Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-7.59%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.89%
baseline attrition
Rally response
-3.37%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SGOViShares 0-3 Month Treasu | $31M | 6.2% | — | 1.3 yr |
| UPSUnited Parcel Service, I | $24M | 4.7% | -4.4% | 7.5 yr |
| VOOVanguard S&P 500 ETF | $20M | 4.0% | — | 1.0 yr |
| AAPLApple Inc. | $19M | 3.7% | +14.7% | 7.3 yr |
| HFSIHartford Strategic Incom | $14M | 2.9% | — | 1.5 yr |
| VONVVanguard Russell 1000 Va | $12M | 2.4% | — | 1.0 yr |
| PALCPacer Lunt Large Cap Mul | $10M | 2.1% | — | 2.5 yr |
| FTLSFirst Trust Long/Short E | $10M | 1.9% | — | 2.5 yr |
| NVDANVIDIA Corporation | $9M | 1.9% | +60.9% | 5.8 yr |
| IBDViShares iBonds Dec 2030 | $9M | 1.8% | — | 1.8 yr |
| LLYEli Lilly and Company | $9M | 1.8% | +12.2% | 7.5 yr |
| SCHRSchwab Intermediate-Term | $9M | 1.7% | — | 1.8 yr |
| MSFTMicrosoft Corporation | $9M | 1.7% | -0.6% | 7.3 yr |
| UNHUnitedHealth Group Incor | $8M | 1.6% | -46.9% | 7.3 yr |
| SCHDSchwab U.S. Dividend Equ | $8M | 1.5% | — | 5.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management33.1%+2.5pp$166M
Asset Management - Bonds9.5%+4.9pp$48M
Semiconductors6.4%+3.0pp$32M
Integrated Freight & Logistics4.8%-5.2pp$24M
Drug Manufacturers - General4.8%-1.5pp$24M
Software - Infrastructure3.9%+0.2pp$20M
Consumer Electronics3.7%-0.1pp$19M
Specialty Retail2.8%-0.2pp$14M
Oil & Gas Integrated2.0%+0.2pp$10M
Discount Stores1.9%+0.4pp$10M
Country
US98.1%-0.4pp
IE1.3%+0.7pp
Unknown0.3%-0.3pp
CA0.1%-0.0pp
IL0.1%
NL0.1%+0.0pp
TW0.1%
Top 5: 21.5% · Top 10: 31.7% · Top 25: 51.1%
Top buys this quarter · 15
| COIN Coinbase Global, Inc. | +$4M |
| MDT Medtronic plcnew | +$3M |
| SMCI Super Micro Computer, Inc. | +$3M |
| MSTR Strategy Inc | +$1M |
| HOOD Robinhood Markets, Inc.new | +$1M |
| MAIA MAIA Biotechnology, Inc. | +$1M |
| RTX RTX Corporation | +$0M |
| DVN Devon Energy Corporation | +$0M |
| ORLY O'Reilly Automotive, Inc.new | +$0M |
| PANW Palo Alto Networks, Inc.new | +$0M |
Top sells this quarter · 15
| UPS United Parcel Service, Inc. | −$2M |
| AMD Advanced Micro Devices, Inc. | −$6M |
| AAPL Apple Inc. | −$1M |
| UNH UnitedHealth Group Incorporate | −$7M |
| BA The Boeing Company | −$0M |
| PLTR Palantir Technologies Inc. | −$0M |
| WMT Walmart Inc. | −$0M |
| NVDA NVIDIA Corporation | −$9M |
| NVO Novo Nordisk A/Sexit | −$0M |
| F-PD Ford Motor Company 6.500% Noteexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $500M | 201 | +13.70% | +17.59% | -3.90% | +0.03B |
| 2025-12-31 | $472M | 193 | +9.99% | +17.72% | -7.72% | +0.01B |
| 2025-09-30 | $448M | 188 | +3.98% | +17.52% | -13.54% | +0.01B |
| 2025-06-30 | $418M | 190 | +2.43% | +14.94% | -12.52% | +0.02B |
| 2025-03-31 | $379M | 174 | -3.42% | +8.30% | -11.72% | +0.03B |
| 2024-12-31 | $369M | 165 | +6.52% | +24.89% | -18.37% | +0.00B |
| 2024-09-30 | $374M | 170 | +16.07% | +36.04% | -19.97% | +0.02B |
| 2024-06-30 | $345M | 158 | +6.82% | +24.49% | -17.67% | +0.03B |
| 2024-03-31 | $314M | 157 | +10.49% | +29.62% | -19.13% | -0.01B |
| 2023-12-31 | $304M | 154 | +13.18% | +26.18% | -12.99% | +0.05B |
| 2023-09-30 | $239M | 120 | +13.50% | +21.57% | -8.07% | +0.00B |
| 2023-06-30 | $251M | 117 | +8.92% | +19.42% | -10.50% | +0.01B |
| 2023-03-31 | $230M | 104 | -7.54% | -7.82% | +0.28% | +0.02B |
| 2022-12-31 | $197M | 101 | +7.16% | +7.56% | -0.40% | -0.07B |
| 2022-09-30 | $251M | 115 | -8.41% | -4.93% | -3.48% | +0.00B |
| 2022-06-30 | $272M | 127 | -12.50% | -16.11% | +3.61% | -0.00B |