Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-7.80%
trims when stocks drop
when a holding falls −10%+
Middle response
-10.79%
baseline attrition
Rally response
-2.87%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MBSFRegan Floating Rate MBS | $25M | 12.9% | — | 2.3 yr |
| MBSXRegan Fixed Rate MBS ETF | $8M | 4.3% | — | 1.0 yr |
| COPConocoPhillips | $7M | 3.3% | +30.0% | 3.0 yr |
| AAPLApple Inc. | $6M | 3.3% | +14.7% | 4.3 yr |
| TSLATesla, Inc. | $5M | 2.5% | +43.4% | 4.5 yr |
| LSTLeuthold Select Industri | $5M | 2.5% | — | 1.3 yr |
| BMYBristol-Myers Squibb Com | $4M | 2.3% | +3.4% | 4.8 yr |
| SPYState Street SPDR S&P 50 | $4M | 2.1% | +17.6% | 4.8 yr |
| ARPPMV Adaptive Risk Parity | $4M | 1.9% | — | 1.3 yr |
| HDThe Home Depot, Inc. | $4M | 1.9% | -8.0% | 4.8 yr |
| KKRKKR & Co. Inc. | $3M | 1.7% | -19.5% | 2.8 yr |
| RAAXVanEck Real Assets ETF | $3M | 1.6% | — | 0.5 yr |
| FDVVFidelity High Dividend E | $3M | 1.5% | — | 2.3 yr |
| AMGNAmgen Inc. | $3M | 1.4% | +16.5% | 4.0 yr |
| UNHUnitedHealth Group Incor | $3M | 1.4% | -46.9% | 4.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management53.1%+1.5pp$104M
Drug Manufacturers - General5.2%-1.9pp$10M
Oil & Gas Exploration & Production3.8%+1.2pp$7M
Consumer Electronics3.3%+0.2pp$6M
Auto - Manufacturers2.5%+1.2pp$5M
Semiconductors2.3%+1.6pp$4M
Medical - Healthcare Plans2.1%+1.1pp$4M
Home Improvement1.9%+0.9pp$4M
Asset Management - Income1.8%-0.4pp$4M
Oil & Gas Integrated1.6%+1.0pp$3M
Country
US96.4%+0.4pp
CA1.3%+0.7pp
Unknown0.8%-0.1pp
IE0.5%-1.1pp
TW0.4%
BM0.2%-0.1pp
NL0.2%
IN0.1%-0.0pp
Top 5: 26.4% · Top 10: 37.1% · Top 25: 54.9%
Top buys this quarter · 15
| KKR KKR & Co. Inc. | +$2M |
| TSLA Tesla, Inc. | +$1M |
| FSCO FS Credit Opportunities Corp. | +$1M |
| XOM Exxon Mobil Corporation | +$1M |
| ETR Entergy Corporation | +$0M |
| ASML ASML Holding N.V. | +$0M |
| AAPL Apple Inc. | +$6M |
| UNH UnitedHealth Group Incorporate | +$3M |
| LSTR Landstar System, Inc.new | +$0M |
| VVV Valvoline Inc.new | +$0M |
Top sells this quarter · 15
| COP ConocoPhillips | −$6M |
| AMGN Amgen Inc. | −$2M |
| HD The Home Depot, Inc. | −$1M |
| ECCU Eagle Point Credit Company Incexit | −$1M |
| BMY Bristol-Myers Squibb Company | −$1M |
| AMZN Amazon.com, Inc. | −$0M |
| CAT Caterpillar Inc. | −$0M |
| ETN Eaton Corporation plcexit | −$0M |
| ABT Abbott Laboratoriesexit | −$0M |
| ROST Ross Stores, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $195M | 200 | +15.86% | +17.59% | -1.73% | -0.01B |
| 2025-12-31 | $202M | 197 | +14.80% | +17.72% | -2.91% | +0.01B |
| 2025-09-30 | $184M | 176 | +12.91% | +17.52% | -4.61% | +0.01B |
| 2025-06-30 | $156M | 172 | +10.98% | +14.94% | -3.96% | +0.00B |
| 2025-03-31 | $148M | 176 | +9.84% | +8.30% | +1.54% | -0.04B |
| 2024-12-31 | $190M | 620 | +19.84% | +24.89% | -5.04% | +0.01B |
| 2024-09-30 | $183M | 951 | +31.86% | +36.04% | -4.17% | -0.01B |
| 2024-06-30 | $176M | 912 | +19.51% | +24.49% | -4.98% | -0.01B |
| 2024-03-31 | $179M | 894 | +24.38% | +29.62% | -5.25% | +0.03B |
| 2023-12-31 | $142M | 857 | +21.63% | +26.18% | -4.55% | +0.02B |
| 2023-09-30 | $108M | 668 | +17.38% | +21.57% | -4.18% | +0.00B |
| 2023-06-30 | $111M | 685 | +8.51% | +19.42% | -10.92% | -0.01B |
| 2023-03-31 | $112M | 668 | -8.00% | -7.82% | -0.18% | +0.00B |
| 2022-12-31 | $102M | 626 | -7.09% | -18.17% | +11.09% | -0.01B |
| 2022-09-30 | $105M | 606 | -8.13% | -15.51% | +7.38% | -3.28B |
| 2022-06-30 | $3.76B | 592 | +75.96% | -3.70% | +79.66% | +3.62B |