Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.47%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.27%
steady accumulation
Rally response
-10.95%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $47M | 8.1% | +17.6% | 10.5 yr |
| NVDANVIDIA Corporation | $35M | 5.9% | +60.9% | 9.0 yr |
| AMZNAmazon.com, Inc. | $21M | 3.7% | +9.5% | 10.5 yr |
| AAPLApple Inc. | $18M | 3.1% | +14.7% | 10.3 yr |
| GOOGLAlphabet Inc. | $17M | 2.9% | — | 10.3 yr |
| MUSAMurphy USA Inc. | $16M | 2.8% | +5.8% | 0.8 yr |
| SHViShares 0â1 Year Treas | $14M | 2.5% | — | 6.5 yr |
| PGRThe Progressive Corporat | $14M | 2.5% | -25.5% | 0.8 yr |
| RSPInvesco S&P 500 Equal We | $14M | 2.4% | — | 4.8 yr |
| MSFTMicrosoft Corporation | $14M | 2.4% | -0.6% | 10.0 yr |
| ORLYO'Reilly Automotive, Inc | $11M | 2.0% | -3.4% | 1.0 yr |
| QQQInvesco QQQ Trust, Serie | $11M | 1.9% | — | 7.3 yr |
| METAMeta Platforms, Inc. | $8M | 1.5% | -0.4% | 10.5 yr |
| — | $8M | 1.4% | — | 0.3 yr |
| TLTiShares 20+ Year Treasur | $8M | 1.4% | — | 8.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management27.7%+6.5pp$161M
Semiconductors10.7%+1.7pp$62M
Specialty Retail8.8%+4.8pp$51M
Asset Management - Bonds6.5%+1.7pp$38M
Internet Content & Information4.8%+0.3pp$28M
Software - Infrastructure3.6%+0.5pp$21M
Consumer Electronics3.1%-0.7pp$18M
Insurance - Property & Casualty2.7%$16M
Aerospace & Defense2.5%+1.4pp$14M
Unknown2.0%+1.9pp$12M
Country
US93.1%+7.2pp
Unknown2.0%+1.9pp
CA1.6%-3.7pp
NL1.1%+0.3pp
TW0.4%+0.2pp
BR0.4%-1.2pp
JP0.4%-0.6pp
CN0.3%-0.2pp
Top 5: 23.8% · Top 10: 36.3% · Top 25: 56.1%
Top buys this quarter · 15
| MU Micron Technology, Inc. | +$5M |
| SPY State Street SPDR S&P 500 ETF | +$3M |
| WHR Whirlpool Corporation | +$3M |
| IESC IES Holdings, Inc.new | +$2M |
| ORLY O'Reilly Automotive, Inc. | +$2M |
| TPL Texas Pacific Land Corporation | +$2M |
| MRK Merck & Co., Inc. | +$2M |
| JBL Jabil Inc.new | +$2M |
| COST Costco Wholesale Corporation | +$2M |
| EQT EQT Corporationnew | +$2M |
Top sells this quarter · 15
| STX Seagate Technology Holdings pl | −$65M |
| GLW Corning Incorporated | −$12M |
| CVX Chevron Corporation | −$7M |
| PBR Petróleo Brasileiro S.A. - Peexit | −$4M |
| MGA Magna International Inc. | −$3M |
| CX CEMEX, S.A.B. de C.V. | −$2M |
| KLAC KLA Corporationexit | −$2M |
| MSFT Microsoft Corporation | −$2M |
| BWA BorgWarner Inc.exit | −$2M |
| APH Amphenol Corporationexit | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $582M | 242 | +43.20% | +17.59% | +25.61% | -0.04B |
| 2025-12-31 | $570M | 222 | +22.13% | +17.72% | +4.41% | -0.02B |
| 2025-09-30 | $561M | 212 | +21.57% | +17.52% | +4.06% | +0.00B |
| 2025-06-30 | $512M | 177 | +17.14% | +14.94% | +2.20% | +0.00B |
| 2025-03-31 | $442M | 169 | +0.65% | +8.30% | -7.66% | +0.03B |
| 2024-12-31 | $439M | 174 | +14.49% | +24.89% | -10.40% | -0.04B |
| 2024-09-30 | $459M | 175 | +24.03% | +36.04% | -12.00% | -0.02B |
| 2024-06-30 | $458M | 176 | +8.87% | +24.49% | -15.62% | +0.00B |
| 2024-03-31 | $459M | 169 | +26.27% | +29.62% | -3.36% | -0.07B |
| 2023-12-31 | $500M | 194 | +41.11% | +26.18% | +14.93% | -0.01B |
| 2023-09-30 | $454M | 155 | +27.19% | +21.57% | +5.63% | +0.03B |
| 2023-06-30 | $458M | 170 | +26.56% | +19.42% | +7.14% | -0.05B |
| 2023-03-31 | $438M | 164 | -11.54% | -7.82% | -3.72% | +0.02B |
| 2022-12-31 | $359M | 140 | -28.40% | -18.17% | -10.22% | -0.00B |
| 2022-09-30 | $357M | 144 | -21.75% | -15.51% | -6.24% | -0.01B |
| 2022-06-30 | $400M | 161 | -14.27% | -10.62% | -3.65% | -0.02B |