Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.26%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.59%
steady accumulation
Rally response
+6.17%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $103M | 2.4% | +14.7% | 7.3 yr |
| VEAVanguard FTSE Developed | $101M | 2.4% | — | 8.3 yr |
| VTVVanguard Value ETF | $99M | 2.3% | — | 8.3 yr |
| NVDANVIDIA Corporation | $86M | 2.0% | +60.9% | 6.0 yr |
| VUGVanguard Growth ETF | $83M | 2.0% | — | 8.3 yr |
| BONDPIMCO Active Bond Exchan | $77M | 1.8% | — | 6.5 yr |
| VEGAAdvisorShares STAR Globa | $72M | 1.7% | — | 4.0 yr |
| AMZNAmazon.com, Inc. | $72M | 1.7% | +9.5% | 7.3 yr |
| QQQInvesco QQQ Trust, Serie | $69M | 1.6% | — | 6.5 yr |
| SPYState Street SPDR S&P 50 | $66M | 1.6% | +17.6% | 7.5 yr |
| IVEiShares S&P 500 Value ET | $63M | 1.5% | — | 3.3 yr |
| DYNFiShares U.S. Equity Fact | $59M | 1.4% | — | 2.3 yr |
| IVWiShares S&P 500 Growth E | $58M | 1.4% | — | 5.5 yr |
| MSFTMicrosoft Corporation | $56M | 1.3% | -0.6% | 8.3 yr |
| BNDXVanguard Total Internati | $55M | 1.3% | — | 8.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management60.4%+3.0pp$2.55B
Asset Management - Bonds6.8%-1.2pp$288M
Semiconductors3.8%+1.2pp$161M
Consumer Electronics2.4%+0.1pp$103M
Internet Content & Information2.0%+0.2pp$83M
Specialty Retail1.9%-0.1pp$79M
Software - Infrastructure1.8%-0.3pp$77M
Unknown1.8%-1.1pp$77M
Drug Manufacturers - General1.4%-0.0pp$59M
Asset Management - Income1.3%-0.2pp$53M
Country
US97.0%+0.7pp
Unknown1.8%-1.1pp
CA0.3%+0.1pp
IE0.2%+0.1pp
SG0.2%+0.1pp
GB0.1%+0.0pp
TW0.1%+0.0pp
NL0.1%+0.0pp
Top 5: 11.2% · Top 10: 19.6% · Top 25: 36.4%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $46M | +0.03B | 60.9% |
| AVGO | $19M | +0.02B | 86.0% |
| AAPL | $75M | +0.01B | 14.7% |
| SPY | $47M | +0.01B | 17.6% |
| AMZN | $59M | +0.01B | 9.5% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $46M | -0.00B | -0.6% |
Top buys this quarter · 15
| AAPL Apple Inc. | +$13M |
| SPY State Street SPDR S&P 500 ETF | +$10M |
| LYB LyondellBasell Industries N.V. | +$5M |
| MSFT Microsoft Corporation | +$56M |
| GOOG Alphabet Inc. | +$4M |
| RTX RTX Corporation | +$4M |
| MS Morgan Stanley | +$3M |
| NVDA NVIDIA Corporation | +$86M |
| PAYX Paychex, Inc. | +$3M |
| LLY Eli Lilly and Company | +$3M |
Top sells this quarter · 15
| DOW Dow Inc. | −$5M |
| MO Altria Group, Inc. | −$5M |
| VZ Verizon Communications Inc. | −$4M |
| STX Seagate Technology Holdings pl | −$3M |
| FANG Diamondback Energy, Inc. | −$2M |
| PM Philip Morris International In | −$2M |
| ODFL Old Dominion Freight Line, Incexit | −$2M |
| PLTR Palantir Technologies Inc. | −$2M |
| PFE Pfizer Inc. | −$2M |
| TEVA Teva Pharmaceutical Industries | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.22B | 1162 | +19.49% | +17.59% | +1.89% | +0.30B |
| 2025-12-31 | $4.05B | 1161 | +18.07% | +17.72% | +0.35% | -0.04B |
| 2025-09-30 | $4.03B | 1138 | +19.70% | +17.52% | +2.18% | -0.05B |
| 2025-06-30 | $3.75B | 1102 | +17.86% | +14.94% | +2.91% | +0.09B |
| 2025-03-31 | $3.28B | 1051 | +7.68% | +8.30% | -0.62% | +0.22B |
| 2024-12-31 | $3.20B | 1056 | +20.86% | +24.89% | -4.02% | +0.24B |
| 2024-09-30 | $2.88B | 937 | +30.78% | +36.04% | -5.26% | +0.82B |
| 2024-06-30 | $1.92B | 757 | +17.72% | +24.49% | -6.77% | -0.59B |
| 2024-03-31 | $2.45B | 869 | +22.43% | +29.62% | -7.19% | +0.83B |
| 2023-12-31 | $1.51B | 614 | +21.58% | +26.18% | -4.60% | +0.02B |
| 2023-09-30 | $1.34B | 561 | +16.05% | +21.57% | -5.52% | -0.71B |
| 2023-06-30 | $2.14B | 873 | +15.90% | +19.42% | -3.53% | +0.04B |
| 2023-03-31 | $1.97B | 783 | -7.05% | -7.82% | +0.77% | +0.09B |
| 2022-12-31 | $1.76B | 726 | -16.95% | -18.17% | +1.23% | +0.05B |
| 2022-09-30 | $1.62B | 689 | -13.14% | -15.51% | +2.37% | -0.11B |
| 2022-06-30 | $1.80B | 706 | -9.21% | -10.62% | +1.42% | +0.20B |