Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.42%
trims when stocks drop
when a holding falls −10%+
Middle response
+2.55%
steady accumulation
Rally response
+4.20%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VUGVanguard Growth ETF | $160M | 4.9% | — | 4.5 yr |
| VEAVanguard FTSE Developed | $126M | 3.8% | — | 4.5 yr |
| VTVVanguard Value ETF | $125M | 3.8% | — | 4.5 yr |
| PRXGPraxis Impact Large Cap | $79M | 2.4% | — | 1.0 yr |
| PRXVPraxis Impact Large Cap | $73M | 2.2% | — | 1.0 yr |
| AAPLApple Inc. | $65M | 2.0% | +14.7% | 4.5 yr |
| IAUiShares Gold Trust | $59M | 1.8% | — | 4.5 yr |
| NVDANVIDIA Corporation | $48M | 1.5% | +60.9% | 4.5 yr |
| BSVVanguard Short-Term Bond | $44M | 1.4% | — | 4.5 yr |
| BILState Street SPDR Bloomb | $44M | 1.3% | — | 4.0 yr |
| VWOVanguard FTSE Emerging M | $42M | 1.3% | — | 4.5 yr |
| VTIVanguard Total Stock Mar | $39M | 1.2% | — | 4.5 yr |
| BNDXVanguard Total Internati | $37M | 1.1% | — | 4.5 yr |
| MSFTMicrosoft Corporation | $35M | 1.1% | -0.6% | 4.5 yr |
| GOOGLAlphabet Inc. | $35M | 1.1% | — | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management55.1%+3.1pp$1.80B
Semiconductors4.6%+1.2pp$150M
Asset Management - Bonds4.4%-0.6pp$144M
Software - Infrastructure2.4%-0.6pp$79M
Internet Content & Information2.3%+0.3pp$74M
Consumer Electronics2.0%-0.5pp$66M
Asset Management - Income1.6%-0.7pp$52M
Specialty Retail1.5%-0.5pp$50M
Auto - Manufacturers1.1%-0.1pp$36M
Drug Manufacturers - General1.1%-0.2pp$35M
Country
US95.2%-1.0pp
Unknown0.8%+0.1pp
IE0.7%-0.1pp
CA0.7%+0.3pp
NL0.6%+0.2pp
GB0.5%+0.1pp
CH0.3%+0.0pp
TW0.2%+0.1pp
Top 5: 17.2% · Top 10: 25.1% · Top 25: 40.0%
Top buys this quarter · 15
| AAPL Apple Inc. | +$18M |
| MSFT Microsoft Corporation | +$10M |
| GOOG Alphabet Inc. | +$7M |
| NVDA NVIDIA Corporation | +$6M |
| AMZN Amazon.com, Inc. | +$5M |
| JPM JPMorgan Chase & Co. | +$4M |
| AVGO Broadcom Inc. | +$32M |
| GS The Goldman Sachs Group, Inc. | +$3M |
| WMT Walmart Inc. | +$3M |
| HD The Home Depot, Inc. | +$3M |
Top sells this quarter · 15
| CIEN Ciena Corporation | −$6M |
| APO Apollo Global Management, Inc. | −$1M |
| AZN AstraZeneca PLC | −$1M |
| CCL Carnival Corporation & plcexit | −$1M |
| SNDK Sandisk Corporation | −$1M |
| SNOW Snowflake Inc. | −$1M |
| EXAS Exact Sciences Corporationexit | −$1M |
| EXPE Expedia Group, Inc. | −$0M |
| BBY Best Buy Co., Inc. | −$0M |
| RBLX Roblox Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.27B | 4374 | +19.51% | +17.59% | +1.92% | +0.64B |
| 2025-12-31 | $2.71B | 4261 | +17.27% | +17.72% | -0.44% | +0.16B |
| 2025-09-30 | $2.53B | 4318 | +22.42% | +17.52% | +4.90% | +0.11B |
| 2025-06-30 | $2.21B | 4240 | +19.99% | +14.94% | +5.05% | +0.18B |
| 2025-03-31 | $1.82B | 4008 | +9.12% | +8.30% | +0.82% | +0.12B |
| 2024-12-31 | $1.78B | 3749 | +23.88% | +24.89% | -1.01% | +0.12B |
| 2024-09-30 | $1.58B | 3033 | +32.11% | +36.04% | -3.93% | -0.02B |
| 2024-06-30 | $1.49B | 3057 | +20.40% | +24.49% | -4.09% | +0.20B |
| 2024-03-31 | $1.27B | 3039 | +25.39% | +29.62% | -4.24% | +0.09B |
| 2023-12-31 | $1.09B | 2632 | +22.93% | +26.18% | -3.24% | +0.03B |
| 2023-09-30 | $943M | 2490 | +18.63% | +21.57% | -2.94% | +0.06B |
| 2023-06-30 | $907M | 2486 | +13.75% | +19.42% | -5.68% | +0.06B |
| 2023-03-31 | $803M | 2373 | -7.42% | -7.82% | +0.40% | +0.10B |
| 2022-12-31 | $660M | 2299 | -16.72% | -18.17% | +1.45% | +0.19B |
| 2022-09-30 | $437M | 1956 | -6.44% | -4.93% | -1.51% | +0.07B |
| 2022-06-30 | $388M | 1696 | -13.90% | -16.11% | +2.21% | +0.05B |