Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+5.99%
adds when stocks drop
when a holding falls −10%+
Middle response
-4.62%
baseline attrition
Rally response
-12.67%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SGOViShares 0-3 Month Treasu | $116M | 3.5% | — | 2.5 yr |
| IEFAiShares Core MSCI EAFE E | $89M | 2.7% | — | 7.3 yr |
| SPTIState Street SPDR Portfo | $81M | 2.5% | — | 8.0 yr |
| BNDXVanguard Total Internati | $67M | 2.0% | — | 6.5 yr |
| AAPLApple Inc. | $65M | 2.0% | +14.7% | 8.0 yr |
| IVViShares Core S&P 500 ETF | $61M | 1.9% | — | 8.0 yr |
| SPMBState Street SPDR Portfo | $60M | 1.8% | — | 1.5 yr |
| SPBOState Street SPDR Portfo | $60M | 1.8% | — | 4.5 yr |
| NVDANVIDIA Corporation | $55M | 1.7% | +60.9% | 7.5 yr |
| SHMState Street SPDR Nuveen | $53M | 1.6% | — | 7.8 yr |
| VOVanguard Mid-Cap ETF | $51M | 1.5% | — | 8.0 yr |
| RSPAInvesco S&P 500 Equal We | $46M | 1.4% | — | 0.8 yr |
| VBVanguard Small-Cap ETF | $46M | 1.4% | — | 8.0 yr |
| MSFTMicrosoft Corporation | $45M | 1.4% | -0.6% | 8.0 yr |
| ITMVanEck Intermediate Muni | $44M | 1.4% | — | 7.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management44.0%-8.5pp$1.44B
Asset Management - Bonds8.3%-0.1pp$273M
Semiconductors4.3%+2.1pp$140M
Drug Manufacturers - General3.7%+0.3pp$121M
Software - Infrastructure2.7%+1.1pp$88M
Internet Content & Information2.3%+0.4pp$75M
Consumer Electronics2.0%+0.4pp$65M
Financial - Credit Services1.7%-0.4pp$57M
Specialty Retail1.6%+0.6pp$54M
Insurance - Property & Casualty1.4%+1.1pp$45M
Country
US97.5%-1.3pp
IE0.8%+0.2pp
CH0.4%+0.3pp
BM0.3%+0.3pp
GB0.3%+0.2pp
Unknown0.3%+0.2pp
NL0.2%+0.2pp
LU0.1%
Top 5: 12.7% · Top 10: 21.5% · Top 25: 38.9%
Top buys this quarter · 15
| CRUS Cirrus Logic, Inc. | +$11M |
| CSL Carlisle Companies Incorporate | +$10M |
| QCOM QUALCOMM Incorporated | +$10M |
| DELL Dell Technologies Inc. | +$9M |
| NTAP NetApp, Inc. | +$9M |
| ABNB Airbnb, Inc. | +$9M |
| TDC Teradata Corporationnew | +$8M |
| GILD Gilead Sciences, Inc. | +$8M |
| IRDM Iridium Communications Inc.new | +$8M |
| VRSN VeriSign, Inc. | +$7M |
Top sells this quarter · 15
| TDW Tidewater Inc. | −$11M |
| TIGO Millicom International Cellula | −$11M |
| AMAT Applied Materials, Inc. | −$10M |
| SCHW The Charles Schwab Corporation | −$10M |
| PEP PepsiCo, Inc. | −$10M |
| ADI Analog Devices, Inc. | −$9M |
| COP ConocoPhillips | −$9M |
| CAT Caterpillar Inc. | −$9M |
| CVX Chevron Corporation | −$8M |
| ENVA Enova International, Inc. | −$8M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.28B | 1547 | +17.43% | +17.59% | -0.17% | -0.03B |
| 2025-12-31 | $3.35B | 1517 | +18.81% | +17.72% | +1.09% | -0.07B |
| 2025-09-30 | $3.29B | 1375 | +16.34% | +17.52% | -1.17% | +0.21B |
| 2025-06-30 | $2.87B | 1214 | +16.40% | +14.94% | +1.46% | +0.04B |
| 2025-03-31 | $2.65B | 1202 | +10.20% | +8.30% | +1.90% | +0.18B |
| 2024-12-31 | $2.48B | 534 | +20.23% | +24.89% | -4.66% | +0.22B |
| 2024-09-30 | $2.22B | 550 | +29.13% | +36.04% | -6.90% | -0.04B |
| 2024-06-30 | $2.10B | 541 | +17.80% | +24.49% | -6.69% | +0.04B |
| 2024-03-31 | $2.04B | 542 | +22.38% | +29.62% | -7.25% | +0.04B |
| 2023-12-31 | $1.84B | 523 | +16.95% | +26.18% | -9.23% | -0.08B |
| 2023-09-30 | $1.76B | 477 | +16.86% | +21.57% | -4.71% | -0.09B |
| 2023-06-30 | $1.89B | 502 | +13.82% | +19.42% | -5.61% | -0.04B |
| 2023-03-31 | $1.84B | 472 | -4.15% | -7.82% | +3.67% | +0.16B |
| 2022-12-31 | $1.61B | 496 | +9.12% | +7.56% | +1.56% | +0.06B |
| 2022-09-30 | $1.42B | 454 | -4.56% | -4.93% | +0.37% | +0.16B |
| 2022-06-30 | $1.32B | 1172 | -11.58% | -16.11% | +4.53% | +0.25B |