Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.53%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.83%
baseline attrition
Rally response
-3.93%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTIVanguard Total Stock Mar | $138M | 17.6% | — | 10.5 yr |
| VXUSVanguard Total Internati | $81M | 10.2% | — | 10.0 yr |
| BNDVanguard Total Bond Mark | $48M | 6.1% | — | 6.5 yr |
| VEAVanguard FTSE Developed | $46M | 5.9% | — | 10.5 yr |
| VYMVanguard High Dividend Y | $31M | 4.0% | — | 10.5 yr |
| VEUVanguard FTSE All-World | $31M | 3.9% | — | 10.5 yr |
| VVVanguard Large-Cap ETF | $27M | 3.4% | — | 10.5 yr |
| SPYState Street SPDR S&P 50 | $25M | 3.2% | +17.6% | 10.5 yr |
| XLKState Street Technology | $24M | 3.1% | — | 10.5 yr |
| VNQVanguard Real Estate ETF | $22M | 2.8% | — | 10.5 yr |
| IWFiShares Russell 1000 Gro | $22M | 2.8% | — | 10.5 yr |
| ICSHiShares Ultra Short Dura | $20M | 2.6% | — | 7.0 yr |
| VGITVanguard Intermediate-Te | $19M | 2.4% | — | 3.8 yr |
| SCHBSchwab U.S. Broad Market | $17M | 2.1% | — | 10.5 yr |
| SPTMState Street SPDR Portfo | $17M | 2.1% | — | 6.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management85.7%+1.1pp$674M
Asset Management - Bonds7.8%+0.5pp$62M
Asset Management - Leveraged0.8%-1.6pp$6M
Apparel - Retail0.7%+0.0pp$5M
Financial - Credit Services0.5%-0.1pp$4M
Semiconductors0.5%+0.2pp$4M
Drug Manufacturers - General0.4%+0.1pp$3M
Information Technology Services0.3%-0.2pp$3M
Software - Infrastructure0.3%-0.0pp$2M
Insurance - Diversified0.2%-0.0pp$2M
Country
US99.9%+0.1pp
CA0.1%+0.0pp
IE0.0%-0.0pp
TW0.0%+0.0pp
GB0.0%-0.0pp
Unknown0.0%+0.0pp
DK0.0%-0.0pp
UY0.0%-0.0pp
Top 5: 43.7% · Top 10: 60.3% · Top 25: 84.9%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MA | $4M | -0.00B | -8.5% |
Top buys this quarter · 15
| LLY Eli Lilly and Company | +$0M |
| PYPL PayPal Holdings, Inc. | +$0M |
| BAC Bank of America Corporation | +$0M |
| XOM Exxon Mobil Corporation | +$0M |
| T AT&T Inc. | +$0M |
| GE GE Aerospace | +$0M |
| HD The Home Depot, Inc. | +$0M |
| EMR Emerson Electric Co. | +$0M |
| PFE Pfizer Inc. | +$0M |
| GEV GE Vernova Inc. | +$0M |
Top sells this quarter · 15
| BX Blackstone Inc. | −$1M |
| SPY State Street SPDR S&P 500 ETF | −$0M |
| ACN Accenture plcexit | −$0M |
| CB Chubb Limitedexit | −$0M |
| PPG PPG Industries, Inc. | −$0M |
| AMGN Amgen Inc. | −$0M |
| AMAT Applied Materials, Inc. | −$0M |
| TMO Thermo Fisher Scientific Inc. | −$0M |
| MCD McDonald's Corporation | −$0M |
| IBM International Business Machine | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $787M | 442 | +15.33% | +17.59% | -2.27% | +0.05B |
| 2025-12-31 | $763M | 453 | +17.49% | +17.72% | -0.23% | +0.01B |
| 2025-09-30 | $738M | 423 | +16.51% | +17.52% | -1.01% | -0.00B |
| 2025-06-30 | $687M | 406 | +14.37% | +14.94% | -0.57% | +0.01B |
| 2025-03-31 | $627M | 391 | +7.42% | +8.30% | -0.88% | +0.01B |
| 2024-12-31 | $629M | 365 | +20.16% | +24.89% | -4.73% | -0.01B |
| 2024-09-30 | $634M | 338 | +30.23% | +36.04% | -5.81% | +0.00B |
| 2024-06-30 | $597M | 321 | +21.34% | +24.49% | -3.15% | +0.00B |
| 2024-03-31 | $583M | 310 | +30.00% | +29.62% | +0.37% | +0.00B |
| 2023-12-31 | $532M | 315 | +21.67% | +26.18% | -4.50% | -0.01B |
| 2023-09-30 | $489M | 284 | +19.98% | +21.57% | -1.59% | -0.01B |
| 2023-06-30 | $504M | 285 | +16.24% | +19.42% | -3.18% | -0.03B |
| 2023-03-31 | $489M | 289 | -7.44% | -7.82% | +0.37% | +0.01B |
| 2022-12-31 | $470M | 311 | -13.90% | -18.17% | +4.27% | +0.02B |
| 2022-09-30 | $412M | 312 | -11.81% | -15.51% | +3.69% | -0.01B |
| 2022-06-30 | $440M | 313 | -7.30% | -10.62% | +3.32% | -0.02B |