Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.18%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.96%
baseline attrition
Rally response
-3.16%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $84M | 27.3% | — | 8.5 yr |
| QUALiShares MSCI USA Quality | $26M | 8.3% | — | 6.0 yr |
| IJHiShares Core S&P Mid-Cap | $22M | 7.2% | — | 8.5 yr |
| IWBiShares Russell 1000 ETF | $19M | 6.3% | — | 6.3 yr |
| IJRiShares Core S&P Small-C | $14M | 4.6% | — | 8.5 yr |
| IVWiShares S&P 500 Growth E | $13M | 4.1% | — | 8.5 yr |
| AAPLApple Inc. | $11M | 3.7% | +14.7% | 8.5 yr |
| GOOGAlphabet Inc. | $8M | 2.7% | +84.3% | 8.5 yr |
| IVEiShares S&P 500 Value ET | $8M | 2.6% | — | 8.5 yr |
| MSFTMicrosoft Corporation | $8M | 2.5% | -0.6% | 8.5 yr |
| IJKiShares S&P Mid-Cap 400 | $6M | 2.0% | — | 8.5 yr |
| GOOGLAlphabet Inc. | $6M | 1.9% | — | 8.5 yr |
| IJTiShares S&P Small-Cap 60 | $6M | 1.9% | — | 8.5 yr |
| IJJiShares S&P Mid-Cap 400 | $4M | 1.4% | — | 8.5 yr |
| IJSiShares S&P Small-Cap 60 | $4M | 1.4% | — | 8.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management75.8%+1.7pp$233M
Internet Content & Information5.0%+1.7pp$15M
Consumer Electronics3.7%-0.0pp$11M
Software - Infrastructure3.0%-0.6pp$9M
Semiconductors1.9%+0.4pp$6M
Financial - Credit Services1.0%-0.2pp$3M
Drug Manufacturers - General1.0%-0.1pp$3M
Specialty Retail0.7%-0.2pp$2M
Regulated Electric0.6%+0.0pp$2M
Banks - Diversified0.5%+0.0pp$2M
Country
US99.5%+0.2pp
GB0.1%+0.0pp
IE0.1%-0.0pp
NL0.1%-0.0pp
CA0.0%-0.0pp
IL0.0%+0.0pp
Unknown0.0%-0.2pp
CH0.0%-0.0pp
Top 5: 53.7% · Top 10: 69.3% · Top 25: 85.4%
Top buys this quarter · 15
| MU Micron Technology, Inc. | +$0M |
| PLTR Palantir Technologies Inc. | +$0M |
| AZN AstraZeneca PLCnew | +$0M |
| TSLA Tesla, Inc. | +$0M |
| SFBS ServisFirst Bancshares, Inc.new | +$0M |
| NSSC Napco Security Technologies, Inew | +$0M |
| VLTO Veralto Corporationnew | +$0M |
| DIS The Walt Disney Company | +$0M |
| SNX TD SYNNEX Corporationnew | +$0M |
| EE Excelerate Energy, Inc.new | +$0M |
Top sells this quarter · 15
| VRE Veris Residential, Inc.exit | −$1M |
| SKYH Sky Harbour Group Corporationexit | −$1M |
| WMT Walmart Inc. | −$1M |
| MSFT Microsoft Corporation | −$1M |
| EBAY eBay Inc.exit | −$0M |
| JNJ Johnson & Johnson | −$0M |
| NVDA NVIDIA Corporation | −$0M |
| AMAT Applied Materials, Inc. | −$1M |
| AAPL Apple Inc. | −$0M |
| JPM JPMorgan Chase & Co. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $307M | 391 | +16.83% | +17.59% | -0.76% | +0.00B |
| 2025-12-31 | $325M | 392 | +17.46% | +17.72% | -0.26% | -0.01B |
| 2025-09-30 | $322M | 439 | +15.69% | +17.52% | -1.83% | -0.00B |
| 2025-06-30 | $295M | 384 | +9.72% | +14.94% | -5.22% | -0.00B |
| 2025-03-31 | $271M | 384 | +7.52% | +8.30% | -0.78% | +0.00B |
| 2024-12-31 | $286M | 444 | +21.35% | +24.89% | -3.54% | -0.01B |
| 2024-09-30 | $288M | 462 | +32.67% | +36.04% | -3.36% | -0.00B |
| 2024-06-30 | $277M | 431 | +20.46% | +24.49% | -4.04% | -0.01B |
| 2024-03-31 | $267M | 422 | +24.06% | +29.62% | -5.56% | -0.00B |
| 2023-12-31 | $254M | 417 | +26.81% | +26.18% | +0.64% | -0.01B |
| 2023-09-30 | $236M | 553 | +20.79% | +21.57% | -0.78% | +0.00B |
| 2023-06-30 | $246M | 551 | +21.64% | +19.42% | +2.21% | -0.01B |
| 2023-03-31 | $230M | 542 | -4.54% | -7.82% | +3.27% | -0.00B |
| 2022-12-31 | $213M | 475 | -16.33% | -18.17% | +1.84% | +0.01B |
| 2022-09-30 | $188M | 380 | -12.27% | -15.51% | +3.23% | +0.00B |
| 2022-06-30 | $196M | 386 | -7.90% | -10.62% | +2.72% | +0.01B |