Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-6.14%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.20%
baseline attrition
Rally response
-5.55%
trims into rallies
when a holding rises +10%+
Top positions · 20
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTIVanguard Total Stock Mar | $103M | 27.3% | — | 8.5 yr |
| OTFBlue Owl Technology Fina | $73M | 19.4% | — | 1.0 yr |
| VTHRVanguard Russell 3000 ET | $59M | 15.7% | — | 5.8 yr |
| VEAVanguard FTSE Developed | $49M | 13.1% | — | 8.5 yr |
| VGITVanguard Intermediate-Te | $46M | 12.2% | — | 2.5 yr |
| VWOVanguard FTSE Emerging M | $11M | 3.0% | — | 8.5 yr |
| CVBFCVB Financial Corp. | $8M | 2.1% | +8.4% | 7.8 yr |
| VCSHVanguard Short-Term Corp | $7M | 1.9% | — | 8.5 yr |
| SPYState Street SPDR S&P 50 | $7M | 1.9% | +17.6% | 8.5 yr |
| VNQVanguard Real Estate ETF | $6M | 1.6% | — | 8.5 yr |
| EEMiShares MSCI Emerging Ma | $2M | 0.6% | — | 8.5 yr |
| CGBDCarlyle Secured Lending, | $2M | 0.6% | -25.8% | 1.0 yr |
| BBDCBarings BDC, Inc. | $1M | 0.3% | -2.3% | 7.0 yr |
| CVNACarvana Co. | $1M | 0.2% | +50.4% | 1.0 yr |
| TOSTToast, Inc. | $0M | 0.1% | -20.1% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management95.4%+8.7pp$360M
Banks - Regional2.1%+0.1pp$8M
Asset Management - Bonds1.9%-0.2pp$7M
Financial - Credit Services0.3%-0.0pp$1M
Auto - Dealerships0.2%$1M
Software - Infrastructure0.1%+0.0pp$0M
Banks - Diversified0.0%+0.0pp$0M
Medical - Healthcare Plans0.0%-0.0pp$0M
Country
US100.0%-0.0pp
BR0.0%+0.0pp
Top 5: 87.7% · Top 10: 98.1% · Top 25: 100.0%
Top buys this quarter · 0
No buys this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $377M | 20 | -15.08% | +17.59% | -32.67% | -0.04B |
| 2025-12-31 | $476M | 22 | -3.75% | +17.72% | -21.47% | -0.03B |
| 2025-09-30 | $475M | 22 | -5.15% | +17.52% | -22.67% | +0.01B |
| 2025-06-30 | $486M | 24 | -1.02% | +14.94% | -15.97% | +0.12B |
| 2025-03-31 | $383M | 23 | +4.88% | +8.30% | -3.42% | -0.02B |
| 2024-12-31 | $409M | 19 | +9.43% | +24.89% | -15.46% | -0.05B |
| 2024-09-30 | $432M | 23 | +10.95% | +36.04% | -25.09% | -0.03B |
| 2024-06-30 | $467M | 26 | +18.85% | +24.49% | -5.64% | +0.09B |
| 2024-03-31 | $371M | 25 | +25.36% | +29.62% | -4.27% | +0.01B |
| 2023-12-31 | $350M | 23 | +19.14% | +26.18% | -7.04% | +0.02B |
| 2023-09-30 | $305M | 26 | +24.90% | +21.57% | +3.34% | -0.02B |
| 2023-06-30 | $305M | 26 | +10.12% | +19.42% | -9.31% | -0.03B |
| 2023-03-31 | $313M | 26 | -9.05% | -7.82% | -1.23% | -0.04B |
| 2022-12-31 | $355M | 26 | -11.55% | -18.17% | +6.62% | +0.02B |
| 2022-09-30 | $296M | 25 | -12.32% | -15.51% | +3.19% | +0.01B |
| 2022-06-30 | $310M | 25 | -5.97% | -10.62% | +4.65% | -0.03B |