Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.78%
adds when stocks drop
when a holding falls −10%+
Middle response
-9.31%
baseline attrition
Rally response
-4.83%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IDOGALPS International Secto | $19M | 11.2% | — | 4.5 yr |
| SDOGALPS Sector Dividend Dog | $18M | 10.9% | — | 4.5 yr |
| EDOGALPS Emerging Sector Div | $15M | 8.8% | — | 4.5 yr |
| FDLFirst Trust Morningstar | $15M | 8.7% | — | 1.0 yr |
| EEMiShares MSCI Emerging Ma | $11M | 6.8% | — | 3.5 yr |
| DESWisdomTree U.S. SmallCap | $8M | 4.6% | — | 4.5 yr |
| AVUVAvantis U.S. Small Cap V | $8M | 4.5% | — | 1.8 yr |
| VIOGVanguard S&P Small-Cap 6 | $6M | 3.8% | — | 1.8 yr |
| APAAPA Corporation | $6M | 3.7% | +112.3% | 0.5 yr |
| GVALCambria Global Value ETF | $6M | 3.3% | — | 1.8 yr |
| DFIVDimensional - Internatio | $5M | 3.0% | — | 2.0 yr |
| BONDPIMCO Active Bond Exchan | $4M | 2.5% | — | 4.5 yr |
| SPGSimon Property Group, In | $4M | 2.3% | +17.9% | 2.3 yr |
| PIZInvesco Dorsey Wright De | $4M | 2.2% | — | 3.3 yr |
| IVZInvesco Ltd. | $4M | 2.1% | +66.7% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management82.6%+3.7pp$138M
Oil & Gas Exploration & Production3.7%$6M
REIT - Retail2.3%+0.5pp$4M
Semiconductors2.2%-0.0pp$4M
Regulated Electric2.0%$3M
Information Technology Services1.6%-0.5pp$3M
Auto - Manufacturers1.6%$3M
Internet Content & Information1.0%-1.0pp$2M
Consumer Electronics0.8%-1.5pp$1M
Specialty Retail0.7%+0.3pp$1M
Country
US99.6%-0.1pp
Unknown0.4%+0.1pp
Top 5: 46.4% · Top 10: 66.3% · Top 25: 92.9%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $3M | +0.00B | 60.9% |
| GOOG | $2M | +0.00B | 84.3% |
| AAPL | $3M | +0.00B | 14.7% |
| SPG | $2M | +0.00B | 17.9% |
| AMZN | $1M | +0.00B | 9.5% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| IBM | $3M | -0.00B | -0.1% |
Top buys this quarter · 15
| F-PD Ford Motor Company 6.500% Notenew | +$5M |
| EIX Edison Internationalnew | +$3M |
| APA APA Corporation | +$0M |
| SPG Simon Property Group, Inc. | +$0M |
| IVZ Invesco Ltd. | +$4M |
| IBM International Business Machine | +$3M |
| META Meta Platforms, Inc. | +$1M |
| MSFT Microsoft Corporation | +$0M |
| WMT Walmart Inc. | +$0M |
| EDOG ALPS Emerging Sector Dividend | +$0M |
Top sells this quarter · 15
| MO Altria Group, Inc.exit | −$3M |
| AES The AES Corporationexit | −$3M |
| REGN Regeneron Pharmaceuticals, Incexit | −$2M |
| APP AppLovin Corporationexit | −$2M |
| RH Rhexit | −$2M |
| AMZN Amazon.com, Inc. | −$2M |
| NFLX Netflix, Inc. | −$2M |
| SPOT Spotify Technology S.A.exit | −$2M |
| ISRG Intuitive Surgical, Inc.exit | −$2M |
| UNH UnitedHealth Group Incorporateexit | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $167M | 44 | +28.30% | +17.59% | +10.71% | +0.01B |
| 2025-12-31 | $162M | 54 | +25.73% | +17.72% | +8.01% | +0.01B |
| 2025-09-30 | $161M | 54 | +42.75% | +17.52% | +25.23% | -0.00B |
| 2025-06-30 | $144M | 49 | +33.79% | +14.94% | +18.85% | -0.01B |
| 2025-03-31 | $127M | 35 | +17.19% | +8.30% | +8.88% | +0.01B |
| 2024-12-31 | $123M | 36 | +35.83% | +24.89% | +10.94% | -0.02B |
| 2024-09-30 | $128M | 35 | +48.08% | +36.04% | +12.04% | -0.00B |
| 2024-06-30 | $122M | 38 | +27.24% | +24.49% | +2.75% | -0.00B |
| 2024-03-31 | $122M | 39 | +40.27% | +29.62% | +10.64% | -0.00B |
| 2023-12-31 | $114M | 28 | +41.65% | +26.18% | +15.47% | -0.01B |
| 2023-09-30 | $102M | 27 | +12.03% | +21.57% | -9.54% | +0.00B |
| 2023-06-30 | $105M | 28 | +30.00% | +19.42% | +10.57% | -0.01B |
| 2023-03-31 | $102M | 26 | -13.53% | -7.82% | -5.71% | -0.04B |
| 2022-12-31 | $124M | 45 | -4.53% | +7.56% | -12.09% | +0.04B |
| 2022-09-30 | $85M | 26 | +6.79% | -4.93% | +11.71% | -0.01B |
| 2022-06-30 | $88M | 25 | -24.52% | -16.11% | -8.40% | +0.01B |