Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.20%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.28%
steady accumulation
Rally response
-0.46%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $22M | 4.8% | +14.7% | 8.5 yr |
| EFAiShares MSCI EAFE ETF | $19M | 4.2% | — | 8.3 yr |
| VUGVanguard Growth ETF | $18M | 4.1% | — | 8.3 yr |
| VBVanguard Small-Cap ETF | $17M | 3.8% | — | 8.3 yr |
| SPYState Street SPDR S&P 50 | $17M | 3.7% | +17.6% | 8.5 yr |
| VOVanguard Mid-Cap ETF | $14M | 3.0% | — | 8.5 yr |
| MSFTMicrosoft Corporation | $13M | 2.9% | -0.6% | 8.5 yr |
| CATCaterpillar Inc. | $12M | 2.7% | +117.8% | 8.3 yr |
| EEMiShares MSCI Emerging Ma | $11M | 2.5% | — | 8.3 yr |
| GOOGLAlphabet Inc. | $9M | 2.1% | — | 8.5 yr |
| SGOViShares 0-3 Month Treasu | $9M | 2.0% | — | 0.5 yr |
| AMZNAmazon.com, Inc. | $9M | 2.0% | +9.5% | 8.5 yr |
| VTVVanguard Value ETF | $9M | 1.9% | — | 2.8 yr |
| SDYState Street SPDR S&P Di | $7M | 1.6% | — | 8.3 yr |
| XOMExxon Mobil Corporation | $7M | 1.6% | +47.6% | 8.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management46.1%+3.5pp$209M
Consumer Electronics4.8%-0.6pp$22M
Asset Management - Bonds4.1%+1.7pp$19M
Drug Manufacturers - General4.1%-0.2pp$18M
Internet Content & Information3.8%+0.7pp$17M
Software - Infrastructure3.2%-0.9pp$15M
Agricultural - Machinery2.8%+1.1pp$13M
Specialty Retail2.5%-0.2pp$11M
Discount Stores2.4%+0.1pp$11M
Oil & Gas Integrated2.3%-0.3pp$10M
Country
US97.6%+0.8pp
GB0.6%+0.1pp
CH0.5%-0.1pp
IE0.4%-0.4pp
CA0.2%-0.1pp
FR0.1%+0.0pp
BM0.1%-0.0pp
CN0.1%
Top 5: 20.6% · Top 10: 33.9% · Top 25: 55.8%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$1M |
| NOW ServiceNow, Inc.new | +$1M |
| PTC PTC Inc.new | +$1M |
| SPY State Street SPDR S&P 500 ETF | +$17M |
| SNPS Synopsys, Inc.new | +$0M |
| META Meta Platforms, Inc. | +$6M |
| CRS Carpenter Technology Corporatinew | +$0M |
| ISRG Intuitive Surgical, Inc. | +$0M |
| AMZN Amazon.com, Inc. | +$9M |
| COST Costco Wholesale Corporation | +$0M |
Top sells this quarter · 15
| CTVA Corteva, Inc. | −$2M |
| AEM Agnico Eagle Mines Limited | −$1M |
| XOM Exxon Mobil Corporation | −$5M |
| ORCL Oracle Corporation | −$0M |
| ADBE Adobe Inc.exit | −$0M |
| RKLB Rocket Lab USA, Inc. | −$0M |
| CI Cigna Corporation | −$0M |
| AAPL Apple Inc. | −$0M |
| PG The Procter & Gamble Company | −$0M |
| UNH UnitedHealth Group Incorporateexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $453M | 233 | +15.57% | +17.59% | -2.02% | +0.01B |
| 2025-12-31 | $450M | 232 | +15.20% | +17.72% | -2.51% | +0.02B |
| 2025-09-30 | $421M | 230 | +11.86% | +17.52% | -5.65% | +0.01B |
| 2025-06-30 | $381M | 216 | +11.97% | +14.94% | -2.97% | -0.01B |
| 2025-03-31 | $367M | 225 | +6.69% | +8.30% | -1.62% | +0.01B |
| 2024-12-31 | $362M | 222 | +18.00% | +24.89% | -6.89% | -0.00B |
| 2024-09-30 | $362M | 230 | +29.88% | +36.04% | -6.15% | +0.02B |
| 2024-06-30 | $316M | 205 | +15.98% | +24.49% | -8.51% | +0.00B |
| 2024-03-31 | $309M | 209 | +22.43% | +29.62% | -7.19% | +0.01B |
| 2023-12-31 | $279M | 200 | +18.14% | +26.18% | -8.04% | -0.00B |
| 2023-09-30 | $254M | 199 | +18.36% | +21.57% | -3.21% | +0.01B |
| 2023-06-30 | $256M | 201 | +17.03% | +19.42% | -2.40% | -0.00B |
| 2023-03-31 | $242M | 193 | -7.73% | -7.82% | +0.09% | +0.00B |
| 2022-12-31 | $230M | 189 | -15.66% | -18.17% | +2.51% | -0.02B |
| 2022-09-30 | $224M | 184 | -15.06% | -15.51% | +0.45% | +0.02B |
| 2022-06-30 | $219M | 175 | -10.18% | -10.62% | +0.44% | +0.02B |