Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-11.66%
trims when stocks drop
when a holding falls −10%+
Middle response
-10.01%
baseline attrition
Rally response
-5.33%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SHWThe Sherwin-Williams Com | $11M | 5.3% | -7.4% | 6.0 yr |
| BARGraniteShares Gold Trust | $7M | 3.3% | — | 3.8 yr |
| JNJJohnson & Johnson | $6M | 3.1% | +51.5% | 6.0 yr |
| CATCaterpillar Inc. | $6M | 3.0% | +117.8% | 2.0 yr |
| WMTWalmart Inc. | $6M | 2.9% | +42.8% | 5.3 yr |
| FTCBFirst Trust Core Investm | $6M | 2.8% | — | 0.3 yr |
| SCIOFirst Trust Structured C | $5M | 2.7% | — | 0.3 yr |
| AGGiShares Core U.S. Aggreg | $5M | 2.6% | — | 0.8 yr |
| DOVDover Corporation | $5M | 2.5% | +20.0% | 6.0 yr |
| NEENextEra Energy, Inc. | $5M | 2.5% | +34.9% | 7.5 yr |
| CTASCintas Corporation | $5M | 2.4% | -17.0% | 6.0 yr |
| ABBVAbbVie Inc. | $5M | 2.4% | +7.3% | 7.5 yr |
| GDGeneral Dynamics Corpora | $4M | 2.1% | +27.8% | 1.0 yr |
| AXPAmerican Express Company | $4M | 2.1% | +13.3% | 6.3 yr |
| TGTTarget Corporation | $4M | 2.1% | +21.5% | 3.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management21.0%+5.3pp$42M
Drug Manufacturers - General8.1%+3.7pp$16M
Discount Stores6.6%+4.1pp$13M
Industrial - Machinery6.2%+3.1pp$13M
Chemicals - Specialty5.5%-6.0pp$11M
Software - Infrastructure4.0%+1.1pp$8M
Semiconductors3.6%+2.3pp$7M
Internet Content & Information3.4%+1.1pp$7M
Regulated Electric3.1%-0.4pp$6M
Agricultural - Machinery3.0%$6M
Country
US97.6%+0.2pp
CH2.1%-0.3pp
CA0.3%-0.0pp
Unknown0.1%
Top 5: 17.7% · Top 10: 30.8% · Top 25: 61.3%
Top buys this quarter · 15
| DOV Dover Corporation | +$4M |
| TGT Target Corporation | +$4M |
| ADM Archer-Daniels-Midland Company | +$3M |
| LRCX Lam Research Corporationnew | +$3M |
| COST Costco Wholesale Corporation | +$2M |
| VRT Vertiv Holdings Co | +$2M |
| MSFT Microsoft Corporation | +$4M |
| AMZN Amazon.com, Inc. | +$1M |
| CTAS Cintas Corporation | +$5M |
| NFLX Netflix, Inc. | +$0M |
Top sells this quarter · 15
| NUE Nucor Corporationexit | −$4M |
| TER Teradyne, Inc.exit | −$4M |
| CINF Cincinnati Financial Corporati | −$4M |
| WST West Pharmaceutical Services, exit | −$3M |
| SPGI S&P Global Inc. | −$3M |
| JKHY Jack Henry & Associates, Inc.exit | −$3M |
| WM Waste Management, Inc.exit | −$2M |
| AVGO Broadcom Inc. | −$2M |
| FSLR First Solar, Inc.exit | −$2M |
| ATO Atmos Energy Corporation | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $202M | 95 | +20.10% | +17.59% | +2.51% | -0.00B |
| 2025-12-31 | $203M | 100 | +22.70% | +17.72% | +4.98% | +0.00B |
| 2025-09-30 | $195M | 102 | +18.27% | +17.52% | +0.76% | +0.00B |
| 2025-06-30 | $179M | 101 | +26.40% | +14.94% | +11.46% | -0.00B |
| 2025-03-31 | $165M | 91 | +21.10% | +8.30% | +12.80% | -0.00B |
| 2024-12-31 | $165M | 91 | +25.10% | +24.89% | +0.21% | -0.01B |
| 2024-09-30 | $176M | 93 | +34.04% | +36.04% | -2.00% | -0.00B |
| 2024-06-30 | $157M | 87 | +16.64% | +24.49% | -7.85% | +0.07B |
| 2024-03-31 | $87M | 57 | +16.93% | +29.62% | -12.69% | -0.07B |
| 2023-12-31 | $153M | 91 | +14.22% | +26.18% | -11.96% | +0.08B |
| 2023-09-30 | $67M | 44 | +23.84% | +21.57% | +2.28% | +0.00B |
| 2023-06-30 | $66M | 43 | +20.75% | +19.42% | +1.32% | -0.07B |
| 2023-03-31 | $135M | 83 | +6.47% | -7.82% | +14.29% | +0.08B |
| 2022-12-31 | $50M | 36 | +15.79% | +7.56% | +8.23% | +0.00B |
| 2022-09-30 | $42M | 37 | -3.10% | -4.93% | +1.83% | -0.07B |
| 2022-06-30 | $115M | 90 | -8.02% | -16.11% | +8.09% | -0.05B |