Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.26%
trims when stocks drop
when a holding falls −10%+
Middle response
-9.07%
baseline attrition
Rally response
-2.55%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| XOMExxon Mobil Corporation | $206M | 8.0% | +47.6% | 9.5 yr |
| VOOVanguard S&P 500 ETF | $150M | 5.8% | — | 9.5 yr |
| ACWIiShares MSCI ACWI ETF | $143M | 5.5% | — | 9.5 yr |
| BNDVanguard Total Bond Mark | $114M | 4.4% | — | 8.3 yr |
| CGDVCapital Group Dividend V | $102M | 3.9% | — | 2.8 yr |
| UITBVictoryShares Core Inter | $97M | 3.7% | — | 4.5 yr |
| JIREJPMorgan International R | $92M | 3.6% | — | 3.0 yr |
| RECSColumbia Research Enhanc | $89M | 3.4% | — | 1.8 yr |
| JCPBJPMorgan Core Plus Bond | $74M | 2.9% | — | 2.3 yr |
| FNDESchwab Fundamental Emerg | $71M | 2.7% | — | 4.0 yr |
| QQQMInvesco NASDAQ 100 ETF | $63M | 2.4% | — | 4.5 yr |
| XLGInvesco S&P 500 Top 50 E | $60M | 2.3% | — | 5.3 yr |
| VXUSVanguard Total Internati | $56M | 2.1% | — | 6.3 yr |
| IEFiShares 7-10 Year Treasu | $50M | 1.9% | — | 7.5 yr |
| AUSFGlobal X - Adaptive U.S. | $47M | 1.8% | — | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management41.0%-0.7pp$1.06B
Asset Management - Bonds13.5%-1.4pp$349M
Oil & Gas Integrated8.5%+0.4pp$221M
Semiconductors3.9%+1.2pp$101M
Drug Manufacturers - General2.4%+0.8pp$62M
Software - Infrastructure2.1%-0.1pp$54M
Asset Management - Global1.8%+1.8pp$48M
Internet Content & Information1.7%+0.1pp$43M
Regulated Electric1.6%+0.7pp$41M
Medical - Devices1.4%+0.1pp$37M
Country
US97.8%-1.0pp
NL0.6%+0.6pp
CA0.5%+0.0pp
IE0.5%+0.4pp
UY0.4%-0.1pp
GB0.1%-0.0pp
Unknown0.0%+0.0pp
BR0.0%+0.0pp
Top 5: 27.6% · Top 10: 43.9% · Top 25: 65.0%
Top buys this quarter · 15
| AVGO Broadcom Inc. | +$11M |
| ABBV AbbVie Inc. | +$8M |
| MCK McKesson Corporation | +$7M |
| MU Micron Technology, Inc. | +$7M |
| IBM International Business Machine | +$6M |
| HPE Hewlett Packard Enterprise Com | +$5M |
| DTE DTE Energy Company | +$5M |
| PM Philip Morris International In | +$4M |
| MSFT Microsoft Corporation | +$27M |
| TGT Target Corporation | +$4M |
Top sells this quarter · 15
| XOM Exxon Mobil Corporation | −$167M |
| PRU Prudential Financial, Inc. | −$10M |
| GS The Goldman Sachs Group, Inc. | −$9M |
| AMAT Applied Materials, Inc. | −$7M |
| LMT Lockheed Martin Corporation | −$7M |
| CVX Chevron Corporation | −$5M |
| BSX Boston Scientific Corporation | −$5M |
| PCAR PACCAR Inc | −$5M |
| V Visa Inc. | −$5M |
| COST Costco Wholesale Corporation | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.59B | 1818 | +19.75% | +17.59% | +2.16% | -0.04B |
| 2025-12-31 | $2.49B | 1578 | +14.80% | +17.72% | -2.92% | -0.03B |
| 2025-09-30 | $2.47B | 1525 | +12.02% | +17.52% | -5.50% | +0.03B |
| 2025-06-30 | $2.34B | 1445 | +15.15% | +14.94% | +0.21% | +0.09B |
| 2025-03-31 | $2.12B | 1394 | +8.64% | +8.30% | +0.34% | -0.02B |
| 2024-12-31 | $2.11B | 1331 | +16.80% | +24.89% | -8.08% | +0.00B |
| 2024-09-30 | $2.11B | 1126 | +23.90% | +36.04% | -12.13% | +0.01B |
| 2024-06-30 | $1.96B | 1111 | +15.90% | +24.49% | -8.60% | +0.01B |
| 2024-03-31 | $1.94B | 1070 | +17.94% | +29.62% | -11.68% | +0.01B |
| 2023-12-31 | $1.77B | 1058 | +9.78% | +26.18% | -16.40% | +0.06B |
| 2023-09-30 | $1.62B | 1068 | +20.35% | +21.57% | -1.22% | +0.04B |
| 2023-06-30 | $1.58B | 1042 | +14.67% | +19.42% | -4.75% | +0.05B |
| 2023-03-31 | $1.50B | 1106 | +4.10% | -7.82% | +11.92% | +0.04B |
| 2022-12-31 | $1.44B | 1002 | -2.08% | -18.17% | +16.10% | +0.05B |
| 2022-09-30 | $1.20B | 976 | -6.11% | -15.51% | +9.40% | +0.11B |
| 2022-06-30 | $1.14B | 883 | -1.20% | -10.62% | +9.42% | +0.06B |