Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.66%
trims when stocks drop
when a holding falls −10%+
Middle response
+3.68%
steady accumulation
Rally response
-2.71%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $80M | 10.6% | — | 7.0 yr |
| XOMExxon Mobil Corporation | $55M | 7.2% | +47.6% | 7.5 yr |
| IAUiShares Gold Trust | $52M | 6.8% | — | 5.0 yr |
| AAPLApple Inc. | $24M | 3.1% | +14.7% | 7.5 yr |
| VOVanguard Mid-Cap ETF | $23M | 3.0% | — | 7.5 yr |
| USMViShares MSCI USA Min Vol | $22M | 2.9% | — | 7.5 yr |
| MSFTMicrosoft Corporation | $21M | 2.8% | -0.6% | 7.5 yr |
| SPYState Street SPDR S&P 50 | $20M | 2.7% | +17.6% | 7.5 yr |
| VOOVanguard S&P 500 ETF | $16M | 2.1% | — | 6.5 yr |
| JPMJPMorgan Chase & Co. | $15M | 2.0% | +21.8% | 7.5 yr |
| GOOGLAlphabet Inc. | $15M | 2.0% | — | 7.5 yr |
| OEFiShares S&P 100 ETF | $15M | 2.0% | — | 1.3 yr |
| NVDANVIDIA Corporation | $15M | 1.9% | +60.9% | 6.8 yr |
| VEAVanguard FTSE Developed | $14M | 1.8% | — | 5.0 yr |
| AVDEAvantis International Eq | $14M | 1.8% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management47.0%+11.7pp$356M
Oil & Gas Integrated7.5%+1.0pp$57M
Semiconductors4.9%+1.1pp$37M
Internet Content & Information3.3%+0.3pp$25M
Software - Infrastructure3.3%-0.5pp$25M
Consumer Electronics3.1%-0.5pp$24M
Discount Stores2.4%-0.5pp$18M
Specialty Retail2.4%-0.7pp$18M
Drug Manufacturers - General2.2%-0.6pp$17M
Banks - Diversified2.1%-0.3pp$16M
Country
US96.9%+0.8pp
IE2.0%-0.7pp
NL0.4%-0.3pp
CH0.2%-0.1pp
CA0.2%
TW0.1%+0.1pp
Unknown0.1%-0.0pp
UY0.1%-0.0pp
Top 5: 30.7% · Top 10: 43.3% · Top 25: 65.9%
Top buys this quarter · 15
| TCBX Third Coast Bancshares, Inc. | +$7M |
| NFLX Netflix, Inc. | +$3M |
| HON Honeywell International Inc. | +$3M |
| UBER Uber Technologies, Inc. | +$2M |
| AMAT Applied Materials, Inc. | +$2M |
| MDT Medtronic plc | +$2M |
| CSCO Cisco Systems, Inc. | +$2M |
| DOV Dover Corporation | +$2M |
| XOM Exxon Mobil Corporation | +$1M |
| PANW Palo Alto Networks, Inc. | +$1M |
Top sells this quarter · 15
| MRK Merck & Co., Inc. | −$3M |
| MMM 3M Company | −$3M |
| UNP Union Pacific Corporation | −$3M |
| CRM Salesforce, Inc. | −$3M |
| ANET Arista Networks, Inc.exit | −$2M |
| UNH UnitedHealth Group Incorporate | −$2M |
| V Visa Inc. | −$2M |
| NXPI NXP Semiconductors N.V. | −$1M |
| MU Micron Technology, Inc. | −$0M |
| JPM JPMorgan Chase & Co. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $756M | 202 | +10.80% | +17.59% | -6.79% | +0.02B |
| 2025-12-31 | $722M | 185 | +3.65% | +17.72% | -14.07% | +0.01B |
| 2025-09-30 | $704M | 186 | +2.92% | +17.52% | -14.60% | +0.04B |
| 2025-06-30 | $632M | 180 | +4.25% | +14.94% | -10.69% | +0.02B |
| 2025-03-31 | $589M | 170 | +0.65% | +8.30% | -7.65% | +0.01B |
| 2024-12-31 | $606M | 175 | +17.65% | +24.89% | -7.24% | +0.01B |
| 2024-09-30 | $598M | 176 | +28.02% | +36.04% | -8.02% | +0.00B |
| 2024-06-30 | $561M | 175 | +18.29% | +24.49% | -6.20% | +0.03B |
| 2024-03-31 | $532M | 176 | +27.29% | +29.62% | -2.33% | +0.02B |
| 2023-12-31 | $457M | 177 | +19.20% | +26.18% | -6.98% | +0.02B |
| 2023-09-30 | $400M | 178 | +21.28% | +21.57% | -0.28% | -0.00B |
| 2023-06-30 | $413M | 183 | +20.78% | +19.42% | +1.35% | -0.02B |
| 2023-03-31 | $399M | 188 | -0.29% | -7.82% | +7.53% | -0.01B |
| 2022-12-31 | $388M | 191 | -8.78% | -18.17% | +9.40% | -0.00B |
| 2022-09-30 | $355M | 186 | -8.38% | -15.51% | +7.13% | -0.01B |
| 2022-06-30 | $376M | 195 | -5.39% | -10.62% | +5.23% | -0.01B |