Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.82%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.32%
baseline attrition
Rally response
+0.38%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| DFACDimensional - US Core Eq | $155M | 8.4% | — | 5.0 yr |
| VBILVanguard 0-3 Month Treas | $142M | 7.7% | — | 1.0 yr |
| PHYSSprott Physical Gold Tru | $136M | 7.4% | — | 11.5 yr |
| DFASDimensional - US Small C | $86M | 4.7% | — | 5.0 yr |
| DFAXDimensional - World ex U | $78M | 4.3% | — | 4.5 yr |
| DFIVDimensional - Internatio | $74M | 4.0% | — | 4.5 yr |
| AAPLApple Inc. | $68M | 3.7% | +14.7% | 11.5 yr |
| DFATDimensional - US Targete | $67M | 3.7% | — | 5.0 yr |
| DFUSDimensional - US Equity | $67M | 3.6% | — | 5.0 yr |
| DFUVDimensional - US Marketw | $65M | 3.5% | — | 4.0 yr |
| VTIVanguard Total Stock Mar | $53M | 2.9% | — | 11.5 yr |
| GOOGLAlphabet Inc. | $49M | 2.6% | — | 10.5 yr |
| DFISDimensional - Internatio | $47M | 2.6% | — | 4.0 yr |
| DISVDimensional - Internatio | $47M | 2.5% | — | 4.0 yr |
| GOOGAlphabet Inc. | $42M | 2.3% | +84.3% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management82.5%+4.6pp$1.52B
Internet Content & Information4.9%+0.7pp$91M
Consumer Electronics3.7%-3.1pp$68M
Asset Management - Bonds0.9%+0.1pp$16M
Asset Management - Global0.9%+0.2pp$16M
Semiconductors0.8%+0.1pp$15M
Software - Infrastructure0.8%-0.2pp$14M
Software - Application0.7%-0.6pp$13M
Insurance - Diversified0.6%-0.4pp$10M
Oil & Gas Midstream0.5%+0.1pp$10M
Country
US92.0%+1.5pp
CA7.6%-1.4pp
IE0.2%-0.2pp
TW0.1%+0.0pp
CN0.0%
NL0.0%
Unknown0.0%+0.0pp
BM0.0%-0.0pp
Top 5: 32.5% · Top 10: 51.0% · Top 25: 76.9%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| GOOG | $28M | +0.02B | 84.3% |
| AAPL | $93M | +0.01B | 14.7% |
| NVDA | $8M | +0.00B | 60.9% |
| SPY | $12M | +0.00B | 17.6% |
| MSFT | $10M | -0.00B | -0.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $10M | -0.00B | -0.6% |
Top buys this quarter · 15
| ET Energy Transfer LP | +$1M |
| EPD Enterprise Products Partners L | +$1M |
| WES Western Midstream Partners, LPnew | +$1M |
| AAPL Apple Inc. | +$68M |
| GEV GE Vernova Inc.new | +$0M |
| BWXT BWX Technologies, Inc.new | +$0M |
| TSLA Tesla, Inc. | +$3M |
| TSM Taiwan Semiconductor Manufactu | +$0M |
| AMZN Amazon.com, Inc. | +$7M |
| ORCL Oracle Corporation | +$1M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$0M |
| GOOG Alphabet Inc. | −$0M |
| WELL Welltower Inc.exit | −$0M |
| MSFT Microsoft Corporation | −$0M |
| ADP Automatic Data Processing, Incexit | −$0M |
| ALRM Alarm.com Holdings, Inc. | −$0M |
| PYPL PayPal Holdings, Inc.exit | −$0M |
| NVDA NVIDIA Corporation | −$0M |
| DXYZ Destiny Tech100 Inc. | −$0M |
| CVX Chevron Corporation | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.84B | 318 | +19.15% | +17.59% | +1.55% | +0.14B |
| 2025-12-31 | $1.82B | 322 | +17.00% | +17.72% | -0.72% | -0.03B |
| 2025-09-30 | $1.72B | 320 | +16.77% | +17.52% | -0.74% | -0.06B |
| 2025-06-30 | $1.56B | 322 | +5.62% | +14.94% | -9.32% | +0.13B |
| 2025-03-31 | $1.37B | 304 | +11.63% | +8.30% | +3.32% | +0.08B |
| 2024-12-31 | $1.41B | 304 | +24.00% | +24.89% | -0.88% | -0.07B |
| 2024-09-30 | $1.39B | 302 | +28.13% | +36.04% | -7.90% | +0.04B |
| 2024-06-30 | $1.30B | 297 | +18.36% | +24.49% | -6.13% | -0.12B |
| 2024-03-31 | $1.28B | 304 | +21.94% | +29.62% | -7.68% | +0.08B |
| 2023-12-31 | $1.19B | 295 | +40.91% | +26.18% | +14.73% | +0.04B |
| 2023-09-30 | $1.04B | 281 | +22.64% | +21.57% | +1.07% | +0.03B |
| 2023-06-30 | $1.05B | 283 | +25.44% | +19.42% | +6.01% | -0.05B |
| 2023-03-31 | $974M | 267 | -8.40% | -7.82% | -0.59% | -0.09B |
| 2022-12-31 | $909M | 268 | -25.44% | -18.17% | -7.26% | +0.11B |
| 2022-09-30 | $827M | 258 | -14.08% | -15.51% | +1.43% | -0.03B |
| 2022-06-30 | $879M | 264 | -11.71% | -10.62% | -1.09% | +0.03B |