Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.98%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.21%
steady accumulation
Rally response
+1.17%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| RSPInvesco S&P 500 Equal We | $117M | 5.3% | — | 8.0 yr |
| SPYState Street SPDR S&P 50 | $115M | 5.3% | +17.6% | 8.8 yr |
| FTSMFirst Trust Enhanced Sho | $113M | 5.2% | — | 8.8 yr |
| FDLFirst Trust Morningstar | $80M | 3.7% | — | 5.8 yr |
| QQQInvesco QQQ Trust, Serie | $76M | 3.5% | — | 7.8 yr |
| RDVYFirst Trust Rising Divid | $72M | 3.3% | — | 6.0 yr |
| LMBSFirst Trust Low Duration | $42M | 1.9% | — | 6.8 yr |
| AAPLApple Inc. | $40M | 1.8% | +14.7% | 8.8 yr |
| FSIGFirst Trust Limited Dura | $40M | 1.8% | — | 3.0 yr |
| UCONFirst Trust Smith Uncons | $37M | 1.7% | — | 3.5 yr |
| LVHIFranklin International L | $31M | 1.4% | — | 4.0 yr |
| SCHXSchwab U.S. Large-Cap ET | $29M | 1.3% | — | 5.5 yr |
| IVWiShares S&P 500 Growth E | $26M | 1.2% | — | 7.0 yr |
| LGOVFirst Trust Long Duratio | $24M | 1.1% | — | 1.8 yr |
| FTGCFirst Trust Global Tacti | $24M | 1.1% | — | 8.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management62.2%-1.1pp$1.36B
Asset Management - Leveraged5.6%+0.9pp$122M
Asset Management - Bonds5.5%+0.1pp$119M
Semiconductors2.1%+0.6pp$45M
Consumer Electronics1.9%-0.1pp$41M
Drug Manufacturers - General1.5%+0.4pp$32M
Asset Management - Global1.3%+0.2pp$28M
Software - Infrastructure1.2%-0.3pp$27M
Internet Content & Information1.2%+0.2pp$25M
Regulated Electric1.0%+0.0pp$21M
Country
US97.6%-0.7pp
Unknown0.8%+0.5pp
IE0.4%+0.1pp
GB0.3%+0.1pp
CA0.2%+0.1pp
CH0.1%-0.0pp
TW0.1%+0.1pp
NL0.1%-0.0pp
Top 5: 23.0% · Top 10: 33.5% · Top 25: 47.8%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SPY | $103M | +0.02B | 17.6% |
| NVDA | $13M | +0.01B | 60.9% |
| AAPL | $35M | +0.01B | 14.7% |
| XOM | $9M | +0.00B | 47.6% |
| JPM | $10M | +0.00B | 21.8% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $22M | -0.00B | -0.6% |
Top buys this quarter · 15
| MPC Marathon Petroleum Corporation | +$2M |
| OHI Omega Healthcare Investors, In | +$2M |
| CDE Coeur Mining, Inc.new | +$2M |
| UNP Union Pacific Corporation | +$1M |
| FR First Industrial Realty Trust, | +$1M |
| NEU NewMarket Corporationnew | +$1M |
| UPS United Parcel Service, Inc. | +$1M |
| EMN Eastman Chemical Company | +$1M |
| LSCC Lattice Semiconductor Corporatnew | +$1M |
| NVDA NVIDIA Corporation | +$20M |
Top sells this quarter · 15
| WMT Walmart Inc. | −$8M |
| MTG MGIC Investment Corporationexit | −$3M |
| NVS Novartis AG | −$2M |
| AMZN Amazon.com, Inc. | −$2M |
| SPY State Street SPDR S&P 500 ETF | −$2M |
| LMT Lockheed Martin Corporation | −$2M |
| CVX Chevron Corporation | −$6M |
| CTAS Cintas Corporation | −$2M |
| CMI Cummins Inc. | −$1M |
| MELI MercadoLibre, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.18B | 743 | +17.55% | +17.59% | -0.04% | +0.00B |
| 2025-12-31 | $2.21B | 709 | +16.24% | +17.72% | -1.48% | +0.09B |
| 2025-09-30 | $2.09B | 679 | +17.37% | +17.52% | -0.14% | +0.04B |
| 2025-06-30 | $1.90B | 680 | +16.19% | +14.94% | +1.25% | -0.02B |
| 2025-03-31 | $1.76B | 659 | +10.21% | +8.30% | +1.91% | -0.03B |
| 2024-12-31 | $1.84B | 691 | +22.50% | +24.89% | -2.38% | -0.12B |
| 2024-09-30 | $1.91B | 700 | +32.18% | +36.04% | -3.86% | +0.03B |
| 2024-06-30 | $1.76B | 659 | +18.22% | +24.49% | -6.27% | -0.08B |
| 2024-03-31 | $1.78B | 703 | +22.22% | +29.62% | -7.40% | +0.05B |
| 2023-12-31 | $1.60B | 654 | +18.93% | +26.18% | -7.24% | -0.01B |
| 2023-09-30 | $1.46B | 633 | +15.64% | +21.57% | -5.93% | +0.04B |
| 2023-06-30 | $1.49B | 652 | +15.39% | +19.42% | -4.04% | +0.01B |
| 2023-03-31 | $1.38B | 590 | -6.79% | -7.82% | +1.03% | +0.02B |
| 2022-12-31 | $1.29B | 593 | -15.70% | -18.17% | +2.48% | +0.00B |
| 2022-09-30 | $1.20B | 606 | -12.67% | -15.51% | +2.84% | +0.06B |
| 2022-06-30 | $1.19B | 566 | -8.07% | -10.62% | +2.55% | +0.10B |