Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.93%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.51%
steady accumulation
Rally response
+4.25%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $87M | 5.7% | +17.6% | 7.3 yr |
| AAPLApple Inc. | $74M | 4.8% | +14.7% | 7.0 yr |
| IVViShares Core S&P 500 ETF | $51M | 3.3% | — | 7.3 yr |
| NVDANVIDIA Corporation | $51M | 3.3% | +60.9% | 6.0 yr |
| MSFTMicrosoft Corporation | $50M | 3.3% | -0.6% | 7.3 yr |
| IDEViShares Core MSCI Intern | $46M | 3.0% | — | 7.3 yr |
| AVGOBroadcom Inc. | $36M | 2.3% | +86.0% | 6.3 yr |
| SCHXSchwab U.S. Large-Cap ET | $34M | 2.2% | — | 2.3 yr |
| GOOGLAlphabet Inc. | $29M | 1.9% | — | 6.0 yr |
| VCRBVanguard Core Bond ETF | $26M | 1.7% | — | 1.3 yr |
| AMZNAmazon.com, Inc. | $25M | 1.7% | +9.5% | 7.0 yr |
| VOOVanguard S&P 500 ETF | $25M | 1.6% | — | 2.3 yr |
| IWBiShares Russell 1000 ETF | $23M | 1.5% | — | 2.3 yr |
| VTIVanguard Total Stock Mar | $22M | 1.5% | — | 4.5 yr |
| ACWXiShares MSCI ACWI ex U.S | $22M | 1.4% | — | 4.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management39.9%-1.1pp$611M
Semiconductors8.2%+0.2pp$126M
Consumer Electronics4.8%+0.7pp$74M
Software - Infrastructure4.0%+1.1pp$61M
Drug Manufacturers - General3.7%+0.3pp$57M
Internet Content & Information3.3%+1.2pp$50M
Banks - Diversified2.9%+0.3pp$44M
Specialty Retail2.1%+0.4pp$32M
Industrial - Machinery1.9%+0.4pp$30M
Regulated Electric1.7%+0.3pp$27M
Country
US97.6%+0.1pp
IE1.1%-0.4pp
Unknown0.4%+0.4pp
CH0.3%+0.0pp
SG0.1%+0.1pp
GB0.1%+0.0pp
CA0.1%-0.5pp
TW0.1%+0.0pp
Top 5: 20.4% · Top 10: 31.5% · Top 25: 49.7%
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$7M |
| HON Honeywell International Inc. | +$5M |
| MCD McDonald's Corporation | +$5M |
| NEE NextEra Energy, Inc. | +$4M |
| TXN Texas Instruments Incorporated | +$4M |
| BSX Boston Scientific Corporation | +$4M |
| NVDA NVIDIA Corporation | +$4M |
| MDT Medtronic plc | +$3M |
| IBM International Business Machine | +$3M |
| NOW ServiceNow, Inc. | +$2M |
Top sells this quarter · 15
| DPZ Domino's Pizza, Inc.exit | −$8M |
| CFG Citizens Financial Group, Inc. | −$7M |
| SPY State Street SPDR S&P 500 ETF | −$7M |
| ABT Abbott Laboratories | −$6M |
| BX Blackstone Inc. | −$6M |
| CMI Cummins Inc. | −$5M |
| VLO Valero Energy Corporation | −$5M |
| DG Dollar General Corporation | −$4M |
| AMAT Applied Materials, Inc. | −$10M |
| PNC The PNC Financial Services Gro | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.53B | 436 | +21.45% | +17.59% | +3.85% | +0.11B |
| 2025-12-31 | $1.46B | 387 | +18.74% | +17.72% | +1.02% | -0.05B |
| 2025-09-30 | $1.47B | 348 | +19.83% | +17.52% | +2.31% | +0.03B |
| 2025-06-30 | $1.33B | 320 | +16.17% | +14.94% | +1.23% | -0.01B |
| 2025-03-31 | $1.20B | 285 | +6.64% | +8.30% | -1.67% | +0.03B |
| 2024-12-31 | $1.22B | 271 | +22.14% | +24.89% | -2.74% | -0.02B |
| 2024-09-30 | $1.21B | 263 | +31.25% | +36.04% | -4.78% | +0.02B |
| 2024-06-30 | $1.12B | 248 | +20.51% | +24.49% | -3.98% | +0.01B |
| 2024-03-31 | $1.08B | 244 | +23.72% | +29.62% | -5.90% | +0.32B |
| 2023-12-31 | $698M | 145 | +16.87% | +26.18% | -9.30% | +0.07B |
| 2023-09-30 | $563M | 145 | +15.03% | +21.57% | -6.54% | +0.03B |
| 2023-06-30 | $551M | 144 | +13.80% | +19.42% | -5.63% | -0.04B |
| 2023-03-31 | $562M | 146 | -5.71% | -7.82% | +2.11% | +0.03B |
| 2022-12-31 | $517M | 133 | -12.94% | -18.17% | +5.24% | +0.02B |
| 2022-09-30 | $452M | 124 | -11.51% | -15.51% | +4.00% | -0.00B |
| 2022-06-30 | $477M | 126 | -7.00% | -10.62% | +3.62% | +0.00B |