Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.87%
adds when stocks drop
when a holding falls −10%+
Middle response
-10.42%
baseline attrition
Rally response
-7.94%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| DFACDimensional - US Core Eq | $21M | 10.1% | — | 3.5 yr |
| FBNDFidelity Total Bond ETF | $18M | 8.9% | — | 2.3 yr |
| RDVYFirst Trust Rising Divid | $18M | 8.7% | — | 4.8 yr |
| FTCSFirst Trust Capital Stre | $17M | 8.5% | — | 5.5 yr |
| DFAIDimensional - Internatio | $15M | 7.4% | — | 5.3 yr |
| QGRWWisdomTree U.S. Quality | $11M | 5.3% | — | 2.3 yr |
| AAPLApple Inc. | $9M | 4.4% | +14.7% | 6.5 yr |
| CGGRCapital Group Growth ETF | $9M | 4.3% | — | 1.3 yr |
| HGERHarbor Commodity All-Wea | $7M | 3.6% | — | 1.3 yr |
| XCWisdomTree True Emerging | $6M | 3.2% | — | 1.3 yr |
| AIRRFirst Trust RBA American | $6M | 2.8% | — | 2.0 yr |
| FESMFidelity Enhanced Small | $5M | 2.5% | — | 1.0 yr |
| INCOColumbia India Consumer | $5M | 2.3% | — | 1.3 yr |
| HISFFirst Trust High Income | $3M | 1.6% | — | 2.5 yr |
| MSFTMicrosoft Corporation | $3M | 1.4% | -0.6% | 6.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management74.2%+40.5pp$150M
Asset Management - Bonds8.9%+4.5pp$18M
Consumer Electronics4.4%+2.0pp$9M
Asset Management - Income1.7%+0.9pp$4M
Software - Infrastructure1.5%+0.2pp$3M
Banks - Diversified1.3%-3.4pp$3M
Insurance - Diversified1.1%+0.5pp$2M
Internet Content & Information0.9%+0.2pp$2M
Semiconductors0.7%+0.6pp$1M
Drug Manufacturers - General0.7%-3.3pp$1M
Country
US99.7%+4.4pp
IE0.2%+0.1pp
CA0.1%
Top 5: 43.7% · Top 10: 64.3% · Top 25: 83.4%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| JPM | $7M | +0.00B | 21.8% |
| BAC | $8M | +0.00B | 19.4% |
| AAPL | $8M | +0.00B | 14.7% |
| NVDA | $0M | +0.00B | 60.9% |
| AMZN | $1M | +0.00B | 9.5% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $4M | -0.00B | -0.6% |
Top buys this quarter · 15
| OTF Blue Owl Technology Finance Conew | +$0M |
| NVDA NVIDIA Corporation | +$0M |
| WFC Wells Fargo & Company | +$0M |
| AVGO Broadcom Inc. | +$0M |
| PEP PepsiCo, Inc. | +$0M |
| TSLA Tesla, Inc. | +$0M |
| MO Altria Group, Inc. | +$0M |
| LLY Eli Lilly and Company | +$0M |
| LMT Lockheed Martin Corporation | +$0M |
| V Visa Inc. | +$0M |
Top sells this quarter · 15
| GLW Corning Incorporatedexit | −$14M |
| GM General Motors Companyexit | −$11M |
| F-PD Ford Motor Company 6.500% Noteexit | −$9M |
| FDX FedEx Corporationexit | −$7M |
| BAC Bank of America Corporation | −$7M |
| SHEL Shell plcexit | −$7M |
| LYB LyondellBasell Industries N.V.exit | −$7M |
| C Citigroup Inc.exit | −$7M |
| JPM JPMorgan Chase & Co. | −$7M |
| T AT&T Inc.exit | −$7M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $202M | 102 | +14.88% | +17.59% | -2.71% | -0.20B |
| 2025-12-31 | $396M | 131 | +12.08% | +17.72% | -5.64% | +0.00B |
| 2025-09-30 | $385M | 125 | +13.09% | +17.52% | -4.42% | +0.01B |
| 2025-06-30 | $346M | 120 | +8.95% | +14.94% | -5.99% | +0.02B |
| 2025-03-31 | $322M | 110 | -8.85% | +8.30% | -17.15% | +0.01B |
| 2024-12-31 | $318M | 113 | -34.07% | +24.89% | -58.95% | -0.04B |
| 2024-09-30 | $342M | 110 | -45.45% | +36.04% | -81.49% | -0.01B |
| 2024-06-30 | $331M | 104 | -70.28% | +24.49% | -94.77% | +0.04B |
| 2024-03-31 | $340M | 108 | -63.47% | +29.62% | -93.09% | +0.10B |
| 2023-12-31 | $329M | 107 | -26.90% | +26.18% | -53.08% | +0.08B |
| 2023-09-30 | $289M | 117 | -31.88% | +21.57% | -53.44% | +0.12B |
| 2023-06-30 | $303M | 118 | +85.76% | +19.42% | +66.34% | -0.02B |
| 2023-03-31 | $310M | 119 | +60.56% | -7.82% | +68.37% | -0.13B |
| 2022-12-31 | $308M | 114 | +7.33% | -18.17% | +25.50% | +0.08B |
| 2022-09-30 | $282M | 168 | +49.37% | -15.51% | +64.87% | -0.20B |
| 2022-06-30 | $311M | 177 | +4.60% | -10.62% | +15.22% | -0.02B |