Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.80%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.60%
baseline attrition
Rally response
-0.97%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $27M | 10.1% | — | 5.8 yr |
| JMEEJPMorgan Small & Mid Cap | $23M | 8.7% | — | 1.3 yr |
| DGROiShares Core Dividend Gr | $23M | 8.6% | — | 5.3 yr |
| IVLUiShares MSCI Intl Value | $14M | 5.4% | — | 1.0 yr |
| IWYiShares Russell Top 200 | $10M | 4.0% | — | 2.8 yr |
| AAPLApple Inc. | $9M | 3.6% | +14.7% | 6.0 yr |
| IDEQLazard International Dyn | $8M | 3.0% | — | 0.3 yr |
| IVViShares Core S&P 500 ETF | $8M | 3.0% | — | 5.8 yr |
| JPSTJPMorgan Ultra-Short Inc | $6M | 2.2% | — | 6.3 yr |
| XOMExxon Mobil Corporation | $5M | 2.1% | +47.6% | 7.5 yr |
| VABKVirginia National Banksh | $5M | 2.0% | +9.8% | 3.3 yr |
| MSFTMicrosoft Corporation | $5M | 2.0% | -0.6% | 5.8 yr |
| GOOGLAlphabet Inc. | $5M | 1.8% | — | 7.3 yr |
| NVDANVIDIA Corporation | $4M | 1.7% | +60.9% | 4.3 yr |
| AMZNAmazon.com, Inc. | $4M | 1.6% | +9.5% | 6.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management53.5%+4.4pp$140M
Semiconductors4.5%+1.4pp$12M
Consumer Electronics3.6%-0.4pp$9M
Software - Infrastructure3.3%-0.9pp$9M
Oil & Gas Integrated3.2%+0.2pp$8M
Asset Management - Income3.1%-1.5pp$8M
Internet Content & Information2.9%+0.9pp$8M
Asset Management - Bonds2.8%+0.5pp$7M
Banks - Regional2.6%-0.8pp$7M
Drug Manufacturers - General2.1%-0.5pp$6M
Country
US98.5%-0.8pp
TW0.8%+0.3pp
GB0.5%
IE0.2%-0.0pp
Unknown0.0%
Top 5: 36.9% · Top 10: 50.6% · Top 25: 71.2%
Top buys this quarter · 15
| LIN Linde plcnew | +$1M |
| XOM Exxon Mobil Corporation | +$1M |
| SPY State Street SPDR S&P 500 ETF new | +$0M |
| AAPL Apple Inc. | +$0M |
| MSFT Microsoft Corporation | +$5M |
| ORCL Oracle Corporation | +$1M |
| CVX Chevron Corporation | +$0M |
| NVDA NVIDIA Corporation | +$4M |
| UNP Union Pacific Corporation | +$0M |
| PG The Procter & Gamble Company | +$2M |
Top sells this quarter · 15
| GNRC Generac Holdings Inc. | −$1M |
| UNH UnitedHealth Group Incorporateexit | −$0M |
| VABK Virginia National Bankshares C | −$0M |
| JNJ Johnson & Johnson | −$1M |
| ALB Albemarle Corporation | −$0M |
| CRWD CrowdStrike Holdings, Inc. | −$0M |
| D Dominion Energy, Inc. | −$1M |
| BKNG Booking Holdings Inc.exit | −$0M |
| LHX L3Harris Technologies, Inc. | −$2M |
| KVUE Kenvue Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $263M | 120 | +20.54% | +17.59% | +2.95% | +0.01B |
| 2025-12-31 | $253M | 118 | +16.62% | +17.72% | -1.10% | +0.01B |
| 2025-09-30 | $241M | 113 | +14.47% | +17.52% | -3.05% | +0.01B |
| 2025-06-30 | $213M | 105 | +14.62% | +14.94% | -0.32% | -0.00B |
| 2025-03-31 | $197M | 104 | +11.58% | +8.30% | +3.28% | +0.02B |
| 2024-12-31 | $189M | 100 | +23.87% | +24.89% | -1.02% | -0.01B |
| 2024-09-30 | $198M | 100 | +39.81% | +36.04% | +3.78% | +0.01B |
| 2024-06-30 | $168M | 82 | +24.41% | +24.49% | -0.08% | +0.09B |
| 2024-03-31 | $78M | 42 | +27.96% | +29.62% | -1.67% | -0.03B |
| 2023-12-31 | $98M | 52 | +16.97% | +26.18% | -9.21% | -0.01B |
| 2023-09-30 | $98M | 50 | +5.53% | +21.57% | -16.04% | -0.06B |
| 2023-06-30 | $166M | 86 | +6.06% | +19.42% | -13.37% | +0.07B |
| 2023-03-31 | $88M | 47 | -9.81% | -7.82% | -1.99% | +0.00B |
| 2022-12-31 | $89M | 50 | +2.76% | +7.56% | -4.80% | +0.02B |
| 2022-09-30 | $71M | 44 | -2.52% | -4.93% | +2.41% | -0.07B |
| 2022-06-30 | $145M | 86 | -7.23% | -16.11% | +8.88% | +0.08B |