Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.74%
trims when stocks drop
when a holding falls −10%+
Middle response
-7.89%
baseline attrition
Rally response
-0.65%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $66M | 11.8% | — | 9.3 yr |
| IUSBiShares Core Universal U | $45M | 8.1% | — | 6.8 yr |
| IVEiShares S&P 500 Value ET | $37M | 6.7% | — | 7.5 yr |
| IVWiShares S&P 500 Growth E | $34M | 6.0% | — | 8.3 yr |
| DYNFiShares U.S. Equity Fact | $33M | 6.0% | — | 2.3 yr |
| IEMGiShares Core MSCI Emergi | $31M | 5.6% | — | 6.5 yr |
| PGThe Procter & Gamble Com | $30M | 5.4% | -12.9% | 9.5 yr |
| FBNDFidelity Total Bond ETF | $30M | 5.3% | — | 5.3 yr |
| EFViShares MSCI EAFE Value | $29M | 5.1% | — | 6.3 yr |
| TLHiShares 10-20 Year Treas | $18M | 3.3% | — | 4.3 yr |
| EFGiShares MSCI EAFE Growth | $18M | 3.2% | — | 6.0 yr |
| QUALiShares MSCI USA Quality | $17M | 3.0% | — | 4.0 yr |
| FENIFidelity Enhanced Intern | $16M | 3.0% | — | 0.5 yr |
| BAIiShares A.I. Innovation | $15M | 2.8% | — | 0.8 yr |
| MTUMiShares MSCI USA Momentu | $15M | 2.7% | — | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management70.7%-4.7pp$394M
Asset Management - Bonds19.2%+5.7pp$107M
Household & Personal Products5.4%-1.8pp$30M
Banks - Regional0.5%-0.1pp$3M
Semiconductors0.4%+0.2pp$2M
Internet Content & Information0.4%+0.1pp$2M
Consumer Electronics0.4%+0.1pp$2M
Specialty Retail0.3%+0.0pp$2M
Software - Infrastructure0.2%-0.0pp$1M
Oil & Gas Integrated0.1%+0.1pp$1M
Country
US99.6%-0.1pp
CA0.1%+0.1pp
CH0.1%+0.0pp
Unknown0.0%-0.1pp
CN0.0%+0.0pp
BR0.0%+0.0pp
IE0.0%+0.0pp
GB0.0%+0.0pp
Top 5: 38.6% · Top 10: 63.3% · Top 25: 93.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $1M | +0.00B | 60.9% |
| CZNC | $2M | +0.00B | 17.5% |
| AAPL | $1M | +0.00B | 14.7% |
| AMZN | $1M | +0.00B | 9.5% |
| PG | $36M | -0.00B | -12.9% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| PG | $36M | -0.00B | -12.9% |
Top buys this quarter · 15
| WMS Advanced Drainage Systems, Incnew | +$1M |
| PNC The PNC Financial Services Gro | +$0M |
| AAPL Apple Inc. | +$0M |
| MU Micron Technology, Inc. | +$0M |
| HON Honeywell International Inc. | +$0M |
| XOM Exxon Mobil Corporation | +$0M |
| AUPH Aurinia Pharmaceuticals Inc.new | +$0M |
| PBR Petróleo Brasileiro S.A. - Pe | +$0M |
| JD JD.com, Inc. | +$0M |
| RDDT Reddit, Inc. | +$0M |
Top sells this quarter · 15
| PG The Procter & Gamble Company | −$2M |
| CZNC Citizens & Northern Corporatio | −$0M |
| GS The Goldman Sachs Group, Inc. | −$0M |
| OKLO Oklo Inc. | −$0M |
| META Meta Platforms, Inc. | −$0M |
| BCSF Bain Capital Specialty Financeexit | −$0M |
| CRWD CrowdStrike Holdings, Inc. | −$0M |
| CVX Chevron Corporation | −$0M |
| PANW Palo Alto Networks, Inc. | −$0M |
| MPC Marathon Petroleum Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $558M | 1065 | +10.49% | +17.59% | -7.10% | -0.09B |
| 2025-12-31 | $644M | 845 | +7.61% | +17.72% | -10.11% | +0.05B |
| 2025-09-30 | $594M | 722 | +8.54% | +17.52% | -8.97% | +0.02B |
| 2025-06-30 | $544M | 516 | +8.81% | +14.94% | -6.14% | +0.03B |
| 2025-03-31 | $493M | 435 | +7.04% | +8.30% | -1.26% | +0.11B |
| 2024-12-31 | $394M | 50 | +20.43% | +24.89% | -4.46% | -0.09B |
| 2024-09-30 | $484M | 377 | +28.31% | +36.04% | -7.72% | +0.08B |
| 2024-06-30 | $385M | 375 | +17.00% | +24.49% | -7.49% | -0.05B |
| 2024-03-31 | $425M | 399 | +19.90% | +29.62% | -9.72% | +0.11B |
| 2023-12-31 | $290M | 317 | -18.58% | +26.18% | -44.76% | -0.02B |
| 2023-09-30 | $287M | 336 | -42.95% | +21.57% | -64.51% | +0.02B |
| 2023-06-30 | $276M | 339 | -47.37% | +19.42% | -66.80% | -0.04B |
| 2023-03-31 | $296M | 306 | -53.91% | -7.82% | -46.10% | +0.09B |
| 2022-12-31 | $281M | 45 | -41.05% | -18.17% | -22.88% | +0.12B |
| 2022-09-30 | $215M | 42 | -12.89% | -15.51% | +2.62% | +0.02B |
| 2022-06-30 | $221M | 40 | -1.17% | -10.62% | +9.45% | -0.05B |