Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.04%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.83%
steady accumulation
Rally response
-5.32%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VUGVanguard Growth ETF | $72M | 7.8% | — | 7.8 yr |
| VTVVanguard Value ETF | $54M | 5.8% | — | 6.5 yr |
| MOATVanEck Morningstar Wide | $46M | 5.0% | — | 6.8 yr |
| DFACDimensional - US Core Eq | $43M | 4.6% | — | 5.0 yr |
| VEAVanguard FTSE Developed | $40M | 4.4% | — | 10.5 yr |
| BNDVanguard Total Bond Mark | $35M | 3.8% | — | 7.0 yr |
| DFAXDimensional - World ex U | $35M | 3.7% | — | 4.8 yr |
| IVWiShares S&P 500 Growth E | $27M | 2.9% | — | 10.5 yr |
| QUALiShares MSCI USA Quality | $22M | 2.4% | — | 3.3 yr |
| IVEiShares S&P 500 Value ET | $22M | 2.4% | — | 10.5 yr |
| AAPLApple Inc. | $21M | 2.3% | +14.7% | 9.5 yr |
| CGXUCapital Group Internatio | $18M | 1.9% | — | 4.0 yr |
| VIGVanguard Dividend Apprec | $17M | 1.9% | — | 10.5 yr |
| FNDXSchwab Fundamental U.S. | $17M | 1.9% | — | 10.0 yr |
| BRK-BBerkshire Hathaway Inc. | $17M | 1.8% | — | 9.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management80.3%+1.5pp$742M
Asset Management - Bonds5.4%-0.1pp$50M
Consumer Electronics2.3%-0.2pp$21M
Insurance - Diversified1.8%-0.8pp$17M
Asset Management - Leveraged1.2%+0.7pp$11M
Asset Management - Income1.2%-0.1pp$11M
Banks - Diversified0.6%+0.0pp$5M
Software - Infrastructure0.5%-0.1pp$5M
Semiconductors0.5%+0.1pp$5M
Drug Manufacturers - General0.4%+0.0pp$4M
Country
US99.1%-0.2pp
BM0.3%-0.0pp
Unknown0.1%+0.1pp
IE0.1%+0.0pp
FR0.1%+0.0pp
SG0.1%+0.1pp
TW0.1%+0.0pp
JP0.0%-0.0pp
Top 5: 27.7% · Top 10: 42.9% · Top 25: 64.5%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| AAPL | $18M | +0.00B | 14.7% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| GEV GE Vernova Inc.new | +$0M |
| DRI Darden Restaurants, Inc. | +$0M |
| AMZN Amazon.com, Inc. | +$3M |
| AVGO Broadcom Inc. | +$1M |
| NVDA NVIDIA Corporation | +$2M |
| COST Costco Wholesale Corporation | +$0M |
| NEE NextEra Energy, Inc. | +$0M |
| ACN Accenture plc | +$0M |
| GOOG Alphabet Inc. | +$1M |
| WM Waste Management, Inc. | +$0M |
Top sells this quarter · 15
| ALLY Ally Financial Inc.exit | −$0M |
| PG The Procter & Gamble Companyexit | −$0M |
| EA Electronic Arts Inc.exit | −$0M |
| ABT Abbott Laboratoriesexit | −$0M |
| AAPL Apple Inc. | −$0M |
| NOW ServiceNow, Inc.exit | −$0M |
| SPY State Street SPDR S&P 500 ETF | −$0M |
| DOW Dow Inc. | −$0M |
| RTX RTX Corporation | −$0M |
| MMM 3M Company | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $924M | 285 | +17.04% | +17.59% | -0.55% | +0.02B |
| 2025-12-31 | $914M | 280 | +13.61% | +17.72% | -4.10% | +0.01B |
| 2025-09-30 | $878M | 288 | +13.45% | +17.52% | -4.07% | -0.00B |
| 2025-06-30 | $806M | 273 | +11.98% | +14.94% | -2.96% | +0.03B |
| 2025-03-31 | $736M | 266 | +11.61% | +8.30% | +3.30% | +0.03B |
| 2024-12-31 | $738M | 262 | +22.52% | +24.89% | -2.37% | -0.01B |
| 2024-09-30 | $731M | 253 | +32.86% | +36.04% | -3.18% | -0.06B |
| 2024-06-30 | $730M | 261 | +15.70% | +24.49% | -8.80% | -0.04B |
| 2024-03-31 | $733M | 259 | +18.99% | +29.62% | -10.64% | +0.02B |
| 2023-12-31 | $676M | 239 | +18.54% | +26.18% | -7.63% | +0.01B |
| 2023-09-30 | $602M | 241 | +14.47% | +21.57% | -7.09% | +0.02B |
| 2023-06-30 | $618M | 237 | +16.91% | +19.42% | -2.51% | +0.01B |
| 2023-03-31 | $564M | 234 | -6.23% | -7.82% | +1.59% | +0.02B |
| 2022-12-31 | $520M | 224 | -14.97% | -18.17% | +3.20% | +0.01B |
| 2022-09-30 | $474M | 213 | -12.17% | -15.51% | +3.34% | +0.02B |
| 2022-06-30 | $470M | 207 | -8.03% | -10.62% | +2.59% | +0.01B |