Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.91%
trims when stocks drop
when a holding falls −10%+
Middle response
+4.56%
steady accumulation
Rally response
-3.42%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $117M | 8.0% | +14.7% | 8.3 yr |
| SPYState Street SPDR S&P 50 | $102M | 7.0% | +17.6% | 10.3 yr |
| VEUVanguard FTSE All-World | $74M | 5.1% | — | 9.0 yr |
| NHCNational HealthCare Corp | $74M | 5.0% | +75.5% | 1.0 yr |
| IVViShares Core S&P 500 ETF | $65M | 4.4% | — | 8.5 yr |
| NHINational Health Investor | $43M | 2.9% | +13.6% | 1.3 yr |
| DFUVDimensional - US Marketw | $39M | 2.6% | — | 4.0 yr |
| DFIVDimensional - Internatio | $31M | 2.1% | — | 2.0 yr |
| QQQInvesco QQQ Trust, Serie | $28M | 1.9% | — | 6.8 yr |
| DFASDimensional - US Small C | $27M | 1.8% | — | 4.0 yr |
| NVDANVIDIA Corporation | $25M | 1.7% | +60.9% | 8.0 yr |
| JPMJPMorgan Chase & Co. | $23M | 1.5% | +21.8% | 10.0 yr |
| AMZNAmazon.com, Inc. | $22M | 1.5% | +9.5% | 6.3 yr |
| MSFTMicrosoft Corporation | $21M | 1.4% | -0.6% | 9.8 yr |
| GOOGLAlphabet Inc. | $19M | 1.3% | — | 7.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management49.4%-16.3pp$728M
Consumer Electronics8.0%$117M
Medical - Care Facilities5.0%$74M
Asset Management - Bonds3.2%-5.1pp$47M
REIT - Healthcare Facilities2.9%$43M
Internet Content & Information2.9%-0.3pp$42M
Semiconductors2.5%-0.2pp$37M
Banks - Diversified2.3%+1.2pp$33M
Software - Infrastructure1.8%-0.9pp$27M
Drug Manufacturers - General1.7%-0.1pp$25M
Country
US98.6%-1.3pp
Unknown0.9%
GB0.2%
CA0.2%
IE0.1%
IL0.0%
JP0.0%-0.0pp
Top 5: 29.4% · Top 10: 40.9% · Top 25: 58.7%
Top buys this quarter · 15
| HON Honeywell International Inc. | +$3M |
| ANET Arista Networks, Inc.new | +$2M |
| TSLA Tesla, Inc. | +$17M |
| IBM International Business Machine | +$6M |
| GE GE Aerospace | +$1M |
| NOW ServiceNow, Inc. | +$1M |
| UNH UnitedHealth Group Incorporate | +$1M |
| ORCL Oracle Corporation | +$1M |
| NEE NextEra Energy, Inc. | +$1M |
| MS Morgan Stanley | +$1M |
Top sells this quarter · 15
| PNFP Pinnacle Financial Partners, Iexit | −$5M |
| SPY State Street SPDR S&P 500 ETF | −$4M |
| AAPL Apple Inc. | −$3M |
| QCOM QUALCOMM Incorporatedexit | −$2M |
| WMT Walmart Inc. | −$2M |
| MRK Merck & Co., Inc. | −$2M |
| PLD Prologis, Inc.exit | −$1M |
| BAC Bank of America Corporation | −$1M |
| CLX The Clorox Companyexit | −$1M |
| DIS The Walt Disney Company | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.47B | 285 | +33.21% | +17.59% | +15.62% | +0.09B |
| 2025-12-31 | $1.39B | 293 | +28.92% | +17.72% | +11.21% | +0.87B |
| 2025-09-30 | $473M | 87 | +26.21% | +17.52% | +8.69% | -0.16B |
| 2025-06-30 | $583M | 156 | +22.33% | +14.94% | +7.39% | -0.09B |
| 2025-03-31 | $601M | 140 | +9.10% | +8.30% | +0.80% | +0.01B |
| 2024-12-31 | $620M | 133 | +17.51% | +24.89% | -7.38% | +0.19B |
| 2024-09-30 | $398M | 91 | +10.21% | +36.04% | -25.83% | -0.41B |
| 2024-06-30 | $768M | 308 | +37.40% | +24.49% | +12.91% | +0.17B |
| 2024-03-31 | $595M | 128 | +52.47% | +29.62% | +22.84% | -0.32B |
| 2023-12-31 | $885M | 180 | +55.86% | +26.18% | +29.68% | +0.12B |
| 2023-09-30 | $758M | 196 | +63.59% | +21.57% | +42.02% | +0.23B |
| 2023-06-30 | $404M | 179 | +10.19% | +19.42% | -9.23% | -0.49B |
| 2023-03-31 | $809M | 404 | -19.63% | -7.82% | -11.81% | -0.19B |
| 2022-12-31 | $949M | 451 | -19.03% | -18.17% | -0.86% | -0.01B |
| 2022-09-30 | $905M | 433 | -17.28% | -17.57% | +0.28% | +0.03B |
| 2022-06-30 | $988M | 438 | -0.65% | -7.79% | +7.14% | -0.08B |