Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.16%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.24%
steady accumulation
Rally response
+5.09%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VUGVanguard Growth ETF | $454M | 5.6% | — | 12.3 yr |
| VTVVanguard Value ETF | $427M | 5.3% | — | 12.3 yr |
| IWFiShares Russell 1000 Gro | $278M | 3.4% | — | 12.3 yr |
| AAPLApple Inc. | $234M | 2.9% | +14.7% | 12.3 yr |
| IEFAiShares Core MSCI EAFE E | $199M | 2.5% | — | 7.3 yr |
| BNDVanguard Total Bond Mark | $180M | 2.2% | — | 10.0 yr |
| VBRVanguard Small-Cap Value | $179M | 2.2% | — | 12.3 yr |
| VWOVanguard FTSE Emerging M | $175M | 2.2% | — | 12.3 yr |
| VOOVanguard S&P 500 ETF | $167M | 2.1% | — | 11.0 yr |
| VBKVanguard Small-Cap Growt | $161M | 2.0% | — | 12.3 yr |
| NVDANVIDIA Corporation | $159M | 2.0% | +60.9% | 9.0 yr |
| MSFTMicrosoft Corporation | $115M | 1.4% | -0.6% | 12.3 yr |
| BACBank of America Corporat | $96M | 1.2% | +19.4% | 12.3 yr |
| IVViShares Core S&P 500 ETF | $91M | 1.1% | — | 12.3 yr |
| SPYState Street SPDR S&P 50 | $91M | 1.1% | +17.6% | 12.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management56.4%+1.3pp$4.58B
Asset Management - Bonds4.2%+2.0pp$340M
Semiconductors3.9%+1.1pp$313M
Consumer Electronics2.9%-0.3pp$236M
Banks - Diversified2.4%-0.5pp$192M
Internet Content & Information2.3%+0.4pp$184M
Software - Infrastructure2.0%-0.3pp$164M
Drug Manufacturers - General1.8%-0.0pp$143M
Insurance - Diversified1.4%-0.5pp$118M
Specialty Retail1.3%-0.2pp$106M
Country
US96.8%+0.1pp
GB0.6%+0.0pp
IE0.4%-0.1pp
CA0.4%+0.1pp
Unknown0.3%-0.0pp
CH0.2%+0.0pp
NL0.2%+0.1pp
TW0.2%+0.1pp
Top 5: 19.6% · Top 10: 30.2% · Top 25: 46.7%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $94M | +0.06B | 60.9% |
| SPY | $69M | +0.03B | 17.6% |
| AAPL | $206M | +0.03B | 14.7% |
| GOOG | $31M | +0.03B | 84.3% |
| BAC | $103M | +0.02B | 19.4% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $112M | -0.00B | -0.6% |
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$11M |
| AZN AstraZeneca PLCnew | +$4M |
| CLMB Climb Global Solutions, Inc. | +$5M |
| NVDA NVIDIA Corporation | +$159M |
| SMA Smartstop Self Storage REIT In | +$3M |
| TSLA Tesla, Inc. | +$33M |
| AAPL Apple Inc. | +$234M |
| MU Micron Technology, Inc. | +$2M |
| GOOG Alphabet Inc. | +$61M |
| NFLX Netflix, Inc. | +$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $8.12B | 1579 | +15.59% | +17.59% | -2.01% | +0.60B |
| 2025-12-31 | $7.83B | 1543 | +15.66% | +17.72% | -2.05% | +0.01B |
| 2025-09-30 | $7.65B | 1537 | +15.20% | +17.52% | -2.31% | -0.05B |
| 2025-06-30 | $7.15B | 1497 | +14.38% | +14.94% | -0.56% | +0.12B |
| 2025-03-31 | $6.43B | 1414 | +5.04% | +8.30% | -3.27% | -0.24B |
| 2024-12-31 | $6.94B | 1541 | +15.12% | +24.89% | -9.77% | +0.02B |
| 2024-09-30 | $6.80B | 1564 | +26.13% | +36.04% | -9.91% | +0.44B |
| 2024-06-30 | $5.95B | 1452 | +10.22% | +24.49% | -14.28% | +2.04B |
| 2024-03-31 | $3.89B | 662 | +13.97% | +29.62% | -15.65% | +0.01B |
| 2023-12-31 | $3.68B | 621 | +10.00% | +26.18% | -16.18% | +0.53B |
| 2023-09-30 | $2.82B | 460 | +4.72% | +21.57% | -16.84% | +0.09B |
| 2023-06-30 | $2.93B | 468 | +4.85% | +19.42% | -14.57% | -0.02B |
| 2023-03-31 | $2.83B | 477 | -15.50% | -7.82% | -7.68% | +0.78B |
| 2022-12-31 | $2.02B | 237 | -20.73% | -18.17% | -2.56% | +0.18B |
| 2022-09-30 | $1.73B | 211 | -17.00% | -15.51% | -1.50% | +0.06B |
| 2022-06-30 | $1.79B | 216 | -10.78% | -10.62% | -0.16% | +0.13B |