Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.62%
adds when stocks drop
when a holding falls −10%+
Middle response
-9.85%
baseline attrition
Rally response
+0.07%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $5.70B | 38.4% | — | 8.0 yr |
| DYNFiShares U.S. Equity Fact | $1.70B | 11.4% | — | 0.8 yr |
| QQQMInvesco NASDAQ 100 ETF | $1.13B | 7.6% | — | 3.0 yr |
| IJHiShares Core S&P Mid-Cap | $1.07B | 7.2% | — | 7.3 yr |
| IJRiShares Core S&P Small-C | $810M | 5.5% | — | 7.8 yr |
| DFAIDimensional - Internatio | $581M | 3.9% | — | 0.3 yr |
| IWPiShares Russell Mid-Cap | $506M | 3.4% | — | 2.8 yr |
| GNRState Street SPDR S&P Gl | $394M | 2.7% | — | 1.5 yr |
| EWJiShares MSCI Japan ETF | $372M | 2.5% | — | 2.8 yr |
| SPLGSPDR Portfolio S&P 500 E | $325M | 2.2% | — | 2.5 yr |
| IEFAiShares Core MSCI EAFE E | $236M | 1.6% | — | 7.8 yr |
| VOVanguard Mid-Cap ETF | $161M | 1.1% | — | 3.0 yr |
| IUSBiShares Core Universal U | $144M | 1.0% | — | 2.3 yr |
| IDEViShares Core MSCI Intern | $139M | 0.9% | — | 2.3 yr |
| DEXCDimensional - Emerging M | $115M | 0.8% | — | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management94.2%-2.8pp$13.99B
Asset Management - Global2.7%+2.7pp$396M
Asset Management - Bonds1.4%+0.4pp$214M
Asset Management - Leveraged0.5%-0.2pp$80M
Aerospace & Defense0.1%+0.0pp$14M
Consumer Electronics0.1%-0.0pp$12M
Oil & Gas Integrated0.1%-0.0pp$12M
Semiconductors0.1%+0.0pp$11M
Software - Infrastructure0.1%-0.0pp$11M
Drug Manufacturers - General0.1%-0.0pp$10M
Country
US100.0%-0.0pp
CA0.0%+0.0pp
IE0.0%-0.0pp
GB0.0%+0.0pp
CH0.0%+0.0pp
IL0.0%+0.0pp
JP0.0%+0.0pp
Unknown0.0%+0.0pp
Top 5: 70.1% · Top 10: 84.8% · Top 25: 95.9%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| HBT HBT Financial, Inc.new | +$0M |
| AVGO Broadcom Inc. | +$0M |
| EZPW EZCORP, Inc.new | +$0M |
| MSFT Microsoft Corporation | +$10M |
| META Meta Platforms, Inc. | +$2M |
| CAMT Camtek Ltd.new | +$0M |
| NVDA NVIDIA Corporation | +$5M |
| GOOG Alphabet Inc. | +$3M |
| NVS Novartis AG | +$0M |
| AMZN Amazon.com, Inc. | +$5M |
Top sells this quarter · 15
| XOM Exxon Mobil Corporation | −$5M |
| PG The Procter & Gamble Company | −$0M |
| ABBV AbbVie Inc. | −$0M |
| JNJ Johnson & Johnson | −$3M |
| LMT Lockheed Martin Corporation | −$3M |
| CB Chubb Limited | −$0M |
| SJM The J. M. Smucker Company | −$0M |
| BAC Bank of America Corporation | −$0M |
| RY Royal Bank of Canadaexit | −$0M |
| RTX RTX Corporation | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $14.85B | 1125 | +17.91% | +17.59% | +0.32% | +0.45B |
| 2025-12-31 | $14.35B | 766 | +15.99% | +17.72% | -1.73% | +0.32B |
| 2025-09-30 | $13.80B | 616 | +13.60% | +17.52% | -3.92% | +1.22B |
| 2025-06-30 | $11.62B | 598 | +12.12% | +14.94% | -2.82% | +0.47B |
| 2025-03-31 | $10.44B | 616 | +7.92% | +8.30% | -0.39% | +0.02B |
| 2024-12-31 | $10.55B | 436 | +16.68% | +24.89% | -8.21% | +0.23B |
| 2024-09-30 | $10.36B | 461 | +27.47% | +36.04% | -8.56% | +0.06B |
| 2024-06-30 | $9.64B | 484 | +13.11% | +24.49% | -11.39% | -0.16B |
| 2024-03-31 | $9.53B | 556 | +11.52% | +29.62% | -18.10% | +0.41B |
| 2023-12-31 | $8.55B | 472 | +4.95% | +26.18% | -21.23% | +0.29B |
| 2023-09-30 | $7.60B | 468 | -0.78% | +21.57% | -22.35% | +1.69B |
| 2023-06-30 | $6.23B | 62 | -0.04% | +19.42% | -19.47% | +0.31B |
| 2023-03-31 | $5.85B | 89 | -15.93% | -7.82% | -8.12% | -0.59B |
| 2022-12-31 | $6.42B | 40 | +2.81% | +7.56% | -4.75% | +0.35B |
| 2022-09-30 | $5.90B | 39 | -4.49% | -4.93% | +0.44% | -0.10B |
| 2022-06-30 | $6.29B | 66 | -14.77% | -16.11% | +1.34% | +0.59B |