Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.02%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.04%
steady accumulation
Rally response
+3.58%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $99M | 3.1% | +14.7% | 10.5 yr |
| SPLGSPDR Portfolio S&P 500 E | $65M | 2.1% | — | 5.8 yr |
| NVDANVIDIA Corporation | $56M | 1.8% | +60.9% | 9.0 yr |
| MSFTMicrosoft Corporation | $49M | 1.5% | -0.6% | 10.5 yr |
| FBNDFidelity Total Bond ETF | $44M | 1.4% | — | 5.8 yr |
| DFUSDimensional - US Equity | $41M | 1.3% | — | 4.8 yr |
| GSLCGoldman Sachs ActiveBeta | $41M | 1.3% | — | 3.8 yr |
| AMZNAmazon.com, Inc. | $37M | 1.2% | +9.5% | 10.5 yr |
| QQQInvesco QQQ Trust, Serie | $36M | 1.1% | — | 8.0 yr |
| FNDFSchwab Fundamental Inter | $35M | 1.1% | — | 4.8 yr |
| SCHMSchwab U.S. Mid-Cap ETF | $35M | 1.1% | — | 7.3 yr |
| GOOGLAlphabet Inc. | $34M | 1.1% | — | 10.5 yr |
| SCHXSchwab U.S. Large-Cap ET | $33M | 1.0% | — | 8.3 yr |
| IVViShares Core S&P 500 ETF | $32M | 1.0% | — | 9.3 yr |
| IEFAiShares Core MSCI EAFE E | $32M | 1.0% | — | 8.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management48.8%-0.3pp$1.54B
Asset Management - Bonds7.5%-1.1pp$238M
Asset Management - Income4.3%-1.0pp$135M
Semiconductors3.9%+1.2pp$123M
Consumer Electronics3.1%-0.2pp$99M
Internet Content & Information2.5%+0.7pp$78M
Software - Infrastructure2.3%-0.2pp$72M
Drug Manufacturers - General2.0%-0.0pp$63M
Specialty Retail1.4%+0.0pp$45M
Banks - Diversified1.4%+0.3pp$43M
Country
US97.7%-0.2pp
Unknown0.4%+0.2pp
CA0.3%+0.2pp
IE0.3%-0.2pp
NL0.3%+0.1pp
TW0.2%+0.1pp
GB0.2%-0.1pp
CH0.2%-0.0pp
Top 5: 9.9% · Top 10: 15.9% · Top 25: 30.6%
Top buys this quarter · 15
| DUK Duke Energy Corporation | +$3M |
| PNC The PNC Financial Services Gro | +$3M |
| EMR Emerson Electric Co. | +$3M |
| SATS EchoStar Corporationnew | +$2M |
| NVDA NVIDIA Corporation | +$56M |
| CNQ Canadian Natural Resources Lim | +$2M |
| UPS United Parcel Service, Inc. | +$2M |
| WMS Advanced Drainage Systems, Incnew | +$2M |
| AZN AstraZeneca PLCnew | +$2M |
| ANET Arista Networks, Inc. | +$2M |
Top sells this quarter · 15
| KEYS Keysight Technologies, Inc. | −$15M |
| LLY Eli Lilly and Company | −$5M |
| PAYX Paychex, Inc. | −$3M |
| FIX Comfort Systems USA, Inc. | −$3M |
| ROP Roper Technologies, Inc. | −$3M |
| SPGI S&P Global Inc. | −$2M |
| WTW Willis Towers Watson Public Liexit | −$2M |
| MSFT Microsoft Corporation | −$2M |
| NVO Novo Nordisk A/S | −$1M |
| AXON Axon Enterprise, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.16B | 951 | +17.96% | +17.59% | +0.37% | +0.13B |
| 2025-12-31 | $3.10B | 923 | +17.21% | +17.72% | -0.51% | -0.38B |
| 2025-09-30 | $3.43B | 924 | +18.07% | +17.52% | +0.55% | -0.06B |
| 2025-06-30 | $3.22B | 889 | +17.12% | +14.94% | +2.17% | -0.10B |
| 2025-03-31 | $3.02B | 837 | +9.27% | +8.30% | +0.96% | +0.79B |
| 2024-12-31 | $2.30B | 639 | +19.94% | +24.89% | -4.95% | -1.09B |
| 2024-09-30 | $3.32B | 918 | +30.59% | +36.04% | -5.45% | -0.07B |
| 2024-06-30 | $3.16B | 938 | +16.51% | +24.49% | -7.99% | +0.13B |
| 2024-03-31 | $2.95B | 927 | +21.98% | +29.62% | -7.64% | +0.11B |
| 2023-12-31 | $2.67B | 888 | +23.96% | +26.18% | -2.21% | +0.32B |
| 2023-09-30 | $2.11B | 837 | +15.51% | +21.57% | -6.06% | +0.27B |
| 2023-06-30 | $1.92B | 795 | +15.55% | +19.42% | -3.87% | +0.09B |
| 2023-03-31 | $1.70B | 747 | -8.39% | -7.82% | -0.57% | +0.13B |
| 2022-12-31 | $1.46B | 714 | -19.13% | -18.17% | -0.96% | +0.10B |
| 2022-09-30 | $1.31B | 675 | -13.53% | -15.51% | +1.98% | +0.06B |
| 2022-06-30 | $1.30B | 694 | -9.17% | -10.62% | +1.45% | +0.08B |