Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.40%
adds when stocks drop
when a holding falls −10%+
Middle response
+6.49%
steady accumulation
Rally response
-3.22%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SCHFSchwab International Equ | $384M | 5.3% | — | 6.0 yr |
| BNDVanguard Total Bond Mark | $312M | 4.3% | — | 6.3 yr |
| SPLGSPDR Portfolio S&P 500 E | $305M | 4.2% | — | 1.8 yr |
| AAPLApple Inc. | $194M | 2.7% | +14.7% | 10.3 yr |
| MBBiShares MBS ETF | $192M | 2.7% | — | 6.0 yr |
| BILState Street SPDR Bloomb | $183M | 2.5% | — | 4.3 yr |
| MSFTMicrosoft Corporation | $161M | 2.2% | -0.6% | 9.5 yr |
| EFViShares MSCI EAFE Value | $154M | 2.1% | — | 3.8 yr |
| IVViShares Core S&P 500 ETF | $141M | 1.9% | — | 10.5 yr |
| QQQInvesco QQQ Trust, Serie | $130M | 1.8% | — | 8.0 yr |
| GBILGoldman Sachs Access Tre | $115M | 1.6% | — | 7.5 yr |
| IGSBiShares 1-5 Year Investm | $109M | 1.5% | — | 10.0 yr |
| QLTAiShares Aaa - A Rated Co | $108M | 1.5% | — | 3.5 yr |
| QQQMInvesco NASDAQ 100 ETF | $104M | 1.4% | — | 1.0 yr |
| NVDANVIDIA Corporation | $99M | 1.4% | +60.9% | 8.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management59.9%+2.1pp$4.32B
Asset Management - Bonds10.9%-2.8pp$789M
Consumer Electronics2.7%-0.5pp$195M
Software - Infrastructure2.6%-0.7pp$187M
Internet Content & Information2.4%+0.5pp$170M
Semiconductors2.3%+0.7pp$169M
Unknown2.1%+1.7pp$151M
Specialty Retail1.4%+0.2pp$105M
Drug Manufacturers - General1.4%+0.0pp$100M
Banks - Diversified0.9%+0.0pp$65M
Country
US96.8%-1.6pp
Unknown2.1%+1.7pp
IE0.4%-0.1pp
GB0.2%-0.1pp
CA0.1%+0.0pp
CH0.1%+0.0pp
TW0.0%+0.0pp
CN0.0%-0.0pp
Top 5: 19.2% · Top 10: 29.9% · Top 25: 49.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| GOOG | $44M | +0.04B | 84.3% |
| NVDA | $52M | +0.03B | 60.9% |
| AAPL | $156M | +0.02B | 14.7% |
| AMZN | $58M | +0.01B | 9.5% |
| MSFT | $139M | -0.00B | -0.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $139M | -0.00B | -0.6% |
Top buys this quarter · 15
| AMZN Amazon.com, Inc. | +$95M |
| MSFT Microsoft Corporation | +$161M |
| DIS The Walt Disney Company | +$4M |
| NVDA NVIDIA Corporation | +$99M |
| NFLX Netflix, Inc. | +$3M |
| AAPL Apple Inc. | +$194M |
| META Meta Platforms, Inc. | +$37M |
| RDNT RadNet, Inc. | +$2M |
| APO Apollo Global Management, Inc. | +$2M |
| COIN Coinbase Global, Inc. | +$2M |
Top sells this quarter · 15
| EME EMCOR Group, Inc. | −$25M |
| VZ Verizon Communications Inc. | −$6M |
| KO The Coca-Cola Company | −$5M |
| SNA Snap-on Incorporated | −$5M |
| CVX Chevron Corporation | −$14M |
| SPY State Street SPDR S&P 500 ETF | −$4M |
| GOOG Alphabet Inc. | −$3M |
| MRVL Marvell Technology, Inc. | −$2M |
| MDT Medtronic plc | −$1M |
| HOOD Robinhood Markets, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $7.22B | 881 | +18.13% | +17.59% | +0.54% | +0.58B |
| 2025-12-31 | $6.91B | 856 | +15.32% | +17.72% | -2.40% | +0.11B |
| 2025-09-30 | $6.62B | 816 | +16.19% | +17.52% | -1.33% | +0.24B |
| 2025-06-30 | $5.90B | 714 | +12.44% | +14.94% | -2.50% | +0.42B |
| 2025-03-31 | $4.94B | 644 | +5.33% | +8.30% | -2.98% | +0.37B |
| 2024-12-31 | $4.89B | 628 | +20.26% | +24.89% | -4.63% | +0.46B |
| 2024-09-30 | $4.28B | 525 | +32.02% | +36.04% | -4.02% | -0.00B |
| 2024-06-30 | $4.09B | 502 | +19.72% | +24.49% | -4.77% | -0.02B |
| 2024-03-31 | $3.96B | 505 | +28.43% | +29.62% | -1.19% | +0.07B |
| 2023-12-31 | $3.64B | 486 | +33.93% | +26.18% | +7.76% | -0.03B |
| 2023-09-30 | $3.23B | 481 | +21.97% | +21.57% | +0.40% | +0.12B |
| 2023-06-30 | $3.28B | 501 | +21.50% | +19.42% | +2.08% | -0.15B |
| 2023-03-31 | $3.07B | 509 | -9.41% | -7.82% | -1.60% | -0.18B |
| 2022-12-31 | $2.91B | 507 | -22.54% | -18.17% | -4.37% | +0.70B |
| 2022-09-30 | $2.14B | 436 | -16.82% | -15.51% | -1.31% | +0.13B |
| 2022-06-30 | $2.13B | 437 | -11.52% | -10.62% | -0.90% | +0.18B |