Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.66%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.51%
baseline attrition
Rally response
-2.67%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $71M | 4.4% | +17.6% | 7.5 yr |
| AAPLApple Inc. | $65M | 4.0% | +14.7% | 7.5 yr |
| NVDANVIDIA Corporation | $54M | 3.3% | +60.9% | 6.8 yr |
| SPTLState Street SPDR Portfo | $41M | 2.5% | — | 3.8 yr |
| AMZNAmazon.com, Inc. | $30M | 1.8% | +9.5% | 7.5 yr |
| IBTHiShares iBonds Dec 2027 | $29M | 1.8% | — | 1.0 yr |
| METAMeta Platforms, Inc. | $23M | 1.4% | -0.4% | 7.5 yr |
| SCHGSchwab U.S. Large-Cap Gr | $22M | 1.4% | — | 7.5 yr |
| MSFTMicrosoft Corporation | $21M | 1.3% | -0.6% | 7.5 yr |
| GOOGLAlphabet Inc. | $21M | 1.3% | — | 7.5 yr |
| SHProShares - Short S&P500 | $19M | 1.2% | — | 1.3 yr |
| GOOGAlphabet Inc. | $19M | 1.2% | +84.3% | 7.5 yr |
| GLDSPDR Gold Shares | $18M | 1.1% | — | 7.5 yr |
| VTVanguard Total World Sto | $17M | 1.1% | — | 2.3 yr |
| JPMJPMorgan Chase & Co. | $16M | 1.0% | +21.8% | 7.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management55.9%+1.4pp$910M
Asset Management - Bonds5.7%-1.8pp$93M
Semiconductors4.1%+1.7pp$67M
Consumer Electronics4.0%+0.9pp$65M
Internet Content & Information4.0%+1.5pp$65M
Asset Management - Leveraged2.5%-2.5pp$41M
Software - Infrastructure2.2%+0.1pp$36M
Specialty Retail2.0%+0.4pp$33M
Asset Management - Income1.4%-0.2pp$23M
Banks - Diversified1.3%-0.1pp$21M
Country
US97.5%-0.1pp
Unknown0.8%+0.2pp
IE0.4%-0.3pp
CA0.4%+0.1pp
TW0.2%+0.1pp
CN0.1%-0.0pp
AU0.1%+0.1pp
CH0.1%+0.0pp
Top 5: 16.0% · Top 10: 23.2% · Top 25: 37.6%
Top buys this quarter · 15
| LLY Eli Lilly and Company | +$1M |
| GD General Dynamics Corporation | +$1M |
| JPM JPMorgan Chase & Co. | +$16M |
| BX Blackstone Inc. | +$13M |
| HOOD Robinhood Markets, Inc.new | +$0M |
| KMB Kimberly-Clark Corporation | +$0M |
| MELI MercadoLibre, Inc. | +$0M |
| MNDY monday.com Ltd. | +$0M |
| LMT Lockheed Martin Corporation | +$0M |
| ROK Rockwell Automation, Inc. | +$6M |
Top sells this quarter · 15
| GLW Corning Incorporated | −$8M |
| JNJ Johnson & Johnson | −$7M |
| NXT Nextpower Inc.exit | −$5M |
| TDW Tidewater Inc.exit | −$4M |
| NVDA NVIDIA Corporation | −$4M |
| AMR Alpha Metallurgical Resources,exit | −$4M |
| TSLX Sixth Street Specialty Lendingexit | −$3M |
| ANF Abercrombie & Fitch Co.exit | −$3M |
| DECK Deckers Outdoor Corporationexit | −$3M |
| ABNB Airbnb, Inc. | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.63B | 607 | +15.16% | +17.59% | -2.44% | -0.33B |
| 2025-12-31 | $2.07B | 654 | +15.14% | +17.72% | -2.58% | -0.06B |
| 2025-09-30 | $2.08B | 676 | +16.31% | +17.52% | -1.21% | +0.04B |
| 2025-06-30 | $1.89B | 668 | +14.06% | +14.94% | -0.88% | -0.12B |
| 2025-03-31 | $1.83B | 661 | +6.88% | +8.30% | -1.42% | -0.15B |
| 2024-12-31 | $2.09B | 707 | +20.91% | +24.89% | -3.98% | -0.16B |
| 2024-09-30 | $2.17B | 730 | +28.08% | +36.04% | -7.95% | +0.04B |
| 2024-06-30 | $2.02B | 697 | +18.50% | +24.49% | -5.99% | +0.28B |
| 2024-03-31 | $1.68B | 657 | +30.60% | +29.62% | +0.98% | -0.17B |
| 2023-12-31 | $1.73B | 681 | +28.76% | +26.18% | +2.58% | +0.07B |
| 2023-09-30 | $1.51B | 664 | +29.99% | +21.57% | +8.43% | +0.14B |
| 2023-06-30 | $1.41B | 620 | +27.98% | +19.42% | +8.56% | -0.07B |
| 2023-03-31 | $1.30B | 596 | +0.43% | -7.82% | +8.24% | +0.03B |
| 2022-12-31 | $1.20B | 560 | -9.40% | -18.17% | +8.78% | +0.15B |
| 2022-09-30 | $947M | 485 | -9.00% | -15.51% | +6.50% | -0.11B |
| 2022-06-30 | $1.10B | 500 | -4.96% | -10.62% | +5.66% | +0.00B |