Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.67%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.72%
steady accumulation
Rally response
+1.48%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $42M | 5.9% | +14.7% | 8.0 yr |
| IVViShares Core S&P 500 ETF | $30M | 4.2% | — | 8.0 yr |
| SPLGSPDR Portfolio S&P 500 E | $27M | 3.9% | — | 5.3 yr |
| DYNFiShares U.S. Equity Fact | $24M | 3.4% | — | 2.3 yr |
| IVEiShares S&P 500 Value ET | $17M | 2.4% | — | 4.3 yr |
| IVWiShares S&P 500 Growth E | $16M | 2.3% | — | 5.8 yr |
| QUALiShares MSCI USA Quality | $15M | 2.1% | — | 6.3 yr |
| EFViShares MSCI EAFE Value | $15M | 2.1% | — | 5.8 yr |
| SCHZSchwab U.S. Aggregate Bo | $14M | 1.9% | — | 8.0 yr |
| — | $12M | 1.7% | — | 0.3 yr |
| SPYState Street SPDR S&P 50 | $11M | 1.6% | +17.6% | 8.0 yr |
| MSFTMicrosoft Corporation | $10M | 1.3% | -0.6% | 8.0 yr |
| MGKVanguard Mega Cap Growth | $9M | 1.2% | — | 8.0 yr |
| VOOVanguard S&P 500 ETF | $9M | 1.2% | — | 8.0 yr |
| THROiShares U.S. Thematic Ro | $9M | 1.2% | — | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management57.2%-6.4pp$405M
Asset Management - Bonds6.1%-1.7pp$43M
Consumer Electronics5.9%-0.1pp$42M
Unknown4.2%+2.0pp$30M
Semiconductors2.6%+1.4pp$18M
Internet Content & Information2.5%+0.6pp$18M
Software - Infrastructure1.6%+0.2pp$12M
Drug Manufacturers - General1.5%+0.3pp$11M
Banks - Diversified1.2%+0.4pp$9M
Specialty Retail1.2%+0.2pp$9M
Country
US93.6%-2.1pp
Unknown4.2%+2.0pp
CA1.5%+0.0pp
GB0.3%+0.1pp
IE0.2%+0.0pp
TW0.1%+0.0pp
CH0.0%+0.0pp
BM0.0%
Top 5: 19.8% · Top 10: 30.0% · Top 25: 47.4%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| AAPL | $30M | +0.00B | 14.7% |
| NVDA | $4M | +0.00B | 60.9% |
| GOOG | $2M | +0.00B | 84.3% |
| SPY | $7M | +0.00B | 17.6% |
| AMZN | $4M | +0.00B | 9.5% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $5M | -0.00B | -0.6% |
Top buys this quarter · 15
| BE Bloom Energy Corporation | +$0M |
| AZN AstraZeneca PLCnew | +$0M |
| BDX Becton, Dickinson and Company | +$0M |
| ICE Intercontinental Exchange, Incnew | +$0M |
| CSX CSX Corporationnew | +$0M |
| GLW Corning Incorporatednew | +$0M |
| APD Air Products and Chemicals, In | +$0M |
| SBUX Starbucks Corporation | +$0M |
| MSFT Microsoft Corporation | +$10M |
| FIS Fidelity National Information | +$0M |
Top sells this quarter · 15
| PSX Phillips 66 | −$1M |
| AAPL Apple Inc. | −$1M |
| SPY State Street SPDR S&P 500 ETF | −$1M |
| AMGN Amgen Inc. | −$0M |
| GOOG Alphabet Inc. | −$0M |
| ISRG Intuitive Surgical, Inc.exit | −$0M |
| THM International Tower Hill Minesexit | −$0M |
| PG The Procter & Gamble Company | −$0M |
| AMAT Applied Materials, Inc. | −$1M |
| NVDA NVIDIA Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $708M | 396 | +19.86% | +17.59% | +2.27% | +0.01B |
| 2025-12-31 | $722M | 388 | +17.11% | +17.72% | -0.61% | +0.09B |
| 2025-09-30 | $610M | 345 | +17.69% | +17.52% | +0.17% | -0.01B |
| 2025-06-30 | $558M | 317 | +13.09% | +14.94% | -1.85% | +0.03B |
| 2025-03-31 | $492M | 283 | +14.10% | +8.30% | +5.80% | +0.02B |
| 2024-12-31 | $497M | 279 | +24.07% | +24.89% | -0.81% | -0.01B |
| 2024-09-30 | $483M | 281 | +31.57% | +36.04% | -4.47% | +0.00B |
| 2024-06-30 | $448M | 258 | +14.77% | +24.49% | -9.73% | -0.01B |
| 2024-03-31 | $428M | 260 | +17.17% | +29.62% | -12.46% | +0.02B |
| 2023-12-31 | $400M | 243 | +27.33% | +26.18% | +1.15% | -0.00B |
| 2023-09-30 | $360M | 239 | +15.80% | +21.57% | -5.77% | +0.00B |
| 2023-06-30 | $380M | 246 | +18.11% | +19.42% | -1.31% | +0.01B |
| 2023-03-31 | $341M | 249 | -12.79% | -7.82% | -4.97% | -0.01B |
| 2022-12-31 | $311M | 233 | -25.29% | -18.17% | -7.12% | +0.01B |
| 2022-09-30 | $294M | 223 | -17.82% | -15.51% | -2.31% | -0.01B |
| 2022-06-30 | $313M | 228 | -13.59% | -10.62% | -2.97% | +0.02B |