Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.94%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.61%
steady accumulation
Rally response
-0.75%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPSBState Street SPDR Portfo | $19M | 8.4% | — | 2.5 yr |
| SPYGState Street SPDR Portfo | $18M | 8.0% | — | 5.0 yr |
| SPYVState Street SPDR Portfo | $18M | 8.0% | — | 5.0 yr |
| SPDWState Street SPDR Portfo | $13M | 5.6% | — | 5.0 yr |
| SCHMSchwab U.S. Mid-Cap ETF | $12M | 5.5% | — | 5.0 yr |
| SPHYState Street SPDR Portfo | $11M | 5.1% | — | 2.5 yr |
| SRLNState Street Blackstone | $11M | 4.9% | — | 1.3 yr |
| VGSHVanguard Short-Term Trea | $11M | 4.7% | — | 3.8 yr |
| XLKState Street Technology | $8M | 3.6% | — | 5.0 yr |
| SCHASchwab U.S. Small-Cap ET | $8M | 3.5% | — | 5.0 yr |
| SPEMState Street SPDR Portfo | $5M | 2.1% | — | 5.8 yr |
| SCHPSchwab U.S. TIPS ETF | $5M | 2.1% | — | 5.0 yr |
| SPMBState Street SPDR Portfo | $5M | 2.1% | — | 1.3 yr |
| XLFState Street Financial S | $5M | 2.0% | — | 5.0 yr |
| VCLTVanguard Long-Term Corpo | $4M | 1.9% | — | 3.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management62.0%-1.2pp$140M
Asset Management - Bonds23.5%-0.5pp$53M
Asset Management - Leveraged5.0%-1.4pp$11M
Asset Management - Global1.3%+0.0pp$3M
Software - Infrastructure0.7%+0.6pp$2M
Regulated Electric0.6%+0.1pp$1M
Unknown0.6%+0.3pp$1M
Asset Management - Income0.6%-0.4pp$1M
Semiconductors0.6%+0.3pp$1M
Consumer Electronics0.6%+0.2pp$1M
Country
US99.2%-0.4pp
Unknown0.6%+0.3pp
CA0.1%+0.0pp
IE0.0%+0.0pp
NL0.0%+0.0pp
SG0.0%
CH0.0%+0.0pp
CN0.0%
Top 5: 35.6% · Top 10: 57.3% · Top 25: 81.5%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$1M |
| AAPL Apple Inc. | +$0M |
| NVDA NVIDIA Corporation | +$0M |
| NFLX Netflix, Inc. | +$0M |
| TSLA Tesla, Inc. | +$0M |
| META Meta Platforms, Inc. | +$0M |
| SPY State Street SPDR S&P 500 ETF | +$0M |
| GE GE Aerospace | +$0M |
| MA Mastercard Incorporated | +$0M |
| GOOG Alphabet Inc. | +$0M |
Top sells this quarter · 15
| TSM Taiwan Semiconductor Manufactuexit | −$0M |
| DLR Digital Realty Trust, Inc.exit | −$0M |
| VZ Verizon Communications Inc. | −$0M |
| MO Altria Group, Inc.exit | −$0M |
| PEP PepsiCo, Inc. | −$0M |
| PONY Pony AI Inc. American Depositaexit | −$0M |
| DELL Dell Technologies Inc. | −$0M |
| PFE Pfizer Inc. | −$0M |
| BMY Bristol-Myers Squibb Companyexit | −$0M |
| AMZN Amazon.com, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $226M | 375 | +11.50% | +17.59% | -6.09% | +0.02B |
| 2025-12-31 | $220M | 360 | +13.29% | +17.72% | -4.43% | +0.01B |
| 2025-09-30 | $210M | 351 | +12.07% | +17.52% | -5.44% | +0.00B |
| 2025-06-30 | $189M | 315 | +9.23% | +14.94% | -5.71% | +0.00B |
| 2025-03-31 | $179M | 292 | +8.97% | +8.30% | +0.67% | +0.01B |
| 2024-12-31 | $178M | 251 | +20.23% | +24.89% | -4.66% | +0.01B |
| 2024-09-30 | $168M | 266 | +34.28% | +36.04% | -1.75% | -0.00B |
| 2024-06-30 | $158M | 261 | +19.10% | +24.49% | -5.39% | -0.00B |
| 2024-03-31 | $156M | 257 | +26.51% | +29.62% | -3.11% | +0.00B |
| 2023-12-31 | $142M | 55 | +20.49% | +26.18% | -5.68% | +0.01B |
| 2023-09-30 | $121M | 48 | +9.26% | +21.57% | -12.31% | +0.01B |
| 2023-06-30 | $119M | 48 | +13.95% | +19.42% | -5.48% | -0.01B |
| 2023-03-31 | $113M | 50 | -8.33% | -7.82% | -0.52% | -0.00B |
| 2022-12-31 | $112M | 51 | +1.37% | +7.56% | -6.19% | +0.00B |
| 2022-09-30 | $108M | 57 | -0.53% | -4.93% | +4.40% | -0.02B |
| 2022-06-30 | $126M | 54 | -11.42% | -16.11% | +4.69% | -0.01B |