Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+6.21%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.98%
steady accumulation
Rally response
-2.26%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BRK-BBerkshire Hathaway Inc. | $15M | 2.7% | — | 5.5 yr |
| AAPLApple Inc. | $13M | 2.4% | +14.7% | 5.5 yr |
| AVUVAvantis U.S. Small Cap V | $12M | 2.1% | — | 4.5 yr |
| SGOViShares 0-3 Month Treasu | $11M | 2.0% | — | 3.0 yr |
| DFACDimensional - US Core Eq | $10M | 1.9% | — | 4.5 yr |
| CSMProShares - Large Cap Co | $10M | 1.8% | — | 5.5 yr |
| BGYBlackRock Enhanced Inter | $10M | 1.8% | — | 5.3 yr |
| RVTRoyce Value Trust Inc. | $9M | 1.7% | — | 5.3 yr |
| DFASDimensional - US Small C | $9M | 1.7% | — | 4.5 yr |
| GOOGLAlphabet Inc. | $9M | 1.6% | — | 5.5 yr |
| VOOVanguard S&P 500 ETF | $9M | 1.6% | — | 5.5 yr |
| ADXAdams Diversified Equity | $8M | 1.5% | — | 5.3 yr |
| TCALT. Rowe Price Capital Ap | $8M | 1.4% | — | 0.8 yr |
| BDJBlackRock Enhanced Equit | $7M | 1.3% | — | 5.3 yr |
| CBSHCommerce Bancshares, Inc | $7M | 1.2% | -19.4% | 5.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management44.5%+1.8pp$242M
Semiconductors3.2%+1.8pp$17M
Insurance - Diversified3.0%-1.5pp$16M
Software - Infrastructure2.6%+0.3pp$14M
Internet Content & Information2.5%+0.7pp$14M
Consumer Electronics2.4%-0.3pp$13M
Asset Management - Bonds2.2%+1.4pp$12M
Drug Manufacturers - General2.0%-0.0pp$11M
Asset Management - Income1.9%-0.8pp$10M
Financial - Capital Markets1.7%-0.7pp$9M
Country
US89.1%+2.5pp
CA2.0%+0.1pp
BR1.9%-0.2pp
IE1.8%+0.9pp
Unknown1.5%-0.6pp
FR1.2%+0.1pp
CN0.9%-0.5pp
GB0.6%-0.9pp
Top 5: 11.1% · Top 10: 19.7% · Top 25: 37.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $544M | 282 | +16.22% | +17.59% | -1.37% | +0.04B |
| 2025-12-31 | $526M | 273 | +14.52% | +17.72% | -3.20% | +0.02B |
| 2025-09-30 | $488M | 268 | +12.72% | +17.52% | -4.80% | +0.00B |
| 2025-06-30 | $446M | 262 | +13.28% | +14.94% | -1.66% | +0.01B |
| 2025-03-31 | $410M | 257 | +4.82% | +8.30% | -3.49% | +0.02B |
| 2024-12-31 | $410M | 255 | +17.52% | +24.89% | -7.37% | -0.01B |
| 2024-09-30 | $408M | 252 | +28.46% | +36.04% | -7.58% | +0.00B |
| 2024-06-30 | $369M | 245 | +13.64% | +24.49% | -10.85% | +0.02B |
| 2024-03-31 | $357M | 243 | +19.63% | +29.62% | -10.00% | -0.00B |
| 2023-12-31 | $339M | 247 | +17.47% | +26.18% | -8.70% | -0.00B |
| 2023-09-30 | $305M | 245 | +14.73% | +21.57% | -6.84% | -0.02B |
| 2023-06-30 | $336M | 249 | +12.94% | +19.42% | -6.48% | +0.02B |
| 2023-03-31 | $306M | 244 | -5.97% | -7.82% | +1.85% | +0.00B |
| 2022-12-31 | $291M | 243 | -14.41% | -18.17% | +3.77% | +0.00B |
| 2022-09-30 | $262M | 239 | -13.02% | -15.51% | +2.49% | +0.03B |
| 2022-06-30 | $247M | 233 | -8.23% | -10.62% | +2.39% | +0.02B |