Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-11.43%
trims when stocks drop
when a holding falls −10%+
Middle response
+5.26%
steady accumulation
Rally response
+2.10%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IEFAiShares Core MSCI EAFE E | $111M | 5.0% | — | 10.5 yr |
| VOOVanguard S&P 500 ETF | $93M | 4.2% | — | 8.5 yr |
| IEMGiShares Core MSCI Emergi | $85M | 3.8% | — | 8.3 yr |
| IUSViShares Core S&P U.S. Va | $81M | 3.6% | — | 3.8 yr |
| AAPLApple Inc. | $60M | 2.7% | +14.7% | 10.5 yr |
| CGIECapital Group Internatio | $59M | 2.7% | — | 2.5 yr |
| NVDANVIDIA Corporation | $57M | 2.6% | +60.9% | 7.3 yr |
| GOOGLAlphabet Inc. | $55M | 2.5% | — | 10.3 yr |
| USHYiShares Broad USD High Y | $48M | 2.2% | — | 3.8 yr |
| MSFTMicrosoft Corporation | $45M | 2.0% | -0.6% | 10.5 yr |
| VTWOVanguard Russell 2000 ET | $43M | 1.9% | — | 5.5 yr |
| VCITVanguard Intermediate-Te | $41M | 1.8% | — | 4.3 yr |
| EMBiShares J.P. Morgan USD | $41M | 1.8% | — | 8.5 yr |
| IWMiShares Russell 2000 ETF | $35M | 1.6% | — | 8.0 yr |
| AVGOBroadcom Inc. | $35M | 1.6% | +86.0% | 4.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management42.6%-7.7pp$946M
Semiconductors9.4%+2.4pp$208M
Asset Management - Bonds5.2%+4.6pp$115M
Internet Content & Information3.3%+0.5pp$72M
Consumer Electronics2.7%+0.3pp$61M
Software - Infrastructure2.7%-0.2pp$60M
Drug Manufacturers - General2.7%+0.1pp$59M
Aerospace & Defense2.1%+0.1pp$46M
Oil & Gas Integrated1.9%+0.8pp$43M
Banks - Diversified1.7%+0.6pp$37M
Country
US95.4%-1.6pp
CA0.6%+0.3pp
GB0.5%+0.2pp
FR0.4%+0.4pp
TW0.4%+0.3pp
NL0.3%+0.0pp
IE0.3%-0.2pp
Unknown0.3%-0.0pp
Top 5: 19.4% · Top 10: 31.3% · Top 25: 52.5%
Top buys this quarter · 15
| DIS The Walt Disney Company | +$11M |
| SCHW The Charles Schwab Corporation | +$8M |
| PGR The Progressive Corporation | +$5M |
| COP ConocoPhillips | +$4M |
| QCOM QUALCOMM Incorporated | +$19M |
| HD The Home Depot, Inc. | +$4M |
| TXN Texas Instruments Incorporated | +$3M |
| V Visa Inc. | +$23M |
| AZN AstraZeneca PLCnew | +$3M |
| JPM JPMorgan Chase & Co. | +$3M |
Top sells this quarter · 15
| MU Micron Technology, Inc. | −$26M |
| META Meta Platforms, Inc. | −$10M |
| KLAC KLA Corporation | −$9M |
| AMAT Applied Materials, Inc. | −$4M |
| MLI Mueller Industries, Inc. | −$3M |
| CVX Chevron Corporation | −$12M |
| MRVL Marvell Technology, Inc.exit | −$2M |
| AVGO Broadcom Inc. | −$1M |
| UNH UnitedHealth Group Incorporate | −$1M |
| BTI British American Tobacco p.l.c | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.22B | 602 | +21.43% | +17.59% | +3.84% | +0.01B |
| 2025-12-31 | $2.25B | 582 | +19.10% | +17.72% | +1.38% | +0.02B |
| 2025-09-30 | $2.15B | 565 | +16.46% | +17.52% | -1.05% | -0.04B |
| 2025-06-30 | $2.02B | 534 | +15.37% | +14.94% | +0.43% | -0.09B |
| 2025-03-31 | $1.92B | 552 | +6.93% | +8.30% | -1.37% | -0.04B |
| 2024-12-31 | $2.03B | 1916 | +24.60% | +24.89% | -0.28% | +0.10B |
| 2024-09-30 | $1.91B | 1777 | +37.13% | +36.04% | +1.10% | +0.10B |
| 2024-06-30 | $1.69B | 1487 | +24.57% | +24.49% | +0.08% | +0.10B |
| 2024-03-31 | $1.56B | 1356 | +32.49% | +29.62% | +2.87% | -0.03B |
| 2023-12-31 | $1.41B | 1343 | +17.99% | +26.18% | -8.19% | -0.00B |
| 2023-09-30 | $1.27B | 1299 | +14.71% | +21.57% | -6.86% | +0.06B |
| 2023-06-30 | $1.24B | 1156 | +13.19% | +19.42% | -6.24% | -0.08B |
| 2023-03-31 | $1.22B | 1105 | -11.00% | -7.82% | -3.18% | +0.09B |
| 2022-12-31 | $1.13B | 325 | -14.99% | -18.17% | +3.18% | +0.01B |
| 2022-09-30 | $1.04B | 313 | -12.90% | -15.51% | +2.61% | -0.04B |
| 2022-06-30 | $1.12B | 314 | -8.97% | -10.62% | +1.66% | +0.01B |