Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.57%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.87%
steady accumulation
Rally response
+2.86%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BRK-BBerkshire Hathaway Inc. | $58M | 12.0% | — | 7.5 yr |
| AAPLApple Inc. | $33M | 6.9% | +14.7% | 7.5 yr |
| PHYSSprott Physical Gold Tru | $30M | 6.3% | — | 7.5 yr |
| DGROiShares Core Dividend Gr | $24M | 5.1% | — | 7.5 yr |
| DFAUDimensional - US Core Eq | $24M | 4.9% | — | 5.5 yr |
| GOOGLAlphabet Inc. | $20M | 4.1% | — | 7.5 yr |
| DVYiShares Select Dividend | $18M | 3.8% | — | 7.5 yr |
| DFAIDimensional - Internatio | $15M | 3.0% | — | 5.3 yr |
| VGKVanguard FTSE Europe ETF | $12M | 2.4% | — | 7.5 yr |
| AVUVAvantis U.S. Small Cap V | $11M | 2.2% | — | 4.0 yr |
| AVESAvantis Emerging Markets | $9M | 1.8% | — | 2.3 yr |
| GOOGAlphabet Inc. | $8M | 1.6% | +84.3% | 7.5 yr |
| VYMIVanguard International H | $7M | 1.5% | — | 3.5 yr |
| COWZPacer US Cash Cows 100 E | $7M | 1.5% | — | 4.0 yr |
| AVDVAvantis International Sm | $7M | 1.4% | — | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management47.1%+4.8pp$227M
Insurance - Diversified12.3%-4.0pp$59M
Consumer Electronics6.9%-0.5pp$33M
Internet Content & Information6.4%+1.9pp$31M
Asset Management - Income4.0%+0.4pp$19M
Discount Stores2.3%-0.3pp$11M
Software - Infrastructure2.2%+0.3pp$11M
Banks - Diversified1.9%+0.1pp$9M
Unknown1.6%+0.2pp$8M
Specialty Retail1.1%-0.1pp$5M
Country
US89.9%-1.7pp
CA6.7%+1.5pp
Unknown1.6%+0.2pp
SG1.0%-0.2pp
GB0.4%+0.1pp
IE0.2%+0.1pp
TW0.1%+0.0pp
NO0.1%+0.0pp
Top 5: 35.1% · Top 10: 50.6% · Top 25: 69.8%
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$6M |
| SHEL Shell plcnew | +$0M |
| DUK Duke Energy Corporationnew | +$0M |
| SOLS Solstice Advanced Materials Innew | +$0M |
| VZ Verizon Communications Inc. | +$0M |
| AMZN Amazon.com, Inc. | +$4M |
| WY Weyerhaeuser Company | +$0M |
| CVS CVS Health Corporation | +$1M |
| MDT Medtronic plc | +$1M |
| JNJ Johnson & Johnson | +$0M |
Top sells this quarter · 15
| CELH Celsius Holdings, Inc.exit | −$1M |
| KARO Karooooo Ltd. | −$1M |
| AAPL Apple Inc. | −$0M |
| TAP Molson Coors Beverage Companyexit | −$0M |
| SPY State Street SPDR S&P 500 ETF | −$0M |
| BX Blackstone Inc.exit | −$0M |
| ALSN Allison Transmission Holdings, | −$1M |
| OWL Blue Owl Capital Inc.exit | −$0M |
| COST Costco Wholesale Corporation | −$4M |
| MCD McDonald's Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $482M | 173 | +10.03% | +17.59% | -7.56% | +0.02B |
| 2025-12-31 | $484M | 169 | +9.51% | +17.72% | -8.21% | +0.00B |
| 2025-09-30 | $472M | 162 | +11.31% | +17.52% | -6.21% | -0.00B |
| 2025-06-30 | $439M | 160 | +12.27% | +14.94% | -2.67% | +0.00B |
| 2025-03-31 | $420M | 156 | +13.05% | +8.30% | +4.74% | +0.03B |
| 2024-12-31 | $405M | 157 | +22.78% | +24.89% | -2.10% | -0.01B |
| 2024-09-30 | $401M | 150 | +32.44% | +36.04% | -3.59% | +0.01B |
| 2024-06-30 | $362M | 143 | +15.36% | +24.49% | -9.13% | -0.01B |
| 2024-03-31 | $352M | 145 | +20.25% | +29.62% | -9.38% | +0.02B |
| 2023-12-31 | $325M | 144 | +26.24% | +26.18% | +0.06% | -0.00B |
| 2023-09-30 | $295M | 138 | +16.23% | +21.57% | -5.34% | +0.01B |
| 2023-06-30 | $299M | 138 | +18.93% | +19.42% | -0.49% | -0.00B |
| 2023-03-31 | $276M | 136 | -10.69% | -7.82% | -2.87% | -0.00B |
| 2022-12-31 | $254M | 131 | -21.77% | -18.17% | -3.60% | +0.02B |
| 2022-09-30 | $225M | 116 | +9.97% | -15.51% | +25.48% | -0.02B |
| 2022-06-30 | $247M | 126 | -17.93% | -16.11% | -1.82% | +0.00B |