Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.58%
trims when stocks drop
when a holding falls −10%+
Middle response
+3.28%
steady accumulation
Rally response
+0.03%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $45M | 5.5% | — | 6.3 yr |
| VEAVanguard FTSE Developed | $27M | 3.3% | — | 7.3 yr |
| IWDiShares Russell 1000 Val | $27M | 3.3% | — | 3.3 yr |
| IWFiShares Russell 1000 Gro | $26M | 3.1% | — | 7.5 yr |
| AAPLApple Inc. | $25M | 3.0% | +14.7% | 7.5 yr |
| NVDANVIDIA Corporation | $21M | 2.5% | +60.9% | 6.3 yr |
| MSFTMicrosoft Corporation | $20M | 2.4% | -0.6% | 7.5 yr |
| AMZNAmazon.com, Inc. | $18M | 2.2% | +9.5% | 7.5 yr |
| IUSBiShares Core Universal U | $16M | 1.9% | — | 3.0 yr |
| — | $15M | 1.8% | — | 0.3 yr |
| QQQInvesco QQQ Trust, Serie | $15M | 1.8% | — | 6.0 yr |
| SPYState Street SPDR S&P 50 | $14M | 1.7% | +17.6% | 7.5 yr |
| DYNFiShares U.S. Equity Fact | $14M | 1.7% | — | 2.3 yr |
| IVViShares Core S&P 500 ETF | $14M | 1.6% | — | 6.3 yr |
| JPMJPMorgan Chase & Co. | $12M | 1.4% | +21.8% | 7.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management49.6%+10.4pp$410M
Semiconductors4.6%+0.8pp$38M
Asset Management - Bonds4.3%+0.6pp$36M
Internet Content & Information3.3%+0.5pp$28M
Software - Infrastructure3.1%-7.3pp$26M
Consumer Electronics3.0%-0.8pp$25M
Drug Manufacturers - General2.5%-0.1pp$21M
Specialty Retail2.4%+0.3pp$20M
Unknown2.3%+1.8pp$19M
Banks - Diversified2.3%-0.3pp$19M
Country
US96.0%+0.3pp
Unknown2.3%+1.8pp
IE0.6%-0.3pp
CA0.4%+0.0pp
CH0.2%-0.2pp
GB0.1%-0.3pp
DK0.1%-0.1pp
CN0.1%-0.2pp
Top 5: 18.2% · Top 10: 29.0% · Top 25: 47.6%
Top buys this quarter · 15
| HUBS HubSpot, Inc.new | +$6M |
| AMZN Amazon.com, Inc. | +$5M |
| MSFT Microsoft Corporation | +$20M |
| NVDA NVIDIA Corporation | +$3M |
| AAPL Apple Inc. | +$2M |
| AVGO Broadcom Inc. | +$1M |
| GOOG Alphabet Inc. | +$1M |
| META Meta Platforms, Inc. | +$10M |
| TSLA Tesla, Inc. | +$5M |
| WMT Walmart Inc. | +$1M |
Top sells this quarter · 15
| IDCC InterDigital, Inc. | −$3M |
| WDC Western Digital Corporation | −$1M |
| RKLB Rocket Lab USA, Inc.exit | −$1M |
| VLO Valero Energy Corporation | −$1M |
| ITW Illinois Tool Works Inc. | −$1M |
| EOG EOG Resources, Inc. | −$1M |
| SPY State Street SPDR S&P 500 ETF | −$1M |
| MPC Marathon Petroleum Corporation | −$0M |
| ULTA Ulta Beauty, Inc. | −$0M |
| PEP PepsiCo, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $827M | 505 | +18.94% | +17.59% | +1.35% | +0.11B |
| 2025-12-31 | $731M | 416 | +14.08% | +17.72% | -3.64% | +0.03B |
| 2025-09-30 | $683M | 395 | +16.04% | +17.52% | -1.48% | +0.03B |
| 2025-06-30 | $604M | 371 | +16.98% | +14.94% | +2.04% | -0.21B |
| 2025-03-31 | $745M | 509 | +8.96% | +8.30% | +0.66% | +0.06B |
| 2024-12-31 | $736M | 483 | +24.51% | +24.89% | -0.38% | -0.06B |
| 2024-09-30 | $769M | 508 | +33.61% | +36.04% | -2.43% | +0.07B |
| 2024-06-30 | $636M | 424 | +16.53% | +24.49% | -7.96% | +0.05B |
| 2024-03-31 | $572M | 414 | +22.71% | +29.62% | -6.91% | +0.08B |
| 2023-12-31 | $460M | 380 | +22.41% | +26.18% | -3.76% | +0.01B |
| 2023-09-30 | $399M | 364 | +16.89% | +21.57% | -4.68% | +0.02B |
| 2023-06-30 | $402M | 369 | +16.07% | +19.42% | -3.36% | +0.04B |
| 2023-03-31 | $340M | 348 | -13.05% | -7.82% | -5.23% | +0.01B |
| 2022-12-31 | $306M | 322 | -22.19% | -18.17% | -4.01% | +0.04B |
| 2022-09-30 | $247M | 274 | -18.84% | -15.51% | -3.33% | +0.01B |
| 2022-06-30 | $251M | 275 | -14.02% | -10.62% | -3.40% | +0.03B |