Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.36%
adds when stocks drop
when a holding falls −10%+
Middle response
+4.07%
steady accumulation
Rally response
+0.94%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $192M | 20.1% | — | 8.5 yr |
| AAPLApple Inc. | $45M | 4.7% | +14.7% | 8.5 yr |
| VTIVanguard Total Stock Mar | $35M | 3.7% | — | 8.5 yr |
| WBDWarner Bros. Discovery, | $30M | 3.1% | +155.9% | 4.0 yr |
| NVDANVIDIA Corporation | $29M | 3.0% | +60.9% | 8.5 yr |
| SPYState Street SPDR S&P 50 | $24M | 2.5% | +17.6% | 8.5 yr |
| MSFTMicrosoft Corporation | $22M | 2.3% | -0.6% | 8.5 yr |
| ABBVAbbVie Inc. | $20M | 2.1% | +7.3% | 8.5 yr |
| SHOPShopify Inc. | $18M | 1.9% | +24.2% | 2.3 yr |
| METAMeta Platforms, Inc. | $18M | 1.8% | -0.4% | 8.5 yr |
| IVOGVanguard S&P Mid-Cap 400 | $17M | 1.8% | — | 0.5 yr |
| ACWIiShares MSCI ACWI ETF | $17M | 1.7% | — | 8.5 yr |
| TRGPTarga Resources Corp. | $16M | 1.7% | +28.0% | 8.5 yr |
| AMZNAmazon.com, Inc. | $15M | 1.6% | +9.5% | 8.5 yr |
| GOOGLAlphabet Inc. | $14M | 1.5% | — | 8.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management41.6%-4.7pp$397M
Semiconductors5.3%+2.6pp$51M
Consumer Electronics4.8%-0.1pp$45M
Internet Content & Information3.9%+0.4pp$38M
Drug Manufacturers - General3.9%-0.2pp$37M
Software - Infrastructure3.7%+0.5pp$35M
Entertainment3.6%+1.6pp$34M
Software - Application2.6%-0.1pp$25M
Oil & Gas Midstream2.0%-0.1pp$19M
Specialty Retail1.9%+0.1pp$18M
Country
US95.7%-0.6pp
CA1.9%-0.1pp
GB0.4%-0.1pp
TW0.4%+0.2pp
IE0.3%-0.2pp
CH0.2%+0.0pp
AU0.2%+0.1pp
Unknown0.2%
Top 5: 34.6% · Top 10: 45.3% · Top 25: 63.2%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$4M |
| WMS Advanced Drainage Systems, Incnew | +$4M |
| AAPL Apple Inc. | +$45M |
| MSFT Microsoft Corporation | +$22M |
| PLTR Palantir Technologies Inc. | +$1M |
| AVGO Broadcom Inc. | +$1M |
| AMZN Amazon.com, Inc. | +$15M |
| MU Micron Technology, Inc. | +$1M |
| META Meta Platforms, Inc. | +$18M |
| DY Dycom Industries, Inc. | +$1M |
Top sells this quarter · 15
| FCF First Commonwealth Financial Cexit | −$3M |
| SPY State Street SPDR S&P 500 ETF | −$1M |
| PG The Procter & Gamble Company | −$1M |
| MYRG MYR Group Inc. | −$2M |
| EA Electronic Arts Inc. | −$1M |
| EQIX Equinix, Inc. | −$0M |
| ACN Accenture plc | −$0M |
| AMAT Applied Materials, Inc. | −$0M |
| AON Aon plcexit | −$0M |
| HLT Hilton Worldwide Holdings Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $954M | 360 | +19.20% | +17.59% | +1.61% | +0.06B |
| 2025-12-31 | $935M | 332 | +21.17% | +17.72% | +3.45% | +0.02B |
| 2025-09-30 | $877M | 323 | +20.22% | +17.52% | +2.71% | +0.03B |
| 2025-06-30 | $766M | 304 | +18.42% | +14.94% | +3.47% | +0.01B |
| 2025-03-31 | $694M | 275 | +12.54% | +8.30% | +4.23% | +0.02B |
| 2024-12-31 | $696M | 248 | +24.50% | +24.89% | -0.39% | -0.07B |
| 2024-09-30 | $740M | 283 | +35.55% | +36.04% | -0.48% | +0.01B |
| 2024-06-30 | $668M | 266 | +16.75% | +24.49% | -7.74% | +0.05B |
| 2024-03-31 | $602M | 251 | +19.84% | +29.62% | -9.79% | -0.01B |
| 2023-12-31 | $565M | 233 | +20.72% | +26.18% | -5.46% | +0.09B |
| 2023-09-30 | $420M | 186 | +12.65% | +21.57% | -8.92% | -0.00B |
| 2023-06-30 | $451M | 203 | +13.00% | +19.42% | -6.42% | -0.00B |
| 2023-03-31 | $429M | 195 | -10.45% | -7.82% | -2.63% | -0.01B |
| 2022-12-31 | $410M | 197 | -20.98% | -18.17% | -2.80% | +0.00B |
| 2022-09-30 | $388M | 189 | -16.18% | -15.51% | -0.67% | +0.00B |
| 2022-06-30 | $412M | 236 | -10.42% | -10.62% | +0.20% | +0.01B |