Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+5.04%
adds when stocks drop
when a holding falls −10%+
Middle response
+4.75%
steady accumulation
Rally response
+4.29%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $115M | 2.7% | +14.7% | 9.5 yr |
| SPYVState Street SPDR Portfo | $93M | 2.2% | — | 6.5 yr |
| NVDANVIDIA Corporation | $90M | 2.1% | +60.9% | 9.3 yr |
| USFRWisdomTree Floating Rate | $90M | 2.1% | — | 4.0 yr |
| TSLATesla, Inc. | $73M | 1.7% | +43.4% | 8.5 yr |
| QQQInvesco QQQ Trust, Serie | $73M | 1.7% | — | 8.0 yr |
| IVViShares Core S&P 500 ETF | $67M | 1.6% | — | 9.3 yr |
| SPYGState Street SPDR Portfo | $64M | 1.5% | — | 9.0 yr |
| TLTiShares 20+ Year Treasur | $63M | 1.5% | — | 8.5 yr |
| DYNFiShares U.S. Equity Fact | $58M | 1.3% | — | 1.8 yr |
| BUFRFT Vest Laddered Buffer | $56M | 1.3% | — | 3.0 yr |
| TFIState Street SPDR Nuveen | $56M | 1.3% | — | 7.8 yr |
| — | $52M | 1.2% | — | 0.3 yr |
| MSFTMicrosoft Corporation | $51M | 1.2% | -0.6% | 9.3 yr |
| IWMiShares Russell 2000 ETF | $46M | 1.1% | — | 9.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management56.5%-2.5pp$2.41B
Asset Management - Bonds7.3%+1.2pp$310M
Semiconductors3.8%+0.9pp$162M
Consumer Electronics2.7%-0.5pp$116M
Asset Management - Income2.4%+0.5pp$103M
Drug Manufacturers - General2.1%+0.1pp$89M
Software - Infrastructure1.8%-0.3pp$77M
Auto - Manufacturers1.8%+0.1pp$77M
Internet Content & Information1.8%+0.2pp$76M
Unknown1.6%+1.1pp$69M
Country
US96.8%-1.3pp
Unknown1.6%+1.1pp
CA0.6%+0.1pp
GB0.2%+0.0pp
IE0.2%-0.1pp
BM0.1%+0.1pp
CH0.1%+0.0pp
TW0.1%+0.0pp
Top 5: 10.8% · Top 10: 18.4% · Top 25: 32.8%
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$51M |
| CVX Chevron Corporation | +$5M |
| LLY Eli Lilly and Company | +$5M |
| XOM Exxon Mobil Corporation | +$4M |
| IBM International Business Machine | +$3M |
| ABBV AbbVie Inc. | +$3M |
| ADBE Adobe Inc. | +$3M |
| PSX Phillips 66 | +$3M |
| SO The Southern Company | +$2M |
| CRS Carpenter Technology Corporatinew | +$2M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF exit | −$39M |
| FSK FS KKR Capital Corp. | −$3M |
| ANET Arista Networks, Inc. | −$2M |
| COHR Coherent, Inc. | −$2M |
| MTZ MasTec, Inc. | −$2M |
| TER Teradyne, Inc. | −$1M |
| PLTR Palantir Technologies Inc. | −$1M |
| GS The Goldman Sachs Group, Inc. | −$1M |
| MOS The Mosaic Company | −$1M |
| WAB Westinghouse Air Brake Technolexit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.27B | 1233 | +23.20% | +17.59% | +5.61% | +0.33B |
| 2025-12-31 | $4.08B | 1168 | +21.98% | +17.72% | +4.27% | +0.06B |
| 2025-09-30 | $3.93B | 1157 | +23.40% | +17.52% | +5.88% | -0.05B |
| 2025-06-30 | $3.61B | 1141 | +18.79% | +14.94% | +3.84% | +0.03B |
| 2025-03-31 | $3.17B | 1078 | +9.42% | +8.30% | +1.12% | +0.22B |
| 2024-12-31 | $3.08B | 1073 | +23.69% | +24.89% | -1.20% | -0.55B |
| 2024-09-30 | $3.50B | 1133 | +32.09% | +36.04% | -3.95% | +0.67B |
| 2024-06-30 | $2.66B | 1017 | +22.64% | +24.49% | -1.85% | +0.09B |
| 2024-03-31 | $2.48B | 1002 | +28.31% | +29.62% | -1.32% | +0.07B |
| 2023-12-31 | $2.23B | 971 | +29.06% | +26.18% | +2.89% | +0.07B |
| 2023-09-30 | $1.95B | 960 | +20.94% | +21.57% | -0.62% | +0.09B |
| 2023-06-30 | $1.89B | 964 | +17.61% | +19.42% | -1.82% | +0.02B |
| 2023-03-31 | $1.72B | 946 | -10.38% | -7.82% | -2.56% | +0.03B |
| 2022-12-31 | $1.55B | 895 | -21.31% | -18.17% | -3.14% | +0.19B |
| 2022-09-30 | $1.31B | 867 | -15.82% | -15.51% | -0.31% | +0.23B |
| 2022-06-30 | $1.13B | 736 | -11.65% | -10.62% | -1.03% | +0.04B |