Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-11.48%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.58%
baseline attrition
Rally response
-7.69%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IEFiShares 7-10 Year Treasu | $42M | 7.4% | — | 3.0 yr |
| XOMExxon Mobil Corporation | $28M | 5.0% | +47.6% | 8.8 yr |
| MSFTMicrosoft Corporation | $27M | 4.8% | -0.6% | 8.8 yr |
| AAPLApple Inc. | $26M | 4.6% | +14.7% | 8.3 yr |
| GOOGAlphabet Inc. | $20M | 3.5% | +84.3% | 8.8 yr |
| AVGOBroadcom Inc. | $18M | 3.1% | +86.0% | 2.5 yr |
| NVDANVIDIA Corporation | $17M | 3.0% | +60.9% | 5.5 yr |
| QUALiShares MSCI USA Quality | $16M | 2.8% | — | 1.5 yr |
| WMTWalmart Inc. | $15M | 2.6% | +42.8% | 7.5 yr |
| COSTCostco Wholesale Corpora | $15M | 2.6% | +5.9% | 8.8 yr |
| JPMJPMorgan Chase & Co. | $14M | 2.4% | +21.8% | 6.0 yr |
| AMZNAmazon.com, Inc. | $13M | 2.4% | +9.5% | 4.3 yr |
| VVisa Inc. | $13M | 2.2% | -13.1% | 4.3 yr |
| KLACKLA Corporation | $12M | 2.1% | +118.2% | 2.0 yr |
| GVIiShares Intermediate Gov | $12M | 2.1% | — | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors11.0%+3.4pp$62M
Asset Management8.6%-0.0pp$49M
Asset Management - Bonds7.5%+0.5pp$43M
Software - Infrastructure6.8%-0.7pp$39M
Internet Content & Information5.4%+0.7pp$30M
Discount Stores5.2%+0.4pp$30M
Oil & Gas Integrated5.1%-0.5pp$29M
Industrial - Machinery4.9%+1.4pp$28M
Consumer Electronics4.6%-1.1pp$26M
Drug Manufacturers - General4.1%-1.0pp$23M
Country
US94.5%-0.8pp
TW1.9%+0.9pp
IE1.9%-0.1pp
GB1.5%-0.0pp
CA0.1%
CH0.1%-0.0pp
Unknown0.0%
DE0.0%-0.0pp
Top 5: 25.2% · Top 10: 39.3% · Top 25: 66.3%
Top buys this quarter · 15
| TSM Taiwan Semiconductor Manufactu | +$2M |
| MSFT Microsoft Corporation | +$27M |
| COST Costco Wholesale Corporation | +$1M |
| AAPL Apple Inc. | +$26M |
| VLO Valero Energy Corporation | +$1M |
| AMZN Amazon.com, Inc. | +$13M |
| JPM JPMorgan Chase & Co. | +$14M |
| GLW Corning Incorporated | +$1M |
| ROK Rockwell Automation, Inc.new | +$1M |
| XOM Exxon Mobil Corporation | +$1M |
Top sells this quarter · 15
| TD The Toronto-Dominion Bank | −$12M |
| BMY Bristol-Myers Squibb Company | −$4M |
| ZTS Zoetis Inc. | −$4M |
| LNT Alliant Energy Corporation | −$4M |
| UNH UnitedHealth Group Incorporate | −$4M |
| BA The Boeing Company | −$3M |
| XYL Xylem Inc. | −$3M |
| ADBE Adobe Inc. | −$3M |
| CVX Chevron Corporation | −$3M |
| CBU Community Bank System, Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $568M | 459 | +19.46% | +17.59% | +1.87% | +0.04B |
| 2025-12-31 | $545M | 98 | +16.87% | +17.72% | -0.85% | -0.01B |
| 2025-09-30 | $546M | 99 | +16.38% | +17.52% | -1.14% | +0.00B |
| 2025-06-30 | $503M | 96 | +12.37% | +14.94% | -2.57% | -0.01B |
| 2025-03-31 | $461M | 96 | +6.42% | +8.30% | -1.88% | -0.02B |
| 2024-12-31 | $505M | 119 | +31.09% | +24.89% | +6.20% | +0.01B |
| 2024-09-30 | $489M | 123 | +25.83% | +17.93% | +7.91% | +0.00B |
| 2024-06-30 | $464M | 118 | +33.36% | +23.85% | +9.51% | +0.01B |
| 2024-03-31 | $439M | 139 | +28.62% | +19.33% | +9.28% | -0.03B |
| 2023-09-30 | $396M | 120 | +18.27% | +17.14% | +1.14% | +0.01B |
| 2021-12-31 | $399M | 105 | +28.72% | +28.72% | +0.00% | -0.01B |
| 2021-09-30 | $367M | 104 | +29.94% | +29.94% | +0.00% | +0.01B |
| 2021-06-30 | $358M | 101 | +40.88% | +40.88% | +0.00% | -0.01B |
| 2021-03-31 | $338M | 94 | +56.23% | +56.23% | +0.00% | -0.00B |
| 2020-12-31 | $318M | 89 | +18.33% | +18.33% | +0.00% | +0.01B |
| 2020-09-30 | $271M | 87 | +15.02% | +15.02% | +0.00% | -0.02B |