Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+7.98%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.44%
steady accumulation
Rally response
-1.67%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| JPMJPMorgan Chase & Co. | $118M | 27.9% | +21.8% | 7.5 yr |
| IVViShares Core S&P 500 ETF | $54M | 12.8% | — | 7.5 yr |
| IEFAiShares Core MSCI EAFE E | $21M | 5.0% | — | 7.5 yr |
| IVWiShares S&P 500 Growth E | $21M | 5.0% | — | 7.5 yr |
| IJHiShares Core S&P Mid-Cap | $17M | 4.0% | — | 7.5 yr |
| IJRiShares Core S&P Small-C | $16M | 3.7% | — | 7.5 yr |
| IVEiShares S&P 500 Value ET | $13M | 3.1% | — | 7.5 yr |
| IBDViShares iBonds Dec 2030 | $9M | 2.1% | — | 4.3 yr |
| IBDWiShares iBonds Dec 2031 | $9M | 2.1% | — | 3.5 yr |
| IEMGiShares Core MSCI Emergi | $9M | 2.0% | — | 7.5 yr |
| IBDXiShares iBonds Dec 2032 | $8M | 1.9% | — | 3.0 yr |
| IBDUiShares iBonds Dec 2029 | $7M | 1.8% | — | 4.3 yr |
| IBDZiShares iBonds Dec 2034 | $7M | 1.7% | — | 1.8 yr |
| IBDYiShares iBonds Dec 2033 | $7M | 1.7% | — | 2.3 yr |
| SPYState Street SPDR S&P 50 | $7M | 1.6% | +17.6% | 7.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management59.1%+1.0pp$250M
Banks - Diversified28.1%-0.1pp$118M
Asset Management - Bonds10.7%-0.7pp$45M
Semiconductors0.5%+0.2pp$2M
Consumer Electronics0.5%-0.1pp$2M
Software - Infrastructure0.3%-0.1pp$1M
Household & Personal Products0.1%-0.1pp$1M
Asset Management - Income0.1%$1M
Internet Content & Information0.1%+0.0pp$0M
Asset Management - Cryptocurrency0.1%+0.0pp$0M
Country
US100.0%+0.1pp
Top 5: 54.8% · Top 10: 67.9% · Top 25: 88.3%
Top buys this quarter · 15
| AVGO Broadcom Inc. | +$0M |
| SPY State Street SPDR S&P 500 ETF | +$7M |
| JNJ Johnson & Johnson | +$0M |
| PG The Procter & Gamble Company | +$0M |
| LRCX Lam Research Corporation | +$0M |
| AMZN Amazon.com, Inc. | +$0M |
| JPM JPMorgan Chase & Co. | +$118M |
| CLOA iShares AAA CLO Active ETFnew | +$0M |
| DFUV Dimensional - US Marketwide Va | +$0M |
| FBTC Fidelity Wise Origin Bitcoin F | +$0M |
Top sells this quarter · 15
| AAPL Apple Inc. | −$0M |
| MSFT Microsoft Corporation | −$0M |
| NVDA NVIDIA Corporation | −$0M |
| HYPR Hyperfine, Inc.exit | −$0M |
| BAC Bank of America Corporation | −$0M |
| AAAU Goldman Sachs Physical Gold ET | −$0M |
| QQQ Invesco QQQ Trust, Series 1 | −$0M |
| IVW iShares S&P 500 Growth ETF | −$0M |
| IVE iShares S&P 500 Value ETF | −$0M |
| IJK iShares S&P Mid-Cap 400 Growth | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $422M | 96 | +21.48% | +17.59% | +3.89% | +0.03B |
| 2025-12-31 | $431M | 95 | +34.72% | +17.72% | +17.00% | +0.01B |
| 2025-09-30 | $415M | 98 | +48.30% | +17.52% | +30.78% | -0.01B |
| 2025-06-30 | $389M | 86 | +42.00% | +14.94% | +27.06% | -0.03B |
| 2025-03-31 | $351M | 84 | +22.89% | +8.30% | +14.59% | -0.01B |
| 2024-12-31 | $356M | 85 | +41.99% | +24.89% | +17.10% | -0.03B |
| 2024-09-30 | $342M | 86 | +47.67% | +36.04% | +11.64% | +0.01B |
| 2024-06-30 | $320M | 82 | +40.46% | +24.49% | +15.97% | +0.01B |
| 2024-03-31 | $307M | 86 | +53.97% | +29.62% | +24.35% | -0.01B |
| 2023-12-31 | $270M | 67 | +29.99% | +26.18% | +3.82% | -0.02B |
| 2023-09-30 | $246M | 74 | +39.52% | +21.57% | +17.96% | -0.01B |
| 2023-06-30 | $260M | 77 | +31.23% | +19.42% | +11.81% | -0.02B |
| 2023-03-31 | $248M | 77 | -2.57% | -7.82% | +5.24% | +0.01B |
| 2022-12-31 | $236M | 77 | -6.11% | -18.17% | +12.06% | -0.04B |
| 2022-09-30 | $219M | 82 | -17.28% | -15.51% | -1.77% | +0.00B |
| 2022-06-30 | $231M | 83 | -11.27% | -10.62% | -0.65% | +0.01B |