Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.47%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.57%
steady accumulation
Rally response
-2.04%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VUSBVanguard Ultra-Short Bon | $71M | 14.8% | — | 4.8 yr |
| VEAVanguard FTSE Developed | $59M | 12.2% | — | 6.3 yr |
| VOOVanguard S&P 500 ETF | $41M | 8.6% | — | 6.8 yr |
| VEUVanguard FTSE All-World | $31M | 6.4% | — | 6.3 yr |
| VOEVanguard Mid-Cap Value E | $29M | 6.0% | — | 5.3 yr |
| BNDXVanguard Total Internati | $26M | 5.5% | — | 6.5 yr |
| VYMVanguard High Dividend Y | $26M | 5.4% | — | 6.8 yr |
| VBRVanguard Small-Cap Value | $21M | 4.3% | — | 6.0 yr |
| VTIVanguard Total Stock Mar | $17M | 3.6% | — | 6.8 yr |
| VOVanguard Mid-Cap ETF | $14M | 2.9% | — | 6.0 yr |
| VUGVanguard Growth ETF | $11M | 2.4% | — | 6.3 yr |
| DFACDimensional - US Core Eq | $10M | 2.1% | — | 5.0 yr |
| VNQVanguard Real Estate ETF | $9M | 1.8% | — | 6.8 yr |
| MINTPIMCO Enhanced Short Mat | $8M | 1.7% | — | 6.8 yr |
| IEFAiShares Core MSCI EAFE E | $7M | 1.4% | — | 6.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management63.4%+1.4pp$305M
Asset Management - Bonds21.4%-0.8pp$103M
Asset Management - Leveraged1.9%-0.8pp$9M
Semiconductors1.4%+0.9pp$7M
Oil & Gas Midstream1.3%-0.3pp$6M
Consumer Electronics0.9%-0.1pp$5M
Personal Products & Services0.8%+0.1pp$4M
Oil & Gas Integrated0.8%-0.1pp$4M
Aerospace & Defense0.7%-0.1pp$3M
Oil & Gas Equipment & Services0.6%+0.0pp$3M
Country
US99.6%-0.1pp
GB0.1%+0.1pp
CA0.1%-0.0pp
IE0.1%+0.0pp
Unknown0.0%+0.0pp
CH0.0%-0.0pp
RU0.0%
CN0.0%
Top 5: 48.1% · Top 10: 69.8% · Top 25: 86.6%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| XOM | $3M | +0.00B | 47.6% |
| HAL | $2M | +0.00B | 57.9% |
| KMI | $3M | +0.00B | 22.6% |
| AAPL | $4M | +0.00B | 14.7% |
| NVDA | $1M | +0.00B | 60.9% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $2M | -0.00B | -0.6% |
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$2M |
| NEE NextEra Energy, Inc. | +$0M |
| JNJ Johnson & Johnson | +$0M |
| COP ConocoPhillips | +$0M |
| PSX Phillips 66 | +$0M |
| SO The Southern Company | +$0M |
| SHEL Shell plc | +$0M |
| TSLA Tesla, Inc. | +$2M |
| CNP CenterPoint Energy, Inc. | +$0M |
| HD The Home Depot, Inc. | +$0M |
Top sells this quarter · 15
| XOM Exxon Mobil Corporation | −$2M |
| HAL Halliburton Company | −$2M |
| ETR Entergy Corporation | −$0M |
| EPD Enterprise Products Partners L | −$0M |
| AAPL Apple Inc. | −$0M |
| AMZN Amazon.com, Inc. | −$0M |
| GOOG Alphabet Inc. | −$0M |
| TSM Taiwan Semiconductor Manufactu | −$0M |
| PLTR Palantir Technologies Inc. | −$0M |
| ET Energy Transfer LP | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $481M | 1184 | +18.90% | +17.59% | +1.30% | -0.00B |
| 2025-12-31 | $474M | 1170 | +13.32% | +17.72% | -4.40% | -0.00B |
| 2025-09-30 | $463M | 1134 | +16.80% | +17.52% | -0.71% | -0.01B |
| 2025-06-30 | $436M | 1096 | +11.95% | +14.94% | -2.99% | +0.03B |
| 2025-03-31 | $386M | 964 | +7.30% | +8.30% | -1.00% | +0.01B |
| 2024-12-31 | $386M | 962 | +17.02% | +24.89% | -7.86% | -0.01B |
| 2024-09-30 | $378M | 946 | +20.63% | +36.04% | -15.41% | +0.00B |
| 2024-06-30 | $358M | 856 | +16.22% | +24.49% | -8.27% | -0.01B |
| 2024-03-31 | $368M | 1130 | +19.75% | +29.62% | -9.87% | -0.00B |
| 2023-12-31 | $352M | 1056 | +15.94% | +26.18% | -10.24% | -0.02B |
| 2023-09-30 | $345M | 764 | +24.61% | +21.57% | +3.04% | -0.03B |
| 2023-06-30 | $377M | 678 | +17.30% | +19.42% | -2.13% | +0.00B |
| 2023-03-31 | $361M | 504 | -2.19% | -7.82% | +5.63% | +0.04B |
| 2022-12-31 | $312M | 455 | -8.83% | -18.17% | +9.35% | -0.05B |
| 2022-09-30 | $313M | 503 | -13.39% | -15.51% | +2.12% | +0.02B |
| 2022-06-30 | $312M | 508 | -7.85% | -10.62% | +2.77% | +0.02B |