Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+9.26%
adds when stocks drop
when a holding falls −10%+
Middle response
+5.30%
steady accumulation
Rally response
+3.01%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $44M | 2.5% | +14.7% | 9.5 yr |
| IVViShares Core S&P 500 ETF | $40M | 2.3% | — | 9.3 yr |
| NVDANVIDIA Corporation | $39M | 2.2% | +60.9% | 9.0 yr |
| MSFTMicrosoft Corporation | $37M | 2.1% | -0.6% | 9.5 yr |
| GOOGAlphabet Inc. | $32M | 1.8% | +84.3% | 9.5 yr |
| VOOVanguard S&P 500 ETF | $28M | 1.6% | — | 9.5 yr |
| DYNFiShares U.S. Equity Fact | $26M | 1.5% | — | 3.5 yr |
| AMZNAmazon.com, Inc. | $25M | 1.4% | +9.5% | 9.5 yr |
| BRK-BBerkshire Hathaway Inc. | $25M | 1.4% | — | 9.5 yr |
| JPMJPMorgan Chase & Co. | $19M | 1.1% | +21.8% | 9.5 yr |
| BALIiShares U.S. Large Cap P | $19M | 1.1% | — | 1.8 yr |
| METAMeta Platforms, Inc. | $18M | 1.0% | -0.4% | 9.5 yr |
| JEPIJPMorgan Equity Premium | $18M | 1.0% | — | 5.0 yr |
| VTIVanguard Total Stock Mar | $18M | 1.0% | — | 9.5 yr |
| SPLGSPDR Portfolio S&P 500 E | $17M | 1.0% | — | 7.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management42.3%-9.3pp$749M
Semiconductors5.1%+1.5pp$91M
Asset Management - Bonds4.2%+0.9pp$74M
Software - Infrastructure3.5%+0.5pp$62M
Internet Content & Information3.2%+0.8pp$57M
Asset Management - Income3.0%-0.6pp$53M
Consumer Electronics2.5%+0.3pp$44M
Banks - Diversified2.4%+0.3pp$42M
Aerospace & Defense2.0%+0.6pp$35M
Drug Manufacturers - General1.8%+0.4pp$33M
Country
US95.3%-0.7pp
Unknown1.1%+0.3pp
CA1.0%+0.4pp
GB0.7%+0.1pp
IE0.6%-0.0pp
CH0.5%+0.2pp
CN0.2%-0.0pp
SG0.1%
Top 5: 10.8% · Top 10: 17.8% · Top 25: 30.5%
Top buys this quarter · 15
| AAPL Apple Inc. | +$24M |
| NVDA NVIDIA Corporation | +$22M |
| MSFT Microsoft Corporation | +$20M |
| GOOG Alphabet Inc. | +$19M |
| AMZN Amazon.com, Inc. | +$13M |
| JPM JPMorgan Chase & Co. | +$11M |
| META Meta Platforms, Inc. | +$11M |
| V Visa Inc. | +$10M |
| COST Costco Wholesale Corporation | +$8M |
| PM Philip Morris International In | +$7M |
Top sells this quarter · 15
| WMB The Williams Companies, Inc. | −$1M |
| VEEV Veeva Systems Inc.exit | −$1M |
| QBTS D-Wave Quantum Inc. | −$1M |
| NE Noble Corporation Plcexit | −$1M |
| APA APA Corporationexit | −$1M |
| VRT Vertiv Holdings Co | −$1M |
| ANET Arista Networks, Inc. | −$1M |
| TM Toyota Motor Corporationexit | −$1M |
| SOLS Solstice Advanced Materials Inexit | −$1M |
| EMR Emerson Electric Co. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.77B | 690 | +21.79% | +17.59% | +4.20% | +0.96B |
| 2025-12-31 | $839M | 500 | +21.38% | +17.72% | +3.66% | +0.04B |
| 2025-09-30 | $781M | 487 | +21.64% | +17.52% | +4.12% | -0.17B |
| 2025-06-30 | $870M | 526 | +17.50% | +14.94% | +2.56% | +0.03B |
| 2025-03-31 | $745M | 486 | +7.80% | +8.30% | -0.50% | +0.02B |
| 2024-12-31 | $745M | 471 | +21.63% | +24.89% | -3.26% | -0.02B |
| 2024-09-30 | $743M | 492 | +33.51% | +36.04% | -2.53% | +0.03B |
| 2024-06-30 | $679M | 473 | +20.30% | +24.49% | -4.19% | +0.03B |
| 2024-03-31 | $628M | 474 | +25.45% | +29.62% | -4.17% | +0.05B |
| 2023-12-31 | $529M | 455 | +21.96% | +26.18% | -4.22% | -0.01B |
| 2023-09-30 | $482M | 457 | +4.37% | +21.57% | -17.20% | -0.02B |
| 2023-06-30 | $530M | 463 | -1.17% | +19.42% | -20.60% | +0.00B |
| 2023-03-31 | $493M | 456 | -44.75% | -7.82% | -36.93% | +0.02B |
| 2022-12-31 | $443M | 426 | -50.44% | -18.17% | -32.27% | +0.05B |
| 2022-09-30 | $410M | 398 | -42.90% | -15.51% | -27.39% | -0.02B |
| 2022-06-30 | $481M | 1986 | -36.08% | -10.62% | -25.45% | +0.14B |