Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.11%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.20%
steady accumulation
Rally response
+0.01%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $96M | 3.2% | +14.7% | 6.5 yr |
| MSFTMicrosoft Corporation | $83M | 2.8% | -0.6% | 6.5 yr |
| GOOGLAlphabet Inc. | $76M | 2.5% | — | 6.5 yr |
| QQQInvesco QQQ Trust, Serie | $75M | 2.5% | — | 6.5 yr |
| SPYState Street SPDR S&P 50 | $74M | 2.5% | +17.6% | 6.5 yr |
| JPMJPMorgan Chase & Co. | $73M | 2.4% | +21.8% | 6.5 yr |
| RSPInvesco S&P 500 Equal We | $71M | 2.4% | — | 6.5 yr |
| VUGVanguard Growth ETF | $68M | 2.3% | — | 6.5 yr |
| AMZNAmazon.com, Inc. | $61M | 2.0% | +9.5% | 6.5 yr |
| IBDWiShares iBonds Dec 2031 | $60M | 2.0% | — | 3.5 yr |
| METAMeta Platforms, Inc. | $56M | 1.9% | -0.4% | 6.5 yr |
| VOVanguard Mid-Cap ETF | $53M | 1.8% | — | 6.5 yr |
| NVDANVIDIA Corporation | $49M | 1.6% | +60.9% | 5.5 yr |
| IBDUiShares iBonds Dec 2029 | $35M | 1.2% | — | 3.5 yr |
| RTXRTX Corporation | $34M | 1.2% | +48.1% | 6.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management38.7%-1.6pp$1.16B
Internet Content & Information5.7%+1.9pp$170M
Semiconductors4.4%+1.3pp$131M
Software - Infrastructure4.2%-0.3pp$127M
Asset Management - Bonds4.2%-0.9pp$125M
Consumer Electronics3.2%-0.1pp$96M
Banks - Diversified3.1%+0.0pp$91M
Specialty Retail2.3%+0.3pp$69M
Drug Manufacturers - General2.2%-0.3pp$66M
Financial - Credit Services2.2%-0.4pp$66M
Country
US97.3%+0.5pp
GB0.7%-0.2pp
CH0.5%-0.0pp
CA0.4%+0.1pp
IE0.4%-0.1pp
BR0.2%+0.1pp
UY0.2%+0.0pp
RU0.1%+0.1pp
Top 5: 13.5% · Top 10: 24.6% · Top 25: 41.5%
Top buys this quarter · 15
| COF Capital One Financial Corporat | +$8M |
| ORCL Oracle Corporation | +$8M |
| RDDT Reddit, Inc. | +$6M |
| GEV GE Vernova Inc. | +$6M |
| ANET Arista Networks, Inc. | +$5M |
| META Meta Platforms, Inc. | +$56M |
| AMZN Amazon.com, Inc. | +$61M |
| CRCL Circle Internet Group | +$4M |
| MRVL Marvell Technology, Inc. | +$4M |
| KKR KKR & Co. Inc. | +$4M |
Top sells this quarter · 15
| HUBB Hubbell Incorporated | −$7M |
| ANDE The Andersons, Inc. | −$7M |
| O Realty Income Corporation | −$6M |
| GLW Corning Incorporated | −$6M |
| SPY State Street SPDR S&P 500 ETF | −$4M |
| LRCX Lam Research Corporation | −$3M |
| CAT Caterpillar Inc. | −$16M |
| POWL Powell Industries, Inc. | −$14M |
| PSX Phillips 66 | −$12M |
| VRT Vertiv Holdings Co | −$12M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.00B | 601 | +19.73% | +17.59% | +2.14% | +0.04B |
| 2025-12-31 | $3.06B | 605 | +20.24% | +17.72% | +2.52% | +0.10B |
| 2025-09-30 | $2.90B | 586 | +21.10% | +17.52% | +3.59% | +0.00B |
| 2025-06-30 | $2.66B | 568 | +18.18% | +14.94% | +3.24% | +0.00B |
| 2025-03-31 | $2.38B | 545 | +7.49% | +8.30% | -0.81% | +0.07B |
| 2024-12-31 | $2.39B | 601 | +19.88% | +24.89% | -5.00% | +0.03B |
| 2024-09-30 | $2.29B | 541 | +29.25% | +36.04% | -6.79% | -0.02B |
| 2024-06-30 | $2.17B | 545 | +17.30% | +24.49% | -7.19% | +0.04B |
| 2024-03-31 | $2.11B | 540 | +23.17% | +29.62% | -6.46% | +0.06B |
| 2023-12-31 | $1.89B | 520 | +20.26% | +26.18% | -5.92% | +0.05B |
| 2023-09-30 | $1.66B | 490 | +17.62% | +21.57% | -3.95% | +0.02B |
| 2023-06-30 | $1.70B | 511 | +14.93% | +19.42% | -4.50% | +0.02B |
| 2023-03-31 | $1.58B | 493 | -8.30% | -7.82% | -0.48% | +0.12B |
| 2022-12-31 | $1.38B | 473 | -17.23% | -18.17% | +0.94% | +0.05B |
| 2022-09-30 | $1.23B | 463 | -15.12% | -15.51% | +0.39% | -0.01B |
| 2022-06-30 | $1.31B | 1680 | -9.69% | -10.62% | +0.93% | +0.04B |