Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-6.40%
trims when stocks drop
when a holding falls −10%+
Middle response
+8.04%
steady accumulation
Rally response
+4.47%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTIVanguard Total Stock Mar | $132M | 33.2% | — | 1.0 yr |
| VTWOVanguard Russell 2000 ET | $50M | 12.6% | — | 2.0 yr |
| VALEVale S.A. | $43M | 10.7% | +72.7% | 6.8 yr |
| ISHGiShares 1-3 Year Interna | $34M | 8.6% | — | 0.3 yr |
| AMZNAmazon.com, Inc. | $25M | 6.2% | +9.5% | 8.3 yr |
| GOOGAlphabet Inc. | $22M | 5.4% | +84.3% | 8.5 yr |
| MSFTMicrosoft Corporation | $21M | 5.3% | -0.6% | 8.5 yr |
| — | $20M | 5.0% | — | 2.0 yr |
| BMABanco Macro S.A. | $11M | 2.7% | +7.5% | 1.0 yr |
| ERICTelefonaktiebolaget LM E | $8M | 1.9% | +46.5% | 3.8 yr |
| IBITiShares Bitcoin Trust ET | $5M | 1.2% | — | 0.8 yr |
| URNMSprott Uranium Miners ET | $3M | 0.8% | — | 3.0 yr |
| BRK-ABerkshire Hathaway Inc. | $3M | 0.7% | — | 5.3 yr |
| PAGSPagSeguro Digital Ltd. | $2M | 0.6% | +38.4% | 0.5 yr |
| BILState Street SPDR Bloomb | $2M | 0.5% | — | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management58.2%-7.8pp$231M
Industrial Materials10.9%+2.5pp$43M
Specialty Retail6.2%-0.2pp$25M
Software - Infrastructure5.9%-0.6pp$23M
Internet Content & Information5.5%-0.4pp$22M
Unknown5.3%+5.3pp$21M
Banks - Regional3.2%+2.9pp$13M
Communication Equipment1.9%+0.5pp$8M
Insurance - Diversified0.7%-0.1pp$3M
Consumer Electronics0.4%+0.1pp$2M
Country
US78.1%-11.3pp
BR11.4%+3.0pp
Unknown5.3%+5.3pp
AR3.2%+2.7pp
SE1.9%+0.5pp
GB0.0%+0.0pp
TW0.0%
CA0.0%-0.3pp
Top 5: 71.3% · Top 10: 91.7% · Top 25: 98.5%
Top buys this quarter · 15
| BMA Banco Macro S.A. | +$40M |
| AMZN Amazon.com, Inc. | +$21M |
| GOOG Alphabet Inc. | +$20M |
| MSFT Microsoft Corporation | +$19M |
| PAGS PagSeguro Digital Ltd. | +$1M |
| GGAL Grupo Financiero Galicia S.A. | +$1M |
| HAL Halliburton Companynew | +$0M |
| SLB SLB N.V.new | +$0M |
| NVDA NVIDIA Corporation | +$0M |
| CAT Caterpillar Inc.new | +$0M |
Top sells this quarter · 15
| TSM Taiwan Semiconductor Manufactu | −$8M |
| VALE Vale S.A. | −$41M |
| CCJ Cameco Corporationexit | −$1M |
| GS The Goldman Sachs Group, Inc. | −$0M |
| BBD Banco Bradesco S.A. | −$0M |
| DMRC Digimarc Corporation | −$0M |
| MRK Merck & Co., Inc. | −$0M |
| SGML Sigma Lithium Corporation | −$0M |
| TSLA Tesla, Inc. | −$0M |
| BAM Brookfield Asset Management Lt | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $397M | 107 | +76.22% | +17.59% | +58.63% | +0.09B |
| 2025-12-31 | $257M | 104 | +38.43% | +17.72% | +20.71% | -0.09B |
| 2025-09-30 | $295M | 106 | +17.80% | +17.52% | +0.28% | -0.26B |
| 2025-06-30 | $511M | 82 | +12.10% | +14.94% | -2.84% | +0.09B |
| 2025-03-31 | $372M | 80 | +4.00% | +8.30% | -4.30% | +0.01B |
| 2024-12-31 | $384M | 83 | +14.03% | +24.89% | -10.86% | +0.02B |
| 2024-09-30 | $363M | 78 | +30.54% | +36.04% | -5.49% | -0.05B |
| 2024-06-30 | $392M | 73 | +22.87% | +24.49% | -1.62% | -0.02B |
| 2024-03-31 | $393M | 73 | +15.33% | +29.62% | -14.29% | +0.07B |
| 2023-12-31 | $313M | 79 | +15.71% | +26.18% | -10.46% | +0.05B |
| 2023-09-30 | $227M | 74 | +0.92% | +21.57% | -20.64% | +0.03B |
| 2023-06-30 | $197M | 77 | -1.23% | +19.42% | -20.66% | +0.10B |
| 2023-03-31 | $99M | 65 | -20.65% | -7.82% | -12.84% | -0.09B |
| 2022-12-31 | $183M | 73 | -27.36% | -18.17% | -9.19% | +0.07B |
| 2022-09-30 | $117M | 87 | -20.13% | -15.51% | -4.62% | +0.01B |
| 2022-06-30 | $115M | 100 | -16.30% | -10.62% | -5.68% | -0.07B |