Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.31%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.56%
steady accumulation
Rally response
-0.22%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $600M | 14.4% | +17.6% | 8.5 yr |
| IJRiShares Core S&P Small-C | $239M | 5.7% | — | 8.5 yr |
| IJHiShares Core S&P Mid-Cap | $210M | 5.0% | — | 8.5 yr |
| IEMGiShares Core MSCI Emergi | $206M | 4.9% | — | 8.5 yr |
| PLDPrologis, Inc. | $164M | 3.9% | +22.3% | 8.0 yr |
| IVViShares Core S&P 500 ETF | $157M | 3.8% | — | 8.5 yr |
| AAPLApple Inc. | $134M | 3.2% | +14.7% | 8.5 yr |
| JCPBJPMorgan Core Plus Bond | $128M | 3.1% | — | 1.8 yr |
| LLYEli Lilly and Company | $121M | 2.9% | +12.2% | 8.5 yr |
| RSPInvesco S&P 500 Equal We | $114M | 2.7% | — | 7.8 yr |
| VGITVanguard Intermediate-Te | $109M | 2.6% | — | 7.3 yr |
| NVDANVIDIA Corporation | $84M | 2.0% | +60.9% | 8.5 yr |
| FBNDFidelity Total Bond ETF | $83M | 2.0% | — | 3.3 yr |
| IEFAiShares Core MSCI EAFE E | $73M | 1.7% | — | 8.5 yr |
| VOOVanguard S&P 500 ETF | $69M | 1.6% | — | 8.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management56.1%+2.1pp$2.35B
Asset Management - Bonds7.0%+0.7pp$293M
Drug Manufacturers - General4.1%-0.1pp$171M
REIT - Industrial3.9%+1.1pp$164M
Semiconductors3.3%+0.7pp$136M
Consumer Electronics3.2%-0.5pp$134M
Internet Content & Information2.7%+0.4pp$111M
Software - Infrastructure2.2%-0.7pp$93M
Insurance - Diversified1.5%-0.6pp$64M
Banks - Diversified1.5%-0.1pp$63M
Country
US98.3%-0.1pp
TW0.3%+0.1pp
CA0.2%+0.1pp
GB0.2%-0.0pp
CN0.2%+0.1pp
IE0.2%-0.1pp
Unknown0.2%-0.0pp
NL0.1%+0.0pp
Top 5: 33.9% · Top 10: 49.6% · Top 25: 71.4%
Top buys this quarter · 15
| PLD Prologis, Inc. | +$51M |
| XPEV XPeng Inc. | +$7M |
| TCBX Third Coast Bancshares, Inc.new | +$2M |
| KMB Kimberly-Clark Corporation | +$1M |
| MLM Martin Marietta Materials, Inc | +$1M |
| TROW T. Rowe Price Group, Inc. | +$1M |
| NKE NIKE, Inc. | +$0M |
| TSM Taiwan Semiconductor Manufactu | +$0M |
| MDLZ Mondelez International, Inc. | +$0M |
| RLAY Relay Therapeutics, Inc. | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.18B | 721 | +16.16% | +17.59% | -1.43% | -0.12B |
| 2025-12-31 | $4.49B | 790 | +16.70% | +17.72% | -1.02% | -0.09B |
| 2025-09-30 | $4.38B | 788 | +13.29% | +17.52% | -4.23% | -0.02B |
| 2025-06-30 | $4.06B | 747 | +10.47% | +14.94% | -4.48% | +0.23B |
| 2025-03-31 | $3.58B | 671 | +7.64% | +8.30% | -0.67% | +0.14B |
| 2024-12-31 | $3.57B | 679 | +21.98% | +24.89% | -2.91% | +0.02B |
| 2024-09-30 | $3.50B | 683 | +34.57% | +36.04% | -1.46% | +0.12B |
| 2024-06-30 | $3.19B | 647 | +21.91% | +24.49% | -2.59% | +0.30B |
| 2024-03-31 | $2.78B | 667 | +26.96% | +29.62% | -2.66% | +0.08B |
| 2023-12-31 | $2.47B | 630 | +23.05% | +26.18% | -3.12% | +0.02B |
| 2023-09-30 | $2.19B | 615 | +9.12% | +21.57% | -12.45% | +0.10B |
| 2023-06-30 | $2.19B | 588 | +6.95% | +19.42% | -12.47% | -0.06B |
| 2023-03-31 | $2.07B | 605 | -22.30% | -7.82% | -14.48% | +0.15B |
| 2022-12-31 | $1.82B | 538 | -29.88% | -18.17% | -11.71% | +0.27B |
| 2022-09-30 | $1.56B | 482 | -21.58% | -15.51% | -6.07% | +0.08B |
| 2022-06-30 | $1.58B | 481 | -15.94% | -10.62% | -5.32% | +0.07B |