Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.60%
trims when stocks drop
when a holding falls −10%+
Middle response
+6.81%
steady accumulation
Rally response
-2.60%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VYMVanguard High Dividend Y | $24M | 3.7% | — | 5.5 yr |
| AAPLApple Inc. | $23M | 3.6% | +14.7% | 6.5 yr |
| VTIVanguard Total Stock Mar | $19M | 2.9% | — | 8.5 yr |
| QQQInvesco QQQ Trust, Serie | $18M | 2.7% | — | 4.0 yr |
| TPCTutor Perini Corporation | $17M | 2.6% | +233.6% | 7.3 yr |
| GOOGLAlphabet Inc. | $14M | 2.1% | — | 5.0 yr |
| AMZNAmazon.com, Inc. | $12M | 1.9% | +9.5% | 5.8 yr |
| ETONEton Pharmaceuticals, In | $12M | 1.8% | +90.1% | 4.5 yr |
| IEFAiShares Core MSCI EAFE E | $11M | 1.6% | — | 5.3 yr |
| MSFTMicrosoft Corporation | $11M | 1.6% | -0.6% | 5.5 yr |
| GOOGAlphabet Inc. | $9M | 1.4% | +84.3% | 5.5 yr |
| AGGiShares Core U.S. Aggreg | $9M | 1.4% | — | 5.5 yr |
| METAMeta Platforms, Inc. | $9M | 1.4% | -0.4% | 5.5 yr |
| UBERUber Technologies, Inc. | $8M | 1.3% | -1.3% | 3.5 yr |
| NVDANVIDIA Corporation | $8M | 1.3% | +60.9% | 7.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management44.0%-2.5pp$286M
Semiconductors5.6%+1.8pp$36M
Internet Content & Information5.0%+0.5pp$32M
Asset Management - Bonds3.9%-1.0pp$25M
Consumer Electronics3.6%-0.4pp$24M
Unknown3.4%+2.6pp$22M
Software - Application3.4%-0.7pp$22M
Engineering & Construction2.7%+1.3pp$17M
Software - Infrastructure2.6%-0.4pp$17M
Drug Manufacturers - General2.4%-0.5pp$16M
Country
US93.4%-3.6pp
Unknown3.4%+2.6pp
CA0.9%-0.0pp
IE0.4%-0.1pp
NL0.3%+0.1pp
CH0.2%+0.1pp
SG0.2%+0.2pp
CN0.2%-0.1pp
Top 5: 15.5% · Top 10: 24.5% · Top 25: 41.8%
Top buys this quarter · 15
| AAPL Apple Inc. | +$2M |
| ADBE Adobe Inc. | +$2M |
| TRMB Trimble Inc. | +$1M |
| CRM Salesforce, Inc. | +$1M |
| BX Blackstone Inc. | +$1M |
| AMZN Amazon.com, Inc. | +$12M |
| PM Philip Morris International In | +$1M |
| PANW Palo Alto Networks, Inc. | +$0M |
| SNOW Snowflake Inc. | +$3M |
| BCO The Brink's Company | +$0M |
Top sells this quarter · 15
| COHR Coherent, Inc. | −$6M |
| MU Micron Technology, Inc. | −$1M |
| CHTR Charter Communications, Inc. | −$1M |
| TPC Tutor Perini Corporation | −$15M |
| CVS CVS Health Corporation | −$0M |
| NOC Northrop Grumman Corporation | −$5M |
| MDT Medtronic plc | −$0M |
| CFLT Confluent, Inc.exit | −$0M |
| DLX Deluxe Corporation | −$0M |
| BDX Becton, Dickinson and Company | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $649M | 1454 | +30.99% | +17.59% | +13.40% | +0.05B |
| 2025-12-31 | $618M | 1463 | +28.53% | +17.72% | +10.82% | -0.01B |
| 2025-09-30 | $619M | 1350 | +29.94% | +17.52% | +12.42% | +0.01B |
| 2025-06-30 | $533M | 1257 | +25.10% | +14.94% | +10.16% | -0.00B |
| 2025-03-31 | $463M | 952 | +12.97% | +8.30% | +4.67% | +0.01B |
| 2024-12-31 | $474M | 982 | +28.72% | +24.89% | +3.83% | -0.00B |
| 2024-09-30 | $464M | 960 | +43.79% | +36.04% | +7.75% | -0.01B |
| 2024-06-30 | $433M | 967 | +25.04% | +24.49% | +0.55% | +0.00B |
| 2024-03-31 | $412M | 873 | +29.66% | +29.62% | +0.04% | -0.01B |
| 2023-12-31 | $386M | 848 | +26.62% | +26.18% | +0.44% | -0.01B |
| 2023-09-30 | $342M | 818 | +25.82% | +21.57% | +4.25% | +0.01B |
| 2023-06-30 | $349M | 817 | +20.63% | +19.42% | +1.21% | -0.02B |
| 2023-03-31 | $336M | 820 | -15.93% | -7.82% | -8.11% | -0.85B |
| 2022-12-31 | $1.12B | 637 | -24.42% | -18.17% | -6.25% | -5.52B |
| 2022-09-30 | $5.84B | 657 | -26.25% | -15.51% | -10.74% | +2.53B |
| 2022-06-30 | $3.60B | 652 | -19.28% | -10.62% | -8.66% | +2.64B |