Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.30%
trims when stocks drop
when a holding falls −10%+
Middle response
+4.57%
steady accumulation
Rally response
+6.41%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SGOViShares 0-3 Month Treasu | $60M | 4.7% | — | 2.3 yr |
| SPLGSPDR Portfolio S&P 500 E | $47M | 3.7% | — | 4.8 yr |
| SPYVState Street SPDR Portfo | $42M | 3.3% | — | 4.3 yr |
| IWYiShares Russell Top 200 | $37M | 2.9% | — | 3.5 yr |
| AAPLApple Inc. | $34M | 2.6% | +14.7% | 7.5 yr |
| BSCRInvesco BulletShares 202 | $27M | 2.1% | — | 3.0 yr |
| BSCQInvesco BulletShares 202 | $27M | 2.1% | — | 3.5 yr |
| BSCSInvesco BulletShares 202 | $26M | 2.0% | — | 3.0 yr |
| BSCTInvesco BulletShares 202 | $25M | 1.9% | — | 3.0 yr |
| BSCVInvesco BulletShares 203 | $24M | 1.9% | — | 3.0 yr |
| BSCUInvesco BulletShares 203 | $24M | 1.9% | — | 2.5 yr |
| SPDWState Street SPDR Portfo | $22M | 1.7% | — | 3.5 yr |
| BSCWInvesco BulletShares 203 | $22M | 1.7% | — | 2.8 yr |
| NVDANVIDIA Corporation | $21M | 1.6% | +60.9% | 7.3 yr |
| VUGVanguard Growth ETF | $20M | 1.5% | — | 7.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management52.6%+2.6pp$674M
Asset Management - Bonds17.9%-1.4pp$230M
Semiconductors3.2%+1.1pp$41M
Consumer Electronics2.6%+0.0pp$34M
Drug Manufacturers - General2.6%+0.3pp$34M
Software - Infrastructure1.9%-0.3pp$25M
Internet Content & Information1.6%-0.1pp$20M
Oil & Gas Integrated1.4%+0.3pp$18M
Asset Management - Global1.0%+0.5pp$13M
Specialty Retail0.9%-0.7pp$11M
Country
US98.0%-0.3pp
GB0.5%+0.3pp
IT0.3%
IE0.3%+0.0pp
CA0.2%-0.0pp
TW0.2%+0.1pp
CH0.1%+0.0pp
Unknown0.1%+0.0pp
Top 5: 17.2% · Top 10: 27.2% · Top 25: 45.7%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $12M | +0.01B | 60.9% |
| JNJ | $10M | +0.01B | 51.5% |
| AAPL | $25M | +0.00B | 14.7% |
| SPY | $15M | +0.00B | 17.6% |
| AMZN | $11M | +0.00B | 9.5% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $18M | -0.00B | -0.6% |
Top buys this quarter · 15
| ET Energy Transfer LP | +$2M |
| COP ConocoPhillips | +$2M |
| MU Micron Technology, Inc. | +$2M |
| LAND Gladstone Land Corporationnew | +$1M |
| AAPL Apple Inc. | +$34M |
| BE Bloom Energy Corporationnew | +$1M |
| AZN AstraZeneca PLCnew | +$1M |
| GEV GE Vernova Inc. | +$1M |
| AMZN Amazon.com, Inc. | +$11M |
| NVDA NVIDIA Corporation | +$21M |
Top sells this quarter · 15
| TD The Toronto-Dominion Bankexit | −$3M |
| BABA Alibaba Group Holding Limitedexit | −$2M |
| C Citigroup Inc. | −$2M |
| SPOT Spotify Technology S.A. | −$1M |
| STT State Street Corporationexit | −$0M |
| DELL Dell Technologies Inc.exit | −$0M |
| O Realty Income Corporationexit | −$0M |
| PEP PepsiCo, Inc. | −$0M |
| XOM Exxon Mobil Corporation | −$5M |
| ICE Intercontinental Exchange, Incexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.28B | 512 | +21.18% | +17.59% | +3.59% | +0.04B |
| 2025-12-31 | $1.25B | 504 | +19.46% | +17.72% | +1.74% | +0.03B |
| 2025-09-30 | $1.19B | 491 | +19.14% | +17.52% | +1.62% | +0.02B |
| 2025-06-30 | $1.07B | 465 | +16.08% | +14.94% | +1.14% | +0.02B |
| 2025-03-31 | $964M | 455 | +9.18% | +8.30% | +0.87% | +0.04B |
| 2024-12-31 | $948M | 468 | +19.84% | +24.89% | -5.05% | +0.13B |
| 2024-09-30 | $801M | 429 | +29.30% | +36.04% | -6.74% | +0.08B |
| 2024-06-30 | $677M | 416 | +15.94% | +24.49% | -8.55% | +0.03B |
| 2024-03-31 | $629M | 404 | +22.26% | +29.62% | -7.36% | +0.07B |
| 2023-12-31 | $524M | 379 | +23.03% | +26.18% | -3.15% | +0.12B |
| 2023-09-30 | $367M | 332 | +16.07% | +21.57% | -5.49% | +0.02B |
| 2023-06-30 | $366M | 336 | +15.86% | +19.42% | -3.57% | +0.00B |
| 2023-03-31 | $339M | 321 | -7.71% | -7.82% | +0.10% | +0.04B |
| 2022-12-31 | $275M | 266 | -18.21% | -18.17% | -0.04% | +0.02B |
| 2022-09-30 | $248M | 245 | -12.66% | -15.51% | +2.85% | +0.00B |
| 2022-06-30 | $256M | 248 | -8.27% | -10.62% | +2.35% | +0.02B |