Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.47%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.71%
baseline attrition
Rally response
-9.60%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SCHOSchwab Short-Term U.S. T | $30M | 11.1% | — | 4.3 yr |
| VGSHVanguard Short-Term Trea | $14M | 5.3% | — | 1.8 yr |
| AAPLApple Inc. | $10M | 3.8% | +14.7% | 8.5 yr |
| METAMeta Platforms, Inc. | $10M | 3.7% | -0.4% | 8.5 yr |
| NVDANVIDIA Corporation | $9M | 3.5% | +60.9% | 4.5 yr |
| TSMTaiwan Semiconductor Man | $9M | 3.3% | +105.6% | 3.8 yr |
| GOOGLAlphabet Inc. | $9M | 3.3% | — | 8.5 yr |
| MSFTMicrosoft Corporation | $8M | 2.9% | -0.6% | 8.5 yr |
| AMZNAmazon.com, Inc. | $7M | 2.7% | +9.5% | 8.5 yr |
| HROWHarrow Health, Inc. | $6M | 2.2% | +32.6% | 0.8 yr |
| LLYEli Lilly and Company | $6M | 2.2% | +12.2% | 8.5 yr |
| FMBFirst Trust Managed Muni | $6M | 2.1% | — | 8.3 yr |
| NFLXNetflix, Inc. | $5M | 2.0% | +3.1% | 3.8 yr |
| JAAAJanus Henderson AAA CLO | $5M | 1.8% | — | 2.0 yr |
| FIXComfort Systems USA, Inc | $5M | 1.7% | +329.0% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management - Leveraged16.4%+11.1pp$45M
Asset Management15.0%-4.8pp$41M
Semiconductors9.5%+3.4pp$26M
Internet Content & Information7.1%-0.8pp$19M
Consumer Electronics3.8%-0.6pp$10M
Software - Infrastructure3.4%+0.1pp$9M
Specialty Retail3.4%-0.3pp$9M
Drug Manufacturers - General3.3%-2.4pp$9M
Engineering & Construction2.8%+2.2pp$8M
Medical - Devices2.4%+0.5pp$6M
Country
US93.5%-1.8pp
TW3.3%+1.3pp
NL1.1%-0.0pp
Unknown0.7%-0.7pp
IE0.7%
CA0.4%
GB0.2%
BR0.1%+0.1pp
Top 5: 27.3% · Top 10: 41.6% · Top 25: 62.9%
Top buys this quarter · 15
| SYK Stryker Corporation | +$2M |
| APH Amphenol Corporationnew | +$2M |
| HROW Harrow Health, Inc. | +$6M |
| ACN Accenture plcnew | +$1M |
| SLDE Slide Insurance Holdings, Inc. | +$1M |
| AVGO Broadcom Inc. | +$1M |
| MSFT Microsoft Corporation | +$8M |
| ROP Roper Technologies, Inc.new | +$1M |
| LYB LyondellBasell Industries N.V.new | +$1M |
| COIN Coinbase Global, Inc. | +$1M |
Top sells this quarter · 15
| UBER Uber Technologies, Inc.exit | −$2M |
| MIR Mirion Technologies, Inc.exit | −$2M |
| EME EMCOR Group, Inc.exit | −$2M |
| CRM Salesforce, Inc.exit | −$2M |
| VAL Valaris Limitedexit | −$2M |
| ASML ASML Holding N.V. | −$1M |
| GPC Genuine Parts Companyexit | −$1M |
| EIX Edison International | −$1M |
| NOC Northrop Grumman Corporation | −$1M |
| ADP Automatic Data Processing, Incexit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $273M | 141 | +19.09% | +17.59% | +1.50% | +0.01B |
| 2025-12-31 | $266M | 149 | +18.19% | +17.72% | +0.47% | +0.01B |
| 2025-09-30 | $257M | 152 | +19.18% | +17.52% | +1.66% | +0.02B |
| 2025-06-30 | $217M | 128 | +20.12% | +14.94% | +5.18% | +0.00B |
| 2025-03-31 | $194M | 127 | +11.74% | +8.30% | +3.44% | +0.01B |
| 2024-12-31 | $193M | 123 | +23.93% | +24.89% | -0.96% | +0.00B |
| 2024-09-30 | $187M | 129 | +35.47% | +36.04% | -0.57% | +0.00B |
| 2024-06-30 | $166M | 105 | +19.38% | +24.49% | -5.11% | +0.00B |
| 2024-03-31 | $160M | 100 | +25.93% | +29.62% | -3.69% | +0.00B |
| 2023-12-31 | $148M | 88 | +23.43% | +26.18% | -2.75% | -0.01B |
| 2023-09-30 | $137M | 87 | +19.21% | +21.57% | -2.36% | -0.00B |
| 2023-06-30 | $144M | 85 | +15.01% | +19.42% | -4.42% | -0.00B |
| 2023-03-31 | $137M | 82 | -8.20% | -7.82% | -0.38% | +0.00B |
| 2022-12-31 | $128M | 78 | +7.91% | +7.56% | +0.35% | -0.00B |
| 2022-09-30 | $121M | 65 | -6.18% | -4.93% | -1.26% | +0.00B |
| 2022-06-30 | $128M | 70 | -14.20% | -16.11% | +1.91% | +0.00B |