Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.07%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.51%
baseline attrition
Rally response
-0.09%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $83M | 12.2% | — | 10.5 yr |
| VCITVanguard Intermediate-Te | $40M | 5.9% | — | 10.5 yr |
| IJHiShares Core S&P Mid-Cap | $36M | 5.4% | — | 10.5 yr |
| DFIVDimensional - Internatio | $35M | 5.2% | — | 0.8 yr |
| IJRiShares Core S&P Small-C | $34M | 5.1% | — | 10.5 yr |
| VWOVanguard FTSE Emerging M | $33M | 4.8% | — | 10.5 yr |
| QQQMInvesco NASDAQ 100 ETF | $29M | 4.2% | — | 3.8 yr |
| QQQInvesco QQQ Trust, Serie | $27M | 3.9% | — | 8.0 yr |
| VEAVanguard FTSE Developed | $24M | 3.5% | — | 10.5 yr |
| AGGiShares Core U.S. Aggreg | $21M | 3.1% | — | 10.5 yr |
| IUSGiShares Core S&P U.S. Gr | $20M | 3.0% | — | 4.0 yr |
| XLREState Street Real Estate | $14M | 2.0% | — | 6.5 yr |
| BRK-BBerkshire Hathaway Inc. | $14M | 2.0% | — | 10.5 yr |
| IOOiShares Global 100 ETF | $12M | 1.8% | — | 3.3 yr |
| VFLOVictoryShares Free Cash | $12M | 1.8% | — | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management67.2%+1.6pp$457M
Asset Management - Bonds8.6%-1.2pp$59M
Drug Manufacturers - General2.0%+0.1pp$14M
Insurance - Diversified2.0%-0.2pp$14M
Asset Management - Global1.9%+0.5pp$13M
Asset Management - Income1.4%-2.2pp$10M
Semiconductors1.4%+0.4pp$9M
Consumer Electronics1.3%-0.0pp$9M
Banks - Regional1.3%-0.0pp$9M
Oil & Gas Integrated1.2%+0.2pp$8M
Country
US99.7%+0.5pp
IE0.1%-0.0pp
GB0.1%+0.1pp
CA0.0%-0.3pp
Top 5: 33.7% · Top 10: 53.2% · Top 25: 75.5%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| CAT | $3M | +0.00B | 117.8% |
| NVDA | $3M | +0.00B | 60.9% |
| XOM | $3M | +0.00B | 47.6% |
| JPM | $5M | +0.00B | 21.8% |
| AAPL | $8M | +0.00B | 14.7% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $5M | -0.00B | -0.6% |
Top buys this quarter · 15
| HD The Home Depot, Inc. | +$1M |
| NKE NIKE, Inc. | +$1M |
| UNH UnitedHealth Group Incorporate | +$1M |
| NET Cloudflare, Inc. | +$0M |
| PG The Procter & Gamble Company | +$0M |
| ORCL Oracle Corporation | +$0M |
| MU Micron Technology, Inc. | +$0M |
| XOM Exxon Mobil Corporation | +$0M |
| CRM Salesforce, Inc. | +$0M |
| ALB Albemarle Corporationnew | +$0M |
Top sells this quarter · 15
| IBM International Business Machine | −$1M |
| CSCO Cisco Systems, Inc. | −$1M |
| MCD McDonald's Corporation | −$1M |
| ICE Intercontinental Exchange, Incexit | −$1M |
| PBR Petróleo Brasileiro S.A. - Peexit | −$0M |
| NOW ServiceNow, Inc.exit | −$0M |
| DOW Dow Inc. | −$0M |
| BLK BlackRock, Inc.exit | −$0M |
| CIEN Ciena Corporation | −$0M |
| NWBI Northwest Bancshares, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $680M | 200 | +27.10% | +17.59% | +9.50% | -0.01B |
| 2025-12-31 | $679M | 194 | +23.26% | +17.72% | +5.54% | -0.01B |
| 2025-09-30 | $658M | 199 | +20.22% | +17.52% | +2.70% | -0.03B |
| 2025-06-30 | $622M | 183 | +17.92% | +14.94% | +2.98% | -0.00B |
| 2025-03-31 | $572M | 177 | +12.18% | +8.30% | +3.87% | +0.01B |
| 2024-12-31 | $573M | 175 | +21.50% | +24.89% | -3.39% | -0.01B |
| 2024-09-30 | $579M | 167 | +32.33% | +36.04% | -3.71% | -0.00B |
| 2024-06-30 | $536M | 166 | +17.96% | +24.49% | -6.53% | +0.07B |
| 2024-03-31 | $454M | 139 | +18.90% | +29.62% | -10.72% | -0.04B |
| 2023-12-31 | $466M | 153 | +14.15% | +26.18% | -12.03% | +0.00B |
| 2023-09-30 | $419M | 152 | +14.31% | +21.57% | -7.26% | +0.01B |
| 2023-06-30 | $422M | 153 | +11.39% | +19.42% | -8.04% | -0.00B |
| 2023-03-31 | $407M | 151 | -6.36% | -7.82% | +1.45% | +0.11B |
| 2022-12-31 | $293M | 144 | -13.00% | -18.17% | +5.18% | -0.03B |
| 2022-09-30 | $296M | 737 | -12.67% | -15.51% | +2.84% | +0.02B |
| 2022-06-30 | $299M | 732 | -6.46% | -10.62% | +4.16% | -0.02B |