Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.82%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.98%
baseline attrition
Rally response
-3.41%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $95M | 8.1% | — | 10.5 yr |
| STIPiShares 0-5 Year TIPS Bo | $87M | 7.4% | — | 8.5 yr |
| AVUSAvantis U.S. Equity ETF | $44M | 3.7% | — | 5.0 yr |
| BTTBlackrock Municipal 2030 | $32M | 2.7% | — | 10.5 yr |
| JMUBJPMorgan Municipal ETF | $30M | 2.5% | — | 1.0 yr |
| SGOViShares 0-3 Month Treasu | $29M | 2.5% | — | 4.3 yr |
| MTBASimplify MBS ETF | $25M | 2.2% | — | 2.0 yr |
| SCHPSchwab U.S. TIPS ETF | $25M | 2.1% | — | 8.5 yr |
| VGLTVanguard Long-Term Treas | $24M | 2.1% | — | 3.5 yr |
| IEMGiShares Core MSCI Emergi | $21M | 1.8% | — | 10.5 yr |
| SCHXSchwab U.S. Large-Cap ET | $19M | 1.6% | — | 10.5 yr |
| DFAUDimensional - US Core Eq | $18M | 1.5% | — | 5.5 yr |
| VTVVanguard Value ETF | $17M | 1.5% | — | 10.5 yr |
| VGITVanguard Intermediate-Te | $17M | 1.4% | — | 5.0 yr |
| SCHCSchwab International Sma | $17M | 1.4% | — | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management89.2%+3.7pp$1.05B
Asset Management - Bonds3.8%-1.3pp$45M
Consumer Electronics1.1%-0.3pp$13M
Asset Management - Income0.8%-0.3pp$9M
Insurance - Diversified0.7%-0.3pp$8M
Asset Management - Leveraged0.6%-0.2pp$7M
Insurance - Property & Casualty0.5%-0.5pp$6M
Software - Infrastructure0.3%+0.0pp$4M
Unknown0.3%+0.3pp$3M
Internet Content & Information0.3%+0.1pp$3M
Country
US97.0%-0.4pp
GB2.7%+0.2pp
Unknown0.3%+0.3pp
Top 5: 24.4% · Top 10: 35.0% · Top 25: 55.6%
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$16M |
| GOOG Alphabet Inc. | +$0M |
| RDDT Reddit, Inc. | +$0M |
| NVDA NVIDIA Corporation | +$0M |
| AMZN Amazon.com, Inc. | +$0M |
| AVGO Broadcom Inc. | +$0M |
| TSLA Tesla, Inc. | +$1M |
| META Meta Platforms, Inc. | +$1M |
| XOM Exxon Mobil Corporation | +$0M |
| T AT&T Inc. | +$0M |
Top sells this quarter · 15
| AAPL Apple Inc. | −$1M |
| GS The Goldman Sachs Group, Inc. | −$1M |
| SYK Stryker Corporationexit | −$0M |
| KO The Coca-Cola Companyexit | −$0M |
| CAT Caterpillar Inc. | −$0M |
| AMP Ameriprise Financial, Inc.exit | −$0M |
| CVX Chevron Corporation | −$0M |
| COF Capital One Financial Corporatexit | −$0M |
| LLY Eli Lilly and Company | −$0M |
| CSCO Cisco Systems, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.18B | 241 | +12.58% | +17.59% | -5.02% | +0.12B |
| 2025-12-31 | $1.11B | 232 | +15.14% | +17.72% | -2.58% | +0.00B |
| 2025-09-30 | $1.10B | 1528 | +16.79% | +17.52% | -0.73% | -0.04B |
| 2025-06-30 | $1.03B | 1277 | +14.88% | +14.94% | -0.06% | +0.02B |
| 2025-03-31 | $944M | 810 | +12.83% | +8.30% | +4.53% | +0.04B |
| 2024-12-31 | $932M | 856 | +23.21% | +24.89% | -1.68% | -0.03B |
| 2024-09-30 | $941M | 863 | +34.51% | +36.04% | -1.52% | +0.01B |
| 2024-06-30 | $861M | 868 | +17.82% | +24.49% | -6.67% | +0.01B |
| 2024-03-31 | $810M | 858 | +22.51% | +29.62% | -7.12% | +0.04B |
| 2023-12-31 | $727M | 805 | +24.07% | +26.18% | -2.11% | -0.02B |
| 2023-09-30 | $669M | 798 | +14.76% | +21.57% | -6.81% | +0.03B |
| 2023-06-30 | $671M | 769 | +23.59% | +19.42% | +4.16% | -0.01B |
| 2023-03-31 | $626M | 773 | -6.98% | -7.82% | +0.84% | +0.01B |
| 2022-12-31 | $569M | 764 | -17.55% | -18.17% | +0.63% | +0.04B |
| 2022-09-30 | $513M | 733 | -11.16% | -15.51% | +4.35% | -0.01B |
| 2022-06-30 | $509M | 714 | -12.67% | -10.62% | -2.05% | +0.07B |