Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.49%
trims when stocks drop
when a holding falls −10%+
Middle response
+2.66%
steady accumulation
Rally response
+1.65%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $698M | 12.6% | — | 9.5 yr |
| AAPLApple Inc. | $255M | 4.6% | +14.7% | 9.5 yr |
| NVDANVIDIA Corporation | $195M | 3.5% | +60.9% | 9.5 yr |
| ITOTiShares Core S&P Total U | $163M | 2.9% | — | 9.5 yr |
| CORTCorcept Therapeutics Inc | $160M | 2.9% | -64.7% | 7.0 yr |
| DYNFiShares U.S. Equity Fact | $124M | 2.2% | — | 6.0 yr |
| MSFTMicrosoft Corporation | $113M | 2.0% | -0.6% | 9.5 yr |
| GOOGAlphabet Inc. | $101M | 1.8% | +84.3% | 9.5 yr |
| GOOGLAlphabet Inc. | $96M | 1.7% | — | 9.5 yr |
| AMZNAmazon.com, Inc. | $85M | 1.5% | +9.5% | 9.5 yr |
| AVDEAvantis International Eq | $78M | 1.4% | — | 1.0 yr |
| CVBFCVB Financial Corp. | $71M | 1.3% | +8.4% | 9.5 yr |
| VVVanguard Large-Cap ETF | $63M | 1.1% | — | 9.5 yr |
| AVEMAvantis Emerging Markets | $61M | 1.1% | — | 0.8 yr |
| VFLOVictoryShares Free Cash | $61M | 1.1% | — | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management46.7%+3.2pp$2.59B
Semiconductors5.6%+1.8pp$310M
Consumer Electronics4.6%-0.1pp$256M
Internet Content & Information4.5%+1.1pp$247M
Asset Management - Bonds3.5%-0.0pp$192M
Software - Infrastructure3.4%-0.4pp$189M
Biotechnology3.2%-2.1pp$176M
Specialty Retail1.9%-0.1pp$106M
Drug Manufacturers - General1.9%-0.0pp$106M
Banks - Regional1.6%-0.2pp$90M
Country
US97.0%-0.1pp
IE0.4%-0.2pp
Unknown0.4%+0.1pp
CA0.3%+0.0pp
TW0.3%+0.2pp
GB0.3%-0.0pp
KR0.2%-0.0pp
CH0.1%+0.0pp
Top 5: 26.5% · Top 10: 35.9% · Top 25: 49.7%
Top buys this quarter · 15
| CORT Corcept Therapeutics Incorpora | +$4M |
| AAPL Apple Inc. | +$255M |
| DPZ Domino's Pizza, Inc. | +$4M |
| TSCO Tractor Supply Company | +$2M |
| SPY State Street SPDR S&P 500 ETF | +$2M |
| NVDA NVIDIA Corporation | +$195M |
| MRVL Marvell Technology, Inc. | +$2M |
| AMZN Amazon.com, Inc. | +$85M |
| TSM Taiwan Semiconductor Manufactu | +$2M |
| GEV GE Vernova Inc. | +$2M |
Top sells this quarter · 15
| CVBF CVB Financial Corp. | −$3M |
| ABT Abbott Laboratories | −$1M |
| AZN AstraZeneca PLC | −$1M |
| DHR Danaher Corporation | −$1M |
| ADBE Adobe Inc. | −$1M |
| CRM Salesforce, Inc. | −$1M |
| GBDC Golub Capital BDC, Inc. | −$1M |
| CART Instacart (Maplebear Inc.) | −$1M |
| CHYM Chime Financial, Inc. Class A | −$1M |
| CPNG Coupang, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $5.55B | 3795 | +0.05% | +17.59% | -17.54% | +0.37B |
| 2025-12-31 | $5.46B | 3579 | +12.23% | +17.72% | -5.49% | +0.28B |
| 2025-09-30 | $5.45B | 3501 | +23.79% | +17.52% | +6.27% | +0.03B |
| 2025-06-30 | $5.00B | 3503 | +23.61% | +14.94% | +8.67% | +0.48B |
| 2025-03-31 | $4.42B | 3488 | +26.32% | +8.30% | +18.02% | -0.30B |
| 2024-12-31 | $4.42B | 3492 | +23.20% | +24.89% | -1.69% | -0.02B |
| 2024-09-30 | $4.24B | 3375 | +32.31% | +36.04% | -3.73% | +0.01B |
| 2024-06-30 | $3.90B | 3298 | +21.12% | +24.49% | -3.37% | +0.05B |
| 2024-03-31 | $3.69B | 3267 | +23.36% | +29.62% | -6.26% | +0.19B |
| 2023-12-31 | $3.37B | 3295 | +25.20% | +26.18% | -0.97% | -0.01B |
| 2023-09-30 | $3.00B | 3338 | +12.38% | +21.57% | -9.19% | -0.08B |
| 2023-06-30 | $3.11B | 3341 | +9.66% | +19.42% | -9.76% | -0.05B |
| 2023-03-31 | $2.97B | 3399 | -13.16% | -7.82% | -5.35% | +0.53B |
| 2022-12-31 | $2.31B | 3321 | -21.48% | -18.17% | -3.31% | +0.11B |
| 2022-09-30 | $2.17B | 3081 | -13.63% | -15.51% | +1.87% | +0.06B |
| 2022-06-30 | $2.18B | 2922 | -10.24% | -10.62% | +0.38% | +0.06B |