Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.13%
trims when stocks drop
when a holding falls −10%+
Middle response
+3.64%
steady accumulation
Rally response
+0.89%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPLGSPDR Portfolio S&P 500 E | $547M | 5.4% | — | 8.8 yr |
| IUSBiShares Core Universal U | $351M | 3.5% | — | 4.0 yr |
| DYNFiShares U.S. Equity Fact | $220M | 2.2% | — | 3.0 yr |
| SCHGSchwab U.S. Large-Cap Gr | $218M | 2.2% | — | 9.0 yr |
| IVEiShares S&P 500 Value ET | $204M | 2.0% | — | 8.8 yr |
| DFAUDimensional - US Core Eq | $200M | 2.0% | — | 2.5 yr |
| DFSDDimensional - Short Dura | $177M | 1.8% | — | 3.0 yr |
| MBBiShares MBS ETF | $169M | 1.7% | — | 7.8 yr |
| BONDPIMCO Active Bond Exchan | $162M | 1.6% | — | 6.3 yr |
| DFACDimensional - US Core Eq | $157M | 1.6% | — | 5.0 yr |
| AAPLApple Inc. | $155M | 1.5% | +14.7% | 9.0 yr |
| AVEMAvantis Emerging Markets | $152M | 1.5% | — | 3.8 yr |
| IVViShares Core S&P 500 ETF | $145M | 1.4% | — | 9.0 yr |
| EFViShares MSCI EAFE Value | $143M | 1.4% | — | 7.5 yr |
| DFCFDimensional - Core Fixed | $141M | 1.4% | — | 3.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management67.0%+0.8pp$6.77B
Asset Management - Bonds10.4%-1.2pp$1.05B
Asset Management - Income2.2%+0.0pp$226M
Semiconductors2.0%+0.7pp$203M
Unknown1.6%+1.3pp$164M
Consumer Electronics1.5%-0.1pp$156M
Software - Infrastructure1.2%-0.3pp$120M
Internet Content & Information1.1%+0.2pp$113M
Drug Manufacturers - General0.8%+0.2pp$82M
Specialty Retail0.8%-0.1pp$82M
Country
US97.0%-1.1pp
Unknown1.6%+1.3pp
CA0.3%+0.0pp
IE0.3%-0.1pp
TW0.3%+0.1pp
GB0.2%-0.0pp
BM0.1%-0.0pp
CH0.1%-0.0pp
Top 5: 15.2% · Top 10: 23.8% · Top 25: 42.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $98M | -0.00B | -0.6% |
Top buys this quarter · 15
| J Jacobs Solutions Inc. | +$6M |
| KMB Kimberly-Clark Corporation | +$4M |
| AMD Advanced Micro Devices, Inc. | +$4M |
| TSM Taiwan Semiconductor Manufactu | +$4M |
| JBHT J.B. Hunt Transport Services, | +$3M |
| AAPL Apple Inc. | +$155M |
| MDT Medtronic plc | +$3M |
| AMAT Applied Materials, Inc. | +$3M |
| PODD Insulet Corporation | +$2M |
| AZN AstraZeneca PLCnew | +$2M |
Top sells this quarter · 15
| AVGO Broadcom Inc. | −$12M |
| EXAS Exact Sciences Corporationexit | −$9M |
| WMT Walmart Inc. | −$7M |
| MSFT Microsoft Corporation | −$7M |
| ADP Automatic Data Processing, Inc | −$7M |
| JNJ Johnson & Johnson | −$5M |
| EW Edwards Lifesciences Corporati | −$5M |
| STE STERIS plc | −$5M |
| KO The Coca-Cola Company | −$3M |
| DE Deere & Company | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $10.10B | 1436 | +17.70% | +17.59% | +0.10% | +0.34B |
| 2025-12-31 | $10.10B | 1491 | +16.87% | +17.72% | -0.85% | +0.22B |
| 2025-09-30 | $9.64B | 1474 | +16.31% | +17.52% | -1.21% | -0.02B |
| 2025-06-30 | $8.92B | 1435 | +13.77% | +14.94% | -1.17% | -0.30B |
| 2025-03-31 | $8.40B | 1384 | +4.22% | +8.30% | -4.08% | +0.16B |
| 2024-12-31 | $8.59B | 1384 | +16.39% | +24.89% | -8.49% | -0.30B |
| 2024-09-30 | $8.72B | 1422 | +27.86% | +36.04% | -8.18% | +0.28B |
| 2024-06-30 | $7.97B | 1358 | +14.62% | +24.49% | -9.88% | +1.60B |
| 2024-03-31 | $6.34B | 1079 | +22.03% | +29.62% | -7.59% | +0.24B |
| 2023-12-31 | $5.69B | 1097 | +21.03% | +26.18% | -5.15% | +0.52B |
| 2023-09-30 | $4.61B | 982 | +9.28% | +21.57% | -12.29% | +0.33B |
| 2023-06-30 | $4.51B | 1001 | +11.39% | +19.42% | -8.04% | -0.05B |
| 2023-03-31 | $4.26B | 962 | -12.94% | -7.82% | -5.12% | +0.60B |
| 2022-12-31 | $3.44B | 814 | -21.90% | -18.17% | -3.73% | +0.72B |
| 2022-09-30 | $2.69B | 753 | -14.20% | -15.51% | +1.30% | +0.44B |
| 2022-06-30 | $2.33B | 703 | -10.83% | -10.62% | -0.21% | +0.12B |