Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.73%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.49%
steady accumulation
Rally response
+7.91%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPLGSPDR Portfolio S&P 500 E | $202M | 6.6% | — | 6.0 yr |
| NVDANVIDIA Corporation | $129M | 4.2% | +60.9% | 8.0 yr |
| AAPLApple Inc. | $115M | 3.7% | +14.7% | 8.5 yr |
| DGRWWisdomTree U.S. Quality | $107M | 3.5% | — | 4.5 yr |
| QGROAmerican Century U.S. Qu | $99M | 3.2% | — | 2.0 yr |
| VOOVanguard S&P 500 ETF | $61M | 2.0% | — | 8.5 yr |
| AMZNAmazon.com, Inc. | $52M | 1.7% | +9.5% | 8.5 yr |
| FLQMFranklin U.S. Mid Cap Mu | $49M | 1.6% | — | 1.3 yr |
| PRFInvesco RAFI US 1000 ETF | $49M | 1.6% | — | 4.0 yr |
| CGGECapital Group Global Equ | $48M | 1.6% | — | 1.5 yr |
| VOVanguard Mid-Cap ETF | $43M | 1.4% | — | 7.5 yr |
| AMATApplied Materials, Inc. | $40M | 1.3% | +137.6% | 7.5 yr |
| IQLTiShares MSCI Intl Qualit | $38M | 1.2% | — | 5.5 yr |
| PABPGIM Active Aggregate Bo | $35M | 1.1% | — | 1.3 yr |
| FBNDFidelity Total Bond ETF | $35M | 1.1% | — | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management48.4%-7.2pp$1.49B
Semiconductors8.8%+3.5pp$271M
Asset Management - Bonds7.1%+0.2pp$219M
Consumer Electronics3.7%+0.3pp$115M
Asset Management - Income2.8%+1.9pp$87M
Internet Content & Information2.1%+0.9pp$64M
Software - Infrastructure1.9%-0.1pp$58M
Specialty Retail1.9%-0.0pp$58M
Drug Manufacturers - General1.6%-0.0pp$48M
Aerospace & Defense1.2%+0.3pp$38M
Country
US97.8%-0.1pp
IE0.5%-0.1pp
GB0.4%+0.1pp
CA0.3%+0.0pp
TW0.2%+0.1pp
Unknown0.2%-0.1pp
NL0.1%-0.0pp
CH0.1%+0.1pp
Top 5: 21.2% · Top 10: 29.6% · Top 25: 44.5%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $65M | +0.04B | 60.9% |
| AMAT | $10M | +0.01B | 137.6% |
| AAPL | $72M | +0.01B | 14.7% |
| AVGO | $12M | +0.01B | 86.0% |
| GOOG | $10M | +0.01B | 84.3% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $23M | -0.00B | -0.6% |
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$9M |
| AAPL Apple Inc. | +$115M |
| META Meta Platforms, Inc. | +$5M |
| NFLX Netflix, Inc. | +$4M |
| AVGO Broadcom Inc. | +$4M |
| AMZN Amazon.com, Inc. | +$52M |
| MSFT Microsoft Corporation | +$33M |
| GOOG Alphabet Inc. | +$3M |
| LLY Eli Lilly and Company | +$3M |
| CRWD CrowdStrike Holdings, Inc. | +$3M |
Top sells this quarter · 15
| DIS The Walt Disney Company | −$4M |
| TJX The TJX Companies, Inc. | −$3M |
| AMAT Applied Materials, Inc. | −$31M |
| LMT Lockheed Martin Corporation | −$2M |
| FCX Freeport-McMoRan Inc. | −$2M |
| PEP PepsiCo, Inc. | −$2M |
| TER Teradyne, Inc. | −$1M |
| HII Huntington Ingalls Industries, | −$1M |
| MPWR Monolithic Power Systems, Inc. | −$9M |
| IDCC InterDigital, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.08B | 3568 | +25.94% | +17.59% | +8.35% | +0.17B |
| 2025-12-31 | $2.96B | 3405 | +20.78% | +17.72% | +3.06% | +0.04B |
| 2025-09-30 | $2.81B | 3370 | +17.98% | +17.52% | +0.46% | +0.10B |
| 2025-06-30 | $2.47B | 3229 | +13.25% | +14.94% | -1.69% | +0.12B |
| 2025-03-31 | $2.09B | 3030 | +2.60% | +8.30% | -5.71% | +0.28B |
| 2024-12-31 | $1.92B | 2740 | +17.59% | +24.89% | -7.30% | +0.15B |
| 2024-09-30 | $1.75B | 2668 | +30.84% | +36.04% | -5.20% | +0.21B |
| 2024-06-30 | $1.46B | 2402 | +19.65% | +24.49% | -4.84% | +0.15B |
| 2024-03-31 | $1.29B | 1767 | +26.93% | +29.62% | -2.69% | +0.06B |
| 2023-12-31 | $1.14B | 1773 | +24.06% | +26.18% | -2.12% | -0.00B |
| 2023-09-30 | $1.01B | 1694 | +20.08% | +21.57% | -1.49% | +0.05B |
| 2023-06-30 | $997M | 1555 | +18.23% | +19.42% | -1.20% | +0.01B |
| 2023-03-31 | $916M | 1533 | -9.84% | -7.82% | -2.02% | +0.04B |
| 2022-12-31 | $832M | 1491 | -18.61% | -18.17% | -0.44% | +0.07B |
| 2022-09-30 | $700M | 1273 | -17.08% | -15.51% | -1.58% | +0.15B |
| 2022-06-30 | $576M | 1169 | -12.27% | -10.62% | -1.65% | +0.06B |