Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.62%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.36%
baseline attrition
Rally response
-11.96%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SMRIBushido Capital US Equit | $480M | 26.1% | — | 2.8 yr |
| — | $141M | 7.6% | — | 1.0 yr |
| VOOVanguard S&P 500 ETF | $113M | 6.2% | — | 7.3 yr |
| VEAVanguard FTSE Developed | $68M | 3.7% | — | 7.5 yr |
| VWOVanguard FTSE Emerging M | $36M | 1.9% | — | 7.3 yr |
| VTVVanguard Value ETF | $35M | 1.9% | — | 5.0 yr |
| ABBVAbbVie Inc. | $30M | 1.6% | +7.3% | 4.8 yr |
| NVDANVIDIA Corporation | $27M | 1.5% | +60.9% | 7.5 yr |
| ICOWPacer Developed Markets | $26M | 1.4% | — | 3.0 yr |
| RSPInvesco S&P 500 Equal We | $26M | 1.4% | — | 6.5 yr |
| MSFTMicrosoft Corporation | $23M | 1.3% | -0.6% | 7.5 yr |
| AMZNAmazon.com, Inc. | $22M | 1.2% | +9.5% | 7.5 yr |
| VFLOVictoryShares Free Cash | $21M | 1.2% | — | 2.3 yr |
| ABTAbbott Laboratories | $20M | 1.1% | -21.1% | 4.8 yr |
| TSLATesla, Inc. | $20M | 1.1% | +43.4% | 6.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management61.2%+3.0pp$1.13B
Unknown7.7%+7.7pp$141M
Internet Content & Information3.0%-0.2pp$55M
Software - Infrastructure2.5%-0.6pp$46M
Semiconductors2.4%+0.1pp$45M
Drug Manufacturers - General2.2%-2.0pp$41M
Specialty Retail1.5%-0.1pp$27M
Medical - Devices1.3%-1.5pp$23M
Software - Application1.2%-2.2pp$23M
Auto - Manufacturers1.1%+0.0pp$20M
Country
US90.4%-8.1pp
Unknown7.7%+7.7pp
CA0.6%+0.3pp
BM0.3%
IE0.2%+0.0pp
TW0.2%+0.1pp
CH0.2%+0.1pp
KR0.1%-0.0pp
Top 5: 45.5% · Top 10: 53.3% · Top 25: 68.5%
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$5M |
| ABT Abbott Laboratories | +$4M |
| MTH Meritage Homes Corporationnew | +$3M |
| ABBV AbbVie Inc. | +$2M |
| AMZN Amazon.com, Inc. | +$22M |
| QSR Restaurant Brands Internationanew | +$2M |
| AEM Agnico Eagle Mines Limitednew | +$1M |
| AGI Alamos Gold Inc.new | +$1M |
| CSL Carlisle Companies Incorporate | +$1M |
| LEN Lennar Corporation | +$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.84B | 368 | +19.60% | +17.59% | +2.01% | +0.12B |
| 2025-12-31 | $1.83B | 361 | +18.38% | +17.72% | +0.66% | +0.07B |
| 2025-09-30 | $1.69B | 310 | +17.72% | +17.52% | +0.21% | +0.15B |
| 2025-06-30 | $1.40B | 273 | +15.58% | +14.94% | +0.64% | -0.01B |
| 2025-03-31 | $1.26B | 286 | +3.55% | +8.30% | -4.75% | +0.10B |
| 2024-12-31 | $1.25B | 290 | +19.96% | +24.89% | -4.93% | -0.08B |
| 2024-09-30 | $1.28B | 294 | +29.25% | +36.04% | -6.79% | +0.11B |
| 2024-06-30 | $1.09B | 276 | +17.02% | +24.49% | -7.47% | -0.08B |
| 2024-03-31 | $1.17B | 284 | +24.18% | +29.62% | -5.44% | -0.12B |
| 2023-12-31 | $1.19B | 288 | +21.55% | +26.18% | -4.63% | -0.10B |
| 2023-09-30 | $1.16B | 295 | +17.65% | +21.57% | -3.92% | -0.04B |
| 2023-06-30 | $1.23B | 338 | +17.09% | +19.42% | -2.34% | +0.08B |
| 2023-03-31 | $1.08B | 340 | -8.06% | -7.82% | -0.24% | -0.14B |
| 2022-12-31 | $1.16B | 342 | -16.84% | -18.17% | +1.34% | +0.07B |
| 2022-09-30 | $1.01B | 324 | -14.37% | -15.51% | +1.14% | +0.04B |
| 2022-06-30 | $995M | 333 | -11.15% | -10.62% | -0.53% | +0.05B |