Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.36%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.32%
baseline attrition
Rally response
-2.32%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| HEFAiShares Currency Hedged | $26M | 5.5% | — | 2.5 yr |
| JGROJPMorgan Active Growth E | $21M | 4.5% | — | 1.8 yr |
| RDVYFirst Trust Rising Divid | $21M | 4.4% | — | 5.5 yr |
| DSTLDistillate U.S. Fundamen | $21M | 4.4% | — | 4.8 yr |
| DSTXDistillate International | $20M | 4.2% | — | 3.0 yr |
| SDVYFirst Trust SMID Cap Ris | $17M | 3.6% | — | 4.3 yr |
| NFTYFirst Trust India NIFTY | $15M | 3.1% | — | 3.3 yr |
| JAAAJanus Henderson AAA CLO | $14M | 2.9% | — | 2.8 yr |
| PSHPGIM Short Duration High | $13M | 2.8% | — | 0.5 yr |
| SMCOHilton Small-MidCap Oppo | $12M | 2.6% | — | 1.8 yr |
| SMINiShares MSCI India Small | $11M | 2.4% | — | 2.5 yr |
| AIRRFirst Trust RBA American | $11M | 2.3% | — | 1.5 yr |
| MGVVanguard Mega Cap Value | $10M | 2.2% | — | 1.3 yr |
| IWYiShares Russell Top 200 | $10M | 2.1% | — | 6.0 yr |
| TDIVFirst Trust NASDAQ Techn | $10M | 2.1% | — | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management75.6%+0.1pp$360M
Asset Management - Leveraged3.0%+2.8pp$14M
Semiconductors2.2%+0.4pp$10M
Asset Management - Cryptocurrency2.1%+0.8pp$10M
Software - Infrastructure1.7%+0.7pp$8M
Asset Management - Income1.6%-4.0pp$7M
Asset Management - Bonds1.5%-1.6pp$7M
Consumer Electronics1.2%-0.0pp$6M
Banks - Diversified0.8%-0.2pp$4M
Internet Content & Information0.6%+0.3pp$3M
Country
US98.7%+0.2pp
IE0.4%+0.1pp
TW0.4%+0.1pp
FR0.2%+0.0pp
GB0.1%-0.1pp
NL0.1%-0.0pp
Top 5: 22.9% · Top 10: 37.8% · Top 25: 64.5%
Top buys this quarter · 15
| CRWV CoreWeave, Inc. Class A Commonnew | +$3M |
| AAPL Apple Inc. | +$1M |
| PANW Palo Alto Networks, Inc. | +$0M |
| XOM Exxon Mobil Corporation | +$0M |
| MSFT Microsoft Corporation | +$2M |
| GEV GE Vernova Inc.new | +$0M |
| ORCL Oracle Corporation | +$0M |
| QCOM QUALCOMM Incorporated | +$0M |
| SPY State Street SPDR S&P 500 ETF | +$5M |
| V Visa Inc. | +$0M |
Top sells this quarter · 15
| HSY The Hershey Companyexit | −$0M |
| RKLB Rocket Lab USA, Inc.exit | −$0M |
| MU Micron Technology, Inc. | −$0M |
| CMI Cummins Inc. | −$0M |
| KMI Kinder Morgan, Inc. | −$0M |
| HSBC HSBC Holdings plc | −$1M |
| EWBC East West Bancorp, Inc. | −$0M |
| TJX The TJX Companies, Inc. | −$0M |
| GPI Group 1 Automotive, Inc. | −$0M |
| BSX Boston Scientific Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $476M | 199 | +23.69% | +17.59% | +6.10% | +0.01B |
| 2025-12-31 | $476M | 202 | +19.72% | +17.72% | +2.00% | +0.01B |
| 2025-09-30 | $457M | 192 | +23.26% | +17.52% | +5.75% | +0.00B |
| 2025-06-30 | $411M | 159 | +15.53% | +14.94% | +0.59% | +0.01B |
| 2025-03-31 | $362M | 167 | +5.35% | +8.30% | -2.95% | +0.02B |
| 2024-12-31 | $367M | 155 | +18.51% | +24.89% | -6.38% | -0.02B |
| 2024-09-30 | $362M | 148 | +26.16% | +36.04% | -9.88% | +0.00B |
| 2024-06-30 | $347M | 136 | +17.22% | +24.49% | -7.27% | -0.04B |
| 2024-03-31 | $380M | 130 | +20.19% | +29.62% | -9.44% | +0.01B |
| 2023-12-31 | $347M | 130 | +16.44% | +26.18% | -9.73% | +0.06B |
| 2023-09-30 | $254M | 113 | +17.17% | +21.57% | -4.39% | +0.01B |
| 2023-06-30 | $249M | 116 | +14.72% | +19.42% | -4.70% | +0.01B |
| 2023-03-31 | $230M | 107 | -6.55% | -7.82% | +1.27% | -0.04B |
| 2022-12-31 | $265M | 94 | +13.52% | +7.56% | +5.96% | -0.01B |
| 2022-09-30 | $242M | 103 | -5.81% | -4.93% | -0.89% | +0.02B |
| 2022-06-30 | $240M | 105 | -15.06% | -16.11% | +1.06% | +0.01B |