Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.67%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.09%
steady accumulation
Rally response
-0.86%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SCHGSchwab U.S. Large-Cap Gr | $120M | 3.9% | — | 10.0 yr |
| PYLDPIMCO Multisector Bond A | $99M | 3.2% | — | 2.8 yr |
| SCHVSchwab U.S. Large-Cap Va | $91M | 2.9% | — | 10.0 yr |
| DFAUDimensional - US Core Eq | $87M | 2.8% | — | 4.3 yr |
| XLKState Street Technology | $80M | 2.6% | — | 10.3 yr |
| VFLOVictoryShares Free Cash | $70M | 2.2% | — | 2.0 yr |
| AAPLApple Inc. | $66M | 2.1% | +14.7% | 10.3 yr |
| AVUVAvantis U.S. Small Cap V | $65M | 2.1% | — | 4.5 yr |
| SCHESchwab Emerging Markets | $60M | 1.9% | — | 10.0 yr |
| VOEVanguard Mid-Cap Value E | $57M | 1.8% | — | 10.3 yr |
| IBTMiShares iBonds Dec 2032 | $56M | 1.8% | — | 3.3 yr |
| NVDANVIDIA Corporation | $55M | 1.8% | +60.9% | 9.5 yr |
| MINTPIMCO Enhanced Short Mat | $55M | 1.8% | — | 7.5 yr |
| IWPiShares Russell Mid-Cap | $41M | 1.3% | — | 8.3 yr |
| AMZNAmazon.com, Inc. | $41M | 1.3% | +9.5% | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management52.5%-5.8pp$1.63B
Asset Management - Bonds9.2%-5.3pp$286M
Semiconductors4.5%+2.3pp$141M
Asset Management - Income2.4%-1.3pp$74M
Internet Content & Information2.3%+0.5pp$70M
Consumer Electronics2.1%-1.1pp$66M
Asset Management - Leveraged1.8%-1.5pp$56M
Software - Infrastructure1.6%+0.2pp$49M
Specialty Retail1.5%+0.1pp$47M
Drug Manufacturers - General1.0%+0.5pp$31M
Country
US97.5%-1.3pp
Unknown0.8%+0.6pp
IE0.4%+0.3pp
GB0.4%+0.2pp
CA0.4%-0.3pp
CH0.1%
BM0.1%
SG0.1%
Top 5: 15.4% · Top 10: 25.7% · Top 25: 44.3%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $22M | +0.01B | 60.9% |
| AAPL | $49M | +0.01B | 14.7% |
| AMZN | $22M | +0.00B | 9.5% |
| MSFT | $19M | -0.00B | -0.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $19M | -0.00B | -0.6% |
Top buys this quarter · 15
| AVGO Broadcom Inc. | +$4M |
| UBER Uber Technologies, Inc. | +$4M |
| TMO Thermo Fisher Scientific Inc. | +$3M |
| GH Guardant Health, Inc.new | +$3M |
| MU Micron Technology, Inc. | +$2M |
| APH Amphenol Corporation | +$2M |
| V Visa Inc. | +$2M |
| LLY Eli Lilly and Company | +$2M |
| ICE Intercontinental Exchange, Inc | +$2M |
| PANW Palo Alto Networks, Inc. | +$2M |
Top sells this quarter · 15
| EXAS Exact Sciences Corporationexit | −$4M |
| BSX Boston Scientific Corporation | −$2M |
| NVT nVent Electric plc | −$2M |
| HON Honeywell International Inc. | −$2M |
| LXU LSB Industries, Inc. | −$2M |
| MSFT Microsoft Corporation | −$2M |
| ADSK Autodesk, Inc. | −$1M |
| ALB Albemarle Corporation | −$1M |
| BSY Bentley Systems, Incorporatedexit | −$1M |
| AQN Algonquin Power & Utilities Co | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.10B | 970 | +33.31% | +17.59% | +15.72% | +0.21B |
| 2025-12-31 | $2.94B | 918 | +26.55% | +17.72% | +8.83% | +0.19B |
| 2025-09-30 | $2.66B | 859 | +30.51% | +17.52% | +12.99% | +0.64B |
| 2025-06-30 | $1.74B | 251 | +19.91% | +14.94% | +4.97% | -0.00B |
| 2025-03-31 | $1.54B | 222 | +12.41% | +8.30% | +4.11% | +0.14B |
| 2024-12-31 | $1.50B | 221 | +25.47% | +24.89% | +0.58% | -0.05B |
| 2024-09-30 | $1.45B | 213 | +31.73% | +36.04% | -4.30% | +0.01B |
| 2024-06-30 | $1.35B | 220 | +18.41% | +24.49% | -6.08% | -0.03B |
| 2024-03-31 | $1.30B | 217 | +17.35% | +29.62% | -12.28% | +0.08B |
| 2023-12-31 | $1.17B | 197 | +25.09% | +26.18% | -1.08% | -0.05B |
| 2023-09-30 | $1.09B | 203 | +15.05% | +21.57% | -6.51% | +0.03B |
| 2023-06-30 | $1.11B | 203 | +16.59% | +19.42% | -2.83% | -0.14B |
| 2023-03-31 | $1.19B | 402 | -9.46% | -7.82% | -1.64% | +0.02B |
| 2022-12-31 | $1.05B | 384 | -22.26% | -18.17% | -4.09% | +0.19B |
| 2022-09-30 | $838M | 309 | -16.01% | -15.51% | -0.50% | +0.00B |
| 2022-06-30 | $861M | 309 | -12.99% | -10.62% | -2.37% | +0.06B |