Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.54%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.07%
steady accumulation
Rally response
-1.02%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ASAASA Gold and Precious Me | $26M | 6.0% | +106.2% | 8.3 yr |
| KRThe Kroger Co. | $10M | 2.4% | +9.1% | 8.3 yr |
| RTXRTX Corporation | $10M | 2.3% | +48.1% | 6.0 yr |
| WFCWells Fargo & Company | $9M | 2.1% | +13.3% | 8.3 yr |
| JPMJPMorgan Chase & Co. | $8M | 1.7% | +21.8% | 8.3 yr |
| MSFTMicrosoft Corporation | $8M | 1.7% | -0.6% | 8.3 yr |
| JNJJohnson & Johnson | $7M | 1.7% | +51.5% | 8.3 yr |
| NSCNorfolk Southern Corpora | $7M | 1.7% | +23.6% | 8.3 yr |
| COPConocoPhillips | $7M | 1.6% | +30.0% | 8.3 yr |
| ADMArcher-Daniels-Midland C | $7M | 1.6% | +56.8% | 8.3 yr |
| EMEEMCOR Group, Inc. | $7M | 1.5% | +100.2% | 8.3 yr |
| MLIMueller Industries, Inc. | $6M | 1.5% | +47.2% | 8.3 yr |
| AAPLApple Inc. | $6M | 1.5% | +14.7% | 8.3 yr |
| BRK-BBerkshire Hathaway Inc. | $6M | 1.4% | — | 5.5 yr |
| TDFTempleton Dragon Fund, I | $6M | 1.3% | — | 8.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management17.6%+0.7pp$76M
Aerospace & Defense5.0%+0.4pp$22M
Industrial - Machinery4.2%-0.1pp$18M
Banks - Diversified4.1%-0.5pp$18M
Gold4.0%+2.1pp$17M
Drug Manufacturers - General3.6%+0.3pp$16M
Grocery Stores2.7%-0.5pp$12M
Insurance - Property & Casualty2.6%-0.4pp$11M
Software - Infrastructure2.6%-1.8pp$11M
Engineering & Construction2.5%+1.2pp$11M
Country
US87.7%-1.1pp
GB3.3%+0.3pp
CA2.8%+1.7pp
DE2.1%-0.3pp
SG1.4%-0.1pp
IE1.3%-0.0pp
Unknown1.0%-0.4pp
BM0.3%-0.1pp
Top 5: 14.5% · Top 10: 22.9% · Top 25: 41.9%
Top buys this quarter · 15
| KHC The Kraft Heinz Company | +$0M |
| FCX Freeport-McMoRan Inc. | +$0M |
| PG The Procter & Gamble Company | +$0M |
| UPS United Parcel Service, Inc. | +$0M |
| WPM Wheaton Precious Metals Corp. | +$0M |
| MTN Vail Resorts, Inc. | +$0M |
| PAAS Pan American Silver Corp. | +$0M |
| MRK Merck & Co., Inc. | +$0M |
| WY Weyerhaeuser Company | +$0M |
| ORI Old Republic International Cor | +$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $431M | 208 | +31.18% | +17.59% | +13.59% | -0.00B |
| 2025-12-31 | $413M | 207 | +28.32% | +17.72% | +10.60% | -0.01B |
| 2025-09-30 | $402M | 207 | +20.95% | +17.52% | +3.43% | -0.01B |
| 2025-06-30 | $374M | 206 | +19.81% | +14.94% | +4.87% | +0.01B |
| 2025-03-31 | $341M | 195 | +7.51% | +8.30% | -0.79% | -0.00B |
| 2024-12-31 | $336M | 197 | +14.30% | +24.89% | -10.58% | -0.02B |
| 2024-09-30 | $356M | 442 | +27.78% | +36.04% | -8.26% | +0.01B |
| 2024-06-30 | $318M | 188 | +9.96% | +24.49% | -14.53% | +0.00B |
| 2024-03-31 | $327M | 185 | +16.56% | +29.62% | -13.06% | -0.00B |
| 2023-12-31 | $302M | 180 | +8.40% | +26.18% | -17.78% | +0.00B |
| 2023-09-30 | $273M | 171 | +11.30% | +21.57% | -10.27% | +0.01B |
| 2023-06-30 | $283M | 164 | +13.03% | +19.42% | -6.40% | +0.00B |
| 2023-03-31 | $274M | 158 | -4.26% | -7.82% | +3.56% | -0.00B |
| 2022-12-31 | $272M | 157 | +13.32% | +7.56% | +5.76% | +0.00B |
| 2022-09-30 | $238M | 147 | -3.98% | -4.93% | +0.95% | -0.00B |
| 2022-06-30 | $251M | 148 | -12.99% | -16.11% | +3.12% | +0.01B |