Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.20%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.26%
baseline attrition
Rally response
-1.18%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ORLYO'Reilly Automotive, Inc | $143M | 9.6% | -3.4% | 10.3 yr |
| NVDANVIDIA Corporation | $55M | 3.7% | +60.9% | 7.3 yr |
| SPYState Street SPDR S&P 50 | $47M | 3.1% | +17.6% | 10.3 yr |
| MSFTMicrosoft Corporation | $37M | 2.5% | -0.6% | 10.3 yr |
| AAPLApple Inc. | $33M | 2.2% | +14.7% | 10.3 yr |
| IWFiShares Russell 1000 Gro | $32M | 2.1% | — | 9.3 yr |
| GOOGLAlphabet Inc. | $28M | 1.9% | — | 10.3 yr |
| WMTWalmart Inc. | $27M | 1.8% | +42.8% | 10.3 yr |
| AMZNAmazon.com, Inc. | $26M | 1.7% | +9.5% | 10.3 yr |
| SFNCSimmons First National C | $26M | 1.7% | -0.9% | 10.3 yr |
| VEAVanguard FTSE Developed | $25M | 1.7% | — | 10.3 yr |
| HDViShares Core High Divide | $24M | 1.6% | — | 10.3 yr |
| IJRiShares Core S&P Small-C | $24M | 1.6% | — | 10.3 yr |
| VOVanguard Mid-Cap ETF | $21M | 1.4% | — | 10.3 yr |
| CATCaterpillar Inc. | $19M | 1.2% | +117.8% | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management29.4%-1.7pp$440M
Specialty Retail11.7%-1.5pp$174M
Semiconductors6.8%+2.1pp$101M
Drug Manufacturers - General4.1%+0.1pp$61M
Internet Content & Information3.5%+0.8pp$53M
Software - Infrastructure3.5%-0.8pp$52M
Oil & Gas Integrated2.9%+0.5pp$43M
Discount Stores2.6%+0.2pp$39M
Banks - Regional2.6%-0.5pp$39M
Regulated Electric2.4%+0.3pp$35M
Country
US97.3%+0.2pp
GB0.8%+0.1pp
IE0.5%-0.1pp
CA0.4%+0.1pp
SG0.3%+0.2pp
NL0.3%+0.1pp
CH0.2%-0.1pp
AU0.2%+0.1pp
Top 5: 21.1% · Top 10: 30.3% · Top 25: 49.0%
Top buys this quarter · 15
| NFLX Netflix, Inc. | +$3M |
| EQT EQT Corporationnew | +$2M |
| NOC Northrop Grumman Corporation | +$2M |
| ETN Eaton Corporation plc | +$2M |
| PHM PulteGroup, Inc.new | +$2M |
| MSFT Microsoft Corporation | +$37M |
| MPWR Monolithic Power Systems, Inc.new | +$1M |
| SNDK Sandisk Corporationnew | +$1M |
| AMAT Applied Materials, Inc. | +$1M |
| HWM Howmet Aerospace Inc.new | +$1M |
Top sells this quarter · 15
| FTNT Fortinet, Inc. | −$3M |
| CRM Salesforce, Inc. | −$3M |
| SPY State Street SPDR S&P 500 ETF | −$3M |
| ADSK Autodesk, Inc.exit | −$3M |
| ACN Accenture plc | −$2M |
| SFNC Simmons First National Corpora | −$2M |
| GSBC Great Southern Bancorp, Inc. | −$2M |
| ADBE Adobe Inc. | −$2M |
| CAT Caterpillar Inc. | −$16M |
| XOM Exxon Mobil Corporation | −$14M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.49B | 343 | +17.51% | +17.59% | -0.08% | -0.01B |
| 2025-12-31 | $1.50B | 327 | +14.63% | +17.72% | -3.09% | +0.01B |
| 2025-09-30 | $1.50B | 328 | +16.04% | +17.52% | -1.47% | -0.02B |
| 2025-06-30 | $1.40B | 334 | +14.11% | +14.94% | -0.83% | -0.04B |
| 2025-03-31 | $1.33B | 327 | +5.42% | +8.30% | -2.89% | -0.01B |
| 2024-12-31 | $1.37B | 331 | +16.40% | +24.89% | -8.49% | -0.02B |
| 2024-09-30 | $1.38B | 335 | +28.12% | +36.04% | -7.92% | -0.03B |
| 2024-06-30 | $1.32B | 328 | +16.88% | +24.49% | -7.61% | -0.02B |
| 2024-03-31 | $1.33B | 334 | +21.85% | +29.62% | -7.77% | +0.01B |
| 2023-12-31 | $1.22B | 331 | +14.52% | +26.18% | -11.66% | -0.02B |
| 2023-09-30 | $1.13B | 318 | +15.67% | +21.57% | -5.90% | -0.03B |
| 2023-06-30 | $1.19B | 327 | +13.41% | +19.42% | -6.02% | -0.04B |
| 2023-03-31 | $1.17B | 333 | -5.13% | -7.82% | +2.69% | -0.01B |
| 2022-12-31 | $1.16B | 338 | -11.02% | -18.17% | +7.16% | -0.03B |
| 2022-09-30 | $1.07B | 334 | -11.23% | -15.51% | +4.28% | -0.02B |
| 2022-06-30 | $1.14B | 347 | -6.43% | -10.62% | +4.19% | -0.03B |