Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+5.48%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.81%
steady accumulation
Rally response
+3.95%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $176M | 2.9% | +14.7% | 6.5 yr |
| NVDANVIDIA Corporation | $147M | 2.4% | +60.9% | 6.5 yr |
| IVViShares Core S&P 500 ETF | $107M | 1.8% | — | 6.5 yr |
| MSFTMicrosoft Corporation | $88M | 1.5% | -0.6% | 6.5 yr |
| AMZNAmazon.com, Inc. | $79M | 1.3% | +9.5% | 6.5 yr |
| CARYAngel Oak Income ETF | $74M | 1.2% | — | 2.8 yr |
| GOOGLAlphabet Inc. | $72M | 1.2% | — | 6.5 yr |
| JPMJPMorgan Chase & Co. | $60M | 1.0% | +21.8% | 6.5 yr |
| IVWiShares S&P 500 Growth E | $56M | 0.9% | — | 4.8 yr |
| FBNDFidelity Total Bond ETF | $56M | 0.9% | — | 6.0 yr |
| JPIEJPMorgan Income ETF | $55M | 0.9% | — | 1.3 yr |
| SPYState Street SPDR S&P 50 | $54M | 0.9% | +17.6% | 6.5 yr |
| QQQInvesco QQQ Trust, Serie | $51M | 0.8% | — | 6.0 yr |
| VTIVanguard Total Stock Mar | $50M | 0.8% | — | 6.5 yr |
| SYFIAlliance Bernstein - AB | $46M | 0.8% | — | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management47.0%+3.2pp$2.84B
Semiconductors5.1%+0.5pp$310M
Asset Management - Bonds3.5%+1.5pp$212M
Asset Management - Income3.2%+1.7pp$193M
Consumer Electronics2.9%-0.2pp$177M
Drug Manufacturers - General2.7%+0.2pp$161M
Software - Infrastructure2.6%-0.7pp$160M
Internet Content & Information2.6%-0.1pp$155M
Banks - Diversified1.8%-0.1pp$106M
Specialty Retail1.7%-0.8pp$101M
Country
US95.6%-0.9pp
Unknown1.5%+1.2pp
CA0.7%-0.1pp
GB0.5%-0.0pp
IE0.5%-0.1pp
TW0.3%+0.1pp
CH0.2%+0.0pp
SG0.1%+0.0pp
Top 5: 9.9% · Top 10: 15.1% · Top 25: 26.1%
Top buys this quarter · 15
| FSCO FS Credit Opportunities Corp. | +$18M |
| AAPL Apple Inc. | +$176M |
| MSFT Microsoft Corporation | +$88M |
| GILD Gilead Sciences, Inc. | +$8M |
| AMZN Amazon.com, Inc. | +$79M |
| XOM Exxon Mobil Corporation | +$5M |
| SO The Southern Company | +$5M |
| AZN AstraZeneca PLCnew | +$4M |
| AMRX Amneal Pharmaceuticals, Inc.new | +$4M |
| APP AppLovin Corporation | +$4M |
Top sells this quarter · 15
| ITW Illinois Tool Works Inc. | −$6M |
| SNDK Sandisk Corporation | −$0M |
| AR Antero Resources Corporation | −$5M |
| IDCC InterDigital, Inc.exit | −$5M |
| ENVA Enova International, Inc.exit | −$5M |
| GBCI Glacier Bancorp, Inc. | −$3M |
| WPM Wheaton Precious Metals Corp. | −$2M |
| CRM Salesforce, Inc. | −$2M |
| WDC Western Digital Corporation | −$7M |
| EOG EOG Resources, Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $6.05B | 1618 | +20.19% | +17.59% | +2.60% | +1.10B |
| 2025-12-31 | $5.04B | 1475 | +17.13% | +17.72% | -0.59% | +0.88B |
| 2025-09-30 | $4.08B | 1386 | +18.93% | +17.52% | +1.41% | +0.46B |
| 2025-06-30 | $3.33B | 1242 | +16.96% | +14.94% | +2.02% | +0.41B |
| 2025-03-31 | $2.64B | 1107 | +6.71% | +8.30% | -1.59% | +0.89B |
| 2024-12-31 | $1.83B | 929 | +20.07% | +24.89% | -4.82% | +0.00B |
| 2024-09-30 | $1.76B | 916 | +30.54% | +36.04% | -5.50% | +0.18B |
| 2024-06-30 | $1.48B | 847 | +13.05% | +24.49% | -11.44% | +0.18B |
| 2024-03-31 | $1.29B | 724 | +16.45% | +29.62% | -13.17% | +0.02B |
| 2023-12-31 | $1.18B | 730 | +15.34% | +26.18% | -10.84% | -0.00B |
| 2023-09-30 | $1.05B | 704 | +3.25% | +21.57% | -18.32% | +0.26B |
| 2023-06-30 | $860M | 602 | +3.42% | +19.42% | -16.01% | -0.01B |
| 2023-03-31 | $840M | 601 | -15.73% | -7.82% | -7.92% | +0.04B |
| 2022-12-31 | $754M | 559 | -24.64% | -18.17% | -6.46% | +0.09B |
| 2022-09-30 | $658M | 522 | -16.99% | -15.51% | -1.48% | +0.04B |
| 2022-06-30 | $670M | 540 | -9.89% | -10.62% | +0.74% | +0.03B |