Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.14%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.26%
steady accumulation
Rally response
-1.20%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPLGSPDR Portfolio S&P 500 E | $348M | 6.8% | — | 8.0 yr |
| SPTMState Street SPDR Portfo | $205M | 4.0% | — | 8.0 yr |
| VTIVanguard Total Stock Mar | $132M | 2.6% | — | 10.0 yr |
| STIPiShares 0-5 Year TIPS Bo | $125M | 2.4% | — | 4.5 yr |
| SPYState Street SPDR S&P 50 | $110M | 2.1% | +17.6% | 10.0 yr |
| IEFiShares 7-10 Year Treasu | $102M | 2.0% | — | 10.0 yr |
| SPSMState Street SPDR Portfo | $85M | 1.7% | — | 8.3 yr |
| SPABState Street SPDR Portfo | $77M | 1.5% | — | 6.3 yr |
| SPMDState Street SPDR Portfo | $70M | 1.4% | — | 7.3 yr |
| FBNDFidelity Total Bond ETF | $70M | 1.4% | — | 3.8 yr |
| NVDANVIDIA Corporation | $69M | 1.3% | +60.9% | 8.8 yr |
| AAPLApple Inc. | $67M | 1.3% | +14.7% | 10.0 yr |
| SPDWState Street SPDR Portfo | $63M | 1.2% | — | 8.8 yr |
| VOOVanguard S&P 500 ETF | $61M | 1.2% | — | 10.0 yr |
| VYMVanguard High Dividend Y | $59M | 1.1% | — | 9.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management69.4%-0.6pp$3.57B
Asset Management - Bonds8.6%+1.1pp$441M
Asset Management - Income2.9%+0.3pp$149M
Semiconductors2.4%+0.4pp$122M
Consumer Electronics1.3%+0.0pp$67M
Drug Manufacturers - General1.1%-0.1pp$56M
Software - Infrastructure1.0%-0.3pp$54M
Internet Content & Information0.8%+0.2pp$43M
Asset Management - Leveraged0.8%-0.4pp$40M
Specialty Retail0.6%+0.0pp$31M
Country
US98.3%-0.4pp
CA0.7%+0.2pp
Unknown0.4%+0.2pp
IE0.2%+0.0pp
GB0.1%+0.0pp
CH0.1%-0.0pp
TW0.0%+0.0pp
BM0.0%+0.0pp
Top 5: 17.9% · Top 10: 25.7% · Top 25: 40.9%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $45M | +0.03B | 60.9% |
| SPY | $97M | +0.02B | 17.6% |
| AAPL | $48M | +0.01B | 14.7% |
| MSFT | $34M | -0.00B | -0.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $34M | -0.00B | -0.6% |
Top buys this quarter · 15
| HD The Home Depot, Inc. | +$3M |
| AZN AstraZeneca PLCnew | +$2M |
| AMZN Amazon.com, Inc. | +$26M |
| HBAN Huntington Bancshares Incorpor | +$1M |
| RBLX Roblox Corporation | +$1M |
| TSLA Tesla, Inc. | +$15M |
| MO Altria Group, Inc. | +$1M |
| NEE NextEra Energy, Inc. | +$1M |
| META Meta Platforms, Inc. | +$11M |
| GILD Gilead Sciences, Inc. | +$1M |
Top sells this quarter · 15
| JNJ Johnson & Johnson | −$8M |
| NVDA NVIDIA Corporation | −$5M |
| WMT Walmart Inc. | −$4M |
| TJX The TJX Companies, Inc. | −$4M |
| ABBV AbbVie Inc. | −$4M |
| ORCL Oracle Corporation | −$4M |
| STT State Street Corporationexit | −$3M |
| TLSI TriSalus Life Sciences, Inc.exit | −$3M |
| XOM Exxon Mobil Corporation | −$15M |
| SPY State Street SPDR S&P 500 ETF | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $5.14B | 1067 | +19.73% | +17.59% | +2.13% | +0.21B |
| 2025-12-31 | $5.09B | 1062 | +18.03% | +17.72% | +0.31% | +0.19B |
| 2025-09-30 | $4.80B | 1011 | +18.58% | +17.52% | +1.06% | +0.05B |
| 2025-06-30 | $4.38B | 962 | +16.26% | +14.94% | +1.32% | +0.22B |
| 2025-03-31 | $3.72B | 897 | +6.31% | +8.30% | -1.99% | +0.29B |
| 2024-12-31 | $3.60B | 882 | +21.10% | +24.89% | -3.78% | +0.00B |
| 2024-09-30 | $3.50B | 865 | +31.49% | +36.04% | -4.55% | +0.10B |
| 2024-06-30 | $3.20B | 816 | +19.00% | +24.49% | -5.49% | +0.09B |
| 2024-03-31 | $3.05B | 793 | +24.45% | +29.62% | -5.17% | +0.31B |
| 2023-12-31 | $2.51B | 739 | +20.73% | +26.18% | -5.45% | +0.09B |
| 2023-09-30 | $2.18B | 693 | +17.36% | +21.57% | -4.20% | +0.03B |
| 2023-06-30 | $2.23B | 712 | +16.30% | +19.42% | -3.12% | -0.25B |
| 2023-03-31 | $2.32B | 688 | -6.77% | -7.82% | +1.04% | +0.11B |
| 2022-12-31 | $2.09B | 692 | -15.74% | -18.17% | +2.43% | +0.19B |
| 2022-09-30 | $1.75B | 600 | -13.59% | -15.51% | +1.91% | +0.18B |
| 2022-06-30 | $1.65B | 562 | -8.85% | -10.62% | +1.77% | +0.24B |