Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.34%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.35%
steady accumulation
Rally response
-3.10%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $86M | 8.5% | +14.7% | 6.5 yr |
| IVViShares Core S&P 500 ETF | $41M | 4.1% | — | 6.3 yr |
| DYNFiShares U.S. Equity Fact | $32M | 3.2% | — | 2.3 yr |
| IVEiShares S&P 500 Value ET | $31M | 3.1% | — | 6.5 yr |
| IUSBiShares Core Universal U | $26M | 2.6% | — | 5.3 yr |
| IVWiShares S&P 500 Growth E | $25M | 2.4% | — | 6.5 yr |
| IEMGiShares Core MSCI Emergi | $20M | 2.0% | — | 4.8 yr |
| EFViShares MSCI EAFE Value | $19M | 1.9% | — | 6.5 yr |
| AMLPAlerian MLP ETF | $15M | 1.5% | — | 6.0 yr |
| MSFTMicrosoft Corporation | $14M | 1.4% | -0.6% | 6.5 yr |
| NVDANVIDIA Corporation | $13M | 1.3% | +60.9% | 6.3 yr |
| AMZNAmazon.com, Inc. | $12M | 1.2% | +9.5% | 6.3 yr |
| THROiShares U.S. Thematic Ro | $12M | 1.2% | — | 1.3 yr |
| QUALiShares MSCI USA Quality | $12M | 1.2% | — | 3.3 yr |
| EFGiShares MSCI EAFE Growth | $11M | 1.1% | — | 5.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management46.5%+4.9pp$469M
Consumer Electronics8.6%-1.0pp$87M
Asset Management - Bonds5.7%+0.1pp$58M
Semiconductors4.0%+1.4pp$40M
Drug Manufacturers - General3.2%-0.4pp$32M
Internet Content & Information2.2%+0.3pp$22M
Software - Infrastructure2.0%-0.8pp$20M
Regulated Electric1.7%-0.2pp$17M
Oil & Gas Integrated1.5%+0.2pp$15M
Specialty Retail1.5%-0.3pp$15M
Country
US93.5%-0.6pp
Unknown1.3%+0.7pp
GB1.0%+0.1pp
IE0.7%-0.0pp
TW0.7%+0.2pp
CA0.7%-0.1pp
FR0.5%+0.1pp
NL0.4%+0.1pp
Top 5: 21.4% · Top 10: 30.7% · Top 25: 45.2%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$2M |
| AMT American Tower Corporation | +$1M |
| KIM Kimco Realty Corporationnew | +$1M |
| VZ Verizon Communications Inc. | +$1M |
| MRK Merck & Co., Inc. | +$1M |
| WEC WEC Energy Group, Inc. | +$1M |
| MDLZ Mondelez International, Inc. | +$1M |
| PAYX Paychex, Inc. | +$1M |
| META Meta Platforms, Inc. | +$8M |
| CARR Carrier Global Corporationnew | +$1M |
Top sells this quarter · 15
| JNJ Johnson & Johnson | −$1M |
| XOM Exxon Mobil Corporation | −$5M |
| GSK GSK plcexit | −$1M |
| MSFT Microsoft Corporation | −$1M |
| AAPL Apple Inc. | −$1M |
| AEP American Electric Power Compan | −$1M |
| AMGN Amgen Inc. | −$1M |
| TRV The Travelers Companies, Inc. | −$1M |
| EA Electronic Arts Inc.exit | −$1M |
| NGG National Grid plc | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.01B | 546 | +15.51% | +17.59% | -2.08% | +0.02B |
| 2025-12-31 | $1.02B | 549 | +13.34% | +17.72% | -4.38% | +0.02B |
| 2025-09-30 | $972M | 553 | +13.08% | +17.52% | -4.43% | -0.01B |
| 2025-06-30 | $895M | 542 | +12.05% | +14.94% | -2.89% | +0.02B |
| 2025-03-31 | $826M | 516 | +10.46% | +8.30% | +2.16% | +0.03B |
| 2024-12-31 | $836M | 491 | +20.91% | +24.89% | -3.97% | -0.02B |
| 2024-09-30 | $837M | 521 | +31.61% | +36.04% | -4.43% | -0.00B |
| 2024-06-30 | $774M | 511 | +15.30% | +24.49% | -9.19% | -0.02B |
| 2024-03-31 | $762M | 516 | +18.33% | +29.62% | -11.29% | +0.02B |
| 2023-12-31 | $713M | 510 | +24.16% | +26.18% | -2.02% | +0.01B |
| 2023-09-30 | $634M | 488 | +17.69% | +21.57% | -3.88% | +0.00B |
| 2023-06-30 | $669M | 510 | +17.77% | +19.42% | -1.65% | +0.01B |
| 2023-03-31 | $617M | 500 | -5.50% | -7.82% | +2.31% | -0.00B |
| 2022-12-31 | $563M | 485 | -17.90% | -18.17% | +0.27% | +0.03B |
| 2022-09-30 | $507M | 451 | -13.50% | -15.51% | +2.01% | +0.01B |
| 2022-06-30 | $521M | 438 | -8.24% | -10.62% | +2.38% | +0.10B |