Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.57%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.81%
baseline attrition
Rally response
-1.04%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VVVanguard Large-Cap ETF | $57M | 13.5% | — | 7.5 yr |
| DFUSDimensional - US Equity | $47M | 11.1% | — | 4.3 yr |
| DFASDimensional - US Small C | $34M | 8.1% | — | 4.0 yr |
| VEAVanguard FTSE Developed | $28M | 6.7% | — | 7.5 yr |
| DFICDimensional - Internatio | $28M | 6.6% | — | 3.5 yr |
| VBVanguard Small-Cap ETF | $23M | 5.5% | — | 7.5 yr |
| VWOBVanguard Emerging Market | $12M | 2.8% | — | 7.3 yr |
| VNQVanguard Real Estate ETF | $12M | 2.8% | — | 7.5 yr |
| VWOVanguard FTSE Emerging M | $12M | 2.8% | — | 7.5 yr |
| DFEMDimensional - Emerging M | $11M | 2.7% | — | 2.3 yr |
| VUGVanguard Growth ETF | $11M | 2.6% | — | 7.5 yr |
| VCITVanguard Intermediate-Te | $10M | 2.5% | — | 6.5 yr |
| DFAXDimensional - World ex U | $10M | 2.5% | — | 4.0 yr |
| BIVVanguard Intermediate-Te | $10M | 2.4% | — | 6.0 yr |
| VCSHVanguard Short-Term Corp | $10M | 2.4% | — | 6.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management77.0%+7.5pp$324M
Asset Management - Bonds11.5%+0.9pp$48M
Drug Manufacturers - General1.4%-1.3pp$6M
Insurance - Diversified1.2%-0.6pp$5M
Asset Management - Leveraged1.2%-0.1pp$5M
Consumer Electronics1.0%-0.3pp$4M
Discount Stores0.5%-0.3pp$2M
Aerospace & Defense0.5%-0.0pp$2M
Industrial - Machinery0.4%-0.1pp$2M
Semiconductors0.4%+0.1pp$2M
Country
US99.4%+0.1pp
IE0.3%-0.0pp
GB0.2%-0.1pp
Unknown0.1%
CH0.1%-0.0pp
Top 5: 46.0% · Top 10: 62.5% · Top 25: 86.9%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| WMT | $2M | +0.00B | 42.8% |
| JNJ | $2M | +0.00B | 51.5% |
| AAPL | $4M | +0.00B | 14.7% |
| LLY | $5M | +0.00B | 12.2% |
| CINF | $2M | +0.00B | 8.3% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| META Meta Platforms, Inc. | +$1M |
| NVDA NVIDIA Corporation | +$1M |
| AMZN Amazon.com, Inc. | +$1M |
| LLY Eli Lilly and Company | +$3M |
| GOOG Alphabet Inc. | +$0M |
| XOM Exxon Mobil Corporation | +$0M |
| TGT Target Corporation | +$0M |
| JNJ Johnson & Johnson | +$0M |
| V Visa Inc. | +$0M |
| CAT Caterpillar Inc. | +$0M |
Top sells this quarter · 15
| PM Philip Morris International In | −$0M |
| PSX Phillips 66 | −$0M |
| MDT Medtronic plcexit | −$0M |
| FDS FactSet Research Systems Inc.exit | −$0M |
| HURA TuHURA Biosciences, Inc.exit | −$0M |
| AAPL Apple Inc. | −$0M |
| PG The Procter & Gamble Company | −$0M |
| MCD McDonald's Corporation | −$0M |
| APD Air Products and Chemicals, In | −$0M |
| MSFT Microsoft Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $420M | 120 | +19.65% | +17.59% | +2.06% | +0.01B |
| 2025-12-31 | $408M | 120 | +19.45% | +17.72% | +1.73% | +0.00B |
| 2025-09-30 | $386M | 119 | +12.12% | +17.52% | -5.40% | +0.01B |
| 2025-06-30 | $354M | 127 | +11.80% | +14.94% | -3.14% | +0.01B |
| 2025-03-31 | $320M | 120 | +7.25% | +8.30% | -1.05% | +0.00B |
| 2024-12-31 | $320M | 121 | +19.61% | +24.89% | -5.27% | +0.00B |
| 2024-09-30 | $321M | 118 | +33.79% | +36.04% | -2.25% | +0.01B |
| 2024-06-30 | $291M | 116 | +21.23% | +24.49% | -3.26% | -0.00B |
| 2024-03-31 | $283M | 115 | +26.86% | +29.62% | -2.76% | -0.01B |
| 2023-12-31 | $264M | 111 | +19.95% | +26.18% | -6.23% | +0.01B |
| 2023-09-30 | $230M | 104 | +20.35% | +21.57% | -1.22% | +0.00B |
| 2023-06-30 | $234M | 107 | +18.51% | +19.42% | -0.92% | -0.00B |
| 2023-03-31 | $216M | 102 | -2.01% | -7.82% | +5.81% | +0.02B |
| 2022-12-31 | $192M | 96 | -0.75% | -18.17% | +17.43% | +0.00B |
| 2022-09-30 | $171M | 94 | -5.15% | -15.51% | +10.36% | +0.01B |
| 2022-06-30 | $174M | 92 | +0.82% | -10.62% | +11.44% | +0.03B |