Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.35%
trims when stocks drop
when a holding falls −10%+
Middle response
+2.55%
steady accumulation
Rally response
+5.12%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| JMUBJPMorgan Municipal ETF | $213M | 8.9% | — | 1.3 yr |
| IEFAiShares Core MSCI EAFE E | $144M | 6.0% | — | 3.5 yr |
| NVDANVIDIA Corporation | $105M | 4.4% | +60.9% | 3.5 yr |
| IEMGiShares Core MSCI Emergi | $104M | 4.3% | — | 3.5 yr |
| AAPLApple Inc. | $97M | 4.0% | +14.7% | 3.5 yr |
| MMITNYLI MacKay Muni Interme | $71M | 3.0% | — | 1.3 yr |
| MSFTMicrosoft Corporation | $60M | 2.5% | -0.6% | 3.5 yr |
| FLMIFranklin Dynamic Municip | $59M | 2.5% | — | 1.0 yr |
| VEAVanguard FTSE Developed | $57M | 2.4% | — | 3.5 yr |
| AMZNAmazon.com, Inc. | $44M | 1.8% | +9.5% | 3.5 yr |
| GOOGLAlphabet Inc. | $40M | 1.7% | — | 3.5 yr |
| SGOViShares 0-3 Month Treasu | $37M | 1.6% | — | 2.3 yr |
| UITBVictoryShares Core Inter | $36M | 1.5% | — | 1.0 yr |
| AVGOBroadcom Inc. | $36M | 1.5% | +86.0% | 3.5 yr |
| VCRBVanguard Core Bond ETF | $35M | 1.5% | — | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management33.8%+3.1pp$807M
Semiconductors8.5%+2.3pp$203M
Asset Management - Bonds5.9%-2.1pp$141M
Internet Content & Information4.4%+0.8pp$104M
Consumer Electronics4.0%-0.4pp$97M
Software - Infrastructure3.9%-0.8pp$92M
Drug Manufacturers - General3.0%+0.0pp$71M
Specialty Retail2.2%-0.3pp$53M
Banks - Diversified1.8%-0.1pp$44M
Financial - Credit Services1.4%-0.3pp$35M
Country
US97.9%+0.0pp
IE0.9%-0.2pp
GB0.4%+0.0pp
CH0.2%-0.0pp
SG0.1%+0.1pp
Unknown0.1%+0.0pp
CA0.1%+0.0pp
UY0.1%-0.0pp
Top 5: 27.7% · Top 10: 39.9% · Top 25: 57.8%
Top buys this quarter · 15
| META Meta Platforms, Inc. | +$29M |
| AAPL Apple Inc. | +$97M |
| JNJ Johnson & Johnson | +$1M |
| AMZN Amazon.com, Inc. | +$44M |
| XOM Exxon Mobil Corporation | +$1M |
| LIN Linde plc | +$1M |
| COST Costco Wholesale Corporation | +$1M |
| KO The Coca-Cola Company | +$1M |
| GOOG Alphabet Inc. | +$34M |
| CVX Chevron Corporation | +$1M |
Top sells this quarter · 15
| MSFT Microsoft Corporation | −$5M |
| F-PD Ford Motor Company 6.500% Note | −$1M |
| TSLA Tesla, Inc. | −$1M |
| MA Mastercard Incorporated | −$0M |
| EXAS Exact Sciences Corporationexit | −$0M |
| FLO Flowers Foods, Inc. | −$0M |
| ITT ITT Inc. | −$0M |
| NFLX Netflix, Inc. | −$0M |
| CEG Constellation Energy Corporati | −$0M |
| PEG Public Service Enterprise Grou | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.39B | 689 | +19.19% | +17.59% | +1.60% | +0.15B |
| 2025-12-31 | $2.33B | 661 | +18.17% | +17.72% | +0.45% | +0.13B |
| 2025-09-30 | $2.15B | 623 | +18.40% | +17.52% | +0.88% | +0.06B |
| 2025-06-30 | $1.93B | 609 | +15.69% | +14.94% | +0.75% | +0.07B |
| 2025-03-31 | $1.67B | 573 | +6.22% | +8.30% | -2.09% | +0.14B |
| 2024-12-31 | $1.60B | 556 | +20.68% | +24.89% | -4.20% | +0.02B |
| 2024-09-30 | $1.54B | 554 | +31.56% | +36.04% | -4.48% | +0.05B |
| 2024-06-30 | $1.41B | 511 | +19.75% | +24.49% | -4.74% | +0.40B |
| 2024-03-31 | $983M | 448 | +25.63% | +29.62% | -4.00% | +0.04B |
| 2023-12-31 | $873M | 422 | +23.15% | +26.18% | -3.03% | -0.01B |
| 2023-09-30 | $795M | 403 | -3.49% | -3.22% | -0.27% | -0.10B |
| 2023-06-30 | $929M | 435 | +7.72% | +8.68% | -0.96% | -0.01B |
| 2023-03-31 | $868M | 427 | +6.11% | +7.46% | -1.35% | +0.03B |
| 2022-12-31 | $792M | 399 | — | — | — | — |