Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.83%
trims when stocks drop
when a holding falls −10%+
Middle response
-7.92%
baseline attrition
Rally response
+1.10%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $9M | 3.9% | +14.7% | 10.5 yr |
| DGROiShares Core Dividend Gr | $8M | 3.4% | — | 7.3 yr |
| PCQPIMCO California Municip | $7M | 3.2% | — | 1.8 yr |
| — | $6M | 2.6% | — | 9.0 yr |
| XFLTXAI Octagon Floating Rat | $6M | 2.5% | — | 0.3 yr |
| FSCOFS Credit Opportunities | $6M | 2.5% | -19.2% | 2.0 yr |
| — | $6M | 2.4% | — | 0.3 yr |
| TWNThe Taiwan Fund, Inc. | $6M | 2.4% | — | 8.8 yr |
| MSFTMicrosoft Corporation | $5M | 2.3% | -0.6% | 10.5 yr |
| MXFThe Mexico Fund, Inc. | $4M | 1.8% | — | 7.5 yr |
| PNIPIMCO New York Municipal | $4M | 1.8% | — | 2.0 yr |
| NXDTNexPoint Diversified Rea | $4M | 1.8% | — | 8.0 yr |
| LRCXLam Research Corporation | $4M | 1.8% | +196.1% | 1.5 yr |
| — | $4M | 1.8% | — | 0.5 yr |
| BIGZBlackrock Innovation & G | $4M | 1.7% | — | 4.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management39.1%-5.4pp$91M
Asset Management - Income17.9%+4.8pp$42M
Unknown6.9%+4.1pp$16M
Asset Management - Global4.8%+0.8pp$11M
Semiconductors4.0%+1.3pp$9M
Consumer Electronics3.9%-0.7pp$9M
Internet Content & Information3.1%+0.9pp$7M
Software - Infrastructure2.5%-1.0pp$6M
Specialty Retail1.7%-0.2pp$4M
Industrial - Machinery1.5%+0.2pp$3M
Country
US82.5%-3.2pp
Unknown6.9%+4.1pp
HK2.4%+1.1pp
MX1.8%+0.3pp
SG1.7%-0.1pp
IE1.5%-0.1pp
DE1.1%-0.1pp
GB0.8%-1.1pp
Top 5: 15.6% · Top 10: 27.0% · Top 25: 51.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $6M | -0.00B | -0.6% |
Top buys this quarter · 15
| FSCO FS Credit Opportunities Corp. | +$1M |
| GEV GE Vernova Inc. | +$1M |
| BABA Alibaba Group Holding Limitednew | +$1M |
| VST Vistra Corp.new | +$1M |
| SOFI SoFi Technologies, Inc. | +$1M |
| BE Bloom Energy Corporationnew | +$0M |
| FULC Fulcrum Therapeutics, Inc. | +$0M |
| ASML ASML Holding N.V. | +$0M |
| SPRY ARS Pharmaceuticals, Inc. | +$1M |
| GOOG Alphabet Inc. | +$2M |
Top sells this quarter · 15
| LEO BNY Mellon Strategic Municipalexit | −$1M |
| SFM Sprouts Farmers Market, Inc. | −$0M |
| AIR AAR Corp. | −$0M |
| PLTR Palantir Technologies Inc. | −$0M |
| OKLO Oklo Inc.exit | −$0M |
| UNH UnitedHealth Group Incorporateexit | −$0M |
| BA The Boeing Companyexit | −$0M |
| SCHW The Charles Schwab Corporationexit | −$0M |
| ISRG Intuitive Surgical, Inc.exit | −$0M |
| AAPL Apple Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $233M | 162 | +19.60% | +17.59% | +2.00% | +0.02B |
| 2025-12-31 | $223M | 165 | +18.04% | +17.72% | +0.32% | -0.00B |
| 2025-09-30 | $222M | 163 | +18.90% | +17.52% | +1.39% | -0.01B |
| 2025-06-30 | $212M | 168 | +18.01% | +14.94% | +3.06% | -0.00B |
| 2025-03-31 | $190M | 165 | +10.65% | +8.30% | +2.34% | +0.00B |
| 2024-12-31 | $197M | 169 | +23.07% | +24.89% | -1.82% | -0.02B |
| 2024-09-30 | $206M | 176 | +32.06% | +36.04% | -3.98% | -0.01B |
| 2024-06-30 | $202M | 181 | +19.88% | +24.49% | -4.61% | -0.02B |
| 2024-03-31 | $208M | 190 | +25.11% | +29.62% | -4.51% | +0.01B |
| 2023-12-31 | $188M | 196 | +32.08% | +26.18% | +5.90% | +0.03B |
| 2023-09-30 | $142M | 169 | +18.60% | +21.57% | -2.97% | -0.01B |
| 2023-06-30 | $161M | 169 | +16.94% | +19.42% | -2.48% | -0.01B |
| 2023-03-31 | $155M | 175 | -11.52% | -7.82% | -3.71% | +0.03B |
| 2022-12-31 | $113M | 131 | -24.18% | -18.17% | -6.00% | +0.03B |
| 2022-09-30 | $79M | 84 | -4.36% | -4.93% | +0.57% | -0.02B |
| 2022-06-30 | $105M | 124 | -16.75% | -16.11% | -0.64% | +0.02B |