Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.46%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.80%
steady accumulation
Rally response
-2.93%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BILZPIMCO Ultra Short Govern | $62M | 11.1% | — | 1.3 yr |
| BSJQInvesco BulletShares 202 | $24M | 4.3% | — | 1.8 yr |
| MSFTMicrosoft Corporation | $21M | 3.8% | -0.6% | 6.5 yr |
| SFLRInnovator Equity Managed | $20M | 3.5% | — | 2.5 yr |
| MINTPIMCO Enhanced Short Mat | $17M | 3.1% | — | 2.5 yr |
| IVViShares Core S&P 500 ETF | $16M | 2.8% | — | 7.5 yr |
| AAPLApple Inc. | $15M | 2.7% | +14.7% | 6.8 yr |
| VBILVanguard 0-3 Month Treas | $13M | 2.2% | — | 0.8 yr |
| GOOGAlphabet Inc. | $12M | 2.1% | +84.3% | 6.5 yr |
| AMZNAmazon.com, Inc. | $11M | 2.0% | +9.5% | 6.5 yr |
| EPDEnterprise Products Part | $11M | 2.0% | +18.7% | 6.8 yr |
| OVLHOverlay Shares Hedged La | $10M | 1.8% | — | 0.5 yr |
| GOOGLAlphabet Inc. | $10M | 1.8% | — | 6.5 yr |
| BRK-BBerkshire Hathaway Inc. | $9M | 1.6% | — | 7.3 yr |
| PYLDPIMCO Multisector Bond A | $8M | 1.5% | — | 3.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management41.5%+8.9pp$232M
Asset Management - Bonds6.3%-4.0pp$35M
Software - Infrastructure4.6%-0.5pp$26M
Internet Content & Information4.4%+1.0pp$25M
Semiconductors3.2%+1.4pp$18M
Asset Management - Leveraged3.2%-3.2pp$18M
Asset Management - Income3.1%-3.0pp$17M
Consumer Electronics2.7%-0.1pp$15M
Specialty Retail2.7%+0.7pp$15M
Oil & Gas Midstream2.6%-0.1pp$15M
Country
US93.8%-4.1pp
Unknown1.6%+0.9pp
CA1.3%+0.5pp
TW1.1%+0.9pp
DE1.0%
IE0.4%+0.1pp
KR0.2%
UY0.2%
Top 5: 25.8% · Top 10: 37.8% · Top 25: 58.2%
Top buys this quarter · 15
| SAP SAP SEnew | +$6M |
| ROP Roper Technologies, Inc. | +$4M |
| CPNG Coupang, Inc.new | +$1M |
| SABR Sabre Corporationnew | +$1M |
| MSFT Microsoft Corporation | +$21M |
| KNTK Kinetik Holdings Inc.new | +$1M |
| SE Sea Limitednew | +$1M |
| DASH DoorDash, Inc. | +$1M |
| MELI MercadoLibre, Inc. | +$0M |
| ODFL Old Dominion Freight Line, Incnew | +$0M |
Top sells this quarter · 15
| SNDK Sandisk Corporationexit | −$7M |
| PAAS Pan American Silver Corp.exit | −$3M |
| NEM Newmont Corporationexit | −$3M |
| AEM Agnico Eagle Mines Limited | −$3M |
| HL Hecla Mining Companyexit | −$3M |
| AAPL Apple Inc. | −$2M |
| GH Guardant Health, Inc.exit | −$2M |
| TSLA Tesla, Inc. | −$2M |
| GOOG Alphabet Inc. | −$2M |
| BKD Brookdale Senior Living Inc.exit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $559M | 273 | +20.54% | +17.59% | +2.95% | -0.01B |
| 2025-12-31 | $576M | 280 | +17.64% | +17.72% | -0.08% | -0.00B |
| 2025-09-30 | $558M | 268 | +18.72% | +17.52% | +1.21% | -0.00B |
| 2025-06-30 | $520M | 239 | +15.05% | +14.94% | +0.11% | -0.02B |
| 2025-03-31 | $495M | 238 | +8.79% | +8.30% | +0.49% | +0.00B |
| 2024-12-31 | $513M | 253 | +22.42% | +24.89% | -2.47% | +0.00B |
| 2024-09-30 | $490M | 242 | +30.33% | +36.04% | -5.70% | +0.02B |
| 2024-06-30 | $453M | 213 | +21.75% | +24.49% | -2.74% | -0.00B |
| 2024-03-31 | $439M | 214 | +29.98% | +29.62% | +0.35% | +0.00B |
| 2023-12-31 | $403M | 199 | +31.77% | +26.18% | +5.59% | +0.00B |
| 2023-09-30 | $360M | 181 | +25.57% | +21.57% | +4.00% | +0.00B |
| 2023-06-30 | $365M | 186 | +21.88% | +19.42% | +2.46% | -0.02B |
| 2023-03-31 | $348M | 183 | -7.00% | -7.82% | +0.82% | +0.01B |
| 2022-12-31 | $307M | 177 | -18.98% | -18.17% | -0.81% | +0.06B |
| 2022-09-30 | $230M | 166 | -15.00% | -15.51% | +0.51% | +0.02B |
| 2022-06-30 | $219M | 139 | -9.92% | -10.62% | +0.70% | -0.07B |