Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.86%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.66%
baseline attrition
Rally response
-2.51%
trims into rallies
when a holding rises +10%+
Top positions · 25
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GMGeneral Motors Company | $46M | 7.2% | +60.0% | 10.5 yr |
| VZVerizon Communications I | $46M | 7.2% | +16.5% | 0.5 yr |
| JPMJPMorgan Chase & Co. | $44M | 6.9% | +21.8% | 10.5 yr |
| MSFTMicrosoft Corporation | $41M | 6.5% | -0.6% | 7.5 yr |
| WFCWells Fargo & Company | $41M | 6.4% | +13.3% | 6.8 yr |
| ALLThe Allstate Corporation | $39M | 6.1% | +2.1% | 10.5 yr |
| SWKStanley Black & Decker, | $38M | 5.9% | -3.1% | 1.0 yr |
| ZBHZimmer Biomet Holdings, | $36M | 5.7% | -19.5% | 0.5 yr |
| QCOMQUALCOMM Incorporated | $36M | 5.7% | -14.2% | 3.3 yr |
| CAGConagra Brands, Inc. | $35M | 5.5% | -36.6% | 0.5 yr |
| MPTMedical Properties Trust | $34M | 5.3% | -17.5% | 6.0 yr |
| PFEPfizer Inc. | $33M | 5.2% | +18.8% | 2.8 yr |
| CICigna Corporation | $32M | 5.1% | -17.2% | 4.8 yr |
| PDMPiedmont Office Realty T | $32M | 5.0% | -10.9% | 4.0 yr |
| VICIVICI Properties Inc. | $30M | 4.7% | -11.1% | 4.0 yr |
Portfolio composition (YoY)
Industry mix
Banks - Diversified13.3%-2.6pp$85M
Auto - Manufacturers7.2%+1.0pp$46M
Telecommunications Services7.2%$46M
Software - Infrastructure6.5%-1.9pp$41M
Insurance - Property & Casualty6.1%-1.1pp$39M
Manufacturing - Tools & Accessories5.9%$38M
Semiconductors5.8%+5.7pp$37M
Medical - Devices5.7%$36M
Packaged Foods5.5%$35M
REIT - Healthcare Facilities5.3%-0.3pp$34M
Country
US100.0%+0.0pp
Top 5: 34.1% · Top 10: 63.0% · Top 25: 100.0%
Top buys this quarter · 14
| QCOM QUALCOMM Incorporated | +$36M |
| MPT Medical Properties Trust, Inc. | +$7M |
| MHK Mohawk Industries, Inc. | +$6M |
| PDM Piedmont Office Realty Trust, | +$32M |
| ZBH Zimmer Biomet Holdings, Inc. | +$4M |
| JPM JPMorgan Chase & Co. | +$44M |
| CI Cigna Corporation | +$3M |
| TAP Molson Coors Beverage Company | +$2M |
| VICI VICI Properties Inc. | +$2M |
| ALL The Allstate Corporation | +$2M |
Top sells this quarter · 10
| FDX FedEx Corporationexit | −$44M |
| WFC Wells Fargo & Company | −$3M |
| GM General Motors Company | −$1M |
| VLO Valero Energy Corporationexit | −$0M |
| PFE Pfizer Inc. | −$30M |
| SAIC Science Applications Internatiexit | −$0M |
| V Visa Inc.exit | −$0M |
| WLDN Willdan Group, Inc.exit | −$0M |
| NVDA NVIDIA Corporation | −$0M |
| MSFT Microsoft Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $638M | 25 | +7.84% | +17.59% | -9.75% | +0.02B |
| 2025-12-31 | $644M | 29 | +14.98% | +17.72% | -2.74% | +0.09B |
| 2025-09-30 | $545M | 28 | +15.21% | +17.52% | -2.30% | -0.05B |
| 2025-06-30 | $543M | 24 | +17.28% | +14.94% | +2.34% | +0.03B |
| 2025-03-31 | $499M | 24 | +10.96% | +8.30% | +2.65% | -0.05B |
| 2024-12-31 | $539M | 23 | +23.97% | +24.89% | -0.92% | -0.01B |
| 2024-09-30 | $545M | 22 | +36.88% | +36.04% | +0.84% | +0.02B |
| 2024-06-30 | $476M | 20 | +17.05% | +24.49% | -7.44% | +0.00B |
| 2024-03-31 | $491M | 23 | +26.68% | +29.62% | -2.95% | -0.07B |
| 2023-12-31 | $490M | 24 | +13.33% | +26.18% | -12.85% | -0.00B |
| 2023-09-30 | $441M | 25 | +13.02% | +21.57% | -8.55% | +0.01B |
| 2023-06-30 | $452M | 25 | +8.29% | +19.42% | -11.13% | -0.01B |
| 2023-03-31 | $442M | 27 | -7.16% | -7.82% | +0.66% | +0.01B |
| 2022-12-31 | $420M | 25 | +11.61% | +7.56% | +4.05% | -0.00B |
| 2022-09-30 | $380M | 24 | -8.91% | -4.93% | -3.98% | +0.01B |
| 2022-06-30 | $403M | 24 | -10.40% | -16.11% | +5.71% | +0.01B |