Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.16%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.38%
baseline attrition
Rally response
-11.04%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| QLTYGMO U.S. Quality ETF | $128M | 15.3% | — | 1.0 yr |
| IJRiShares Core S&P Small-C | $38M | 4.5% | — | 4.0 yr |
| IVViShares Core S&P 500 ETF | $37M | 4.4% | — | 9.3 yr |
| IWBiShares Russell 1000 ETF | $32M | 3.8% | — | 9.3 yr |
| AAPLApple Inc. | $31M | 3.7% | +14.7% | 9.3 yr |
| MTZMasTec, Inc. | $30M | 3.6% | +175.7% | 4.0 yr |
| VOOVanguard S&P 500 ETF | $30M | 3.6% | — | 9.3 yr |
| SPYState Street SPDR S&P 50 | $26M | 3.1% | +17.6% | 9.3 yr |
| GQGUGQG US Equity ETF | $26M | 3.1% | — | 0.8 yr |
| IWRiShares Russell Mid-Cap | $21M | 2.5% | — | 8.0 yr |
| METAMeta Platforms, Inc. | $17M | 2.0% | -0.4% | 8.5 yr |
| GOOGLAlphabet Inc. | $16M | 1.9% | — | 9.3 yr |
| VERXVertex, Inc. | $16M | 1.9% | -66.0% | 4.8 yr |
| XLKState Street Technology | $14M | 1.6% | — | 8.0 yr |
| VTIVanguard Total Stock Mar | $13M | 1.6% | — | 9.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management59.3%+30.7pp$497M
Internet Content & Information5.0%+0.6pp$42M
Software - Application4.0%-4.8pp$33M
Consumer Electronics3.7%-0.7pp$31M
Engineering & Construction3.7%-5.9pp$31M
Semiconductors2.6%-0.6pp$22M
Specialty Retail2.2%-0.3pp$19M
Drug Manufacturers - General2.1%-1.0pp$18M
Software - Infrastructure1.9%-2.0pp$16M
Insurance - Diversified1.5%-0.2pp$12M
Country
US97.9%+0.7pp
UY0.4%-0.0pp
TW0.4%+0.2pp
BM0.3%+0.1pp
IE0.2%-0.7pp
CA0.2%+0.1pp
CN0.2%+0.0pp
LU0.2%+0.0pp
Top 5: 31.7% · Top 10: 47.5% · Top 25: 68.6%
Top buys this quarter · 15
| JNJ Johnson & Johnson | +$0M |
| MSFT Microsoft Corporation | +$12M |
| AEM Agnico Eagle Mines Limitednew | +$0M |
| NATL NCR Atleos Corporationnew | +$0M |
| BWXT BWX Technologies, Inc.new | +$0M |
| TSLA Tesla, Inc. | +$5M |
| AVGO Broadcom Inc. | +$2M |
| TSM Taiwan Semiconductor Manufactu | +$0M |
| GE GE Aerospace | +$0M |
| CION CION Investment Corporationnew | +$0M |
Top sells this quarter · 15
| MTZ MasTec, Inc. | −$92M |
| ADP Automatic Data Processing, Inc | −$2M |
| AAPL Apple Inc. | −$1M |
| DLR Digital Realty Trust, Inc.exit | −$1M |
| MU Micron Technology, Inc. | −$1M |
| AGX Argan, Inc.exit | −$0M |
| WMB The Williams Companies, Inc. | −$2M |
| LLY Eli Lilly and Company | −$0M |
| VST Vistra Corp. | −$0M |
| CVS CVS Health Corporationexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $838M | 277 | +42.05% | +17.59% | +24.45% | -0.10B |
| 2025-12-31 | $921M | 287 | +27.28% | +17.72% | +9.56% | +0.13B |
| 2025-09-30 | $810M | 250 | +40.76% | +17.52% | +23.24% | +0.80B |
| 2025-06-30 | $5M | 5 | +15.20% | +14.94% | +0.26% | -1.01B |
| 2025-03-31 | $945M | 392 | +12.41% | +8.30% | +4.11% | +0.00B |
| 2024-12-31 | $1.03B | 409 | +36.93% | +24.89% | +12.04% | +0.04B |
| 2024-09-30 | $923M | 375 | +41.08% | +36.04% | +5.04% | +0.03B |
| 2024-06-30 | $822M | 326 | +8.65% | +24.49% | -15.84% | -0.01B |
| 2024-03-31 | $791M | 313 | +15.91% | +29.62% | -13.71% | -0.07B |
| 2023-12-31 | $774M | 303 | +12.51% | +26.18% | -13.67% | +0.09B |
| 2023-09-30 | $620M | 279 | +17.76% | +21.57% | -3.81% | +0.06B |
| 2023-06-30 | $674M | 266 | +30.86% | +19.42% | +11.44% | +0.07B |
| 2023-03-31 | $542M | 248 | -5.11% | -7.82% | +2.71% | -0.05B |
| 2022-12-31 | $546M | 242 | -16.47% | -18.17% | +1.71% | +0.02B |
| 2022-09-30 | $453M | 226 | -19.90% | -15.51% | -4.39% | +0.01B |
| 2022-06-30 | $476M | 221 | -13.23% | -10.62% | -2.61% | +0.06B |