Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.95%
adds when stocks drop
when a holding falls −10%+
Middle response
+8.67%
steady accumulation
Rally response
+4.84%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTIVanguard Total Stock Mar | $556M | 7.2% | — | 7.5 yr |
| VEUVanguard FTSE All-World | $259M | 3.3% | — | 7.5 yr |
| AAPLApple Inc. | $168M | 2.2% | +14.7% | 5.5 yr |
| IVViShares Core S&P 500 ETF | $167M | 2.2% | — | 5.5 yr |
| VUGVanguard Growth ETF | $124M | 1.6% | — | 7.3 yr |
| NVDANVIDIA Corporation | $120M | 1.6% | +60.9% | 5.0 yr |
| VTVVanguard Value ETF | $108M | 1.4% | — | 7.5 yr |
| SPYState Street SPDR S&P 50 | $97M | 1.3% | +17.6% | 5.5 yr |
| VOOVanguard S&P 500 ETF | $97M | 1.2% | — | 5.5 yr |
| MSFTMicrosoft Corporation | $88M | 1.1% | -0.6% | 5.5 yr |
| AMZNAmazon.com, Inc. | $85M | 1.1% | +9.5% | 5.5 yr |
| QQQMInvesco NASDAQ 100 ETF | $82M | 1.1% | — | 0.8 yr |
| BRK-BBerkshire Hathaway Inc. | $80M | 1.0% | — | 5.0 yr |
| QQQInvesco QQQ Trust, Serie | $71M | 0.9% | — | 4.8 yr |
| PYLDPIMCO Multisector Bond A | $65M | 0.8% | — | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management56.3%+0.9pp$4.36B
Asset Management - Bonds7.6%+0.3pp$589M
Semiconductors3.6%+0.7pp$275M
Software - Infrastructure2.2%-0.1pp$168M
Consumer Electronics2.2%-0.1pp$168M
Asset Management - Income1.9%+1.5pp$146M
Drug Manufacturers - General1.6%+0.1pp$120M
Specialty Retail1.4%-0.6pp$105M
Internet Content & Information1.3%-0.0pp$103M
Banks - Diversified1.1%-0.0pp$89M
Country
US96.6%+0.1pp
CA1.7%+0.1pp
Unknown0.3%+0.2pp
IE0.2%-0.2pp
TW0.2%-0.1pp
GB0.2%+0.0pp
BM0.2%-0.0pp
NL0.1%+0.1pp
Top 5: 16.4% · Top 10: 23.0% · Top 25: 34.7%
Top buys this quarter · 15
| AAPL Apple Inc. | +$32M |
| GOOG Alphabet Inc. | +$22M |
| CAT Caterpillar Inc. | +$17M |
| META Meta Platforms, Inc. | +$14M |
| AMAT Applied Materials, Inc. | +$13M |
| AVGO Broadcom Inc. | +$13M |
| LLY Eli Lilly and Company | +$12M |
| AMZN Amazon.com, Inc. | +$11M |
| NVDA NVIDIA Corporation | +$10M |
| BA The Boeing Company | +$10M |
Top sells this quarter · 15
| WPM Wheaton Precious Metals Corp. | −$9M |
| ALB Albemarle Corporationexit | −$6M |
| WFC Wells Fargo & Company | −$3M |
| IBM International Business Machine | −$3M |
| PLTR Palantir Technologies Inc. | −$3M |
| SOFI SoFi Technologies, Inc. | −$2M |
| INTC Intel Corporation | −$2M |
| ISRG Intuitive Surgical, Inc. | −$2M |
| WMT Walmart Inc. | −$29M |
| BIIB Biogen Inc.exit | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $7.75B | 1388 | +19.01% | +17.59% | +1.42% | +1.25B |
| 2025-12-31 | $6.73B | 1277 | +19.49% | +17.72% | +1.77% | +0.16B |
| 2025-09-30 | $6.48B | 1233 | +19.57% | +17.52% | +2.06% | +1.62B |
| 2025-06-30 | $4.42B | 809 | +14.66% | +14.94% | -0.28% | +0.47B |
| 2025-03-31 | $3.57B | 706 | +7.11% | +8.30% | -1.20% | +0.80B |
| 2024-12-31 | $2.85B | 636 | +19.09% | +24.89% | -5.79% | +0.26B |
| 2024-09-30 | $2.55B | 539 | +31.90% | +36.04% | -4.14% | +0.25B |
| 2024-06-30 | $2.19B | 487 | +21.24% | +24.49% | -3.25% | +0.44B |
| 2024-03-31 | $1.69B | 381 | +27.84% | +29.62% | -1.78% | +0.04B |
| 2023-12-31 | $1.53B | 351 | +29.71% | +26.18% | +3.54% | +0.01B |
| 2023-09-30 | $1.35B | 332 | +20.13% | +21.57% | -1.43% | +0.03B |
| 2023-06-30 | $1.37B | 319 | +18.75% | +19.42% | -0.67% | +0.12B |
| 2023-03-31 | $1.14B | 256 | -6.56% | -7.82% | +1.26% | -0.02B |
| 2022-12-31 | $1.06B | 248 | -18.57% | -18.17% | -0.39% | -0.04B |
| 2022-09-30 | $1.06B | 253 | -13.11% | -15.51% | +2.40% | +0.04B |
| 2022-06-30 | $1.07B | 231 | -8.59% | -10.62% | +2.03% | -0.03B |