Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.21%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.62%
baseline attrition
Rally response
+1.87%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SGOViShares 0-3 Month Treasu | $157M | 11.9% | — | 0.3 yr |
| VCITVanguard Intermediate-Te | $88M | 6.6% | — | 6.8 yr |
| VCSHVanguard Short-Term Corp | $83M | 6.3% | — | 9.0 yr |
| JEPQJPMorgan Nasdaq Equity P | $60M | 4.6% | — | 2.8 yr |
| JPIEJPMorgan Income ETF | $45M | 3.4% | — | 1.0 yr |
| MTBASimplify MBS ETF | $42M | 3.2% | — | 1.8 yr |
| JAAAJanus Henderson AAA CLO | $35M | 2.7% | — | 3.8 yr |
| VGITVanguard Intermediate-Te | $29M | 2.2% | — | 0.5 yr |
| MSFTMicrosoft Corporation | $27M | 2.1% | -0.6% | 9.5 yr |
| XLUState Street Utilities S | $27M | 2.0% | — | 5.3 yr |
| AAPLApple Inc. | $26M | 1.9% | +14.7% | 10.5 yr |
| NVDANVIDIA Corporation | $24M | 1.8% | +60.9% | 8.5 yr |
| JEPIJPMorgan Equity Premium | $22M | 1.7% | — | 1.8 yr |
| METAMeta Platforms, Inc. | $19M | 1.5% | -0.4% | 9.8 yr |
| GOOGLAlphabet Inc. | $18M | 1.4% | — | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management - Bonds25.7%+16.1pp$340M
Asset Management16.7%-20.8pp$222M
Asset Management - Income10.8%+4.1pp$142M
Internet Content & Information4.1%+0.9pp$55M
Semiconductors4.0%+1.3pp$53M
Drug Manufacturers - General3.3%+1.5pp$43M
Software - Infrastructure2.5%-1.3pp$33M
Banks - Diversified2.0%+1.2pp$27M
Consumer Electronics1.9%-0.5pp$26M
Banks - Regional1.7%+0.8pp$23M
Country
US96.6%+0.4pp
GB1.5%+1.3pp
TW0.6%+0.1pp
IE0.5%-0.3pp
Unknown0.5%-1.4pp
BM0.3%+0.1pp
CA0.0%
Top 5: 32.7% · Top 10: 44.9% · Top 25: 63.7%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$15M |
| FRPT Freshpet, Inc.new | +$3M |
| GGG Graco Inc.new | +$3M |
| BEN Franklin Resources, Inc.new | +$3M |
| HON Honeywell International Inc. | +$3M |
| EGP EastGroup Properties, Inc.new | +$2M |
| BJ BJ's Wholesale Club Holdings, | +$2M |
| FSS Federal Signal Corporation | +$2M |
| STE STERIS plc | +$2M |
| WST West Pharmaceutical Services, | +$2M |
Top sells this quarter · 15
| AMAT Applied Materials, Inc. | −$14M |
| BLK BlackRock, Inc.exit | −$6M |
| IBM International Business Machineexit | −$6M |
| TDY Teledyne Technologies Incorporexit | −$5M |
| APO Apollo Global Management, Inc.exit | −$4M |
| TMUS T-Mobile US, Inc.exit | −$4M |
| EME EMCOR Group, Inc.exit | −$4M |
| BX Blackstone Inc. | −$4M |
| ARES Ares Management Corporationexit | −$4M |
| RL Ralph Lauren Corporationexit | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.32B | 129 | +16.04% | +17.59% | -1.56% | +0.01B |
| 2025-12-31 | $1.33B | 166 | +11.75% | +17.72% | -5.97% | +0.09B |
| 2025-09-30 | $1.24B | 172 | +14.25% | +17.52% | -3.27% | -0.10B |
| 2025-06-30 | $1.25B | 170 | +12.53% | +14.94% | -2.41% | -0.04B |
| 2025-03-31 | $1.18B | 160 | +6.25% | +8.30% | -2.06% | +0.08B |
| 2024-12-31 | $1.16B | 164 | +21.36% | +24.89% | -3.53% | -0.17B |
| 2024-09-30 | $1.29B | 176 | +31.45% | +36.04% | -4.59% | +0.04B |
| 2024-06-30 | $1.18B | 171 | +19.89% | +24.49% | -4.60% | +0.03B |
| 2024-03-31 | $1.12B | 175 | +25.65% | +29.62% | -3.98% | +0.10B |
| 2023-12-31 | $933M | 164 | +21.82% | +26.18% | -4.36% | +0.10B |
| 2023-09-30 | $751M | 123 | +14.39% | +21.57% | -7.17% | -0.05B |
| 2023-06-30 | $833M | 142 | +15.57% | +19.42% | -3.85% | +0.00B |
| 2023-03-31 | $764M | 117 | -5.41% | -7.82% | +2.41% | -0.04B |
| 2022-12-31 | $760M | 102 | -4.90% | -18.17% | +13.28% | -0.03B |
| 2022-09-30 | $760M | 103 | -3.83% | -15.51% | +11.68% | -0.03B |
| 2022-06-30 | $815M | 113 | +48.33% | -10.62% | +58.95% | -0.02B |