Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.35%
trims when stocks drop
when a holding falls −10%+
Middle response
+3.46%
steady accumulation
Rally response
-7.25%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| FDLFirst Trust Morningstar | $24M | 4.5% | — | 5.8 yr |
| IWYiShares Russell Top 200 | $21M | 3.9% | — | 6.8 yr |
| SPYGState Street SPDR Portfo | $20M | 3.9% | — | 7.0 yr |
| SCHXSchwab U.S. Large-Cap ET | $19M | 3.7% | — | 7.3 yr |
| SPLGSPDR Portfolio S&P 500 E | $19M | 3.7% | — | 5.8 yr |
| OEFiShares S&P 100 ETF | $19M | 3.6% | — | 5.8 yr |
| VVVanguard Large-Cap ETF | $18M | 3.4% | — | 5.8 yr |
| VSDAVictoryShares Dividend A | $16M | 3.1% | — | 5.8 yr |
| FHLCFidelity MSCI Health Car | $15M | 2.9% | — | 5.8 yr |
| SPTMState Street SPDR Portfo | $10M | 2.0% | — | 7.0 yr |
| PAVEGlobal X - U.S. Infrastr | $10M | 1.9% | — | 2.8 yr |
| VYMVanguard High Dividend Y | $9M | 1.8% | — | 7.0 yr |
| DIVOAmplify CWP Enhanced Div | $9M | 1.7% | — | 7.0 yr |
| ILCGiShares Morningstar Grow | $9M | 1.7% | — | 2.8 yr |
| VONGVanguard Russell 1000 Gr | $9M | 1.7% | — | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management67.0%+5.8pp$350M
Asset Management - Global2.6%+0.8pp$13M
Asset Management - Income1.8%+0.2pp$10M
Asset Management - Bonds1.6%+0.1pp$8M
Semiconductors1.3%+0.6pp$7M
Telecommunications Services1.0%-0.5pp$5M
Software - Infrastructure1.0%-0.1pp$5M
Banks - Regional1.0%-1.1pp$5M
Drug Manufacturers - General1.0%+0.2pp$5M
Packaged Foods0.9%+0.3pp$5M
Country
US95.8%+3.3pp
GB1.0%-0.5pp
CA0.5%-1.2pp
Unknown0.5%-0.3pp
IE0.4%+0.1pp
NL0.4%-0.1pp
IL0.3%-0.1pp
FR0.2%-0.0pp
Top 5: 19.7% · Top 10: 34.8% · Top 25: 56.0%
Top buys this quarter · 15
| VICI VICI Properties Inc. | +$1M |
| BX Blackstone Inc. | +$1M |
| BR Broadridge Financial Solutions | +$1M |
| KMB Kimberly-Clark Corporation | +$1M |
| ACN Accenture plc | +$1M |
| GIS General Mills, Inc. | +$1M |
| ADP Automatic Data Processing, Inc | +$1M |
| RELX RELX Plc | +$1M |
| SNY Sanofi | +$1M |
| NVO Novo Nordisk A/S | +$1M |
Top sells this quarter · 15
| CF CF Industries Holdings, Inc.exit | −$3M |
| CNQ Canadian Natural Resources Lim | −$2M |
| CVE Cenovus Energy Inc.exit | −$2M |
| APA APA Corporation | −$2M |
| USB U.S. Bancorp | −$2M |
| INTC Intel Corporation | −$1M |
| NTR Nutrien Ltd. | −$1M |
| SU Suncor Energy Inc. | −$1M |
| HII Huntington Ingalls Industries,exit | −$1M |
| RIO Rio Tinto Groupexit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $523M | 839 | +20.05% | +17.59% | +2.46% | -0.04B |
| 2025-12-31 | $546M | 837 | +14.57% | +17.72% | -3.15% | -0.01B |
| 2025-09-30 | $540M | 862 | +9.45% | +17.52% | -8.07% | -0.01B |
| 2025-06-30 | $510M | 916 | +10.93% | +14.94% | -4.01% | +0.02B |
| 2025-03-31 | $461M | 954 | +2.21% | +8.30% | -6.10% | +0.01B |
| 2024-12-31 | $455M | 935 | +10.55% | +24.89% | -14.34% | +0.01B |
| 2024-09-30 | $457M | 965 | +24.91% | +36.04% | -11.12% | -0.01B |
| 2024-06-30 | $428M | 1047 | +14.85% | +24.49% | -9.64% | +0.01B |
| 2024-03-31 | $427M | 1024 | +21.56% | +29.62% | -8.06% | -0.02B |
| 2023-12-31 | $414M | 1058 | +17.82% | +26.18% | -8.36% | -0.01B |
| 2023-09-30 | $383M | 1069 | +19.46% | +21.57% | -2.11% | -0.01B |
| 2023-06-30 | $396M | 1081 | +11.61% | +19.42% | -7.81% | +0.00B |
| 2023-03-31 | $385M | 1120 | -5.89% | -7.82% | +1.93% | +0.00B |
| 2022-12-31 | $369M | 1137 | -13.47% | -18.17% | +4.70% | +0.00B |
| 2022-09-30 | $326M | 1074 | -14.63% | -15.51% | +0.87% | +0.02B |
| 2022-06-30 | $332M | 1068 | -7.95% | -10.62% | +2.67% | +0.03B |