Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-14.69%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.64%
baseline attrition
Rally response
-3.94%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $19M | 4.2% | +14.7% | 8.5 yr |
| MSFTMicrosoft Corporation | $15M | 3.4% | -0.6% | 8.5 yr |
| NVDANVIDIA Corporation | $15M | 3.3% | +60.9% | 8.5 yr |
| AMZNAmazon.com, Inc. | $14M | 3.2% | +9.5% | 8.5 yr |
| GLDSPDR Gold Shares | $12M | 2.6% | — | 8.5 yr |
| GOOGLAlphabet Inc. | $11M | 2.6% | — | 8.5 yr |
| USFRWisdomTree Floating Rate | $10M | 2.2% | — | 4.3 yr |
| VTIPVanguard Short-Term Infl | $9M | 2.0% | — | 4.3 yr |
| VUSBVanguard Ultra-Short Bon | $8M | 1.8% | — | 4.8 yr |
| LQDiShares iBoxx $ Investme | $8M | 1.8% | — | 6.0 yr |
| AVGOBroadcom Inc. | $8M | 1.7% | +86.0% | 8.3 yr |
| METAMeta Platforms, Inc. | $7M | 1.6% | -0.4% | 8.5 yr |
| HGERHarbor Commodity All-Wea | $7M | 1.5% | — | 1.5 yr |
| IWMiShares Russell 2000 ETF | $6M | 1.4% | — | 6.5 yr |
| XLVState Street Health Care | $6M | 1.3% | — | 8.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management26.8%+4.8pp$120M
Semiconductors9.5%+3.0pp$43M
Asset Management - Bonds5.9%-3.9pp$27M
Software - Infrastructure5.8%-0.1pp$26M
Internet Content & Information4.4%-0.4pp$20M
Consumer Electronics4.2%+0.2pp$19M
Specialty Retail3.6%-0.3pp$16M
Banks - Diversified2.7%+0.2pp$12M
Drug Manufacturers - General2.6%-0.1pp$12M
Financial - Credit Services2.4%-0.9pp$11M
Country
US95.5%+0.8pp
IE0.9%-0.9pp
NL0.8%+0.0pp
CA0.8%+0.1pp
TW0.4%
Unknown0.3%+0.1pp
UY0.3%-0.1pp
LU0.2%-0.2pp
Top 5: 16.6% · Top 10: 27.0% · Top 25: 44.9%
Top buys this quarter · 15
| CVX Chevron Corporation | +$3M |
| AAPL Apple Inc. | +$3M |
| LMT Lockheed Martin Corporation | +$2M |
| APH Amphenol Corporation | +$1M |
| GE GE Aerospace | +$1M |
| FCX Freeport-McMoRan Inc. | +$1M |
| NVDA NVIDIA Corporation | +$15M |
| PNC The PNC Financial Services Gro | +$1M |
| AVGO Broadcom Inc. | +$8M |
| PLTR Palantir Technologies Inc. | +$1M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$10M |
| DELL Dell Technologies Inc. | −$2M |
| CCJ Cameco Corporation | −$2M |
| ETN Eaton Corporation plc | −$2M |
| MSCI MSCI Inc. | −$1M |
| DDOG Datadog, Inc. | −$1M |
| LRCX Lam Research Corporation | −$1M |
| AWK American Water Works Company, | −$1M |
| WSM Williams-Sonoma, Inc. | −$1M |
| PFE Pfizer Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $449M | 731 | +19.20% | +17.59% | +1.61% | +0.01B |
| 2025-12-31 | $460M | 731 | +15.14% | +17.72% | -2.58% | +0.01B |
| 2025-09-30 | $445M | 670 | +17.89% | +17.52% | +0.38% | +0.00B |
| 2025-06-30 | $414M | 671 | +15.53% | +14.94% | +0.59% | -0.02B |
| 2025-03-31 | $377M | 651 | +2.37% | +8.30% | -5.93% | +0.01B |
| 2024-12-31 | $396M | 651 | +20.01% | +24.89% | -4.88% | -0.01B |
| 2024-09-30 | $393M | 643 | +32.41% | +36.04% | -3.63% | +0.00B |
| 2024-06-30 | $376M | 628 | +21.65% | +24.49% | -2.84% | +0.00B |
| 2024-03-31 | $364M | 603 | +27.73% | +29.62% | -1.90% | +0.00B |
| 2023-12-31 | $334M | 406 | +26.32% | +26.18% | +0.14% | -0.01B |
| 2023-09-30 | $306M | 430 | +16.00% | +21.57% | -5.57% | +0.01B |
| 2023-06-30 | $308M | 458 | +17.65% | +19.42% | -1.77% | -0.01B |
| 2023-03-31 | $298M | 437 | -10.61% | -7.82% | -2.79% | +0.00B |
| 2022-12-31 | $275M | 430 | -21.03% | -18.17% | -2.85% | +0.01B |
| 2022-09-30 | $252M | 430 | -15.97% | -15.51% | -0.46% | +0.00B |
| 2022-06-30 | $257M | 461 | -13.10% | -10.62% | -2.48% | +0.00B |