Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.88%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.99%
steady accumulation
Rally response
+2.27%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IDEViShares Core MSCI Intern | $20M | 2.1% | — | 7.5 yr |
| ENBEnbridge Inc. | $19M | 2.0% | +29.3% | 2.5 yr |
| HYDWXtrackers Low Beta High | $18M | 2.0% | — | 4.0 yr |
| OKEONEOK, Inc. | $18M | 1.9% | -3.8% | 1.5 yr |
| AMAntero Midstream Corpora | $18M | 1.9% | +33.3% | 1.5 yr |
| VWOBVanguard Emerging Market | $17M | 1.9% | — | 4.3 yr |
| PFFDGlobal X - U.S. Preferre | $17M | 1.8% | — | 7.3 yr |
| IVViShares Core S&P 500 ETF | $17M | 1.8% | — | 6.3 yr |
| KMIKinder Morgan, Inc. | $17M | 1.8% | +22.6% | 3.5 yr |
| JEPIJPMorgan Equity Premium | $17M | 1.8% | — | 4.3 yr |
| TLTWiShares 20+ Year Treasur | $15M | 1.6% | — | 1.5 yr |
| BNLBroadstone Net Lease, In | $15M | 1.6% | +12.8% | 1.5 yr |
| IEMGiShares Core MSCI Emergi | $15M | 1.6% | — | 8.5 yr |
| SCHZSchwab U.S. Aggregate Bo | $14M | 1.5% | — | 6.3 yr |
| BCDabrdn Bloomberg All Comm | $14M | 1.5% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management40.4%-2.7pp$376M
Asset Management - Bonds9.3%-3.0pp$86M
Oil & Gas Midstream8.9%+2.6pp$83M
Drug Manufacturers - General3.1%+0.4pp$29M
Asset Management - Global3.0%-0.1pp$28M
Semiconductors2.9%+0.6pp$27M
Industrial - Machinery2.4%+0.8pp$23M
Aerospace & Defense2.3%+0.6pp$21M
REIT - Mortgage2.2%+1.3pp$21M
Asset Management - Income1.8%+0.3pp$17M
Country
US94.4%-1.2pp
CA2.3%+0.5pp
Unknown1.5%+0.2pp
IE0.8%+0.1pp
GB0.6%+0.3pp
FR0.4%+0.1pp
Top 5: 9.9% · Top 10: 19.0% · Top 25: 39.0%
Top buys this quarter · 15
| RYN Rayonier Inc.new | +$8M |
| AZN AstraZeneca PLCnew | +$3M |
| BNL Broadstone Net Lease, Inc. | +$3M |
| STWD Starwood Property Trust, Inc. | +$3M |
| PAYX Paychex, Inc. | +$1M |
| CL Colgate-Palmolive Company | +$1M |
| AM Antero Midstream Corporation | +$1M |
| KMI Kinder Morgan, Inc. | +$1M |
| OKE ONEOK, Inc. | +$1M |
| ENB Enbridge Inc. | +$1M |
Top sells this quarter · 15
| T AT&T Inc.exit | −$2M |
| WMB The Williams Companies, Inc. | −$12M |
| PSA Public Storage | −$1M |
| AVGO Broadcom Inc. | −$1M |
| KLAC KLA Corporation | −$8M |
| MAA Mid-America Apartment Communit | −$0M |
| ADP Automatic Data Processing, Inc | −$0M |
| PECO Phillips Edison & Company, Incexit | −$0M |
| C Citigroup Inc. | −$0M |
| HUM Humana Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $932M | 199 | +13.17% | +17.59% | -4.42% | -0.01B |
| 2025-12-31 | $909M | 203 | +12.89% | +17.72% | -4.82% | +0.03B |
| 2025-09-30 | $869M | 205 | +11.80% | +17.52% | -5.71% | +0.02B |
| 2025-06-30 | $808M | 205 | +18.75% | +14.94% | +3.80% | +0.04B |
| 2025-03-31 | $747M | 197 | +15.58% | +8.30% | +7.28% | +0.02B |
| 2024-12-31 | $710M | 200 | +20.87% | +24.89% | -4.02% | +0.44B |
| 2024-09-30 | $272M | 178 | +30.94% | +36.04% | -5.10% | -0.01B |
| 2024-06-30 | $256M | 170 | +12.90% | +24.49% | -11.59% | -0.01B |
| 2024-03-31 | $261M | 175 | +14.07% | +29.62% | -15.55% | -0.01B |
| 2023-12-31 | $250M | 172 | +6.51% | +26.18% | -19.66% | -0.00B |
| 2023-09-30 | $234M | 157 | +12.83% | +21.57% | -8.74% | -0.00B |
| 2023-06-30 | $248M | 151 | +13.15% | +19.42% | -6.27% | -0.02B |
| 2023-03-31 | $267M | 167 | +2.49% | -7.82% | +10.31% | +0.01B |
| 2022-12-31 | $258M | 166 | -2.76% | -18.17% | +15.41% | -0.02B |
| 2022-09-30 | $240M | 169 | -6.13% | -15.51% | +9.38% | -0.01B |
| 2022-06-30 | $259M | 171 | -2.32% | -10.62% | +8.30% | -0.00B |