Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-16.46%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.34%
baseline attrition
Rally response
+2.69%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| EPDEnterprise Products Part | $13M | 7.1% | +18.7% | 1.5 yr |
| IBHFiShares iBonds 2026 Term | $13M | 7.0% | — | 1.5 yr |
| VTVVanguard Value ETF | $12M | 6.3% | — | 1.5 yr |
| PSLVSprott Physical Silver T | $11M | 6.1% | — | 1.5 yr |
| VGITVanguard Intermediate-Te | $10M | 5.6% | — | 1.5 yr |
| VOOVanguard S&P 500 ETF | $9M | 4.9% | — | 1.3 yr |
| VONGVanguard Russell 1000 Gr | $8M | 4.5% | — | 1.5 yr |
| SCHFSchwab International Equ | $7M | 3.6% | — | 1.5 yr |
| BINCiShares Flexible Income | $5M | 2.8% | — | 1.5 yr |
| GOOGLAlphabet Inc. | $4M | 2.4% | — | 1.5 yr |
| MSMorgan Stanley | $3M | 1.8% | +44.8% | 1.5 yr |
| XLKState Street Technology | $3M | 1.8% | — | 1.5 yr |
| SCHDSchwab U.S. Dividend Equ | $3M | 1.7% | — | 1.5 yr |
| SPYState Street SPDR S&P 50 | $3M | 1.6% | +17.6% | 1.3 yr |
| SCHXSchwab U.S. Large-Cap ET | $3M | 1.6% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management59.4%+0.7pp$111M
Oil & Gas Midstream7.6%+4.2pp$14M
Asset Management - Income7.5%-2.0pp$14M
Internet Content & Information3.0%+0.5pp$6M
Medical - Care Facilities2.0%-0.5pp$4M
Financial - Capital Markets1.9%+0.0pp$4M
Asset Management - Bonds1.5%-2.2pp$3M
Consumer Electronics1.1%+0.3pp$2M
Oil & Gas Exploration & Production1.1%+1.1pp$2M
Specialty Retail1.1%-0.2pp$2M
Country
US90.5%-2.0pp
CA8.3%+3.5pp
Unknown0.8%-0.4pp
IL0.1%+0.0pp
CH0.1%+0.0pp
NL0.0%+0.0pp
CN0.0%-0.0pp
GB0.0%-1.1pp
Top 5: 32.2% · Top 10: 50.3% · Top 25: 69.8%
Top buys this quarter · 15
| EPD Enterprise Products Partners L | +$3M |
| CNQ Canadian Natural Resources Lim | +$2M |
| ET Energy Transfer LPnew | +$1M |
| SPY State Street SPDR S&P 500 ETF | +$0M |
| PLTR Palantir Technologies Inc. | +$0M |
| TSLA Tesla, Inc. | +$0M |
| BX Blackstone Inc. | +$2M |
| TDY Teledyne Technologies Incorpor | +$0M |
| LQDA Liquidia Corporation | +$0M |
| NFLX Netflix, Inc. | +$0M |
Top sells this quarter · 15
| LMT Lockheed Martin Corporation | −$0M |
| VICI VICI Properties Inc.exit | −$0M |
| AMZN Amazon.com, Inc. | −$0M |
| HCA HCA Healthcare, Inc. | −$0M |
| JPM JPMorgan Chase & Co. | −$0M |
| DG Dollar General Corporation | −$0M |
| MRK Merck & Co., Inc. | −$0M |
| MPC Marathon Petroleum Corporation | −$1M |
| CBRE CBRE Group, Inc. | −$0M |
| AMGN Amgen Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $186M | 624 | +19.90% | +17.59% | +2.31% | +0.01B |
| 2025-12-31 | $179M | 544 | +15.12% | +17.72% | -2.59% | -0.00B |
| 2025-09-30 | $177M | 646 | +7.38% | +8.12% | -0.74% | +0.02B |
| 2025-06-30 | $143M | 458 | +7.93% | +10.78% | -2.85% | +0.00B |
| 2025-03-31 | $132M | 500 | -2.52% | -4.27% | +1.74% | +0.01B |
| 2024-12-31 | $124M | 406 | — | — | — | — |