Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.66%
adds when stocks drop
when a holding falls −10%+
Middle response
+4.50%
steady accumulation
Rally response
-0.79%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTIVanguard Total Stock Mar | $86M | 39.7% | — | 7.3 yr |
| AGGiShares Core U.S. Aggreg | $20M | 9.5% | — | 7.5 yr |
| BRK-ABerkshire Hathaway Inc. | $19M | 9.0% | — | 1.3 yr |
| VEAVanguard FTSE Developed | $15M | 7.2% | — | 7.3 yr |
| VXUSVanguard Total Internati | $11M | 5.1% | — | 7.5 yr |
| BIVVanguard Intermediate-Te | $6M | 2.8% | — | 6.5 yr |
| SPYState Street SPDR S&P 50 | $4M | 2.0% | +12.6% | 7.0 yr |
| BUSEFirst Busey Corporation | $4M | 1.8% | +13.2% | 0.5 yr |
| BNDVanguard Total Bond Mark | $4M | 1.8% | — | 5.3 yr |
| IUSBiShares Core Universal U | $3M | 1.6% | — | 7.0 yr |
| MBBiShares MBS ETF | $3M | 1.5% | — | 2.3 yr |
| PSBDPalmer Square Capital BD | $3M | 1.4% | -27.1% | 1.0 yr |
| SPYVState Street SPDR Portfo | $2M | 1.1% | — | 3.8 yr |
| VTEBVanguard Tax-Exempt Bond | $2M | 1.1% | — | 2.3 yr |
| BKThe Bank of New York Mel | $2M | 1.0% | +58.5% | 7.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management77.4%-10.2pp$167M
Insurance - Diversified9.4%+8.7pp$20M
Asset Management - Bonds6.7%-0.7pp$14M
Banks - Regional1.8%$4M
Semiconductors1.0%-0.2pp$2M
Asset Management - Cryptocurrency0.5%$1M
Aerospace & Defense0.5%+0.4pp$1M
Insurance - Property & Casualty0.3%$1M
Drug Manufacturers - General0.3%+0.2pp$1M
Consumer Electronics0.3%-0.1pp$1M
Country
US99.6%-0.4pp
CH0.3%
Unknown0.1%
Top 5: 70.4% · Top 10: 80.4% · Top 25: 93.2%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| COST Costco Wholesale Corporationnew | +$0M |
| RSG Republic Services, Inc.new | +$0M |
| SHW The Sherwin-Williams Companynew | +$0M |
| JNJ Johnson & Johnsonnew | +$0M |
| HD The Home Depot, Inc.new | +$0M |
| MSFT Microsoft Corporation | +$0M |
| BRK-A Berkshire Hathaway Inc. | +$0M |
| FBTC Fidelity Wise Origin Bitcoin F | +$0M |
| FETH Fidelity Ethereum Fund | +$0M |
| — | +$0M |
Top sells this quarter · 15
| NVDA NVIDIA Corporation | −$0M |
| CB Chubb Limited | −$0M |
| SPY State Street SPDR S&P 500 ETF | −$0M |
| IBM International Business Machine | −$0M |
| BRK-B Berkshire Hathaway Inc. | −$0M |
| DFIV Dimensional - International Va | −$0M |
| IAU iShares Gold Trust | −$0M |
| MBB iShares MBS ETF | −$0M |
| VXUS Vanguard Total International S | −$11M |
| BIV Vanguard Intermediate-Term Bon | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $215M | 58 | +8.74% | +1.62% | +7.12% | +0.01B |
| 2025-12-31 | $214M | 52 | +17.56% | +8.91% | +8.65% | -0.00B |
| 2025-09-30 | $208M | 50 | +18.99% | +12.19% | +6.80% | +0.00B |
| 2025-03-31 | $178M | 43 | +12.43% | +8.30% | +4.13% | +0.03B |
| 2024-12-31 | $158M | 39 | +24.69% | +24.89% | -0.19% | -0.01B |
| 2024-09-30 | $160M | 42 | +36.28% | +36.04% | +0.24% | -0.01B |
| 2024-06-30 | $163M | 45 | +30.01% | +24.49% | +5.52% | -0.02B |
| 2024-03-31 | $166M | 48 | +22.31% | +28.16% | -5.86% | -0.00B |
| 2023-12-31 | $160M | 68 | +30.98% | +24.88% | +6.10% | -0.00B |
| 2023-09-30 | $141M | 69 | +10.52% | +6.34% | +4.18% | +0.00B |
| 2023-03-31 | $139M | 72 | -7.56% | -7.82% | +0.26% | -0.02B |
| 2022-12-31 | $156M | 41 | -13.99% | -18.17% | +4.19% | -0.01B |
| 2022-09-30 | $145M | 39 | -14.42% | -15.51% | +1.09% | -0.00B |
| 2022-06-30 | $154M | 40 | -10.44% | -10.62% | +0.18% | +0.01B |
| 2022-03-31 | $173M | 43 | +15.45% | +15.45% | -0.00% | +0.04B |
| 2021-12-31 | $136M | 32 | +28.72% | +28.72% | +0.00% | -0.01B |