Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.85%
trims when stocks drop
when a holding falls −10%+
Middle response
+4.21%
steady accumulation
Rally response
+0.22%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $194M | 3.6% | +60.9% | 7.5 yr |
| SPLGSPDR Portfolio S&P 500 E | $129M | 2.4% | — | 6.3 yr |
| DLNWisdomTree U.S. LargeCap | $120M | 2.2% | — | 6.0 yr |
| QGROAmerican Century U.S. Qu | $116M | 2.1% | — | 3.0 yr |
| AAPLApple Inc. | $108M | 2.0% | +14.7% | 7.5 yr |
| BONDPIMCO Active Bond Exchan | $88M | 1.6% | — | 2.8 yr |
| IDMOInvesco S&P Internationa | $76M | 1.4% | — | 1.3 yr |
| GLDMSPDR Gold MiniShares Tru | $76M | 1.4% | — | 3.3 yr |
| CGMSCapital Group U.S. Multi | $75M | 1.4% | — | 1.8 yr |
| AVEMAvantis Emerging Markets | $71M | 1.3% | — | 3.3 yr |
| AMZNAmazon.com, Inc. | $67M | 1.2% | +9.5% | 7.3 yr |
| VFLOVictoryShares Free Cash | $65M | 1.2% | — | 2.0 yr |
| JIREJPMorgan International R | $62M | 1.1% | — | 2.5 yr |
| MSFTMicrosoft Corporation | $61M | 1.1% | -0.6% | 7.5 yr |
| LVHIFranklin International L | $59M | 1.1% | — | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management63.7%+4.8pp$3.47B
Asset Management - Income6.5%+0.9pp$355M
Semiconductors4.9%+1.5pp$269M
Asset Management - Bonds2.7%-3.8pp$148M
Internet Content & Information2.1%+0.3pp$116M
Consumer Electronics2.0%-0.1pp$108M
Software - Infrastructure1.6%-0.3pp$86M
Specialty Retail1.4%-0.1pp$75M
Drug Manufacturers - General1.3%-0.3pp$71M
Banks - Diversified0.9%-0.2pp$49M
Country
US98.3%-0.4pp
Unknown0.4%+0.3pp
CA0.4%+0.1pp
TW0.3%+0.3pp
IE0.2%-0.2pp
GB0.1%-0.0pp
CH0.1%-0.0pp
CN0.1%-0.0pp
Top 5: 12.2% · Top 10: 19.3% · Top 25: 34.6%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $123M | +0.07B | 60.9% |
| GOOG | $28M | +0.02B | 84.3% |
| AAPL | $97M | +0.01B | 14.7% |
| AMZN | $62M | +0.01B | 9.5% |
| SPY | $28M | +0.00B | 17.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $62M | -0.00B | -0.6% |
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$17M |
| TSM Taiwan Semiconductor Manufactu | +$6M |
| NVDA NVIDIA Corporation | +$194M |
| ABT Abbott Laboratories | +$5M |
| SNOW Snowflake Inc. | +$5M |
| AMZN Amazon.com, Inc. | +$67M |
| TSLA Tesla, Inc. | +$4M |
| MSFT Microsoft Corporation | +$61M |
| MU Micron Technology, Inc. | +$3M |
| AAPL Apple Inc. | +$108M |
Top sells this quarter · 15
| QCOM QUALCOMM Incorporated | −$5M |
| CRM Salesforce, Inc. | −$4M |
| UNP Union Pacific Corporation | −$4M |
| UNH UnitedHealth Group Incorporate | −$3M |
| AMT American Tower Corporation | −$3M |
| MS Morgan Stanley | −$3M |
| CCJ Cameco Corporation | −$3M |
| NVS Novartis AG | −$3M |
| PANW Palo Alto Networks, Inc. | −$2M |
| B Barrick Mining Corporation | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $5.44B | 991 | +20.54% | +17.59% | +2.95% | +0.50B |
| 2025-12-31 | $5.15B | 936 | +19.91% | +17.72% | +2.19% | +0.12B |
| 2025-09-30 | $4.94B | 913 | +20.77% | +17.52% | +3.25% | -0.02B |
| 2025-06-30 | $4.49B | 884 | +15.55% | +14.94% | +0.60% | -0.69B |
| 2025-03-31 | $4.63B | 862 | +6.43% | +8.30% | -1.87% | +0.38B |
| 2024-12-31 | $4.45B | 834 | +19.86% | +24.89% | -5.03% | +0.30B |
| 2024-09-30 | $4.05B | 826 | +29.74% | +36.04% | -6.29% | +0.29B |
| 2024-06-30 | $3.57B | 772 | +17.37% | +24.49% | -7.12% | +0.18B |
| 2024-03-31 | $3.29B | 744 | +23.37% | +29.62% | -6.26% | +0.23B |
| 2023-12-31 | $2.85B | 708 | +23.38% | +26.18% | -2.79% | +0.17B |
| 2023-09-30 | $2.41B | 671 | +16.81% | +21.57% | -4.76% | +0.15B |
| 2023-06-30 | $2.37B | 696 | +17.78% | +19.42% | -1.65% | +0.07B |
| 2023-03-31 | $2.13B | 691 | -7.76% | -7.82% | +0.06% | +0.04B |
| 2022-12-31 | $1.94B | 684 | -18.25% | -18.17% | -0.07% | +0.08B |
| 2022-09-30 | $1.77B | 665 | -13.56% | -15.51% | +1.95% | +0.04B |
| 2022-06-30 | $1.80B | 664 | -9.68% | -10.62% | +0.94% | +0.36B |