Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.56%
adds when stocks drop
when a holding falls −10%+
Middle response
+5.91%
steady accumulation
Rally response
+2.34%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SCHBSchwab U.S. Broad Market | $134M | 3.2% | — | 5.5 yr |
| VVVanguard Large-Cap ETF | $124M | 3.0% | — | 1.5 yr |
| SPDWState Street SPDR Portfo | $112M | 2.7% | — | 1.3 yr |
| RSPInvesco S&P 500 Equal We | $111M | 2.6% | — | 5.5 yr |
| METAMeta Platforms, Inc. | $97M | 2.3% | -0.4% | 6.5 yr |
| MPLXMPLX Lp | $92M | 2.2% | +15.4% | 3.0 yr |
| FNDXSchwab Fundamental U.S. | $85M | 2.0% | — | 3.3 yr |
| SCHFSchwab International Equ | $81M | 1.9% | — | 5.5 yr |
| IXUSiShares Core MSCI Total | $76M | 1.8% | — | 5.3 yr |
| FNDFSchwab Fundamental Inter | $73M | 1.7% | — | 4.0 yr |
| VOOVanguard S&P 500 ETF | $68M | 1.6% | — | 4.3 yr |
| AAPLApple Inc. | $57M | 1.4% | +14.7% | 6.5 yr |
| IEFAiShares Core MSCI EAFE E | $56M | 1.3% | — | 3.5 yr |
| DSTLDistillate U.S. Fundamen | $55M | 1.3% | — | 2.3 yr |
| IEMGiShares Core MSCI Emergi | $46M | 1.1% | — | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management66.9%+15.0pp$2.80B
Internet Content & Information3.3%+1.8pp$138M
Oil & Gas Midstream2.9%-5.7pp$121M
Asset Management - Bonds2.5%+1.1pp$105M
Asset Management - Income2.4%-0.6pp$102M
Semiconductors2.2%+0.1pp$91M
Consumer Electronics1.4%-0.6pp$58M
Software - Infrastructure1.3%-1.2pp$56M
Drug Manufacturers - General1.1%-0.7pp$45M
Banks - Diversified1.0%-0.9pp$44M
Country
US98.5%+1.3pp
IE0.4%-0.1pp
CA0.2%-0.4pp
TW0.2%-0.1pp
GB0.2%+0.0pp
CH0.2%+0.1pp
Unknown0.1%-0.9pp
NL0.1%-0.0pp
Top 5: 13.8% · Top 10: 23.5% · Top 25: 40.2%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MPLX | $84M | +0.01B | 15.4% |
| AAPL | $24M | +0.00B | 14.7% |
| NVDA | $5M | +0.00B | 60.9% |
| META | $6M | -0.00B | -0.4% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| META | $6M | -0.00B | -0.4% |
Top buys this quarter · 15
| GNSS Genasys Inc.new | +$2M |
| IDYA IDEAYA Biosciences, Inc. | +$2M |
| WES Western Midstream Partners, LPnew | +$2M |
| RMR The RMR Group Inc.new | +$1M |
| PCTY Paylocity Holding Corporationnew | +$1M |
| HUBS HubSpot, Inc. | +$1M |
| ENPH Enphase Energy, Inc.new | +$1M |
| PCG PG&E Corporation | +$1M |
| FIVE Five Below, Inc.new | +$1M |
| AMGN Amgen Inc. | +$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.18B | 1194 | +13.50% | +17.59% | -4.09% | -0.25B |
| 2025-12-31 | $4.42B | 1388 | +17.36% | +17.72% | -0.35% | +1.42B |
| 2025-09-30 | $2.97B | 1071 | +21.23% | +17.52% | +3.71% | +0.20B |
| 2025-06-30 | $2.63B | 1042 | +19.88% | +14.94% | +4.94% | +1.38B |
| 2025-03-31 | $1.17B | 762 | +16.04% | +8.30% | +7.74% | +0.70B |
| 2024-12-31 | $462M | 256 | +24.12% | +24.89% | -0.77% | +0.00B |
| 2024-09-30 | $442M | 241 | +29.12% | +36.04% | -6.92% | +0.01B |
| 2024-06-30 | $414M | 224 | +23.80% | +24.49% | -0.69% | +0.03B |
| 2024-03-31 | $376M | 169 | +26.68% | +29.62% | -2.95% | -0.38B |
| 2023-12-31 | $684M | 388 | +25.79% | +26.18% | -0.39% | -0.00B |
| 2023-09-30 | $634M | 361 | +24.14% | +21.57% | +2.57% | +0.01B |
| 2023-06-30 | $624M | 348 | +13.97% | +19.42% | -5.46% | +0.23B |
| 2023-03-31 | $378M | 242 | -7.64% | -7.82% | +0.18% | +0.09B |
| 2022-12-31 | $258M | 180 | -19.99% | -18.17% | -1.81% | +0.02B |
| 2022-09-30 | $220M | 148 | -17.02% | -15.51% | -1.52% | +0.02B |
| 2022-06-30 | $215M | 153 | -9.32% | -10.62% | +1.30% | -0.00B |