Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.51%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.09%
steady accumulation
Rally response
-1.04%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GLDSPDR Gold Shares | $56M | 15.8% | — | 6.5 yr |
| XLFState Street Financial S | $12M | 3.4% | — | 7.5 yr |
| ADMArcher-Daniels-Midland C | $11M | 3.1% | +56.8% | 7.0 yr |
| NKENIKE, Inc. | $10M | 2.8% | -14.7% | 0.3 yr |
| XLVState Street Health Care | $10M | 2.7% | — | 7.5 yr |
| XLBState Street Materials S | $9M | 2.6% | — | 7.5 yr |
| VPLVanguard FTSE Pacific ET | $9M | 2.5% | — | 7.5 yr |
| DEMWisdomTree Emerging Mark | $9M | 2.4% | — | 3.8 yr |
| XLIState Street Industrial | $8M | 2.3% | — | 7.5 yr |
| XLYState Street Consumer Di | $8M | 2.2% | — | 7.5 yr |
| VTVVanguard Value ETF | $7M | 2.1% | — | 7.5 yr |
| XLPState Street Consumer St | $7M | 2.1% | — | 7.5 yr |
| IEURiShares Core MSCI Europe | $7M | 2.0% | — | 2.3 yr |
| EWJiShares MSCI Japan ETF | $7M | 2.0% | — | 1.8 yr |
| IVWiShares S&P 500 Growth E | $7M | 1.9% | — | 7.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management80.3%-6.2pp$285M
Apparel - Footwear & Accessories4.1%$14M
Agricultural Farm Products3.1%+1.6pp$11M
Asset Management - Leveraged1.7%+1.6pp$6M
Medical - Devices1.5%+1.0pp$5M
Asset Management - Bonds1.5%-2.0pp$5M
Semiconductors1.4%+1.0pp$5M
Telecommunications Services1.3%-0.6pp$5M
Chemicals - Specialty0.9%$3M
Consumer Electronics0.8%-0.3pp$3M
Country
US99.1%-0.8pp
CL0.9%
Top 5: 27.9% · Top 10: 39.8% · Top 25: 67.6%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| DCTH | $1M | -0.00B | -27.1% |
Top buys this quarter · 15
| NKE NIKE, Inc.new | +$10M |
| ADM Archer-Daniels-Midland Company | +$6M |
| DCTH Delcath Systems, Inc. | +$3M |
| ADI Analog Devices, Inc. | +$2M |
| RRC Range Resources Corporation | +$1M |
| SQM Sociedad QuÃmica y Minera de | +$0M |
| DECK Deckers Outdoor Corporation | +$0M |
| AMAT Applied Materials, Inc. | +$0M |
| RIVN Rivian Automotive, Inc. | +$0M |
| TGT Target Corporation | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $356M | 95 | +28.17% | +17.59% | +10.58% | +0.06B |
| 2025-12-31 | $278M | 87 | +24.05% | +17.72% | +6.33% | -0.00B |
| 2025-09-30 | $266M | 86 | +21.35% | +17.52% | +3.83% | -0.01B |
| 2025-06-30 | $255M | 82 | +16.54% | +14.94% | +1.60% | +0.00B |
| 2025-03-31 | $238M | 81 | +16.60% | +8.30% | +8.30% | +0.00B |
| 2024-12-31 | $229M | 81 | +13.98% | +24.89% | -10.91% | -0.03B |
| 2024-09-30 | $246M | 76 | +15.34% | +36.04% | -20.70% | +0.01B |
| 2024-06-30 | $229M | 75 | +6.88% | +24.49% | -17.62% | -0.02B |
| 2024-03-31 | $239M | 74 | +3.30% | +29.62% | -26.32% | +0.00B |
| 2023-12-31 | $232M | 68 | +7.72% | +26.18% | -18.45% | -0.01B |
| 2023-09-30 | $228M | 71 | +10.70% | +21.57% | -10.87% | +0.00B |
| 2023-06-30 | $238M | 72 | +9.43% | +19.42% | -10.00% | -0.00B |
| 2023-03-31 | $235M | 73 | -7.88% | -7.82% | -0.06% | -0.01B |
| 2022-12-31 | $233M | 70 | +7.73% | +7.56% | +0.17% | +0.00B |
| 2022-09-30 | $214M | 65 | -5.52% | -4.93% | -0.59% | -0.04B |
| 2022-06-30 | $269M | 69 | -14.30% | -16.11% | +1.81% | +0.00B |