Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.31%
trims when stocks drop
when a holding falls −10%+
Middle response
+4.00%
steady accumulation
Rally response
+3.47%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $54M | 4.5% | +14.7% | 7.5 yr |
| — | $46M | 3.8% | — | 6.5 yr |
| — | $39M | 3.2% | — | 7.5 yr |
| MSFTMicrosoft Corporation | $36M | 3.0% | -0.6% | 7.5 yr |
| VXFVanguard Extended Market | $30M | 2.5% | — | 4.3 yr |
| — | $29M | 2.4% | — | 7.5 yr |
| AMZNAmazon.com, Inc. | $24M | 2.0% | +9.5% | 7.5 yr |
| CATCaterpillar Inc. | $24M | 2.0% | +117.8% | 4.3 yr |
| — | $23M | 1.9% | — | 7.5 yr |
| CVXChevron Corporation | $22M | 1.8% | +29.2% | 7.5 yr |
| IWFiShares Russell 1000 Gro | $20M | 1.6% | — | 7.3 yr |
| IWDiShares Russell 1000 Val | $20M | 1.6% | — | 7.3 yr |
| — | $19M | 1.6% | — | 7.5 yr |
| APHAmphenol Corporation | $18M | 1.5% | +93.6% | 6.5 yr |
| PEPPepsiCo, Inc. | $18M | 1.5% | +7.7% | 6.8 yr |
Portfolio composition (YoY)
Industry mix
Unknown44.8%+2.8pp$544M
Asset Management10.8%+0.6pp$131M
Consumer Electronics4.5%-0.9pp$54M
Asset Management - Bonds3.7%-0.9pp$45M
Software - Infrastructure3.4%-0.6pp$41M
Drug Manufacturers - General2.9%+0.4pp$36M
Aerospace & Defense2.6%+0.5pp$32M
Beverages - Non-Alcoholic2.2%-0.3pp$27M
Agricultural - Machinery2.1%+0.5pp$26M
Specialty Retail2.1%-0.1pp$25M
Country
US55.0%-2.6pp
Unknown44.8%+2.8pp
DE0.1%-0.0pp
TW0.1%+0.0pp
CA0.0%-0.1pp
Top 5: 16.9% · Top 10: 27.0% · Top 25: 47.5%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| CAT | $15M | +0.02B | 117.8% |
| APH | $9M | +0.01B | 93.6% |
| AAPL | $54M | +0.01B | 14.7% |
| JNJ | $12M | +0.01B | 51.5% |
| CVX | $17M | +0.00B | 29.2% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $35M | -0.00B | -0.6% |
Top buys this quarter · 15
| AAPL Apple Inc. | +$54M |
| BDX Becton, Dickinson and Company | +$2M |
| MSFT Microsoft Corporation | +$36M |
| RRX Regal Rexnord Corporationnew | +$1M |
| APD Air Products and Chemicals, In | +$1M |
| SNPS Synopsys, Inc. | +$5M |
| AMZN Amazon.com, Inc. | +$24M |
| WFC Wells Fargo & Companynew | +$1M |
| JNJ Johnson & Johnson | +$1M |
| SBUX Starbucks Corporation | +$1M |
Top sells this quarter · 15
| CAT Caterpillar Inc. | −$23M |
| QCOM QUALCOMM Incorporated | −$1M |
| WMT Walmart Inc. | −$7M |
| C Citigroup Inc. | −$0M |
| GILD Gilead Sciences, Inc.exit | −$0M |
| AXP American Express Companyexit | −$0M |
| BHB Bar Harbor Banksharesexit | −$0M |
| BMO Bank of Montrealexit | −$0M |
| TJX The TJX Companies, Inc. | −$8M |
| PH Parker-Hannifin Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.21B | 289 | +16.08% | +17.59% | -1.52% | +0.01B |
| 2025-12-31 | $1.20B | 294 | +12.65% | +17.72% | -5.06% | +0.02B |
| 2025-09-30 | $1.16B | 292 | +9.58% | +17.52% | -7.94% | -0.01B |
| 2025-06-30 | $1.07B | 291 | +8.94% | +14.94% | -6.00% | +0.03B |
| 2025-03-31 | $996M | 287 | +6.47% | +8.30% | -1.84% | +0.00B |
| 2024-12-31 | $1.02B | 290 | +13.19% | +24.89% | -11.70% | -0.08B |
| 2024-09-30 | $1.11B | 294 | +26.59% | +36.04% | -9.45% | +0.11B |
| 2024-06-30 | $923M | 285 | +10.32% | +24.49% | -14.17% | -0.09B |
| 2024-03-31 | $996M | 281 | +16.33% | +29.62% | -13.29% | +0.20B |
| 2023-12-31 | $770M | 240 | +20.99% | +26.18% | -5.19% | +0.01B |
| 2023-09-30 | $688M | 227 | +15.71% | +21.57% | -5.86% | +0.18B |
| 2023-06-30 | $534M | 212 | +21.48% | +19.42% | +2.05% | +0.01B |
| 2023-03-31 | $483M | 208 | -2.78% | -7.82% | +5.04% | +0.04B |
| 2022-12-31 | $415M | 198 | +5.90% | +7.56% | -1.66% | +0.02B |
| 2022-09-30 | $376M | 185 | -1.10% | -4.93% | +3.83% | -0.01B |
| 2022-06-30 | $391M | 184 | -13.83% | -16.11% | +2.29% | +0.00B |