Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+5.46%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.68%
baseline attrition
Rally response
-17.90%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $17M | 3.5% | +14.7% | 5.0 yr |
| SPYState Street SPDR S&P 50 | $10M | 2.1% | +17.6% | 5.0 yr |
| FIXDFirst Trust Smith Opport | $10M | 2.1% | — | 4.8 yr |
| FTSMFirst Trust Enhanced Sho | $9M | 1.9% | — | 4.8 yr |
| RDVYFirst Trust Rising Divid | $9M | 1.8% | — | 4.5 yr |
| FTCSFirst Trust Capital Stre | $8M | 1.7% | — | 5.0 yr |
| SDVYFirst Trust SMID Cap Ris | $8M | 1.7% | — | 2.3 yr |
| DFSDDimensional - Short Dura | $8M | 1.6% | — | 0.5 yr |
| BNDVanguard Total Bond Mark | $8M | 1.6% | — | 4.8 yr |
| IVViShares Core S&P 500 ETF | $7M | 1.5% | — | 5.0 yr |
| LMBSFirst Trust Low Duration | $7M | 1.4% | — | 4.3 yr |
| USIGiShares Broad USD Invest | $7M | 1.4% | — | 3.0 yr |
| QQQInvesco QQQ Trust, Serie | $7M | 1.3% | — | 5.0 yr |
| SFLRInnovator Equity Managed | $6M | 1.3% | — | 2.8 yr |
| FEXFirst Trust Large Cap Co | $6M | 1.3% | — | 3.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management51.7%+1.1pp$254M
Asset Management - Bonds6.7%-0.4pp$33M
Asset Management - Income5.5%-0.5pp$27M
Consumer Electronics3.5%+2.3pp$17M
Software - Infrastructure3.0%-1.0pp$15M
Semiconductors2.5%+0.1pp$12M
Banks - Diversified2.3%+1.6pp$11M
Specialty Retail2.1%+0.5pp$10M
Asset Management - Leveraged2.0%-3.8pp$10M
Unknown1.8%-1.3pp$9M
Country
US95.0%+0.8pp
Unknown1.8%-1.3pp
CA0.7%-0.0pp
IE0.5%-0.1pp
KR0.3%+0.2pp
UY0.3%+0.0pp
AU0.3%
BR0.2%-0.0pp
Top 5: 11.4% · Top 10: 19.4% · Top 25: 37.6%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $3M | +0.00B | 60.9% |
| SPY | $9M | +0.00B | 17.6% |
| AAPL | $4M | +0.00B | 14.7% |
| AMZN | $3M | +0.00B | 9.5% |
| JPM | $0M | +0.00B | 21.8% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $4M | -0.00B | -0.6% |
Top buys this quarter · 15
| PLTR Palantir Technologies Inc. | +$1M |
| MSFT Microsoft Corporation | +$1M |
| GM General Motors Company | +$1M |
| EIX Edison International | +$1M |
| NVDA NVIDIA Corporation | +$1M |
| PFE Pfizer Inc. | +$1M |
| HTGC Hercules Capital, Inc. | +$1M |
| AAPL Apple Inc. | +$17M |
| AXP American Express Company | +$1M |
| NOW ServiceNow, Inc. | +$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $491M | 1823 | +23.80% | +17.59% | +6.21% | +0.06B |
| 2025-12-31 | $462M | 1758 | +25.19% | +17.72% | +7.47% | +0.05B |
| 2025-09-30 | $409M | 1604 | +36.89% | +17.52% | +19.37% | +0.03B |
| 2025-06-30 | $333M | 286 | +29.55% | +14.94% | +14.61% | -0.01B |
| 2025-03-31 | $300M | 275 | +16.08% | +8.30% | +7.77% | +0.02B |
| 2024-12-31 | $292M | 272 | +32.89% | +24.89% | +8.00% | -0.02B |
| 2024-09-30 | $280M | 263 | +35.52% | +36.04% | -0.51% | +0.00B |
| 2024-06-30 | $256M | 237 | +21.79% | +24.49% | -2.70% | +0.01B |
| 2024-03-31 | $245M | 225 | +30.22% | +29.62% | +0.60% | -0.01B |
| 2023-12-31 | $236M | 215 | +31.08% | +26.18% | +4.91% | -0.01B |
| 2023-09-30 | $220M | 220 | +18.76% | +21.57% | -2.81% | +0.01B |
| 2023-06-30 | $221M | 224 | +15.06% | +19.42% | -4.37% | +0.01B |
| 2023-03-31 | $196M | 190 | -16.59% | -7.82% | -8.77% | -0.01B |
| 2022-12-31 | $187M | 207 | -27.55% | -18.17% | -9.38% | -0.00B |
| 2022-09-30 | $184M | 187 | -21.81% | -15.51% | -6.30% | +0.01B |
| 2022-06-30 | $189M | 182 | -16.20% | -10.62% | -5.58% | +0.01B |