Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-7.37%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.50%
baseline attrition
Rally response
-2.32%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $14M | 15.9% | +17.6% | 4.5 yr |
| AAPLApple Inc. | $8M | 9.2% | +14.7% | 4.5 yr |
| USFRWisdomTree Floating Rate | $5M | 6.0% | — | 1.5 yr |
| JMUBJPMorgan Municipal ETF | $4M | 4.8% | — | 3.5 yr |
| GLDMSPDR Gold MiniShares Tru | $4M | 4.7% | — | 1.8 yr |
| EELVInvesco S&P Emerging Mar | $4M | 3.9% | — | 4.3 yr |
| BRK-BBerkshire Hathaway Inc. | $3M | 3.8% | — | 4.5 yr |
| AMZNAmazon.com, Inc. | $3M | 3.4% | +9.5% | 4.5 yr |
| NVDANVIDIA Corporation | $3M | 3.1% | +60.9% | 4.5 yr |
| MSFTMicrosoft Corporation | $3M | 3.0% | -0.6% | 4.5 yr |
| QQQInvesco QQQ Trust, Serie | $2M | 2.6% | — | 4.5 yr |
| GOOGAlphabet Inc. | $2M | 2.5% | +84.3% | 4.5 yr |
| GDEWisdomTree Efficient Gol | $1M | 1.4% | — | 0.8 yr |
| JPMEJPMorgan Diversified Ret | $1M | 1.3% | — | 4.3 yr |
| JPMJPMorgan Chase & Co. | $1M | 1.3% | +21.8% | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management53.1%-3.6pp$48M
Consumer Electronics9.2%+4.6pp$8M
Internet Content & Information4.0%+2.1pp$4M
Insurance - Diversified3.8%+0.1pp$3M
Specialty Retail3.6%+1.2pp$3M
Software - Infrastructure3.3%+0.7pp$3M
Semiconductors3.1%+0.6pp$3M
Asset Management - Bonds2.9%+0.3pp$3M
Banks - Diversified1.8%+0.5pp$2M
Telecommunications Services1.7%+1.0pp$2M
Country
US96.0%-1.0pp
IE0.9%+0.5pp
AR0.9%+0.3pp
LU0.7%+0.4pp
CA0.5%+0.1pp
BR0.5%+0.1pp
CO0.3%
UY0.2%+0.0pp
Top 5: 40.5% · Top 10: 57.8% · Top 25: 76.6%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SPY | $11M | +0.00B | 17.6% |
| NVDA | $3M | +0.00B | 60.9% |
| GOOG | $1M | +0.00B | 84.3% |
| AAPL | $7M | +0.00B | 14.7% |
| TIGO | $0M | +0.00B | 167.9% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $4M | -0.00B | -0.6% |
Top buys this quarter · 15
| T AT&T Inc.new | +$1M |
| GEV GE Vernova Inc.new | +$0M |
| SIRI Sirius XM Holdings Inc.new | +$0M |
| NFLX Netflix, Inc. | +$0M |
| GE GE Aerospacenew | +$0M |
| AAPL Apple Inc. | +$8M |
| ORCL Oracle Corporationnew | +$0M |
| MAR Marriott International, Inc.new | +$0M |
| GPRK GeoPark Limitednew | +$0M |
| APH Amphenol Corporation | +$0M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$15M |
| NVDA NVIDIA Corporation | −$2M |
| MSFT Microsoft Corporation | −$0M |
| AMZN Amazon.com, Inc. | −$0M |
| PWR Quanta Services, Inc.exit | −$0M |
| VRSK Verisk Analytics, Inc.exit | −$0M |
| TT Trane Technologies plcexit | −$0M |
| WMT Walmart Inc.exit | −$0M |
| CTAS Cintas Corporationexit | −$0M |
| HON Honeywell International Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $90M | 75 | +13.47% | +17.59% | -4.12% | -0.06B |
| 2025-12-31 | $158M | 82 | +14.60% | +17.72% | -3.12% | -0.01B |
| 2025-09-30 | $159M | 92 | +14.25% | +17.52% | -3.27% | +0.00B |
| 2025-06-30 | $145M | 90 | +13.39% | +14.94% | -1.56% | -0.01B |
| 2025-03-31 | $144M | 96 | +10.01% | +8.30% | +1.71% | +0.01B |
| 2024-12-31 | $144M | 95 | +26.34% | +24.89% | +1.45% | +0.00B |
| 2024-09-30 | $135M | 93 | +38.39% | +36.04% | +2.35% | +0.01B |
| 2024-06-30 | $119M | 79 | +24.87% | +24.49% | +0.37% | -0.01B |
| 2024-03-31 | $125M | 88 | +29.71% | +29.62% | +0.09% | +0.00B |
| 2023-12-31 | $114M | 80 | +28.19% | +26.18% | +2.01% | +0.01B |
| 2023-09-30 | $93M | 146 | +17.68% | +21.57% | -3.89% | +0.00B |
| 2023-06-30 | $95M | 77 | +18.73% | +19.42% | -0.69% | -0.01B |
| 2023-03-31 | $94M | 78 | -7.31% | -7.82% | +0.50% | -0.00B |
| 2022-12-31 | $90M | 80 | -17.99% | -18.17% | +0.18% | -0.00B |
| 2022-09-30 | $88M | 116 | -3.33% | -4.93% | +1.60% | +0.01B |
| 2022-06-30 | $83M | 106 | -14.14% | -16.11% | +1.97% | +0.01B |