Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+8.92%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.84%
baseline attrition
Rally response
-6.60%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VVVanguard Large-Cap ETF | $764M | 50.9% | — | 8.8 yr |
| VEAVanguard FTSE Developed | $234M | 15.6% | — | 9.0 yr |
| VWOVanguard FTSE Emerging M | $115M | 7.7% | — | 9.0 yr |
| VTIVanguard Total Stock Mar | $49M | 3.3% | — | 9.0 yr |
| VBVanguard Small-Cap ETF | $43M | 2.9% | — | 8.8 yr |
| SCHCSchwab International Sma | $28M | 1.9% | — | 6.0 yr |
| VNQVanguard Real Estate ETF | $19M | 1.2% | — | 9.0 yr |
| PDBCInvesco Optimum Yield Di | $16M | 1.1% | — | 3.8 yr |
| SCHFSchwab International Equ | $16M | 1.1% | — | 5.5 yr |
| SPYState Street SPDR S&P 50 | $12M | 0.8% | +17.6% | 2.0 yr |
| AAPLApple Inc. | $10M | 0.7% | +14.7% | 7.3 yr |
| VSSVanguard FTSE All-World | $10M | 0.7% | — | 8.3 yr |
| MINTPIMCO Enhanced Short Mat | $9M | 0.6% | — | 9.0 yr |
| SCHXSchwab U.S. Large-Cap ET | $8M | 0.5% | — | 4.3 yr |
| IVViShares Core S&P 500 ETF | $6M | 0.4% | — | 3.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management92.0%+13.7pp$1.38B
Semiconductors0.9%+0.7pp$14M
Asset Management - Leveraged0.9%-16.7pp$13M
Consumer Electronics0.7%+0.2pp$10M
Internet Content & Information0.6%+0.2pp$9M
Software - Infrastructure0.5%+0.1pp$7M
Packaged Foods0.4%+0.4pp$6M
Drug Manufacturers - General0.4%+0.2pp$5M
Asset Management - Bonds0.3%-0.2pp$5M
Software - Application0.3%+0.2pp$4M
Country
US99.7%-0.1pp
IE0.1%
GB0.1%
CA0.0%-0.0pp
CH0.0%
NL0.0%
TW0.0%-0.0pp
Unknown0.0%
Top 5: 80.4% · Top 10: 86.5% · Top 25: 92.6%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| GOOG | $2M | +0.00B | 84.3% |
| AAPL | $4M | +0.00B | 14.7% |
| NVDA | $1M | +0.00B | 60.9% |
| SPY | $2M | +0.00B | 17.6% |
| HLF | $0M | +0.00B | 70.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $3M | -0.00B | -0.6% |
Top buys this quarter · 15
| AAPL Apple Inc. | +$4M |
| AEHR Aehr Test Systemsnew | +$3M |
| MSFT Microsoft Corporation | +$3M |
| AMZN Amazon.com, Inc. | +$2M |
| TSLA Tesla, Inc. | +$2M |
| TTEC TTEC Holdings, Inc. | +$1M |
| AVGO Broadcom Inc. | +$1M |
| VOYG Voyager Technologies, Inc.new | +$1M |
| ISRG Intuitive Surgical, Inc.new | +$1M |
| EQIX Equinix, Inc.new | +$1M |
Top sells this quarter · 15
| BLK BlackRock, Inc.exit | −$3M |
| NVDA NVIDIA Corporation | −$3M |
| MAR Marriott International, Inc.exit | −$2M |
| RJF Raymond James Financial, Inc.exit | −$2M |
| MCO Moody's Corporationexit | −$2M |
| SPY State Street SPDR S&P 500 ETF | −$2M |
| INTC Intel Corporationexit | −$1M |
| LNG Cheniere Energy, Inc. | −$0M |
| ETN Eaton Corporation plc | −$1M |
| TSM Taiwan Semiconductor Manufactu | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.50B | 184 | +17.12% | +17.59% | -0.47% | -0.06B |
| 2025-12-31 | $1.61B | 119 | +75.66% | +17.72% | +57.94% | +0.51B |
| 2025-09-30 | $1.09B | 88 | +65.85% | +17.52% | +48.34% | -0.06B |
| 2025-06-30 | $1.05B | 76 | +61.46% | +14.94% | +46.51% | +0.02B |
| 2025-03-31 | $947M | 97 | +58.96% | +8.30% | +50.65% | -0.29B |
| 2024-12-31 | $853M | 49 | +25.63% | +24.89% | +0.74% | +0.07B |
| 2024-09-30 | $822M | 44 | +55.71% | +36.04% | +19.67% | +0.01B |
| 2024-06-30 | $764M | 40 | +27.02% | +24.49% | +2.53% | -0.09B |
| 2024-03-31 | $792M | 36 | +55.19% | +29.62% | +25.57% | -0.10B |
| 2023-12-31 | $781M | 45 | +48.21% | +26.18% | +22.03% | -0.05B |
| 2023-09-30 | $700M | 38 | +7.72% | +21.57% | -13.84% | +0.06B |
| 2023-06-30 | $731M | 38 | +26.18% | +19.42% | +6.75% | -0.14B |
| 2023-03-31 | $665M | 34 | -45.70% | -7.82% | -37.88% | +0.03B |
| 2022-12-31 | $584M | 36 | -13.96% | +7.56% | -21.52% | -0.04B |
| 2022-09-30 | $731M | 48 | +1.78% | -4.93% | +6.71% | +0.23B |
| 2022-06-30 | $492M | 49 | -43.44% | -16.11% | -27.33% | +0.15B |