Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.55%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.57%
baseline attrition
Rally response
+2.26%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPLGSPDR Portfolio S&P 500 E | $184M | 26.1% | — | 8.5 yr |
| SPDWState Street SPDR Portfo | $86M | 12.2% | — | 8.3 yr |
| HELOJPMorgan Hedged Equity L | $45M | 6.4% | — | 2.5 yr |
| SPMDState Street SPDR Portfo | $43M | 6.2% | — | 8.5 yr |
| JPSTJPMorgan Ultra-Short Inc | $42M | 6.0% | — | 7.3 yr |
| SPSMState Street SPDR Portfo | $32M | 4.5% | — | 8.5 yr |
| DFEMDimensional - Emerging M | $24M | 3.4% | — | 2.0 yr |
| CLIPGlobal X - 1-3 Month T-B | $24M | 3.4% | — | 1.8 yr |
| JCPBJPMorgan Core Plus Bond | $21M | 3.0% | — | 4.0 yr |
| BOXXAlpha Architect 1-3 Mont | $19M | 2.7% | — | 1.8 yr |
| JPIEJPMorgan Income ETF | $19M | 2.7% | — | 1.3 yr |
| VTIVanguard Total Stock Mar | $16M | 2.2% | — | 8.5 yr |
| IVViShares Core S&P 500 ETF | $14M | 2.0% | — | 8.5 yr |
| SCHOSchwab Short-Term U.S. T | $11M | 1.6% | — | 3.3 yr |
| IDEViShares Core MSCI Intern | $11M | 1.5% | — | 6.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management79.1%+3.2pp$556M
Asset Management - Income9.1%-0.7pp$64M
Asset Management - Bonds3.7%-1.0pp$26M
Asset Management - Global3.4%-1.5pp$24M
Asset Management - Leveraged1.7%-0.3pp$12M
Oil & Gas Integrated0.5%+0.1pp$4M
Consumer Electronics0.5%+0.0pp$3M
Drug Manufacturers - General0.3%+0.0pp$2M
Discount Stores0.3%+0.0pp$2M
Software - Infrastructure0.2%-0.1pp$2M
Country
US99.9%+0.1pp
Unknown0.1%-0.1pp
IE0.1%+0.0pp
Top 5: 56.9% · Top 10: 74.0% · Top 25: 92.4%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $2M | -0.00B | -0.6% |
Top buys this quarter · 15
| MPC Marathon Petroleum Corporationnew | +$0M |
| KO The Coca-Cola Companynew | +$0M |
| AAPL Apple Inc. | +$3M |
| XOM Exxon Mobil Corporation | +$0M |
| META Meta Platforms, Inc. | +$1M |
| ETN Eaton Corporation plc | +$0M |
| ABBV AbbVie Inc. | +$1M |
| COST Costco Wholesale Corporation | +$0M |
| BOXX Alpha Architect 1-3 Month Box | +$0M |
| BRK-B Berkshire Hathaway Inc. | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $704M | 106 | +26.07% | +17.59% | +8.48% | -0.01B |
| 2025-12-31 | $702M | 105 | +16.63% | +17.72% | -1.09% | +0.03B |
| 2025-09-30 | $653M | 96 | +15.92% | +17.52% | -1.60% | -0.01B |
| 2025-06-30 | $596M | 94 | +9.19% | +14.94% | -5.75% | +0.05B |
| 2025-03-31 | $509M | 87 | +3.23% | +8.30% | -5.08% | -0.00B |
| 2024-12-31 | $547M | 82 | +20.55% | +24.89% | -4.33% | +0.00B |
| 2024-09-30 | $529M | 82 | +24.42% | +36.04% | -11.62% | +0.03B |
| 2024-06-30 | $476M | 74 | +15.53% | +24.49% | -8.96% | -0.00B |
| 2024-03-31 | $471M | 68 | +25.47% | +29.62% | -4.16% | +0.01B |
| 2023-12-31 | $421M | 65 | +24.29% | +26.18% | -1.88% | +0.03B |
| 2023-09-30 | $372M | 61 | +21.49% | +21.57% | -0.08% | +0.00B |
| 2023-06-30 | $378M | 64 | +23.41% | +19.42% | +3.99% | -0.02B |
| 2023-03-31 | $363M | 63 | -4.20% | -7.82% | +3.62% | +0.00B |
| 2022-12-31 | $331M | 62 | +3.59% | +7.56% | -3.97% | +0.02B |
| 2022-09-30 | $298M | 61 | -0.88% | -4.93% | +4.05% | -0.00B |
| 2022-06-30 | $303M | 56 | -14.05% | -16.11% | +2.06% | +0.01B |