Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.31%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.14%
steady accumulation
Rally response
-2.28%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| UBNDVictoryShares Core Plus | $385M | 7.2% | — | 2.0 yr |
| GSIEGoldman Sachs ActiveBeta | $241M | 4.5% | — | 0.8 yr |
| AVUSAvantis U.S. Equity ETF | $214M | 4.0% | — | 2.5 yr |
| SMTHALPS Funds Smith Core Pl | $208M | 3.9% | — | 2.3 yr |
| DFAUDimensional - US Core Eq | $167M | 3.1% | — | 0.5 yr |
| IOOiShares Global 100 ETF | $154M | 2.9% | — | 1.3 yr |
| DFAIDimensional - Internatio | $152M | 2.9% | — | 0.3 yr |
| NVDANVIDIA Corporation | $141M | 2.6% | +60.9% | 5.5 yr |
| AVDEAvantis International Eq | $132M | 2.5% | — | 2.5 yr |
| AVEMAvantis Emerging Markets | $124M | 2.3% | — | 4.0 yr |
| AAPLApple Inc. | $117M | 2.2% | +14.7% | 10.3 yr |
| AMZNAmazon.com, Inc. | $98M | 1.8% | +9.5% | 8.8 yr |
| LRGFiShares U.S. Equity Fact | $90M | 1.7% | — | 0.3 yr |
| MSFTMicrosoft Corporation | $88M | 1.7% | -0.6% | 10.3 yr |
| DFICDimensional - Internatio | $87M | 1.6% | — | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management39.3%-0.7pp$2.10B
Asset Management - Bonds14.3%+8.7pp$765M
Semiconductors7.2%+3.2pp$387M
Internet Content & Information3.8%+1.1pp$201M
Specialty Retail3.3%-0.9pp$176M
Asset Management - Global3.0%-0.1pp$158M
Consumer Electronics2.2%-0.3pp$117M
Financial - Capital Markets2.0%-0.2pp$104M
Software - Infrastructure1.8%-1.9pp$95M
Medical - Devices1.7%+0.6pp$91M
Country
US93.3%+4.0pp
Unknown1.7%-3.3pp
NL1.1%+0.0pp
LU1.1%+0.5pp
BR0.8%+0.1pp
UY0.7%-0.2pp
CA0.6%-0.3pp
TW0.3%+0.1pp
Top 5: 22.8% · Top 10: 35.9% · Top 25: 59.3%
Top buys this quarter · 15
| NEE NextEra Energy, Inc. | +$54M |
| ADI Analog Devices, Inc. | +$35M |
| BAC Bank of America Corporation | +$33M |
| VRT Vertiv Holdings Conew | +$32M |
| MSFT Microsoft Corporation | +$28M |
| SPOT Spotify Technology S.A. | +$27M |
| TPL Texas Pacific Land Corporation | +$20M |
| NVDA NVIDIA Corporation | +$16M |
| EXPE Expedia Group, Inc. | +$16M |
| GMED Globus Medical, Inc. | +$10M |
Top sells this quarter · 15
| ORCL Oracle Corporation | −$34M |
| WST West Pharmaceutical Services, | −$30M |
| ZETA Zeta Global Holdings Corp. | −$30M |
| ASML ASML Holding N.V. | −$30M |
| FNV Franco-Nevada Corporation | −$26M |
| RBRK Rubrik, Inc. | −$23M |
| AJG Arthur J. Gallagher & Co.exit | −$22M |
| LB LandBridge Company LLC | −$18M |
| GLBE Global-e Online Ltd. | −$18M |
| META Meta Platforms, Inc. | −$17M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $5.34B | 374 | +14.77% | +17.59% | -2.82% | +0.32B |
| 2025-12-31 | $5.24B | 357 | +17.22% | +17.72% | -0.50% | +0.64B |
| 2025-09-30 | $4.70B | 313 | +24.48% | +17.52% | +6.96% | +0.24B |
| 2025-06-30 | $4.15B | 321 | +22.65% | +14.94% | +7.71% | +0.13B |
| 2025-03-31 | $3.53B | 309 | +10.20% | +8.30% | +1.90% | +0.28B |
| 2024-12-31 | $3.32B | 309 | +24.42% | +24.89% | -0.46% | +0.07B |
| 2024-09-30 | $3.13B | 286 | +32.88% | +36.04% | -3.16% | +0.12B |
| 2024-06-30 | $2.84B | 283 | +21.47% | +24.49% | -3.02% | -0.04B |
| 2024-03-31 | $2.82B | 285 | +26.21% | +29.62% | -3.42% | +0.17B |
| 2023-12-31 | $2.40B | 266 | +20.50% | +26.18% | -5.68% | +0.56B |
| 2023-09-30 | $1.65B | 253 | +20.84% | +21.57% | -0.73% | -0.09B |
| 2023-06-30 | $1.80B | 249 | +17.58% | +19.42% | -1.85% | -0.18B |
| 2023-03-31 | $1.86B | 242 | -5.44% | -7.82% | +2.38% | -0.01B |
| 2022-12-31 | $1.77B | 251 | -14.51% | -18.17% | +3.67% | +0.13B |
| 2022-09-30 | $1.48B | 237 | -14.65% | -15.51% | +0.86% | +0.18B |
| 2022-06-30 | $1.38B | 255 | -8.82% | -10.62% | +1.80% | +0.21B |