Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.97%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.81%
steady accumulation
Rally response
+1.29%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IEFAiShares Core MSCI EAFE E | $103M | 10.1% | — | 7.3 yr |
| VONVVanguard Russell 1000 Va | $86M | 8.4% | — | 6.0 yr |
| VONGVanguard Russell 1000 Gr | $76M | 7.5% | — | 5.3 yr |
| IUSBiShares Core Universal U | $59M | 5.8% | — | 2.8 yr |
| AVLVAvantis U.S. Large Cap V | $54M | 5.3% | — | 2.0 yr |
| SPDWState Street SPDR Portfo | $46M | 4.5% | — | 6.3 yr |
| VUGVanguard Growth ETF | $42M | 4.2% | — | 7.5 yr |
| VTEBVanguard Tax-Exempt Bond | $38M | 3.8% | — | 2.8 yr |
| SPEMState Street SPDR Portfo | $32M | 3.2% | — | 7.5 yr |
| MUBiShares National Muni Bo | $31M | 3.1% | — | 2.5 yr |
| IEMGiShares Core MSCI Emergi | $31M | 3.0% | — | 7.0 yr |
| AVTMAvantis Total Equity Mar | $24M | 2.3% | — | 0.3 yr |
| JMSTJPMorgan Ultra-Short Mun | $21M | 2.1% | — | 4.3 yr |
| IDEViShares Core MSCI Intern | $19M | 1.8% | — | 7.5 yr |
| VTVVanguard Value ETF | $18M | 1.8% | — | 7.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management88.2%-0.9pp$897M
Asset Management - Bonds5.9%+1.7pp$60M
Asset Management - Income2.1%-0.3pp$22M
Semiconductors0.6%+0.2pp$6M
Internet Content & Information0.4%+0.1pp$4M
Consumer Electronics0.3%-0.1pp$3M
Software - Infrastructure0.3%-0.1pp$3M
Asset Management - Global0.2%-0.0pp$2M
Discount Stores0.2%-0.0pp$2M
Medical - Devices0.2%-0.1pp$2M
Country
US100.0%+0.1pp
DK0.0%-0.1pp
Top 5: 37.1% · Top 10: 55.9% · Top 25: 80.2%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SPY | $8M | +0.00B | 17.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| CAT Caterpillar Inc.new | +$0M |
| NVDA NVIDIA Corporation | +$0M |
| TJX The TJX Companies, Inc.new | +$0M |
| OFIX Orthofix Medical Inc. | +$1M |
| AVGO Broadcom Inc. | +$1M |
| ITW Illinois Tool Works Inc. | +$0M |
| SYK Stryker Corporation | +$1M |
| TSLA Tesla, Inc. | +$1M |
| ECL Ecolab Inc. | +$0M |
| JPM JPMorgan Chase & Co. | +$1M |
Top sells this quarter · 15
| MSFT Microsoft Corporation | −$1M |
| AAPL Apple Inc. | −$1M |
| JNJ Johnson & Johnsonexit | −$0M |
| COHR Coherent, Inc. | −$0M |
| UNP Union Pacific Corporationexit | −$0M |
| XOM Exxon Mobil Corporation | −$0M |
| PG The Procter & Gamble Companyexit | −$0M |
| KLAC KLA Corporation | −$0M |
| ABBV AbbVie Inc. | −$0M |
| PEP PepsiCo, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.02B | 144 | +21.41% | +17.59% | +3.82% | +0.05B |
| 2025-12-31 | $1.02B | 150 | +19.68% | +17.72% | +1.96% | +0.00B |
| 2025-09-30 | $1.00B | 153 | +22.45% | +17.52% | +4.94% | -0.07B |
| 2025-06-30 | $936M | 152 | +12.08% | +14.94% | -2.86% | -0.02B |
| 2025-03-31 | $864M | 147 | +6.13% | +8.30% | -2.18% | +0.07B |
| 2024-12-31 | $855M | 154 | +22.25% | +24.89% | -2.64% | -0.04B |
| 2024-09-30 | $856M | 148 | +31.62% | +36.04% | -4.41% | -0.01B |
| 2024-06-30 | $828M | 146 | +18.10% | +24.49% | -6.39% | -0.06B |
| 2024-03-31 | $855M | 148 | +23.86% | +29.62% | -5.77% | -0.02B |
| 2023-12-31 | $809M | 142 | +25.49% | +26.18% | -0.69% | -0.06B |
| 2023-09-30 | $776M | 142 | +17.73% | +21.57% | -3.84% | +0.02B |
| 2023-06-30 | $801M | 144 | +19.36% | +19.42% | -0.06% | +0.04B |
| 2023-03-31 | $698M | 134 | -8.65% | -7.82% | -0.83% | -0.94B |
| 2022-12-31 | $1.51B | 128 | -20.06% | -18.17% | -1.88% | -0.68B |
| 2022-09-30 | $2.08B | 132 | -15.60% | -15.51% | -0.09% | +0.78B |
| 2022-06-30 | $1.37B | 122 | -10.72% | -10.62% | -0.10% | +0.05B |