Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.20%
adds when stocks drop
when a holding falls −10%+
Middle response
+4.71%
steady accumulation
Rally response
+6.46%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BKLCBNY Mellon US Large Cap | $361M | 2.9% | — | 5.3 yr |
| ACIOAptus Collared Income Op | $330M | 2.6% | — | 2.8 yr |
| AAPLApple Inc. | $257M | 2.1% | +14.7% | 8.5 yr |
| IVViShares Core S&P 500 ETF | $234M | 1.9% | — | 8.5 yr |
| NVDANVIDIA Corporation | $215M | 1.7% | +60.9% | 7.3 yr |
| DRSKAptus Defined Risk ETF | $202M | 1.6% | — | 2.5 yr |
| BBINJPMorgan BetaBuilders In | $169M | 1.4% | — | 4.0 yr |
| QUALiShares MSCI USA Quality | $151M | 1.2% | — | 8.5 yr |
| SPYState Street SPDR S&P 50 | $149M | 1.2% | +17.6% | 8.5 yr |
| MSFTMicrosoft Corporation | $134M | 1.1% | -0.6% | 8.5 yr |
| DFACDimensional - US Core Eq | $122M | 1.0% | — | 5.0 yr |
| VOOVanguard S&P 500 ETF | $114M | 0.9% | — | 8.5 yr |
| QQQInvesco QQQ Trust, Serie | $113M | 0.9% | — | 8.0 yr |
| IDUBAptus International Enha | $112M | 0.9% | — | 2.5 yr |
| SPLGSPDR Portfolio S&P 500 E | $111M | 0.9% | — | 7.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management59.6%-1.6pp$7.47B
Asset Management - Bonds5.9%-1.6pp$744M
Asset Management - Income5.1%+0.3pp$639M
Semiconductors3.2%+0.7pp$407M
Consumer Electronics2.1%-0.3pp$259M
Software - Infrastructure1.8%-0.2pp$223M
Internet Content & Information1.4%+0.2pp$179M
Drug Manufacturers - General1.1%+0.0pp$141M
Specialty Retail1.1%-0.1pp$132M
Unknown1.0%+0.6pp$128M
Country
US96.8%-0.8pp
Unknown1.0%+0.6pp
CA0.7%+0.2pp
GB0.3%+0.1pp
IE0.2%-0.1pp
BM0.2%+0.0pp
CH0.1%+0.0pp
TW0.1%+0.0pp
Top 5: 11.1% · Top 10: 17.6% · Top 25: 29.8%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $120M | +0.07B | 60.9% |
| AAPL | $202M | +0.03B | 14.7% |
| SPY | $114M | +0.02B | 17.6% |
| AMZN | $84M | +0.01B | 9.5% |
| MSFT | $107M | -0.00B | -0.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $107M | -0.00B | -0.6% |
Top buys this quarter · 15
| AAPL Apple Inc. | +$115M |
| NVDA NVIDIA Corporation | +$109M |
| SPY State Street SPDR S&P 500 ETF | +$80M |
| MSFT Microsoft Corporation | +$53M |
| AMZN Amazon.com, Inc. | +$50M |
| MGPI MGP Ingredients, Inc.new | +$47M |
| GOOG Alphabet Inc. | +$30M |
| QCOM QUALCOMM Incorporated | +$25M |
| JPM JPMorgan Chase & Co. | +$23M |
| META Meta Platforms, Inc. | +$21M |
Top sells this quarter · 15
| TSEM Tower Semiconductor Ltd. | −$15M |
| ROIV Roivant Sciences Ltd. | −$8M |
| UTHR United Therapeutics Corporatio | −$5M |
| NOV NOV Inc. | −$4M |
| ORI Old Republic International Cor | −$3M |
| TRMB Trimble Inc. | −$3M |
| CTSH Cognizant Technology Solutions | −$2M |
| ICLR ICON Public Limited Company | −$2M |
| EXE Expand Energy Corporation | −$2M |
| EPAM EPAM Systems, Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $12.54B | 2276 | +20.33% | +17.59% | +2.74% | +4.34B |
| 2025-12-31 | $8.42B | 1598 | +17.79% | +17.72% | +0.07% | -3.05B |
| 2025-09-30 | $11.18B | 1974 | +18.27% | +17.52% | +0.76% | +0.33B |
| 2025-06-30 | $9.97B | 1901 | +14.73% | +14.94% | -0.21% | +0.48B |
| 2025-03-31 | $8.58B | 1734 | +6.81% | +8.30% | -1.49% | +0.37B |
| 2024-12-31 | $8.61B | 1713 | +19.65% | +24.89% | -5.23% | +0.16B |
| 2024-09-30 | $8.21B | 1670 | +29.38% | +36.04% | -6.66% | +0.47B |
| 2024-06-30 | $7.32B | 1643 | +17.59% | +24.49% | -6.90% | +0.21B |
| 2024-03-31 | $6.90B | 1644 | +22.42% | +29.62% | -7.20% | +0.38B |
| 2023-12-31 | $6.10B | 1590 | +22.44% | +26.18% | -3.74% | -0.21B |
| 2023-09-30 | $5.67B | 1557 | +16.93% | +21.57% | -4.63% | +0.07B |
| 2023-06-30 | $5.84B | 1560 | +15.12% | +19.42% | -4.30% | +0.63B |
| 2023-03-31 | $4.85B | 1346 | -7.89% | -7.82% | -0.07% | +0.92B |
| 2022-12-31 | $3.68B | 1038 | -17.72% | -18.17% | +0.45% | +0.35B |
| 2022-09-30 | $3.13B | 949 | -14.05% | -15.51% | +1.45% | +0.09B |
| 2022-06-30 | $3.21B | 979 | -8.54% | -10.62% | +2.08% | +0.40B |