Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.25%
adds when stocks drop
when a holding falls −10%+
Middle response
+4.30%
steady accumulation
Rally response
-1.26%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $1.74B | 13.7% | — | 7.5 yr |
| VEAVanguard FTSE Developed | $933M | 7.3% | — | 7.5 yr |
| VOOVanguard S&P 500 ETF | $675M | 5.3% | — | 7.5 yr |
| IJHiShares Core S&P Mid-Cap | $521M | 4.1% | — | 7.0 yr |
| VXUSVanguard Total Internati | $488M | 3.8% | — | 7.5 yr |
| SCHDSchwab U.S. Dividend Equ | $408M | 3.2% | — | 6.8 yr |
| AONAon plc | $318M | 2.5% | -18.4% | 5.8 yr |
| VTIVanguard Total Stock Mar | $309M | 2.4% | — | 7.5 yr |
| SCHFSchwab International Equ | $302M | 2.4% | — | 6.3 yr |
| VUGVanguard Growth ETF | $296M | 2.3% | — | 6.3 yr |
| DFACDimensional - US Core Eq | $292M | 2.3% | — | 2.5 yr |
| SPYState Street SPDR S&P 50 | $287M | 2.3% | +17.6% | 7.5 yr |
| VWOVanguard FTSE Emerging M | $265M | 2.1% | — | 7.5 yr |
| VVVanguard Large-Cap ETF | $241M | 1.9% | — | 7.3 yr |
| IJRiShares Core S&P Small-C | $241M | 1.9% | — | 7.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management79.0%-6.9pp$10.06B
Asset Management - Bonds4.3%+1.0pp$552M
Insurance - Brokers2.5%+1.8pp$321M
Asset Management - Leveraged1.8%-0.0pp$227M
Internet Content & Information1.0%+0.7pp$132M
Consumer Electronics1.0%+0.2pp$131M
Software - Infrastructure0.8%-0.3pp$104M
Financial - Data & Stock Exchanges0.7%+0.5pp$95M
Semiconductors0.7%+0.5pp$95M
Asset Management - Global0.7%+0.2pp$86M
Country
US96.9%-2.1pp
IE2.8%+2.0pp
GB0.1%+0.0pp
CA0.1%+0.0pp
Unknown0.0%-0.0pp
CH0.0%+0.0pp
TW0.0%+0.0pp
NL0.0%+0.0pp
Top 5: 34.3% · Top 10: 47.1% · Top 25: 68.7%
Top buys this quarter · 15
| AON Aon plc | +$229M |
| CAVA CAVA Group, Inc. | +$30M |
| CME CME Group Inc. | +$26M |
| BZH Beazer Homes USA, Inc. | +$21M |
| ACN Accenture plc | +$20M |
| TSLA Tesla, Inc. | +$13M |
| HLT Hilton Worldwide Holdings Inc. | +$7M |
| CBNK Capital Bancorp, Inc. | +$6M |
| BYRN Byrna Technologies Inc. | +$5M |
| GBDC Golub Capital BDC, Inc. | +$5M |
Top sells this quarter · 15
| GOOG Alphabet Inc. | −$25M |
| AAPL Apple Inc. | −$20M |
| MSFT Microsoft Corporation | −$17M |
| NVDA NVIDIA Corporation | −$14M |
| META Meta Platforms, Inc. | −$11M |
| JPM JPMorgan Chase & Co. | −$9M |
| AMZN Amazon.com, Inc. | −$7M |
| COST Costco Wholesale Corporation | −$6M |
| HBAN Huntington Bancshares Incorporexit | −$6M |
| AVGO Broadcom Inc. | −$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $12.72B | 921 | +12.29% | +17.59% | -5.30% | +0.80B |
| 2025-12-31 | $12.55B | 1017 | +14.67% | +17.72% | -3.05% | -6.99B |
| 2025-09-30 | $19.10B | 3034 | +15.28% | +17.52% | -2.24% | +0.09B |
| 2025-06-30 | $17.78B | 835 | +16.50% | +14.94% | +1.56% | -0.31B |
| 2025-03-31 | $16.73B | 780 | +10.33% | +8.30% | +2.03% | +6.98B |
| 2024-12-31 | $10.05B | 782 | +23.28% | +24.89% | -1.61% | -0.05B |
| 2024-09-30 | $9.82B | 747 | +33.55% | +36.04% | -2.49% | +1.39B |
| 2024-06-30 | $7.80B | 661 | +19.94% | +24.49% | -4.55% | +0.13B |
| 2024-03-31 | $7.49B | 639 | +25.39% | +29.62% | -4.23% | -0.13B |
| 2023-12-31 | $7.03B | 642 | +23.95% | +26.18% | -2.23% | +0.29B |
| 2023-09-30 | $6.05B | 592 | +17.33% | +21.57% | -4.24% | +0.12B |
| 2023-06-30 | $6.11B | 557 | +14.43% | +19.42% | -4.99% | -0.12B |
| 2023-03-31 | $5.82B | 531 | -9.29% | -7.82% | -1.47% | -0.06B |
| 2022-12-31 | $5.48B | 576 | -19.25% | -18.17% | -1.07% | +0.45B |
| 2022-09-30 | $4.77B | 508 | -14.95% | -15.51% | +0.56% | +0.25B |
| 2022-06-30 | $4.78B | 495 | -9.61% | -10.62% | +1.01% | +1.01B |