Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.69%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.43%
baseline attrition
Rally response
+0.09%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SCHGSchwab U.S. Large-Cap Gr | $25M | 8.7% | — | 8.3 yr |
| SCHMSchwab U.S. Mid-Cap ETF | $18M | 6.1% | — | 8.5 yr |
| IBTHiShares iBonds Dec 2027 | $17M | 6.0% | — | 3.0 yr |
| SCHVSchwab U.S. Large-Cap Va | $17M | 5.9% | — | 8.3 yr |
| IBTGiShares iBonds Dec 2026 | $15M | 5.3% | — | 3.0 yr |
| HEFAiShares Currency Hedged | $15M | 5.1% | — | 1.5 yr |
| IBTIiShares iBonds Dec 2028 | $15M | 5.1% | — | 2.0 yr |
| IBTJiShares iBonds Dec 2029 | $15M | 5.0% | — | 1.5 yr |
| SCHFSchwab International Equ | $14M | 4.8% | — | 8.0 yr |
| IBTKiShares iBonds Dec 2030 | $14M | 4.7% | — | 0.3 yr |
| TOTLState Street DoubleLine | $13M | 4.4% | — | 3.8 yr |
| JAAAJanus Henderson AAA CLO | $9M | 3.3% | — | 1.5 yr |
| SMLFiShares U.S. Small-Cap E | $9M | 3.0% | — | 1.8 yr |
| IJKiShares S&P Mid-Cap 400 | $7M | 2.5% | — | 8.3 yr |
| VOOVanguard S&P 500 ETF | $7M | 2.4% | — | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management72.3%-4.6pp$210M
Asset Management - Bonds15.8%-0.6pp$46M
Consumer Electronics1.8%+0.9pp$5M
Semiconductors1.5%+0.9pp$4M
Software - Infrastructure1.4%+0.3pp$4M
Agricultural - Machinery1.1%+0.7pp$3M
Discount Stores0.9%+0.1pp$3M
Communication Equipment0.6%$2M
Internet Content & Information0.6%+0.5pp$2M
Oil & Gas Integrated0.5%+0.1pp$2M
Country
US99.9%-0.1pp
TW0.1%
Top 5: 31.9% · Top 10: 56.7% · Top 25: 84.9%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $2M | -0.00B | -0.6% |
Top buys this quarter · 15
| LITE Lumentum Holdings Inc.new | +$1M |
| JNJ Johnson & Johnson | +$0M |
| VIAV Viavi Solutions Inc.new | +$0M |
| TJX The TJX Companies, Inc. | +$0M |
| LLY Eli Lilly and Company | +$0M |
| C Citigroup Inc. | +$0M |
| RKLB Rocket Lab USA, Inc.new | +$0M |
| INTC Intel Corporation | +$0M |
| MU Micron Technology, Inc. | +$0M |
| GE GE Aerospace | +$0M |
Top sells this quarter · 15
| NVDA NVIDIA Corporation | −$2M |
| FDX FedEx Corporationexit | −$0M |
| ORCL Oracle Corporation | −$0M |
| CAT Caterpillar Inc. | −$2M |
| AAPL Apple Inc. | −$4M |
| AXON Axon Enterprise, Inc.exit | −$0M |
| MSFT Microsoft Corporation | −$0M |
| HD The Home Depot, Inc. | −$0M |
| SCHW The Charles Schwab Corporation | −$0M |
| PG The Procter & Gamble Company | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $290M | 86 | +3.38% | +17.59% | -14.21% | -0.01B |
| 2025-12-31 | $299M | 76 | -5.43% | +17.72% | -23.14% | -0.01B |
| 2025-09-30 | $321M | 78 | -0.70% | +17.52% | -18.22% | -0.03B |
| 2025-06-30 | $321M | 78 | -4.12% | +14.94% | -19.06% | +0.05B |
| 2025-03-31 | $278M | 70 | +0.75% | +8.30% | -7.55% | +0.04B |
| 2024-12-31 | $258M | 230 | +23.58% | +24.89% | -1.31% | -0.01B |
| 2024-09-30 | $266M | 240 | +32.42% | +36.04% | -3.62% | -0.00B |
| 2024-06-30 | $251M | 233 | +22.21% | +24.49% | -2.28% | -0.01B |
| 2024-03-31 | $258M | 93 | +34.07% | +29.62% | +4.44% | +0.06B |
| 2023-12-31 | $180M | 79 | +34.40% | +26.18% | +8.22% | -0.08B |
| 2023-09-30 | $239M | 96 | +22.14% | +21.57% | +0.57% | +0.00B |
| 2023-06-30 | $242M | 97 | +20.90% | +19.42% | +1.47% | -0.01B |
| 2023-03-31 | $227M | 95 | -10.84% | -7.82% | -3.03% | -0.01B |
| 2022-12-31 | $208M | 100 | -22.09% | -18.17% | -3.92% | +0.03B |
| 2022-09-30 | $178M | 88 | +29.29% | -15.51% | +44.80% | -0.03B |
| 2022-06-30 | $211M | 90 | -17.81% | -16.11% | -1.70% | +0.01B |