Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.78%
adds when stocks drop
when a holding falls −10%+
Middle response
-4.22%
baseline attrition
Rally response
-4.26%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $128M | 8.9% | — | 1.5 yr |
| MBBiShares MBS ETF | $46M | 3.2% | — | 7.3 yr |
| MSFTMicrosoft Corporation | $42M | 2.9% | -11.3% | 8.0 yr |
| EFAiShares MSCI EAFE ETF | $38M | 2.7% | — | 8.0 yr |
| SPSBState Street SPDR Portfo | $38M | 2.6% | — | 5.8 yr |
| AAPLApple Inc. | $38M | 2.6% | +1.9% | 7.8 yr |
| GOOGLAlphabet Inc. | $38M | 2.6% | — | 8.3 yr |
| IEIiShares 3-7 Year Treasur | $29M | 2.0% | — | 7.0 yr |
| AVGOBroadcom Inc. | $27M | 1.9% | +34.7% | 7.3 yr |
| PIDInvesco International Di | $25M | 1.7% | — | 3.3 yr |
| LQDiShares iBoxx $ Investme | $21M | 1.5% | — | 7.5 yr |
| NVDANVIDIA Corporation | $19M | 1.3% | +29.9% | 7.5 yr |
| PLDPrologis, Inc. | $18M | 1.3% | +30.5% | 5.8 yr |
| SHViShares 0â1 Year Treas | $18M | 1.2% | — | 7.5 yr |
| METAMeta Platforms, Inc. | $18M | 1.2% | -1.9% | 8.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management27.8%+0.9pp$401M
Unknown9.2%+0.5pp$133M
Semiconductors6.2%+2.9pp$89M
Asset Management - Bonds6.0%+0.1pp$86M
Software - Infrastructure4.5%-0.5pp$65M
Internet Content & Information4.2%+1.7pp$61M
Drug Manufacturers - General3.4%+0.5pp$49M
Consumer Electronics2.6%-0.2pp$38M
Banks - Diversified2.2%+0.1pp$31M
Industrial - Machinery1.8%+0.9pp$26M
Country
US82.8%-3.3pp
Unknown9.2%+0.5pp
CA2.0%+0.8pp
NL1.2%+1.2pp
GB1.2%+1.1pp
IE1.1%-1.0pp
JP0.8%
TW0.7%+0.7pp
Top 5: 20.3% · Top 10: 31.1% · Top 25: 48.7%
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$42M |
| STM STMicroelectronics N.V. | +$7M |
| BDX Becton, Dickinson and Company | +$7M |
| DAL Delta Air Lines, Inc. | +$6M |
| BX Blackstone Inc. | +$5M |
| CRM Salesforce, Inc. | +$4M |
| URI United Rentals, Inc. | +$4M |
| AXP American Express Company | +$4M |
| UPS United Parcel Service, Inc. | +$4M |
| TM Toyota Motor Corporation | +$3M |
Top sells this quarter · 15
| AZN AstraZeneca PLC | −$15M |
| AIT Applied Industrial Technologie | −$12M |
| JEF Jefferies Financial Group Inc. | −$11M |
| SMG The Scotts Miracle-Gro Company | −$7M |
| KTB Kontoor Brands, Inc. | −$6M |
| CCJ Cameco Corporation | −$6M |
| DUK Duke Energy Corporation | −$6M |
| NKE NIKE, Inc. | −$5M |
| LITE Lumentum Holdings Inc. | −$3M |
| CNQ Canadian Natural Resources Lim | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.44B | 1451 | +14.78% | +17.59% | -2.81% | +0.02B |
| 2025-12-31 | $1.46B | 1440 | +20.56% | +26.03% | -5.47% | +0.09B |
| 2025-09-30 | $1.34B | 1308 | +27.03% | +29.82% | -2.78% | -0.03B |
| 2025-06-30 | $1.27B | 1140 | +19.83% | +25.32% | -5.49% | -0.03B |
| 2024-12-31 | $1.21B | 314 | +20.98% | +24.89% | -3.91% | +0.15B |
| 2024-09-30 | $1.04B | 291 | +31.17% | +36.04% | -4.86% | +0.01B |
| 2024-06-30 | $957M | 286 | +18.60% | +24.49% | -5.90% | +0.03B |
| 2024-03-31 | $909M | 275 | +23.25% | +29.62% | -6.38% | +0.04B |
| 2023-12-31 | $805M | 272 | +17.72% | +26.18% | -8.45% | -0.03B |
| 2023-09-30 | $756M | 281 | +18.43% | +21.57% | -3.13% | +0.01B |
| 2023-06-30 | $766M | 282 | +14.19% | +19.42% | -5.23% | +0.09B |
| 2023-03-31 | $645M | 256 | -3.83% | -7.82% | +3.99% | +0.09B |
| 2022-12-31 | $533M | 259 | -11.41% | -18.17% | +6.76% | +0.01B |
| 2022-09-30 | $467M | 267 | -11.75% | -15.51% | +3.76% | +0.04B |
| 2022-06-30 | $458M | 243 | -5.35% | -10.62% | +5.27% | +0.01B |
| 2022-03-31 | $509M | 250 | +15.45% | +15.45% | -0.00% | +0.01B |