Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+9.43%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.99%
baseline attrition
Rally response
-7.86%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOVTiShares U.S. Treasury Bo | $240M | 14.9% | — | 3.0 yr |
| MSFTMicrosoft Corporation | $53M | 3.3% | -0.6% | 4.5 yr |
| VTIVanguard Total Stock Mar | $53M | 3.3% | — | 6.3 yr |
| AAPLApple Inc. | $51M | 3.2% | +14.7% | 4.5 yr |
| GOOGLAlphabet Inc. | $43M | 2.6% | — | 4.5 yr |
| NVDANVIDIA Corporation | $40M | 2.5% | +60.9% | 3.0 yr |
| SCHOSchwab Short-Term U.S. T | $39M | 2.4% | — | 7.0 yr |
| BNDXVanguard Total Internati | $38M | 2.4% | — | 1.0 yr |
| SPSMState Street SPDR Portfo | $37M | 2.3% | — | 1.5 yr |
| FNDESchwab Fundamental Emerg | $28M | 1.7% | — | 7.5 yr |
| FTECFidelity MSCI Informatio | $25M | 1.5% | — | 1.8 yr |
| SLYVState Street SPDR S&P 60 | $24M | 1.5% | — | 0.8 yr |
| METAMeta Platforms, Inc. | $22M | 1.3% | -0.4% | 4.5 yr |
| KXIiShares Global Consumer | $17M | 1.1% | — | 2.5 yr |
| VOXVanguard Communication S | $17M | 1.1% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management34.7%-26.2pp$561M
Semiconductors6.4%+3.0pp$104M
Internet Content & Information4.1%-2.8pp$66M
Software - Infrastructure3.6%-1.0pp$58M
Consumer Electronics3.2%-1.7pp$51M
Asset Management - Leveraged2.8%-1.9pp$45M
Drug Manufacturers - General2.6%+2.3pp$42M
Asset Management - Bonds2.4%-4.0pp$38M
Financial - Credit Services2.1%+2.1pp$35M
Industrial - Machinery1.8%$29M
Country
US95.5%-3.8pp
CA0.9%
IE0.7%+0.6pp
TW0.7%
Unknown0.5%+0.5pp
FR0.4%
GB0.3%
CN0.3%+0.2pp
Top 5: 27.3% · Top 10: 38.6% · Top 25: 52.9%
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$53M |
| CSCO Cisco Systems, Inc. | +$9M |
| AVGO Broadcom Inc. | +$5M |
| CTSH Cognizant Technology Solutions | +$5M |
| APA APA Corporationnew | +$5M |
| EBAY eBay Inc. | +$4M |
| OTIS Otis Worldwide Corporation | +$4M |
| RJF Raymond James Financial, Inc. | +$3M |
| LYB LyondellBasell Industries N.V.new | +$3M |
| HPQ HP Inc. | +$3M |
Top sells this quarter · 15
| ORCL Oracle Corporationexit | −$9M |
| AMAT Applied Materials, Inc. | −$7M |
| APH Amphenol Corporation | −$7M |
| HD The Home Depot, Inc.exit | −$7M |
| OMC Omnicom Group Inc. | −$6M |
| NOC Northrop Grumman Corporation | −$5M |
| ABEV Ambev S.A.exit | −$5M |
| CHKP Check Point Software Technologexit | −$4M |
| EMR Emerson Electric Co. | −$4M |
| MCO Moody's Corporation | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.62B | 315 | +20.49% | +17.59% | +2.90% | -0.04B |
| 2025-12-31 | $1.69B | 327 | +18.32% | +17.72% | +0.61% | -1.05B |
| 2025-09-30 | $2.72B | 469 | +22.43% | +17.52% | +4.91% | +1.51B |
| 2025-06-30 | $1.14B | 204 | +23.49% | +14.94% | +8.55% | -0.07B |
| 2025-03-31 | $1.05B | 70 | +10.87% | +8.30% | +2.56% | -0.05B |
| 2024-12-31 | $1.15B | 211 | +28.53% | +24.89% | +3.64% | +0.09B |
| 2024-09-30 | $1.01B | 213 | +38.39% | +36.04% | +2.35% | -0.01B |
| 2024-06-30 | $957M | 195 | +26.55% | +24.49% | +2.06% | +0.00B |
| 2024-03-31 | $922M | 200 | +38.15% | +29.62% | +8.53% | -0.05B |
| 2023-12-31 | $870M | 198 | +46.49% | +26.18% | +20.31% | +0.00B |
| 2023-09-30 | $772M | 166 | +31.20% | +21.57% | +9.63% | +0.04B |
| 2023-06-30 | $753M | 174 | +34.09% | +19.42% | +14.67% | -0.01B |
| 2023-03-31 | $680M | 87 | +5.67% | -7.82% | +13.49% | -0.02B |
| 2022-12-31 | $592M | 86 | +0.91% | +7.56% | -6.65% | +0.06B |
| 2022-09-30 | $528M | 42 | -0.24% | -4.93% | +4.69% | +0.00B |
| 2022-06-30 | $526M | 42 | -11.07% | -16.11% | +5.04% | +0.04B |