | $1.05B | 34.4% | — | 0.3 yr |
| BRK-BBerkshire Hathaway Inc. | $206M | 6.8% | — | 0.3 yr |
| AAPLApple Inc. | $163M | 5.4% | +14.7% | 1.0 yr |
| AMZNAmazon.com, Inc. | $75M | 2.5% | +9.5% | 1.5 yr |
| GOOGLAlphabet Inc. | $72M | 2.4% | — | 1.3 yr |
| EEMiShares MSCI Emerging Ma | $49M | 1.6% | — | 1.8 yr |
| JPMJPMorgan Chase & Co. | $49M | 1.6% | +21.8% | 0.8 yr |
| CRWVCoreWeave, Inc. Class A | $45M | 1.5% | +108.9% | 0.3 yr |
| GOOGAlphabet Inc. | $43M | 1.4% | +84.3% | 0.3 yr |
| BEBloom Energy Corporation | $42M | 1.4% | +589.2% | 0.5 yr |
| EWZiShares MSCI Brazil ETF | $41M | 1.4% | — | 1.0 yr |
| BSXBoston Scientific Corpor | $34M | 1.1% | -37.8% | 0.3 yr |
| ASMLASML Holding N.V. | $33M | 1.1% | +100.9% | 0.8 yr |
| TMOThermo Fisher Scientific | $29M | 1.0% | -0.9% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management72.9%-9.6pp$2.22B
Insurance - Diversified6.8%$206M
Consumer Electronics5.4%-0.8pp$163M
Internet Content & Information3.8%$115M
Specialty Retail2.5%-3.9pp$75M
Banks - Diversified1.6%$49M
Software - Infrastructure1.5%$45M
Electrical Equipment & Parts1.4%$42M
Medical - Devices1.1%$34M
Semiconductors1.1%-3.9pp$33M
Country
US98.9%-1.1pp
NL1.1%
Top 5: 83.8% · Top 10: 92.2% · Top 25: 100.0%
Top buys this quarter · 12
| AAPL Apple Inc. | +$130M |
| CRWV CoreWeave, Inc. Class A Commonnew | +$45M |
| JPM JPMorgan Chase & Co. | +$44M |
| GOOG Alphabet Inc.new | +$43M |
| BSX Boston Scientific Corporationnew | +$34M |
| TMO Thermo Fisher Scientific Inc.new | +$29M |
| SCHW The Charles Schwab Corporationnew | +$28M |
| BE Bloom Energy Corporation | +$24M |
| DVN Devon Energy Corporationnew | +$5M |
| GOOGL Alphabet Inc. | +$0M |
Top sells this quarter · 15
| AMZN Amazon.com, Inc. | −$164M |
| BAC Bank of America Corporationexit | −$54M |
| C Citigroup Inc.exit | −$40M |
| ASML ASML Holding N.V. | −$37M |
| NCLH Norwegian Cruise Line Holdingsexit | −$37M |
| NDAQ Nasdaq, Inc.exit | −$30M |
| MSFT Microsoft Corporationexit | −$30M |
| NFLX Netflix, Inc.exit | −$19M |
| 0I3I.L The Cooper Companies, Inc.exit | −$14M |
| HOOD Robinhood Markets, Inc.exit | −$14M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.04B | 19 | +26.86% | +17.59% | +9.26% | +0.24B |
| 2025-12-31 | $2.81B | 22 | +14.71% | +17.72% | -3.00% | +0.09B |
| 2025-09-30 | $2.50B | 10 | +11.27% | +17.52% | -6.25% | +0.55B |
| 2025-06-30 | $1.87B | 7 | +11.16% | +14.94% | -3.78% | +0.14B |
| 2025-03-31 | $1.54B | 5 | +4.99% | +8.30% | -3.31% | -0.28B |
| 2024-12-31 | $2.03B | 3 | +23.85% | +24.89% | -1.03% | +0.87B |
| 2024-09-30 | $1.09B | 6 | +41.84% | +36.04% | +5.80% | -0.12B |
| 2024-06-30 | $1.17B | 14 | +29.04% | +24.49% | +4.55% | +0.23B |
| 2024-03-31 | $886M | 3 | +20.18% | +29.62% | -9.44% | -0.83B |
| 2023-12-31 | $1.61B | 12 | +9.98% | +26.18% | -16.20% | +0.33B |
| 2023-09-30 | $1.06B | 8 | -25.71% | +21.57% | -47.28% | +0.19B |
| 2023-06-30 | $917M | 8 | -34.78% | +19.42% | -54.20% | +0.30B |
| 2023-03-31 | $624M | 9 | -52.68% | -7.82% | -44.87% | +0.06B |
| 2022-12-31 | $583M | 5 | -52.48% | -18.17% | -34.30% | +0.32B |
| 2022-09-30 | $319M | 3 | -25.24% | -15.51% | -9.73% | +0.07B |
| 2022-06-30 | $299M | 5 | -28.38% | -16.11% | -12.27% | +0.30B |