Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+6.73%
adds when stocks drop
when a holding falls −10%+
Middle response
-7.08%
baseline attrition
Rally response
-24.52%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $196M | 8.7% | — | 1.0 yr |
| — | $70M | 3.1% | — | 3.0 yr |
| THCTenet Healthcare Corpora | $60M | 2.7% | +40.3% | 4.3 yr |
| XLUState Street Utilities S | $41M | 1.8% | — | 1.8 yr |
| SATSEchoStar Corporation | $40M | 1.8% | +357.7% | 4.8 yr |
| SOCSable Offshore Corp. | $35M | 1.6% | -34.9% | 0.5 yr |
| COPXGlobal X - Copper Miners | $31M | 1.4% | — | 4.8 yr |
| AVGOBroadcom Inc. | $31M | 1.4% | +86.0% | 1.3 yr |
| XLVState Street Health Care | $29M | 1.3% | — | 2.5 yr |
| AALAmerican Airlines Group | $27M | 1.2% | +1.8% | 1.0 yr |
| SHWThe Sherwin-Williams Com | $25M | 1.1% | -7.4% | 8.3 yr |
| NTNXNutanix, Inc. | $24M | 1.1% | -45.6% | 4.0 yr |
| BXBlackstone Inc. | $22M | 1.0% | -14.9% | 5.3 yr |
| ECLEcolab Inc. | $22M | 1.0% | +6.0% | 7.0 yr |
| DKSDICK'S Sporting Goods, I | $21M | 1.0% | +0.1% | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management17.1%+3.9pp$385M
Unknown6.3%-4.6pp$142M
Software - Infrastructure5.8%-7.8pp$131M
Regulated Electric5.5%+5.5pp$125M
Banks - Regional5.4%+5.3pp$121M
Chemicals - Specialty3.6%-1.2pp$81M
Airlines, Airports & Air Services2.8%+2.7pp$63M
Communication Equipment2.7%$61M
Medical - Care Facilities2.7%-5.4pp$60M
Semiconductors2.5%+0.3pp$57M
Country
US83.0%+11.5pp
Unknown6.3%-4.6pp
CA4.5%+3.1pp
GB2.0%-2.1pp
LU1.2%-1.2pp
BR0.8%+0.5pp
IE0.6%-5.7pp
MX0.4%+0.2pp
Top 5: 18.1% · Top 10: 24.9% · Top 25: 38.8%
Top buys this quarter · 15
| AVGO Broadcom Inc. | +$25M |
| AAL American Airlines Group Inc. | +$20M |
| FIX Comfort Systems USA, Inc.new | +$19M |
| ROST Ross Stores, Inc. | +$17M |
| FPS Forgent Power Solutions, Inc.new | +$16M |
| ZION Zions Bancorporation, Nationalnew | +$15M |
| AA Alcoa Corporation | +$15M |
| SO The Southern Company | +$14M |
| MDLN Medline Inc. | +$13M |
| SOC Sable Offshore Corp. | +$11M |
Top sells this quarter · 15
| STLD Steel Dynamics, Inc. | −$77M |
| NUE Nucor Corporation | −$52M |
| MU Micron Technology, Inc.exit | −$47M |
| WMB The Williams Companies, Inc. | −$44M |
| MPC Marathon Petroleum Corporation | −$25M |
| LIN Linde plcexit | −$24M |
| FOUR Shift4 Payments, Inc. | −$24M |
| SQM Sociedad QuÃmica y Minera de exit | −$23M |
| CCJ Cameco Corporation | −$20M |
| VALE Vale S.A. | −$19M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.25B | 258 | +24.45% | +17.59% | +6.86% | -0.62B |
| 2025-12-31 | $2.84B | 186 | +18.13% | +17.72% | +0.41% | +1.42B |
| 2025-09-30 | $1.32B | 98 | +13.50% | +17.52% | -4.01% | +0.26B |
| 2025-06-30 | $1.05B | 81 | +28.59% | +14.94% | +13.65% | +0.05B |
| 2025-03-31 | $884M | 79 | +15.88% | +8.30% | +7.58% | -1.17B |
| 2024-12-31 | $2.14B | 109 | +32.90% | +24.89% | +8.01% | +1.52B |
| 2024-09-30 | $604M | 64 | +47.85% | +36.04% | +11.82% | -0.26B |
| 2024-06-30 | $758M | 60 | +26.01% | +24.49% | +1.51% | -0.38B |
| 2024-03-31 | $1.11B | 62 | +32.16% | +29.62% | +2.54% | +0.15B |
| 2023-12-31 | $876M | 58 | +29.56% | +26.18% | +3.38% | -0.05B |
| 2023-09-30 | $810M | 58 | +16.53% | +21.57% | -5.04% | +0.17B |
| 2023-06-30 | $656M | 59 | +21.01% | +19.42% | +1.58% | -0.03B |
| 2023-03-31 | $635M | 50 | -9.34% | -7.82% | -1.52% | -0.06B |
| 2022-12-31 | $644M | 46 | +3.02% | +7.56% | -4.54% | +0.22B |
| 2022-09-30 | $415M | 39 | +1.13% | -4.93% | +6.06% | -0.02B |
| 2022-06-30 | $430M | 40 | -19.31% | -16.11% | -3.20% | +0.05B |