Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.83%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.62%
steady accumulation
Rally response
+4.80%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VUGVanguard Growth ETF | $108M | 10.8% | — | 6.5 yr |
| VTVVanguard Value ETF | $91M | 9.1% | — | 6.5 yr |
| IWFiShares Russell 1000 Gro | $50M | 5.0% | — | 6.5 yr |
| BILState Street SPDR Bloomb | $46M | 4.7% | — | 1.5 yr |
| IWDiShares Russell 1000 Val | $44M | 4.4% | — | 6.5 yr |
| VEAVanguard FTSE Developed | $39M | 3.9% | — | 6.5 yr |
| SGOViShares 0-3 Month Treasu | $33M | 3.3% | — | 3.3 yr |
| — | $23M | 2.3% | — | 0.8 yr |
| AAPLApple Inc. | $21M | 2.1% | +14.7% | 6.5 yr |
| NVDANVIDIA Corporation | $20M | 2.1% | +60.9% | 4.8 yr |
| SPYState Street SPDR S&P 50 | $19M | 1.9% | +17.6% | 6.5 yr |
| MSFTMicrosoft Corporation | $19M | 1.9% | -0.6% | 6.5 yr |
| IDEViShares Core MSCI Intern | $18M | 1.8% | — | 6.5 yr |
| AVTMAvantis Total Equity Mar | $17M | 1.8% | — | 0.3 yr |
| — | $17M | 1.7% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management66.5%-3.8pp$662M
Unknown4.4%+4.4pp$44M
Asset Management - Bonds4.0%+2.5pp$40M
Semiconductors3.3%+0.6pp$32M
Software - Infrastructure2.2%-0.8pp$22M
Consumer Electronics2.1%-0.5pp$21M
Drug Manufacturers - General2.0%-0.1pp$20M
Internet Content & Information2.0%+0.3pp$20M
Software - Application1.0%+0.3pp$10M
Hardware, Equipment & Parts0.9%+0.6pp$9M
Country
US94.9%-4.0pp
Unknown4.4%+4.4pp
IE0.3%-0.3pp
GR0.1%-0.1pp
CH0.1%-0.0pp
GB0.1%-0.0pp
SG0.0%
BM0.0%-0.0pp
Top 5: 34.1% · Top 10: 47.8% · Top 25: 67.1%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $13M | +0.01B | 60.9% |
| GOOG | $4M | +0.00B | 84.3% |
| AAPL | $19M | +0.00B | 14.7% |
| JNJ | $5M | +0.00B | 51.5% |
| SPY | $15M | +0.00B | 17.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $20M | -0.00B | -0.6% |
Top buys this quarter · 15
| JNJ Johnson & Johnson | +$1M |
| WMB The Williams Companies, Inc.new | +$0M |
| COST Costco Wholesale Corporation | +$0M |
| PLTR Palantir Technologies Inc. | +$0M |
| EPD Enterprise Products Partners Lnew | +$0M |
| TRV The Travelers Companies, Inc.new | +$0M |
| EQIX Equinix, Inc.new | +$0M |
| GD General Dynamics Corporationnew | +$0M |
| WELL Welltower Inc.new | +$0M |
| DHR Danaher Corporation | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $995M | 276 | +22.52% | +17.59% | +4.92% | +0.04B |
| 2025-12-31 | $990M | 262 | +20.49% | +17.72% | +2.77% | +0.01B |
| 2025-09-30 | $951M | 270 | +20.79% | +17.52% | +3.27% | +0.01B |
| 2025-06-30 | $853M | 259 | +15.23% | +14.94% | +0.29% | +0.03B |
| 2025-03-31 | $742M | 252 | +5.95% | +8.30% | -2.36% | +0.04B |
| 2024-12-31 | $744M | 254 | +17.90% | +24.89% | -6.99% | +0.06B |
| 2024-09-30 | $657M | 246 | +25.22% | +36.04% | -10.82% | +0.03B |
| 2024-06-30 | $596M | 235 | +14.97% | +24.49% | -9.52% | +0.01B |
| 2024-03-31 | $571M | 236 | +21.84% | +29.62% | -7.79% | +0.03B |
| 2023-12-31 | $513M | 232 | +27.73% | +26.18% | +1.55% | +0.03B |
| 2023-09-30 | $438M | 194 | +22.57% | +21.57% | +1.00% | +0.01B |
| 2023-06-30 | $445M | 196 | +20.23% | +19.42% | +0.80% | +0.00B |
| 2023-03-31 | $410M | 184 | -5.20% | -7.82% | +2.62% | +0.02B |
| 2022-12-31 | $350M | 169 | -18.34% | -18.17% | -0.16% | +0.06B |
| 2022-09-30 | $277M | 143 | -13.85% | -15.51% | +1.65% | +0.02B |
| 2022-06-30 | $268M | 140 | -8.97% | -10.62% | +1.65% | +0.01B |