Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.57%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.14%
steady accumulation
Rally response
-2.52%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| JGHNuveen Global High Incom | $46M | 5.9% | — | 10.5 yr |
| XOMExxon Mobil Corporation | $42M | 5.4% | +47.6% | 10.5 yr |
| HYTBlackRock Corporate High | $39M | 4.9% | — | 9.3 yr |
| AWFAllianceBernstein Global | $38M | 4.8% | — | 10.5 yr |
| UTFCohen & Steers Infrastru | $36M | 4.6% | — | 10.5 yr |
| BTIBritish American Tobacco | $33M | 4.2% | +47.5% | 1.3 yr |
| PAGPPlains GP Holdings, L.P. | $33M | 4.2% | +23.4% | 2.3 yr |
| DSLDoubleLine Income Soluti | $32M | 4.0% | — | 10.3 yr |
| FLSFlowserve Corporation | $27M | 3.4% | +52.2% | 0.5 yr |
| FDXFedEx Corporation | $22M | 2.9% | +49.3% | 0.3 yr |
| DELLDell Technologies Inc. | $21M | 2.7% | +83.4% | 1.8 yr |
| IFLOVictoryShares Internatio | $21M | 2.6% | — | 0.3 yr |
| LLYEli Lilly and Company | $20M | 2.5% | +12.2% | 10.5 yr |
| GSSTGoldman Sachs Ultra Shor | $20M | 2.5% | — | 1.8 yr |
| EVTEaton Vance Tax-Advantag | $19M | 2.5% | — | 7.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management - Income24.4%-2.4pp$192M
Asset Management18.1%+2.9pp$142M
Oil & Gas Midstream10.5%+0.7pp$82M
Oil & Gas Integrated6.5%+1.4pp$51M
Tobacco4.4%+1.0pp$35M
Industrial - Machinery3.4%+3.4pp$27M
Integrated Freight & Logistics3.1%+3.0pp$24M
Computer Hardware2.7%+1.1pp$21M
Drug Manufacturers - General2.7%+0.1pp$21M
Aerospace & Defense2.6%+0.7pp$21M
Country
US95.2%+14.3pp
GB4.2%+1.1pp
PA0.3%
IE0.0%-0.9pp
BM0.0%
TW0.0%
UY0.0%+0.0pp
CH0.0%+0.0pp
Top 5: 25.6% · Top 10: 44.2% · Top 25: 77.3%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| XOM | $31M | +0.01B | 47.6% |
| BWXT | $13M | +0.01B | 108.6% |
| BTI | $23M | +0.01B | 47.5% |
| DELL | $12M | +0.01B | 83.4% |
| PAGP | $25M | +0.01B | 23.4% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| UNM | $16M | -0.00B | -8.2% |
Top buys this quarter · 15
| FDX FedEx Corporationnew | +$22M |
| SON Sonoco Products Companynew | +$16M |
| MU Micron Technology, Inc.new | +$1M |
| GLW Corning Incorporatednew | +$1M |
| RLGT Radiant Logistics, Inc. | +$1M |
| HTH Hilltop Holdings Inc.new | +$0M |
| AMGN Amgen Inc.new | +$0M |
| ET Energy Transfer LP | +$0M |
| VAL Valaris Limitednew | +$0M |
| VRT Vertiv Holdings Conew | +$0M |
Top sells this quarter · 15
| BWXT BWX Technologies, Inc. | −$8M |
| MSFT Microsoft Corporation | −$5M |
| PANW Palo Alto Networks, Inc.exit | −$2M |
| TXN Texas Instruments Incorporated | −$2M |
| EXE Expand Energy Corporation | −$1M |
| VZ Verizon Communications Inc.exit | −$1M |
| T AT&T Inc. | −$0M |
| DELL Dell Technologies Inc. | −$17M |
| XOM Exxon Mobil Corporation | −$30M |
| EQT EQT Corporation | −$11M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $785M | 152 | +22.58% | +17.59% | +4.98% | -0.08B |
| 2025-12-31 | $780M | 117 | +14.82% | +17.72% | -2.90% | -0.02B |
| 2025-09-30 | $782M | 111 | +12.61% | +17.52% | -4.91% | -0.01B |
| 2025-06-30 | $766M | 113 | +12.08% | +14.94% | -2.86% | +0.00B |
| 2025-03-31 | $729M | 111 | +11.52% | +8.30% | +3.21% | -0.03B |
| 2024-12-31 | $734M | 111 | +29.07% | +24.89% | +4.18% | -0.02B |
| 2024-09-30 | $745M | 110 | +33.62% | +36.04% | -2.42% | +0.02B |
| 2024-06-30 | $704M | 102 | +32.11% | +24.49% | +7.62% | -0.00B |
| 2024-03-31 | $678M | 107 | +30.93% | +29.62% | +1.31% | -0.05B |
| 2023-12-31 | $606M | 107 | +8.90% | +26.18% | -17.28% | -0.04B |
| 2023-09-30 | $619M | 108 | +16.29% | +21.57% | -5.28% | -0.01B |
| 2023-06-30 | $622M | 114 | +13.92% | +19.42% | -5.50% | -0.01B |
| 2023-03-31 | $614M | 117 | +2.42% | -7.82% | +10.24% | +0.01B |
| 2022-12-31 | $610M | 113 | +11.30% | +7.56% | +3.74% | -0.01B |
| 2022-09-30 | $561M | 99 | -0.48% | -4.93% | +4.45% | -0.02B |
| 2022-06-30 | $581M | 103 | -7.05% | -16.11% | +9.06% | -0.01B |