Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.86%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.86%
baseline attrition
Rally response
+1.26%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TFLOiShares Treasury Floatin | $40M | 10.3% | — | 3.8 yr |
| SPDWState Street SPDR Portfo | $30M | 7.6% | — | 4.5 yr |
| SPTMState Street SPDR Portfo | $29M | 7.4% | — | 4.5 yr |
| BNDXVanguard Total Internati | $23M | 5.9% | — | 1.8 yr |
| VEAVanguard FTSE Developed | $20M | 5.1% | — | 4.3 yr |
| VTVVanguard Value ETF | $19M | 4.9% | — | 2.0 yr |
| BNDVanguard Total Bond Mark | $15M | 3.9% | — | 3.5 yr |
| CMFiShares California Muni | $15M | 3.8% | — | 4.5 yr |
| VTIVanguard Total Stock Mar | $12M | 3.2% | — | 4.3 yr |
| IEIiShares 3-7 Year Treasur | $12M | 3.1% | — | 3.8 yr |
| SPTSState Street SPDR Portfo | $12M | 3.0% | — | 3.8 yr |
| MUBiShares National Muni Bo | $12M | 3.0% | — | 4.5 yr |
| VBVanguard Small-Cap ETF | $8M | 2.1% | — | 2.0 yr |
| VUGVanguard Growth ETF | $8M | 2.1% | — | 1.8 yr |
| VGLTVanguard Long-Term Treas | $8M | 2.1% | — | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management57.0%-2.3pp$223M
Asset Management - Bonds27.8%+1.0pp$109M
Asset Management - Leveraged3.7%-0.5pp$15M
Consumer Electronics1.3%-0.1pp$5M
Software - Infrastructure1.3%+0.3pp$5M
Insurance - Diversified1.0%+0.1pp$4M
Insurance - Property & Casualty0.9%+0.1pp$3M
Discount Stores0.7%+0.1pp$3M
Semiconductors0.7%+0.5pp$3M
Internet Content & Information0.6%+0.4pp$2M
Country
US99.3%+0.0pp
CA0.5%+0.1pp
IE0.1%-0.2pp
CH0.1%
Top 5: 36.3% · Top 10: 55.2% · Top 25: 80.1%
Top buys this quarter · 15
| KMI Kinder Morgan, Inc. | +$0M |
| AMAT Applied Materials, Inc.new | +$0M |
| TSLA Tesla, Inc. | +$0M |
| OCGN Ocugen, Inc. | +$0M |
| PLTR Palantir Technologies Inc. | +$0M |
| MU Micron Technology, Inc. | +$0M |
| GOOG Alphabet Inc. | +$1M |
| MO Altria Group, Inc. | +$0M |
| CSX CSX Corporation | +$0M |
| SPY State Street SPDR S&P 500 ETF | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $391M | 125 | +14.45% | +17.59% | -3.14% | +0.01B |
| 2025-12-31 | $394M | 129 | +17.55% | +17.72% | -0.17% | +0.02B |
| 2025-09-30 | $377M | 126 | +23.49% | +17.52% | +5.98% | +0.01B |
| 2025-06-30 | $333M | 100 | +23.44% | +14.94% | +8.50% | -0.02B |
| 2025-03-31 | $316M | 95 | +16.48% | +8.30% | +8.17% | +0.01B |
| 2024-12-31 | $313M | 90 | +27.23% | +24.89% | +2.34% | -0.01B |
| 2024-09-30 | $309M | 81 | +39.36% | +36.04% | +3.32% | +0.00B |
| 2024-06-30 | $278M | 72 | +17.59% | +24.49% | -6.90% | -0.01B |
| 2024-03-31 | $274M | 71 | +26.91% | +29.62% | -2.71% | +0.00B |
| 2023-12-31 | $254M | 61 | +34.39% | +26.18% | +8.21% | +0.01B |
| 2023-09-30 | $218M | 46 | +16.19% | +21.57% | -5.38% | +0.02B |
| 2023-06-30 | $218M | 60 | +25.37% | +19.42% | +5.94% | +0.00B |
| 2023-03-31 | $190M | 54 | -17.13% | -7.82% | -9.31% | -0.00B |
| 2022-12-31 | $167M | 52 | -30.84% | -18.17% | -12.66% | +0.04B |
| 2022-09-30 | $132M | 40 | -0.41% | -4.93% | +4.52% | +0.03B |
| 2022-06-30 | $103M | 41 | -25.54% | -16.11% | -9.43% | +0.03B |