Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-7.73%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.45%
steady accumulation
Rally response
+0.44%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| WFCWells Fargo & Company | $33M | 10.5% | +13.3% | 5.0 yr |
| VUSBVanguard Ultra-Short Bon | $23M | 7.4% | — | 0.8 yr |
| SCHVSchwab U.S. Large-Cap Va | $14M | 4.6% | — | 6.0 yr |
| RSPInvesco S&P 500 Equal We | $14M | 4.6% | — | 3.5 yr |
| IAUiShares Gold Trust | $14M | 4.5% | — | 5.0 yr |
| DSEPFT Vest U.S. Equity Deep | $11M | 3.6% | — | 1.8 yr |
| DMARFT Vest U.S. Equity Deep | $11M | 3.3% | — | 2.3 yr |
| HECAHedgeye Capital Allocati | $10M | 3.2% | — | 0.5 yr |
| XOMExxon Mobil Corporation | $7M | 2.2% | +47.6% | 10.5 yr |
| YMARFT Vest International Eq | $7M | 2.2% | — | 0.3 yr |
| DFEBFT Vest U.S. Equity Deep | $7M | 2.2% | — | 2.3 yr |
| CVXChevron Corporation | $7M | 2.1% | +29.2% | 10.5 yr |
| DMAYFT Vest U.S. Equity Deep | $6M | 1.9% | — | 2.0 yr |
| GOOGAlphabet Inc. | $5M | 1.7% | +84.3% | 8.0 yr |
| DDECFT Vest U.S. Equity Deep | $5M | 1.7% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management47.4%-6.4pp$149M
Banks - Diversified10.6%$33M
Asset Management - Bonds7.8%+7.1pp$25M
Oil & Gas Integrated4.3%-0.1pp$14M
Drug Manufacturers - General2.8%+0.7pp$9M
Aerospace & Defense2.6%+0.2pp$8M
Internet Content & Information2.3%+1.8pp$7M
Discount Stores2.1%-0.6pp$6M
Software - Infrastructure1.9%-1.9pp$6M
Medical - Devices1.9%-2.5pp$6M
Country
US96.3%+1.8pp
CH1.3%
IE1.0%-2.3pp
GB0.7%-1.1pp
CA0.3%
IL0.2%-0.1pp
NL0.1%
Unknown0.0%-0.0pp
Top 5: 31.5% · Top 10: 46.0% · Top 25: 69.6%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| LHX | $3M | +0.00B | 67.7% |
| XOM | $5M | +0.00B | 47.6% |
| WMT | $5M | +0.00B | 42.8% |
| CVX | $5M | +0.00B | 29.2% |
| SCHW | $5M | +0.00B | 21.5% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $5M | -0.00B | -0.6% |
Top buys this quarter · 15
| WFC Wells Fargo & Company | +$33M |
| FCX Freeport-McMoRan Inc.new | +$3M |
| ILMN Illumina, Inc. | +$3M |
| SOLS Solstice Advanced Materials In | +$1M |
| GEV GE Vernova Inc.new | +$1M |
| MRVL Marvell Technology, Inc.new | +$1M |
| AMZN Amazon.com, Inc. | +$0M |
| BWXT BWX Technologies, Inc.new | +$0M |
| CVX Chevron Corporation | +$0M |
| GE GE Aerospace | +$0M |
Top sells this quarter · 15
| LNG Cheniere Energy, Inc.exit | −$3M |
| ABT Abbott Laboratoriesexit | −$2M |
| HON Honeywell International Inc. | −$1M |
| MSFT Microsoft Corporation | −$1M |
| CSCO Cisco Systems, Inc. | −$1M |
| WMT Walmart Inc. | −$5M |
| ESLT Elbit Systems Ltd. | −$0M |
| RMD ResMed Inc.exit | −$0M |
| GD General Dynamics Corporation | −$0M |
| QCOM QUALCOMM Incorporatedexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $315M | 107 | +20.78% | +17.59% | +3.19% | -0.00B |
| 2025-12-31 | $300M | 105 | +16.29% | +17.72% | -1.43% | +0.02B |
| 2025-09-30 | $284M | 108 | +18.43% | +17.52% | +0.91% | +0.04B |
| 2025-06-30 | $230M | 96 | +16.63% | +14.94% | +1.69% | -0.01B |
| 2025-03-31 | $225M | 84 | +8.12% | +8.30% | -0.18% | -0.00B |
| 2024-12-31 | $223M | 94 | +11.50% | +24.89% | -13.39% | -0.02B |
| 2024-09-30 | $236M | 94 | +17.83% | +36.04% | -18.21% | +0.01B |
| 2024-06-30 | $216M | 92 | +11.17% | +24.49% | -13.32% | -0.02B |
| 2024-03-31 | $233M | 98 | +15.99% | +29.62% | -13.63% | -0.00B |
| 2023-12-31 | $226M | 88 | +11.20% | +26.18% | -14.98% | +0.02B |
| 2023-09-30 | $190M | 89 | +17.41% | +21.57% | -4.16% | -0.01B |
| 2023-06-30 | $201M | 88 | +12.68% | +19.42% | -6.75% | -0.01B |
| 2023-03-31 | $202M | 86 | -7.12% | -7.82% | +0.70% | -0.00B |
| 2022-12-31 | $206M | 95 | -11.61% | -18.17% | +6.56% | -0.01B |
| 2022-09-30 | $195M | 88 | -12.73% | -15.51% | +2.78% | +0.00B |
| 2022-06-30 | $203M | 91 | -8.40% | -10.62% | +2.22% | -0.02B |