Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.20%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.27%
steady accumulation
Rally response
-1.14%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTVVanguard Value ETF | $1.65B | 8.1% | — | 9.5 yr |
| VUGVanguard Growth ETF | $1.59B | 7.9% | — | 9.8 yr |
| BIVVanguard Intermediate-Te | $790M | 3.9% | — | 5.8 yr |
| VOEVanguard Mid-Cap Value E | $763M | 3.8% | — | 6.0 yr |
| VIGIVanguard International D | $640M | 3.2% | — | 7.0 yr |
| IGSBiShares 1-5 Year Investm | $616M | 3.0% | — | 6.5 yr |
| AAPLApple Inc. | $583M | 2.9% | +1.9% | 10.0 yr |
| NVDANVIDIA Corporation | $458M | 2.3% | +29.9% | 6.5 yr |
| VWOVanguard FTSE Emerging M | $415M | 2.0% | — | 9.8 yr |
| VOTVanguard Mid-Cap Growth | $399M | 2.0% | — | 8.0 yr |
| DFIVDimensional - Internatio | $381M | 1.9% | — | 3.8 yr |
| AGGiShares Core U.S. Aggreg | $317M | 1.6% | — | 10.0 yr |
| MSFTMicrosoft Corporation | $308M | 1.5% | -11.3% | 10.0 yr |
| GOOGLAlphabet Inc. | $301M | 1.5% | — | 6.8 yr |
| VOOVanguard S&P 500 ETF | $290M | 1.4% | — | 8.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management57.6%+4.0pp$11.67B
Asset Management - Bonds9.1%+2.0pp$1.84B
Semiconductors4.3%+0.6pp$879M
Consumer Electronics2.9%-1.3pp$584M
Internet Content & Information2.6%-0.2pp$529M
Software - Infrastructure1.9%-0.9pp$387M
Drug Manufacturers - General1.9%+0.2pp$382M
Specialty Retail1.6%-0.5pp$330M
Banks - Diversified1.3%-0.4pp$260M
Oil & Gas Integrated1.0%+0.1pp$205M
Country
US99.3%-0.1pp
IE0.2%-0.0pp
GB0.1%+0.0pp
CA0.1%+0.0pp
Unknown0.1%-0.0pp
CH0.1%+0.0pp
TW0.1%+0.0pp
NL0.1%+0.0pp
Top 5: 26.8% · Top 10: 39.0% · Top 25: 58.5%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$39M |
| AMZN Amazon.com, Inc. | +$276M |
| PLD Prologis, Inc. | +$17M |
| SCHW The Charles Schwab Corporation | +$12M |
| V Visa Inc. | +$97M |
| META Meta Platforms, Inc. | +$129M |
| CASY Casey's General Stores, Inc. | +$7M |
| MA Mastercard Incorporated | +$7M |
| NFLX Netflix, Inc. | +$6M |
| WELL Welltower Inc. | +$6M |
Top sells this quarter · 15
| AMT American Tower Corporation | −$35M |
| ALL The Allstate Corporation | −$22M |
| NEE NextEra Energy, Inc. | −$15M |
| AVGO Broadcom Inc. | −$14M |
| SPY State Street SPDR S&P 500 ETF | −$14M |
| MCK McKesson Corporation | −$7M |
| NKE NIKE, Inc. | −$6M |
| XOM Exxon Mobil Corporation | −$121M |
| JNJ Johnson & Johnson | −$130M |
| UNH UnitedHealth Group Incorporate | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $20.27B | 1488 | +12.53% | +4.12% | +8.41% | +1.66B |
| 2025-12-31 | $19.24B | 1470 | +19.32% | +11.59% | +7.74% | +2.42B |
| 2025-06-30 | $15.21B | 1416 | +15.44% | +14.94% | +0.50% | +1.47B |
| 2025-03-31 | $12.52B | 1276 | +8.02% | +8.30% | -0.29% | +0.77B |
| 2024-12-31 | $12.25B | 1231 | +21.45% | +24.89% | -3.43% | +0.32B |
| 2024-09-30 | $11.63B | 1177 | +32.49% | +36.04% | -3.55% | +1.57B |
| 2024-06-30 | $9.41B | 856 | +15.09% | +24.49% | -9.40% | +0.63B |
| 2024-03-31 | $8.55B | 828 | +13.64% | +29.62% | -15.99% | +0.10B |
| 2023-12-31 | $7.84B | 810 | +11.87% | +26.18% | -14.30% | +0.63B |
| 2023-09-30 | $6.44B | 749 | +6.85% | +21.57% | -14.72% | +4.38B |
| 2023-06-30 | $2.22B | 400 | +11.03% | +19.42% | -8.40% | -2.85B |
| 2023-03-31 | $5.01B | 484 | -5.76% | -7.82% | +2.06% | -0.88B |
| 2022-12-31 | $5.54B | 618 | -15.31% | -18.17% | +2.87% | +0.84B |
| 2022-09-30 | $4.41B | 340 | -11.96% | -15.51% | +3.55% | +0.12B |
| 2022-06-30 | $4.44B | 633 | -8.28% | -10.62% | +2.34% | +0.52B |
| 2022-03-31 | $4.55B | 632 | +15.45% | +15.45% | -0.00% | +0.53B |