Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-16.34%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.20%
steady accumulation
Rally response
-0.04%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TCBKTriCo Bancshares | $17M | 15.2% | +22.7% | 1.5 yr |
| PRIMPrimoris Services Corpor | $11M | 9.7% | +149.7% | 1.5 yr |
| SPYState Street SPDR S&P 50 | $10M | 8.6% | +17.6% | 1.5 yr |
| EFAiShares MSCI EAFE ETF | $8M | 7.0% | — | 1.5 yr |
| AAPLApple Inc. | $6M | 5.1% | +14.7% | 1.5 yr |
| MSFTMicrosoft Corporation | $4M | 3.8% | -0.6% | 1.5 yr |
| AVGOBroadcom Inc. | $4M | 3.2% | +86.0% | 1.5 yr |
| GOOGLAlphabet Inc. | $3M | 2.8% | — | 1.5 yr |
| JPSTJPMorgan Ultra-Short Inc | $3M | 2.4% | — | 1.5 yr |
| JPMJPMorgan Chase & Co. | $3M | 2.3% | +21.8% | 1.5 yr |
| EEMiShares MSCI Emerging Ma | $2M | 2.2% | — | 1.5 yr |
| VVisa Inc. | $2M | 2.0% | -13.1% | 1.5 yr |
| NVDANVIDIA Corporation | $2M | 1.8% | +60.9% | 1.5 yr |
| IVViShares Core S&P 500 ETF | $2M | 1.8% | — | 1.5 yr |
| SDVYFirst Trust SMID Cap Ris | $2M | 1.7% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management24.3%-2.5pp$27M
Banks - Regional16.3%+0.4pp$18M
Engineering & Construction9.7%+4.6pp$11M
Consumer Electronics5.1%-0.0pp$6M
Semiconductors5.0%+1.4pp$6M
Asset Management - Income4.3%-0.2pp$5M
Internet Content & Information4.2%+1.3pp$5M
Software - Infrastructure3.8%-1.1pp$4M
Insurance - Diversified2.5%-0.7pp$3M
Banks - Diversified2.3%-0.2pp$3M
Country
US98.7%-0.1pp
CH0.6%-0.0pp
GB0.5%-0.0pp
IE0.2%
Top 5: 45.7% · Top 10: 60.2% · Top 25: 81.4%
Top buys this quarter · 9
| SPY State Street SPDR S&P 500 ETF | +$10M |
| GEV GE Vernova Inc.new | +$0M |
| CVBF CVB Financial Corp. | +$0M |
| SDVY First Trust SMID Cap Rising Di | +$0M |
| EEM iShares MSCI Emerging Markets | +$0M |
| EFA iShares MSCI EAFE ETF | +$0M |
| DGRO iShares Core Dividend Growth Enew | +$0M |
| SPDW State Street SPDR Portfolio De | +$0M |
| XLE State Street Energy Select Secnew | +$0M |
Top sells this quarter · 9
| PRIM Primoris Services Corporation | −$10M |
| MS Morgan Stanleyexit | −$1M |
| PRU Prudential Financial, Inc.exit | −$0M |
| MA Mastercard Incorporatedexit | −$0M |
| RSP Invesco S&P 500 Equal Weight E | −$0M |
| IVV iShares Core S&P 500 ETF | −$0M |
| JPST JPMorgan Ultra-Short Income ET | −$0M |
| PIZ Invesco Dorsey Wright Developeexit | −$0M |
| EFAV iShares MSCI EAFE Min Vol Factexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $111M | 70 | +26.44% | +17.59% | +8.85% | -0.00B |
| 2025-12-31 | $112M | 71 | +17.71% | +17.72% | -0.01% | +0.00B |
| 2025-09-30 | $110M | 73 | +13.32% | +8.12% | +5.20% | -0.01B |
| 2025-06-30 | $102M | 75 | +10.77% | +10.78% | -0.00% | -0.00B |
| 2025-03-31 | $96M | 72 | -7.74% | -4.27% | -3.47% | -0.00B |
| 2024-12-31 | $108M | 79 | — | — | — | — |