Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.54%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.91%
steady accumulation
Rally response
+0.54%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $648M | 3.5% | — | 7.5 yr |
| AAPLApple Inc. | $544M | 2.9% | +14.7% | 7.5 yr |
| IVViShares Core S&P 500 ETF | $460M | 2.5% | — | 7.5 yr |
| NVDANVIDIA Corporation | $406M | 2.2% | +60.9% | 7.5 yr |
| MSFTMicrosoft Corporation | $330M | 1.8% | -0.6% | 7.5 yr |
| VTIVanguard Total Stock Mar | $329M | 1.8% | — | 7.5 yr |
| VEAVanguard FTSE Developed | $318M | 1.7% | — | 7.5 yr |
| VUGVanguard Growth ETF | $268M | 1.4% | — | 7.5 yr |
| VTVVanguard Value ETF | $258M | 1.4% | — | 7.5 yr |
| DFACDimensional - US Core Eq | $229M | 1.2% | — | 5.0 yr |
| VOVanguard Mid-Cap ETF | $213M | 1.1% | — | 7.3 yr |
| AMZNAmazon.com, Inc. | $212M | 1.1% | +9.5% | 7.5 yr |
| SCHXSchwab U.S. Large-Cap ET | $199M | 1.1% | — | 7.5 yr |
| SCHGSchwab U.S. Large-Cap Gr | $195M | 1.0% | — | 7.5 yr |
| LIILennox International Inc | $194M | 1.0% | -16.4% | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management55.7%+11.5pp$10.44B
Asset Management - Bonds4.7%+1.4pp$875M
Semiconductors3.8%+0.2pp$713M
Consumer Electronics2.9%-1.2pp$546M
Software - Infrastructure2.9%-1.3pp$540M
Internet Content & Information2.8%+0.8pp$524M
Asset Management - Income2.0%+1.2pp$378M
Drug Manufacturers - General2.0%-1.0pp$368M
Specialty Retail1.4%-0.1pp$266M
Banks - Diversified1.3%-0.4pp$250M
Country
US97.5%+0.5pp
CA1.1%+0.2pp
Unknown0.3%-0.0pp
CH0.2%-0.1pp
IE0.2%-0.2pp
GB0.2%-0.2pp
TW0.1%+0.1pp
FR0.1%+0.0pp
Top 5: 12.7% · Top 10: 20.2% · Top 25: 34.1%
Top buys this quarter · 15
| AAPL Apple Inc. | +$119M |
| META Meta Platforms, Inc. | +$89M |
| MSFT Microsoft Corporation | +$80M |
| DASH DoorDash, Inc. | +$78M |
| AMZN Amazon.com, Inc. | +$77M |
| NVDA NVIDIA Corporation | +$67M |
| GOOG Alphabet Inc. | +$47M |
| V Visa Inc. | +$36M |
| JPM JPMorgan Chase & Co. | +$35M |
| AVGO Broadcom Inc. | +$30M |
Top sells this quarter · 15
| ECG Everus Construction Group, Inc | −$12M |
| HPE Hewlett Packard Enterprise Com | −$9M |
| LYB LyondellBasell Industries N.V. | −$8M |
| AJG Arthur J. Gallagher & Co. | −$7M |
| GRMN Garmin Ltd. | −$7M |
| MMM 3M Company | −$7M |
| NTAP NetApp, Inc. | −$4M |
| ABT Abbott Laboratories | −$4M |
| BNTX BioNTech SE | −$4M |
| CBT Cabot Corporationexit | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $18.74B | 1776 | +14.48% | +17.59% | -3.11% | +5.07B |
| 2025-12-31 | $14.12B | 1453 | +14.20% | +17.72% | -3.52% | +2.27B |
| 2025-09-30 | $11.69B | 1329 | +16.80% | +17.52% | -0.72% | +1.46B |
| 2025-06-30 | $9.54B | 1220 | +15.77% | +14.94% | +0.83% | -0.11B |
| 2025-03-31 | $8.87B | 1185 | +8.73% | +8.30% | +0.43% | +0.18B |
| 2024-12-31 | $8.99B | 1179 | +21.30% | +24.89% | -3.58% | +0.03B |
| 2024-09-30 | $8.64B | 1196 | +30.42% | +36.04% | -5.61% | -0.31B |
| 2024-06-30 | $8.42B | 1234 | +18.06% | +24.49% | -6.43% | -0.74B |
| 2024-03-31 | $8.96B | 1319 | +23.71% | +29.62% | -5.91% | -0.01B |
| 2023-12-31 | $8.32B | 1289 | +22.97% | +26.18% | -3.21% | -0.59B |
| 2023-09-30 | $7.99B | 1310 | +17.99% | +21.57% | -3.58% | +2.14B |
| 2023-06-30 | $6.08B | 1063 | +16.80% | +19.42% | -2.62% | -0.17B |
| 2023-03-31 | $5.83B | 1138 | -6.10% | -7.82% | +1.72% | +0.35B |
| 2022-12-31 | $5.12B | 1059 | -16.36% | -18.17% | +1.82% | +0.37B |
| 2022-09-30 | $4.44B | 993 | -13.14% | -15.51% | +2.37% | -0.04B |
| 2022-06-30 | $4.71B | 1035 | -8.23% | -10.62% | +2.39% | -1.54B |