Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+13.66%
adds when stocks drop
when a holding falls −10%+
Middle response
-6.29%
baseline attrition
Rally response
-25.11%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $118M | 26.7% | — | 5.0 yr |
| VOVanguard Mid-Cap ETF | $72M | 16.2% | — | 5.0 yr |
| HYLBXtrackers USD High Yield | $59M | 13.4% | — | 5.0 yr |
| SPYState Street SPDR S&P 50 | $53M | 12.0% | +17.6% | 8.3 yr |
| VEUVanguard FTSE All-World | $39M | 8.8% | — | 6.5 yr |
| VBRVanguard Small-Cap Value | $21M | 4.8% | — | 3.8 yr |
| IWRiShares Russell Mid-Cap | $19M | 4.4% | — | 3.0 yr |
| RSPInvesco S&P 500 Equal We | $13M | 3.0% | — | 0.3 yr |
| VBKVanguard Small-Cap Growt | $10M | 2.2% | — | 6.3 yr |
| IJRiShares Core S&P Small-C | $8M | 1.9% | — | 5.0 yr |
| SPHQInvesco S&P 500 Quality | $8M | 1.7% | — | 4.8 yr |
| QUALiShares MSCI USA Quality | $7M | 1.7% | — | 4.8 yr |
| XSWState Street SPDR S&P So | $4M | 0.9% | — | 0.3 yr |
| ANGLVanEck Fallen Angel High | $3M | 0.8% | — | 5.0 yr |
| EWJiShares MSCI Japan ETF | $3M | 0.8% | — | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management99.9%+0.0pp$441M
Home Improvement0.0%$0M
Software - Application0.0%+0.0pp$0M
Beverages - Non-Alcoholic0.0%$0M
Unknown0.0%-0.0pp$0M
Medical - Equipment & Services0.0%+0.0pp$0M
Internet Content & Information0.0%-0.0pp$0M
Medical - Healthcare Plans0.0%$0M
Oil & Gas Integrated0.0%-0.0pp$0M
Information Technology Services0.0%+0.0pp$0M
Country
US100.0%+0.0pp
SE0.0%+0.0pp
Unknown0.0%-0.0pp
GB0.0%+0.0pp
LU0.0%
DK0.0%
Top 5: 77.1% · Top 10: 93.4% · Top 25: 100.0%
Top buys this quarter · 15
| LESL Leslie's, Inc. | +$0M |
| ASAN Asana, Inc. | +$0M |
| ADBE Adobe Inc. | +$0M |
| DOCU DocuSign, Inc. | +$0M |
| CLVT Clarivate Plc | +$0M |
| PYPL PayPal Holdings, Inc. | +$0M |
| BLKB Blackbaud, Inc. | +$0M |
| PATH UiPath Inc. | +$0M |
| GETY Getty Images Holdings, Inc. | +$0M |
| — | +$0M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$10M |
| OEC Orion Engineered Carbons S.A. | −$0M |
| FMC FMC Corporationexit | −$0M |
| ASPN Aspen Aerogels, Inc.exit | −$0M |
| OLN Olin Corporationexit | −$0M |
| JELD JELD-WEN Holding, Inc. | −$0M |
| RIG Transocean Ltd.exit | −$0M |
| SBH Sally Beauty Holdings, Inc.exit | −$0M |
| ALGN Align Technology, Inc.exit | −$0M |
| MRVI Maravai LifeSciences Holdings, | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $442M | 47 | +17.58% | +17.59% | -0.01% | +0.07B |
| 2025-12-31 | $394M | 50 | +17.93% | +17.72% | +0.21% | +0.01B |
| 2025-09-30 | $377M | 51 | +15.74% | +17.52% | -1.78% | +0.02B |
| 2025-06-30 | $332M | 51 | +17.26% | +14.94% | +2.32% | -0.00B |
| 2025-03-31 | $301M | 51 | +9.15% | +8.30% | +0.85% | +0.03B |
| 2024-12-31 | $284M | 50 | +24.81% | +24.89% | -0.08% | +0.01B |
| 2024-09-30 | $269M | 50 | +38.34% | +36.04% | +2.30% | +0.00B |
| 2024-06-30 | $243M | 53 | +21.19% | +24.49% | -3.30% | +0.01B |
| 2024-03-31 | $227M | 56 | +27.58% | +29.62% | -2.05% | -0.03B |
| 2023-12-31 | $230M | 50 | +24.32% | +26.18% | -1.85% | -0.00B |
| 2023-09-30 | $210M | 76 | +19.57% | +21.57% | -2.00% | +0.01B |
| 2023-06-30 | $203M | 77 | +16.59% | +19.42% | -2.83% | -0.00B |
| 2023-03-31 | $191M | 78 | -9.15% | -7.82% | -1.34% | +0.01B |
| 2022-12-31 | $173M | 69 | -18.83% | -18.17% | -0.65% | +0.01B |
| 2022-09-30 | $150M | 80 | -15.87% | -15.51% | -0.36% | +0.02B |
| 2022-06-30 | $138M | 63 | -10.05% | -10.62% | +0.57% | +0.01B |