Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.10%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.08%
steady accumulation
Rally response
-5.82%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VCITVanguard Intermediate-Te | $15M | 3.2% | — | 1.8 yr |
| VGITVanguard Intermediate-Te | $15M | 3.2% | — | 1.8 yr |
| AAPLApple Inc. | $15M | 3.0% | +14.7% | 1.8 yr |
| BNDXVanguard Total Internati | $14M | 2.9% | — | 1.8 yr |
| TIPiShares TIPS Bond ETF | $13M | 2.6% | — | 1.8 yr |
| LQDiShares iBoxx $ Investme | $12M | 2.4% | — | 1.8 yr |
| IEFiShares 7-10 Year Treasu | $11M | 2.4% | — | 1.8 yr |
| SHYiShares 1-3 Year Treasur | $11M | 2.3% | — | 1.8 yr |
| IVEiShares S&P 500 Value ET | $11M | 2.3% | — | 1.8 yr |
| CORPPIMCO Investment Grade C | $10M | 2.1% | — | 1.8 yr |
| IVWiShares S&P 500 Growth E | $10M | 2.1% | — | 1.8 yr |
| TLHiShares 10-20 Year Treas | $9M | 1.9% | — | 1.8 yr |
| BWXSPDR Bloomberg Internati | $9M | 1.8% | — | 1.8 yr |
| NVDANVIDIA Corporation | $7M | 1.5% | +60.9% | 1.8 yr |
| HYGiShares iBoxx $ High Yie | $6M | 1.2% | — | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management30.6%+10.4pp$147M
Asset Management - Bonds20.6%-5.6pp$99M
Semiconductors5.6%+2.1pp$27M
Consumer Electronics3.0%+2.2pp$15M
Drug Manufacturers - General2.7%+0.6pp$13M
Internet Content & Information2.4%+0.1pp$12M
Software - Infrastructure1.9%+0.8pp$9M
Banks - Diversified1.7%-0.4pp$8M
Specialty Retail1.3%+0.1pp$6M
Communication Equipment1.3%+0.5pp$6M
Country
US93.4%+1.2pp
CA1.5%+0.3pp
GB1.0%-0.2pp
IE0.8%-0.4pp
NL0.7%+0.2pp
CH0.5%-0.3pp
TW0.4%+0.1pp
BM0.4%-0.3pp
Top 5: 15.0% · Top 10: 26.5% · Top 25: 43.5%
Top buys this quarter · 15
| AAPL Apple Inc. | +$15M |
| LLY Eli Lilly and Company | +$1M |
| ASML ASML Holding N.V. | +$0M |
| CVNA Carvana Co. | +$0M |
| RKLB Rocket Lab USA, Inc.new | +$0M |
| NVDA NVIDIA Corporation | +$7M |
| HBAN Huntington Bancshares Incorpor | +$0M |
| AZN AstraZeneca PLCnew | +$0M |
| TOTB.DE TotalEnergies SEnew | +$0M |
| MDB MongoDB, Inc.new | +$0M |
Top sells this quarter · 15
| GILD Gilead Sciences, Inc. | −$1M |
| GLW Corning Incorporated | −$1M |
| ANET Arista Networks, Inc. | −$1M |
| LITE Lumentum Holdings Inc. | −$1M |
| STX Seagate Technology Holdings plexit | −$1M |
| ABT Abbott Laboratories | −$1M |
| V Visa Inc. | −$1M |
| VICR Vicor Corporation | −$1M |
| AEHR Aehr Test Systemsexit | −$0M |
| PSX Phillips 66 | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $482M | 435 | +20.93% | +17.59% | +3.34% | -0.01B |
| 2025-12-31 | $494M | 440 | +18.70% | +17.72% | +0.99% | +0.13B |
| 2025-09-30 | $345M | 401 | +12.99% | +17.52% | -4.53% | -0.14B |
| 2025-06-30 | $451M | 425 | +8.24% | +10.78% | -2.54% | +0.11B |
| 2025-03-31 | $318M | 366 | -2.21% | -4.27% | +2.05% | -0.00B |
| 2024-12-31 | $329M | 384 | -0.38% | +2.49% | -2.87% | -0.01B |
| 2024-09-30 | $337M | 385 | — | — | — | — |