Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.19%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.44%
baseline attrition
Rally response
-0.52%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ABBVAbbVie Inc. | $14M | 13.6% | +7.3% | 6.3 yr |
| TRVThe Travelers Companies, | $12M | 11.0% | +12.0% | 10.5 yr |
| VZVerizon Communications I | $9M | 8.2% | +16.5% | 8.5 yr |
| GSThe Goldman Sachs Group, | $8M | 7.7% | +58.1% | 10.5 yr |
| SBUXStarbucks Corporation | $6M | 5.8% | -6.1% | 10.5 yr |
| MOAltria Group, Inc. | $6M | 5.4% | +15.8% | 7.3 yr |
| TROWT. Rowe Price Group, Inc | $4M | 3.8% | +3.4% | 10.3 yr |
| PFEPfizer Inc. | $3M | 3.3% | +18.8% | 5.5 yr |
| ORIOld Republic Internation | $3M | 3.0% | +10.8% | 5.3 yr |
| MCMoelis & Company | $3M | 2.7% | +1.8% | 9.8 yr |
| AAPLApple Inc. | $3M | 2.6% | +14.7% | 7.8 yr |
| CMCanadian Imperial Bank o | $3M | 2.5% | +73.0% | 10.3 yr |
| PMPhilip Morris Internatio | $3M | 2.5% | +7.9% | 9.3 yr |
| NVDANVIDIA Corporation | $2M | 2.3% | +60.9% | 10.5 yr |
| SUNSunoco LP | $2M | 2.2% | +19.7% | 5.0 yr |
Portfolio composition (YoY)
Industry mix
Drug Manufacturers - General17.5%+2.9pp$18M
Insurance - Property & Casualty11.0%+0.4pp$12M
Financial - Capital Markets10.5%+2.3pp$11M
Telecommunications Services8.2%+1.3pp$9M
Tobacco7.9%+1.0pp$8M
Restaurants5.8%-0.6pp$6M
Banks - Diversified5.6%+1.9pp$6M
Asset Management4.8%-5.1pp$5M
Oil & Gas Integrated3.0%+1.0pp$3M
Insurance - Diversified3.0%+0.1pp$3M
Country
US91.7%-0.5pp
CA6.0%+0.8pp
Unknown1.4%-0.3pp
FR0.9%+0.3pp
Top 5: 46.3% · Top 10: 64.4% · Top 25: 90.6%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $105M | 49 | +13.57% | +17.59% | -4.02% | -0.01B |
| 2025-12-31 | $111M | 49 | +18.16% | +17.72% | +0.44% | -0.01B |
| 2025-09-30 | $115M | 67 | +13.71% | +17.52% | -3.80% | -0.01B |
| 2025-06-30 | $117M | 114 | +17.80% | +14.94% | +2.85% | +0.00B |
| 2025-03-31 | $112M | 107 | +11.60% | +8.30% | +3.29% | -0.00B |
| 2024-12-31 | $110M | 105 | +15.04% | +24.89% | -9.84% | -0.00B |
| 2024-09-30 | $112M | 105 | +28.56% | +36.04% | -7.48% | -0.00B |
| 2024-06-30 | $101M | 108 | +13.23% | +24.49% | -11.26% | -0.00B |
| 2024-03-31 | $107M | 101 | +15.05% | +29.62% | -14.57% | -0.00B |
| 2023-12-31 | $103M | 102 | +6.21% | +26.18% | -19.97% | -0.01B |
| 2023-09-30 | $106M | 105 | +10.49% | +21.57% | -11.08% | +0.00B |
| 2023-06-30 | $106M | 102 | +7.34% | +19.42% | -12.08% | +0.00B |
| 2023-03-31 | $103M | 107 | -3.52% | -7.82% | +4.30% | +0.00B |
| 2022-12-31 | $103M | 102 | +14.56% | +7.56% | +7.00% | -0.01B |
| 2022-09-30 | $97M | 126 | -4.37% | -4.93% | +0.56% | -0.00B |
| 2022-06-30 | $104M | 122 | -11.67% | -16.11% | +4.44% | -0.00B |