Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.26%
trims when stocks drop
when a holding falls −10%+
Middle response
+4.65%
steady accumulation
Rally response
-6.86%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $20M | 8.3% | +17.6% | 6.0 yr |
| AAPLApple Inc. | $15M | 6.3% | +14.7% | 6.5 yr |
| OUNZVanEck Merk Gold ETF | $12M | 4.8% | — | 2.5 yr |
| IVViShares Core S&P 500 ETF | $10M | 4.3% | — | 1.8 yr |
| MSFTMicrosoft Corporation | $8M | 3.5% | -0.6% | 8.5 yr |
| IDEViShares Core MSCI Intern | $7M | 3.0% | — | 2.0 yr |
| AMZNAmazon.com, Inc. | $6M | 2.6% | +9.5% | 7.5 yr |
| GOOGAlphabet Inc. | $6M | 2.6% | +84.3% | 6.5 yr |
| GOOGLAlphabet Inc. | $6M | 2.6% | — | 6.5 yr |
| EEMiShares MSCI Emerging Ma | $5M | 2.2% | — | 6.3 yr |
| EFAiShares MSCI EAFE ETF | $5M | 2.1% | — | 4.5 yr |
| EWJiShares MSCI Japan ETF | $5M | 1.9% | — | 5.5 yr |
| GLDSPDR Gold Shares | $4M | 1.7% | — | 7.3 yr |
| BABAAlibaba Group Holding Li | $4M | 1.6% | -3.5% | 2.3 yr |
| XLEState Street Energy Sele | $4M | 1.6% | — | 6.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management50.4%+5.0pp$122M
Consumer Electronics6.3%-2.2pp$15M
Internet Content & Information5.4%+1.6pp$13M
Specialty Retail5.1%-1.4pp$12M
Software - Infrastructure3.8%-3.3pp$9M
Oil & Gas Integrated3.2%+0.9pp$8M
Semiconductors2.6%+0.3pp$6M
Asset Management - Bonds2.3%+1.8pp$5M
Financial - Credit Services1.9%-1.4pp$5M
Discount Stores1.7%-0.3pp$4M
Country
US88.3%+3.3pp
CN1.9%+0.6pp
GB1.6%-0.2pp
MX1.3%-0.4pp
IL1.2%-0.8pp
CA1.2%+0.1pp
IE0.7%-0.4pp
KR0.6%+0.1pp
Top 5: 27.2% · Top 10: 40.1% · Top 25: 61.0%
Top buys this quarter · 15
| XOM Exxon Mobil Corporation | +$1M |
| CVX Chevron Corporation | +$1M |
| BABA Alibaba Group Holding Limited | +$1M |
| STM STMicroelectronics N.V.new | +$0M |
| SHEL Shell plc | +$0M |
| AAPL Apple Inc. | +$15M |
| LYB LyondellBasell Industries N.V. | +$0M |
| BP BP p.l.c. | +$0M |
| TSM Taiwan Semiconductor Manufactu | +$0M |
| RSG Republic Services, Inc. | +$0M |
Top sells this quarter · 15
| SE Sea Limitedexit | −$2M |
| CNQ Canadian Natural Resources Lim | −$1M |
| TMO Thermo Fisher Scientific Inc. | −$1M |
| V Visa Inc. | −$1M |
| EQNR Equinor ASA | −$1M |
| WYNN Wynn Resorts, Limited | −$0M |
| INTC Intel Corporationexit | −$0M |
| COST Costco Wholesale Corporation | −$2M |
| LLY Eli Lilly and Company | −$0M |
| CART Instacart (Maplebear Inc.) | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $242M | 439 | +17.85% | +17.59% | +0.26% | +0.00B |
| 2025-12-31 | $248M | 475 | +17.87% | +17.72% | +0.16% | +0.03B |
| 2025-09-30 | $217M | 446 | +16.04% | +17.52% | -1.47% | +0.00B |
| 2025-06-30 | $194M | 491 | +9.25% | +14.94% | -5.69% | +0.01B |
| 2025-03-31 | $171M | 324 | +6.52% | +8.30% | -1.78% | -0.00B |
| 2024-12-31 | $178M | 312 | +16.59% | +24.89% | -8.30% | -0.01B |
| 2024-09-30 | $188M | 313 | +31.16% | +36.04% | -4.87% | +0.03B |
| 2024-06-30 | $152M | 314 | +21.95% | +24.49% | -2.55% | +0.00B |
| 2024-03-31 | $144M | 310 | +25.07% | +29.62% | -4.55% | +0.00B |
| 2023-12-31 | $135M | 306 | +31.34% | +26.18% | +5.16% | +0.00B |
| 2023-09-30 | $116M | 307 | +22.85% | +21.57% | +1.28% | +0.00B |
| 2023-06-30 | $118M | 304 | +21.02% | +19.42% | +1.59% | -0.01B |
| 2023-03-31 | $114M | 270 | -6.12% | -7.82% | +1.70% | -0.02B |
| 2022-12-31 | $118M | 283 | -19.10% | -18.17% | -0.93% | -0.00B |
| 2022-09-30 | $113M | 303 | -15.35% | -15.51% | +0.16% | -0.01B |
| 2022-06-30 | $130M | 344 | -10.43% | -10.62% | +0.19% | +0.00B |