Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-6.97%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.02%
baseline attrition
Rally response
-1.90%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SCHDSchwab U.S. Dividend Equ | $56M | 12.4% | — | 0.3 yr |
| VLOValero Energy Corporatio | $17M | 3.8% | +92.6% | 5.5 yr |
| CATCaterpillar Inc. | $17M | 3.8% | +117.8% | 5.5 yr |
| LMTLockheed Martin Corporat | $17M | 3.7% | +39.0% | 0.8 yr |
| ATOAtmos Energy Corporation | $16M | 3.5% | +22.2% | 0.8 yr |
| BKHBlack Hills Corporation | $16M | 3.4% | +19.3% | 1.5 yr |
| ADIAnalog Devices, Inc. | $15M | 3.3% | +60.2% | 3.8 yr |
| NEENextEra Energy, Inc. | $15M | 3.3% | +34.9% | 1.3 yr |
| MATXMatson, Inc. | $14M | 3.2% | +29.5% | 3.8 yr |
| DGXQuest Diagnostics Incorp | $14M | 3.1% | +17.5% | 0.5 yr |
| LRCXLam Research Corporation | $14M | 3.0% | +196.1% | 1.0 yr |
| FASTFastenal Company | $13M | 2.9% | +22.1% | 5.5 yr |
| CHDChurch & Dwight Co., Inc | $13M | 2.9% | -14.1% | 1.0 yr |
| CLColgate-Palmolive Compan | $13M | 2.9% | -6.8% | 0.3 yr |
| STLDSteel Dynamics, Inc. | $13M | 2.9% | +45.4% | 3.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management20.4%+15.6pp$92M
Semiconductors7.7%-4.6pp$35M
Asset Management - Bonds6.7%+1.5pp$30M
Aerospace & Defense6.5%+2.3pp$30M
Household & Personal Products5.8%$26M
Oil & Gas Refining & Marketing3.8%+1.1pp$17M
Medical - Diagnostics & Research3.8%$17M
Agricultural - Machinery3.8%+1.1pp$17M
Regulated Gas3.5%$16M
Regulated Electric3.5%-0.3pp$16M
Country
US96.2%+1.3pp
IE2.5%-1.2pp
CA0.4%
CN0.3%
TW0.2%
ZA0.2%
NL0.1%
AR0.1%
Top 5: 27.3% · Top 10: 43.6% · Top 25: 81.6%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| CAT | $10M | +0.01B | 117.8% |
| VLO | $10M | +0.01B | 92.6% |
| TEL | $14M | +0.01B | 50.0% |
| ADI | $11M | +0.01B | 60.2% |
| STLD | $11M | +0.01B | 45.4% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SYK | $12M | -0.00B | -11.1% |
Top buys this quarter · 15
| CL Colgate-Palmolive Companynew | +$13M |
| CHD Church & Dwight Co., Inc. | +$4M |
| A Agilent Technologies, Inc.new | +$3M |
| ADP Automatic Data Processing, Incnew | +$3M |
| GPC Genuine Parts Companynew | +$3M |
| CVX Chevron Corporation | +$1M |
| SPY State Street SPDR S&P 500 ETF new | +$1M |
| FINV FinVolution Group | +$0M |
| OKE ONEOK, Inc. | +$0M |
| AMD Advanced Micro Devices, Inc.new | +$0M |
Top sells this quarter · 15
| LRCX Lam Research Corporation | −$11M |
| CBT Cabot Corporationexit | −$9M |
| OVV Ovintiv Inc. | −$8M |
| QCOM QUALCOMM Incorporated | −$7M |
| VLO Valero Energy Corporation | −$16M |
| SSNC SS&C Technologies Holdings, In | −$5M |
| CAT Caterpillar Inc. | −$5M |
| OC Owens Corningexit | −$4M |
| UNM Unum Groupexit | −$3M |
| STLD Steel Dynamics, Inc. | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $454M | 70 | +33.56% | +17.59% | +15.97% | +0.00B |
| 2025-12-31 | $418M | 57 | +20.10% | +17.72% | +2.39% | -0.03B |
| 2025-09-30 | $429M | 68 | +14.55% | +17.52% | -2.96% | -0.01B |
| 2025-06-30 | $396M | 53 | +8.59% | +14.94% | -6.35% | +0.01B |
| 2025-03-31 | $363M | 52 | +1.90% | +8.30% | -6.40% | +0.00B |
| 2024-12-31 | $372M | 52 | +15.67% | +24.89% | -9.22% | -0.05B |
| 2024-09-30 | $424M | 56 | +29.58% | +36.04% | -6.46% | +0.00B |
| 2024-06-30 | $399M | 91 | +20.17% | +24.49% | -4.33% | -0.01B |
| 2024-03-31 | $405M | 92 | +28.75% | +29.62% | -0.88% | +0.01B |
| 2023-12-31 | $359M | 86 | +26.96% | +26.18% | +0.78% | -0.01B |
| 2023-09-30 | $333M | 101 | +24.52% | +21.57% | +2.95% | -0.01B |
| 2023-06-30 | $351M | 102 | +24.04% | +19.42% | +4.62% | +0.00B |
| 2023-03-31 | $322M | 100 | -5.16% | -7.82% | +2.66% | +0.03B |
| 2022-12-31 | $271M | 94 | +8.84% | +7.56% | +1.28% | -0.01B |
| 2022-09-30 | $259M | 98 | -2.72% | -4.93% | +2.20% | +0.00B |
| 2022-06-30 | $265M | 98 | -17.81% | -16.11% | -1.70% | +0.01B |