Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-38.96%
trims when stocks drop
when a holding falls −10%+
Middle response
-9.33%
baseline attrition
Rally response
+14.65%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SNDRSchneider National, Inc. | $161M | 16.4% | +17.2% | 1.0 yr |
| TFPNBlueprint Chesapeake Mul | $96M | 9.8% | — | 2.8 yr |
| SPTMState Street SPDR Portfo | $60M | 6.1% | — | 6.5 yr |
| BILState Street SPDR Bloomb | $42M | 4.3% | — | 5.3 yr |
| IEIiShares 3-7 Year Treasur | $41M | 4.2% | — | 4.3 yr |
| HEGDSwan Hedged Equity US La | $38M | 3.9% | — | 1.5 yr |
| TFFIChesapeake Trend-Followi | $31M | 3.1% | — | 0.3 yr |
| OPERClearShares Ultra-Short | $30M | 3.0% | — | 5.5 yr |
| SHViShares 0â1 Year Treas | $27M | 2.7% | — | 3.5 yr |
| SPDWState Street SPDR Portfo | $25M | 2.5% | — | 6.5 yr |
| NVDANVIDIA Corporation | $21M | 2.2% | +60.9% | 5.5 yr |
| AAPLApple Inc. | $16M | 1.6% | +14.7% | 5.8 yr |
| VVVanguard Large-Cap ETF | $15M | 1.6% | — | 1.0 yr |
| VEAVanguard FTSE Developed | $13M | 1.4% | — | 5.3 yr |
| IVViShares Core S&P 500 ETF | $13M | 1.3% | — | 5.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management64.1%-7.7pp$627M
Trucking16.4%$161M
Asset Management - Leveraged5.2%+2.9pp$51M
Asset Management - Bonds2.9%-2.4pp$28M
Semiconductors2.6%-1.3pp$26M
Consumer Electronics1.6%-0.9pp$16M
Oil & Gas Midstream0.9%-0.7pp$9M
Internet Content & Information0.9%-0.1pp$9M
Oil & Gas Integrated0.9%+0.6pp$9M
Banks - Diversified0.5%-0.9pp$5M
Country
US97.7%-0.1pp
CA2.2%+0.3pp
Unknown0.0%-0.2pp
Top 5: 40.8% · Top 10: 56.1% · Top 25: 75.3%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $18M | +0.01B | 60.9% |
| AAPL | $13M | +0.00B | 14.7% |
| MPLX | $9M | +0.00B | 15.4% |
| SPY | $6M | +0.00B | 17.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| CVX Chevron Corporation | +$2M |
| SPY State Street SPDR S&P 500 ETF | +$2M |
| XOM Exxon Mobil Corporation | +$1M |
| VZ Verizon Communications Inc. | +$1M |
| T AT&T Inc. | +$1M |
| DUK Duke Energy Corporation | +$1M |
| JNJ Johnson & Johnson | +$1M |
| KO The Coca-Cola Company | +$1M |
| SNDR Schneider National, Inc. | +$161M |
| WMT Walmart Inc. | +$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $979M | 129 | +30.87% | +17.59% | +13.28% | +0.06B |
| 2025-12-31 | $934M | 123 | +24.20% | +17.72% | +6.48% | +0.19B |
| 2025-09-30 | $711M | 120 | +26.97% | +17.52% | +9.46% | +0.09B |
| 2025-06-30 | $564M | 61 | +19.17% | +14.94% | +4.22% | -0.07B |
| 2025-03-31 | $548M | 96 | +6.64% | +8.30% | -1.66% | -0.04B |
| 2024-12-31 | $630M | 198 | +25.04% | +24.89% | +0.15% | +0.04B |
| 2024-09-30 | $551M | 164 | +28.59% | +36.04% | -7.45% | +0.07B |
| 2024-06-30 | $462M | 124 | +20.87% | +24.49% | -3.62% | -0.06B |
| 2024-03-31 | $506M | 137 | +25.79% | +29.62% | -3.83% | +0.11B |
| 2023-12-31 | $363M | 136 | +15.58% | +26.18% | -10.60% | +0.02B |
| 2023-09-30 | $311M | 109 | +8.18% | +21.57% | -13.39% | +0.04B |
| 2023-06-30 | $279M | 143 | +3.43% | +19.42% | -15.99% | -0.20B |
| 2023-03-31 | $438M | 228 | -13.97% | -7.82% | -6.16% | -0.04B |
| 2022-12-31 | $472M | 227 | -18.07% | -18.17% | +0.11% | +0.10B |
| 2022-09-30 | $367M | 159 | -6.89% | -4.93% | -1.96% | +0.03B |
| 2022-06-30 | $365M | 140 | -9.94% | -16.11% | +6.17% | +0.02B |